Trump economic policies could certainly lead to significant economic consequences for the U.S, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what can I do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
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.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own.
Rebecca Lynne Buie is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
Describing Trump's actions as successfully bankrupting the casino describes Trump as well. Failure who has succeeded in so many ways. I predict that this video is right and his string of successes will finally end and his cult following will finally turn on him. The midterms will tell the story if not sooner.
To everyone saying "they will see" or "just wait" haven't learned. "They" never see, "they" never understand the consequences of their actions because they will always divert blame. Their whole lives could fall apart and their actions having anything to do with it would never occur to them...not in a million years, It's just not in their nature. The screens and talking heads tell them exactly that. No matter how bad it gets do not expect any sort of awakening among the ignorant in fact expect the opposite. They will go from just blaming to justifying revenge, so be prepared because they will divert blame unto their dying breathe.
As someone who owns a Tesla, I can tell you first hand that Elon Musk has purposely kept Tesla’s work force down to a minimum so he doesn’t have to pay wages. This means that the customer service is very slow, so when you drop your car off for simple repairs like brakes, you can expect that your car will be at their service center for a couple of weeks. So when Trump lets Elon do his “Government efficiency”, he’s not talking about government acting faster, he’s talking about reducing paying government workers. So you can expect your Medicare, SSI to be approved at a much slower rate when they make their changes. Have fun folks.
Yes being financially efficient also often means eliminating any and all redundancy. Is it really worth putting everyone in a constant state of overwhelm to save a few bucks? What happens if there's a crisis?
Also, with less workers they are on the clock for more hours therefore, making mistakes could become an issue. I hope you're feeling comfortable and that you stay safe in your "Tesla".
@ I can’t tell if you’re being sarcastic or not. I bought the car in 2013, and it has been enjoyable and very safe, if not quirky. When I bought, Musk wasn’t the front and center of Tesla like he has been the last 6 years. He was just a board member back in 2013, and I didn’t buy it because of him, hell, I didn’t realize he was part of Tesla till about 2016 or so.
2:20 One correction. Farm owners in large will NOT raise prices. Farms are price takers not price setters. I have zero control of the price i get for my products. What will happen is crops won't be harvested and won't even be planted. There already is no extea money on most farms to pay higher labor. Farms will go bankrupt, and farm land will be sold with much going to land developers never to be farms again. Prices at the store will go up as supply goes down. Imports will increase, resulting in higher prices and even a larger carbon for print.
Coming from a family of farmers I agree. This is such a shame what’s happening and all because people think they like him because he’s outspoken (Ludacris) , the cost of groceries & simply because they don’t understand how it all works. The division & hatred going around is what really gets me when I hear people comment about that when he is the reason this has started. He is incompetent & a bully. All I can say is they will see soon enough
@@loulou5069 Well said. I heard from someone who claims to have done a lot of research on the subject that more farmers went bankrupt during the first trump administration than at any time since the 1930s Dustbowl. That also opens the doors to not only developers but also large foreign buyers. I've heard the Chinese not only own some food processing companies but are also buying farmland. I don't think eithe should be allowed.
Fully agree, in the United Kingdom (UK) after leaving the European Union (EU) farmers lost their seasonal labour (this was not illegals but fully legal in that inside the EU there is full freedom of movement and large numbers of people from the less developed parts movevaround and undertake seasonal labour) and the result has been that UK vegetable and fruit farmers have given up and all these foods are imported ...from the EU and Africa.
@ There are so many ‘American’ brands that are foreign owned it is mind blowing! Last year I read a few articles about how that the vast majority of U.S. farmland (over 80%) is owned by Chinese corporations or investors & they are all owned by Smithfield Foods! They were Purchased in 2013 by a Hong Kong based WH Group for 4.7 million or something like that. Smithfield is said to be the largest U.S. pork producer. At the time of the article it said that nearly 384,000 acres of farmland in the U.S. are now Chinese owned. I have also read these brands are all foreign owned -Armour, Farmland, Healthy Ones & im sure there are more I just haven’t read up on it lately but it’s frightening in my opinion. I will try to attach the link here if you’re interested.
@@benjamindover4337Oooooo, got 'er! NOT. Guess you're just ballin?? Naaaahhhh, people whined about the economy but it's really about hatred, people much like @benjamindover4337. Get out your parents basement, dude.
"They will be very upset." Who? The ppl that voted for him? I think we should let history be our guide. If the economy starts turning south, they'll only listen to Trump's own deflections and finger pointing. No matter what happens, they'll never believe it was Trump's fault...because he'll never say so. And his word is their gospel.
like majorie traitor greene said, we need a national divorce. these magas are hell bent on destroying the country, so we might as well work towards that outcome.
The core Trump voters may buy all his excuses and finger-pointing. But the marginal Trump voters, the new ones and the crossover former D voters, will be less hypnotized. Many weren't on the Trump train until this election, or got off the train and now got back on. So high inflation (he ran against inflation) and the excesses of his deportation policy, etc., will drive his support (job approval rating, etc.) down to just his core (low 40%s, high 30%s). Just my guess but I'm pretty sure about that. It's what we saw when his COVID policies made the situation worse.
This is very true, his cult followers will never blame their idol. It will be fault of “enemies within” whoever the orange guy will chose to be when the time comes. Presenting fake statistic, finding scape goats and implementing “patriotic” laws that will punish people who criticize him and his policies will be our future under this president. I lived in USSR I saw how it worked, and our guy is a big fan of putin. I sure hope that I am wrong….
This country is full of really uninformed, misinformed, and generally unthinking people, because of them we all have to suffer. I would have moved abroad at this point if I had the means.
I’ll be selling everything I own and hopefully end up with about $600k. With my pension and social security my monthly income should be about $3600. I want to buy a boat big enough to live on and move to Canada. This will take a year or two. You have to apply for a 6 month visitor visa. I am 76, but pretty healthy. I won’t live in a country that is stupid enough to elect a criminal sociopath.
@@kokolanza7543 No. Not even close. No one is fleeing Holland. Very few Mexicans have any interest in your silly country. The migrants are coming from Central and South America, places so horrid that anything Trump is likely to do is less bad than what they are fleeing. It is quite possible to have a nice country. It's this attitude that the US is s*** but that's ok because everywhere is s*** that is making the US a s*** place to be.
Maybe not in open markets with plenty of competition, but so many markets from food to technology have only a small number of huge players, almost all of which have shareholders looking for massive returns - no one is challenging the hegemony, there's no pressure to lower prices in any significant way.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
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.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Spending on healthcare doesn't bother me. Spending on foreign aid doesn't bother me. Spending on food for mothers, infants, and children doesn't bother me. Spending a billion or so dollars to make the Trump family richer bothers me.
@@DGDfan13 Yeah. And we're supposed to be good "patriots" and be proud of our history of genocide, slavery and exploitation. Part of why this white populist takeover wants to end public schools and turn education into a Christian indoctrination mill. They don't want young folks knowing too much.
The New York Times 2019-January (‘It’s Just Too Much’: A Florida Town Grapples With a Shutdown After a Hurricane): “I voted for him, and he’s the one who’s doing this,” [Crystal Minton] said of Mr. Trump. “I thought he was going to do good things. He’s not hurting the people he needs to be hurting.” You're right - there will be more quotes like that in Trump's second term.
@tj7870 We hate no one but Taylor Swift. Seems it's been the Left doing the hating, these last several years. BLM, defund/target law enforcement, assassination of police officers, assassination attempts on political rivals.... all the Right did was break into a bldg.
@carflexee The unconditional love shown when ignoring the physical/mental condition of the CinC, or his demonstrably detrimental border policies, or his reactive, vs proactive, foreign policy? That kind of unconditional love?
Yes, those who voted Trump in are in for a rude awakening-but whether they are willing to recognize the reality of who got them there remains to be seen.
weere going to remember what you said and add it to the ten thousand things you have been tottaly wrong about. you would think at this point having failed this many times you might want to recalibrate and maybe listen to some new view points to see what other people have to say about whats going on. i typically like to listen less to people who turn out to be wrong and listen more to the people who keep making accurate calls liberals instinctually do the opposite.
Am a professor of applied math. After the election, I had a discussion with one of my undergraduate classes about the election (if this seems strange, it is; many were upset and wanted a discussion). I told them almost exactly what Krugman said in this interview (but, I didn’t think that Trump will simply deny inflation and get statistical agencies to lie about it. That’s truly authoritarian). 90% of my students were terrified of the upcoming inflation, likely recession, and what crimes Trump will commit. However, 10% insisted everything wonderful will happen. They insisted his tariffs can’t be inflationary. They insisted that American manufacturing will immediately start coming back. They said that Americans will start doing meat processing and farm work. When I told them that Trump is going to violate the WTO and North American free trade rules and the result is that the US will be cut of trade deals that they normally would be involved in, they said that the US is too big to ignore. So, this was 10% of my class. Trump’s cult is far larger in the overall population. So, to add to Krugman’s points, I’d add that many right wing media outlets are simply going to deny that inflation is happening and that the economy is slowing or in recession.
Wait. We will put tariffs on products that it make them so expensive to buy import products and begin buying American at the higher prices. Add that to the fact that at 4% unemployment and mass deportationW there will be no one to staff the American manufacturers. We are headed for a cluster F***.
Yeah. I mean, Trumpers voted for the guy on the promise that he would bring prosperity "immediately" among other things. once the prices begin going in the wrong direction, people are going to feel it in their wallets, and I suspect that even right-wing news media won't be able to escape coverage of it. Trump will make up excuses as he always does, but will he be able to get away with blaming the democrats even though he's got full control of Congress and the courts? Remains to be seen. However, I'll point out that I have a couple of MAGA friends that I speak to regularly about this, and those that don't dismiss the economic perils that lie ahead say that it's "necessary" to get the country back on track and they're willing to suffer economically for awhile until that's done. How long... that's the question. Lots to look forward to in the coming years.
