THIS Recession Indicator IS FLASHING RED!
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- Predicting a recession can be tricky especially since there is no real official definition of what a recession is. But what we can do is use indicators that have predicted all previous recessions with almost 100% accuracy to reasonably guess if one is on the way. And this economy is right on the verge of a big recession.
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Rate cuts commenced in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
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.
Mind if I ask you to recommend this particular advisor you using their service?
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it
Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
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 has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
"When your neighbor loses his job, it's a recession; it's a depression when you lose yours"
Great point
LOL
Recovery is when Biden loses his
And a recovery when Biden loses his.
I'm retired and I'm trying not to outlive my Nest Egg. 😂
The absolute truth is . . . .
Rich are getting Richer and
Poor are getting Poorer .
That's the plan. 😮
Same old story. 😢
Terrible formula! Not sustainable!!
That's what's been happening for a long time now
@@user-xy6ey7fc6f Since Reagan went back to the old failed tax code of 1929. Citizens united from SCOTUS put the disparity of income on steroids.
Anyone who says this is the best economy ever is delusional
How dare you call Biden supporters delusional! 😮😅😊
Delusional
No, they are financially stable, wealthy and picking up distressed assets OR in prison OR illegal aliens!
Do you look at the glass as being half empty or half full? 😂
@@BREEZYM6015 3/4 sheyt
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
I've known I've wanted to start investing for a few months but just haven't been brave enough to start due to the market so far since mid last year. I have 60k i want to transfer into an s&s isa but its hard to bite the bullet and do it. £557k is a huge milestone , Please whats your strategy ? i will love to have an insight.
I'm being aided by an advisor, i don’t have any special strategy. Vivian Carol Gioia 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.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
I wouldn't think of this as a "recession" so much because that sounds temporary. This is a permanent reduction in the wealth of ordinary people.
100% agreed.
Correct. New America
Exactly. In my area, people are working and the restuarants are filled. That's not a recession. That said, times are tight for many people. I hear complaints all the time. It's getting pretty bad.
It's worse than a recession because almost everything costs more now. Most of these higher costs are the new norm. Affordability is becoming a real issue for many people. People need to be better with their money.
NWO
There used to be a lot of “job fairs”. We don’t hear about them anymore.
Everything is internet based now. Sorry to state the obvious. You go to businesses in person to attempt to inquire about a job and they tell you to apply on-line.
so true
I am no economist, but I currently make the most money I have ever made in my life but feel the poorest I have ever felt in my life. Every is so expensive 😢
I never thought having 300,000 in my pocket I would feel broke.
Minimize those expenses. It takes sacrifice during times like these. Be as efficient as possible with what you have 😊
The dollar is down, so your income may be up, but probably the same value in today’s economy.
@@dennyfie Please. If you have $300,000 in your pocket, you are doing just fine.
@@dennyfieI hope it’s not all in the bank!
A meme I saw the other day, " As I age I'm getting stronger. I can lift $100 of groceries with one hand."
We've been in Recession since last Fall.
Recession; Two consecutive quarters of negative growth.
@@bubbajones4522Recession: yield curve inversion.
Since 07 08
@@cezz1105A 16 year recession?
@@BREEZYM6015 yep! If they told the truth about everything that's been going on since that time till now. It would show, that we have definitely been in a recession for years!
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $124k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 8 years of experience is certainly striking! very much appreciate it
Rent, vehicles and food continues to climb.
I work, sleep, work and still falling behind.
Read Austin 3:16
You are already tough. The strong will survive this. You are miles ahead of the weak and clueless. When you believe in yourself you can do the unbelievable.
I'm buying only what I need. Cut back on groceries for 6 months. Had to dip into savings for Termite infestation.
@@000buckshot4 Great advice, especially Psalm 91:14 that verse really calms the nerves.
I lived the work, sleep, work, fall behind for 40 years until I wised up and paid off my house, quit buying new cars and charging CC for s..t I couldn’t afford. At least I have a roof over my head and reliable wheels, more than many have. Maybe we’ll have a deflation like 2008 if we crash and burn. Actually prices have come down on essentials, not enough for sure, gas, etc.
Just make a long range goal of no debt..it took me 10 bare bone years but without that I wouldn’t ever have been able to retire because of poor judgment calls in my younger years.
Never ever will they announce it in an election year.
Bingo
They would if the guy currently leading the polls was seeking re-election.
no recession until actual jobs - "PAYEMS" on FRED - falls.
They are setting things up for a huge crash at the beginning of 2025.
Nailed it.
We are getting ready to hunker down: paid off my car and our renovation loan this year. 4 years left on our mortgage and that’s the last debt we have
Oh wait...the property taxes will follow you!! LOL....same boat here...
