Jobless Claims SPIKE! UNEMPLOYMENT CONTINUES TO RISE...
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- เผยแพร่เมื่อ 20 ต.ค. 2024
- Unemployment claims just spike to the highest level that we have seen in a year. At the same time wage growth has been slowing down more than expected, suggesting that you already make enough money at least according to the government and the FED. Just another sign of the robust economy ;)
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I find it ironic that you want interest rates to go up, when I do as well. The difference is I want interest rates to go up and keep going up so that the country collapses.
I find it Ironic how businesses, banks are allowed to use tax dollars for when times get tough? Even they take bonuses
Not to mention, all those unemployed are no longer paying into the system.
Matrix analysis.. If you know who you are, cost of living always FREE. Unless you are Slave. Check federal statues for slavery, involuntary servitude, forced labor. Who is the Creditor of the United States? You have to start reading instead of working..
Yes they are,comes out of their unemployment check,fact....
Also paying sales tax and fuel taxes.
Oh wow, you are right.
@@skybiz4520Great post. Bolsheviks hate mankind
We have been in a recession for years. They just change the definition of it so they didn’t have to keep saying we were in a recession.
What a fool believes, he sees. Jerome got them reacting to illusions of promises
Since 2008, when this system truly died.
Deconstructed...😮
@@Brian_Barbytruth!!
You don’t know anything about our economics do you? They never changed it in almost 80 years
People can't even tell when they are being depopulated, much less when they are in a recession.
Our reptilian overlords are gassing us from the sky
Divide we fall, blindly led to slaughter by the this “2 party democracy”.
What a joke 🤮. The FedGov is a cancer on the world. Stealing wealth from Americans, it just makes me sick so many people fall for this.
The first one can easily be hidden by flooding the country with economic migrants and illegal immigrants. Then laugh off any idea that we should be concerned about collapsing birth rates worldwide.
Yes. Because the average person either fervently defend the corruption or adamantly deny that it exists. I work with the 2 types and there's never middle ground.
I remember people on the internet 20 years ago being Far more reasonable. Now, many people won't even believe when I tell them that the Sky is Blue. They are absolutely Mindless and confident to know the truth at the same time. They have 0 comprehension and the cognitive dissonance is...just absurdly high.
Best comment! 😊
The government doesn’t count people who have run out of unemployment benefits.
Or the ones that don’t apply for unemployment. Not everyone is eligible.
They don't count people who stopped looking for work.
There’s no recession bro !
The Government Cherry picks numbers out of the u1 vs u6 figures. There is an actual real unemployment number but no one has ever reported it going back 30 years because everyone would s*** themselves.
Men Without Work is a good book that talks about the 7+ million men who are out of the labor force. The book is a slow read and there are good YT videos that sum it up. It's by Nicolas Eberstadt.
It's a flashback to 2012... On TV, the Obama's were telling America what a great job they were doing, but people couldn't even get a job at Walmart or Dunkin Donuts.
In today's tough economy with Higher interest rates, making money while dealing with depression is a real challenge. How can we stand another four years of this.
How is the government planning to repay $35 trillion in debt? Shouldn't there be a strategic plan in place rather than allowing the debt to continue growing unchecked?
This is the new economic reality. Adjust your financial strategies accordingly.
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
Tesla has FSD, robotaxi and bots that will use AI - buy the dip!
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your coach is?
I work 65 hours a week ( everyday) and so exhausted at life. But everything is so high. I need my vehicle to get and from work, place to live, to eat and electricity. Its absolutely crazy the american dream is dead
vote Harris 2024
Learning about your hurry scurry life has harshed my buzz
@sandblast5636 why? Harris and trump have made everything worse. Those are the candidates. Even if you vote 3rd party the elites won't even let a 3rd party candidate win. It's comical and sad at the same time.
How much do you make per hour?
@@daniglesias3997 prosperity is a mountain in today's world 🌎
You are 100% correct.
