Companies’ bottom lines will be affected by geopolitical tensions, and inadequate planning for climate change says Jeffrey Sachs, economist professor at Columbia University. In this episode of The Bottom Line, Professor Sachs explains why productivity measurements are wrong and why a recession may be imminent.
Chapters:
00:00 — Introduction
00:19 — Geopolitics
01:15 — Productivity
02:20 — Artificial intelligence
04:57 — Recession
06:55 — Inflation
07:50 — Climate change
10:10 — Immigration
11:48 — Will the U.S. remain on top?
Produced, Shot and Edited by: Mark Licea
Supervising Producer: Lindsey Jacobson
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What Are The Biggest Threats To Economic Stability: Jeffrey Sachs
35件のコメント
STOP being #1!!!!!!!!!!!!
A mediocre economist, with an anti-American agenda, profiting by advocating for enemy countries.
I wonder if individuals who went through the 2008 financial crisis had a relatively less challenging experience compared to what I am currently facing. The current market conditions are causing significant distress for me. Specifically, my portfolio has suffered a loss of over $27,000 in just this month, and my profits are diminishing. This situation is raising concerns about the potential impact on my retirement plans, as I am unable to increase my stagnant reserves.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
You forgot the role of LGBT for climate change 😂
A lot well addressed in a short time.
The biggest threat to our economy is loonies such as sachs
My god why do we have to share the world with people such as him
Globalization is dead and needs to be reversed
china does not want to invest in technologies like the west did in order to become what the west is now but took centuries
in the contrary china pushes to be a superpower in just a few decades by
-forces intellectual property transfer from foreign companies and then copies them since they are unable to invent anything and what they produce is of shoddy quality: all gadgets made in china do not last and need to be replaced after a few uses
-debt traps entire nations
-forces organ transplants
-oppresses its own nice productive citizen
We the western world need to reverse and accelerate the outsourcing of our economy to china and companies which refuse need to be boycotted
-imagine shipping resources to china and than shipping back manufactured goods it is an environmental crime
globalization only serves the shareholders and not the consumers since replacing the shoddy products once or twice…. is much more costly
The biggest threat for usa Economy is that world are awake with awareness that usa needs war and terror and terrorism in usa regime interest. World are desperately want peace this behavior of world will down the usa supremacy. usa next war will against China or IRAN, In China. NATO needs Taiwani blood against Chinese. Is Taiwani leader are sellable or idiot or scared under usa pressures.
Very clearly Sachs is a critic of the U.S and is very unhappy in the U.S. he is also an unabashed admirer of Russia and China. Why does he.not emigrate to Russia or China so that he can be more effective in fulfilling his socialist ideals.
The next economic crisis will be bigger since we can't afford to bail it out like last time. It should have been worse last time and honestly it wasn't as bad as it should have been. Also, those who will default on their loans will be those individuals who had good credit scores and the loans were more prime, which makes it scarier in many ways. Moreover, we have inflation now devaluing the dollar and markets, yet back then we really didn't(other than high gas prices).
The End of The United States Super power as we know it !!!
The dollar has been printed to infinity .now the US has to start wars faster than the 10 year period to avoid collapse not just recession .we are in for a ride
The Biggest risk is democrat cater to paying/buying votes from black and brown. Recent payment of Failed Teacher's grade protest in NYC and settlement of 1.8B to black and Brown
The macroeconomics will now transform to nanoeconomics. I have not heard you talk about Africa and yet data being the new oil, our population which has been our liability will now be our asset. The more people there are the more data we mine. Darwin and newton''s theories can not be actualised in digital format because iniquality will only increase. Tech is a tool, a gift for all of us. On the new Web there are no boarders. We will be all connected and serving one another in a kind of Utopian world. Human beings will transform to be at a mature stage of both spirituality and materialism. From here we shall discover the meaning of life. Primordial questions of what the universe is will build up creativity at a personal level. We have lived more than 100yrs based on one person''s thinking and no one seems to see the problem until now that nature is fighting back when it is regulating itself. Anthropocene has led us here but we still can save ourselves from extinction by organising societies in a collaborative manner rather than competition, because we now have tools to measure many types of values in our interractions. We can connect action with outcome, some kind of circular economy, for accountability.
MEXICO REPLACED CHINA as NUMBER ONE EXPORTER TO USA. Usa GDP JUNE, JULY
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
Mr Sachs knows fear sells being a mainstream economist that got attention through inflicting fear everything is negative on his analysis lately
a lot of people in these comments are offering suggestions to invest and diversify their portfolio w/o considering that many americans are living paycheck to paycheck and the economic system of capitalism has created the conditions of what we are seeing. we truly need to change the values of this country; the bedrock of this nation is imbued with genocide and violent exploitation – we desperately need a socialist reconstruction, we need collective prosperity for all
https://www.youtube.com/watch?v=0Q2IW7UEclI&fbclid=IwAR2NOI831AzKY9K4f09YePvJoftO-k6vk5eiWOMALpKVMro8fH31OvZLwrg
………..instead the US invested in China ……..that became a monster…………………instead of their neighbors.
50 billion dollars sent to Ukraine is not enough? 50 billion dollars would have and it’s completely all homelessness in the U.S! It would have improved educational system, social security , medical care. How those 50 billion dollars helped any city or a state in the United States?! Americans paid and got absolutely nothing? This is not a charity! $50 billion !!!! And now we are close to World War III , we have broken economy , we have criminal president, who made a lot of money in Ukraine, we have CIA who works closely with DoD to create the wars . This is shameful. Embarrassing.
Total BS using scapegoats and blaming the poor for "not understanding" that we keep bailing out corporations that are having their best profits ever.
It's all lies just to keep the class war going.
We now have climate shocks and disaster everywhere.
Their is not shock, it has been talked about for years.
We have entire departments and think tanks about climate change.
Maybe you dontbsee it in history books because it used to be called "global warming" and has been relabeled "climate change" to obfuscate our history.
Can we start a move -“Nobel Prize nomination of Jeffrey Sachs”?
Waoo thank you cnbc , this is so educational,i learned a lot just in 12 minutes
I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits despite the downturn. Any tips on how they do it?
Damn CNBC is so biased. This is difficult to listen to
Global challenges and other mentioned factors needed to be adressed now to bring economic stability.
The interviewer's voice is terribly ANNOYING.
I am simply not convinced that China will supplant the USA as the world's premier economic power in nominal terms. They have already reached their labor force limit and population limit, they have a huge debt and real estate crisis, they have mass youth unemployment, they have failed to transition to a consumer based/service based economy, the Renminbi is not a global currency, they rely too heavily on food production imports and energy imports, and they rely too heavily on Western consumption based economies. Are they currently a threat to the American dominated Order? Certainly. Will they be as big of a threat in the long-term? Doubtful.
I am also not convinced that India – even in the second half of this century going forward – will reach American heights either.
This kind of critical thinking is what is lacking in the leadership of our country… so mane have given up paying attention!
He looks skinnier now, he is worried, he is trying so hard to make the message out,
Ukrainians are losing their homes, lives, children, future… but a guy in a suit who works in an office wants them to stop all this war nonsense because it's hurting the US economy.
Jeffrey Sachs is a good man with no bias.