FZ didn't say anything about the new jobs for Americans generated by the infrastructure bill and inflation reduction act. Americans are being paid to make necessary, overdue repairs. These are well-paying jobs. He fails to mention profit-driven inflation went from 11% pre-COVID to 53% currently. That's companies taking advantage of inflation to increase profits. He didn't talk about the recovered and created 600K manufacturing jobs.
Corporate CEO's are being paid record amounts and corporate profits are at record highs even as they say they need to raise prices to keep up. I see a lot of greed😥
@@heemlo649 Do you understand that 'inflation' can be caused by multiple things, especially monopolies that control the market and are very greedy. The VAST majority of the 'Inflation' is actually 'Greedflation' being deliberately perpetrated by the Conglomerates that control the markets. Example, Beef in the US is provided by a grand total of 3 major meat producers even though there are over 30 'brands'... all of whom are posting RECORD revenue AND PROFITS all the while crying about inflation on their supply chain.. yet they are posting record profits and showing lower production costs in their quarterlies... That's called gouging the consumer and causes inflation.
No Zakaria. The largest expense for Americans and largest part in the inflation Fed reserve inflation index is shelter. The cost of homes, insurance, property taxes and rent has skyrocketed to grotesque levels. Increases in general consumer goods is uncomfortable, but extreme increases in shelter is downright disastrous.
That's not how it works. Prices rise to the point where profit is maximized and if they rise too high, then profits will decrease. With few exceptions, it''s consumers who drive inflation.
True, tariffs on Harley Davidsons, bourbon, washing machines, solar panels and raw materials like steel and aluminum are contributing to inflation. But the Bureau of Labor Statistics' most recent numbers (March 2024) identify auto insurance, rent and housing as the three biggest contributors to inflation. I'm not sure how people getting into accidents, landlord greed and homeowners selling their homes are affected by tariffs. Also, Biden did roll back some of the tariffs on steel and aluminum imports from Europe.
So why is he not taking action on price fixers? Why is he maintaining 27% tax on BYD cars import??? Why did he spent10T in 2 years, shut down everything and then open economy with zero interest??? Lol
And the DJI is the highest it's ever been. What's wrong with this picture? Prices are absurd. Tent cities are growing. So are home prices and apartment rents. And it just gets worse. Whoever becomes the next president will be blamed for however it ends. Why anyone wants to be president is beyond me.
the problem are company's they make huge profits and the 0.5 percent of the richest earn huge amounts of cash. in the netherlands they raised the minimum wage and they also send once a year compensation for the high energy prices. company's and the richest should pay a lot more. and the minimum wage should increase a lot too.
That's just not true. They've investigated the companies they claimed were doing that and found nothing. You're of course going to have record profits when the dollar isn't worth a much and making products costs more.
The tariffs have been a net bad, but I don't think they are causing current inflation. Tariffs should add a one time bump in the inflation rate, not continue a high rate after the tariffs have already caused the price increases.
Lowering interest rate increases the money supply. Every time a bank makes a loan, it literally creates money. If you lower interest rates it stimulates increases in the money supply. That means every dollar decreases in value - Inflation. The Federal Reserve primary control on inflation is regulating interest rates to regulate the money supply.
@@vinceena I'm sure he would. Fortunate we don't live in a dictatorship (for now) where presidents determine banking and monetary policy based on purely political reasons. Countries like Venezuela have tried that with disastrous results like hyperinflation. You do understand that lowering interest rates runs up the printing presses injecting even more dollars into the economy? I believe the term for that is inflation, the thing that people are complaining about these days.
@@dmac7128 Look I don’t like dictatorships any more than you do. I am talking about corporate greed. Where credit cards have gone to 30 percent from 12 percent Stick to the basics. People need relief.
Three resources are connected to the manufacture of goods and services. Oil, gas and electricity. These energy resources have doubled in cost. Everything has gone up due to these three.
If we rise the tax the consumption we encourage not to spend more. If you low tác the product cost will low you purchase more. If you raise the price of the product and you make less monies you will buy less items if you low the price of products you can buy the product with less monies and you have extra left over from monies you can choose for saving
What do we do about price gouging by corporations and the inflation of corporate profits and CEO pay? Those things are causing out of control inflation
If you think a company is "price gouging," then don't buy their product. Otherwise stop crying, their costs have gone up, so they will pass that cost on to you and maintain their current level of profitability and try to grow it at the same time.
The 80-90-2000-2010 had the best year of the costumers. Being dependent in manufacturing for that long, comes back and hits you hard. In the 80-s there were 15-16 big food distributors. Check it out now. And that's just the food industry. Company greed is tearing up the common man. Wall Street, Shareholders, Bitcoin is doing this. Where is Teddy Roosevelt at with his baseball bat.
Tariffs are only a tax for the end user is the country who has levied the tariffs don't have homemade products that compete with what they've placed the tariffs on.
Blocking the Keystone XL pipeline, which started during the Obama administration, and Trump pulling out of the PPP are two huge factors that eventually led to the inflation we have today.
