Let's talk about the other convention happening and your money....
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Two things; The government *does not* control the economy and the stock market *is not* the economy.
I wish I could give you 7 or 8 thumbs up for that! So true, and so easy for folks to forget.
This has never been more true than it is now. Stock market returns have never affected ordinary people's day-to-day lives. And as more and more wealth gets concentrated at the top, market performance affects the rest of us less and less. Unlike the price increases and "efficiency" cuts that drive those gains.
People who own hundreds of dollars worth of red hats, have thousands in tattoo work done, collect tens of thousands in firearms and ammunition, and drive a $70,000 truck specially modified to waste even more fuel then complaining about how bad the economy sucks is peak idiocy
Don't forget those bunkers they build to hide underground when the SHF comes.
Excellent point.
I don’t fit any of those stereotypes (aren’t stereotypes bad?) I am a black man who voted for Hilary and Joe, but I simply voted for them because I was told I was supposed to, and voted on emotion. Not this time. Don’t make broad assumptions about who would vote for Trump because it’s easy to put people in a box.
I thought we had reached peak idiocy when Gorge W Bush took power. Things can always get worse if we fail to be vigilant or fail to act. It's why I canvass and vote.
Don't forget: that truck's flatbed has not a scratch on it. And not because it has a liner on it.
Democrats need to start pressuring house republicans for a budget now. When the shenanigans start, make sure the voters know who is responsible for disrupting the economy.
Republicans refused to fund the Affordable Connectivity Program, leaving large swaths of Americans without access to any media, now that TV isn't what it was when we were kids, and radio stations have been bought by Clear channel.....
YES!!
When was the last time that the republicans passed an actual budget and not just a continuing resolution?
They are too busy investigating Gov Walz, now 🤦🏼♀️🤦🏼♀️
I'm so old I remember when money didn't carry religious mottos.
Civil war for coins, 1954 for bills. You would not believe how many "Christians" have called me a liar when I told them that.
Me too !!! E Pluribus Unum 👏👏✌️
In god we trust, all others pay cash.
Same with the pledge of allegiance @@richardhouvener6423
Jesus saves
Who else loves it when trump makes financial doom predictions and ends up looking even dumber?
The economy is important but to me it's not as important as saving our democracy and reproductive rights. So even if trump is right and Harris will destroy the economy I will still vote for her. But I don't believe him, because I'm old enough to remember what the GOP has done to the economy in the past. And I remember who fixed it. It wasn't the republicanTs.
I'd rather vote for hope than hatred.
@@victoriajohnson-parratt6975 exactly
I'm very excited at the prospect of the reinstatement of the anti trust, anti monopoly regulations.
@@comfortablynumb9342 High friend. You original comment is 100% on target. Dem policies are good for the economy. The other side - not good for working people. Good only for the very wealthy.
@@tenofivelips That is sorely needed !
I'd rather have the current administration handle/negotiate our economic situation instead of Trump 💙
Drumph just wants everything to crash and burn.
If we let twump and his lackeys get their hands on the economy we will have a situation and a disaster, as they will definitely destroy the economy.
Biden / Harris / Walz failing will be much better than Trumpler and his Shady Lady succeeding.
Simp
@@donaldmrambojr5695 💯🎯 !
According to Claudia Sahm, "The Sahm rule is an empirical regularity. It’s not a proposition; it’s not a law of nature."
"I created the Sahm rule to send out stimulus checks automatically. The idea was to act fast to make the recession less severe and help families. The star was always the stimulus check, not the indicator that other people named after me."
Chairman Powell understands this, although the talking heads do not
The purpose of the "rule" is not to predict recessions, but to help the people most harmed by sudden changes in the unemployment rate.
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I suspect that they cannot imagine living from paycheck to paycheck, or not even have that.
@@angelikalindenau943 It is difficult for people who are privileged to have grown up being comfortable to understand what it means to put in a days work just to get children ready for school/daycare BEFORE going to work. Being poor with children is one of the biggest problems in America, but President Harris will help parents, while Trump will harm parents.
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@@angelikalindenau943I mostly agree with you, but what’s startling is how many of their supporters absolutely do live paycheck to paycheck. The problem is how many of them have been brainwashed into believing they’re only in that situation because of taxes, social programs, and undocumented immigrants.
@@angelikalindenau943 Not to mention that at least some of them would probably prefer to never send money to poor people at all, so drawing attention away from the stimulus checks by pretending it's all about the recession marker may not be an accident
I have never trusted Jerome Powell.
Thank you, Belle, for your calm, reasoned assessment. 💫
Harris for President and Thanks Belle
She will not make it.
