we just heard from megan greene of harvard.s we look at these bubbles in the housing market around the world based on the economics work bloomberg has done, whether it is new zealand or australia, or here in canada where, over the last couple of years, it has not been surprising to see prices increase by more than 50%. there was a trend that started going back to the financial crisis where more conservative canadians, who managed on the economic front and saw a record low interest rates for a decade, started to get in. could we be in a situation where the u.s. navigates relatively well but has to be keeping an eye on these global housing markets because of this uncertainty? >> you are right. canada is among those countries to potentially see the highest risks according to the analysis that was performed by my colleague at bloomberg economics. i think the u.s. is relatively safe in this environment and again, i think the u.s. consumer has delivered quite a bit relative to what we saw in the early 2000's. that is really important

it's what we should hope for, but i'm not particularly optimistic megan green really good to talk to. megan senior fellow, hove at kennedy school. thank you. oh, the rising cost of everyday items has pushed inflation in the united kingdom to its highest level in 40 years. millions of persons have seen the energy bills increase spot at least 54 percent. that's an additional $863.00 a year, on average for every household. the government has announced a $19000000000.00 package to soften the impact of the cost of living crisis. pulse of the money would come from a temporary windfall tax and the profits of oil and gas firms of around 25 percent . and the government says the measures would tall get the most vulnerable, including disabled people and retirees. in particular, more than $8000000.00 of the countries low as income households will receive a one time government payment off at least $800.00. in addition to around $500.00 discount on energy bills for every household. well, the government help comes off to the bank of england has raised the coast of borrowing from a pandemic era low n

jonathan: megan greene, thank you. ahead to payrolls tomorrow, 3.6% on unemployment, looking for a move down to 3.5%. that is your median estimate so far. lisa: from an economic perspective it is moving in the right direction. from the fed's perspective is moving in the wrong direction. this is the post-poll, -- the push-pull, megan saying you just have to wait, others seen more urgency to get ahead of this before becomes more entrenched. that is the polarity for the u.s. central bank that i think is import to discuss. jonathan: we can discuss the projections, or as kathy schwab called them, the fed's aspirations. they are at 3.5% year-end. 3.5% on the limit year-end again next year, and 3.5% the year after that. what did our guest say on the show several months ago when we came out with those projections? i believe diane swonk called it "fanciful." tom: i just to get is a parlor game, and with the uncertainty we have right now, i just don't even want to go there. i would state, as we have heard from a number of guests

markets where fears of food crisis, all mounting to discuss all of this on join now from new york by megan green. megan is a senior fellow at harvard kennedy school. i'm the global chief economist at the crow institute. thank you for joining the program, meghan. now the last global recession was brought on by the u. s. sub prime crisis 10 years ago. all we entering similar territory? no. so i think we're in a very different position from where we were before the global financial crisis. i spend all of my time looking for bubbles everywhere that could potentially burst. and it's actually hard to figure out where the exact bubble is in part. everything's kind of a bubble, but i can't imagine any of them bursting in quite as spectacular a fashion as they did before the global financial crisis. that being said, we are slowing down pretty significantly in the us. the government is re trenching massively relative to last year. rates are going up, so the investment environment is, is less conducive towards spending. consumption is, is weakening though that actually remains pretty strong. and the extern

there's this issue megan greene was talking about, that the fed has taken lessons from previous history and basically will just raise rates to neutral and then wait. drew matus of metlife sent me a message saying when you miss the bus, you don't jump on a moving one. basically, they got it too late and now they are trying to figure out how to catch up, and they have to really thread a needle that is already pretty narrow. how do they move forward? tom: he got a check, a large devaluation in the british pound since the beginning of the queens r -- the queen's reig n. jonathan: a nice move in this equity market again. lisa keeps saying that every morning, nice move. lisa: honestly, can we set the record straight? jonathan: please do. lisa: you were the one that said nice move, and i laughed and said nice, so nice, now it is my commentary? jonathan: i thought you thought it was a nice move, no? you did not think it was? tom: the show has come to a complete halt. [laughter] jonathan: did you not think it was a nice move? tom: let's save the show right now. give me some jubilee action. they

green light. professor of emergency medicine and associate dean of public health at brown university dr. megan ranney joins us. the cdc advisers are going to vote on saturday, but an estimate that looked at blood samples indicated more than 2 in 3 children under 5 have already been infected and that was collected before the height of the omicron surge. i guess my question is, is there the same urgency for parents to still run out to get their little kids vaccinated given that that study suggests most kids probably already have antibodies? >> jake, this decision on the part of the fda, there's no two ways about it, a huge win for parents of little kids across the united states right now. yes, many kids have been exposed to covid already, but we know the durability of those antibodies from natural infection is not strong, and particularly during omicron, we're finding that folks are getting reinfected. moreover, these studies occurred in the omicron wave and showed both the moderna and pfizer vaccine were effective both at preventing many infections, not all, but were really effective in prevent