What horizon did you with the among a range of Services Offered at the booking stage . So how does that affect the cost of travel . The, the American Economy is booming, inflation is down, the job market is strong and wages of rising. Yet many people in the us dont feel better off now that when joy buy them took office in 2021, americans are getting ready to cost a balance in november. The health of the us economy is vital to any president seeking re election. Well, by dint has avoided the recession, there was one major factor weighing heavily on consumers sentiment. The housing markets. Us housing prizes hit all time highs in december, high inflation and lack of supply of 2 key factors pushing up the cost of the same time. Mortgage rates of sold in 10 to 21. They averaged at less than 3 percent. Now they established around 7 percent. And this makes a big difference to household budgets. The mortgage on a typical home is 320000. 00. Paid back on the associate is by the 2021 res consumers were paying around 1500. 00. I am 60. 00 per month with someone buying the same house now would be paying 8800. 00 more. The increase as losely linked to federal Interest Rate policy, the fed heights rates in order to get inflation on the control. These are expected to begin coming down later in the year, but Mortgage Rates are unlikely to draw onto mesa, since by them cant do much about rates, he is hoping to bring down prices. Hell be trying to push measures through congress, aim to building more affordable housing. The 2024 us president ial election is expected to be a close contest between biden and his rival. Donald trump also focusing on super tuesday largest perceptions about the economy will be a key factor of wall street journal poll, found on the 31 percent of which is felt that had improved in the past 2 years. And a Financial Times poll found more americans believe donald trump will do a better job on the economy. Because of 19 pandemic is also a major factor affecting how many villages. Remember trump and bidens terms and office for transfer 3. Yes. Experts say the economy was performing well by many indicators, including g, d, p growth, employment of the stock market. But the out for it at the end of his term let to mass of job losses. And a short lived recession, bidens early, tenuous, so many of those jobs come back and growth with to. But much of that was due to the pandemic winding down and stimulus measures kicking in the rest of vitamins to him has seen steady job growth and no unemployment, but high inflation and high Interest Rates and created challenges for many households to which one is now from single is donnell, clint, please, the co founder of America Mortgage is great to see you next eclipse. So why is housing the most affordable in generations in the us . Yeah, so um, you know, theres been 15 years of low Interest Rates with low Interest Rates of those that have access to that has been able to enjoy the appreciation of most assets. That includes housing and you know, stocks and other asset classes. But the wealth of 5 people still feel generally unhappy because many of those individuals didnt get didnt have access to the funding. Um, as a general for effect, because there are other aspects of data. The lights that are very expensive, like health care, transportation costs, school fees and other, other items that, that you need on a daily basis. And if we focus again on housing, why . Uh, why is Housing Stock at near historic close . Yeah. Is it, there is a few factors. One is there is a historical high shortage of homes, anywhere between 3. 00 to 7000000. 00 homes. So you have a lot of homes and because of where the Interest Rates have been, especially last for years, theres been a rush to purchase these homes or refinance. And that is cause a home to go out. You know, theres limited supply. Theres a lot of demand and we dont actually see that, you know, slowing down anytime soon. So for those that own homes, its great because you feel richer on with, you know, yeah, in terms of the assets that you, you, you have. And you said that you dont see that changing soon, but what about present of job bidens measures to make housing more affordable . Ill be making Home Ownership more affordable may increase demand. But what about his measures to increase supply . Will that make any difference in the short to yeah, so you know, at the end of the day, um, hold as our, uh, public companies. And i also have private companies. Um, you know, they have a p and l to worry about and right now with where Interest Rates are, if i, if they were to release, even if they werent sent to vice due to various measures to uh, speed up the rolling of homes. If they roll them out and people cant afford to buy them anyway, then they have to make, you know, they have to manage their own, you know, and not just station time of incentive to actually building the home that takes a while. And i think its all good. I mean, you know, this, this type of shortage of homes is not sustainable. But it takes a while. It takes a while to digest, to, you know, do the economy. Okay. It takes a while, we do have a important and important connection coming up in november is the housing market. How much of an issue is that june elections . As i said, you know, it all plays into a mosaic of many different things, right . So its a feel good factor. Uh, you know, not being able to, to own a home that you live in is obviously, thats the american dream. But you know, the economy slowly re tools, maybe more people read it versus, oh, i think its less than you know, of the things that you actually use cash to pay it on a day to day basis. Really affects household. But you know, Interest Rates will come into play usually in elections, whether thats going to be used as a political tool, as you know for today. But the general welfare is not great. You know what ahead of the economy. This feels good about what asset prices are where you know, stocks