There are 'very favorable signs' inflation will come down, says Wharton's Jeremy Siegel

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2024-05-02に共有
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, Fed Chair Powell's commentary, interest rate outlook, and more.

コメント (21)
  • The professor might be right however , I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
  • I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to put in $80k for a start. Just don't know strategies to employ in buying stocks to invest in
  • Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.
  • Usually during this time of the year, we get to see certain stocks go up in the market, but that’s very unlikely this season because of the recession and overall economic crisis, issue is I've been holding a lot of stocks hoping to sell for profit this month but I'm not sure if to keep holding or sell, I’ve been running at a loss since Q1 and 2024 is really not looking favorable for investors.
  • Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I’ve made huge figures from trading regardless of the market conditions😊
  • I'm curious about the greatest investment prospects right now. I read certain perspectives, but I soon learn that these opinions are meaningless because the stocks they mentioned took a completely different turn.
  • Seriously, in the west coast, a Croissant is $5, an organic green onion is $2, a standard car wash is $10.... tell me inflation is coming down.
  • @Barr894
    When the professor speaks, the exact opposite happens.
  • @mfmcintyre
    When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.❤
  • @Barr894
    He also said we were going to get ten rate cuts and that inflation was transitory.
  • There is no shortage of really anything. Go to stores and see the shelves fully stocked.
  • I noticed something , whenever this dude says something the opposite happens .
  • What is the Siegel scorecard for predictions in last 10 years?
  • Increased regulation, increased debt, increased taxes, supply chain issues, changing demographics all point to high inflation- we are likely at the beginning of the cycle I don't understand how anyone (specially "financial experts") are surprised.
  • @etvow
    I like him. He is like Tom Lee #2
  • So energy is going up, oil is going up and you think inflation will come down?
  • The business community blaming inflation on "stimulus" instead of greed (greedflation) is hilarious.
  • Tech companies are the gambling of the market. AI is not the panacea ponzied by these guys and gals.
  • @fhowland
    I just spent $8 on a bagel with cream cheese here in Manhattan. Tell me inflation isn't still a problem?