Sign up for an IRA with iTrust today using this link: itrust.capital/David Are you noticing a rise in small business shut-downs in your city? Comment below and don't forget to subscribe. FOLLOW THE KOBEISSI LETTER: Website: thekobeissiletter.com Twitter (@KobeissiLetter): twitter.com/KobeissiLetter Instagram (@kobeissiletter): instagram.com/kobeissiletter/ Facebook: facebook.com/KobeissiLetter TH-cam: www.youtube.com/@KobeissiLetter
I have been in retail real estate in Canada for the past 5 years. Industry: quick service restaurants. Since Feb 2024, I have been approached by multiple restaurant operators asking for help in getting the rent reduced. It has not been easy.
This is a very good guest who has a lot of common sense, which some guests don't have. But for more credibility, a link to the claim that 43% of small businesses did not pay their rent in full in April; should be provided
@@888strummer Thanks for watching. The article that was cited is from Bloomberg: www.bnnbloomberg.ca/us-small-business-rent-delinquencies-rise-to-a-three-year-high-1.2065864#:~:text=The%20Small%20Business%20Rent%20report,full%20due%20to%20economic%20headwinds. It's now also in the description.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Melissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The job number is manipulated. Full time job is down, part time up, does a person who have 2 jobs count double? Government is hiring private companies laid off. Average Joe is hurting
@@geocam2 For Decades America Has Hemmoranged Great Paying Manufacturing Jobs To Canada, Communist China Mexico At The Same Time Importing European Vehicles Japanese Vehicles Televisions Radios Electronics Shipping American Jobs To Communist China Importing 10s Of Millions Of 3rd World Legal And Illegal Immigrants America Was Transformed From A Solid Middle Class Manufacturing Economy To A Service Industry Economy. Years Ago Many American Families The Fathers Went To Work The Mother's Stayed Home Raised The Children Middle Class House Vacation 1 Time A Year And Still Saved Money For Retirement
@@geocam2 Millions Of American Adults Are Trying To Feed Their Families Housing Vehicle Insurance Fuel Maintenance On Service Industry Jobs That Were Meant For High school Kids Or College Kids Trying To Buy A Vehicle School Tuition
Even a bigger reason to sideline your money until everything corrects significantly. There is a reason WB is holding more cash than he ever has before. Great buy in opportunities coming I think. Waiting is the game.
The loss of full-time employment is way more critical. I think than most people realize. Many people without a full-time job will have either minimal health insurance, or no health insurance at all. This is going to squeeze both the medical system and bankrupt many of the people holding multiple part-time jobs. This will not play out well.
I own a nail salon and YES we are not making enough to pay rent these days, fortunately we have cash reserve to maintain our business for now. Many of our regular customers only come in every few months now - instead of every 2 to 3 weeks. Another thing I see is that nearly all customers are now using credit card instead of cash. If things don't improve soon I will have to sell my business... Good luck to all small business owners out there that are struggling....
Maybe try doing home visits? Close down your location and have a schedule posted online so customers can book in advance. Get ahead of the curve while you still have savings.
The cost of commercial rent is so high, it's hard to imagine how any small business can stay afloat. The next domino to fall will be the commercial landlords, then the banks
Actually, yes it is. At least it has been for decades. Why? Because we are the strongest country on earth. Prove me wrong. Biden's handlers are working on that. @eponaepona
I spoke with three senior consultants at three different recruitment agencies in the last few months and they all said we’re in a recession. The job market started slowing in Q4 2022 and has worsened considerably since Q3 2023. That’s a UK-based experience but the slowdown is global.
Not sure why you guys didn't mention the yen losing value correlating with the bond market selloff. We know that the Japanese are selling treasuries to buy the yen. The senior citizen debate argument sounds like a cover for that honestly.