We made it out of the Pangamic without a recession (Best economy on the globe) - Unemployment low 4% for more than 2 years - Black worker unemployment low 5.6% - Poverty rate low 8.3% - Gas prices Low $3/gallon - Real wages Up - Stock Market Up - Personal Saving up - Savings up 5.7% - The US is producing more energy than it is consuming
We don’t eat that many eggs. Y’all are forgetting we can’t just be gaslighted on the economy. We already lived in a trump economy and a Biden one. It’s not that easy to just lie about it and hope that’s enough.
From a few weeks ago - " For more than two years, farmers have fought a battle with a fatal strain of bird flu that continues to disrupt the U.S. egg supply. At one point, the shortage sent the price of a dozen regular eggs soaring to almost $5. Prices retreated somewhat, but they’re going up again. The current spike coincides with shifts in shopping habits. Demand tends to rise in the fall and winter, says Brian Earnest, an animal protein economist with CoBank. Seasonal baking calls for increased egg use in home kitchens. And students of all ages go back to eating meals in cafeterias and dining halls, where eggs might feature prominently. Meanwhile, flocks of egg-laying hens are smaller because producers haven’t recovered from losses to bird flu over the past two years, Earnest says. “It seems like they can’t get over this bird flu outbreak issue. The H5N1 outbreak started in early 2022 and quickly grew into the largest bird flu outbreak in U.S. history. As of Oct. 8, the virus has affected nearly 100.8 million birds in the U.S. since January 2022, according to the Centers for Disease Control and Prevention. With so many birds lost to the virus, egg production isn’t keeping up with consumer demand. That egg shortage has pushed up prices, which will remain volatile until producers rebuild their flocks and increase egg production."
The fact is, we are a global economy. You can’t put that genie back into the bottle. We Americans want MORE stuff for less money, and that’s about to change. The only upside I can see is maybe it will keep us from buying so much cheap plastic crap that ends up in the landfill!
Right, but you also have to take into account that we’re living through a homeless epidemic; and I do wonder, if the economy gets worse, how many more thousands or maybe even millions of people and families will become homeless. There is often a direct correlation between an economy in decline and an increase in the homeless population.
I’m just grateful to still be alive post covid. Everyone alive today lived through a world wide pandemic! President Biden helped us through a dark time.
I wonder if "mass deportation now" is just the 2024 version of "build that wall." He doesn't really need to do anything about immigration. it's already been decling in the last months of Bidens term. He can simply come in, tweet out "I'm doing GREAT on the border! Look how LOW immigration is because of ME!" and it would be enough to satisfy his followers. What he does never really mattered, he just needs to speak to his peoples anger.
He separated tens of thousands of children from their parents in his term. Many of whom have still never been rejoined. He will absolutely do some disgusting deportations.
This is my theory, too. A few months after taking office Trump will take credit for the “economic recovery” and back off of many of these campaign commitments around deportations and tariffs. If he does go through with his campaign plan, the GOP will likely lose the House in two years.
Oh! I get it, we are going to cut taxes and increase the deficit. Then add in tariffs and you have the perfect storm. People will get what they deserve.
@@jillfeatherman5523 Because talking logic to people doesn't work. MAGA just insults or refuses to offer a rebuttal. No amount of reasoning or logic will get through their thick skulls. I mean who turns their heada on Jan 6th? Who turns their heads on a guy that says he will get rid of the Constitution or stay in office indefinitely? Who turns their heads on a predator that grabs women pus××¥ or assaults women? Who? For cheaper groceries? Gas? People who voted for Trump sold their soul to him. News flash. Groceries won't go down. Gas won't go down. Inflation will skyrocket with his "concept of a plan". Largest tax cuts in history? Where will he get the money for those tax cuts? Where? Cut Social Security, Medicaid and Obamacare? The very safety net of the middle class and the poor? Maybe print more money? Do you think cost of goods are expensive now wait till the printing press of money goes haywire. You will then definitely see Argentina or Turkeys style inflation. The deficit will go through the roof.
I find it laughable this idea that once the cheap labor is all shipped south that the homeless guy living under a bridge will suddenly show up to harvest your lettuce for $15 an hour. For many years now in construction and other back-breaking tedious jobs it's only the brown skinned workers showing up each morning. I met a group of Mexicans here in Washington State.... Making $70 a 10 hour day harvesting cherries. Pay a living wage for that work and you will never purchase another cherry
So you’re openly celebrating and embracing the exploitation of migrants just because you want cheaper food. You are ok with these people being paid pennies while working in inhumane conditions just because you want cheaper cherries? How out of touch can you be? Wow. That really show your priorities. Openly calling for exploitation of millions of vulnerable people and people being paid below living wage just because you want to save a few bucks on groceries really shows how selfish and self centered you are. Get a grip.
@DogeickBateman Keep drinking the Kool Aid unless you're a Venture Capitalist or making over $500k you'll lose value. Checked my 401k the day after election jumped up 14%. Checked this morning and has dropped 10%. He's not even in office and it's already affecting how much I have
No empathy!!! That most of his supporters will fare worse than me, brings me joy!!! You wanted this & now you have it. Good luck!!!! We will all suffer for their ignorance & plain stupidity for believing his lies 💙
here I am doing very well financially have no children or husband to spend my money as tax breaks benefit me, but I voted for Harris because he's a con artist, and we know all the other adjectives to describe him. So let all these people who make very little money, see that eggs aren't going to cost two bucks again they're gonna cost 20 bucks and they won't be able to buy a car because of the tariffs.
they voted for curtain number 2 based on blind faith, and their own interpretation of what he was saying, without really inspecting what was inside, death and destruction
After delving into the political history of the United States, I believe the Democratic Party played a central role in addressing many crises that resulted from the policies of the Republican Party, especially in the 20th century. Although America's history spans just over three centuries, the impact of Democratic policies has been clear, particularly during times of major crises. One of the most prominent examples of the Democratic Party's role was during the Great Depression, when President Franklin D. Roosevelt (FDR) led the country through this difficult period. Thanks to his famous reform plan, the "New Deal," which included programs to assist the unemployed, support agriculture, and financial reform, he was able to mitigate the devastating effects of the depression. FDR's policies were not limited to domestic issues; they also included careful oversight of reshaping the global economic policy after World War II. He led the United States in enhancing its role as a global superpower and took the initiative in establishing international organizations like the United Nations, which became a key center for fostering cooperation among nations. But the Democratic Party's history doesn't stop with Roosevelt. It also includes President Woodrow Wilson, who played a significant role in shaping U.S. policies on the global stage in the early 20th century. During his presidency, especially during World War I, Wilson pushed for the United States to become an influential force in global politics. Through his "Fourteen Points," he sought to establish a global peace policy and enhance international cooperation, which eventually led to the creation of the League of Nations. Although the League of Nations did not succeed in its mission as expected, Wilson's legacy in promoting diplomacy and international negotiations is still felt in U.S. politics today. Following World War II, the Democratic Party adopted the Marshall Plan, led by Secretary of State George Marshall under President Harry Truman's administration. This plan was one of the greatest initiatives in U.S. history, providing massive aid to rebuild Europe, which helped stabilize the global economy and boosted U.S. influence worldwide. This move demonstrated the Democratic Party's ability to positively influence international policy and its support for global peace and stability. Today, the policies of the Democratic Party continue to have a significant impact on U.S. foreign policy, particularly in areas such as international cooperation and global security. The Democratic Party has always been a proponent of working with the United Nations and other international organizations, striving to enhance diplomacy and resolve conflicts through dialogue rather than military force. Their continued support for technological innovation, such as investments in research and development in fields like nanotechnology and renewable energy, has contributed to strengthening America's position on the global stage. However, when we look at the history of the Republican Party, we see that many of its presidents made decisions that led to serious crises, despite the party's reputation for policies aimed at reducing government size and increasing military spending. For instance, George W. Bush's decision to invade Iraq in 2003 had disastrous consequences for stability in the Middle East, resulting in massive human and economic losses, as well as increasing divisions in the Arab world. This war negatively impacted the United States' global standing, showing how sometimes Republican policies exacerbate crises. Moreover, Ronald Reagan's economic policies, known as "Reaganomics," while positively impacting markets at certain points, also led to a massive increase in the federal deficit and widened the gap between social classes. Reagan, who focused on tax cuts for the wealthy and increased military spending, aligned economic policies more with the interests of large corporations than with the goal of strengthening the middle class and lower-income groups. Many critics argue that Reagan's policies favored the rich at the expense of the middle and lower classes, contributing to the accumulation of U.S. debt and greater social inequality. On the other hand, I believe that the economic system that has proven successful in balancing social justice and economic prosperity is "social liberalism." This system integrates capitalist economic principles with policies that support societal welfare, such as healthcare, education, and social security programs. This model has been successful in many developed countries, such as the Scandinavian nations, which enjoy the highest levels of social welfare by providing free healthcare and education, while also supporting the national economy through progressive taxation to fund social programs. For example, Sweden, Norway, and Denmark are among the leading countries that have adopted social liberalism as an economic and political strategy. In Sweden, the economic system features a strong social safety net, including free healthcare and university education, which helps reduce social gaps and achieve economic equality. Progressive taxation is applied in these countries, which helps fund these services and promote sustainable economic growth. In the United Kingdom, the Labour Party's policies, under the leadership of Tony Blair, followed similar principles by offering free healthcare programs through the National Health Service (NHS) and many policies aimed at reducing poverty and enhancing equal opportunities, alongside focusing on strengthening the economy by integrating capitalist principles with government support for citizens. In the United States, despite significant challenges in implementing social liberalism, Democratic policies such as healthcare reform (the Affordable Care Act, also known as "Obamacare") and programs like Social Security demonstrate how economic growth and social justice can be combined. Comprehensive healthcare and affordable higher education could improve citizens' economic lives and enhance the U.S. economy's ability to compete in the global economy. In the end, I believe the Democratic Party has been more effective in addressing modern issues, whether in economic, social, or foreign policy. While there have been criticisms of certain Democratic presidents' policies, the party’s history shows that it has always been at the forefront when it comes to addressing major crises and advancing the well-being of American society as a whole. Meanwhile, the policies of the Republican Party have often contributed to increasing economic and social tensions and exacerbating global crises.