@@Martytroutman1) You are a bot. 2) Kamala will easily beat Trump.
@@Martytroutman🙄🥱
I mean we’re talking about Trump so I am not holding my breath for “no irresponsible political rhetoric.” He has proven numerous times he is nothing but irresponsible.
If all you got is a hammer......
If his numbers keep going down and his rhetoric gets more and more insane, he will get less and less influence.
@@okkietrooy6841 oh is that how it works? Gee I did not know. I thought it was directly linked to whimsy and how quickly ice cream melts on a warm day.
Another great article Belle.
Thought that I couldn't love a person as much as I loved Beau on the Internet! I stand corrected! Salute you both🫡
Meeting Ms. Belle (online) just further cements my respect and awe of Mr. Beau.
Now THAT is a TEAM!!!!
❤❤❤
The graph of rich people's feelings we call the stock market has power in the same way Freddy Kreugar has power.
@@c.djinmyr Great comment !
I give this "comment" 100% out of a possible 100
This one is ❤, alright! 👍
The stock market isn't a graph of rich people's feelings it a bingo game run by gamblers betting on the numbers they think they have on their card before its been issued to them, operated by people who don't actually care about money because they already have too much and like to spend as much time as they can on a yacht, a beach, stoned, drunk or all of the above.
Graph of rich people's feelings! I love it
Thanks to the Crew and Belle for their reporting.🇺🇸
Thank you Belle
👋
Thanks, Belle and crew 😊.
Good afternoon i!
Hello people who love Beau & family!
@victoriajohnson-parratt6975 Good afternoon Victoria 😊.
Good afternoon yall.
@Erin-Thor Erin, good afternoon 😊!
Let's hope. I have no savings just debt. Same for most people I know
My children and I have no debt except my car loan at 3% and less than half the value of the vehicle. We all have credit cards paid off in full monthly (sometimes more frequently). You cannot imagine the freedom that brings. Work with everything you have to get there and find out how good it feels.
My only debt is a mortgage with a rate of 2.25%. I bought it in 2018 and refinanced in 2021. I have over $200k in equity.
I use credit cards a lot but never pay interest. I can make a few thousand in rewards every year and if I am careful I pay no interest.
If only I could pay my mortgage with a credit card and then pay that off the next day. That would be great. 😆
I know it will be extremely hard to do, but before you can push your "restart" button, you need to get your debt under control. If you're spending more than you're making every month, you will NEVER get ahead, NEVER achieve what a lot of Americans dream about, not worrying about paying their rent, saving up for a hefty downpayment on a home some day, paying off student loan debt, saving for retirement and if you have kids, for their future college educations (hopefully). DREAM BIG and go for it, but it takes a heck of a lot of determination, discipline, having to close your eyes and say NO to lots of things. There are people out there in government programs and local community programs who can help you set up a plan to follow to achieve your goals and cheer you on. Go for it and best wishes.
I'm in that boat too.
@@grimmschmidt38 CA has instituted a new class for high school seniors starting next year: money management. This should have been done in the 1970's...
Side 3 of the coin is that Trump has stated that as the new President, he is more qualified than Powell to run the Fed and should control it. Neither Powell nor anyone else will have a say in the Fed's operation if Trump is elected.
Also..... Early 80s.... I got 5½% interest in my skimpy savings account. And when I accrued enough, I could slide some into a CD and get 8%. The good ol' days.
1. Trump said the same thing the last time
2. When I graduated college, while at my first job, interest rates had spiked to over 25% and dragged savings and mortgage rates with it. When the rates came down thereafter, everyone refinanced their mortgage. The interest on your bank account is proportional to the fed interest rate, and usually trails Fed changes by only a few days. The flip side is the BORROWING rate, which counteracts the rate on savings accounts
Even better were the days in the sixties when you could get 5% on passbook savings, a 7% home loan, most of the coins in your pocket were 90% silver, and the dollars were pegged to gold at fixed rate. Silver came out of the coins around 1965 and the gold window closed in 1971. A new four bed, 2 and a half bath home was under 15k. but then a good wage was 6k. One paycheck could support a family of eight with no overtime and every weekend off, and two weeks of vacation. How I miss those days. Nixon closing the gold window led to double digit inflation per year for a decade compounding along the way. They needed that to screw up social security for the future and to steal retirement accounts and move folks to the new 401k individual accounts where the worker took the risks.
Mrs Belle, great job... this Canadian veteran is a big fan of the channel.
My savings account pays me so little already that I'd rather see lower interest rates on loans.