People are working two jobs because they can't get a full time employment..... In order to get 40 hours a week you need to get two jobs - 20 hours each -to actually make the income of one full time job ....Its not a choice .... It's the only option you have when companies are not offering full time employment
Small and medium enterprises(SME) employ more people than large corporations of white collars. The "higher for longer " interest rates are killing them, adding to unemployment numbers. The greater issue is that the employees are highly income -vulnerable.
The Political Reserve will hold off on rate cuts because of what it signals until after the election. They're doing everything in their power to help Biden get reelected.
Yeah, I spect the market is artificially pumped up. Huge credit card debt and folk living check to check and barely making it. Food costs (and etc.) at outrageous levels. This frothy market doesn't make any sense.
The market has split. Wealthy people doing well everyone else suffers. It's harsh. I'm out here in an RV and it's brutal. I'm not poor but too many people are and barely hanging on. I'm blessed.
@@faithsrvtrip8768 it's simply the Treasury. 401ks are getting emptied. This media narrative of a split economy is peak gaslighting. Congrats you bought it.
I'm with you on that speculation. I believe the US Treasury keeps the market stimulated when any signs of negative pressure appears on the stock market.
@@prolific1518 - @14:00 into the interview I enjoy how the guest is trying to avoid at all cost saying, 'They are lying!' concerning the official employment 'statistics' we are being given. Our 'News Media' is adjusting statistics to support the agenda of the current administration in order to continue the mutually agreeable financial support they both receive. 'News' = 'Deception'.
What happens to the landlords when their tenants can't pay rent? Will the landlords go bankrupted not able to pay their bank loans? So both tenants and landlords simultaneously go bankrupted?
All market tops are made at new highs. Here comes to crash of the century. 35-85% job losses guaranteed with AGI, I work on this stuff. Cash will be king. The deflation of the century about to hit in all things starting with real estate.
90% pointing to huge correction now and fund "smart" managers telling we are positive on stocks ??? who will buy your AI ??? if whole World economy struggle. I think silly fund managers will be replace with silly AI -)
Inflation can go to 2% but it is over the dead bodies of the middle and lower classes. The economic life is bleeding out for everyone except financiers and government. This does not end well.
Add to that the number of full-time workers who have had their hours cut to the bare minimum. Remember too how companies, particularly the restaurant industry, shed full time workers for part-time help to avoid paying healthcare. This is not what a healthy, growing economy looks like.
Every month official data is revised down. People can tell from from daily experiences what is happening. "Experts" are in their own world only listening to one another.
And book stores, and stationary suppliers and air-conditioning techs. When the trades don't work, the whole economy gets stuffed including that realestate moguls who are stuck with properties that are either empty or behind of their rent and yet, these properties still have to be maintained and taxes still have to be paid.
Hi David, can u please ask your Guests why some businesses do really Great, large caps or even mega caps, but their Stock performance been dead for a long or so. examples: nike, abbot, cisco, etc, is it worth investing in this super huge companies with dead stock performances (
Unfortunately, when a small business owner, goes belly up The Owner and everybody he was paying with a 1099, which is traditional his family because he can’t afford to pay the payroll taxes that is required when you pay someone with a W-2 so the family members that were supporting the business by working pretty much for free, half the time and the owner do not qualify for unemployment and that is a huge hit financially for the family that have invested everything back into the business to keep it afloat their entire retirement money is in that business and now it’s gone; they’re completely wiped out.
The Fed perpetrated this crime behind the deceit of misnaming "inflation" the rising prices brought on by, first supply shocks (sanctions, lockdown, net-zero deindustrialization) and then by deposit deflation in the domestic real economy from higher borrowing costs, reduced borrowing and increased debt-payment burden on all variable interest rate loans outstanding. Yes, less buying, sales, revenue forces firms to raise price of units sold even as fewer units are selling in order to maintain locked-in fixed cost payments (e.g., rent) and rising input prices. POWELL HAS BEEN POURING GASOLINE ON HOUSEHOLDS AND SMALL BUSINESSES WITH THE LIE THAT EVERY ELITE BANKER KNOWS IS A LIE, THE HIGH INTEREST "FIGHTS RISING PRICES." Thank you for pointing out that the crime is continuing.
