Former World Bank president warns this is ‘not a good mix’ for the US economy

Former World Bank President David Malpass provides a pulse-check for the U.S. economy during an appearance on ‘Cavuto: Coast to Coast.’ #foxbusiness

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[RaymondKeen.]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[oneillbilder]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[granduck]

Finally some common sense about curing inflation Americans are getting poorer every day

[ClaudiaSchreiber-bp]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[UrbanFarmer]

I feel like if you picked up 20 million people that don’t belong here and sent em home we’d have more available housing

[alrent]

It is better to spend domestically. Than to the military industrial complex spending 900 billion dollars! Currently, it doesn't help the average American people. The u.s. is sick!!

[waynesmith-hf]

We do not take orders form the IMF nor the world bank or the federal 'Not federal' reserve.

[rumpoh]

THE PUBLIC ARE BEING CHARGED
FOR THE 2008 BANK BAILOUTS
OF GAMBLING BANKERS

[ProJoe-xbie]

After I retired from my occupation I purchased 25 acres of farmland I divided it in half for my son and my daughter we personally built a house for each because I'm a retired Carpenter I saved a lot of money on labor turn on my kids are basically living very cheap in a nice part of the country with no crime and the property is listed as agricultural so the taxes are extremely low all you liberals out there that's how you do it you get your hands dirty make shyt happen you don't sit around waiting for a free handout you got to put the work in

[mariaknaeble]

I need a Labotomy after listening to these two. Only lower energy costs will spur production and time will heal affordability and livable interest rates

[Helen_white]

Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?

[gustavogsepulveda]

" Former World Bank president warns this is ‘not a good mix’ for the US economy "
Where have they been, this started on Day 1 of Biden shutting down the Pipelines .

[lynnharpala]

Vote Trump 💯 2024 JD. Vance, Elon Musk, RFK, Tulsi Gabbard, Vivek Ramaswamy, Charlie Kirk, The Justice League!!
✓YOU GET WHAT YOU VOTE FOR✓🇺🇸🇺🇲

[FrankGallagherr]

Who thinks Harris is 100X worse than Biden.?!.

[janiceriley]

Either people can afford a home or not. If Harris gives money out people still have to pay their bills and taxes. A bunch more fore😢closures will cause complete bankrupcy

[RickStephens-ifwr]

Every time somebody gets something for nothing it means somebody else had to give up something to get nothing in return. Thanks, Rick.

[Ann-mat]

The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[erikbartone]

None of this will happen with the uniparty we have in Washington DC. It’s going to be exciting to watch the collapse coming

[Oliviatheth]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm now thinking of ways to protect my st0ck portfolio worth of $800k from crisis

[Keneth]

The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends. The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends. Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on