Exaclty. The folks screaming are the big money.
@@Allastrology That's because Rump lowered the Fed rate to zero, which gave big corporations free money (no carrying costs) so they could invest recklessly. It's funny how Republicans have no problem giving government welfare to billionaires, but don't want to give people the benefits for which they _paid_
Not realizing that when they cut the rate to prop up our failed dollar for the election. It will crash soon after. As it always has in the past.
Savings interest vs. inflation has been so bad for so long that I've never even used a savings account.
My savings account is currently paying around 4.6%.
Tip: never keep your savings in a brick-and-mortar bank.
Why does it seem like the media is always so much harder on and critical of Dem politicians? If Rump ties his shoes without help, they're all over him. If a Dem misspeaks a single word, they act like he's a goner.
I think you already know this. It's because they make more money when they slam anything positive. And these days, it seems to be ONLY Dems doing anything positive.
You are not mistaken-the MSM holds Democrats to a different standard. I noticed this in the 1970's--so I'm wondering if it was an attempt to prop up the Republicans after Watergate. They definitely went after Jimmy Carter, and the MSM has gone softer on the GOP. The end of the Fairness Doctrine in the late 1980's did not help.
Stock market, economy, inflation, price gouging, corporate greed, it's all linked and unfortunately only inflation , price gouging and corporate greed have any influence on my life.
Not entirely the economy has some impact as well, the problem is that way too many people think that the economy has something to do with the stock market.
It doesn't just make mortgages cheaper, it makes all loans cheaper (ie cars). Also it makes it easier for small businesses to expand so hiring starts creeping up.
We run it and they rule it. Its time for that script to flip!
Thank you Belle!!
This may be good news! I am hoping to buy a house next year! I keep praying 🙏 about it.
Good European evening everyone!
Howday from across the pond!
@@angelikalindenau943 Good evening to Europe
and all the ships at sea !
Good Aussie morning!
Whenever it is wherever you are, I hope it's a good time for you!
💙💯
I wish an even better time for you, our dear Victoria! 😉🍀🕓☯😊
Almost finished with the cleanup phase after the fire in Lahaina... Next, we're going to be milling the wood that we've stockpiled, from all the dead trees we removed.
You also Victoria.
@@TheSuzberryGood afternoon.
Well said, Belle. We need more than one soft landing this year.
Obviously they lied about a soft landing. Just like they have been caught lying about everything else in the past. Good luck!
@@Martytroutman
Well you're the professional....
WOW GIRL!! Beau must be proud as punch! VERY insightful!! DEEP even !!
Watched tfg's new conference for about three minutes; He read fom script; he had difficulty reading as he talked, wrestling with word pronunciations; appeared to display the reading ability of a fifth grader. Maybe one on the main reasons he spews the crap he does
🤞🌎✌️
Good evening Longhair!
TY Belle 💙
any person who was ever been to Jackson Hole, knows it is a place for rich snobs
And, I think, trout fisherpersons.
Former Fed Chairman Greenspan who was extremely neutral in all of his public statements had a framed New York Times (I think) front page with dueling headlines:
"Greenspan predicts rise"
"Fed Chairman predicts fall"
"Neutral" is one way to describe his public statements, but "vague" and "cryptic" are also words to describe the lack of information provided by Chairman Greenspan. It was nice when he finally admitted in his testimony after the housing/banking crash, that his opposition to regulation was wrong. He had been such an aggressive proponent of the deregulation that produced exactly what was expected - a huge crash.
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@@roguemedic That fate awaits all who still fall into the Ayn Rand fallacy. She has done serious damage to this nation ever since she arrived on these shores from Russia. It actually got worse after her death. Anyone over the age of 30 who has not grown out of that silliness is stunted.
Hell is stocking up on pineapples in anticipation of Alan Greenspan showing up soon.
Hi friendly 🐎 Belle 🐥 Peeps! 🇨🇦
Good afternoon lovely Crystal!
Good afternoon to you, Crystal ❣
Hello Crystal!
@@Erin-Thor Well, howdy thar Erin! Good to see ya!👋🤠🐎🍀🕓🔨⚒💫
Bonjour from Montreal
Hi Belle! I’ve been watching this channel for several years now and I just want to say thank you for taking over for Beau and doing such a great job! I miss him but you are wonderful so it makes his absence easier!
Thank you, Belle, for keeping us up to date on the less related news ❤
... first thought was 'dragoncon's later this month'...
Hello Everyone!
Good evening Jan!