The problem started years ago by artificially low interest rates. - all this did was cause massive imbalances in the economy. Interest rates should never be lower that the real consumer inflation rate. The chickens are now coming home to roost.
@@iancormie9916 before the Fed. Res. Act the US has no interest. The rate was set between borrower and lender and you could shop around on both sides of the transaction. The Fed is a monopoly price setting scheme and the reserve requirement is a cartel profit distribution scheme.
David, "UPS to Close at Least 200 U.S. Locations in Automation Push" The parcel delivery giant's $9 billion "Network of the Future" initiative will involves 63 sortation sites with major automation projects. Source cited, MDM Distribution Intelligence.
Ive noticed your microphone has a tendency to modulate your voice. It’s making it sound extremely robotic like a skipping record or two recordings on top of each other. It makes it difficult to understand what you’re saying at some spots.
What happens when the Fed raises rates? 1: loans become harder to service 2: money flows to bond holders, who re-invest that into the best returns: real estate. This raises rents Can anyone guess why every. Single. Time. The fed raises rates we go into resession 6-24 months later??
Smallest amount of retail traders in 8 years. They didn’t get a bonus last year at the banks and they won’t get sh!t this year either. Fed ruined a whole investor class.
What data, the revised data of revised data of quantum revised data to the lower side? . The whole stats coming out either show the actual trouble or either are that mixed that provide confusion. Banks will go bust with only including the commercial real estate fiasco and the vacancy rates.
9:02 - he's clearly not paying attention to the housing market. The crash has already begun. Airbnb owners are selling because renting is not as profitable as other investments now. Builders are putting record numbers of homes on the market. Folks are selling their 3rd or 4th homes now because taxes and insurances are dramatically increasing. We have a record number of homes for sale, and because the rates are so high and the down-payment has increased, first-time buyers are unable to buy. The housing market is a mess. The next step is foreclosures and bks.
I've been spending money. Retired in 2018, a lifelong saver turning into a spender. However, there are only so many new toys and services (e.g., camera, laptop, landscaping), I will buy.
Saving was silly. Investing is smart. You clearly don't need the money. Others would spend it on food. Enjoy your retirement. You earned it. I mean that. Who'll inherit what you leave behind needs to be on your mind. A nice gesture to give them.
@@alphaomega1089 Thank you. My point was there is only so much a narrow, and getting narrower, portion of the population can do to prop up the economy.
@@rnish2958 Please understand not having a go. I take your thank you seriously. I understand there is so much you can store at home. I got 5 TVs, two game stations, and multiple phones. I try to renew my white and black goods yearly. You prop up the economy by investing and reaping the dividends given from the profits. Who needs you to be charitable? Even then, see it as an investment (you deserve that money back). You need protecting. A wise spender! We can waste it for you. Rather not. Who do you think helps us all? Invest it there!
Businesses are ran at their break even point . If you cannot pay your bills you are taking too much out of the profit. You need to quit robbing the till and take a cut in pay and lay people off.
' ! 💪 ! ' WE ' Re-Public Cans Stand Strong with Rights & Responsibility for Self & Others ' ! ' ! ❤️ ! " Responsibility Matters for ALL Lives " ! USA ! '
One need only look at payrole (tax) submitions to gage where the econmy stands. Jobs are irrelevant since some have 3 part time jobs that cumulatively pay a none living wage.
This guy being interviewed is talking BS. If the FED is in fact sticking to their goal of 2% inflation, and inflation has been slowly ticking back up after hitting 3%, that means a rate hike is required. Stop giving us political answers.
Sign up for an IRA with iTrust today using this link: itrust.capital/David
Are you noticing a rise in small business shut-downs in your city? Comment below and don't forget to subscribe.
