"Odds Higher Than You Think" - Jamie Dimon Warns U.S. Economy Heading Towards STAGFLATION
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- เผยแพร่เมื่อ 24 พ.ค. 2024
- Speaking at the JPMorgan Global China Summit in Shanghai, Dimon said the worst outcome for the US economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.
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The United States as we know it is no more. All signs point to 2024 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Congrats. Your ability to control the whole risk profile of your investments and prevent irreversible capital loss will be your actual financial unlock. A plan must be in place to take advantage of opportunities to profit when they arise.
When you first start off, you should get advise from a fiduciary counsellor if you don't want to crash and burn. They adopt a profit-driven approach based on individual risk tolerance because their entire skill set is built on simultaneously trading long and short.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
Carol Vivian Constable 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 just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
With these uncertain economic conditions and heightened tensions, I think i'm ready for a more risky investment so I won't lose my savings to inflation. I'm considering investing over $200k in stocks. However, I'm uncertain about best strategies to use.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Speaking with an advisor helped me grow my portfolio to about 65% since January 2023, They have strategies that are specifically suited to your long-term objectives and financial aspirations.
Speaking with an advisor helped me grow my portfolio to about 65% since January 2023, They have strategies that are specifically suited to your long-term objectives and financial aspirations.
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
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.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds 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.
Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
Absolutely, 'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I can understand people being bearish with these conditions. However, it is not reasonable for most people to sit on the sidelines while your cash position debases by 10% or more per year..What is the best way for me to avoid inflation eating up my cash reserve of about 200k while investing it?
Inflation gives the illusion of growth. Investors should exercise caution with their exposure and exercise caution these period. See a market strategist with experience if you are unable to manage these market conditions
Don't be in a hurry to get in. The market needs several days of strong performance to signal that the downturn might be over; i think It's a time to be largely, if not entirely, in cash
The economy and stocks are two different things these days, but i agree, I think it's brilliant to have a portfolio advisor for investing! The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. I've turned 180k into $20k in quarterly dividends, a major milestone.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Sharon Lynne Hart* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
this is incredible! how can I vet your advisor if you please? definitely would love to make money from the market too, but a complete newb..
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky 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.
The current situation is incredibly dire for people in the United States and other countries. The global economy is facing a significant downturn, with increasing inflation rates and unemployment figures.
I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
was guided tho.Julia Hope Marble.. walked me through the ropes majestically i'ts my ultimate pleasure.
It's crucial to prepare our portfolios accordingly. Stagflation, characterized by stagnant economic growth and high inflation, can erode investment returns if not managed well.
Stagflation is particularly challenging because traditional strategies like investing in stocks or bonds may not perform well.
Well with inflation high and growth low, even cash holdings lose value over time. It's a tough situation for any portfolio.
Diversification is key here. Investing in assets like commodities, real estate, and inflation-protected securities (TIPS) can help hedge against inflation.
Precious metals like gold and silver are also considered safe havens during such economic periods.
The problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
We r already in stagflation...and have been for over 1 yr. Unemployment govt stats r a joke
The government inflation numbers are also a lie.
They don't count people who completely stopped looking for a job!
This is just inflation. It’s not stagflation.
@@stevenap4594why do you believe that the economy is going faster then inflation?
Those not looking for a job or no longer receiving unemployment benefits are not counted in the unemployment rate. Also, the majority of new jobs created have been part-time jobs for many months now. If I had to guess, I’d say the real unemployment rate is around 7% when counted correctly.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Is this a good time to buy stocks? I know everyone is saying we are in the bull market and all, but obviously there are strategies to maneuver when there is a bear market but these strategies doesn't come common to the average folk, I'm attempting to create a portfolio for me and my children that will at least be $900k in value.
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.
Speaking of financial stability, l've had the privilege of working closely with a highly experienced financial advisor who I met through My Research His expertise has been pivotal in helping me navigate the complexities of economic downturns.
Fascinating…. You mean you working with a CFA like NELSON MAYNARD FISHER that has been trending would be a best course of action?
I searched for Nelson Maynard Fisher and found his website. His expertise seems solid, and I decided to reach out.
It’s always good to have a fin-plan, I also work with a professional planner, multi-market and fixed-income strategist, the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio but will provide a legitimate income
Stop with the warnings, we’re already there.
