Why the wealthy have recession fears while the middle class doesn't

While the wealthy are signaling a recession, but the economy of the middle class and workers remains strong. Conrad DeQuadros, senior economist and founding partner of RDQ Economics, and Ethan Harris, head of global economic research at Bank of America Merrill Lynch Global Research, join "Squawk Box" to discuss.

[largemouthbassman]

Because middle class are already getting screwed.

[chrissalley]

Its because the people with the most money are the closest to the financial system. They see the breakdown firsthand. The pilot knows the plane is going to crash before the passengers in coach do

[cryptocashcharlie]

The funny thing is there is no middle class there’s families earning under 200k struggling then there’s the rest wondering where to put there money to further there wealth

[pietromancino]

Cnbc can you please hire better host these 2 are obnoxious

[beccalou]

Great example of why Tax Cuts should always go to the middle-class and the poor. They don't hoard cash they "spend it" on better family vacations, a better car, a better home, better food, better education, clothes, appliances, etc...they work hard so they can live a "better" life. So they spend. The middle-class will put a little in the bank, and spend the rest, while the poor, who live paycheck to paycheck will usually spend every penny of their tax cut trying to catch up on bills and put more food on the table. Most of the $1.5 trillion dollars in tax cuts were given to the wealthy. Jeff Bezos has a net worth of $131 Billion, Bill Gates has $100.3 Billion, Warren Buffett has $82 Billion, Zuckerberg has $62.1 Billion. Some politician (I won't mention his name) thought these poor, starving guys needed a break...a tax break. Like the guy said in this video, these guys aren't spending because "they've got more money than they know what to do with". So, why give them tax breaks when they can't spend what they already have? This is the foolishness that hurts our country and our economy. The rich will never outspend the middle-class and the poor. Now, just imagine how much economic stimulus would be created if $1.5 Trillion were put in the hands of the real big spenders?

[wearethe]

That is a rhetorical question. Middle class doesn't exist.

[sanjaybakshi]

When you have nothing you have nothing to lose

[tonycodolo]

If the US economy is soooo good, why is "Insider selling hitting new highs at $600 mil per day"? Higher than it ever was in the 2008.

[greigsanderson]

The wealthy don't have ANY fears.

[tommanley]

*We know it's all fake to make someone look bad for the next election cycle.*

[Lights_Darks]

sorry i missed it, but what is the definition of SALT?

[TheBerlyn]

The Middles class spends and when they Spend they Pay with Credit Cards pay attention when you go out and when the middle class spends is because they are depressed and when they buys things it makes them feel good and then they go to work to pay of those credit cards so that’s why they’re one paycheck away from being you needed or do you want it???

[TheMrgoodmanners]

because the middle class have been in a recession since 2008

[DEFIRYAN]

were already poor and have nothing to lose

[chessdad]

Joe can interrupt any intelligent conversation.

[Aloewells]

Bcos there is no middle class only poor and rich class.

[jointhejourney]

Oh my God… There’s nothing worse than arrogant white men who interrupt the guest and won’t let him speak

[ChiefofTradez]

Yup Im not worried. I made 30k in the market this month. I started trading this year. I should've started years ago. Id be a millionaire already