FOLLOW THE KOBEISSI LETTER:
Website: thekobeissiletter.com
Twitter (@KobeissiLetter): twitter.com/KobeissiLetter
Instagram (@kobeissiletter): instagram.com/kobeissiletter/
Facebook: facebook.com/KobeissiLetter
TH-cam: www.youtube.com/@KobeissiLetter
David, how should your BTC perform during a recession?
LOL, MOST PEOPLE WORK REMOTE, WE DONT WORK FOR SOME COMPANY, MOST OF US WORK FOR OURSELVES. DYOR.
I have been in retail real estate in Canada for the past 5 years. Industry: quick service restaurants. Since Feb 2024, I have been approached by multiple restaurant operators asking for help in getting the rent reduced. It has not been easy.
This is a very good guest who has a lot of common sense, which some guests don't have. But for more credibility, a link to the claim that 43% of small businesses did not pay their rent in full in April; should be provided
@@888strummer Thanks for watching. The article that was cited is from Bloomberg: www.bnnbloomberg.ca/us-small-business-rent-delinquencies-rise-to-a-three-year-high-1.2065864#:~:text=The%20Small%20Business%20Rent%20report,full%20due%20to%20economic%20headwinds.
It's now also in the description.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Do you mind sharing info on the adviser who assisted you?
Melissa Elise Robinson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Wow, her track record looks really good from what I found online.i just searched her name and messaged her and I also scheduled a call with her
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.
The job number is manipulated. Full time job is down, part time up, does a person who have 2 jobs count double? Government is hiring private companies laid off. Average Joe is hurting
When It Is Deemed A Recession It Will Be A Depression When It Is Deemed A Depression It Will Be A Collapse
Read the book “When Money Meets History “ eye opening
@@geocam2 For Decades America Has Hemmoranged Great Paying Manufacturing Jobs To Canada, Communist China Mexico At The Same Time Importing European Vehicles Japanese Vehicles Televisions Radios Electronics Shipping American Jobs To Communist China Importing 10s Of Millions Of 3rd World Legal And Illegal Immigrants America Was Transformed From A Solid Middle Class Manufacturing Economy To A Service Industry Economy.
Years Ago Many American Families The Fathers Went To Work The Mother's Stayed Home Raised The Children Middle Class House Vacation 1 Time A Year And Still Saved Money For Retirement
@@geocam2 Millions Of American Adults Are Trying To Feed Their Families Housing Vehicle Insurance Fuel Maintenance On Service Industry Jobs That Were Meant For High school Kids Or College Kids Trying To Buy A Vehicle School Tuition
@@geocam2 Inflation Is Rising Faster Than American Workers Pay Checks
@@geocam2 Millions Of Americans Working Full Time Jobs And Have Children They qualify For Food Stamps Subsidized Healthcare 50% Divorce Rates
The stock market has finally reached Ponzi Scheme status.
Bingo
So has th dollar! Lol
Even a bigger reason to sideline your money until everything corrects significantly. There is a reason WB is holding more cash than he ever has before. Great buy in opportunities coming I think. Waiting is the game.
Only the stock market?
Have you tried to buy a house or bitcoin? Tried insurance?
The economy is just a reflection of the money, not vice versa.
Always has been. Politicians turned a blind eye because they benefited from it and inside trading. Hold them all accountable.
I'm the Controller for a midsized manufacturing company, trust me when I say we're barely scraping by......
The loss of full-time employment is way more critical. I think than most people realize. Many people without a full-time job will have either minimal health insurance, or no health insurance at all. This is going to squeeze both the medical system and bankrupt many of the people holding multiple part-time jobs. This will not play out well.
I own a nail salon and YES we are not making enough to pay rent these days, fortunately we have cash reserve to maintain our business for now. Many of our regular customers only come in every few months now - instead of every 2 to 3 weeks. Another thing I see is that nearly all customers are now using credit card instead of cash. If things don't improve soon I will have to sell my business... Good luck to all small business owners out there that are struggling....