Not a problem. That will be something else Trump can blame others for - "It's all the Canadians' fault. I had a perfect plan. Everybody said it was brilliant. Even the late-great Hannibal Lector. And the Canadians couldn't stand me being so smart." Then come the personal insults, and insulting remarks about Canada. Problem solved!
@@redlightmax In all fairness, all Americans might need to learn the hard lesson that they live in a participatory Democracy. My takeaways from this election cycle is that the education system needs to teach civics and economics and that when Democrats pander to the middle everyone loses. I'm reminded of the quote "The left wind and right wing belong to the same bird".
I really hope they get it all in the first 18 months, before the mid terms. And I hope all red states suffer a lot by his policies. All of them. And hope he deports millions of his Latino voters “by mistake”.
I......don't. I don't want to see people hurt. What I hope is that people wise up. I want to see people succeed and not live in fear of starvation or deportation. I don't want anyone to feel misery, even if it's "deserved".
a tariff is a tax on a domestic business that receives goods internationally to be exported into the US. For this example, let's just say iPhones are manufactured in China. Trump has said he wants it to be up to 60%. so say an iPhone is at wholesale is worth $1k each. Apple will have to pay $600 as tax to receive that one iPhone, which means Apple will charge the customer that $600 or more to obtain that one device. so now that iPhone cost you $1,600+ whatever the mark up retail price is, instead of $1,000+markup, when Biden was in office.
I own a toy retailer. 99% of toys are made in China. A tariff simply means the Chinese factory still gets their $5 per action figure but now I also write a check to the US federal government when that toy hits the US port of entry. China pays exactly $0 more. US citizens then cover that extra tax/duty cost at the register. The hope is that I’ll be more likely to produce the goods domestically but that is not going to happen unless Americans want to pay $40 for their action figures.
@@bluehorseshoe23you're clearly not an economist. Toys, now being more competitive, will arrive in the market from all over. You will not order Chinese toys because they won't be competitive. China will lose money because demand for chinese goods will shrink.
I'm a PhD student in Economics at Duke. I did my UG at Stanford in Economics. Let me tell you, the collective "Oh shit" from economics faculty here has been insane. Basically everyone universally agrees that Trump's plans will likely mean massive hyperinflation, to an extent we likely will not ever see again. 20% will look like a joke. People don't understand just how easy it is for an already fragile market to go wild. Inflation can happen REALLY fast if we aren't careful, which is why most economists here generally thought that Biden and Powell were handling things well.
@@user-if1de8pt2j I don't know when Jay Powell's term is up, but he said he will not resign if pressured by Trump. So high inflation will be met by restrictive monetary policy. I suspect Trump will see the error of his ways, and reduce the insane Chinese tariffs to 10-20%, in light of high inflation. He may also find it hard to make a significant dent in the immigrant workforce due to the high cost of deportations and the negative pressure from industry. The results may not be as bad as my fellow economist fears, because Trump may bail out when things get tough. So forget the published paper and observe what policies are actually pursued over the next four years.
@@user-if1de8pt2j He won't be able to do the things he wants to, such as 60% tariffs and deporting millions of illegal aliens. So there is no meaningful way to test his hypothesis.
Well said but nothing new if you have been paying attention. That's why so many are in shock that he was reelected and angry because of what he will do. And this is just the economic ramifications!
Quote from a date farmer in Arizona. "I never saw a gringo climb a palm tree." And another from a worker in northern California. "You think a gringo is gonna prune pistachios."
I'm not even sure there will be any buyer's remorse here. The situation will get worse, and his fans will only reinterpret it at progress or it being the fault of [insert whichever group is demonized this week].
Trump voters, and those 8 million Biden 2020 voters who didn’t vote for Harris, deserve full implementation of these Trump policies! Trump opponents should insist that he fulfill his promises!
No, they knew exactly what they were doing and even though they’ll be left to deal with the consequences for themselves they’ve succeeded in their main goal of hurting everyone else.
the percentage of food dollars that farmers get is very small. /pennies on the dollar. Deporting farm workers will leave food to rot in the fields and livestock numbers cut. Empty shelves is likely
@@janetl9984 Increased imports from other food-producing countries (Mexico, Chile, Brazil, etc), that will eagerly make up for any lost US domestic supply.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
USPS workers are paid 13% below where inflation went without them. And they haven't gotten any raises for 600 days and counting. Their union, the NALC, just drew up a tentative agreement (TA) that gives 1.3% raises three times until the next contract and reduced the time to max pay to ten years (previously 13.3). The USPS is supposed to pay a competitive wage to the private sector. That's UPS. All others are contractors and thus, are not comparable. The UPS has negotiated a 4 year journey to max pay and significantly increased wages to match the danger, toll on carriers' bodies, and long hours of their career. They also do not have to pay for health care, whereas USPS employees just got saddled with a 20% increase in their benefits costs. Then we elected one of the most anti-union presidents we've had since the time when unions had gangsters running them. He will make Ronnie look like a saint and he lied right to workers' faces to convince them that it won't happen to them. smh... The world economy and our freedom is going to hell in a hand basket, during my lifetime. If you are rich - it will come around for you when we get hungry enough.
When "Americans" cannot afford to house granny in a care home that runs on cheap labour, on what street, at what bus shelter or in what emergency room will granny get to be dumped.
and now they are going to spend much less here in the US economy, that is why in the first Trump administration there was a record sending of money to Mexico every month by immigrants, they thought that at any moment they would be deported and now with the threat of "largest deportation", their money transfer will increase a lot and less spending here, these are really dumb ideas..
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Funny how "Are tariffs bad?" spiked in Google searches right before and after election day. You would think that people would do more policy research beforehand, but here we are.
No it’s not. You’re like Elon musk and all the Trump cultists: “vote like your life depends on it because if the Dems win we will no longer have an America 😱” . Their exaggerated fear mongering about harris being some open border woke Marxist was so ridiculous. I’m sure there’s a correlation between people’s amount and type of media consumption and hyper anxiety about the other side. I’m not happy Trump won. I worry about some of the changes. But I mostly worry about how everyday will be a non stop ambulance siren sound from liberals screaming “listen to what Trump said today!! 😱😱 “
You're saying nobody cares about the fact that Trump's policies are going to make prices even worse, and it's going to be even harder for his cult numbers to afford their basic necessities?
@@Semper_Iratus hey heres some iq points you can have on the house, looks like you could use them. You are doing exactly what they are saying trump will do. Let me ask you this if someone does somthing thats bad and, then someone else also does that bad thing. Does that not mean they both did the same bad thing. Just because a bad thing was done does not mean we let another do the same bad thing
Here in Europe we're quietly and firmly untying the mooring lines that have lashed us to the United states (and its superficial, ever changing whims ) for eight decades . You may well wake up one day (and sooner than you think ) to find Europe as your most powerful advisory !! Wouldn't that be ironic !?
Living in Germany and the US, I advise Europeans to get off their high horses. The situation in Germany looks pretty bad to me. Right now, the whole world seems to be a big mess and we don't know what the outcome will be.
@@DuffyGabi Their job is to hold truth to power. Alerting the public as to who is a danger to the country vs not IS THEIR JOB. I don't know, maybe a 34x felon and convicted r*pist while bankrupting 6x businesses is not qualified for the most important job on the planet -- but is just fine and dandy with you?
Already, I can see wild swings in the stock market due to the Trump win. I've been holding cash since 2021 but ready to take advantage of the current market situation. What are the best 5 stocks to buy now please?
“DCA" is the golden term. My dollar portfolio is made up of 15% PLTR, 15% TSLA, 25% NVDA, 15% VOO and 30% in digital assets, credits to my advisor. I've made over 80% capital growth minus dividends this year alone. It's sure getting better with the Trump economy.
Personally, I take guidance from a well-spoken advisor, ''Sophia Verdekal O'neal.'' She's quite known in her field of work with over two decades of experience.
Funny how none of the slanderous comments have a rebuttal for the actual content of the show, rather the people delivering it. Tells you all you need to know.
There's more uneducated people in America than college grads. Even then some logical smart non educated people voted for Trump and knew better. Hate is a terrible voice.
@@rxonmymind8362 What this election shows you is that you can't just use the word "hate" to make a sweeping generalization of Americans that you share this country with. People will now ignore that and chalk you up to someone who just doesn't properly analyze a situation, rather sticks their fingers in their ears and shouts you down while stomping.
@@BrandonZarbo you couldn't be more wrong. I've analyzed this situation from economic standpoint and from a constitutional standpoint and on both counts Trump will destroy the economy and he will attempt to run for office again. I can guarantee you on both of those counts. He claims he will give the largest tax break in history. How will that be paid for? There are only three choices. Print more money. Takeaway benefits such a social security Medicaid what's your parents and myself have paid into. Text the middle class in the lower class into Oblivion to pay for the trillionaire tax cut.
I beg to differ. Most Trump supporters will rationalize a way to let him and his policies off the hook for the skyrocketing inflation, food shortages, labor shortages, etc. People are determined to like him and will support him, no matter what. 🇺🇸💔
Do NOT buy anything using loans (housing) or credit. Interest rates will go up because of the use of tariffs. For those who want to discuss, search what tariffs are, the effects on an economy and the job market.