When the markets crash you’ll lose more than if you took the investment and paid it off now.
Who cares
How old are you?
@@steves3688If property taxes are all they're going to have then they're way ahead of the game.
As one of the "Little People" (the filthy unwashed poor) I work as a baker, and my department and every other in my store is running with skeleton crews, everyone is fulfilling multiple jobs, equipment that should have been repaired ages ago is being kept running with duct tape and bubblegum. Corporate is squeezing every penny it can and working people ragged while cutting hours and refusing to hire people.
My Uncle lives in Byron, right on the Rock River, small world Mike!
You need the butcher and the candlestick maker to complete the trio. 😂
Slow down. Why bust your back if the CEO doesn't care about you? So many ways to slow things down and if all in your shop did the same maybe the company would hire some help? Just a thought.
@@votaric they would probably just fire the person and hire someone who will bust their butt. That is the reality. The CEO does not know these people, he has a Yes man that is running the store with more of those as managers. I do not know how old you are or what kind of work background you have, but working a job is not like a hollywood movie.
Yeah, I feel like a lot of businesses are operating like that now. One of the last steps before closing it seems. I’ve been to Byron a few times.
I live in Rockford. See the steam from the Byron reactor cooling towers daily.
IT IS GREED, NOTHING ELSE BUT GREED
Greed is what make captialism work. Why it no longer works is the government has gotten in the way... done bail ins, bail outs, kept the borrowing rate at or near zero for 15 years etc. You can't have price rejection when there is too much money be given out freely. Those days are gone. To know for sure we just need to look at the 10 year yield. It is going up not down. There will be hundreds if not thousands of companies that are going to go under.
Drive for Uber, wear out your car….brakes, tires, you’ll pay 50% of earnings eventually on gas and maintenance, repairs. Higher insurance….Amazing that this covertly deceptive employment model has taken hold. What a rip off. Get people desperate and …well….there it is. Sad.
True indeed. The people that love App jobs fail to comprehend every point you made. Also they seem to be okay with not getting any benefits like medical, vacation pay, sick pay or unemployment insurance. Gig work and App jobs are horrible on many levels.
The last Uber driver I had did not speak one word of English. I think he used the ID of a friend to drive Uber.
I would say the combination of layoffs and closing businesses is all you need to know😮😢
Like none of this has EVER happened before in the past ! 🤔
I had a long talk about what it was like in the 1930s with my dad many times before he passed. 25% unemployment & people would do anything to find a job back then. Makes this period in time look like we have a bunch of cry babies who don't want to take jobs because its beneath them ! Plenty of service jobs open but hey lets all cry about how BAD we got it ! 😢😢😢😢😿😭😢
Lol... man I'm good bc of the hustle..
Yet.. homes are 8× the median income compare to 2.5 in late 80s
Minimum wage is what is was on the 80s.. 7.25
Groceries have gone up 330%
Home insurance: 600%
Lumber: 500% and it's getting smaller..
Car insurance 250%
The way American spend are dumb.. yet qe can't act like wages have gone up .... at all.. compared to inflation
Hair cuts.. from $8.. to 35 lol
I drive a produce truck in CA, when I used to hit the docks 2 yrs ago there would be like 10-12 trx dropping loads, now I'm lucky to see 6-8. The company I drive for has store and wholesale out the back. The wholesale feeds local restaurants and small markets. about 20% of those have shuttered in the last year. The ones that are open have reduced their purchasing. The government has been gaslighting us for years because if they tell us what's really going on then it will trigger a complete depression. They want to control the collapse so they can 'reset' the financial system into the CBDC. Gonna get frosty.....
It will trigger a "run on the banks!"
CBDC? No. We are already running on digital currency. If everyone tried to withdraw their funds, none of the banks would have enough fiat to cover it. Many people think the government will institute UBI. I don't see that happening either. The Federal Government already pays entitlements. They don't want to pay more.
@@DIVISIONINCISION Banks only carry 10% of the funds they have as deposits ! So your wrong its not because of any issues with the dollar. The Trump administration PAID $ 9 Trillion in entitlements to the Fat Cat 1%ers & Corporations but called it Tax Cuts ! Socialism for the wealthy but we don't want to call those entitlements do we ? 😎🌞
Truck driver talking out of his azz.
@@DIVISIONINCISION Entitlements ? You mean the programs called Social Security & Medicare that I PAID INTO for the past 53 years ? While the Tax Cuts of $9 Trillion were HANDED to the 1%ers & Corporations when 45 was in there !
inflation is ABSOLUTELY worse than a recession... and we currently have both going on at the moment.