I understand how interest rates and energy prices can affect all kinds of products and services, from rents to groceries. I can also understand Fareed’s argument about tariffs and inflation with respect to imported products (from China). But why can’t NAFTA countries like Mexico become an alternative to China for some products? Also, why is there so much inflation in services, like healthcare, insurance and education? Is it because personnel costs have gone up to keep with cost of living (housing, cars, groceries etc.?). These industries are not clearly linked to Chinese manufactured goods and account for a good portion of the inflation that Americans are experiencing. I would like to see a more granular breakdown of inflation by sector (which is easy to track; data is available) but then also how each sector is affected by the Trump tariffs or other explanatory factors like personnel cost, corporate profits etc. From a recent analysis I saw, a lot of price increases are simply due to executive decisions to boost corporate profits. This is only possible in a world where there is insufficient competition, since many US industries are now effectively colluding oligopolies.
This is the reason tariffs impact inflation. Domestic producers will match the price increase of the same foreign produced goods if the resulting price is higher. Take light trucks. Since the 60's, tariffs have been in place on all foreign made light trucks imported into the US. (about 25 percent). The result is the price of all light trucks increased about 25 percent from what they were before the tariffs.
I'm acanadian, where costs (food in particular) have skyrocketed. I was just in California and was shockex by how expensive food is there. I don't know how Californians are feeding their families. It's BS!
I agree that too many were quick to call globalisation dead, and characterise that as a good thing. I don't know any socio-economic change that was received as perfect across society. Similarly, I don't know any change that was an improvement on the status quo that wasn't attacked for being imperfect. We have unrealistic expectations largely born from a laziness that kicks in as soon as we find the explanation that sits easiest in our egos.
Globalization helped keep inflation low for the past 20 years. Now it is reversing as geopolitics cloud economic sense. Inflation and interest rates will stay high. US debt problem will get worse.
Sadly the political goals are costing Americans! True, in the last 3 decades it trained the consumers to shop smarter though the retail biz collapsed except the air fares are faking price hikes with pseudo sell outs! Also the good thing was the manufacturing costs are done effectively with less wastes. Sometimes the adversity brings a bright side but now the Leaders should optimize these theories with the help of the smart economists to beat the inflations and working great for the economies! As a biz woman in the garment trade when the retail marks up 3 times just for greed knew it was matter of time and this was 20 years ago and the manufacturers declined to believe then and see how they had to downsize today.
True.. In California , I used to fill up my old Toyota Camry gas tank for $30 in 2019. Everything changed since Bye Den and his Climate Change hoax masters hijacked our Elections in 2020.
It was pointed out: his trade tariffs on China. As economist point out, a modest liberalization of trade could knock 1.3% off inflation from its current 3.5%, essentially achieving the feds target of 2.1%. And yes, Biden shares some blame, he’s kept those tariffs in place to boost domestic manufacturing and climate policy. Me personally, I don’t have a problem with this. We needed to manufacture more things here to insulate us from the volatility in the Chinese manufacturing sector (remember when we ran low on PPE early in the pandemic), and I knew as a result inflation would be higher for longer and planned for it. 🤷♂️
Yes the tariffs are a tax, and it is bad for inflation, however one of the biggest problems is still the war in Ukraine, and the Republicans not allowing the weapons from the US to be delivered. With the billions of dollars in aid to Ukraine, the economy would be stimulated further, and that has a follow-on to the inflation rate. In the long term tariffs cannot work on the world economy, other markets will take up cheaper exports from China, at a cost to the US.
Wages are also outpacing inflation and in a global economy what happens in the world effects US and whole world economy is inflationary: US is doing better economically than ANY other country
A smaller REAL effort from our govt would be to make the exact same claim to industry that it makes to its citizens. "For all these factors, it is going to cost you more to do business, and while it may move your profit margins down, the American citizens should not bear the brunt of these costs alone. And the America people should abandon any company who maintains their profit margins while we spend more to shore up our positions within the global economy." I am surprised and disappointed at #fareedzakaria for such an inflammatory and overtly divisive report.
Yes both old geezers contributed to this mess... But neither one of them is doing anything about it or the price gouging thats going on with the supermarket chains and other products and services that are over-priced... It doesnt matter which one you vote for they both will just allow this to continue!
Fareed, for the last 2+ years, continues to ignore the continuing "record profits" officially reported over the majority of the last almost 7 quarters in the food and oil sectors. Producer price index peaked in June 2022, yet inflation remains sticky but Fareed never mentions this? It's greedflation officially!
Are you serious? Duh! if there’s more money in circulation, more people shop at companies and CEO’s make more money. This is the government’s doing nut job
Record revenue and profits for corporations - square that with the lie of rising manufacturing & logistic costs. This is Greedflation. Stay in your lane, Fareed.
1400 Companies in America increased prices because of all of the pandemic spending by the US Government and putting more money in people's hands. When Corporate America knew that people had more money to spend they just increased prices just for the hell of it.. Remember what Bernie Sanders stated Corporate America had the highest profits ever in the US history during the pandemic and after. At least %50 of inflation was from Corporate America.
@@wifiphone1032truth be told, it is on both, but more on Trump since Biden is still having to deal with an ineffective Congress. I mean it's not like anything really went on 2016 to 2020 other than watching Trump try to sell America and his followers parading like it was golden.