Best of luck to you
Sell now, you will have to lower your price if business slow down even more
Or change your business structure and lower your expenses.
Maybe try doing home visits? Close down your location and have a schedule posted online so customers can book in advance. Get ahead of the curve while you still have savings.
Best to get out while you have cash. The rent and overhead eat it away.
They want all small to medium businesses, farmers and manufacturers so huge corporations own everything
Small hats want to kill small business.
@@woodendoors9532 What you know about them small hats lol
The cost of commercial rent is so high, it's hard to imagine how any small business can stay afloat. The next domino to fall will be the commercial landlords, then the banks
Small business owners are not employees so they cannot file for unemployment if the business goes under.
Wall Street has no idea what Main Street is.
It is getting ridiculous the extent to which the whole economy is staged 😂
@geocam2 don't jump to conclusions. I'm not American and I am not thinking American economy. Center of the universe is not in America
Actually, yes it is. At least it has been for decades. Why? Because we are the strongest country on earth. Prove me wrong. Biden's handlers are working on that. @eponaepona
There were lots of analysts calling the market strong and unstoppable in 1929
This dumbass kid pulled out 1929 haahahaaahha
If businesses can't pay rent that's only proof of the overpriced real estate, not of a recession.
If they can't pay rent then they can't pay wages without cutting staff hence climbing unemployment rates and a oncoming recession.
Small business is exactly what corporate America wants to fail . This way they have complete control.
@@geocam2 never heard of economies of scale?
What you think the whole cv 19 was about. Close small businesses but it's 1000 people in Walmart up the street. Yeah it's for your health alright lol
I spoke with three senior consultants at three different recruitment agencies in the last few months and they all said we’re in a recession. The job market started slowing in Q4 2022 and has worsened considerably since Q3 2023. That’s a UK-based experience but the slowdown is global.
China is already in a depression, they are the engine if global growth
Assets have NOT gone up in value David. Assets are assets. The dollar has depreciated.
Where is inflation going down...I'm waiting. 😮
His numbers told him so
Guest says there is a disconnect between the data and reality and I agree. Yet he keeps quoting the data. People please.
And he's long the market lol
EXACTLY. He's a toolbag.
@@adamc2320he's not long, he's playing equities trend, which is up. Likely until October/November
I'd argue, equity is not rising. That it's a very consolidated bubble. The lack of expansion is what worries me about equities
Not sure why you guys didn't mention the yen losing value correlating with the bond market selloff. We know that the Japanese are selling treasuries to buy the yen. The senior citizen debate argument sounds like a cover for that honestly.
People are working two jobs because they can't get a full time employment..... In order to get 40 hours a week you need to get two jobs - 20 hours each -to actually make the income of one full time job ....Its not a choice .... It's the only option you have when companies are not offering full time employment
If you would just turn the TV on you would find out that we have the best economy ever
YES ! ! Just turn on our 'News' . . . . errrr . . . . 'Deception Media' !
Every day two great interviews! Wow! 👍👍👍
Small and medium enterprises(SME) employ more people than large corporations of white collars. The "higher for longer " interest rates are killing them, adding to unemployment numbers. The greater issue is that the employees are highly income -vulnerable.
good luck trying to sell your portfolio once it starts . . . riding the last of this up could cost you everything
Thy economic collapse is starting to gain speed. Job segment is snowballing. A rate cut isn't going to help. Too late. Thanks feds.
The Political Reserve will hold off on rate cuts because of what it signals until after the election. They're doing everything in their power to help Biden get reelected.
lol
Why are you blaming the Fed for consumer behavior and government unlimited printing. We deserve what we are about to get.
@@charlespatton4470 Because he's another dumb citizen who just wants to point a finger, just is too stupid to know who to correctly point it at.
