Affordability Squeeze: Triple Shocks Keeps Prices High
Channel: Bloomberg Television
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Read a transcript preview of “Affordability Squeeze: Triple Shocks Keeps Prices High” from Bloomberg Television, uploaded on 2026-10-15.
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Language: English
[0:00] And I just want to get your thoughts kind of on a broad basis here about the
[0:02] degree to which we have economics here, mingling with politics.
[0:05] Of course, we listen to the president on the campaign trail talking a lot, as we
[0:09] heard just a few moments ago about energy prices and the prospect of them
[0:12] coming down. Maybe you could give us a dose of
[0:15] realism here about what indeed the president could do here over the next
[0:18] two weeks, if anything, or indeed after the midterms to get these prices down.
[0:22] How much of this is in case control? Well, probably can't do a lot in the
[0:27] next two weeks, I guess, David. But the point is, the inflation story as
[0:30] your piece out there hasn't gone away. Of course, it has retreated from the
[0:34] double digit or almost double digit gains during the pandemic era, but it
[0:38] remains high and persistent for people. In fact, it's been called a triple
[0:41] shock. You've got the impact of tari