Financial Strain & The Economy: Insights from Economist Nancy Lazar

In this episode of WEALTHTRACK, leading Wall Street economist Nancy Lazar discusses the resilience of the U.S. economy, despite several canaries in the coal mine examples of financial strain. Lazar shares her insights on why the economy is holding up better than expected and what we can expect moving forward, including the impact of the Federal Reserve's efforts to slow down the recovery. Lazar, a highly-ranked economist since 2001 and has been on Barron's 100 Most Influential Women in U.S. Finance for the past three years, offers valuable insights for investors and anyone interested in the state of the economy.
#inflation #interestrates #useconomy #recession #federalreserve #economicdata
00:00 Hello
00:50 Introduction
02:45 Interview with Nancy Lazar
24:10 One Investment
25:10 Action Point
WEALTHTRACK episode 1938 broadcast on March 17, 2023
More info: wealthtrack.com/wheres-the-re...

[@Tonymanero1960]

I had never seen this woman before,...but,...I totally enjoyed listening to her in this interview. She seemed to be very honest,..and straightforward in her analysis.

[@jjohnson5014]

Nancy Lazar is brilliant!

[@nitinkumar5241]

So glad she called out excessive government spending - spending causes inflation, high debt causes high interest rates, and taxes slow growth. Government spending is very stagflationary.

[@joannemeeks745]

Missed your videos Consuelo; this was a highly informative interview!

[@deannahouston8801]

Quality interview!

[@siedimani8770]

Very informative!

[@michaelswami]

What a great interview and a great guest. I am uplifted and optimistic after listening to Nancy Lazard!

[@tastypymp1287]

So it worked then....

[@TBoy1247]

Recession, drop in GDP and banks walking away from mortgages is "optimistic" and "uplifting" ?

[@michaelswami]

@@TBoy1247 a little difficult to remember exactly what caused my optimistic and uplifted feeling 5 MONTHS later.

[@iwanttohehe]

Another great interview. Thank you again Consuelo.. you always ask the right questions.

[@marlinhowley9858]

Excellent.

[@barkingdogblankets]

Excellent

[@juannunez7045]

used to watch you on pbs for years thank god I found you consuelo on youtube. I will say you always have the most knowledgeable guest.

[@charlesbrown9213]

If you like Wealthtrack, you may also find the 'Wealthion" channel of interest.

[@davidpatterson4024]

Love the show… so she is saying wages must come down so companies can protect profits…. Last time I checked companies from Campbell soup to Chevron were making record amounts of money….perhaps we can find a better solution!! 😊 I agree with her on the reasons for delay in the downturns.

[@jamesmorris913]

And, the last time I checked..companies such as Chevron, Campbell's, and thousands of others, were owned by millions of shareholers..most of whom, are NOT wealthy; but who are cops, teachers, janitors, etc; who own them through pension-funds, 401Ks, I.R.A.s; and the like. We need to shake-off this Marxist-indoctrination which is so prevalent, nowadays; which insists that corporate success, only benefits the wealthy.

[@michaelcap9550]

Work from Home is another factor in Commercial RE. Lots of empty buildings.

[@aaron159r2]

They must have filmed this interview prior to the most recent rounds of bank "not bailouts".

[@nrs6956]

Agree with Lazar's observations. But there are many two dragons to slay. Ukraine with seemingly never ending involvement for the US and refinements of Corvid hysteria.

[@TBoy1247]

I couldn't pay attention. My mind was always comparing Ms Lazar speech and knowledge to Janet Yellen's.

[@shingnosis]

She knows her stuff, no one knows of course but it's about as sensible a guess as anyone can make. However a recession might not look like we're used to these days with all the extra liquidity and money on the sidelines. There is for instance nothing that says a recession must mean a falling stock market, at least not in absolute terms. The stock market could as an example trade mostly flat from here for a year or two, but I'm sure you all know that.

[@vb4567]

Always like and watch your videos. Question: We all like to think everyone is honest good and true but the government benefits from high inflation by gradually making the accumulated debt worthless. How do we know that Mr Powell (and others in the government) is not carefully threading the needle, vocalizing a 2% goal but strategically allowing a higher rate for the long term future as a planned action?

[@michaelswami]

If inflation remains at 5% indefinitely, but your cost of borrowing has quadrupled, I would say the US is a net loser on that.

[@simplered21]

❤❤1ㅃ

[@alexi2460]

NL is full of it, she is like a good old boy yes person . FEDS should have anticipated the bank failure issue since the rush to raise rates turned thing sour for some banks. Obviously Powel cant think ahead of his nose

[@MAchannel2024]

Unfortunately the odds are way against an economist gettin a recession right. Therefore, it’s nice to hear an opinion, but don’t act. It’s just a conversation.

[@jw8578]

The Feds biggest mistakes, low interest rates and.QE for too long, and missing on inflation.

[@chessdad182]

I was wondering which area she wanted to cut in the federal budget. Below are the percentages of GDP by area for 2022. Social Security: 5.6% of GDP Medicare: 4.0% of GDP National Defense: 3.0% of GDP Non-Defense Discretionary Spending: 3.2% of GDP Net Interest: 1.5% of GDP Income Security: 1.4% of GDP Medicaid: 1.7% of GDP Veterans Affairs: 0.6% of GDP Transportation: 0.5% of GDP Education: 0.5% of GDP

[@JohnWilliams-cn7fr]

Battery operated trucks help keep costs down and will not be subject to inflationary swings in fuel costs? ...and costs of electricity arent subject to cost swings? Naive analysis at best.

[@ivantsanov3650]

I've been waiting for this recession to come in any moment now since 2018 when Trump started a trade war with China and this lady is telling me that I have to wait another year 😮 (that's total of 6 years, and recession is nowhere to be seen). I'm a little disappointed. 😂😂😂

[@gaminglikeapro2104]

"The massive amount of stimulus that is still in the economy". Where is it ? Everyone I speak to is indebted to their eye-balls. Ask your friends. People who owned stocks have lost their shirts. Billionaires are almost non-spenders. Pensioners screwed. People around the world have a living crisis today. So where is this massive amount of stimulus still hiding? The US is heading South. The US Dollar is heading South too and the U.S. Blue chips is exactly where one should not be.

[@charlesbrown9213]

Gaming, the stimulus IS still in the economy. Yes, the money was spent by households, but that means the money was transferred from the initial recipients to businesses. Money that gets spent doesn't disappear, it just changes owners.

[@dassa0069]

GOLD IS THE ONLY MONEY YOU CAN TRUST>

[@ggttuuxx]

Not one of the good guests. It's like a rehash of CNBC talking heads. Her points don't match her conclusions. Just US rah rah rah.