Ex-Soros money manager warns ‘the economy is buckling as we speak’

Key Square Capital Management CEO and former Soros Fund Management CIO Scott Bessent unpacks Powell's latest speech, the best trajectory for rates and inflation, Kamala's economic record and tax policies. #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.

[sirheisenberg]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[Alexanderjames-rvik]

Considering the shaky economy, I'm keen to know best, how people split their pay, how much of it goes into savings, spendings or investments. I’d be retiring/working much less in 5 years, and sometimes earn up to $160K per year, but nothing to show for it yet.

[Riggsnic_co]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[JohannLang-ry]

The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

[BrewerVera]

In these unpredictable times, it's crucial to manage money wisely and invest prudently. My $240k reserve has been idle with little profitis not increasing more than 5% and people are predicting a crash, inflation is eroding my savings. I need a solution to protect and grow my funds.

[Andres_]

Democrat party fall, The market is looking shaky.

[vernonbowling]

We are witnessing the fall of the democrat party.

[darnellcapriccioso]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[mrs.s.vajaycserhati]

Janet Yellen should be fired immediately.

[freddieweimann]

People can no longer afford to rent let alone to afford a house we are on very dangerous territory and Democrats are to blame for this 🙈

[dianarabbanii]

Transfer of wealth usually occur during maket crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investmnts and earning more as recession fear increases, apparently there are strategies to 3x gains in this present maket cos I read of someone that pulled a proft of $350k within 6months, and it would really help if you could make a video covering these strategies.

[FrankGallagherr]

Who thinks Harris is 10X worse than Biden

[stellacatfish]

Listening to my kindergarten teacher lie for yet another political hack is disgusting! Yellen is not qualified!

[DelaneyGilfillan]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[LizaPhilips]

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[Bwanar]

If anyone believes Kamala is going to do what's best for the masses, they haven't been paying attention, or they think it's going to benefit them. News flash...if they were/could make your life better they already would have done it. Coming with a lot more lies when they haven't accomplished what they promised last time is absurd. Trump will do what's best for everyone. Make it easier for everyone to make a living! Everyone should get the same opportunity.

[FelineAirstrip]

So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone

[Olly.sunshine]

Homeless is getting out of control. I'm homeless and I see more and more every day! It's not easy living in your car! It's people everywhere, the grocery store clerk, restaurant work, you name it they are homeless! They are not the dirty people on the street! 😢

[converter]

Audit the Fed, then arrest the guilty parties and shut it down.

[jaym]

Transitory Recession followed by Transitory Depression.