When deaf Americans discuss the 2024 White House candidates, some of them use a sign representing the president's classic aviator sunglasses to refer to Joe Biden, or make a gesture mimicking Donald Trump's signature comb-over hairstyle. Experts say many of the approximately one million deaf and hard-of-hearing American Sign Language (ASL) users in the United States may not be participating in politics at all, due to the inaccessibility of campaigns. In a country where the last two presidential races were decided by only tens of thousands of votes, the group represents a potentially significant but untapped voting bloc. Presidential campaigns that receive federal funding are legally required to caption their ads, but captions can be glitchy or inaccurate, and most candidates don't hire interpreters for live events. And captions do not always provide sufficient access. ASL is its own language separate from English, with its own grammar, word order and idioms. When deciding who to support, deaf voters may be interested in candidates' stances on issues related to their disability, such as funding for specialist schools, but they are focused on the same issues other Americans care about too.
There were dozens of armed conflicts while Trump was in office. Interest rates are a factor of inflation. Economy was booming before he took office. Domestic energy was booming before he took office. These aren't things he did but are rather things he didn't screw up.
This is a conflation of ideas, though. If costs are higher for Americans due to tariffs, and that lessens Americans’ spending power, then that would be a way to ultimately combat inflation in the same way the feds combat inflation by raising interest rates. Both strategies make it harder for people to spend, i.e it hurts the consumer. Lessening tariffs would do the opposite, it would make consumer goods less expensive and therefore spur on consumer demand to spend and raise inflation. The reason this is important is that the short term promise of cheap goods comes at the long term cost of jobs in America and continued inflation.
Trumps COVID relief was necessary in 2020. The Covid relief in 2021 should not have been done because we had the vaccine and most of the PPP went to rich people. Even Tom Brady got an interest free loan
But he didn’t import 20 million people to compete with us for goods and services plus housing while at the same time increasing gas cost especially with the latest conflicts we inherited from other countries
Those preferences can be expressed in the sign names chosen to refer to politicians: the sign for Biden's aviators is most often deployed by fans of the president, and the hair sign for Trump is most often used by his detractors. One name sign for Kamala Harris -- a movement that looks both like the letter “K” and the lotus flower -- was coined by a group of Black and South Asian deaf women as a way to honor the vice president's heritage. In an effort to be neutral, Abenchuchan said he usually just fingerspells politicians' names. According to political science professor Stern, there is almost no official research on the partisan leanings of the US deaf population. It's not even clear at what rate deaf Americans vote, he said, citing research showing that disabled people overall tend to engage less with the political system than the general population. To foster more political engagement on the Gallaudet campus, Stern -- the only deaf political science PhD in the country -- coaches a student debate team and runs programs aimed at registering deaf Americans to vote. Although offering captions alone is considered legally satisfactory, the Biden administration is the first to employ full-time ASL interpreters. Third-generation deaf signer Elsie Stecker, who presents White House briefings and presidential speeches in sign language, told AFP she seeks to "embody what the speaker is trying to do," both with a message's content and its tone.
Fareed Zakaria exposed his extreme ignorance of the causes of inflation. Congress passes spending bills, not presidents. Presidential administrations spend the money that by law Congress has allocated. Between January 2020 and June 2022, the Federal Reserve Bank increased the money supply by $6 trillion--a 41% increase--by just creating extra money! That and the spending bills is what created inflation. The tariffs were just a very small fraction of the total.
One thing you left out. Capitalism. Consumers that flock to stores selling goods at higher prices instead of finding the same goods at less expensive stores. Buying fresh veggies from farmers markets instead of Costco…. But… playing political blame games in election years is an expected thing to do. Finding the cheapest gas in your area instead of buying from the place you always go. Consumer reluctance to competitively shop… allows greedy corporations to thrive. Prices will come down… if stores lost their customers.
Salads are highway robbery from dominos, just get a large 1 topping at $7.99 comes to like $8.75 give or take based on tax. That said it is a deal for carryout only
What we need is for Americans, both conservatives and libs, to get the money out of politics and impose term limits. No politician is going to fix campaign financing. We have to do it.
@@ElleGen That will never happen. Too busy worrying about culture wars instead of the true emerging threats to the majority of us which are economic and which both parties keep in place.
It costs a hell of a lot more to dig an economy out of a recession that can quickly escalate into a depression than the cost of inflation from an overly aggressive stimulus program. And that's just to end up back in the same place.
ig, but its more the amount of bills being printed along with increased taxes, lack of involvement by the government, and the amount they spend on broke a ss countries
I see many people blame "corporate greed" for inflation. As if corporations weren't greedy 5 years ago. It's actually backwards. Corporate profit is an effect of inflation, not the cause. Corporations perform better in high inflation environment precisely because they are greedy. They are much more efficient at driving up prices and suppressing their cost than the average person. Deficit spending pump large amount of money into circulation while COVId shut down the global economy. Inflation was inevitable. Now the tariff just makes it so much harder to restart the global economy. These are just some very basic concepts economists have been saying for years. The irony is that poor people tend to turn to nationalism and protectionism when they struggle in life, yet these policies usually hurt poor people the most.
