Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Varney: Economic Outlook Not as Rosy as It Seems

Details

  • Description

    FBN’s Stuart Varney argues the economy isn’t recovering.

  • Duration 5:55
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Fox those provided to -- apartment good morning -- -- I had to reprimand Robin -- because well they're just not funny -- management's yet they well that was funny.

That was formed yet it was a very funny but I had to drive them to that point so a besides making fun of view fuel page annual medical condition.

Is basically funny.

At high deficits and so we have we don't we have or what kind of triggered -- the -- the unemployment thing or not us next week water what.

Everything today nothing big today it's below a look it if you wanna talk about the economy -- is my headline.

I think Brett atoning point when everybody is saying always going so nicely with the recovery mode to a dolphin coming okay everything's fine.

I think not exactly the opposite but I think we're at a turning point where -- -- -- to head south.

Housing still in the back in the in the toilets factory output factory orders are down we're not spending as much money gas is going through the roof.

I don't think this is as rosy an outlook as some people would have you believe why other -- doesn't have to report or partial from the president her yes exactly right out exactly right the establishment media wants to re elect Barack Obama for a second to.

So any good news on the economy they'll play it ride up that.

A make out that 2% growth and eight point 3% -- employment is somehow a wonderful situation for America.

I think the opposite it's not.

No one of the reasons -- -- and a program while polarism that your on fox and things are more numbers or the because a few people don't live.

Knows much about.

-- -- do rumors have been column talking about just about to explain in the economy than your domain.

I mean I think Cavuto -- and announcement -- schline benevolent and if you wanna go to some letters of their sprawling if you don't well look thank you very much on assuming what I noticed soul you wonder do these group photographs.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- This former Goldman -- -- -- board called determined China's bitch out or you pay your car.

They're -- to give -- to -- the book.

If you election at.

Job publisher bedtime -- he's saying.

A session -- trump sells about.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- don't stop manipulating -- currency and jerking our chain.

The disapproves subscribed to that -- That -- not know -- I don't subscribe to auction because -- a huge problem with that you stop beating up on China.

And there is going to be a counter reaction to -- you do that got that about some leverage with a stated that doesn't say they don't they do -- leverage with but has stopped buying out debt and sell out.

-- you know they could do that kind of thing.

What -- gonna solo stuff there might prevent -- Electra did -- last thing you want is a trade war.

You don't want -- trade war would wanna go back to 193031.

That we at a trade war that led to a Great Depression you could have that happen again.

If you stop beating up on China look I think the Chinese are gonna -- themselves are -- I think China is a bubble I think -- a flat out that heading for some serious serious trouble Kia.

They've got massive.

Debts basically the to a to -- -- -- -- their government to who run companies that banks some of them on insolvent they've made.

Trillions of dollars worth of lousy loans and are gonna get the money back.

That terrified of inflation and there is inflation in China.

I think that had to have organized flexible they could be headed for a crash when I talk to carry to.

McFarland -- measures relish marginal.

Or in the locker -- -- -- -- very much at all to sell off she said well a target -- would comply because I subscribe but.

Just in my -- damn powerful thinking to what trumps of -- I think issued a sentiment.

It's -- -- just -- looked knock on offer were -- we're gonna or or we're gonna jump -- suffer or whatever our leverage revision.

As she serves.

That that would work to certain measures that would work because the there are they're in the process of creating a market and our own character traditional -- Bryant that is true now.

They have raised some in the region 300 million people from the past entry to the middle class style at a trying to encourage that middle class to expand and spend some money.

The try doing courage -- domestic market for the product -- which currently they sell to the rest of the world.

That they have gone through a process which has enriched -- people in a shorter time than any other country in human history.

I wouldn't wanna get in the way of -- -- and I don't think is at our expense.

I think that's an ongoing process and it is to be encouraged.

I just don't want.

Confrontational.

Politics confrontational.

Economic policy because you don't know what's gonna happen you open up pandora's box and heaven knows what their reaction to us and -- confrontation is going to be whose real danger that soldiers sort of reduce those -- session.

I don't think the economy isn't roses on what it now as a manager and it is sort of just how can you say that an economy that's only growing 2% to yeah.

-- unemployment rate of eight point 3%.

And accumulated deficit approaching sixteen trillion dollars how can you say that back is an economy that's looking -- Group brutal dobbs -- -- excellence act.

It's hard for analysis and figure is minus 400 companies coming out of dodge -- -- -- in central ninety's and I'm gonna -- this is now worked withdrawal minister until.

Load More