No, if inflation goes through the roof over the next few years, now might be exactly the time to take out a loan or mortgage ... as long as the interest rate remains fixed. Hyperinflation will reduce the burden of the "low-interest" debt load ... and we'll all be millionaires! (although a loaf of bread might cost $500).
F. A. F. O. ! The American people voted for this: they need to accept responsibility for their actions. But to be fair, if the economy does go down, at least Republican voters can console themselves with the thought that the billionaires will do just fine!
We already know...high inflation for the left...total denial on the right..or justification "trump NEEDED to raise prices to make american great again"...they always find a way.
@@zheuscher He's not a journalist. His job probably matters more to your life than these biased pundits, but it's their very very easy job to sit down and write about the truth, which both sides have sucked at.
@@crosstraffic187 It is not that I do not fear exactly what the editorialist is portending. We all have memories of the disheveled administration he ran that last time. Still, why get on the lifeboats before embarkation? The next 4 years are absolutely going to suck. This is the prepping that rational people should have been engaged in, while others were stockpiling ammo, toilet paper, and Slim Jims.
Tell every Trump voter you know how great everything is the next four years (even when it’s not for them) If you can’t beat em, join em. Maybe they’ll get sick of hearing how great we’re doing..,
We can replace them with kids…where else are we going to find a populous willing to work on a national minimum wage of $7.25/hour and untaught about unionizing…I just learned for youth workers under 20, it’s $4.25/hour for the first 90 days. Not only agriculture, but what color are the road construction crews, hotel/casino housekeeping, janitorial workers, bell staff… We can all be like Arkansas’s under Gov. Sarah Huckabee Sanders w/Youth Hiring Act of 2023, no longer have to fill out a one page for to verify kids under 16.
LOL good luck with that... They did an experiment about a DECADE ago... They paid Americans $20/hour to pick fruit in the fields. AFTER ONE DAY Americans QUIT and didn't come back. At $20/hr... A DECADE AGO.... Today? Once they get rid of all the illegals.... They will be using PRISONERS as slave labor. WATCH.
As a regular reader of his column, I feel the words used here are all too familiar. But hearing him say "as a citizen I'm terrified" aloud is a different kind of experience. Now I think I understand that he means it not only in an intelligent sense, but also in an instinctive sense. An authoritarian regime really scares people like him...
No! Nowhere near a majority! 72+ million voters out of a population of 333 million is less than 22 percent. Blame that 3 percent of the US population who voted for Biden in 2020 but didn't bother to show up this year. We do not deserve the chaos and destruction that will be coming.
Trump's policies had been viewed by many experts as more positive for the financials sector, spurring this massive rally. It's enticing to consider purchasing some stocks, I'm contemplating investing more than $300k. Thoughts?
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisr chooses entry and exit orders
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Trump economic policies could certainly lead to significant economic consequences for the U.S, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what can I do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
That sounds like a good idea. Could you share some details about your financial advisor? How can I get in touch with her?
Her name is. Annette Christine Conte’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
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.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organise my finances prior to retirement. Could you provide me with access to your advisor?
Rebecca Lynne Buie is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
he appears to be well-educated and well-read. I ran a Google search for his name and came across his website; thank you for sharing.
the assertion that "I know better than the fed" is made by a man who successfully bankrupted a CASINO.
Bingo! My thoughts exactly.
Complete insanity
Describing Trump's actions as successfully bankrupting the casino describes Trump as well. Failure who has succeeded in so many ways. I predict that this video is right and his string of successes will finally end and his cult following will finally turn on him. The midterms will tell the story if not sooner.
Several casinos, as they stole each other's customers because _he put them into the same city_.
I hadn't heard him say that. It's not surprising that he said that. Still horrifying
Just no respect for anything
To everyone saying "they will see" or "just wait" haven't learned. "They" never see, "they" never understand the consequences of their actions because they will always divert blame. Their whole lives could fall apart and their actions having anything to do with it would never occur to them...not in a million years, It's just not in their nature. The screens and talking heads tell them exactly that. No matter how bad it gets do not expect any sort of awakening among the ignorant in fact expect the opposite. They will go from just blaming to justifying revenge, so be prepared because they will divert blame unto their dying breathe.
Yep. They’ll blame Biden or some other scapegoat.
Key words “dying breath”
This ^
When trump fails his cult will blame Dems and that the Republicans didn't go MAGA enough.
That's agreeable, sadly. However, even if you're correct-just wait.
As someone who owns a Tesla, I can tell you first hand that Elon Musk has purposely kept Tesla’s work force down to a minimum so he doesn’t have to pay wages. This means that the customer service is very slow, so when you drop your car off for simple repairs like brakes, you can expect that your car will be at their service center for a couple of weeks. So when Trump lets Elon do his “Government efficiency”, he’s not talking about government acting faster, he’s talking about reducing paying government workers. So you can expect your Medicare, SSI to be approved at a much slower rate when they make their changes. Have fun folks.
Yes being financially efficient also often means eliminating any and all redundancy. Is it really worth putting everyone in a constant state of overwhelm to save a few bucks? What happens if there's a crisis?
Also, with less workers they are on the clock for more hours therefore, making mistakes could become an issue. I hope you're feeling comfortable and that you stay safe in your "Tesla".
@ I can’t tell if you’re being sarcastic or not. I bought the car in 2013, and it has been enjoyable and very safe, if not quirky. When I bought, Musk wasn’t the front and center of Tesla like he has been the last 6 years. He was just a board member back in 2013, and I didn’t buy it because of him, hell, I didn’t realize he was part of Tesla till about 2016 or so.
Ah, so basically “just in time” mentality, but on the service side of things. 🙃
like the USPS?
2:20 One correction. Farm owners in large will NOT raise prices. Farms are price takers not price setters. I have zero control of the price i get for my products.
What will happen is crops won't be harvested and won't even be planted. There already is no extea money on most farms to pay higher labor. Farms will go bankrupt, and farm land will be sold with much going to land developers never to be farms again.
Prices at the store will go up as supply goes down. Imports will increase, resulting in higher prices and even a larger carbon for print.
and the price setters are food processors and transporters who add quite a bit to the price.
Coming from a family of farmers I agree. This is such a shame what’s happening and all because people think they like him because he’s outspoken (Ludacris) , the cost of groceries & simply because they don’t understand how it all works. The division & hatred going around is what really gets me when I hear people comment about that when he is the reason this has started. He is incompetent & a bully. All I can say is they will see soon enough
@@loulou5069 Well said. I heard from someone who claims to have done a lot of research on the subject that more farmers went bankrupt during the first trump administration than at any time since the 1930s Dustbowl. That also opens the doors to not only developers but also large foreign buyers. I've heard the Chinese not only own some food processing companies but are also buying farmland. I don't think eithe should be allowed.
Fully agree, in the United Kingdom (UK) after leaving the European Union (EU) farmers lost their seasonal labour (this was not illegals but fully legal in that inside the EU there is full freedom of movement and large numbers of people from the less developed parts movevaround and undertake seasonal labour) and the result has been that UK vegetable and fruit farmers have given up and all these foods are imported ...from the EU and Africa.
@ There are so many ‘American’ brands that are foreign owned it is mind blowing!
Last year I read a few articles about how that the vast majority of U.S. farmland (over 80%) is owned by Chinese corporations or investors & they are all owned by Smithfield Foods! They were Purchased in 2013 by a Hong Kong based WH Group for 4.7 million or something like that. Smithfield is said to be the largest U.S. pork producer. At the time of the article it said that nearly 384,000 acres of farmland in the U.S. are now Chinese owned.
I have also read these brands are all foreign owned -Armour, Farmland, Healthy Ones & im sure there are more I just haven’t read up on it lately but it’s frightening in my opinion. I will try to attach the link here if you’re interested.
This shouldn't be a surprise. Economists have been saying this for months. People voted to pay more and support the wealthy.
Maybe it's time to stop being poor, Amanda.
@@benjamindover4337Oooooo, got 'er! NOT. Guess you're just ballin?? Naaaahhhh, people whined about the economy but it's really about hatred, people much like @benjamindover4337. Get out your parents basement, dude.
@benjamandover outta here with your little shoebox money, boy.
Not even the wealthy benefit from tariffs, they are just dumb all around.
Sadly, the vast majority of Americans are ignorant about the issues, not to mention how our government works, as well.
"They will be very upset." Who? The ppl that voted for him? I think we should let history be our guide. If the economy starts turning south, they'll only listen to Trump's own deflections and finger pointing. No matter what happens, they'll never believe it was Trump's fault...because he'll never say so. And his word is their gospel.
like majorie traitor greene said, we need a national divorce. these magas are hell bent on destroying the country, so we might as well work towards that outcome.
The core Trump voters may buy all his excuses and finger-pointing.
But the marginal Trump voters, the new ones and the crossover former D voters, will be less hypnotized. Many weren't on the Trump train until this election, or got off the train and now got back on.
So high inflation (he ran against inflation) and the excesses of his deportation policy, etc., will drive his support (job approval rating, etc.) down to just his core (low 40%s, high 30%s). Just my guess but I'm pretty sure about that. It's what we saw when his COVID policies made the situation worse.
This is very true, his cult followers will never blame their idol. It will be fault of “enemies within” whoever the orange guy will chose to be when the time comes. Presenting fake statistic, finding scape goats and implementing “patriotic” laws that will punish people who criticize him and his policies will be our future under this president. I lived in USSR I saw how it worked, and our guy is a big fan of putin. I sure hope that I am wrong….
Eggs could be $50 a dozen and they'll still fawn over him.. Trump voters fight on, even when they are totally wrong about the fight..
Will blame his imaginary Deep State, the RINO’s, China, NATO… maybe even Melania.
This country is full of really uninformed, misinformed, and generally unthinking people, because of them we all have to suffer. I would have moved abroad at this point if I had the means.