Fareed got it totally wrong this time. He might be an expert in geopolitics but his lack of economic background shows. No, inflation is NOT APPRECIABLY affected by the tariffs of the Trump and Biden administrations. The main driver is monetary policy, instead.
Can we have more Fareed commentary on a regular basis? This was a great analysis. 😊
You like it when Trump is blamed for Biden's failures, don't you ?
Crazy how Biden can never be criticized without including Trump. Media is such a joke.
Especially when inflation was at 1.4 percent when the potato was installed
If they both did the same thing, why shouldn't both be included? They were Trump's tariffs
@@harryfarber6435Because Trump's $9 trillion in deficit spending had nothing to do with inflation when the economy opened back up?
Exactly. Most of the Dems on here are the same way.
FZ didn't say anything about the new jobs for Americans generated by the infrastructure bill and inflation reduction act. Americans are being paid to make necessary, overdue repairs. These are well-paying jobs.
He fails to mention profit-driven inflation went from 11% pre-COVID to 53% currently. That's companies taking advantage of inflation to increase profits.
He didn't talk about the recovered and created 600K manufacturing jobs.
But i thought Bidenomics? 🤣
Stop letting cnn tell you what to think
@@johnsolberg5611 it was a joke
Dementia Joe has no idea what is happening 😂
@@daryldarichuk2149Trump called Nikki Hayley Nancy Pelosi 😂
@@daryldarichuk2149 Trump fell asleep in court for long periods. "Sleepy Joe?" eh? It's ALL projection!!
Corporate CEO's are being paid record amounts and corporate profits are at record highs even as they say they need to raise prices to keep up. I see a lot of greed😥
Do you even understand the basic concept of inflation?? Everything is going to be at a record high when the money is worth less.
I don’t think it is causing the inflation but even if it did Biden won’t change a thing since his friends are benefiting
@@heemlo649 Do you understand that 'inflation' can be caused by multiple things, especially monopolies that control the market and are very greedy.
The VAST majority of the 'Inflation' is actually 'Greedflation' being deliberately perpetrated by the Conglomerates that control the markets. Example, Beef in the US is provided by a grand total of 3 major meat producers even though there are over 30 'brands'... all of whom are posting RECORD revenue AND PROFITS all the while crying about inflation on their supply chain.. yet they are posting record profits and showing lower production costs in their quarterlies... That's called gouging the consumer and causes inflation.
Oh shut up
Not the main issue
No Zakaria. The largest expense for Americans and largest part in the inflation Fed reserve inflation index is shelter. The cost of homes, insurance, property taxes and rent has skyrocketed to grotesque levels. Increases in general consumer goods is uncomfortable, but extreme increases in shelter is downright disastrous.
Corporate greed always increases inflation. Do a story on that.
It’s as if capitalism is an inherently corrupt system🏴
Sure. Wanna talk about the workers price gouging their labor costs which caused corporations to pass these costs onto us?
Because Trump and Biden increasing the money supply by 25% in 2 years had nothing to do with higher prices.
Starting with the oil companies.
Fake news pushing the corporate greed narrative is total bs. Inflation is solely caused by excessive money printing.
Is the greedy corporations refusing to lower prices after they saw the pandemic profits
It’s as if capitalism is an inherently corrupt system.
That's not how it works. Prices rise to the point where profit is maximized and if they rise too high, then profits will decrease. With few exceptions, it''s consumers who drive inflation.
Lmao, everyone wants to make money homie. If wanting to make money is so bad, blame the workers who price gouged their labor costs first🤣🤣🤣.
That pandemic sure was conveniently timed.
Greed is not new. You are experiencing Bidenomics. Hold on to your wallet.
At least he's being objective and not praising Biden.
WHO CARES WHAT HE SAYS THAT'S WHY HE COMES ON ON THE WEEKENDS WHEN AIN'T NOBODY AT HOME 🏡 WATCHIN' THE NEWS 😂😅😂
True, tariffs on Harley Davidsons, bourbon, washing machines, solar panels and raw materials like steel and aluminum are contributing to inflation. But the Bureau of Labor Statistics' most recent numbers (March 2024) identify auto insurance, rent and housing as the three biggest contributors to inflation. I'm not sure how people getting into accidents, landlord greed and homeowners selling their homes are affected by tariffs. Also, Biden did roll back some of the tariffs on steel and aluminum imports from Europe.
So why is he not taking action on price fixers? Why is he maintaining 27% tax on BYD cars import??? Why did he spent10T in 2 years, shut down everything and then open economy with zero interest??? Lol
Yeah it’s a few tariffs that caused all of it. Not the $4T increase in the money supply by the Feds to pay for Bidens spending
And the DJI is the highest it's ever been. What's wrong with this picture? Prices are absurd.
Tent cities are growing. So are home prices and apartment rents. And it just gets worse.
Whoever becomes the next president will be blamed for however it ends. Why anyone wants to be president is beyond me.
The words re-election and Biden can’t be used in the same sentence..
