Here s a former vice chair of the fed warning of an imminent recession. i think a recession is at this stage almost inevitable. and we also see uncertainty about oil pricess up and down, et cetera. and so, you know, as i ve said earlier, it s a witch s brew and the probability of a recession is i think recessioately very, very high. okay, recessions are bad, but let s be honest, asset prices have been completely disconnected from reality for some time. soven of course going to be a reset at a certain point. a lot of things areal over valued. the problem is whe the fundamentals seemm screwed up, fertilizer iss a fundamental you need it to eat and the price of fertilizer has reached record levels since biden took office. if this continues, people haves, trouble buying food and that is a problem. no administrationro seems to cae or even aware of this . now here s samantha power who worked for famously barack obamaa. she s now the administration s administrator for internal developmenton a
Recession. i think a recession is at this stage almost inevitable. wee also see uncertainty about oil prices up and down. so as i said earlier, it s a witch s brew. the probability of a recession is very high. tucker: okay. recessions are bad. let s be honest. asset prices have been away from reality. a lot of things are overvalued. the problem is when the fundamentals are screwed up. fundamentals what you need. if this continues, people will have trouble buying food that is a problem. the administration doesn t care. here s samantha power. she works for the biden administration for internal development.
Addressed before greece gets that money and i have to tell you, unemployment here already at 20%. wages are dropping. taxes are going higher and there are people who are very afraid for their future. just to give you a few analogies, we were at a jewelry shop this morning where people were coming in and trying to sell their gold jewelry to get cash to buy food including wedding bands and people with tears in their eyes, very sad. seeing soup kitchens popping up everywhere and one person told me that some children at his son s school have been fainting because they do not have enough food. their parents are out of work and don t have enough money to buy food so a very desperate situation, guys. that s awful. ashley live in greece. thank you very much. for a pensioner in that country, what the proposed cuts would look like is if you re getting $600 right now, they re going to reduce that to $460 so if you re having trouble buying food now, just wait. i wouldn t burn down a starbucks