Women get married, Men get divorced
no on both counts
100% I would much rather have a recession that hurts for 3-6 months rather than dragging out inflation and fed rate speculation for another year.
I agree
Yep , get the higher rates for longer past us. Already seeing better prices at the grocery store & more sales. Also clipping coupons but nobody here seems to mention anything about constructive ways to fight back. Instead its all everybody else's FAULT ! Don't ever point the finger back at me for my failings to adjust ! 🖐Lets just watch the Doom & Gloom videos & 😢😢😭😿😢😢😭
A recession is not going to last 3-6 months. China bail you out in 2008, and you reward them by bulling them for the last 6 years, so they aren't doing that again. On the contrary, they are decoupling from you together with plenty of countries, so how your going to recover in 6 months? That's the problem with the US, the delusion and arrogance. You really think your the dictator of the world and everyone is going to bow down to you? You don't produce anything of worth anymore, your wealth it's all in the financial system and the dollar, so you're much more disposable than you think you are. It won't happen out of sudden cause that's not good for anyone, but slowly but surely you'll be replaced. There's not coming back to the way it was before, that's why the government is stalling and preparing the war machine, obviously, that's their 'plan' to 'fix' the economy if you don't know what's going on.
Rip the bandaid off already!
Me too. I can handle short-term tough times and manage as needed. But dragging on something bad with no end in sight is what I can't stand
I think it’s been rough on everyone. Take care everyone.
Not everyone... in inflationary times the rich do very well. That is because asset prices inflate. They own the majority of assets. If you are rich you want Trump back in ... he is going to make inflation worse. If you are not rich you don't want him back in. That of course is just talking about money. There are many other reason for or against. Like what the constitution actually stand for, ability to actually defend the country etc. Most people don't don't care about that stuff they care about their money.
To Quote Frazier Krane, Everybody have fun tonight, Everybody Wang Chung Tonight.
Thank you! You take care too. ❤
When banks lose $500+ billion in one quarter, that's a depression.
Thats a nightmare
Acctualy that is financial crime called speculation,remember bank bailout during obama?
Nah just criminal bank activity screw up that they'll steal from people by gov force.
A billion is a small number number..... now we talk in trillions. should be epic.
Meanwhile, the federal government is adding 1 trillion dollars of debt per 100 days currently.
We are in a recession no questions asked. Possibly depression, time will tell.
Pull up PAYEMS for me in FRED. You people are nutso.
Speak for yourself 🤓 🖕
I think over 25% of people are underemployed. I think over 50% are not earning enough.
No need to think, it’s true
I agree
Going out on a limb I'd say 75%
Exactly !
The official government definition of recession means nothing to the average consumer. What matters is how much money we have left a week after payday.
Very true and let me just answer you right now... none we have no money at the end of the week 😔
Absolutely that’s the point I want to keep drilling home
Best definition right here. We are not in a recession by the govt definition. But times are getting tougher, so.......
Michael's sister can afford to get married so Rock Falls must be doing something right ! Life goes on despite the Doom & Gloom videos Michael is making. Pain & suffering everywhere but the Insurance Companies making Big Money off consumers. No video about the Fat Cats banking coin Michael ? Shame on you ! What did the stock market do ? Lets not talk about that right Michael ?
I wish I could find a job and know what a paycheck means I have a couple month of savings and don’t qualify for unemployment
When they change the definition of recession that tells you all you need to know. Listen to your gut.
This administration has changed definitions for everything lol
WHO, WEF and other globalist has changed so many definitions lately ‼️ That's the Noveland ‼️🤮
nobody's changed anything. Read the December 2008 NBER recession call for what they look at FFS.
no definition was changed
The Old Definition
Old economists defined inflation as an artificial increase in the money supply within an economy. In fact the term inflation has been borrowed from the metaphor of an inflated balloon which looks big but lacks any substance in it. Inflation was therefore purely a monetary phenomenon. Old economists did mention that rising prices was a symptom and an effect of inflation. Notice the difference, rising prices was the effect and not the way in which inflation was defined.
The New Definition
New age economists define inflation as the “sustained rise in prices of goods and commodities” across the economy. To the average person, this might seem to be stating exactly what is written above. However, there is a huge difference.
Notice the change from. artificial increase in money supply to state of rising prices. New age economists refer to the increase in monetary supply by a different term called monetary inflation whereas when they use the word inflation in common parlance, they are usually using it to mean price inflation.
The change in definition is therefore no where subtle or inconsequential. Instead, the ramifications of this definition change on inflation theory are massive.
Your sister is so fortunate to have a brother like You 💕
So happy you are sharing her new beginnings 🌿🕊️
Thank you so much that’s very kind of you. I’m very proud of her!