@@charlespatton4470 FED kept rates at 0 for a decade, fk fed
Hooters is closing up shop soon. Guys can't even afford wings and sights smh
Yeah, I spect the market is artificially pumped up. Huge credit card debt and folk living check to check and barely making it. Food costs (and etc.) at outrageous levels. This frothy market doesn't make any sense.
The market has split. Wealthy people doing well everyone else suffers. It's harsh. I'm out here in an RV and it's brutal. I'm not poor but too many people are and barely hanging on. I'm blessed.
@@faithsrvtrip8768 it's simply the Treasury. 401ks are getting emptied. This media narrative of a split economy is peak gaslighting. Congrats you bought it.
I'm with you on that speculation. I believe the US Treasury keeps the market stimulated when any signs of negative pressure appears on the stock market.
@@prolific1518 - @14:00 into the interview I enjoy how the guest is trying to avoid at all cost saying, 'They are lying!' concerning the official employment 'statistics' we are being given.
Our 'News Media' is adjusting statistics to support the agenda of the current administration in order to continue the mutually agreeable financial support they both receive. 'News' = 'Deception'.
Lots of debt in a debt based economy makes things frothy. What doesn’t make sense?
What happens to the landlords when their tenants can't pay rent? Will the landlords go bankrupted not able to pay their bank loans? So both tenants and landlords simultaneously go bankrupted?
All market tops are made at new highs. Here comes to crash of the century. 35-85% job losses guaranteed with AGI, I work on this stuff. Cash will be king. The deflation of the century about to hit in all things starting with real estate.
Good interview
90% pointing to huge correction now and fund "smart" managers telling we are positive on stocks ??? who will buy your AI ??? if whole World economy struggle. I think silly fund managers will be replace with silly AI -)
Inflation can go to 2% but it is over the dead bodies of the middle and lower classes. The economic life is bleeding out for everyone except financiers and government. This does not end well.
Add to that the number of full-time workers who have had their hours cut to the bare minimum. Remember too how companies, particularly the restaurant industry, shed full time workers for part-time help to avoid paying healthcare. This is not what a healthy, growing economy looks like.
"43% Of Businesses Can’t Pay Rent" - would love to get the source of that!
I WOULDNT BE ABLE TO. luckily i paid off the property in time
Every month official data is revised down. People can tell from from daily experiences what is happening. "Experts" are in their own world only listening to one another.
Economists are in the business of writing papers for other economists
@@moneyobsessed Very, very valid observation.
Experts in fuckery
Software rent is a killer
If your currency inflates by 30% the value of everything is now 30% higher or you lost money.
The rent is too dang high!
The small businesses are 80 % liquor stores gun stores mechanics and strip clubs and restaurants 😂😂😂😂😂😂😂😢😢😢
And book stores, and stationary suppliers and air-conditioning techs.
When the trades don't work, the whole economy gets stuffed including that realestate moguls who are stuck with properties that are either empty or behind of their rent and yet, these properties still have to be maintained and taxes still have to be paid.
Fine guest! Heading for a hard landing..
"May added 277k jobs." When will you stop trusting the Establishment survey? It is revised every time, multiple times.
Looks like the speech therapists have already gone under.
I love it,, wait till we are in the middle of a resession to admit we are in one.
Hi David, can u please ask your Guests why some businesses do really Great, large caps or even mega caps, but their Stock performance been dead for a long or so.
examples: nike, abbot, cisco, etc, is it worth investing in this super huge companies with dead stock performances (
If half of US can't pay rent, I say we're broke, bankrupt, not depressed!!!
One of your clearest, most straightforward and insightful guests.
We are in a recession: remove government spending gdp is severely negative
What should I do with this useless information?
It's like saying "We are in a recession. Remove consumer spending and GDP is severely negative."
The biggest employer is the Federal Government,we are in a deppression
How you gonna be bullish S&P, and also bullish DXY to 110 😂
David, how should your BTC perform during a recession?