They are fuging the numbers .
no debt no mortgage no car payments and a good job ... I knew this would come one day and I am glad I prepared for it by not buying useless crap
No rent is the way to live
I still got a mortgage but i got enough in the bank to cover it in case shit hits the fan.
@@marc1981tremblay What if your bank fails?
@@marc1981tremblay I paid my 30 year note off in 5.5 years in 2009 because the interest rates hit rock bottom and the money I had in the bank wasn't making any money. As long as savings rates are hovering 5% it would be hard for me to quit that income to have my house paid off but it really was the best move I ever made I also bought half the house I qualified for and don't have many toys but I am as happy as a clam not having to work my life away and basically work around 3 days a week .
@@marc1981tremblaywhat happens if theirs a bank run. Or if the grid goes down? What happens to ur bank then? What I'm saying is don't count on anything in this crazy society. Nothing is guaranteed!
Society as we knew it is gone, prepare.
Lmao okay bud . I can’t imagine living this doomer life . 😂(idk why algorithm sent me this video)
Thank you to our host for this walk-around outdoor Beachside segment. The surf sound comes through and sounds wonderful
I just sold all of my stocks, now I have $27 million dollars.
I feel bad for my kids. When I was 18, I delivered pizza averaging $18 an hour in 1998. I had an apartment for $562 a month, a car for about $260 a month, and paid all my bills. Today, this job probably makes the same money. Except rent is $1600 and the car payment is $500+. Job pays the same but expenses tripled. Go to sleep so you can experience the American dream!
I feel for them too. Most jobs are paying around $20 a hour for them. I was making that in 1991 working on the railroad doing labour. I try to send the kids $100 a couple of times a month but what a bleak time
Save, buy a used car - and you won't have to impress your friends - and may not even have a payment each month. Who buys a new car with higher insurance and registration?
@@maryl234 Thats when I was 18. Its literally the only car I ever financed. I pay cash from private owners only. That was a long time ago. Lol
Did you really make $18 an hour delivering pizza in 1998? Wow! That actually seems kinda high to me. At that time, $18 an hour was very good.
@@DWEthiopia
I delivered in 1998. I made about 60 a night on a four hour shift, so I was making about 15. Due to various issues, I have done the same job more recently and it is around 25-30 per hour with tips, hourly, and mileage.
Grocery prices, rents and most consumer goods and entertainment will not come down in price. For the most part It is here to stay.
Yes, once prices get the way they are there's no reason for them to return to the way they were. It has never worked that way.
Rent is plural. Like fish - you don't say fishes. You're welcome.
Unfortunately that's 101% correct-!!!😭.. Give an inch/take a yard syndrome conspiracy theory.
@@maryl234 wow Grammer police in the house. Who fn cares 😂
@@maryl234 sure you do..as in " Luca Brasi sleeps with the fishes"
The problem with getting a new job is that it is usually at reduced wages and benefits.
Because you cave and get desperate - and that is what you accept. More workers need to hold out for higher wages. Also, if you eat right and exercise (minus walking to the fridge) - your health benefits won't matter as much - you won't need the doctor and Big Pharma.
@@gertrudewest4535 some times. Job jumping is the fastest way to get pay increase.
If you’re a loser and have nothing to offer and don’t perform at all at your previous position . Most companies pay higher wages to outside highers.
Benefits are reduced for sure! Coverage becomes less, doctor visits cost more, eyewear, dentist. I used to pay nothing to go to the eye doctor. Now it cost me over $200 every time, I used to pay nothing to go to the dentist for a cleaning and check up, now it’s $60. My deductible used to be $250 per year, now it’s $500… you are correct!
Yep and rent keeps going up so your basically working to not afford a place lmao
This country needs a lot of prayer. I never quit praying for this country.
You better double up on your prayers
Pray, yes - but we can't expect God to do all the work either
Unfortunately, the people who don’t pray, vote Democrat.
This is Babylon it will fall don’t pray against Gods plan.
@@lam7499 Gods are on holiday, they are burnt out with all the pronouns.