It's when the yield curve un-inverts, that's when the recession occurs. The yield curve has been inverted for the longest time in history now. The Fed is keeping the short end of the curve up, delaying the un-invert.
Our business has been barely hanging on since last October…. People are out of money. Recession or not, it’s bad
not according to the numbers
Your spot on!!!
I'm 50 suffered a sudden no warning six figure layoff.
Eight weeks of painful wait for my unemployment by that time my home was being lost due to the mandatory 60 apt lease, it's been hell.
Something is really wrong out here and by wrong I mean OMG! I've never had to try so hard for work and now your fighting the BOTS integrated in all this software and the large amount of fake job hiring now nonsense! I almost went insane until I saw some excellent TH-cam videos on unemployment that were a cumulative video clip from tic tok. I had no idea I wasn't alone in this, and yes 100% same experience all if us. Either no calls, lead on, rejection emails, or just nothing at all.
It's brutal and I fear what's coming.
What to do now is be frugal and prepare. Save as much as you can.
There is an economic term that describes the more people withholding spending, it actually creates a worse economic climate for themselves. A term which contains a word paradox.
Now?
That is always true
it's called paradox of thrift, btw.
ITS BECAUSE WE LIVE IN 🤡🌍
And led by the insane clown posse and Im not talking about the band!!! !
Yeh, Brandon will save us all!
Yes Yes we do. Get some popcorn, folks. Enjoy the circus!
Clown world? 😂
Clown World Yep here we are
@ 17:03, incorrect. They understand COMPLETELY what they are doing & how it effects the people. They know.
They don't want to call it a recession because they are in charge
I lost my corporate job in 2008 and getting a new job at 51 was definitely difficult. So I became a realtor to help others in short sales and foreclosures. I worked very hard but I was able to make up for my corporate job pay.
If you dont STREAMLINE , you'll always be under pressure
@@kingscairnthe fact is that you can only streamline so much
Congrats on your effort and success in so doing.
Great video as always. At 11min, 22secs you hit the nail on the head, and people need to stop spending, stop increasing debt and be "responsible."
The government needs to stop spending money we don't have!😮
11:22
But they are helping you out in a way.
Just stopped by for my daily dose of “the world is coming to an end”.
🤣🤣🤣🤣
he just here for money.
I love to see the different locales he walks by, I will never go to Florida or the USA.
NO KIDDING! According to him, the world should have stopped spinning in 2021!
Government spending is disguising the recession in the real economy. This is because GDP includes government spending. They can delay an official recession, defined as 2 quarters of negative GDP, just by spending more.
You are one of the REAL smart people. Bingo!. We have a winner!.
"official recession" also includes job losses. Plus government spending doesn't disappear into a black hole, every govt paycheck and purchase order supports many more dollars of economic activity I the local economy,
@@tachikaze222yes government spending ends up in the private sector.
that isn't the definition of a recession in the US. And government spending = private sector wealth. So there's nothing unusual about using government spending to ward off a recession
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.
All that 401k money is flooding the stock market nearly every company has a 401k plan that employees are contributing and the fund manager are making money off the fees as well!
So?
We never recovered from the 2008 recession! Housing prices doubled and only decreased by 30%. Wages stayed stagnant if you were even lucky enough to get a job and home ownership for the average person was still unattainable.
The 2012-2022 was a gift. Many people recovered, those that '19 didn't take from us I guess.
I am thriving. Why aren't you?
@MrSteeDoo really stupid question. Everyone has a different set of circumstances that either facilitate success or not. There were many victims of the great recession that found themselves in the same shoes as me. I'm glad you're thriving, but maybe think before you type.
Can we trust the government reporting of economic data especially in a election year?
You can't trust them in ANY year. All the numbers are cooked. Not just cooked. The are "well-done."
If it's only information they can bend it all they want.... John Mayor
Never trust anything they say.
plenty of private sector indicators back up thier numbers
My business is way down. Business at the water-park my nephew works at are soft and less than last year. Houses are not selling in my area and restaurants are closing.
This is the first month we've missed our mortgage payment, and we're running out of savings to pay even our regular bills..
This is where the Audacity of the Truth is told. Thank you so much for your hard work and sharing this information
You are very welcome
Congrats @MichaelBordenaro & Lisi- to your Sister Sarah & her soon to be Hubs…!! Lotsa love from above 👏❤️🙏✝️🤗
Thank you!!!🙏❤️
Jay Leno said that the economy has never been so great, but when you ask him how much are eggs milk and bread, he said that he has no idea because he doesn’t go grocery shopping. He only goes by fuel prices, which in California hardly changes; it goes from expensive to very expensive. How can he know how much it costs to feed a family of 4? He has no idea that eggs were $1.88 for a pack of 18 under Trump, to now it’s $5.98 under Biden.
it's mostly because of the stimulus money. unfortunately it's not really bidens fault. mostly obama and trump that caused this... oh and the FED leaving interest rates near 0 for 15 years. biden's an idiot but it's also idiotic to blame him for the inflation. this is the result of many many years of bad fiscal policy.