I’ll be selling everything I own and hopefully end up with about $600k. With my pension and social security my monthly income should be about $3600. I want to buy a boat big enough to live on and move to Canada. This will take a year or two. You have to apply for a 6 month visitor visa. I am 76, but pretty healthy. I won’t live in a country that is stupid enough to elect a criminal sociopath.
It’s true. All those Kamala voters
Newsflash: All countries are filled with those people.
You poor wittle thing. 😊
@@kokolanza7543 No. Not even close. No one is fleeing Holland. Very few Mexicans have any interest in your silly country. The migrants are coming from Central and South America, places so horrid that anything Trump is likely to do is less bad than what they are fleeing. It is quite possible to have a nice country. It's this attitude that the US is s*** but that's ok because everywhere is s*** that is making the US a s*** place to be.
People are looking for a person to fix what corporations are doing, which is price gouging. And Biden and Harris were doing that.
Corporations produce. Govt destroys
@ , corporations do not produce. Workers produce.
While there will always be anecdotal cases, where is your evidence of systematic price gouging?
@@georgehugh3455 Gouging is physical force. Trade is voluntary. There is no force in markets.
Maybe not in open markets with plenty of competition, but so many markets from food to technology have only a small number of huge players, almost all of which have shareholders looking for massive returns - no one is challenging the hegemony, there's no pressure to lower prices in any significant way.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
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.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Trump is now the captain of the economy, and like the captain of the Titanic he's saying "Icebergs be damned and full speed ahead!!!"
Spending on healthcare doesn't bother me. Spending on foreign aid doesn't bother me. Spending on food for mothers, infants, and children doesn't bother me. Spending a billion or so dollars to make the Trump family richer bothers me.
Me too. Big time. Apparently it does not bother his cult of sexist, racist, bigots, as long as it hurts the folks they feel superior to.
@@digitalreject3233 classic totem poll shit
Being doing this since colonization w/ slavery & the indigenous peoples of NA
@@DGDfan13 Yeah. And we're supposed to be good "patriots" and be proud of our history of genocide, slavery and exploitation. Part of why this white populist takeover wants to end public schools and turn education into a Christian indoctrination mill. They don't want young folks knowing too much.
It’s thought that he lost his billionaire status, he’s just going to get it again.
@@elreyes777 At somebody else's expense -- his MO.
There will be a lof of "Leopards ate my face" moments in these coming years.
The New York Times 2019-January (‘It’s Just Too Much’: A Florida Town Grapples With a Shutdown After a Hurricane):
“I voted for him, and he’s the one who’s doing this,” [Crystal Minton] said of Mr. Trump. “I thought he was going to do good things. He’s not hurting the people he needs to be hurting.”
You're right - there will be more quotes like that in Trump's second term.
NYT also lies constantly. That's Smollett-level screenwriting there.
@@redlightmax "Hurting the people he needs to be hurting". Says it all
can't argue with cult members, they are happy with hate!
@tj7870 We hate no one but Taylor Swift. Seems it's been the Left doing the hating, these last several years. BLM, defund/target law enforcement, assassination of police officers, assassination attempts on political rivals.... all the Right did was break into a bldg.
Sad thing is many aren't cult members, just indifferent, misinformed, desperate and, in some cases, mentally ill or just plainly stupid.
It really doesn’t matter what Trump does. Nothing like unconditional love.
@carflexee The unconditional love shown when ignoring the physical/mental condition of the CinC, or his demonstrably detrimental border policies, or his reactive, vs proactive, foreign policy? That kind of unconditional love?
@@carflexee
Tell that to the ppl who he going to be rounded up for camps.
Ppl who help produce your food.
Yes, those who voted Trump in are in for a rude awakening-but whether they are willing to recognize the reality of who got them there remains to be seen.
Of course not. They will blame Biden and claim Trump is trying fix the problem
Exactly
What will be most fun is when they say, "Harris did this."
You are still denying Biden's price hikes. Look in a mirror, hypocrite
weere going to remember what you said and add it to the ten thousand things you have been tottaly wrong about. you would think at this point having failed this many times you might want to recalibrate and maybe listen to some new view points to see what other people have to say about whats going on. i typically like to listen less to people who turn out to be wrong and listen more to the people who keep making accurate calls liberals instinctually do the opposite.
Am a professor of applied math. After the election, I had a discussion with one of my undergraduate classes about the election (if this seems strange, it is; many were upset and wanted a discussion). I told them almost exactly what Krugman said in this interview (but, I didn’t think that Trump will simply deny inflation and get statistical agencies to lie about it. That’s truly authoritarian). 90% of my students were terrified of the upcoming inflation, likely recession, and what crimes Trump will commit.
However, 10% insisted everything wonderful will happen. They insisted his tariffs can’t be inflationary. They insisted that American manufacturing will immediately start coming back. They said that Americans will start doing meat processing and farm work. When I told them that Trump is going to violate the WTO and North American free trade rules and the result is that the US will be cut of trade deals that they normally would be involved in, they said that the US is too big to ignore.
So, this was 10% of my class. Trump’s cult is far larger in the overall population. So, to add to Krugman’s points, I’d add that many right wing media outlets are simply going to deny that inflation is happening and that the economy is slowing or in recession.
Wait. We will put tariffs on products that it make them so expensive to buy import products and begin buying American at the higher prices. Add that to the fact that at 4% unemployment and mass deportationW there will be no one to staff the American manufacturers. We are headed for a cluster F***.
Yeah. I mean, Trumpers voted for the guy on the promise that he would bring prosperity "immediately" among other things. once the prices begin going in the wrong direction, people are going to feel it in their wallets, and I suspect that even right-wing news media won't be able to escape coverage of it. Trump will make up excuses as he always does, but will he be able to get away with blaming the democrats even though he's got full control of Congress and the courts? Remains to be seen. However, I'll point out that I have a couple of MAGA friends that I speak to regularly about this, and those that don't dismiss the economic perils that lie ahead say that it's "necessary" to get the country back on track and they're willing to suffer economically for awhile until that's done. How long... that's the question. Lots to look forward to in the coming years.
Oh, I get it. You are RIGHT about everything, and THAT’S why your profession isn’t ideologically diverse. You aren’t the cult. We are. Got it.
Well said.
@@Readabookfoofoo If you read a few books about how economics works, it may change your perspective.
Inflation is at 2.1%. Unemployment is at 4%. Now, we wait.
Placeholder
Unemployment for youtube addicts is about 82%. :)
The incoming administration will take credit for this.
We made it out of the Pangamic without a recession (Best economy on the globe)
- Unemployment low 4% for more than 2 years
- Black worker unemployment low 5.6%
- Poverty rate low 8.3%
- Gas prices Low $3/gallon - Real wages Up - Stock Market Up
- Personal Saving up - Savings up 5.7%
- The US is producing more energy than it is consuming
When inflation spikes they'll say Jerome Powell is a secret Communist making prices go up for Obama, and a third of the country will believe it
They STILL won't blame Trump
to some Trump is still their savoir. they will hope he does them right all the way up until bad happens to them, without having a future plan.
Emperor Trump
Trump is incapable of accepting blame. He always blame others. His cult will back him no matter what happens.
He knows more about bankruptcies and blowing through billions of dollars than anyone.
EXACTLY 😂
The NYT should start tracking the daily price of eggs on the front page.
Why it's not for the peasants they watch Fox News.
milk,bacon,eggs,bread
We don’t eat that many eggs. Y’all are forgetting we can’t just be gaslighted on the economy. We already lived in a trump economy and a Biden one. It’s not that easy to just lie about it and hope that’s enough.
From a few weeks ago -
" For more than two years, farmers have fought a battle with a fatal strain of bird flu that continues to disrupt the U.S. egg supply. At one point, the shortage sent the price of a dozen regular eggs soaring to almost $5. Prices retreated somewhat, but they’re going up again.
The current spike coincides with shifts in shopping habits. Demand tends to rise in the fall and winter, says Brian Earnest, an animal protein economist with CoBank. Seasonal baking calls for increased egg use in home kitchens. And students of all ages go back to eating meals in cafeterias and dining halls, where eggs might feature prominently.
Meanwhile, flocks of egg-laying hens are smaller because producers haven’t recovered from losses to bird flu over the past two years, Earnest says. “It seems like they can’t get over this bird flu outbreak issue.
The H5N1 outbreak started in early 2022 and quickly grew into the largest bird flu outbreak in U.S. history. As of Oct. 8, the virus has affected nearly 100.8 million birds in the U.S. since January 2022, according to the Centers for Disease Control and Prevention.
With so many birds lost to the virus, egg production isn’t keeping up with consumer demand. That egg shortage has pushed up prices, which will remain volatile until producers rebuild their flocks and increase egg production."
@@animula6908it must be easy to persuade some people with lies cause trump has done it twice
The fact is, we are a global economy. You can’t put that genie back into the bottle. We Americans want MORE stuff for less money, and that’s about to change.
The only upside I can see is maybe it will keep us from buying so much cheap plastic crap that ends up in the landfill!
More corners will be cut and more stuff will be plastic and not metal to cut costs. Sorry to tell you like this.
Right, but you also have to take into account that we’re living through a homeless epidemic; and I do wonder, if the economy gets worse, how many more thousands or maybe even millions of people and families will become homeless. There is often a direct correlation between an economy in decline and an increase in the homeless population.
I’m just grateful to still be alive post covid.
Everyone alive today lived through a world wide pandemic!
President Biden helped us through a dark time.
The abundance is off the charts. We can be very comfortable with a lot less. Most people in the world do not own a washing machine.
@@LiberalinOregon Ewww... you took the Trump jab?
I wonder if "mass deportation now" is just the 2024 version of "build that wall."
He doesn't really need to do anything about immigration. it's already been decling in the last months of Bidens term.
He can simply come in, tweet out "I'm doing GREAT on the border! Look how LOW immigration is because of ME!" and it would be enough to satisfy his followers.
