The Shocking Data On Why Inflation Remains So High | Eric Pachman
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG.
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Bancreek’s CPI tool: www.bancreek.com/p/checking-t...
Bancreek’s PCE tool: www.bancreek.com/p/april-2024...
Bancreek’s labor market tree map: www.bancreek.com/p/us-employm...
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Timestamps:
00:00 Introduction
00:57 The U.S. Labor Market
03:57 Tree Map Of Where New U.S. Jobs Are Being Created (It's A LOT In Healthcare and Government Sector)
19:50 VanEck Ad
23:17 The Growth In U.S. Government Jobs
28:39 U.S. Healthcare Industry Is Incentivized For High Prices And High Job Growth Is A Consequence
45:00 Homebuilding, Oil & Gas, and Retail
52:11 Inflation Masterclass: Differences Between CPI & PCE
01:11:35 Healthcare in PCE & CPI
01:28:46 With Housing Inflation Where It Is, It Is Nearly Statistically Impossible For Inflation To Be At Or Below The Fed's Target of 2%
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. - บันเทิง
Forward Guidance is sponsored by Van Eck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG
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I've been consulting with Eric Paul Elmer.He specialize in high-end investments and have provided me with valuable insights into market trends, potential appreciation, and even tips on maintenance to preserve the investments value.
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I did the same, so you should have me on as a guest.
This is a super important concept and conversation to understand. Kudos to Eric and Jack for going over this amazing data visualization. An episode like this should get a million views!
This was an exceptional episode. The guest presents unusually insightful and useful info. Bravo and thanks to Mr. Pachman on his research, and thanks Jack for bringing to our attention
“Management consulting” = swapping W2 employees for 1099 humanoids
Underscores how ridiculous healthcare inflation has become.
Tru dat
Consultants are former full time employees. Corporations don’t want to keep them full time so they were forced to become consultants one can dispose of easily.
AI is going to drill straight into the Healthcare space. Not nursing but basically all of diagnostics and radiology.
It would but I’d bet a house that doctors and nurses will lobby to ban AI diagnostic tools and prescription generation. It would cut their staffing by 50% at least.
AI has the potential to eliminate a lot of the bureaucratic administrative positions and seriously reduce healthcare overhead costs. The question is whether labor unions would allow it.
Personally, I don't think front line workers (doctors and nurses) will be at risk of losing their jobs, at least not yet.
Yet nothing will make the prices go down except for some kind of legislation.
@@MrTigerStarX Sadly you are correct, it’s a crazy system that only benefits the wealthy.
we need affordable primary care. if this pushes more physicians to the front lines, thats a good thing
Thanks guys
Kinda curious how he walked the NAICS code structure.
If you step thru the codes left(,2) | left('3) | etc.... do you get the same inheritance for this tree?
Wrong, Jack. The economic definition of inflation is the increase of the money supply. The government definition is the rate of change of prices in the aggregate economy.
Cool charts!!
Love you guys! Thanks for your hard cool work jack. Keep it up, and keep reaching for the truth.
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Linda Wilburn program is widely available online.
If “healthcare is a business first,” like everything else in the US, explains the pricing, why does healthcare seem to have a monopoly on increasing such crazy price structures and arbitrage?
The US government subsidized tertiary education and it has done nothing but cause prices to explode.
I just don’t understand what is so different about healthcare as a business when compared to literally every thing else.
The US is paying for the healthcare in those countries. The reason a prescription in Australia might only cost $3 is because the government has placed a cap on that medicine. If the medication costs $5 to produce, they have to make up the profit somewhere so they jack up the prices in the US to something like $7 (or more, depending on how many people in how many countries are using that medicine, and what their individual price caps are). He recognizes there is disparity in drug costs but his socialist ideology doesn't allow him to acknowledge why that is - he just chalks it up to corporate greed. The US subsidizes the world's healthcare, and the more goods and services they require, the higher our prices go.
Dang.. super interesting
Hi, I want to invest in digital marketing but I'm struggling to understand why inflation is so high right now. Can you help me out?
Of course! Inflation is high not only due to AI but a combination of factors, including supply chain disruptions, increased demand, and monetary policy decisions.