Remember under Trump gas ⛽ WAS ONLY $1.78
Eggs are cheap where I live
What would any multimillionaire know about the economy?
He used to be a conservative too.
This video is perfect example why i NEVER get any of my news or information from mainstream media corporate and government funded outlets. Plus, there is a thing happening on 11/5/2024 which forces mainstream news outlets to never tell us how bad the economy is. Thanks for reliable information
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
Best wishes for your sister Sarah and her fiance/husband. 🎉🎉🎉 Thank you for addressing the real world.
Thank you so much. That’s very kind of you. I will tell her that!
@@MichaelBordenaro😊😊lllllll
Lol
Waving hello from Rockford, slightly north of you on the same river
Pure m
The inverted yield curve is 100% accurate. Inverted 700 days now. Question is how bad.
It’s been over 700 days. According to what I’ve found, in 1929 it was actually at 700 days even. Don’t know if it’ll be worse than that but it will probably be worse than 08. I’m going to say it’ll be around 15% unemployment.
@@c.m.c2024 you people are insane trying to make something happen that does not have to happen.
@@tachikaze222 I’m not trying to make anything happen. It’s already happening. If you capitalize, your money will go up in the coming downturn. Not down.
@@c.m.c2024 downturns happen when the government reduces deficits. That aint happneing right now so we aint getting a downturn
@@grimaffiliations3671 their deficit is only so high because they raised rates. They’re having to finance that 34 trillion on much higher interest rates. If they start cutting rates and reducing the deficit, it will be because they see shit starting to hit the fan. Because they’re not going to hit 2% inflation without something breaking.
its eerie how you can walk around for miles in these nice areas with wide sidewalks and parks and there is no one else on the sidewalks, there should be kids running around and playing, its like post apocalyptic, everyone is a shutin glued to youtube like me, its a sign of the times
When they started printing all the stimulus checks my husband and I positioned ourselves to be able to handle what we saw coming. We left Seattle and moved back to our house in MT. We stopped buying a lot of different things and have basically just kept our overhead low. I can clearly see the price changes with everything. I'm also sure I'm not the only one that even if I can afford something, there are just certain price points I won't pay for certain items. I've seen some things go up 200% but I'm supposed to believe 7% or whatever bs numbers they made up....sure >.>
They calcuate inflation on a certain basket of goods (you can google what they are). Somethings are definitely more than the quoted 7%.
I work full time in construction and restoration estimating. I picked up a side gig working at a tap house a few months ago (because Holy shit look at the grocery prices) and found out a couple days ago the tap house is closing. My wife and I will be fine, but so many people I work with are losing their only source of income. The pain and fear in that tap house is palpable right now. There is so much suffering out there, but it seems to be quiet enough to avoid notice.
You're a star, keep shining bright!
My husband and I live in NYC, and we are so tired working full-time to pay our taxes and monthly mortgage payments along with house insurance. We have 2 children. Our living expenses have increased dramatically over our annual pay raises. We just received notification from NYC DEP that they have placed a hidden tax on our water and sewage starting July 1, 2024! We will soon need to use either our emergency funds or credit cards... Suffering with no path out.
Yeah - Cash Jordan did a show on the rising water costs in NYC
Leave NYC. There is a way out. some think pretty much everwhere else in the world is a nicer place to live. My cousins have all left, they are living so much better in Philly and Baltimore areas.
How can it be a hidden tax when they tell you about it? Is NYC forcing you to stay?
I am a sole proprietor my client base is the average American. For 15 years I have been very successful almost barely able to handle the load. I was averaging about $900 a day earlier in the year and now I am making 0-250 a day at most. My rent is going up and now I’m closing my doors and have to seek out a regular job rather than able to live the American dream taking care of myself on my own. My clients arent poor people or rich people it’s the regular every day American and they no longer have the money to do business with me anymore. Doesn’t matter if I have the most reviews and insane consistency over the years in 2 counties I can’t stay open anymore
Im curious what did you do, like what business? We have noticed restaurants that used to have 40 min to an hr wait are now 0 min to 10 min waits
@@mariebowman2152 I have a dog training dog daycare/boarding people no longer have the extra cash to travel to have the reason to leave dogs with me. People now seem to find friends family neighbors to watch the dogs that used to stay with us all the time. And dog training inquiries had gone down to nearly nothing compared to busy all day every day before
I use the local food pantry on occasion (I am an actual "poor" person). I have never seen the shelves as bare as they were this month. First time no govt commodities like dry beans or fruit. Used to be tons of that.
