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Description: youtube #yahoofinance #stockmarket Dartmouth Professor of Economics David Blanchflower spoke with Yahoo Finance anchor ...
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Text duration start ents sentiment
to the highest level since 2021 4.561 Jump to 4.259 DATE 2021
I've been working on that for 40 years 7.601 Jump to 42.379 DATE 40 years
turns out since 2008 to say this is an 6.3 Jump to 46.2 DATE 2008
employment rate is three or four 3.18 Jump to 84.96 CARDINAL three CARDINAL four
2000 and it's still below where it was 5.04 Jump to 88.14
in 2020 which says to you that there's 4.62 Jump to 90.42 DATE 2020
2010 to 20 which nobody else can really 4.62 Jump to 125.04 DATE 2010 CARDINAL 20
went from ten nine eight seven six five 3.96 Jump to 129.66 DATE ten nine eight seven
four three did wage growth not rise and 4.02 Jump to 131.28 CARDINAL four CARDINAL three
market since 2008 it used to but it 5.401 Jump to 155.459 DATE 2008
one of the things that they look at the 3 Jump to 169.019 CARDINAL one
at it today they're pricing in eight 4.74 Jump to 211.26 DATE today CARDINAL eight
year to 18 months time and today the 3.959 Jump to 243.36 DATE year to 18 months DATE today
forecast that says in 18 months time 3.84 Jump to 247.319 DATE 18 months
target at one which means that it should 4.08 Jump to 251.159 CARDINAL one
forgets this if you go to 2008 August 4.8 Jump to 325.56 DATE August
five is it 5.2 or so in August 2008 well 5.82 Jump to 337.68 CARDINAL five CARDINAL 5.2 DATE August 2008
August 2009 minus 2.1 so it's not as if 6.479 Jump to 343.5 DATE August 2009 CARDINAL 2.1
drop is that the one this month wasn't 3.419 Jump to 351.78 DATE this month
that big the next two are going to be 3 Jump to 353.759
drop a minor they're going to drop a 2.5 4.801 Jump to 356.759 CARDINAL 2.5
probability of about 25 or so and if you 5.76 Jump to 366.06 CARDINAL about 25
look back we have data for 800 years of 4.621 Jump to 369.539 DATE 800 years
response to inflations of around 10 or 4.56 Jump to 374.16
so in the last 800 years where these 4.8 Jump to 376.5 DATE the last 800 years
happened in 2008 so I think the reality 5.7 Jump to 391.38 DATE 2008
people's price go from 100 to 110 in the 5.1 Jump to 413.52 CARDINAL 100 CARDINAL 110
first year that's 10 inflation they got 4.079 Jump to 416.46 DATE first year CARDINAL 10
110 in the next year that's zero 4.32 Jump to 418.62 CARDINAL 110 DATE the next year CARDINAL zero
inflation and they go to 105 in the 4.681 Jump to 420.539 CARDINAL 105
though prices are five percent higher 4.02 Jump to 425.22 PERCENT five percent
than they were in the first period if 5.58 Jump to 427.08 ORDINAL first
you go from 110 to 105 that's deflation 5.399 Jump to 429.24 CARDINAL 110 CARDINAL 105
eight cuts which I think is completely 4.2 Jump to 447.96 CARDINAL eight
well first I want to know if you think 3.179 Jump to 494.58 ORDINAL first
let's say the last 25 years actually 4.92 Jump to 517.38 DATE the last 25 years
that's in every one of your machines I 4.62 Jump to 531.3
coffee maker I think that's the first 4.44 Jump to 538.68 ORDINAL first
let's say I was to go back each 10-year 4.56 Jump to 549.54 DATE 10-year
it's about 25 of what it was in Boston 6.06 Jump to 586.26 CARDINAL about 25 GPE Boston
it's 50 the character of working has 7.201 Jump to 589.019 CARDINAL 50
at it and as you mentioned I mean three 2.761 Jump to 608.399 CARDINAL three
years ago no one was thinking about you 2.701 Jump to 609.779 DATE years ago