What he does never really mattered, he just needs to speak to his peoples anger.
That’s what moderate are hoping. 🤷🏽 same thing with the trade war
You could be right, it's worked for him so far
He separated tens of thousands of children from their parents in his term. Many of whom have still never been rejoined.
He will absolutely do some disgusting deportations.
This is my theory, too. A few months after taking office Trump will take credit for the “economic recovery” and back off of many of these campaign commitments around deportations and tariffs. If he does go through with his campaign plan, the GOP will likely lose the House in two years.
You act as if Trump is only one to do this, or even the worst.
i wonder if trump will start his round up of undocumented immigrants at his hotels and golf courses?
"Undocumented" is such a funny phrase. They're here illegally, so why sugarcoat it?
@@tumescent
Like his wife and anchor baby?
@@tumescent shinabloink?
@@tumescentwho gives a fuck
Ha Ha Ha
Oh! I get it, we are going to cut taxes and increase the deficit. Then add in tariffs and you have the perfect storm. People will get what they deserve.
Some who don't deserve it, will
we may get that housing crisis everyone's been begging for. they just might not have a job when it happens D:
I hope those who don't deserve it can get out of the country.
No, hes cutting taxes and decreasing the deficit.
@@coastardlol
It's unfortunate that there isn't an Econ 101 coloring book. Maybe MAGA would actually get to understand what they have done.
Nah, they'd eat the crayons. Useless.
Your comment is a perfect example of why ppl voted for Trump. Your parties self-importance and smugness pushed ppl away.
@@jillfeatherman5523 Enjoy you stupidity!
@@jillfeatherman5523 Because talking logic to people doesn't work.
MAGA just insults or refuses to offer a rebuttal. No amount of reasoning or logic will get through their thick skulls.
I mean who turns their heada on Jan 6th?
Who turns their heads on a guy that says he will get rid of the Constitution or stay in office indefinitely?
Who turns their heads on a predator that grabs women pus××¥ or assaults women?
Who?
For cheaper groceries? Gas?
People who voted for Trump sold their soul to him.
News flash. Groceries won't go down. Gas won't go down. Inflation will skyrocket with his "concept of a plan".
Largest tax cuts in history? Where will he get the money for those tax cuts? Where?
Cut Social Security, Medicaid and Obamacare? The very safety net of the middle class and the poor?
Maybe print more money?
Do you think cost of goods are expensive now wait till the printing press of money goes haywire. You will then definitely see Argentina or Turkeys style inflation.
The deficit will go through the roof.
Eat the left@@jillfeatherman5523
Remember when we were experiencing more and more cases of Covid and DT hated those “bad numbers”…his solution was to “stop the testing”! Brilliant. 😂
You sound masked, vaxxed and boosted. 😊
@@Semper_Iratus I thought the same. Stay home and stay safe Jean!
I find it laughable this idea that once the cheap labor is all shipped south that the homeless guy living under a bridge will suddenly show up to harvest your lettuce for $15 an hour. For many years now in construction and other back-breaking tedious jobs it's only the brown skinned workers showing up each morning. I met a group of Mexicans here in Washington State.... Making $70 a 10 hour day harvesting cherries. Pay a living wage for that work and you will never purchase another cherry
Do you have “pick your own” farms/ fields in the states?
@kille7543 Yes... But somewhat rare
I don't eat cherries
Send em home
@@crandatanchrosmorio5682 how about strawberries or apples? 😄
So you’re openly celebrating and embracing the exploitation of migrants just because you want cheaper food. You are ok with these people being paid pennies while working in inhumane conditions just because you want cheaper cherries? How out of touch can you be? Wow. That really show your priorities. Openly calling for exploitation of millions of vulnerable people and people being paid below living wage just because you want to save a few bucks on groceries really shows how selfish and self centered you are. Get a grip.
And a BIG thank you to the NY - Fn - Times for normalizing Trump and not calling him out for his BS. Way too much both sides BS from you ass-hats.
exactly. this report is too little too late
So Trump is looking at Turkey's economy and thinking "yes please".
Or Argentina under Milei 180% inflation
@@longshank59inflation courtesy of the previous government
@DogeickBateman Keep drinking the Kool Aid unless you're a Venture Capitalist or making over $500k you'll lose value. Checked my 401k the day after election jumped up 14%. Checked this morning and has dropped 10%. He's not even in office and it's already affecting how much I have
@@longshank59Inflation is 90% lower under Millei than before him, it's now in the twenties, was above 3,000%
Most Americans will be glad to suffer as long as they get to live in a society with no gays.
No empathy!!! That most of his supporters will fare worse than me, brings me joy!!! You wanted this & now you have it. Good luck!!!! We will all suffer for their ignorance & plain stupidity for believing his lies 💙
here I am doing very well financially have no children or husband to spend my money as tax breaks benefit me, but I voted for Harris because he's a con artist, and we know all the other adjectives to describe him. So let all these people who make very little money, see that eggs aren't going to cost two bucks again they're gonna cost 20 bucks and they won't be able to buy a car because of the tariffs.
they voted for curtain number 2 based on blind faith, and their own interpretation of what he was saying, without really inspecting what was inside, death and destruction
You sound mean
@@nneisler THANKYOU FOR YOUR PAYING IT FORWARD KNOWLEDGE.
After delving into the political history of the United States, I believe the Democratic Party played a central role in addressing many crises that resulted from the policies of the Republican Party, especially in the 20th century. Although America's history spans just over three centuries, the impact of Democratic policies has been clear, particularly during times of major crises.
One of the most prominent examples of the Democratic Party's role was during the Great Depression, when President Franklin D. Roosevelt (FDR) led the country through this difficult period. Thanks to his famous reform plan, the "New Deal," which included programs to assist the unemployed, support agriculture, and financial reform, he was able to mitigate the devastating effects of the depression. FDR's policies were not limited to domestic issues; they also included careful oversight of reshaping the global economic policy after World War II. He led the United States in enhancing its role as a global superpower and took the initiative in establishing international organizations like the United Nations, which became a key center for fostering cooperation among nations.
But the Democratic Party's history doesn't stop with Roosevelt. It also includes President Woodrow Wilson, who played a significant role in shaping U.S. policies on the global stage in the early 20th century. During his presidency, especially during World War I, Wilson pushed for the United States to become an influential force in global politics. Through his "Fourteen Points," he sought to establish a global peace policy and enhance international cooperation, which eventually led to the creation of the League of Nations. Although the League of Nations did not succeed in its mission as expected, Wilson's legacy in promoting diplomacy and international negotiations is still felt in U.S. politics today.
Following World War II, the Democratic Party adopted the Marshall Plan, led by Secretary of State George Marshall under President Harry Truman's administration. This plan was one of the greatest initiatives in U.S. history, providing massive aid to rebuild Europe, which helped stabilize the global economy and boosted U.S. influence worldwide. This move demonstrated the Democratic Party's ability to positively influence international policy and its support for global peace and stability.
Today, the policies of the Democratic Party continue to have a significant impact on U.S. foreign policy, particularly in areas such as international cooperation and global security. The Democratic Party has always been a proponent of working with the United Nations and other international organizations, striving to enhance diplomacy and resolve conflicts through dialogue rather than military force. Their continued support for technological innovation, such as investments in research and development in fields like nanotechnology and renewable energy, has contributed to strengthening America's position on the global stage.
However, when we look at the history of the Republican Party, we see that many of its presidents made decisions that led to serious crises, despite the party's reputation for policies aimed at reducing government size and increasing military spending. For instance, George W. Bush's decision to invade Iraq in 2003 had disastrous consequences for stability in the Middle East, resulting in massive human and economic losses, as well as increasing divisions in the Arab world. This war negatively impacted the United States' global standing, showing how sometimes Republican policies exacerbate crises.
Moreover, Ronald Reagan's economic policies, known as "Reaganomics," while positively impacting markets at certain points, also led to a massive increase in the federal deficit and widened the gap between social classes. Reagan, who focused on tax cuts for the wealthy and increased military spending, aligned economic policies more with the interests of large corporations than with the goal of strengthening the middle class and lower-income groups. Many critics argue that Reagan's policies favored the rich at the expense of the middle and lower classes, contributing to the accumulation of U.S. debt and greater social inequality.
On the other hand, I believe that the economic system that has proven successful in balancing social justice and economic prosperity is "social liberalism." This system integrates capitalist economic principles with policies that support societal welfare, such as healthcare, education, and social security programs. This model has been successful in many developed countries, such as the Scandinavian nations, which enjoy the highest levels of social welfare by providing free healthcare and education, while also supporting the national economy through progressive taxation to fund social programs.
For example, Sweden, Norway, and Denmark are among the leading countries that have adopted social liberalism as an economic and political strategy. In Sweden, the economic system features a strong social safety net, including free healthcare and university education, which helps reduce social gaps and achieve economic equality. Progressive taxation is applied in these countries, which helps fund these services and promote sustainable economic growth.
In the United Kingdom, the Labour Party's policies, under the leadership of Tony Blair, followed similar principles by offering free healthcare programs through the National Health Service (NHS) and many policies aimed at reducing poverty and enhancing equal opportunities, alongside focusing on strengthening the economy by integrating capitalist principles with government support for citizens.
In the United States, despite significant challenges in implementing social liberalism, Democratic policies such as healthcare reform (the Affordable Care Act, also known as "Obamacare") and programs like Social Security demonstrate how economic growth and social justice can be combined. Comprehensive healthcare and affordable higher education could improve citizens' economic lives and enhance the U.S. economy's ability to compete in the global economy.
In the end, I believe the Democratic Party has been more effective in addressing modern issues, whether in economic, social, or foreign policy. While there have been criticisms of certain Democratic presidents' policies, the party’s history shows that it has always been at the forefront when it comes to addressing major crises and advancing the well-being of American society as a whole. Meanwhile, the policies of the Republican Party have often contributed to increasing economic and social tensions and exacerbating global crises.