No we're not, it's gonna get much worse.
@juliustaylor9920 of course, but stagflation is already here. They have gamed the stats to make it not look like we are not in it in how they count shit.
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $300K stock portfolio from decline is my main concern, but I don't really know which way to go.
It's not difficult, but you have to learn and handle. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
The very people who created this disaster have a lot of nerve. Unfortunately, it is the little people who are and will suffer because of their greed and stupidity. Same song, different day.
Biden masterplan, the fool !!
Soro’s steps down, Klaus stepping down, Dimon stepping down along with several other TBTF banking CEO’s…something is coming.
Yup
Yeah crypto and the fall of banking lol
Soros too? At Trumps' Bronx rally, there was a streamer along the bottom of the screen with various messaging. One was that Klaus Schwab had stepped down, but no mention of the others. Strange indeed 🤔
🎯🎯🎯🎯🎯
@@jjl499 Herp derp much?
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
And that would be a terrible situation that no one should root for.
It will happen if we stop QT and lower interest rates. we have printed more money than inflation so there is room for things to continue inflating. we need to reduce the money supply and the only way to do that is deflation.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and husband.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice but it may be wise to invest, as cash isn't ideal in this period. I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of over $900k after subsequent investments.
This is quite huge ! much more info needed please, what did you invest in?
Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Tobias Hawke program is widely available online..
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Tobias insights. It's akin to finding a diamond in a coal mine.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
This is gonna end much worse than people think
Everything does.
😂definitely
We been hearing this since 2020 though. When is it coming already?
@@user-wx1br9jp6u Better to be 4 years early than a day late🤷🏾♂
Keep moving the goal post back
What Dimon fails to acknowledge is that he has been complicit in all the failings of the US economy and policy.
How so? JPM didn’t partake in government bailouts. In fact, when the US Govt was struggling, it was JPM that helped them shore up the economy.
They took the largest bailout
@@sujitkamath7361source?
Make gas cheap, that makes EVERYTHING cheaper. This make inflation go lower and then we can begin to drop interest rates. Increase minimum wage, it has been too stagnant
Doubt that will happen. Prices are set by futures traders. Gas around me jumped about 45 cents a gallon yet oil prices are flat. Over the past year it's fluctuated between about $73 to $83 a barrel. Closed Friday at $77.
They can't, prices are goal. They told Ukraine to stop attacking Russian oil refineries. But now we have Russian insurrection doing the same
Western Economies are all based on Inexpensive Energy, which has been Petroleum for over 100 years. Trump proved it by opening the Spigots. The difficulty Now is the lag between when the spigots are reopened, & when Western Industry gets back up to speed
Even tho that’s part of inflation, that’s a small part, the problem is the government printing money.
"Make gas cheap" who does that and how can you manage that with a fiat currency
Credit card debt is at an all time high ,which means people are out of money 💰 .
GOLD is up 22% THIS YEAR!!!!!
Nvidia is up 100%.
Yea and it hasn’t moved for 20 years
@@billyracksbitcoin is digital gold...for now. Soon Xrp will be the standard.
Gold is dead
Regarding the crash, In Jan. 2023, no one predicted the 400 billion dollar bank bailout (mass liquidity). No one predicted the Congress would go insane with 'multi-trillion dollar projects. (ie, MORE liquidity)' Interest rates haven't declined because of these inflation driving liquidity dumps. There's no crash YET and Congress is adding $2.5 Trillion to the debt ANNUALLY. *Utterly unpayable*
The reason for that is because the US does not produce that much new money. Over decades the US has a very conservative money creation. 2.5 trillion is nothing for the US as a whole. It does cause internal market issues when dumped into the market all at the same time but they tend up to horde and drip it into the market.
It's not unpayable.
Just income tax alone generates 4T+ a year.
Every dollar just need to goes towards the debt.
Shrinking the government by %50 and sending the difference in spending towards the debt.
But obviously it will never happen.
@@mitchellterry4961
It is not unplayable. The vast majority of US national debt is not a promissory as most of it is an accounting exercise.
I am astonished at the number of stores that are now empty in the area I shop. By the way these are stores that have not been vacant since I have lived here.
The trillion seconds analogy is one I've heard before, and this is the only thing that keeps this whole thing together (people's lack of math reasoning).