The economy is like a bouncy house with multiple leaks. Instead of patching the holes, they just keep blowing air into it, to keep it inflated.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety.
Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
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
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Amazing. My profit hits differently 🔥
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Elizabeth Greenhunts
Get to her with her name..
Save your money! Live beneath your means, those who can!
No Matter If it's cloudy or sunny, I always love youre walk and talk videos Michael!😊
I'm a 75 yr old widow for 20-some years. Hubby and I made decent money but not tons. When he died I bought 5 acres of heaven with an old trailer for cash. (Sold house in SoCal for a pretty big loss, but wanted to get out.) I live easily on SS. I have a cabin at my place in case one of my relatives needs it in case the SHTF.
MGTOW
If you own 5 acres, why would you live in an old trailer? What quality of life is that for someone of your age? Do you have a well or septic system?
Hopefully you continue to get social security. The way they spend money on other countries & border crossers receiving 13k in food stamps a month in NY but somehow they won't fix social security for Americans that earned it!
@@DIVISIONINCISION I'm an old hippie. Metal roofs are good in the forest. I have a well, 3,000 storage tank, septic good enough with just 1 person. And I got the place CHEAP.
@@user-ms3ko5gn8e I'd be good for yrs without SS. I live on nothing, can grow lots of food. I agree with you about this country wasting on plenty of things.
Lowering interest rates doesn’t magically make someone Financially Literate.
nor does it make a criminal NOT liable , and punishable for fraud.
A quarter of a percent is laughable. Changes nothing, does nothing. To make any type of impact there needs to be a full percent drop.
The haters that show up in the comments saying we’re all just doom and gloomers are awful quiet today.
Drama is what these commentators count on to keep you watching and believing
@@10mudpuppyNot our fault you can’t handle the truth.
@@D.Wagner2The truth is up there somewhere in the marine layer. When you find it let us know. 😂
2 sides to every "excuse"! I always believed that I never had a "right" to have a "job" actually hated that word, "job"! It's all up to the individual. Very few who ever had a "job" made it big. Majority live pay check to pay check and have a few bucks saved. I am an AHOLE I'm doing fine! I lived with out all the b.s.material play toys , i lived a right livelihood, I highly recommend that we teach youngsters that entrepreneurial spirit is the way.
I wasn’t being “quiet”. I was at my job working.
I enjoyed the walk along the ocean Michael. I miss it. I left California two years ago. Now I am debt free in the Smoky Mountains and finding joy in tall trees, rivers and lakes here.
West Virginia is not the best area. I'm sure it's cheaper, though you aren't getting the beach or ocean there. Huge drug epidemic in WV, as well.
Debt free for you but what is happening to native southerners is that our cost of living has gone sky high in a lot of areas and it is hurting the people with deep roots to this part of the country, the same way Americans as a whole do to foreign no western people when they move to their countries.
@@DIVISIONINCISIONbetter debt free than living in California broke
@@DIVISIONINCISIONnobody said anything about West Virginia.
All these houses in my area are like 500k...the avg person makes like 60k....but people keep buying these damn houses....it makes 0 sense. I don't understand where all this money is coming from if people aren't making it in my city.
Lol 500K won't even get you a condo where I live...they start in the 700s
Agree , made 60-70K is a lot to me ,, but still not comfortable of living , & scary too , does not made any sense , buying a House !! never think it = COST more than the RENT ,, how they BUY it = free corrupt $$$ !??
Cheap credit and easy lending standards have jacked up the prices of housing and university tuition way beyond fair value.
Wrong. people are not buying them. Chinese investors and New York Wall Street firms are buying 100 at a time to convert them to rentals. Once they leave the market a crash is inevitable as no one can buy them.
I recently bought a townhome for $203,500. My mortgage is about the same if not less than renting where I live. We'll see how it goes.
Facts. Front end software engineer, 10yrs exp. My startup laid off everyone May1st. 570 job applications done since, no offers, 8 interviews, having to rely on unemployment for first time ever at age 38.