Solution: Buy less,
America is capitalism stupid
What about the phenomenon known as price gouging. Pathetic excuses for corporate greed. How about some real muckraking.....
the problem are company's they make huge profits and the 0.5 percent of the richest earn huge amounts of cash. in the netherlands they raised the minimum wage and they also send once a year compensation for the high energy prices. company's and the richest should pay a lot more. and the minimum wage should increase a lot too.
Excessive printing of money is the sole cause of inflation
That's just not true. They've investigated the companies they claimed were doing that and found nothing. You're of course going to have record profits when the dollar isn't worth a much and making products costs more.
@@twesj Who are "they?"
Skipped raised taxes by Joe Biden. Why skipped it out?
@@ElleGen the federal government. I believe it was the treasury department.
Unfortunately, both candidates are high on protectionism in different ways.
The tariffs have been a net bad, but I don't think they are causing current inflation. Tariffs should add a one time bump in the inflation rate, not continue a high rate after the tariffs have already caused the price increases.
What about AI? Aren't increases in productivity from new technologies inherently deflationary? Will that balance out the inflation from tariffs?
What does have to do with lowering interest rates to buy. A house or a car.. lower the rate
Lowering interest rate increases the money supply. Every time a bank makes a loan, it literally creates money. If you lower interest rates it stimulates increases in the money supply. That means every dollar decreases in value - Inflation.
The Federal Reserve primary control on inflation is regulating interest rates to regulate the money supply.
@@dmac7128 I bet Trump would disagree.They will never get the interest rate to 2 percent.So it is 2.49,now. It is time..
@@vinceena I'm sure he would. Fortunate we don't live in a dictatorship (for now) where presidents determine banking and monetary policy based on purely political reasons. Countries like Venezuela have tried that with disastrous results like hyperinflation. You do understand that lowering interest rates runs up the printing presses injecting even more dollars into the economy? I believe the term for that is inflation, the thing that people are complaining about these days.
@@dmac7128 Look I don’t like dictatorships any more than you do. I am talking about corporate greed. Where credit cards have gone to 30 percent from 12 percent Stick to the basics. People need relief.
And where did you plagiarize that from?
how about the five dollar+ per gallon diesel?
Three resources are connected to the manufacture of goods and services. Oil, gas and electricity.
These energy resources have doubled in cost. Everything has gone up due to these three.
Yep. That and higher wages
Bye Den's Ukraine Fiasco!
@@bobcob3362 Yep. Tat and higher cost of goods
@@kkartha thats a lot to unpack
“Trump & Biden” 😂😂😂😂😂
And you still have no fucking clue how Modern Monetary Theory changes things.
You don't think there is price fixing? The grocery stores?? Gasoline? Robert Reich and Bernie Sanders believe greed, monopolies are a big problem.
JOE!!! BIDENONMICS...............nuffsed
Interesting, I'd almost forgotten about the Tea Tax
If we rise the tax the consumption we encourage not to spend more. If you low tác the product cost will low you purchase more. If you raise the price of the product and you make less monies you will buy less items if you low the price of products you can buy the product with less monies and you have extra left over from monies you can choose for saving
What do we do about price gouging by corporations and the inflation of corporate profits and CEO pay? Those things are causing out of control inflation
How is that price gouging? If gas goes up, it cost more to transport goods. Quit listening to the media.
😂😂😂
Maybe 10 million illegal consumers with payouts from the govt are driving up demand and the cost of goods? Duh.
If you think a company is "price gouging," then don't buy their product. Otherwise stop crying, their costs have gone up, so they will pass that cost on to you and maintain their current level of profitability and try to grow it at the same time.
@@zalronwow7222 Oh sure, those CEOs need to be paid 300 times more than their average workers.
Of course you have to tie Biden on Trump's heels
So discouraging smh we need relief. The world is in chaos. Definitely praying 🙏🏾
The 80-90-2000-2010 had the best year of the costumers. Being dependent in manufacturing for that long, comes back and hits you hard. In the 80-s there were 15-16 big food distributors. Check it out now. And that's just the food industry. Company greed is tearing up the common man. Wall Street, Shareholders, Bitcoin is doing this. Where is Teddy Roosevelt at with his baseball bat.
Fareed is 100% right. Don't forget collective bargainings and minimum wage laws.
This has been going on for years now
And Trump? 😂😂😂😂
Tariffs are only a tax for the end user is the country who has levied the tariffs don't have homemade products that compete with what they've placed the tariffs on.
Not inflation… the cost of goods for buying American.
FJB and his few supporters
Blocking the Keystone XL pipeline, which started during the Obama administration, and Trump pulling out of the PPP are two huge factors that eventually led to the inflation we have today.
It should be noted that the U.S. is still the second largest manufacturing country in the world.
CNN: “We’re Card Carrying Democrats, and It Shows!”
Cry harder, comrade.
@@xiaokaYou know I’m from OHIO and a HONORABLY DISCHARGED ARMY NATIONAL VETERAN, right? Get back with me when you decide on your weekly “gender”!
Not so honorable from the sound of it comrade. Let me guess, you support that guy who wears make up and high heels who fellates Putin?
@@evolutionistheflyingspaghe2702😂😂😂😂😂😂😂😂
Fareed is kookier than Cocoa Puffs.
❤❤❤Vote Mr. Rfk jr. With VP. Nicole for bringing peace with prosperity at home America...