It’s a risk asset that people will liquidate to pay debts. It will go down just like stocks and real estate will in a recession.
@@tonyh1345 So RE is a risk asset?
@@issenvan1050 absolutely
Thanks Adam for your analysis of the markets. Some acoustic tiles on your bathroom wall will do wonders for your audio 😁
Sure, but what percentage of businesses are considered small businesses?
45%
@@802Leith That's the percentage of GDP that small businesses create. I believe over 80% of businesses have less than 50 employees.
Google says closer to 90%. That is quite alarming!!!!!
I assume that 43% figure does not include CMBS loans? Each borrower is technically a business, but they collect rent, not pay rent...
Unfortunately, when a small business owner, goes belly up The Owner and everybody he was paying with a 1099, which is traditional his family because he can’t afford to pay the payroll taxes that is required when you pay someone with a W-2 so the family members that were supporting the business by working pretty much for free, half the time and the owner do not qualify for unemployment and that is a huge hit financially for the family that have invested everything back into the business to keep it afloat their entire retirement money is in that business and now it’s gone; they’re completely wiped out.
The Fed perpetrated this crime behind the deceit of misnaming "inflation" the rising prices brought on by, first supply shocks (sanctions, lockdown, net-zero deindustrialization) and then by deposit deflation in the domestic real economy from higher borrowing costs, reduced borrowing and increased debt-payment burden on all variable interest rate loans outstanding. Yes, less buying, sales, revenue forces firms to raise price of units sold even as fewer units are selling in order to maintain locked-in fixed cost payments (e.g., rent) and rising input prices. POWELL HAS BEEN POURING GASOLINE ON HOUSEHOLDS AND SMALL BUSINESSES WITH THE LIE THAT EVERY ELITE BANKER KNOWS IS A LIE, THE HIGH INTEREST "FIGHTS RISING PRICES." Thank you for pointing out that the crime is continuing.
The problem started years ago by artificially low interest rates. - all this did was cause massive imbalances in the economy.
Interest rates should never be lower that the real consumer inflation rate.
The chickens are now coming home to roost.
@@iancormie9916 before the Fed. Res. Act the US has no interest. The rate was set between borrower and lender and you could shop around on both sides of the transaction. The Fed is a monopoly price setting scheme and the reserve requirement is a cartel profit distribution scheme.
We’re the cleanest dirty shirt. But we can’t cut rates because we’ve printed so much money
Target has problems with their sales that are not economy related.
The US is a grasshopper looking for a Mack Truck.
David, "UPS to Close at Least 200 U.S. Locations in Automation Push"
The parcel delivery giant's $9 billion "Network of the Future" initiative will involves 63 sortation sites with major automation projects.
Source cited, MDM Distribution Intelligence.
This channel seems to bring bearish people. When will any of tneir predictions come to fruition? Been following David Lin since Kitko
😢😢😢
The downfall of Wall Street.
The big question is whether there will be sufficient demand for Treasuries as the issuance increases.
Not all businesses pay rent. Many own the premises they operate from.
Ive noticed your microphone has a tendency to modulate your voice. It’s making it sound extremely robotic like a skipping record or two recordings on top of each other. It makes it difficult to understand what you’re saying at some spots.
We are screwed
What happens when the Fed raises rates?
1: loans become harder to service
2: money flows to bond holders, who re-invest that into the best returns: real estate. This raises rents
Can anyone guess why every. Single. Time. The fed raises rates we go into resession 6-24 months later??
Market has no idea... blasting so hard its ungodly..
If they dont start cuting by September im getting nervous for the economy.. clearly getting weak right now imo..
Fed , risk losing credibility
This bloke works for a bank ?
Who owns the newsletter ?
An excellent insightful guest speaker - thank you.
Phenomenal interview
The US uses subjective rental prices in factoring inflation data while Realpage is propping it up with price fixing, we're already in Deflation
The US must stop spending money on wars but help their businesses instead. Such a corrupt government. 😮
That 43% number is BS.
