U.S. economy is incredibly tricky and it'll get worse, says Colliers Securities' Mark Grant

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBCTV 

[kansasmile]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April 2022 alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[cashmonyz]

guy hasnt bought new glasses since 1970's

[jacobwatson]

This is due to banks making bad decisions, simple.

[Patrick-yhyd]

The difference between the haves and have nots is growing.

[PrincessLydia-gspl]

You work for 40yrs to have $1M in your retirement, meanwhile, some people are putting just $10K in a meme coin from just a few months ago, and now they are multimillionaires.

[Thea-gjor]

It's too complicated for us. But he has it all figured out. That's why i have never heard of his firm or him. Must be the glasses that give him such foresight.

[Falconlibrary]

UP NEXT ON CNBC TELEVISION: A RICH WHITE GUY WHO HELPED CREATE THE MESS WE'RE IN, EXPLAINS WHY WE'RE IN THE MESS WE'RE IN, BUT LEAVES OUT THE PART WHERE HE HELPED CREATE IT

[AnnaKrueger]

A powerful coincidence is preparing in the US. Expansion, bank breakdown, serious dry season in the horticultural belt, downturn, real estate market decline, bank emergency, food deficiencies, diesel fuel and warming oil deficiencies, child recipe deficiencies, accessible car deficiencies and costs, the cost of residing place. It's all approaching together and it could prompt a genuine calamity towards the finish of this current year (or sooner). With expansion at present at around 6%, my essential concern is the way to expand my reserve funds/retirement asset of about $300k which has been exposed target since perpetually with zero to no increases.

[dang]

They forgot to tell this guy to take off his goggles after he landed the biplane he flew in on

[phillipnilsson]

The cryptocurrency market is expected to have a significant year in 2023, with predictions of a bull run on the horizon. Analysts have cited various factors that may contribute to the growth of the leading cryptocurrency, including the global macroeconomic environment, stock prices, inflation, Federal Reserve data, and a possible recession. Increased inflation and a declining trust in traditional financial systems may also play a role. To stay informed and potentially benefit from market movements, and signals provided by experts such as Randy Douglas .

[douginorlando]

seven things in a row they did to cause small banks to fail:
1… taking additional cash from them via special FDIC assessment
2… insuring big depositors only if they move deposits out of small banks to big banks
3… During congressional hearings, Yellen told big depositors they will be fully insured only if they move deposits out of small banks
4… bank accounting regulations that let banks look solvent on their books, but aren’t if big depositors all pull their money (mark to maturity instead of mark to market)
5… sucker punch banks with zero interest rates for years, then suddenly jacking up interest rates, causing huge declines in bank assets (long bonds, mortgages).
6… increasing interest rates again even after confidence in bank deposit safety is reeling.
7… throwing economy into a recession by high interest rates, causing many foreclosures, credit cards & car loan defaults

[chri]

It's not how long we were at 0, it's how fast we lifted to 4+. Price stability lol

[nala]

The US economy has been like a hiker in the mountains who strolls along, enjoying the magnificent vistas. But then, he slips and falls.
Compared to the leisurely stroll, the fall is quick and painful. It's the difference between a gradual trend and a rapid event. A black swan event doesn't happen gradually. Just ask the people at SVB. Everything was fine, then SVB fell off the cliff.
It was gone in a few days. Be prepared NOW. After you slip, there is no time for planning, preparation, attention to needs and the future.
When the slip happens, perhaps over a month or two, it will feel like everyone is plummenting to their economic doom.

[minnehonk]

Boo hooo… crying about the fed has been going on ever since the free money stopped.. it’s not the feds fault.. it’s the bank managers fault..when are going to learn to let them fail.. I say raise the rate and help the small guy who’s getting crushed by inflation.. a correction should have happened a year ago.. as the band keeps playing as the ship sinks.. get over it..

[mperlatti]

It’s not tricky at all! The Oligarchs steal from the peasants

[rigil]

Wrong. No tricks are needed. Where does CNBC stand on increasing the federal minimum wage of $7.25 an hour?

[NickLeeds]

We have heard about this "mess" for years now but people are drowing in disposable spend able money at least from what I am seeing in the NYC area

[TheMightyMedia]

does this guy think he's Robert Downey jr with those DITA frames on CNBC..

[vawt]

Crammer buy buy buy Silicon Valley bank oops🥴

[theingothouse]

"additional tier 1 bonds" are like when they made another World Of Warcraft, but it was the old one, but you couldn't use old characters in the new remake of the old game...
When the only thing you really needed to know is that Blizzard is completely run by scammers now, i.e. expect the absolute worst decisions to be made at the very highest levels...