I understand how interest rates and energy prices can affect all kinds of products and services, from rents to groceries. I can also understand Fareed’s argument about tariffs and inflation with respect to imported products (from China).
But why can’t NAFTA countries like Mexico become an alternative to China for some products? Also, why is there so much inflation in services, like healthcare, insurance and education? Is it because personnel costs have gone up to keep with cost of living (housing, cars, groceries etc.?). These industries are not clearly linked to Chinese manufactured goods and account for a good portion of the inflation that Americans are experiencing.
I would like to see a more granular breakdown of inflation by sector (which is easy to track; data is available) but then also how each sector is affected by the Trump tariffs or other explanatory factors like personnel cost, corporate profits etc. From a recent analysis I saw, a lot of price increases are simply due to executive decisions to boost corporate profits. This is only possible in a world where there is insufficient competition, since many US industries are now effectively colluding oligopolies.
Greedy food producers are putting up prices!
LOL😂😂More like Biden the Greedy !!!
@@JerryScott777 So.... Biden is putting up prices so he can cause himself electoral problems? You are so illogical!
This is the reason tariffs impact inflation. Domestic producers will match the price increase of the same foreign produced goods if the resulting price is higher. Take light trucks. Since the 60's, tariffs have been in place on all foreign made light trucks imported into the US. (about 25 percent). The result is the price of all light trucks increased about 25 percent from what they were before the tariffs.
I'm so glad everyone isn't brain dead zombies 😂😂
I'm acanadian, where costs (food in particular) have skyrocketed. I was just in California and was shockex by how expensive food is there. I don't know how Californians are feeding their families. It's BS!
WHEN ARE WE GOING TO TALK ABOUT CORPORATE PRICE GOUGING? IT IS A FACTOR IN OUR CURRENT INFLATION LEVELS.
I agree that too many were quick to call globalisation dead, and characterise that as a good thing. I don't know any socio-economic change that was received as perfect across society. Similarly, I don't know any change that was an improvement on the status quo that wasn't attacked for being imperfect. We have unrealistic expectations largely born from a laziness that kicks in as soon as we find the explanation that sits easiest in our egos.
Trump lives rent free in CNn head
The light bill is due
He is running for president.
Should he not be covered?
If he would go away we would only talk about him once a year.....can you guess what day that would be?
Globalization helped keep inflation low for the past 20 years. Now it is reversing as geopolitics cloud economic sense. Inflation and interest rates will stay high. US debt problem will get worse.
Sadly the political goals are costing Americans! True, in the last 3 decades it trained the consumers to shop smarter though the retail biz collapsed except the air fares are faking price hikes with pseudo sell outs!
Also the good thing was the manufacturing costs are done effectively with less wastes. Sometimes the adversity brings a bright side but now the Leaders should optimize these theories with the help of the smart economists to beat the inflations and working great for the economies!
As a biz woman in the garment trade when the retail marks up 3 times just for greed knew it was matter of time and this was 20 years ago and the manufacturers declined to believe then and see how they had to downsize today.
We have something in camon our grest panama canal that many blame my good friend mr Carter?
Don't forget about price gouging and supply chain issues.
What about the incredible deficit?
Already knows before it happens
But why $7.25 still ?
And waiter $2.30 plus tip
Nothing left even skinny more
How has CNN kept this guy'???? First person on CNN I've heard makes sense.
Inflation right now is the result of price gouging by the few large corporations that control all of the goods we buy and make billions in profits.
How Trump hiked up inflation? You have to be kidding, the average inflation rate under Trump was averaging 1.9%, quit lying like you always do!
True.. In California , I used to fill up my old Toyota Camry gas tank for $30 in 2019. Everything changed since Bye Den and his Climate Change hoax masters hijacked our Elections in 2020.
Joe biden's energy policy and stupid russian sanctions caused world inflation.
It was pointed out: his trade tariffs on China. As economist point out, a modest liberalization of trade could knock 1.3% off inflation from its current 3.5%, essentially achieving the feds target of 2.1%. And yes, Biden shares some blame, he’s kept those tariffs in place to boost domestic manufacturing and climate policy. Me personally, I don’t have a problem with this. We needed to manufacture more things here to insulate us from the volatility in the Chinese manufacturing sector (remember when we ran low on PPE early in the pandemic), and I knew as a result inflation would be higher for longer and planned for it. 🤷♂️
Notice how cnn deleted my biden sanctions comment, thats them the other comment.
@@bernardwylie9760that didn’t cause as much inflation as bidens energy policies
Yes the tariffs are a tax, and it is bad for inflation, however one of the biggest problems is still the war in Ukraine, and the Republicans not allowing the weapons from the US to be delivered. With the billions of dollars in aid to Ukraine, the economy would be stimulated further, and that has a follow-on to the inflation rate. In the long term tariffs cannot work on the world economy, other markets will take up cheaper exports from China, at a cost to the US.