I would say this is a very accurate "canary in the coal mine" indicator of economy in deep doodoo...
If you eat every other day you'll be fine. I'm being sarcastic obviously
@@stevenotero2627 i am fine but I would not know you were being sarcastic unless you said so. I choose to use the pantry because it preserves my small income for other uses. I fast often anyhow but for health reasons. Highly recommend Dry Fasting per Phoenix Protocol...August Dunning yt teaches how/why. After 7 days you start reverse aging. For real--I did it. Also knowing I can live 7 days with no foid or water is a bit like having a secret superpower.
I fast a lot. For health reasons. Dry fasting is an amazing blessing. 7 days with nothing not even water fixes everything.
I responded 2x already and giggle is deleting for some reason tptb find dry fasting threatening...well they are owned by the same oneswho own the medical industries....
When will people realize that corporations and government are your extreme worst enemies.
Michael, you're not gonna believe this. I've been following you for a while, the part that you are not gonna believe is that your content is perfect, I had a son at the beginning of the year, and while he was crying I often put content on speaker. To listen while I try to walk my son to sleep, you're video's are the only ones that get him to sleep in less than 20 minutes, while still informing me.
I guess you can't start early enough with financial education for your kids, maybe it's a bit too early in my case but still it is wonderful.
Now that he's like 5 months it doesn't help to sleep anymore because I have a FOMO baby, but he calms down a lot walking with one of your video's playing on the speaker.
Even when my GF comes home from the store or wherever, and when she hears your voice, the first thing she asks is "was he cranky?".
I think part of it is that you don't have any intro songs or weird tunes at random in your videos and that you talk consistently in a clear and calm way.
So I would thank you for delivering this awesome content in a pleasing to the ears manner.
A recession is when there is two straight quarters of minus gdp. That is what the definition is anyway. I know a GMC dealership in Montana that has only sold two cars in one month.
I've had the same job since 1998. I did not notice anything in 2008 different than 2007 or 2009. I only recently heard about the 2008 recession. Everyone I know has good jobs so was the same as me. I guess bad jobs were severely affected. I am also just middle class not rich.
Always entertained by your content, it's awesome!
Hi Kathy.
Thank you!
In 2008 I was not seeing homeless people camped hither and thither. Now theres a couple been sleeping in their car for last three mknths behind my Moms house...in a church parking lot. They have jobs but cant find an apartment they can afford.
My mortgage was $580 a month in 2007.
@@justinlowry6522 I ought a fixer-upper REO house in 2009 at bottom of crash...paid it off in 10 years. No mortgage is the best mortgage.
@@justinlowry6522 have you paid it off then?
Record profits for landlords. Record profits in food companies. Record profits for banks. The problem isn't "inflation" it's the corporations sucking us all dry.
Most homeless in Oregon are because they are drug or alcohol addicts
Right now are the good old days. In a while, we'll be worse than Venezuela.
Ducks wading peacefully on still water is a nice touch
So many people who are living in the system with section 8 rental assistance and help with food and medical insurance and childcare and all the other stuff that goes with it, would not realize any change because for them all is the same. You have to look to the working poor. That's where it's felt the hardest.
About gettin' laid off in a recession, how it impacts your future earnings negatively, I can verify that. I was the manager for a regional office that was closed in -09. I got a decent deal when they closed it, still it was pretty impossible at the time to get a similar position.
So I started doing other jobs, eventually I had some small businesses doing landscaping etc, but it never paid near as much as the job I had before, 'n forget about the benefits, so I probly "lost" at least as much in lifetime earnings as mentioned in the vid.
All in all though, it was more freedom, being your own, 'n more fresh air outdoors. Now, I'm retired. 😄
recession is negative gdp growth 2 fiscal quarters in a row and that gdp growth is easily manipulated by all the corrupt gears of the market.
recession is NOT JUST negative gdp growth 2 fiscal quarters in a row . . . you people have misinformed yourselves quite dreadfully and it's going to bite you in the ass of you don't figure this out
@@tachikaze222what does it matter? Would it change any decision you make?
My groceries cost over twice as much for the same things than a few years ago. OUCH
It's called inflation
$9 for a big box of cereal. $14 for a large bottle of ketchup.
These corporations are robbing us. You don't get what you pay for anymore. You over pay or do without
You could afford to skip a meal or two.
Bananas and Potatoes are cheap.