Never got passed GFC. It just kept evolving.
Smallest amount of retail traders in 8 years. They didn’t get a bonus last year at the banks and they won’t get sh!t this year either. Fed ruined a whole investor class.
What data, the revised data of revised data of quantum revised data to the lower side? . The whole stats coming out either show the actual trouble or either are that mixed that provide confusion. Banks will go bust with only including the commercial real estate fiasco and the vacancy rates.
No worries 👍. The government will turn on the printing press. 😳
Print baby print
Great Econ stat noted by by Adam re the US 36 ma Unemployment rate being crossed!
9:02 - he's clearly not paying attention to the housing market. The crash has already begun. Airbnb owners are selling because renting is not as profitable as other investments now. Builders are putting record numbers of homes on the market. Folks are selling their 3rd or 4th homes now because taxes and insurances are dramatically increasing. We have a record number of homes for sale, and because the rates are so high and the down-payment has increased, first-time buyers are unable to buy. The housing market is a mess. The next step is foreclosures and bks.
I've been spending money. Retired in 2018, a lifelong saver turning into a spender. However, there are only so many new toys and services (e.g., camera, laptop, landscaping), I will buy.
Saving was silly. Investing is smart. You clearly don't need the money. Others would spend it on food. Enjoy your retirement. You earned it. I mean that. Who'll inherit what you leave behind needs to be on your mind. A nice gesture to give them.
@@alphaomega1089 Thank you. My point was there is only so much a narrow, and getting narrower, portion of the population can do to prop up the economy.
@@rnish2958 you'll be back working soon
@@rnish2958 Please understand not having a go. I take your thank you seriously. I understand there is so much you can store at home. I got 5 TVs, two game stations, and multiple phones. I try to renew my white and black goods yearly. You prop up the economy by investing and reaping the dividends given from the profits. Who needs you to be charitable? Even then, see it as an investment (you deserve that money back). You need protecting. A wise spender! We can waste it for you. Rather not. Who do you think helps us all? Invest it there!
Store in Bitcoin
Bitcoin going down down down 😅
BTC down to $58K as I write this on 7/3/24 at 8:30 MST
@faithsrvtrip8768 the btc fan boys ate so feral.. they deserve for btc to keep going down.
@@userjoe4321 US stock market would be doing the same if the Treasury wasn't active buying
@@prolific1518 the stock market and btc will roll over together - big time!
It's expected. We buy the dip. 🎉
Businesses are ran at their break even point . If you cannot pay your bills you are taking too much out of the profit.
You need to quit robbing the till and take a cut in pay and lay people off.
4:25 mkt volatility btw July and Nov during election year
' ! 💪 ! ' WE ' Re-Public Cans Stand Strong with Rights & Responsibility for Self & Others ' ! ' ! ❤️ ! " Responsibility Matters for ALL Lives " ! USA ! '
I mean why do all of your interviews seem very hyperbolic…..?
What part of the interview was hyperbolic?
That really is to bad, because im going to need more money if i ever join the workforce again lmao 🤣
One need only look at payrole (tax) submitions to gage where the econmy stands.
Jobs are irrelevant since some have 3 part time jobs that cumulatively pay a none living wage.
Answer this. Why are the markets going up if we are in so much trouble?
Look no further than M2 Money Supply. Fed is the Market. Reverse REPO is still in effect. That may change shortly.
Greed
The Treasury has the largest pocketbook in the world and its daily activity in the market is without oversight.
Because they still printing
Said every analyst in 1999, 2007.
That's insane 😮
This guy being interviewed is talking BS. If the FED is in fact sticking to their goal of 2% inflation, and inflation has been slowly ticking back up after hitting 3%, that means a rate hike is required. Stop giving us political answers.
Way too many commercials🤨
Use Brave, zero commercials
I’ve been hearing rate cute for three years.