and you want to know where to go is for example, and home prices. But those that havent been able to enjoy those benefits. Yeah. You know, obviously theyre not as happy. Sure. And you know, you mentioned Interest Rates, how likely is the Federal Reserve to go with them, especially with an election coming off. It doesnt want to be seen as taking sides. Does it to well, i mean, to say it is an independent body. Um, so you know, the way the economy is accelerating at the moment. Obviously theres no. Ready urge or need to lower res, immediately at this moment. So whether or not the use of the political, like i said, you know, thats up for debate. But right now, you know, economy is doing good by. Its we accelerating from a low base and you know, debatable recession that happened last year. But yeah, its definitely going to be talked about a lot more over the next few months. Yeah. And its interesting that you mentioned the economy is doing well. I mean america, the economics recovery has out before most of the world and yet only 37 percent of americans say they feel better off on divide. And then under trump 45 percent, say then not why is that the question, you know, you know, the way i look at it, um, you know, the economy or is, is a tale of 2 cities, right . You have one area where the real economy is. It wasnt great last year. And then the other hand, you have asset prices. So you have, you know, record by stops, you know, tripped was making, recognize the whole prices, you know, despite Interest Rates quadrupling, whole prices rose. So you have kind of a, these 22 types of situations happening. I think this year the economy is kind of catching up to where, um, you know, asset prices are, but, you know, like i said, there are other things besides, you know, is that, you know, individuals need to use cash on a day to day basis. So if im struggling to pay for, you know, my, you know, gasoline or the price of, you know, milk and eggs are high. And meanwhile, i see on every day that stops are recognized in video and a s a d, i feel like im being left out right or so. So i think theres a little bit of that. Theres definitely 2 sets of economies happening at the moment. But i think over time, you know, as people feel good about the prospects in place in society, you must feel good factor. I think things look 5, you okay for all that kind of feeling of being left behind. All right, and just a clip. Thank you. So much for breaking all of that down for us as donald clips of America Mortgage is joining us from singapore. Thank you. The, the top one percent and the worlds most powerful nations, and more than 18 trillion 1. 20 to get the super rich and many g. 20 countries pay a far smaller share of the income and taxes than the average worker. The good wants 1000000000 is to pay the 5th share, as is considering a global minimum tax on the well, it is being spit headed by current g 20. 00 president , brazil. Ahead of us summit and Rio De Janeiro later this year. Result, finance minister says International Cooperation is needed to prevent leads from evading their responsibilities. Matters to move, to quote you move on june to the world. Billionaires continue to evade our tax systems to a range of strategies. The tax observatory latest report on tax evasion showed the billing theres pain effective tax rate equivalent of between 00. 5 percent of their wealth. Colleagues, i sincerely wonder how we the g. 20 finance ministers allow a situation like this to continue to keep the to 20 has already had success. Imposing a minimum tax of 15 percent on multinational companies, economists say making 1000000000 as pay, they fish, it would provide a significant boost and revenue for governance. You said it was a modest tax rate just to process you to generate a lot of taxwise when you 250000000000. 00. In addition to tax revenue from just is 2 percent medium on tax. On video, theres about 3000 individuals with joining us now from oslo. Norway is elisa cassey at the hodge. Hes an assistant professor at the Norwegian School of economics. Great to see you. Especially why do 1000000000 is pay less of fish it and taxes than the average worker. And how much does that have to do with the fact that they are taxed on assets rather than income . Yeah, what for the 2 weeks . I mean, its reason why we just say a less taxes that were wanting to speak on is how the texting me design. So it should think on im trying it to be kind of in mind comes down for yeah. And progressed. Infestation between tax rates then high and low as high as 4045 percent. My their interest, you get the more your income. Not to all right. Good timing rogers. Okay. For example, you think about investment, public and private company, and just type on the copy that you did. Click on the fax and thats right, which you know. Right. Because because good. Yes, fantastic. And more of a light diamond or so. Yeah. Then that, that you meant the copy that specs when you realize. So you got investments except the property just have to do tax when you meet us or do you think or when you send your shows and you have capital k. So you cannot talk, but when you can companies, and thats where you are. Tech the tech station is being paid for it and its on the other side. Its always been a problem on for me. So tech, so 20 just me just go, how did you find the horseman especially did you find the border of the entries . Diction. I one part of the search that i want to ask you about the board as and part of the reason why 1000000000 has pay less taxes and the cost the use of off show tax havens. I know that youve been researching, you know how the introduction of a global system for the of mastic exchange of information on foreign Financial Assets has impacted tax evasion. Hasnt made a difference . What have you found . Yes, the. So i think that the introduction of the market is changing informational fashion and being that we need to use them because we needed to make a tech. So