Goodnight Jan! 💙😎🤠👋🏽
@@jannegrey593 Hi Jan 👋. Been thinking of you here lately. The scheduling change may have made it difficult for you to drop by in a timely fashion. :(
Belle, you just keep knocking the ball out of the park. Thanks for your excellent work.
Heading to Fiserve to see Harris and Walz today in Wisconsin! ON WISCONSIN! FORWARD!
Ummmm. The Democratic convention is in Chicago
Wisconsin backwards for kamala and democrats. Not very bright are you?
@kristinemisko2578 Campaign visit in Milwaukee. Harris is visiting different cities near Chicago each day. Most are last-minute invites for security purposes. You can contact your local State Democratic Party and pre-register for events. Then they text you if you pass security pre-screening for an invite.
@kristinemisko2578 Sorry, they didn't text me until 3 hours before the event. It's a pretty big crowd.
@@deanvaillancourt2881 my bad! I just saw that Harris & Walz will be at today Fiserv for a rally!
Hear, hear. Thanks, Belle
I'm considering the potential effects of policy changes on market growth as the election draws near. Election outcomes can impact industry performance, cause market volatility, and necessitate modifying your investing plan in light of shifting legislation.
Correct. Unemployment might rise and the economy could get tougher, but there are still good investment opportunities right now. My 120k portfolio grew by 70% over the last four months by investing in volatile sectors
How do you invest? I’m having trouble making a plan
I use market research tools, stay updated with financial news, and consult my financial advisor regularly. She helps me navigate the market.
How do you find an advisor?
There are many out there. Personally, I work with “Leah Foster Aldaman,”. She is well known
Thanks Belle! :) ♥
Thank you Ms. B. Good video.
Howdy Belle, Like Beau always says; "It is too early for the facts to be known so let's not speculate which will lead to fear" There may be nothing to fear, there may be everything to fear But we won't know until it happens. I live by that wisdom because in an upside down world, Beau is straight up.
💙
Jackson Hole.....largest concentration of millionaires & billionaires, per capita, in the US, and maybe the world.
Physical location is easily defended.
Probably a coincidence. 😊
Well hello again
Good afternoon Ankem!
@@victoriajohnson-parratt6975 Hi Victoria 👋😺
Hello AnKeM! 👋🏽
Hello AnKeM! 🤠
@@Erin-Thor Hi E-T 👋🤓greetings from an early morning over here
@@ankem4329 - past my bedtime here. 👋🏽😎
🌎🌎
Good afternoon Kevin!
Hey Kev!
@@victoriajohnson-parratt6975
👋🏻VJP
@@jannegrey593
👋🏻JN
So instead of Hello 👋🏽 World 🌎, it’s just 🌎+🌎 today? 🤔
😂😂😂😂 truth social will be worth nothing in 1 month when everyone sells the shares!
Perhaps once Rump loses the election, but not so much in a month. Remember that _most_ of those shareholders are MAGA people who believe Donvict is their savior who can do no wrong, and is the winningest candidate ever.
Savings accounts haven't "made money" in decades.
Not true, my savings account is paying higher than the rate of inflation and is twice my mortgage rate.
@nobodyimportant7804 /s ? if not sarcasm, pls do share where and how.
@@cap314 4.6% right now, it actually might be 4.75%
Look up high-yield savings accounts. Even when the rate drops they will still be significantly higher than brick-and-mortar scams.
They are federally insured. The only difference is you are limited to 5 withdrawals a month, but of course, a person shouldn't be taking money out that often.
imo
The meeting in Jackson Hole has the good of corporations and the wealthy, not the masses, as its purpose.
imo
Robber barons gonna rob. Reaganomics, squeezing the middle class and crushing the working class since 1981. So pervasive that few Democrats dare speak the truth.
I'm going to agree with that assessment! IMNSVHO!!! 😊
@@sophiabright8371 IMNSVHO?
Thank you Belle and Team.
Hey, Harris/Walz
Sago Belle thank you.
Good afternoon Crowfoot!
Thank you, Crowfoot!
People talked almost incessantly about inflation, and yes corporations will be corporations, dividends are the goal for stockholders.
Where does inflation begin? When you buy more "stuff" without checking to see if that purchase is absolutely necessary.
If we repair, instead of buying, it can reduce inflation, BUT it also cuts into consumerism and jobs created by that consumerism.
Plant your own yard in vegetables,you only have to pay for seeds or plant "starts" and likely some soil.
You should get some food that's not priced per pound, likely far less cost.
Bonus? Reduced carbon into the atmosphere, sequestered.
I am nursing tomato and pepper plants the Texas heat.