Good try but no cigar
Wages are also outpacing inflation and in a global economy what happens in the world effects US and whole world economy is inflationary: US is doing better economically than ANY other country
A smaller REAL effort from our govt would be to make the exact same claim to industry that it makes to its citizens. "For all these factors, it is going to cost you more to do business, and while it may move your profit margins down, the American citizens should not bear the brunt of these costs alone. And the America people should abandon any company who maintains their profit margins while we spend more to shore up our positions within the global economy." I am surprised and disappointed at #fareedzakaria for such an inflammatory and overtly divisive report.
Yes both old geezers contributed to this mess... But neither one of them is doing anything about it or the price gouging thats going on with the supermarket chains and other products and services that are over-priced... It doesnt matter which one you vote for they both will just allow this to continue!
Fareed, for the last 2+ years, continues to ignore the continuing "record profits" officially reported over the majority of the last almost 7 quarters in the food and oil sectors.
Producer price index peaked in June 2022, yet inflation remains sticky but Fareed never mentions this?
It's greedflation officially!
Are you serious? Duh! if there’s more money in circulation, more people shop at companies and CEO’s make more money. This is the government’s doing nut job
Be patient, this is a very difficult time of record breaking profits.
Please read this you know that vegan teacher
u look like u just got here
Not buying it CNN
Trump🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇮🇱🇮🇱❤️❤️❤️❤️
THey lie
Biden's sanctions and energy policy causing world inflation.
Very elaborate explanation, but near MONOPOLIES, CORPORATE GREED, and PRICE GOUGING are very real and happening all around us every day.
Were they not happening 5 years ago?
You and your boy JB are going to find out for real come November Fareed.
Record revenue and profits for corporations - square that with the lie of rising manufacturing & logistic costs.
This is Greedflation.
Stay in your lane, Fareed.
1400 Companies in America increased prices because of all of the pandemic spending by the US Government and putting more money in people's hands. When Corporate America knew that people had more money to spend they just increased prices just for the hell of it.. Remember what Bernie Sanders stated Corporate America had the highest profits ever in the US history during the pandemic and after. At least %50 of inflation was from Corporate America.
I know how to flood your house too.
Only Biden not Trump
Trump not Biden
@@josephcraig9655 TRUMP ONLY FOR PRES
@@josephcraig9655 reverse the order you have the names then it would be factual
@@wifiphone1032truth be told, it is on both, but more on Trump since Biden is still having to deal with an ineffective Congress. I mean it's not like anything really went on 2016 to 2020 other than watching Trump try to sell America and his followers parading like it was golden.
When deaf Americans discuss the 2024 White House candidates, some of them use a sign representing the president's classic aviator sunglasses to refer to Joe Biden, or make a gesture mimicking Donald Trump's signature comb-over hairstyle.
Experts say many of the approximately one million deaf and hard-of-hearing American Sign Language (ASL) users in the United States may not be participating in politics at all, due to the inaccessibility of campaigns.
In a country where the last two presidential races were decided by only tens of thousands of votes, the group represents a potentially significant but untapped voting bloc.
Presidential campaigns that receive federal funding are legally required to caption their ads, but captions can be glitchy or inaccurate, and most candidates don't hire interpreters for live events.
And captions do not always provide sufficient access. ASL is its own language separate from English, with its own grammar, word order and idioms.
When deciding who to support, deaf voters may be interested in candidates' stances on issues related to their disability, such as funding for specialist schools, but they are focused on the same issues other Americans care about too.
just like, get new ears or something
Few tangible achievements??? no wars, low interest rates, booming economy, domestic energy
There were dozens of armed conflicts while Trump was in office. Interest rates are a factor of inflation. Economy was booming before he took office. Domestic energy was booming before he took office.
These aren't things he did but are rather things he didn't screw up.
All that while fighting off the Russia Russia Russia hoax and lies ...pushed 24/7 by the likes of MSM CNN MSNBC FBI
The Obama administration handed the Trump administration a good economy. An economy that was in a free fall because of Bush.
@JimWebbJax armed conflicts and straight up wars are different.
That was TRUMP and thats why I am going for him
This is a conflation of ideas, though. If costs are higher for Americans due to tariffs, and that lessens Americans’ spending power, then that would be a way to ultimately combat inflation in the same way the feds combat inflation by raising interest rates. Both strategies make it harder for people to spend, i.e it hurts the consumer. Lessening tariffs would do the opposite, it would make consumer goods less expensive and therefore spur on consumer demand to spend and raise inflation.
The reason this is important is that the short term promise of cheap goods comes at the long term cost of jobs in America and continued inflation.
Trump signed a total of $8.3T into circulation too. Lets not forget that effect.
Covid relief then BIDEN went on for 3 years to do more ..BIDENOMICS and ENERGY ASSAULT..Im done with all that crap
Let's not forget about the pandemic too, seeing how everything was good until the pandemic happened, that pretty much speaks for itself.
Trumps COVID relief was necessary in 2020. The Covid relief in 2021 should not have been done because we had the vaccine and most of the PPP went to rich people. Even Tom Brady got an interest free loan
But he didn’t import 20 million people to compete with us for goods and services plus housing while at the same time increasing gas cost especially with the latest conflicts we inherited from other countries
Right
The modern Democrat motto: when something goes wrong, blame Trump and stop asking questions.
Which country gets the most benefit from globalization? Yes, of course, China.