i was wanting to be able to come back to detect when you, me, but its just what you mean. What time the year can come in when abroad, and just come by and search for exams where we following that study me just reaction. What are induction around for . To find the youngest on r e Bank Deposits and so forth, back 7 show your keys is might not seem to be back to, to think. You know, so did you all kinds of things. So between the action and we know whats in front of the research. Oh, it seems to define of norway. Thats the money. Thats what all the physical pieces went back. Well. So that is the compliance, especially in connection to this. Okay. Okay. You said, can you because the pay back, however, i think that is the same as the genius and after thered be some big speech and the reach of being able to do you know why hes kind of warranty . So we have to follow. We see a relocation last and im not sure what the board and the state but those internal patients that com or the big. Okay. And so how the that, you know, is it, how significant is it then that the g 20 is proposing taxing the super rich . This is a, this is a, a very big and are giving you was. So those guys thought you just discussions and this is dr. Young here i yes, he might be an already a be sure we need some vision of that for him. And uh, i think it was a great time to start discussing it and i know that you. Yeah. And a lot, just lastly, you know, the 15 percent tax of multinational corporations has been a re bar around a 140. 00 countries. But how much more difficult is it to tax individuals who are more involved in multinational corporations . It would be very challenging. You could be, in my opinion, thats why i keep more challenging that way. All right is about is especially because and when you think about the whole website looking nothing wrong, you can text me easier than faxing was because by the way we have these things. I think very often things very hard for so i think im going to process them. So whats the current i the for sure. You see whats the current prize and 40 . I think when theyre noting transaction thats very challenging. So i think you would be very hard to find a common agreement that you think, i think are a mazda, depending on the country. So i think that wouldnt be a lot of changing on that. And our goal is to get it to you. When you read to us, especially in the region, we dont have a buy a to create ok, so hard to remove the pansies that will not take a lisa cassie ever had. Joining us from us. Lo, thank you very much for your time. Thank you so much. Let me know if you want to taste of how the top one percent live on some bond in front of indian building a location on bonnie recently hosted a lavish 3 day pre wedding celebration in the city of goods at the bollywood stalls performed on stage for more than 1000 guess, 100 ships what to prepare. 500 dishes celebrities and Corporate Leaders were among those in attendance. The price tag is believe to be more than a 100000000. 00. And that is for the pre wedding. The wedding itself is happening in the summer to the security of Energy Supplies was discussed in algeria at the gas explosion countries for on last week. They ask a Commission Names to become a critical supply to you, a p, a nation seeking to reduce de dependents on russian supply as a sign up and job aid off the Russian Energy minister. Nikolai. Surely, you know how his nation is closing with the host and deliveries to europe for you that you the, i mean, we promote the idea that the gas market is free and has no restriction here. That there are no collective purchases which europe is organizing at the moment. This is not the market approach. You have the most people who algeria exports, gas to your risk is the export policy. Because all african countries develop the export to support their economies. Regarding russia, as president said, if there are no gas deliveries to europe, the crane, we will live with that because weve been opening our exports in the east. The asia pacific countries, countries of global south east of us. We just because we also developed a domestic market increasing local gamification volumes to the russian regions. On the other hand, you cannot ignore the fact that the european refusal their attempts to stopping the loss channels of gas deliveries actually is playing against them. Because some countries depend on those gas deliveries, like central and southern europe. So i think a new solution will be found to us, but it will be the decision. No rush is the g. C, f has 70 percent of the reserves of natural gas, and oil leak produced is about 40 percent. So in going forward, what is the plan as of russia, as the gts . How are you going to boost global output . And is this a move towards teen a green Energy Circle to see what it is and youre in. But for the g, c, f percentage is very high globally in gas deliveries on the international market. As for the future, if we look forward, we understand that moving to green energy is a gradual process and well measured and replacing gas with the Renewables Wont happen soon. Because whats important is not to fight with fuel varieties, but to reduce the emissions. This is the actual task at hand. The rest is politics and its not predictable. The americans may stop granting licenses to l. N, g deliveries. Its all politics, some of the, i think the african countries including countries of Northern Africa who have lots reserves. The future lies not only in deliveries to europe, but they also have a chance to develop their own economies. Ameritron defense expo in doha is highlighting the expansion of the wills forces. Orders are on the rise as ministry 6 expand their inventories and equip themselves with the Cost Effective weapons and ships of proven designs. Allens good populace has more dix Maritime Defense expo held in context. Whos some of the biggest things in naples ship building . 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