Yes this is happe eing everywhere for the last 18 months. Job postings that aren't for actual job vacancies. It's just for looks. They are hiring internally (if at all).
Hi Michael 🌻
Enjoyed taking a walk with you today. . . And thank You for keeping me informed .
Even if they cut rates, it won't matter if the government spending keeps climbing.
Intel layoffs 17,000, this country is doomed.
Yeah, that’s a bad sign.
$18 for a grand slam breakfast at Dennys
Anyone who's even average at math saw this coming since 2020 when home values went up 20% on TOP of 2019's all-time economic highs. The country's not doomed yet, but this will be worse than 2008-2011 in every way. For 5 years it'll feel completely terrible as 20 million people lose their jobs and homes. More foreclosures and a bigger price crash than 2008 for sure.
@@faustinreeder1075 lmao really? I'm old enough to remember getting them for 1.99.
vote Harris
When my neighbor loses their job, it’s a recession. When I lose my job, it’s a depression
Repeats dont get it
And if you can figure out how to make money without the help of anyone... you are free.
Take in consideration that these are manipulated unemployment numbers. Real life is much worse than the fiction in which we are forced to live.
🎉🎉🎉 Who can believe any of these reports coming out?? It’s just ridiculous how they lie over and over again. Thank you Mike
Blessings,Carlos ✝️🙏❤️😊🇺🇸
God bless you for always informing people, there should be more channels on TH-cam that tell the honest truth about our Crumbling Economy!😢
I’m with you raise the rates and let this recession run its course instead of just kicking the can down the road!!!
I don’t think we can stand another four years of this.
Ya right
it doesn't matter who wins your election, its bugged either way.
And you think it's going too be better with Donald Trump? Lol.
@@MrLasoxthere are 4yrs of proof that it was drastically better under his term.
@mrbiglicks8267 it may seem that way. But better compared to what tho? America debt is 35 trillion and growing! No president Biden, Harris, or Trump, none of them can get the U.S. out of this. And that's just the tip of the iceberg of problems we have. It's done!
I got laid off this week. Got a bonus in May as big as my annual salary, to laid off 2 months later.
Thats messed up!
This content is refreshing. Walking and talking while giving economic information. Nice Job😊
Recession declares itself after we have entered into it
You got that right
Not in America. We have not come close to one.
Excellent video, keep up the good work. This country needs more people like you
Just wait until all the places that just announced closures start giving employees notices, that will add even more to the unemployment rate weekly, no longer paying into the system....
Yet the CEOs who put those companies in that position to fail...always seem to walk away with generous servence packages.😂
@@pgaven9396 No kidding???? 🙄🙄🙄
Michael, the National Debt of 35 Trillion is $103,000 for every man, woman and Child ! How can this ever be repaid or even halted where it is. We have gone from the world's largest lender to the largest debtor. Amazing !
It can't because the greedy 10% with all the money are addicted to luxuries and could never give up any of their billions for the greater good of the country.
I'm an engineer I maxed out the pay level for my position 2 years ago. If i ask for a raise they'll instantly say no.
I run a small 5 person development team and the 3 products we have released in the last 2 year's have pulled the company over 800mil in revenue in that time and 3x the stock price but no raise the entire team and the assembly facility is planning a walkout.
Bet the CEO got their bonus and raise. Corporate greed right there.
When your worth exceeds your pay, it’s time for a change.
Why don't you look for another job that pays more?
@@DIVISIONINCISIONGood luck with that.
@@willp.8120 Not hard if you have the credentials/education/license etc.
Why do we never get the truth from the mainstream media news? It’s tiring to always be lied to. 😢
Because they are owned through cash flow by the central bankers. The news and almost of the calamity in the world is caused by this group. They have an Agenda.
Why are you listening to Main Stream Media? They are owned by the 5 of the most wealthy families in the world. They have an agenda and that agenda is to sperate everyone else from their money. I haven't watch main stream media for over 15 years. I also don't do Social Media (TH-cam is the one execution) it has made a huge difference in my life.
Well stated !
