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Jul 27, 2021
07/21
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let's bring in economic strategist, mitch roschelle. mitch, it is clear from state to state.s cannot compete with the couch. take away the couch incentive and people go back to work. the real challenge for business owners especially in florida, i spoke to a bunch of business owners small and large in florida, they are competing with each other. one company loses 10 employees because a company poached three employees. that circular fight for employees is driving up wages. the good news if we get more workers in the market because they have lost the incentive to stay out of the job market, that hopefully will ease wage pressure. wages are going up as a result. jackie: that is one issue. we're definitely struggling with inflation as a result of everything going on. the original thought was, okay, this is going to be, we'll have to ride it out as a country until labor day when those benefits expire, everybody goes back to work. we have vaccines in place. things are getting better. then you introduce the delta variant. get news from cdc we're going back to institute mask mandates
let's bring in economic strategist, mitch roschelle. mitch, it is clear from state to state.s cannot compete with the couch. take away the couch incentive and people go back to work. the real challenge for business owners especially in florida, i spoke to a bunch of business owners small and large in florida, they are competing with each other. one company loses 10 employees because a company poached three employees. that circular fight for employees is driving up wages. the good news if we get...
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Jul 13, 2021
07/21
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let's welcome back to the show economic strategist mitch roschelle. mitch, good to see you.ation. what were your thoughts? >> well economists pegged it lower and economists are often wrong. this time they're wrong in the wrong direction. the fed says it is transitory. a fancy word for temporary. month over month, cpi was up .9%. last month, .7. that is high school calculus, the rate of change is increasing not decreasing. edward is right. it is the input costs. it is labor, gasoline, petroleum, those costs go into everything we do in a service economy. i don't see it going away anytime soon. elizabeth: china has been raising costs on shipping. half of small businesses are raising their prices, half, nearly half, rather. we haven't seen that in 40 years. we have this, mitch, bernie sanders wants 3 1/2 trillion dollars to spend on infrastructure. senate moderate democrats they're not ready to go for that. president biden is bringing back his build back better campaign because he is seeing democrats pushing on the idea that human beings are infrastructure, not a good look, not
let's welcome back to the show economic strategist mitch roschelle. mitch, good to see you.ation. what were your thoughts? >> well economists pegged it lower and economists are often wrong. this time they're wrong in the wrong direction. the fed says it is transitory. a fancy word for temporary. month over month, cpi was up .9%. last month, .7. that is high school calculus, the rate of change is increasing not decreasing. edward is right. it is the input costs. it is labor, gasoline,...
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Jul 28, 2021
07/21
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jackie: mitch roschelle, thank you. i miss being in person with you soon.: up next, senator bill hag getterty joins us as demonstrations continue in the the nation's capital as they ask president biden to help the people in cuba. cuba blames the united states for molotov cocktails thrown at the cuban embassy in paris. keeper it here on "the evening edit." >> we have the ability to help the cubans to communicate with each other, communicate around each other, communicate around the country and communicate trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. ♪ ...and i'm feelin' good ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing probl
jackie: mitch roschelle, thank you. i miss being in person with you soon.: up next, senator bill hag getterty joins us as demonstrations continue in the the nation's capital as they ask president biden to help the people in cuba. cuba blames the united states for molotov cocktails thrown at the cuban embassy in paris. keeper it here on "the evening edit." >> we have the ability to help the cubans to communicate with each other, communicate around each other, communicate around...
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Jul 20, 2021
07/21
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cheryl: congressman, i want to bring in mitch roschelle. e's a lot of worry out there about rising inflation. the data is showing us this. the president doesn't seem to be gripping onto that. mitch: no, not surprising. and if you look for the root cause of inflation, it's all of the stimulus we put out there. we overstimulated the economy and now we're talking about be $.5 trillion worth of basically more stimulus. i'd like to get the congressman's perspective. is there talk in the halls of congress about inflation and the stimulus packages and is that message resonating at all with your colleagues on the other side of the aisle? >> not resonating on the other side of the aisle. i hear about it every week when i'm in my district, we did a telephone town hall two weeks ago. it was the number one issue. inflation is hopefully transitory. i don't think it is. i think joe biden's reckless policies are contributing to what will be high inflation expectations. once that gets embedded in our economy that does nothing but hurt working families who a
cheryl: congressman, i want to bring in mitch roschelle. e's a lot of worry out there about rising inflation. the data is showing us this. the president doesn't seem to be gripping onto that. mitch: no, not surprising. and if you look for the root cause of inflation, it's all of the stimulus we put out there. we overstimulated the economy and now we're talking about be $.5 trillion worth of basically more stimulus. i'd like to get the congressman's perspective. is there talk in the halls of...