49c per pound of bananas
$3.58 for a 5lb bag of potatoes
People have spending problems; that's the issue.
Keep bringing the truth, Michael! I say let it burn
I say let it rot.
And yet I have a great job. Just bought a new truck, new boat and motorcycle....sold a house in south Florida.....paid off a mortgage in WA. Zero debt. Doesn't feel like a recession to me.
"It's not happening to me. Therefore, it doesn't exist."
@@GameBoyDame😂
it feels like no matter how bad it gets that there will just be a larger gap between rich and poor, not everyone getting dragged down with the ship. It would take some kind of complete societal collapse for the massive wealth difference to really be seen at this point.
If homelessness, crime, prices for food and shelter, consumer and government debt, bankruptcies, auto repos, increase year after year is that the sign of a healthy well functioning economy?
crime has only fallen from its peak in 2020. Food and shelter are up, but so are wages. Consumer debt as a share of income is actually better than it was pre-pandemic. Government debt is indeed a sign of a strong economy, as government debt = private sector assets. Bankruptcies are historically low. Growth is very high, unemployment is very low, inflation continues to fall. All signs of a great economy
@@grimaffiliations3671 So people living paycheck to paycheck and maxed out on credit feel like this economy is doing great? The thousands newly minted homeless many over 50 years old who can't afford food and shelter on whatever income they make feel just like you that the economy is doing great? Crime isn't a problem for you, so that proves everything is great. Government debt isn't a problem at 35 trillion and at 125 % of U.S. GDP so why don't we run it up to 100 trillion or more?
@@Resmith18SR People who are struggling dont feel like the economy is great, but all economies have struggling peoples, even in boom times. I'm not saying everything is great, thats impossible, but it is certainly a great economy by most metrics. And the number of people living paycheck to paycheck isn't particularly elevated by historic standards. People are not even close to maxing out their credit cards, as credit utilization is around 20%. Crime is has been plummeting for over a year now, thats objectively the case. Again, you're trying to imply that we cant have a well functioning economy unless everyone is doing great and crime doesn't exists, which is ridiculous. It will eventually hit 100 trillion, and that will be just as fine as the currency 35 trillion is, because the economy will have grown massively by then
@@grimaffiliations3671 I'm just curious as to how many people reading your last comment would agree with you. I'm guessing not too many. You're saying in your mind this is a great economy by most metrics. Here's a metric I just read, Clark County Las Vegas NV officials say that this is the highest amount of of homeless they have seen in 10 years. That's a sign or an example of a great economy? Why did Powell raise rates so quickly if inflation was under control? And if he lowers rates soon why would he lower rates if it's a great economy? All these people complaining about unaffordable prices for rent, food, purchase of a home, insurance, are all lying?
@@grimaffiliations3671 Also when did I or anyone ever say that EVERYONE has to be doing great financially in order to have a great economy? Why are you in the minority in your beliefs that this is a great economy? I think you are and you know it. Your saying that I believe that crime doesn't exist or that Americans don't feel or believe that crime is increasing? You're gaslighting just to get attention or you're actually Paul Krugman or President Biden.
Congratulations to your sister on her wedding day and to her beloved ❤
Thank you for all the information you bring to us, Michael; it's needed and appreciated! Blessings to your family!!
Thank you so much, Catherine. That’s very kind of you!
@@MichaelBordenaro You're very welcome Sir!
Recession,Depression,Inflation are killers for people on a fixed income.
I do ubereats in south florida. And yes - we have seasonal snow-birds who have left the area.
BUT - my orders and income have dropped off by 80-90% in the last 6 weeks - in this area.
AND - my online marketing on eBay and CList ( 25 years - 16k items sold ) has ALSO dropped off at the same rate ( 80-90% )
AND - my HOA was bought by private equity and the fees went up overnight by $ 350 per month.
Boo hoo? Get a real job lol
Private equity purchased your HOA...you need to move. Today.
That’s a real life stat right there and I appreciate you sharing it with everybody here.
News is saying “we are not in a recession” is like hoping with well wishes and trying to convince everyone that its not what everything points to being 😂😂😂
MGTOW
The main stream media is absolutely clueless. They are worthless. Don’t listen to a word they say.
Hey Michael, I’ve been watching your videos for awhile and I just wanted to say thank you for the content and keep up the good work. I love how you’re able to talk about this bleak stuff but you do it in a patient and respectful way while walking outside. Something about your videos feels like an old friend giving you info, and whatever you do, keep that going. ❤
Thanks for the videos. I watch them all during work as they help me stay up to date and also to focus. The content is great and I appreciate that you don't use over the top theatrics and tell things like they are.
