#recession #oilprices #gasprices
James Hamilton, professor of economics at the University of California at San Diego, joins Yahoo Finance Live to discuss how rising oil and gas prices amid COVID-19 lockdowns in China and the Russia-Ukraine war could affect the U.S. economy.
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5 Comments
Pssst.. Our US energy secretary has 10s of millions invested into Proterra (electric municipal bus company)..
Gee, I wonder what the f their intentions are for YOUR transportation needs?
I’ll pot my bet this bozo is dead wrong.. He first assuming democrats intend to fix their astronomical energy costs to consumers..
they have been creating a recession for 2 years now, its the main goal lol, its comming, don't believe this guy
*As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as to secure a profitable investment for the future*…
The Professor is right: when people spend too much money on 1-2-3 needs (rent, food, fuel), they cut back spending on other items such as going out to restaurants, entertainment and even buying LUXURY items. That's why the government must control those 3 categories, so that the money spreads evenly throughout the economy and ALL businesses get revenue to keep their employees on the payroll and grow. But because those 3 most expensive categories take most of our money, obviously because of greed, they ultimately cause a recession, people end up at the unemployment line and expect government help. Government control when done right, can work beautifully for everyone.