It's an American thing.
People will say, "I was not good at Math", as if they are bragging....
It’s hearing shit like this that should make us all pessimistic about economics. Just lack of math interpretation 😂
Agreed on many points. The one thing we can be sure of is the fed note degradation. How do we know that? If you were paid an average salary in the 50's which was $3,400 + or - and wanted to be paid in one ounce gold coins, you would have received 92 or so gold ounces. If you wanted to be paid in today's average salary of say $36,000 + or - you would receive 22 one ounce gold coins. Let that sink in. The root of our problems and know one see's it
Sheesh, I never knew that. People are saying buy gold but can't see the forest for the trees. It's yo late to save the economy anyway. 🤷🏽♂️
@@juliustaylor9920 not too late to save yourself. Silver is the most undervalued asset on the planet. By far. Once in a multi-mellinia opportunity
Working very hard and still can not get ahead
That's how they want it. Under Trump i was making more money than I ever had and actually saved some money. That pissed them off and they had to punish us. Now we are back at zero. This is how they do it.
$99 hats is crazy work
It'd time to retire crazy work fam
For the first time I am just seeing the first signs that shot out at me just before the 2008 crash. We are in the construction industry. I think it’s coming in the next 6 months. All at a time when a gallon of orange juice cost $8.
It’s obvious to anyone who isn’t well off. By well off I mean net worth at least half a million or so.
Thanks for sharing your insights! I see it in retail sales. A lot of discounted prices to move products. Regular folks are hurting so something has tp give and that is a Recession!
Pats been saying the economy was going to collapse for the past 3 years. Even a broken clock is right twice a day.
And for that reason you dont think it will happen?
It will happen eventually but not as soon as people think. Catastrophe will probably strike within the next 100-200 years. I'm talking societal collapse. It may come sooner than that, who knows.
It has been collapsing for more than 3 years, you’re just too brain dead to acknowledge what is happening…you should have been using the time to prepare for what’s barreling down on us instead of walking around with your head up your patooti.
So the fact that the US dollar is failing isn't alarming to u? Prices going up isn't alarming? Countries would trade using the US dollar, now some countries are choosing to use their own currency or another, as long as it's not USD. The US has about 30 trillion dollars of debt, yet we're still giving money to Ukraine...and ur not alarmed? Trust me it's gonna hit hard when the walls come crashing down. Especially for the people who weren't prepared or expecting this
The national debt is growing by $1 Trillion every 100 days. This kind of government spending makes forecasting extremely difficult. One thing is certain. The current path is unsustainable. When the interest on the debt reaches a point where it overwhelms all other government spending, the collapse will be imminent. When exactly that is going to happen is uncertain but it will definitely happen in the next few years.
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
Wtf?? Gold is up 400 dollars an ounce in the last two months.
Stack Au Ag Cu/Zn Pb & $$
Only precious metals are REAL money ….
not money in the bank (fiat)
@@snowyowl6892....and crypto
Valuetainment, You're the best! I just had to subscribe!
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
Lol wtf? This is the most bottish comment I’ve ever read
@@runswithtrees6173😂😂😂😂 you already know. I thought the same thing!
I bought two red onions from Roche Bros
Two it was $5.02
What is going on?
I was never cheap but $5.02 really got me crying
Were you crying before or after you chopped the onions? 😆
@@micahwatson9017with or without onions, Brandon makes me cry. Let’s go Brandon!!
…. Starvation … genocide …
Hmmmmm
You're a dummy if you pay that much for two onions... you need to learn how to shop
Why do these people always hold a pen but don’t write shit down
Sold out already!
when are you guys goona upload in 4k man lol
It’s not the debt held by the individual that’s a risk it’s the total debt in the system that is the risk to the individual
You almost nailed it
Preach!!!!
This guy is something else, those caps worth 15 dollars he is selling them for 99 but he is adding value first by creating “limited editions” then creating hype with a bunch of eBay listing at over prices that absolutely no one would pay but he basically says buy mine at 99 now or your only way to get it later will be at 350 on eBay. On top of that he is saying if you support America, freedom, commerce ect THIS is the cap for you we support all that our brand supports all that.
I pity the fools who buy that but What a master class in advertising
We have to export more, and make exporting easier..