You have no idea how many people don't believe that there's so many of us who are actually struggling financially (can't afford food or emgetting phone/utilities cut off, etc). Im sharing your video with everyone I know
If you are one of those who think this is “the best economy ever”, you are not that bright.
Biden???
So true... I've argued time and again. They need to stop deficit spending and be smarter with the funds they have... they won't do that. Could you imagine if we had a nation surplus of tax funds that could be used for infrastructure instead of lining the pockets of these politicians
I have a good job, and I can't afford the rent within 20 miles of my work. In January everything was fine. Housing affordability fell off a cliff.
My father always said was. If you’re neighbor loses there job it’s a recession, if you lose your job it’s a depression
Given the persisting economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
The strange thing is. If there was a different president. Everything would be great. The bestest. Consensus is that there's record traveling. Record spending. Hotels, airports, restaurants, sporting events and concerts are insanely packed!!! And yes, if u preach recession for a long time. U will be right sooner or later. And to your point. Inflation takes 2-3 years to take affect. Like right now. Thus Inflation was caused mostly from 2020.
You gonna vote for the potato again arent you
@@robertcurry9413🤣🤣🤣
Where are all the trees? Why do city parks look like parking lots these days?
Infrastructure is becoming more and more brutalist. It is very depressing.
Yeah, this wasn’t the greatest park but it was by the river so I figured I’d walk it
I got laid off and our unemployment department told us not to look for a job at Home Depot because they don't hire anyone on unemployment. (A trend at the time, believe it or not. There was a huge popular or at least very well-publicized anger at the unemployed even if they were actively seeking work.) I've seen interviews with the CEO at the time, clearly disparaging the unemployed as lazy, and he was vehemently classist in the most tediously vile way. Yet he himself refused to hire the people he classified as lazy even though they were looking for work. There is a broad sickness in society directed from the top down.
I have read other stories about that ceo. His thinking is that people basically don't want to work. How did he get so rich then?
heard about him , being not a good person . A lot of negative story about him .
*Go To Lowes* !!!!
@@maryklus1430 I guess from magic? Isn't that the way everything works from among the most oblivious, self-centered, and dumb among the uber-rich? There can be no other explanation.
I hope you at least have a tux print tank-top for the wedding. When tough times hits your neighbor, its a recession. When it hits you, its a depression.
Ha ha for this one I’ll actually dress up😉
My industry is a great indicator of recession. I am in the freight industry and there has been a significant drop in freight volume for a year and a half. Public spending hasnt stopped yet, but manufacturing has most certainly seen a recession for a long time already
We are entering a depression. There is no printing our way out of it this time. Inflation will crush us. The cannot stop spending because if they do it will be an instant depression and they aren't going to let that happen in a election year.
My son was working full time hours at a big box home improvement store, he and his coworkers just had their hours drastically cut ( he's at 15 hours a week now) during the busy season. Definitely not a good sign for the economy, and it is absolutely devastating for our household.
Must be HD. Can never find an employee there when you need one
Your household depends on your sons income - that sucke in so many ways
@kingscairn It's just my son and myself, and I have a debilitating chronic illness so I'm not able to work a regular job. It does indeed suck in every way.
@@Scentofrain. oh, sorry for that - what illness would that be ?
My main concern is how to survive all of these financial and political crisis, especially in light of the US political power struggle.
Bad year for me, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
I agree that hiring a portfolio coach is a smart move and that in this case, patience is your best friend. I make a lot of investments and cannot afford to take the risk of doing it alone. Instead, since the rona outbreak began in late 2019, my portfolio has been maintained by a qualified advisor. I only need about $86k more to reach my three million dollar ROI goal.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Vivian Carol Gioia 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 find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
For the first time in my life I am struggling to find work. The last job fired a load of people including me, that was a year ago. Now they are firing half of the department again and are trying to cost cut again. Good luck to anyone struggling. ❤
I hear ya. The place I last worked at for 28 years cut department budgets by 25% each year for the last almost 20 years.
It sounds like you have no skills.
@@patland1762the math doesn't work, at all.
Instead of a mean comment like Mrskidoodoo I will suggest maybe working for yourself while job seeking. I ended up unemployed due my contract ending and a hospital stay disabling me and started reselling on ebay part time. It's a slow grow but some people do well at it. Everything you need to learn is on youtube. I was highly skilled but found this a good option after not being physically able to do what I once did.
A lot of these employers nowadays, or even doing a bait-and-switch tactic. I know of a couple of people that have put in for jobs saying that it's one thing, go in for the interview, and it suddenly for something else and making far less money then what they advertised!! You can't even trust who you're even applying for a job with!! It's jacked up, not good??👎