Ummmm...because they are OWNED!!! DO NOT WATCH THE NEWS. COME HERE FOR FACTS 💯
$35 trillion debt. Yet all politicians become millionaires etc. All corporations get richer. It is despicable that governments serve the corporations and oligarchs and not “we the people.” This must end. End government by liars. Be kind. Always. Speak out.
Cuckoo for Coco Puffs
Revolt or shut up
@@GDBusiness-l6j How about “speak out against the madness” and keep awakening the naive to what is happening. If everyone knew, it would be far for the machine to continue to operate as it does. Globally. All the best.
@@chrisweidner4768 The media won't report it.
@@alanheadrick7997 That is because they are the controlled propaganda voice for the problem. Keep speaking out. Keep gently awakening the naive. All the best. Always.
You have clear understanding. Keep speaking the truth. From Europe❤.
I am 81 years old with an income (before taxes) of 60K. As long as I have good health, my life is simple but good. You need to live where the cost of living is low. I still save money for unexpected expenses.
I'm poor as dirt, living paycheck to paycheck or less sometimes, why do I like watching your videos so much ? maybe im hoping I will learn something about money that will someday make me smarter about it and not struggle every single day. Maybe it makes me feel good to hear you talk about how many other people are struggling as well. I'm not just alone in this. When you live poor for so long trying to do everything legal and lawful, your mind starts to drift into fantasies about robbing a bank or running drugs for a cartel, something, to finally just get some relief.
You're definitely not alone. Hang in there ❤
Get a second job… eat sardines save money. Don’t spend on anything
Get rid of non essentials cable
Vote wisely, a conservative government should be able to slow down inflation and increase productivity.
The trick when you start with nothing is to make a priority to save just a little every week until you have a decent amount of money and then find a way to double the little bit of money you saved, like buy a broken lawn mower for 25 dollars put a few dollars in it and sell it for 75 and save that money and keep moving on to more profitable ventures
Last time in 2008 stripping copper wire was a big thing. This time I think solar panels will be the new copper wire.
I'm always preparing for any hiccups in the economy... I paid off $66,000 in student loan debt in 2020... I've driven the same reliable Corolla for 20 years... Now, I'm finishing up my mortgage in the next 24 months...
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
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.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Im in aviation industry ( work on private jets) and we don’t have a slowdown. Luckily we service the wealthy and I believe we can be one of the last to feel the grunt of a recession. I’m grateful to not be going through struggles.
I know a pimp named Comfort. He’s in the Refrigeration business; which is recession proof too.
There's no denying recession is being priced in and unemployment is heating up.
Great economic information, Mike! By the way, the camera quality resolution and color balance you are using for this video, looks absolutely phenomenal! Great job! 👍😊
Until citizens hold politicians accountable for reckless spending, it will only get worse. It's nobody else's fault. Not the wealthy, not corporations, not the poor, it's the politicians.
It’s the citizens that refuse to do anything
dont give corp as pass their greed fuels this decline
It's also the two wolves and a sheep voting for what to have for dinner system that has slowly been ruining things leading up to this point and beyond.
Who is getting all of the money the politicians are spending? There is a huge wealth transfer that has been going on for decades. It goes from the bottom of the population to the top. It definitely is not going into thin air. It's a huge con.
Bwhahahaha ~ most of said citizens spend like drunken sailors just like the politicians ! Hahaha
We are already in a recession. Yup, I'm sitting back watching too 🍿 Thanks Michael and Happy Friday!
Today's unemployment report went up from 4.1 to 4.3% which is a huge jump.
It’s probably 15% if Biden would stop lying
LOL
Nobody wants to hire people or even deal with them, they are too much trouble. Too much liability.
@@saedwards007 the numbers say you are wrong 6 million a month hired.
@@josefj1776 😂😂😂
Can’t believe the Fed OMC chair spoke Wednesday and everything was rosy
For the top 30%, it is.
It always is, until it isn’t. “The subprime market is contained.”
for his clients.
Fed is responsible.