If I get a repeat of last year, fall was a bountiful harvest.
Also, learn to like beans. About 1,000,000 ways to cook them. 🍲
Nice Wyoming shirt! Sorry we're not in the news for something more constructive, though...
Forget the doom sayers. There either will be a rate cut or there won't. Get informed, not inflamed.
🐵🔔Thank you, Belle & Team!🔔🐵
Good afternoon good Donald!
Hi y'all
Good afternoon Tom!
Hello 👋🏽🤠 Favorite 🐥’s!
Howdy Tom! 😉👋☯🍀☮🤠😊
Howdy Tom.
@@victoriajohnson-parratt6975 Good afternoon to you Victoria !
I was just going to start the process of refi but I will wait.... THANK YOU!!!
Thanks
Thanks belle
Love you Ms. Beau! Keep up the good work!
Thank you Belle. 💙💙💙
“Me-cession” is trending in some news sources up here.
❤❤❤
Howdy, Belle and the team, keep up the good work. 👍👍
I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?
With $70k, I'd suggest a mix of index funds and a few individual stocks. Diversify and watch out to not get burnt out. Good luck!
DYI never ever shows you where the market is going. That's why you DCA in quality stocks on dips and invest for the long term. Most importantly consider financial advisory for informed buying and selling decisions.
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Hydrogen stocks have been beat down to levels seen 6-8 years ago.
Bravo! mind sharing details of your advisor please? my job doesn't permit me the time to analyze stocks myself
Thanks, Belle!
Love you, Belle!! 😆😆💙🌊💙💋💃🖖🎉🍹👵🐺🌵
Hey Ms. Belle and internet folks.
I've been to Jackson Hole. It's beautiful!
For a so-called "businessman," our donald is not exactly au fait when it comes to money and understanding of how economies work.
miss you beau! be well!!
I love what you have done so far Belle - BRAVO ! You have taken things over for Beau in magnificent fashion. Honestly, my belief as an MBA is that the soft landing has already happened and the the forthcoming interest rate drops are just the icing on the cake - especially if we have a Democratic win in the 2024 election. If we can manage to take the house and senate, then the sky is the limit for our economy... Lets hope that happens ! All my best to Beau !
there's something like that in sun valley idaho annually also.
The real economy is the side ways movement of money. The more money earned by the working class means more money spent and then the big corperations earn some revenue. Then they distribute the profits as dividend checks to shareholders. That is a trickle up fact.
And.....Another Superb Video!
We need to get a cardboard of Beau drinking that (whatever it is) for you to put those t-shirts on.
Thank you for the commentary, Belle.
💙💙🐴🐴
A random walk down wall street - nobody has a true line on where it goes on a monthly basis unless that line is illegal.
Anyone else remember the Jackson Hole Livestream years back? 😂
Bah! We don't even use money, we use currency issues by the national reserve..(that is why it says "Federal Reserve Note".) and it is unfortunately treated as any other commodity and because of that we have THE major cause of inflation. Greed is the other primary cause. Between the two of them "We the People" get munched! Unfortunately we do need a a body of law to keep it under control as the current laws just don't do the trick.
Trump predicted market crash same as now in his 2020 bid. Cats and Dogs living together told mayhem. It’s all gloom and doom without him according to him. 😂 One has to wonder how America made it this far with out him. Old basket case if you ask me.
Love from a Suris and Vaush fan!
Gold is doing the weirdest thing that I've seen since Nixon legalized it. I have no idea why. Maybe it's starting to rust.
Somebody told us wall st fell but we were so poor that we couldn't tell
Sense. TY Belle
💙🐪
Good evening Lumpy!
Afternoon Lumpy.
Good afternoon to you Lumpy! ✌
@@victoriajohnson-parratt6975hey Victoria! 😀
@@shawnr771howdy Shawn! gtsy
I saw interest rates on borrowing go up. I have seen no change in savings rates. Those are still 1/10 of 1% all over the place.
Hey Ms.Belle ✌️
Yup. I love Lina khan❤🔥🙌🏿. Huuuge advocate for consumers Kamala better keep her💪🏿💪🏿
Irresponsible behavior that would affect the market, like wealthy people and corporations doing so on purpose?
👋🔔🐥🐥
Good afternoon Alice!
@@victoriajohnson-parratt6975 and to you Victoria!
👌
Always check the bona fides of the talking heads. Fortunately, Belle checks out 👍
the market recovered except for trump media stock which is still dropping, now approaching $20
His “product” is one that very few people are interested in. Those who are interested in it are, well, on the back end of their lives.