Well said! 💯💯💯
@@amfrpt tnx
So, how do you like that Canadian water and electricity that will stop flowing your way if Trump puts tarriffs on Canada?
You’re right about electricity. But Canada doesn’t consider water a commodity to be traded. It’s a strongly protected natural resource.
Not a problem. That will be something else Trump can blame others for - "It's all the Canadians' fault. I had a perfect plan. Everybody said it was brilliant. Even the late-great Hannibal Lector. And the Canadians couldn't stand me being so smart." Then come the personal insults, and insulting remarks about Canada. Problem solved!
I hope Americans get everything trump promised them.
I hope Trump-voters get everything Trump promised them.
me too. It is the only way for the ignorant to learn anything.
@@redlightmax In all fairness, all Americans might need to learn the hard lesson that they live in a participatory Democracy. My takeaways from this election cycle is that the education system needs to teach civics and economics and that when Democrats pander to the middle everyone loses. I'm reminded of the quote "The left wind and right wing belong to the same bird".
I really hope they get it all in the first 18 months, before the mid terms. And I hope all red states suffer a lot by his policies. All of them. And hope he deports millions of his Latino voters “by mistake”.
I......don't. I don't want to see people hurt. What I hope is that people wise up. I want to see people succeed and not live in fear of starvation or deportation. I don't want anyone to feel misery, even if it's "deserved".
“What is a tariff”
The documentary about the collective dementia of Trump voters coming soon to a theater near you.
What’s a tariff? Enlighten us please
a tariff is a tax on a domestic business that receives goods internationally to be exported into the US. For this example, let's just say iPhones are manufactured in China. Trump has said he wants it to be up to 60%. so say an iPhone is at wholesale is worth $1k each. Apple will have to pay $600 as tax to receive that one iPhone, which means Apple will charge the customer that $600 or more to obtain that one device. so now that iPhone cost you $1,600+ whatever the mark up retail price is, instead of $1,000+markup, when Biden was in office.
@@BenSea11 A tariff is a tax on the value of imported or exported goods, including insurance and freight. Tariffs are also known as duties.
I own a toy retailer. 99% of toys are made in China. A tariff simply means the Chinese factory still gets their $5 per action figure but now I also write a check to the US federal government when that toy hits the US port of entry. China pays exactly $0 more. US citizens then cover that extra tax/duty cost at the register. The hope is that I’ll be more likely to produce the goods domestically but that is not going to happen unless Americans want to pay $40 for their action figures.
@@bluehorseshoe23you're clearly not an economist. Toys, now being more competitive, will arrive in the market from all over. You will not order Chinese toys because they won't be competitive. China will lose money because demand for chinese goods will shrink.
I'm a PhD student in Economics at Duke. I did my UG at Stanford in Economics. Let me tell you, the collective "Oh shit" from economics faculty here has been insane. Basically everyone universally agrees that Trump's plans will likely mean massive hyperinflation, to an extent we likely will not ever see again. 20% will look like a joke. People don't understand just how easy it is for an already fragile market to go wild. Inflation can happen REALLY fast if we aren't careful, which is why most economists here generally thought that Biden and Powell were handling things well.
@user-if1de8pt2j well, I'm doing a research paper with others at the university on it
@@user-if1de8pt2j I don't know when Jay Powell's term is up, but he said he will not resign if pressured by Trump. So high inflation will be met by restrictive monetary policy. I suspect Trump will see the error of his ways, and reduce the insane Chinese tariffs to 10-20%, in light of high inflation. He may also find it hard to make a significant dent in the immigrant workforce due to the high cost of deportations and the negative pressure from industry. The results may not be as bad as my fellow economist fears, because Trump may bail out when things get tough. So forget the published paper and observe what policies are actually pursued over the next four years.
Sound like something a Kamala supporter would say
@@user-if1de8pt2j He won't be able to do the things he wants to, such as 60% tariffs and deporting millions of illegal aliens. So there is no meaningful way to test his hypothesis.
@@moomie1634👈ivory tower mumbo jumbo.
Well said but nothing new if you have been paying attention.
That's why so many are in shock that he was reelected and angry because of what he will do.
And this is just the economic ramifications!
5:47 - There was also significant price gouging (profit taking) by producers of processed foods.
Quote from a date farmer in Arizona. "I never saw a gringo climb a palm tree." And another from a worker in northern California. "You think a gringo is gonna prune pistachios."
I'm not even sure there will be any buyer's remorse here. The situation will get worse, and his fans will only reinterpret it at progress or it being the fault of [insert whichever group is demonized this week].
Trump voters, and those 8 million Biden 2020 voters who didn’t vote for Harris, deserve full implementation of these Trump policies! Trump opponents should insist that he fulfill his promises!
We all want these policies. Even Harris was touting them at the end. Don't move the goalpost, loser
Gladly!
@@mikewilliams6025 this right here shows the childish people that support trump. Just baby and playground insults
Let them learn the hard way.
Thats what it takes to demystify Trump.
Let them eat cake.
@
They would be better off eating the rich.
Will they? Trump was the president for 4 years. It seems they never pay attention and just vote for “their team.”
The only thing he will deliver on is less tax for the rich like last time.
Yes, that's why I decided to become rich myself.
@thehylers1021
Why do I imagine your de definition of rich isn’t the same as their definition of rich. But anyway, good luck with that!
DUH! RINSE AND REPEAT LIKE A SOILED PANT!
No, they knew exactly what they were doing and even though they’ll be left to deal with the consequences for themselves they’ve succeeded in their main goal of hurting everyone else.
the percentage of food dollars that farmers get is very small. /pennies on the dollar. Deporting farm workers will leave food to rot in the fields and livestock numbers cut. Empty shelves is likely
Supply and demand will work things out
@@nneisler huh? How would that work for food?
@@janetl9984 Increased imports from other food-producing countries (Mexico, Chile, Brazil, etc), that will eagerly make up for any lost US domestic supply.
Substantial tariffs = import tax passed on to the consumer = substantial inflation.
Let's face it, a lot of people love autocrats.
Says the man who bankrupted a casino…
to trust a man with the economy who bankrupted a casino is pure lunacy
This life folks, not a TV, reality game show.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m moving to Thailand in 2025
What about you??
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Please stop gentrifying countries
I'm planning to retire in a conservative, Christian, White Texas community in Texas.
I'll pay for my home in full and retire comfortably in My country
USPS workers are paid 13% below where inflation went without them. And they haven't gotten any raises for 600 days and counting. Their union, the NALC, just drew up a tentative agreement (TA) that gives 1.3% raises three times until the next contract and reduced the time to max pay to ten years (previously 13.3). The USPS is supposed to pay a competitive wage to the private sector. That's UPS. All others are contractors and thus, are not comparable.
The UPS has negotiated a 4 year journey to max pay and significantly increased wages to match the danger, toll on carriers' bodies, and long hours of their career. They also do not have to pay for health care, whereas USPS employees just got saddled with a 20% increase in their benefits costs.
Then we elected one of the most anti-union presidents we've had since the time when unions had gangsters running them. He will make Ronnie look like a saint and he lied right to workers' faces to convince them that it won't happen to them. smh... The world economy and our freedom is going to hell in a hand basket, during my lifetime. If you are rich - it will come around for you when we get hungry enough.
When "Americans" cannot afford to house granny in a care home that runs on cheap labour, on what street, at what bus shelter or in what emergency room will granny get to be dumped.
Undocumented workers pay into the Social Security fund and never collect.
That’s a loss of revenue.
and now they are going to spend much less here in the US economy, that is why in the first Trump administration there was a record sending of money to Mexico every month by immigrants, they thought that at any moment they would be deported and now with the threat of "largest deportation", their money transfer will increase a lot and less spending here, these are really dumb ideas..
There won’t be any backlash from his supporters.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
Recession time coming up...Trump will blame Obama and Hillary 😂😂😂
Funny how "Are tariffs bad?" spiked in Google searches right before and after election day. You would think that people would do more policy research beforehand, but here we are.
The New York Times is a craven publication. You should have published this before the election. But you normalized Trump. Thanks.
America is about to fall apart
About to? The poor and middle class have been in decline for some time now. It’s a bit of a disaster except for the rich
And let it fall. People get the government they deserve.
No it’s not. You’re like Elon musk and all the Trump cultists: “vote like your life depends on it because if the Dems win we will no longer have an America 😱” . Their exaggerated fear mongering about harris being some open border woke Marxist was so ridiculous. I’m sure there’s a correlation between people’s amount and type of media consumption and hyper anxiety about the other side.
I’m not happy Trump won. I worry about some of the changes. But I mostly worry about how everyday will be a non stop ambulance siren sound from liberals screaming “listen to what Trump said today!! 😱😱 “
@@patralinkvery kind of you.
@@patralink Great attitude. Many people do not deserve this, but I suspect you don't live here or stand to benefit somehow.
No shock if you were paying attention AT ALL. The people who HAVE been responsible voters have done their research and are preparing as best they can.
You can’t cut taxes and cut the deficit at the same time
You're saying nobody cares about the fact that Trump's policies are going to make prices even worse, and it's going to be even harder for his cult numbers to afford their basic necessities?
If you think they won't blame it on someone else, you haven't been paying attention.
Like when was the last time Trump accepted the blame for anything.
@@kokolanza7543👈ikr biden is such a paragon of virtue 🤣😂🤣
@@Semper_Iratus hey heres some iq points you can have on the house, looks like you could use them. You are doing exactly what they are saying trump will do. Let me ask you this if someone does somthing thats bad and, then someone else also does that bad thing. Does that not mean they both did the same bad thing. Just because a bad thing was done does not mean we let another do the same bad thing
Here in Europe we're quietly and firmly untying the mooring lines that have lashed us to the United states (and its superficial, ever changing whims ) for eight decades . You may well wake up one day (and sooner than you think ) to find Europe as your most powerful advisory !! Wouldn't that be ironic !?