It's all about perspective my friend. It's all about perspective. 😂
Government jobs should be a negative as it cost taxpayers more to fund these new expenses.
No it shouldn't. Sorry but we need government jobs..and maybe you need to work for them instead of working for these "for profit" vultures who prey on the labor of those below them...government jobs have union protections and less of a chance of layoffs..even if the money they earn isn't as much..
and most of the government employees are nothing more than paper pushers...
Walmart should be a public utility since we’re covering their employees Medicaid.
Not every government agency/job costs tax payers money. The US Patent Office and IRS are usually net profits for the government. Also, there is no good reason why government jobs should be a negative.
@@pgaven9396wrong
BTW, Chevron USA of California is pulling out and relocating to Texas
Allowing developers to destroy productive farmland the fastest in the country Continues!!!!😂🤣🤡👍
That's where the oil is.
My friend's long time employer trying to cut his pay 3%, he is 60+ years, gave 30 day notice to employer!👋🏻
Good for him! 😮
I recently gave my immediate notice after 38 years. The place was poison ever since COV and one day I just realized I was done
I think anyone quitting a job right now... even if the pay is less... is making a huge mistake.
We've BEEN in a recession, regardless of what Powell says. It's been here awhile, and it's going to get a lot worse before it gets better.
Recession since 2020, in my opinion.
What could be more serene than walking down the beach in the afternoon?
Being lowered into my quiet narrow cabin at the corner of Sixth and Green?
Rocky beach...😎
the number of people getting 2-3 jobs has increased. at the same time unemplyment is going up.
The number of people with 2-3 jobs are not that high.
@@josefj1776 everyone i know has 2-3 jobs. nice try fed boy
At some point folks just give up.
I was looking for a guy named Taylor slamming his fist into the sand yelling….” You maniacs. You blew it up!” with the Statue Of Liberty head lying on the beach in the background.
"God Damn You."
@@roadrunnergtx68 lol
Using U-6 unemployment model which has been used until it was changed to meet the government narrative stands at 8.2% which is the highest unemployment rate in memory.
Hard times is why when we were home shopping we bought at a low price and at a great rate, have the double homestead exemption, once we claimed it our property taxes almost halved, people 65 and over who earn 25k and less, couple making 30k and less are property tax exempt, 100% disabled vets are exempt, current military are also exempt.
Why should anyone be exempt? If not everyone, no one should be exempt. I'm disabled with neurological issues, lost my career on account of it, yet can't even get disability because testing isn't advanced enough to show damage at the neuron level with any scan that insurance generally will cover. So, I am forced to drudge through work days, taxing my body that is already compromised. Yet, some healthy ex military who never served in a war but did office work doesn't have to pay property tax and I do. Ridiculous. I can't even work in the field I am trained in and worked in for 16 years. Middle aged and unemployable for anything other than service work that pays insufficient for everything I have to manage.
He knows what he's talking about, I've lived long enough to have lived this stuff several times. 😊
The rent is too damn high!
Especially here in California
Rents are coming down in parts of country.
@@Gufenaugh ???
Increasing in Florida
Almost every business in my area is looking for employees. Why don’t people work? I understand that the business may only be offering to pay $18 per hour, but that’s better than nothing.
Chevron (the original Standard Oil of California) is moving their Headquarters out of San Ramon, California to Houston, Texas. Chevron has been Headquartered in California for a very long time.
great videos , i have a small pawn shop , i can tell you how people are really struggling lately , my loans have really went up , people picking up their items has fell and people are selling me items every day , and its from all walks of life !! sells has fallen really bad too , idk whats going to happen before or if it gets better
I perceive we're going to have an economy that's like a non-repairable tire.. which means depression..😮
I m flatter than a tire already
While the news is pretty grim, i love the contrast of the peaceful, beautiful world in the background!
Affluent ppl got richer. Everyone else gets poorer. America. This country is dead to me.
Liberal
@@sandblast5636 he's a realist. I love how you cultists think being called a liberal is bad lol!