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Jul 3, 2021
07/21
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founding partner and visiting research fellow at university of san diego school of business, mitch roschelles report in ten months, the economy has recovered 70% of the jobs lost in march and april of 2020. could this rapid pace plus the rising inflation create an overheated economy? >> i think we, we're seeing an overheated economy. and, by the way, i was one of the people trolling the people on twitter about the barbecue. [laughter] there's a perfect example. the cost of propane has doubled, the cost of corn has doubled, the cost of chicken wings is up two and a half times. i think everyday americans this weekend are feeling the pinch of inflation. and the point that congressman brady made is a relevant one which is the inflation is eating up all the wage gains. it's great that hourly wageses grew 3.6%, but inflation is more than that. and we're in this vicious cycle of inflation which is driven by wages. in fact, the root cause of a lot of the inflation we're having is the tight labor market, the 9 plus million job openings out there more than the number of unemployed. so we've got to get
founding partner and visiting research fellow at university of san diego school of business, mitch roschelles report in ten months, the economy has recovered 70% of the jobs lost in march and april of 2020. could this rapid pace plus the rising inflation create an overheated economy? >> i think we, we're seeing an overheated economy. and, by the way, i was one of the people trolling the people on twitter about the barbecue. [laughter] there's a perfect example. the cost of propane has...
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Jul 15, 2021
07/21
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mitch roschelle back with us, macro trend advisors llc, founding general partner. mitch, want to end with you, begin with you. on jerome powell restating what he said yesterday. i'm watching inflation. i don't think it will stick around a while. do you buy that? >> he is certainly beating that drum. i do and i don't, neil. he is pointing out the fact that used cars is probably something that is transitory. some of the supply chain challenges are probably transitory. i point to labor. this labor market is forcing companies large and small to pay up to attract labor. once you pay somebody more it is hard to get that toothpaste back in the tube and pay them less in the future. the labor component in the service economy i think will be here to stay. neil: normally takes a while to unwinded inflation. there is an argument, luke, it is already happening. lumber, for example, which popped up 40, 45%, is now given back all of those gains. and that seems to be the thinking behind some of these other unusual spikes. that though they will go the lumber route. what do you think
mitch roschelle back with us, macro trend advisors llc, founding general partner. mitch, want to end with you, begin with you. on jerome powell restating what he said yesterday. i'm watching inflation. i don't think it will stick around a while. do you buy that? >> he is certainly beating that drum. i do and i don't, neil. he is pointing out the fact that used cars is probably something that is transitory. some of the supply chain challenges are probably transitory. i point to labor. this...
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Jul 12, 2021
07/21
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george seay, mitch roschelle.t do you think, is this the right time to talk about inequality as these billionaires try to establish space tourism? >> you know, ashley, i think there is always negative people out there that will say negative things about anything and this is something to be celebrated where people can actually go into space. used to think as space efforts as the government's role, nasa, mercury, apollo astronauts and here we are with the private sector that is something to celebrate and enjoy and i think the cost of this will go down like all things of capitalism in time and shows how great our country is, and all the successes we're having, the negativity is silly and divisive, i'm sorry to hear it. i'm not surprised either. there are a lot of negative people out there and you have to ignore them. this is revolutionary time in terms of transportation, technology and everything else. ashley: really is. mitch what do you say? >> it will be interesting to see who starts forking over that $250,000 and
george seay, mitch roschelle.t do you think, is this the right time to talk about inequality as these billionaires try to establish space tourism? >> you know, ashley, i think there is always negative people out there that will say negative things about anything and this is something to be celebrated where people can actually go into space. used to think as space efforts as the government's role, nasa, mercury, apollo astronauts and here we are with the private sector that is something to...
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Jul 14, 2021
07/21
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elizabeth: edward lawrence, thanks for your reporting, let's welcome back economic strategist mitch roschelleead that people did not expect to see coming on inflation, what were your thoughtsst. >> economist pegged at lower and economist often wrong and wrong in the wrong direction. the fed keeps saying this is transitory fancy word for transitory. month over month cpi was up 9% and last month .7, that's high school calculus abraded change is increasing not decreasing edward is 100% right, it's labor, gasoline or petroleum, those costs go into everything that we do in the service economy and i don't see this going away any time soon. elizabeth: china has been raising cost on shipping, now we see half of small businesses raising their prices, nearly half we have not seen that in 40 years we have this now too, bernie sanders wants three and half trillion dollars to spend on infrastructure, senate moderate democrats are not ready to go for that and president biden is bringing back build back better campaign because he see democrats pushing on the idea that human beings are infrastructure, not a
elizabeth: edward lawrence, thanks for your reporting, let's welcome back economic strategist mitch roschelleead that people did not expect to see coming on inflation, what were your thoughtsst. >> economist pegged at lower and economist often wrong and wrong in the wrong direction. the fed keeps saying this is transitory fancy word for transitory. month over month cpi was up 9% and last month .7, that's high school calculus abraded change is increasing not decreasing edward is 100%...
