Bank of America CEO Moynihan on the Economy, Recession Risks and Trade

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Bank of America CEO Moynihan on the Economy, Recession Risks and Trade 4
Aug.16 -- Bank of America Chief Executive Officer Brian Moynihan said this week’s bond-market turmoil has been driven by issues outside the U.S., and that recession risks are low in the country as consumer spending remains strong. He spoke to Bloomberg's David Westin in New York.

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💬 Comments on the video
Author

When these guys say everything is fine, it's not.

Author — John Gillin

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Let's all listen to the bankers again... What could go wrong?

Author — Spanky McTickleballs

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OF COURSE HE WOULD SAY ITS FINE!!! ITS HIS JOB!! Thats like asking the mall kiosks if their products work!

Author — M Allen

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I imagine this:
CEO wraps interview
Gets on plane
Leaves country.

Author — Mason Presley

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We are winning the war.

.Hitler 1945

Author — onceANexile

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Never trust a banker they know how to steal money legally

Author — LongDS

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The economy is great if your the top 10%. GDP means nothing to the poor and Middleclass.

ANDREW YANG FOR PRESIDENT 2020.

Freedom Dividen, Medicare for all, fight Climate change, end Citizens United and replace GDP with a measurement that shows average wages to the poverty level, homelessness, how the elderly are doing in retirement, education levels, mental health, healthcare, infrastructure ect.

Andrew Yang is the only Candidate talking about the real problems. Why Artificial intelligence and Automation will end jobs.

Author — Matthew Smith

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Don't trust a banker, they are responsible for the major problems in our economy

Author — raz ram

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"We are watching this tsunami coming and you are asking me which swimming suit to put on." - Christine Lagarde

Author — Hailo

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"US spends as much on health care as the entire GDP of India"

As if that is a good thing.

Author — mjl

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When a bank CEO says "Its fine" ....

Author — Ahmad A

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After Argentina default EU and Brexit next to default.

Author — Marek Kolenda

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Defaults on car loans are out to 90 days.

Author — portallatro

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This guy should stick his head in through his o ring and see if it fits... absolute everything he said is back ass words to real data... travel is down, restaurants are struggling to keep their doors open, car sales have plunged, credit card debt at nose bleed levels, average worker is making more... LYING DOUCHE BAG...

Author — Russell g

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Consumer spending, lol, you mean consumer debt.

Author — The Degenerate

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ECB gone cut interest rates and devalue currency Fed gone follow ECB.

Author — Marek Kolenda

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What a joke. Consumers are spending more through Credit cards and loans. It is like employment opportunity for Firemen is great because there are more and more arsonists. ...

Author — Arvind Kulkarni

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The "unemployment rate" only counts people who are collecting unemployment and are looking for work. Those who are disabled, and those who have not found work in 6 months and/or have GIVEN UP on finding work, are not counted. The true unemployment rate is closer to 7 or 8. The economy is doing great, but the people are not, and GDP and the stock market do not reflect the wellbeing of the people.
#Yang2020

Author — Tony VanDine

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Blah blah blah blah blah. Don’t pay attention to these people and all people with phony jobs

Author — AllBussss

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More and more people are being forced to live off credit, so of course a banker believes things are great. More and more credit being extended is good for him. But when people are falling into debt to meet living expenses, not to invest for greater future productivity, you’ve got a house of cards stacked higher than ever before in history.

Author — Conscious Crypto