Wall Street Week - Full Show (03/19/2021)

Mar.19 -- One of the most iconic brands in financial television returns for today's issues and today's world. This inflation edition of Wall Street Week features David Westin's interviews with Bridgewater Associates Co-Chairman and Co-CIO Ray Dalio, Former Treasury Secretary Lawrence H. Summers, Nobel Laureate Paul Krugman, Bank of America Chairman & CEO Brian Moynihan, Former Fed Governor Dan Tarullo, and Bloomberg Economics Senior Executive Editor Stephanie Flanders. The conversations highlight the different sides of the debate over whether the $1.9 trillion stimulus would cause significant inflation.

[carefulconsumer]

House prices in my boring area shot up 25% in January/February. There is serious inflation already. Savers are taking a bloodbath.

[bevylake]

*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION*. *RICH MINDSET SEEKS TO SPEND THEIR TIME*, *RESOURCES*, *AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED*.

[titusp]

This show will go down in history! See you all in 5 and 10 years! Who is right?!

[ramnd]

Money printing is the inflation. Prices movement is an effect of that. CPI is not real indication, it excludes all of the prices that are going higher.

[jmmacalalag]

Cash is trash if you're rich, for me it's gold.

[dsicario]

Between Krugman and Summers... I'll take Krugman. Read their Wikipedia entries. Summers has been involved with multiple controversies, and along with Greenspan and Rubin, deserves a portion of blame for the 2008 financial crises. I never miss Wall Street Week, but I think they should have a rotation of "special contributors."

[notyourenemy]

Do the opposite of whatever these banksters say!

[Rnankn]

Summers lament of reasonable people making tragic choices was an indirect way to concede that America had to bailout the Working Class this time, or lurch into Fascist authoritarianism. It’s one of those times when not having bread and circuses is a greater risk than inflation and debt.

[DavidEVogel]

Has the FED ever had a problem auctioning Treasury securities? I mean has there ever been an auction and buyers say "no thank you?"

[Strange_Brew]

Powell looked so nervous he was gulping his own saliva every sentence. Friggin lying out his arse.

[jerryerickson]

If they stopped printing money, there would be mild deflation every year (improvements in technology, supply chains, efficiency, population growth, etc), and every dollar you earn or save would buy more. You would become wealthier and be the beneficiary of the technological and efficiency improvements. They keep trying to convince people that mild deflation is bad, when in actuality it is the constant inflation that is eroding your wealth and earnings. With inflation, only people who already own assets (real estate, stocks, etc) become richer. Inflation creates a transfer of wealth from the poor (people without assets) to the rich (people who already own assets).

[drew]

Krugman- constantly on the fence “maybe it’s x but then again maybe I’m wrong”, etc. Intellectualises, theorises, frequently refers to past events (can’t get that wrong) in justifying the clear as day Fed market manipulation (for years).
Didn’t hear him predicting the 2008 crash like Peter Schiff or giving any solid predictions today.

[kdnofyudbn]

I''m buying gold cause he's right cash is trash, bonds are dog sht, and crypto is suspect to me.

[Mike]

NO ONE IS BUYING BONDs EXCEPT THE is the buyer of last resort!....oh and the repo market...

[williamandrews]

I would like to see a show with Mohamed el Erian, David Tepper, Jeffrey Gundlach, and Bill Ackman.

[mickygarcia]

Krugman is the worst economist of our times. His job is to obscure the facts, not clarify them.

[alvinrodgers]

2:00. We’ll let inflation run above 2% and then bring it down so it averages 2%. Powell was speaking like we’re small children or Golden Retrievers.

My Labrador Retriever doesn’t buy what Powell is selling.

[alanskinner]

Biggest fluff piece I have ever seen, what garbage!

[isaactejada]

Larry summers is just mad he didn’t qualify for free stimis

[HeadStronger-HS]

Krugman is looking old. I guess all of that lying is catching up to him.