*Being serious for once ( **_and only once!_** ) Fareed, you ought to see what's going on over here in Brexit Britain. OMG!* 😨😰😱
Those preferences can be expressed in the sign names chosen to refer to politicians: the sign for Biden's aviators is most often deployed by fans of the president, and the hair sign for Trump is most often used by his detractors.
One name sign for Kamala Harris -- a movement that looks both like the letter “K” and the lotus flower -- was coined by a group of Black and South Asian deaf women as a way to honor the vice president's heritage.
In an effort to be neutral, Abenchuchan said he usually just fingerspells politicians' names.
According to political science professor Stern, there is almost no official research on the partisan leanings of the US deaf population.
It's not even clear at what rate deaf Americans vote, he said, citing research showing that disabled people overall tend to engage less with the political system than the general population.
To foster more political engagement on the Gallaudet campus, Stern -- the only deaf political science PhD in the country -- coaches a student debate team and runs programs aimed at registering deaf Americans to vote.
Although offering captions alone is considered legally satisfactory, the Biden administration is the first to employ full-time ASL interpreters.
Third-generation deaf signer Elsie Stecker, who presents White House briefings and presidential speeches in sign language, told AFP she seeks to "embody what the speaker is trying to do," both with a message's content and its tone.
Sorry Fareed, you are wrong. I would love to debate you on this.
Fareed lies today huge
I wouldn’t.
Do you know anything at all about economics?
Fareed Zakaria exposed his extreme ignorance of the causes of inflation. Congress passes spending bills, not presidents. Presidential administrations spend the money that by law Congress has allocated. Between January 2020 and June 2022, the Federal Reserve Bank increased the money supply by $6 trillion--a 41% increase--by just creating extra money! That and the spending bills is what created inflation. The tariffs were just a very small fraction of the total.
One thing you left out. Capitalism. Consumers that flock to stores selling goods at higher prices instead of finding the same goods at less expensive stores. Buying fresh veggies from farmers markets instead of Costco…. But… playing political blame games in election years is an expected thing to do. Finding the cheapest gas in your area instead of buying from the place you always go. Consumer reluctance to competitively shop… allows greedy corporations to thrive. Prices will come down… if stores lost their customers.
Inflation is the byproduct of FED incompetence.
Green Energy Mantra is another Elephant in the Room 😮
It cost me $40 for a medium pizza and a salad from dominos yesterday. That’s where I get mad
You should learn how to cook.
You could make a pizza from scratch in the time it takes to wait for someone else to do it for you.🤔
@@Acer_Maximinus yeah not a bad idea. I actually know how to cook pizza but I would rather be a lucky, lazy American and order delivery.
GO ON A DIET THEN 😂😅😂
Salads are highway robbery from dominos, just get a large 1 topping at $7.99 comes to like $8.75 give or take based on tax. That said it is a deal for carryout only
bro is this regular price in the US
Fareed is brilliant.
Said no one ever.
👍🤝🙏❤️❤️❤️
Facts don't care about your emotions. Let's face it, they both suck. We need an executive sea change.
What we need is for Americans, both conservatives and libs, to get the money out of politics and impose term limits. No politician is going to fix campaign financing. We have to do it.
@@ElleGen That will never happen. Too busy worrying about culture wars instead of the true emerging threats to the majority of us which are economic and which both parties keep in place.
Life was better under Trump .. but this media told you the opposite while they were crazy
It costs a hell of a lot more to dig an economy out of a recession that can quickly escalate into a depression than the cost of inflation from an overly aggressive stimulus program. And that's just to end up back in the same place.
It wasn't COVID that did this, it was this current administration that did this, he killed the keystone pipeline and caused more horrors.
CNN says china was a close ally 😅😅
OK ruskie!
When?
@@albatros12 Ukrainian bot.
@@club4ghz
Ok Vladolf. Time to get a job little traitor kid!
@@albatros12 You're not even our allies. You're a proxy Volodymyr.
Blaming Trump for Bidens inflation?
Biden didn’t bumble COVID like your hero Trump did 😷
Its not inflation its Greed that’s it more money to Share holders
ig, but its more the amount of bills being printed along with increased taxes, lack of involvement by the government, and the amount they spend on broke a ss countries
Mostly false
I will tell how much she made my life hell
I see many people blame "corporate greed" for inflation. As if corporations weren't greedy 5 years ago. It's actually backwards. Corporate profit is an effect of inflation, not the cause. Corporations perform better in high inflation environment precisely because they are greedy. They are much more efficient at driving up prices and suppressing their cost than the average person.
Deficit spending pump large amount of money into circulation while COVId shut down the global economy. Inflation was inevitable. Now the tariff just makes it so much harder to restart the global economy. These are just some very basic concepts economists have been saying for years.
The irony is that poor people tend to turn to nationalism and protectionism when they struggle in life, yet these policies usually hurt poor people the most.
Corporate Greed
Fareed got it totally wrong this time. He might be an expert in geopolitics but his lack of economic background shows. No, inflation is NOT APPRECIABLY affected by the tariffs of the Trump and Biden administrations. The main driver is monetary policy, instead.
Corporate greed. So shut up, Fareed. You know this is true.