I dont see how „stagnation“ is considered a bad thing.
Producing same amount next year and still having the stuff from this year…..
(Not food but buiödings cars gurniture everything)
Constant geowth is a disease
Theres no „the economy“
Theres reality and capitalists and greed.
Those people make planned obsolescence and inferior quality and gast fashion
Al things we can all agree are not good for the average real person
What the hell are we going to export besides $$$?? LGBTQ people and obesity is all we got besides guns and bombs
💪🧡💯🤜💥🤛
That is a 2 sided transaction. Somebody has to want to import.
You export dollars 🤣
Clip that 10ish seconds about confidence at 3:20 ish. It is dead on.
Drives me nuts when people talk about the unemployment numbers being 4% etc because the figures have been inaccurate since the beginning of time - they're so dishonestly compiled and never portray an accurate picture.
Real Estate hasn't crashed because big companies are buying up everything for over cost! I see it where I live. They buy houses and will rent to most
None of these people "retire"
Good warnings
Hope for the best and plan for the worst. I have a generous faith and pragmatic expectations.
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
When I think of crypto. I think of China.
Of course crypto will crash again. The market will have a strong effect on it
Crypto is nothing. Just another speculated " asset".
@@shark_bonesbut it will bounce back and continue to strengthen the weaker the dollar gets.
Im a bryan callen fan and i liked him on the podcast, have him on more often. His intellect meshes well with this panel.
Hey Pat how can a regular person invest in BRIC'S for a backup plan???
Don't invest in brics. Just buy xrp and other cryptos for that are worth it.
@@juliustaylor9920xrp is garbage. Dudd might as well just burn his money. Go BTC all the way.
The inherent problem with predicting the collapse of the Western economies, is the governments insatiable need to print vast amounts of fiat currencies in order to Band-Aid economic woes,
All by design
It will collapse with inflation
@@kotenoklelu3471 Canada presently is in a massive housing bubble where there's lower house inventory and higher demand. Canada's interest rates went from 0.25 in 2022, too 5.0 today with the high amount of mortgage renewals ready to renew this spring and summer, we'll be able to see how much increased debt consumers can take on before the bubble bursts. Compiled this with extremely inflated cost of goods and food prices brought on by the industrial Carbon Tax. I use to think the same way that the economic math just won't let the economies crash but they, the government, literally keep kicking the can down the road by printing more currency. I guess we'll see either way!
Because they've moved on to crypto. I pray this crypto bill passes and doesn't get vetoed on Thursday. I've been heavily investing since last summer and it looks like it might pay off 🤞🏽
Great advice pbd. Confidence in your self to improve.
God bless
Of course Adam would vote for the establishment 🤣🤣🤣🤣
My brother (a Hilary/Biden voter) continues to tell me the economy is great, inflation is artificial, and unemployment is at all time lows
Glad someone said this- a flat market with higher inflation IS a crash.
Patrick- Military Grade isn’t a good term! Military grade is built by the lowest bidder 😂
So same thing that YOU were saying last year (see prior comments) after Jamie Dimon said there would be a “economic hurricane.”
Economy went on to grow 6 consecutive quarters and markets were up 26% last year. Why people don’t call these people out is beyond me.
People don't call it out because it would shed light on the situation. I mean why do u think they aren't reporting on the failure of the dollar in the news as much as they should? I feel like if the majority were in the know about America's financial situation, there would be riots
I can never find the link to the "entire podcast". The click here links do not shoe for me.
"Thank a Dem voter near you."
Really? The spending is bipartisan.
@@nate_8403most democrat states and cities are expensive, run down, easy on crime and flooded with illegals. Trump 2024!!!
This economy is gonna collapse regardless whose in office.
In April 2020 it was obvious USA is heading towards stagflation, but it’s not alone, all of us in developed countries go to a decade of stagflation.
At least this is my opinion since covid.
What are you talking about? Gold went up a lot.
Sounds like a situation that you must take advantage of.
Gold is up 20% in the last year, 80% over the last 5 years…
Isn't this stagflation old news... I'm glad you're all talking about it 2 years later.
It’s crazy how smart Brian is and he hangs out with Brendan
Be prepared for the unthinkable!