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we have mitch roschelle. get back to the didi news.id, you think people should be avoiding these chinese companies as well? >> i can't touch the numbers. didi for me is the tip of the iceberg. i think senator marco rubio said it best when he pointed out the sec lets chinese companies list here in the united states it funnels desperately needed cash right to beijing. certainly didi management knew about the issues with regulators, the sec should have known. unfortunately u.s. investors and in fact pension plans get caught holding the bag. jo. charles: yeah, that means our viewers get caught holding the bag. mitch, president trump took on china. he was dragged in the press being xenophobic. he wanted to curb to put safe guards for investors. wall street is putting money over american investors. how can we get greater accountability from folks who are supposed to be watching out for us? >> it's hard. let's remember that right before the world should down there was a signing zare more than any in the oval office for the phase one of a trad
we have mitch roschelle. get back to the didi news.id, you think people should be avoiding these chinese companies as well? >> i can't touch the numbers. didi for me is the tip of the iceberg. i think senator marco rubio said it best when he pointed out the sec lets chinese companies list here in the united states it funnels desperately needed cash right to beijing. certainly didi management knew about the issues with regulators, the sec should have known. unfortunately u.s. investors and...
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Jul 22, 2021
07/21
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stuart: and that gentleman on the right-hand side of the screen mitch roschelle, our resident real estate%. in fact, i was applauding, you just didn't hear me during your open there i'm doing the same thing. i'm selling stocks and buying another home. because if you look at it over time, housing in the right areas has outperformed the stock market in terms of wealth preservation. one thing for your audience. i completely agree with what you said about a 30 year fix rate mortgage, for most americans the single great wealth accumulate tore over their lifetime is 30-year mortgage. you have a nest egg for your future. i'm very, very bullish on housing. stuart: you always do informal survey for us amongst your real estate colleagues. are they telling you that there is any pullback in the astronomical price increases that we've seen in some markets? are they seeing any pullback there? >> i think what was happening, stuart, is, realtors trying to get listings would be very, very aggressive. sellers, somewhat ambivalent about selling, i will sell it if i can get x. what they're finding they could
stuart: and that gentleman on the right-hand side of the screen mitch roschelle, our resident real estate%. in fact, i was applauding, you just didn't hear me during your open there i'm doing the same thing. i'm selling stocks and buying another home. because if you look at it over time, housing in the right areas has outperformed the stock market in terms of wealth preservation. one thing for your audience. i completely agree with what you said about a 30 year fix rate mortgage, for most...
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jared he are i have back with us, mitch roschelle back with us -- jared levy. ies that are kind of in our corporate tax income of the woods but not with others like ireland that says, no way, they're not part of this. so where does this all lead us? >> ireland's not and i suspect china's not. listen, the devil's going to to be in the details where we're going to see companies start lobbying countries in trying to get carveouts for their business, for their operations. let's remember this, the s&p 500, 50% of the revenue of the s&p 500 from multinationals is earned outside the united states. so i think you've got 500 companies right there that are going to have something to say about it. and i do think if we raise the corporate tax rate in the united states to 28% and we're talking about a global min million of 15% -- minimum of 5%, i don't think -- 15%, i don't think that makes us competitive with the rest of the world. of we're going to lose a lot of jobs and opportunities because our tax rate is almost double the minimum. so i just don't see this working. it s
jared he are i have back with us, mitch roschelle back with us -- jared levy. ies that are kind of in our corporate tax income of the woods but not with others like ireland that says, no way, they're not part of this. so where does this all lead us? >> ireland's not and i suspect china's not. listen, the devil's going to to be in the details where we're going to see companies start lobbying countries in trying to get carveouts for their business, for their operations. let's remember this,...
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Jul 23, 2021
07/21
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mitch roschelle, macro trends advisors llc larry glass eras well the mayflower advisors manager partnerf the worries and i know as you reminded me many times, mitch, markets like to climb that wall of worry. we've got quite a wall, climb they do. exactly why? why is this happening? >> neil, just to be clear, that aside, i think what happened a week ago if we just go back a week, was the los angeles county shutting down, we're beginning to see delta variant numbers, and i think that was unexpected. the lockdown in los angeles was unexpected as the week went on we had great earnings from a lot of companies, and prospects that wispers that earnings will continue to be good, and we didn't see other states follow suit and lockdown and the consumer continued to do what the consumer does, which is spend all of that stimulus money that's floating around out there , and that's why the markets continuing to move forward. there are all of these things on horizons, fiscal cliff, potentially shutting down the government, grid lock and the like yet the market is ignoring it assuming that they will co
mitch roschelle, macro trends advisors llc larry glass eras well the mayflower advisors manager partnerf the worries and i know as you reminded me many times, mitch, markets like to climb that wall of worry. we've got quite a wall, climb they do. exactly why? why is this happening? >> neil, just to be clear, that aside, i think what happened a week ago if we just go back a week, was the los angeles county shutting down, we're beginning to see delta variant numbers, and i think that was...