Please let those of us who didn’t vote for him when we plead for asylum.
@@catherinegreen8440 🤣😂
Advisory?
Living in Germany and the US, I advise Europeans to get off their high horses. The situation in Germany looks pretty bad to me. Right now, the whole world seems to be a big mess and we don't know what the outcome will be.
You might have to send a 2nd D-day here
The NYT should start tracking inflation on the front page
should have been done 4 years ago. 😊
The orange jesus knows EVERYTHING, just let him prove it.
"Nobody knows more about [anything] than I do"
@MultiMenvafan Said the king of IVF.
@@TennesseeJed and coal. And virology. And nuclear fission. And space. Etc. I don't know why he even bothers appointing other people...
But it was TOO MUCH to go out of the NYT's way to endorse the sane candidate.
I cancelled my subscription weeks ago.
You’re thinking of the Washington Post.
@ The NYT caved at there very last minute. Too late.
The media should not be endorsing, just informing. They should act as journalists, not spokespersons.
@@DuffyGabi Their job is to hold truth to power.
Alerting the public as to who is a danger to the country vs not IS THEIR JOB.
I don't know, maybe a 34x felon and convicted r*pist while bankrupting 6x businesses is not qualified for the most important job on the planet -- but is just fine and dandy with you?
I told you so, I told you so, I told you so.
x 10000000000000000000
Leopards eating good this decade
Already, I can see wild swings in the stock market due to the Trump win. I've been holding cash since 2021 but ready to take advantage of the current market situation. What are the best 5 stocks to buy now please?
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan. I'll be buying more TSLA too
remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt. my two cents
“DCA" is the golden term. My dollar portfolio is made up of 15% PLTR, 15% TSLA, 25% NVDA, 15% VOO and 30% in digital assets, credits to my advisor. I've made over 80% capital growth minus dividends this year alone. It's sure getting better with the Trump economy.
@@AlbertiniCaputi fear of missing out is real ! who is the advisor guiding you please? I could really use a help at this point
Personally, I take guidance from a well-spoken advisor, ''Sophia Verdekal O'neal.'' She's quite known in her field of work with over two decades of experience.
Funny how none of the slanderous comments have a rebuttal for the actual content of the show, rather the people delivering it. Tells you all you need to know.
There's more uneducated people in America than college grads. Even then some logical smart non educated people voted for Trump and knew better. Hate is a terrible voice.
Funny how a left leaning media is riddled with bias and has an echo chamber for circle jerking.
@@rxonmymind8362 What this election shows you is that you can't just use the word "hate" to make a sweeping generalization of Americans that you share this country with. People will now ignore that and chalk you up to someone who just doesn't properly analyze a situation, rather sticks their fingers in their ears and shouts you down while stomping.
@@BrandonZarbo you couldn't be more wrong. I've analyzed this situation from economic standpoint and from a constitutional standpoint and on both counts Trump will destroy the economy and he will attempt to run for office again.
I can guarantee you on both of those counts.
He claims he will give the largest tax break in history.
How will that be paid for? There are only three choices.
Print more money.
Takeaway benefits such a social security Medicaid what's your parents and myself have paid into.
Text the middle class in the lower class into Oblivion to pay for the trillionaire tax cut.
@@BrandonZarbo How about racists and misogynists and woefully and willfully ignoramuses?
Tariffs is one of the main reasons for the Great Depression!
I beg to differ. Most Trump supporters will rationalize a way to let him and his policies off the hook for the skyrocketing inflation, food shortages, labor shortages, etc.
People are determined to like him and will support him, no matter what. 🇺🇸💔
They don't regret it now.
They will in 2 years.
We all will.
You don't feel it yet, but once it kicks in... yeah.
I can't wait. They will get what they voted for. Thoughts and tariffs.
Trouble is we, too, will get what THEY voted for.
😂😅😂😅😂
cope and seethe soi boi.
@@Semper_Iratus And you are gleeful seeing others suffer? I always have said that trump ass lickers are psychopaths. You certainly confirm that.
Do NOT buy anything using loans (housing) or credit. Interest rates will go up because of the use of tariffs. For those who want to discuss, search what tariffs are, the effects on an economy and the job market.
No, if inflation goes through the roof over the next few years, now might be exactly the time to take out a loan or mortgage ... as long as the interest rate remains fixed. Hyperinflation will reduce the burden of the "low-interest" debt load ... and we'll all be millionaires! (although a loaf of bread might cost $500).
Unbelievable. The NYT helped put this guy in office!
Yes they did!
What are you talking about about?
F. A. F. O. !
The American people voted for this: they need to accept responsibility for their actions.
But to be fair, if the economy does go down, at least Republican voters can console themselves with the thought that the billionaires will do just fine!
You poor little thing.
The huge spike cost of bread and eggs is going to cause a lot of your favorite restaurants to close up shop too!
Only some of us will be shocked.
Journalistic integrity requires you to keep this video up. Let's see where we are in 2 years.
Same applies to you 😁
We already know...high inflation for the left...total denial on the right..or justification "trump NEEDED to raise prices to make american great again"...they always find a way.
@@zheuscher He's not a journalist. His job probably matters more to your life than these biased pundits, but it's their very very easy job to sit down and write about the truth, which both sides have sucked at.
If he's planning to do what Erdogan of Turkey did, you won't have to wait 2 yrs. Just look at their inflation rates.
@@crosstraffic187 It is not that I do not fear exactly what the editorialist is portending. We all have memories of the disheveled administration he ran that last time. Still, why get on the lifeboats before embarkation?
The next 4 years are absolutely going to suck. This is the prepping that rational people should have been engaged in, while others were stockpiling ammo, toilet paper, and Slim Jims.
The worst crime is that committed by the oligarchy.
WITH IMPUNITIES OF THEIR FINANCIAL IMMUNITIES!
I voted 100% for Harris. I'm now going to sit back and watch the shit show. Misery loves company. I will call my reps when needed.
Tell every Trump voter you know how great everything is the next four years (even when it’s not for them)
If you can’t beat em, join em. Maybe they’ll get sick of hearing how great we’re doing..,
You are definitely miserable
don’t forget to post your head shaving video on TH-cam. 😊
Not much else we can do for now.
"Back to the Future 2" and Biff Tannen come to mind
The character of biff was based on Trump according to the writers. Not kidding, either.
Let them learn. They wanted this and now they're gonna reap what they sow
Interest rates below 7 sign me up
oh princess never wrong is having a tizzy fit. Lovely. 😊
@ hewo pwincess
The fact that Americans don't know what a Tariff is shows the utter stupidity of the voters. Enjoy your Egg prices..
NOW NYT wants to report this. You all practically help put him in office!
Are you thinking of New York Post maybe?
@@positivevibes2468No. this is correct. The New York Times sane - washed all the Trump crazy and spent all it’s capital on trashing Biden.
We can replace them with kids…where else are we going to find a populous willing to work on a national minimum wage of $7.25/hour and untaught about unionizing…I just learned for youth workers under 20, it’s $4.25/hour for the first 90 days.
Not only agriculture, but what color are the road construction crews, hotel/casino housekeeping, janitorial workers, bell staff…
We can all be like Arkansas’s under Gov. Sarah Huckabee Sanders w/Youth Hiring Act of 2023, no longer have to fill out a one page for to verify kids under 16.
LOL good luck with that... They did an experiment about a DECADE ago... They paid Americans $20/hour to pick fruit in the fields. AFTER ONE DAY Americans QUIT and didn't come back. At $20/hr... A DECADE AGO.... Today? Once they get rid of all the illegals.... They will be using PRISONERS as slave labor. WATCH.
'Make the otherside pay' reminds me of Homer Simpson's 'can't someone else do it?' it got the yellow one elected too. didn't go well.
That’s a problem for future Homer
He's not inheriting a strengthening economy this time. There will be no room for mistakes. Herbert Hoover is knocking on the door.
Great for the mega rich! Middle class gonna get cleaved as always, just worse than usual.
Middle class will cease to exist. You will have the mega rich, and the peasants. Welcome to Trump's world.
Math doesn't lie. He will have a rude awakening. So will America and the ones that voted for him.
All of us will suffer in someway because of this election over next few decades, unless your are a trump oligarch
Importers pay tariffs and pass the costs on to the American buyers.
Why does Joe Biden have tariffs on imports right now?
YOUR RIGHT WHEN THE IMPORTERS CAN'T SELL! THE END PURCHASERS (CONSUMERS) PAY INCREASES WITH ZERO NEGOTIATED WAGES.
Excellent quality discussion. Thank you.
As a regular reader of his column, I feel the words used here are all too familiar. But hearing him say "as a citizen I'm terrified" aloud is a different kind of experience. Now I think I understand that he means it not only in an intelligent sense, but also in an instinctive sense. An authoritarian regime really scares people like him...
He's a moron. What practical impact did the first Trump administration have in anyone's life. This is fear-mongering
I am fearful also!
The majority of this country voted for this. We deserve whatever consequences happen.
No, we don't. I didn't vote for the clown car posse.
No! Nowhere near a majority! 72+ million voters out of a population of 333 million is less than 22 percent. Blame that 3 percent of the US population who voted for Biden in 2020 but didn't bother to show up this year. We do not deserve the chaos and destruction that will be coming.
@@Khobai of course I voted for Biden, what was the option?
Don’t forget price gouging when it comes to products 😮
Trump's policies had been viewed by many experts as more positive for the financials sector, spurring this massive rally. It's enticing to consider purchasing some stocks, I'm contemplating investing more than $300k. Thoughts?
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisr chooses entry and exit orders
@@PatrickLloyd- Sounds interesting! Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.