Damn, hats are sold out already… f me… I gotta get some earlier notice, those are sick, and being limited edition. Keeper! Good grab everyone! I’m jealous! 💯 much love PBD and crew✊🏼✊🏼✊🏼
any feed back for the UK ? or do we follow the USA ?
Jerome doesnt see the "stag or the flation" so yeah, theres stagflation coming
It’s called a melt up crash. Debt based economies do this at the end of life.
Thumbnail make me think that was Brian Callen
Bryan's been getting his nose jacked up in mma training too much, holy* that's almost mario and luigi size now!! But very informative ❤
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
How can I reach this person?
'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Holy shit, Adam was getting something right today!
No matter what happens our ability to adapt is what is most important.
Gold didn't go up!? It broke all time highs! What, does he think gold is going to perform like some sort of a baseball card or something? That's illogical.
Heading towards?…. We’ve been there for a year now.
Reverse market crash is something I used to think was movie fodder but it’s really possible
we have been in stageflation it started the day they restricted you to work we shut down and still have not returned those years mark the start of stagflation. no one had money in those days but things were cheap 5 cent & 10 cent vending machines bought your smokes in a vending machine
U-6 rate is around 7% (more accurate unemployment rate, still low though) and only 62% of adults in the U.S. are in the workforce. Both numbers are only as good as those people that are still checking in sort of saying. Real unemployment rate is probably more like around 11-15% and workforce is most likely lower too. We are in bad shape.
0:40 *low unemployment numbers mean nearly nothing because the number shrinks(by current law) automatically once unemployment benefits run out for an individual that had been eligible for them….*
It doesn’t take into account the fact that obviously unemployment benefits are temporary and there is no guarantee that the individual will be employed again by the time unemployment benefits run out….
This has been the way the figures work for literally at least 20 years now. I am only 31 but I know they existed back then in 2003 too
*the chances of being a new employee anywhere and making the same as you did at a job you worked for 15 years is another giant factor that was relevant to my family when Obama started giving a lot of our manufacturing away to Canada, Mexico and mainly chyna*
Why hasn't pbd talked about the icc arrest warrant thing yet
Prices paid are relative to the job market for most consumers. Some states have an inflation problem others dont. Inflation stats should be state based not a national average. Interest rates should be based on the state with the highest inflation rate not the average of all states.
I really think next week and on will be difficult with disappointing earning reports, polarized politics, illness, inflation (stagflation), job loss, and natural disasters. I hope I'm wrong, but all the signs are there.
pbd has been giving these warnings for the past 7 years yo
LMAO...glad somebody has caught on
The problem is no president can stop this. The reality is we need massive cuts to spending across all departments, and a rise in taxes
Housing didn't crash 3.7 million more people came in to the country, California/ New York rent prices don't come down, home prices stay put. Simple Supply and demand
PBD was impressed when Adam hit him with that 90% FT stat 🤣
God I hate the sneaky ads
I have only counted on my self to make my future iam 83 it's worked out standing so far philO
Yep he's right
The fact that an economic power house like China who exports more than they import are dumping dollars and trading with their own currencies should sound alarms in the US economy because it's not just China it's alot of countries
Government needs high inflation to keep the national debt in check. Stagflation would be the end of the dollar as the reserve currency.
I love people who claim they care and are fair then want to charge you $99.00 for a farking hat!!
Inflation? 🤷🏽♂️
Hard to have a Great Depression with so much money being printed.
Stagflation is WAY harder to have surface than you think. The main drivers of inflation during 1970 were the Equal Pay Act and the ability for women to take our credit cards in their own name. We had a demand pull inflation problem in the 70’s and it’s the same right now. The oil embargo didn’t help either but it wasn’t the CAUSE of massive amounts of inflation during the 70’s.
The Fed and policy makers thought raising women’s wages 335% from 1969 to 1975 then dropping them some fresh new revolving lines of credit would help drive more spending and in return, create more jobs. Instead, they created inflation.
Not to mention the savings rate was around 15% so people had a lot of money to burn. Today? It’s around 3%. This also made inflation a problem and pretty much everything you can think of is completely the opposite of the 70’s, except a war in Israel.
You can’t recreate yourself from a mlm it’s a top down business but you are right over all pat
I'm always hoping for a 50% haircut because that would make my future truly bright
In LA there are homeless people at almost every grocery store and gas station asking for money. We're already in the hard landing.