I lean fiscally conservative. I don't identify with a party but if I did it would be libertarian. @sndblast
@@hannw7Being liberal is just fine but if you're American and lining yourself up with a party which is now the beginning of the Communist party is not.
Wait till 2035-!!!😳.
@ 10:30 The backdrop reminds me of Planet of the Apes 1960s movie and is a tell tale sign of things to come.
Thank you.
I try my very best to ONLY shop sales whenever I HAVE to buy anything!
Get ready to lose everything. The 2008 financial crisis will look like children’s play compared to what’s coming.
Its possible!
I was included in a layoff from a company that has not had layoffs since the 70's. I have applied for over 100 jobs in the last 3 months. So far, I'm still unemployed.
I’m honestly thinking about living in the woods I really wanna get out this system
Dude, my life goal is to buy a mobile home and put it on some land somewhere and tell the world to F off!
@@jayson657that is my goal
@@jayson657 Mobile home is nothing. You still need water and still need septic. 🤨
@@DIVISIONINCISION I know and i want solar
The Unemployment system is so messed up! My best friend in La, is really going through it! She got laid off last September, but since they pay on the tax calendar (April through March), she said she is only gonna get paid for four months. New way of paying? I don’t know, but she was in meltdown mode yesterday, due to just learning this. So confusing and disheartening!
Mass layoffs continue to be announced, buy out offers, corporate restructuring..
Shit just keeps getting worse.
we all gotta duck when it hits the fan
Great natural AIR CONDITIONING! enjoy it! you will not have that in Florida
Michael, it's an election year, and, not a normal one.
Politicians will claim that they can fix it. That's what they do, make promises.
Election years do not get a pass. We have gone into 3 recessions during election years. It is not common but it does happen. IMHO we went into a recession last year 2023.
I live on the interest on my savings!
The higher the better.
Ditto
How is the govt going to repay 35 trillion in debt? Shouldn't someone have an idea instead of just letting it grow?
They’re not paying it back
@@albundy7623 Must be nice?
They are planning on spending more with no end in sight,so long as the printing presses keep humming.
@@albundy7623
Well, every computer has a delete key. Maybe they should use it
stop printing money!!!!
Its almost like messing with markets and the economy to keep it going doesn't help in the long term only the short term. Honestly it is kinda like putting a bandaid over an infected wound then pretending it's fine.
Well, you must be an old soul because in my 80s I feel as you feel. I’m eating the popcorn and watching fascinated as I live on $34,000 a year, very comfortably.
It is a lot easier when your house is paid off and you have a pension and social security rolling in every month.
Love the walk & talk Michael!❤ Hope your foot is improving. Keep up the awesome job of keeping us sane!
Everything is an illusion!
Correct
What about your sense of certainty about illusions? Is that illusory?
Glad we're in our forever home and never buying or selling again. What a shit show.
Beautiful beach. Thank you Michael
Good Info Thank You Michael.
Solitude on a beach!
Kicking the can down to road… till when? It will be a mess for the new President, doesn’t matter who it will be.
"I'm just sitting here with the pop corn." Soon popcorn will be all we can afford to eat ...
i used to buy organic popcorn $3.50, now it is $7.00
7:24 That looks like Tennessee valley. My wife and I used to snog in that cove before we moved away from California.
THE FED WILL NOT CUT RATES. At the beginning of the year, the markets were talking about 4 rate cuts. We are not getting ANY rate cuts this year. Thats just my opinion.
I HOPE you are RIGHT! I love my 5% risk free return!
@Thomas-to5dr im in Gold and Silver, its the best play, history is on our side. There will have to be a revaluation of silver especially, its too undervalued
Agree. Powell is teasing rate cuts to manipulate the market. I don't see any cuts this year at all. Also, my stock porfolio jumped up $20K in the last two weeks. Coincidence? I think not.
Off topic but I had a baby 9 weeks ago and she absolutely loves when I watch your videos. It's almost like we are taking a walk, so thanks from HOT HOT PHOENIX AZ!!!
We are in a recession now