@@ConorBradley-qz2hp That's a lot to take in. Can you explain it in simpler terms? 😅
Think of it like a seesaw. When demand for goods and services increases, but supply can't keep up, businesses raise prices.
Add in some extra money flowing into the economy from central banks, and you get inflation.
when did the interview recorded?
How smart can a person be when they aren't self-aware enough to know how to correct audio?
Sewing and needlework? Joann Fabrics. The downfall of America, cause that store is like walking into heaven. My chihuahua's custom sleeping bag will forever be a reminder of the Joann Era.
Can someone please say what’s the shocking data?
Within 5 minutes i know if to close or keep watching
Great guest!!!
Early Birdy
Unless i was in pain there is zero chance i would ever visit a doctor or hospital, have any drugs or jabs..exercise & don’t be fat & lazy..eat well & when you’re number is up it’s up…health care is a scam full stop.
Straight
Not your average info, thank you!
auto insurance is 9 percent of my expenses.....up over 50% is last 3 years
Didn't birkshiar Hathaway crash due too a glitch
Also, the government is trying to run an arbitrage play on the rate of price increases, so it's in their interest to understate price increases in the economy.
Bro doesn't understand that the CPI is like asking what temperature it is in the US.
Summary: go long healthcare, short U.S. citizen purchasing power.
Sounds like a good business to run in the U.S. while living abroad, for those heading up the industry
just look at the stock price of UNH, it will blow up your mind!
Sorry, but I kept losing the guest's point. Too many words and rambling around the topic, so it is difficult to grasp the actual answer to Jack's question.
The guy is on because he created what is probably the most powerful visualization tool yet to intuitively investigate and analyze a massive near-impenetrable dataset, not because he has a singular point to make or macro thesis. This is what it sounds like when actual thinking is going on in real time and has not been pre-chewed and digested for you so that you don't have to do any work yourself to follow the conversation.
@@davidklausen1316 oh, instead, a bit more of focus and articulation towards the actual question. How about that?
@@HectorYague Which question exactly?
fantastic dicussion... macro economists don't pay nearly enough attention to health care, probably because it's so complicated to understand.
The guest is in jail!? Wow!
?
Lol more jobs
As long as a lead software developer and a Dasher are counted the same, the jobs data will continue to look great.
I love how this guy thinks that healthcare is a "human right" yet it's the business-first Americans who are picking up the costs for nations with socialized healthcare systems. Denmark (and the rest) have caps on what companies can charge for healthcare services, so to prevent shortages that come from price fixing, Americans are forced to pay the difference to bridge the gap. Healthcare costs for Americans are so high because we're paying for everyone else.
He talks too much without any good takeaways. The tool is nice
Speaking from my own observations as an RN for forty years, the two biggest macros that have healthcare untethered from the economy is that we have no caps on treatments. The sky is the limit. We will keep anyone alive for as long as the patients and families desire, no matter the outcomes. We will spend millions on one hopeless situation after the other, go to any lengths, no matter the costs. I have hundreds of examples. The second macro is drugs and medical equipment costs. There are no market restraints there either. Obama and Biden understand this and have fought hard against these rich, powerful interest groups and their GOP backers, to gain but a toehold on the problem. The ACA and Medicare getting to negotiate prices for a handful of key drugs is a wedge they have tried to drive forward. With ACA, yes it is still expensive, because the GOP killed the mandate. Insurance does not work unless everyone gets in the pool. My two cents. P.S. love this construct/tool you are presenting 💖 Looking forward to the time when AI is really unleashed on these tools. Until then, we have intelligent folks like Eric.
Our tax's have paid for most of it then we get to pay again. Why did Obama remove the single payer from his healthcare bill ?
Very thoughtful comment.
Obama care is supposed to reduce health care costs for everyone. However, it only reduces cost for the low income but increases the cost of the middle class. The worst program is the medicaid program, which decimated Medicare funds.
@@muddyriverdogz Because his bill would fail to pass. The health insurance lobby had the votes, largely on the GOP side, to stop it.
Yall don't want to talk about why Healthcare keep going up cause everybody runed there health with the vaccine?!
Poor mic on guest. Hard to hear... shallow voice. He's a rambling man.