The economy is grappling with uncertainties, 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.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for the advice. The search for your coach on google was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
@@redblacktichy7713 It sure is , If Manhattan NYC would just magically disappear , our problems would vanish quite literally . NGO's and Multinational Corporations all snuggled up in that evil den of greed and profit ! They're so full of themselves they're trying for One World Government ! JFC this has to end
The Government believes we don’t remember the 2008 recession or what the “Depression” was. This is what happens when we don’t learn HISTORY in school. Thanks for taking the time to educate us,Michael.
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $800k in stocks. However, I'm uncertain about how to minimise potential risks.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.
89 democrats and 4 Republicans makes up the federal reserve economist. That tells you that they don't want this crash to happen under this administration
Yes there are 7 governors (board members) who are the main governing body of the Federal Reserve System. However, the system has 12 central banks, whom set jointly, and are responsible for setting monetary policies.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money
Right, the role of advisors an only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning ''return on investment'' makes me more happy. (But I still enjoy working)
congrats! mind sharing details of your advisor please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor
curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
@@TruckerBod95 With a stroke of a pen, governments can make it impossible to turn you bitcoin into actual currency. Bitcoins weakness is the bitcoin exchanges. They need to pay their employees, the light bill, etc.
I'd also add that we bailed out Japan. When the Japanese version of the Fed announced they were going to have to raise rates in July, the Nikkei dropped 30% in two weeks. So instead of them having to raise rates, we lowered ours to artificially reduce the spread between the countries. Why would we do this? US banks have been borrowing money from Japan at no interest for decades, and buying US equities with the proceeds. Called the Yen carry trade. If that blows up, so does every 401k, pension, but more importantly, every hedge fund, private equity firm who have gambled with borrowed money would implode. When this happens, Jerome Powell would manufacture some bailout to make sure his billionaire friends got bailed out.
Interest rate cuts were anticipated to begin in June 2024 and could take around 6-8 months to fully implement. A potential market downturn might unfold by March 2025. As the narrative of a soft landing gains traction, the likelihood of a major recession seems to be diminishing. With $1 million from a business sale, I'm actively seeking promising investment opportunities for the next three years.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Wrong. Inflation will shoot up in the firsy qtr and they will start to rsise again big time. Get reafy stay in cadh for now and then crush it next year imo not an advisor
@@aolvaar8792 May 21, 2011 was the beginning of judgement day on the world - you were WARNED Where did that date come from? The biblical calendar of history has been known, published(1974), and carefully studied for half a century... about a decade ago we saw that 2033 = 'last day' go look up: Ebible2 (timelines) Declaring the end from the beginning, and from ancient times the things that are not yet done, saying, My counsel shall stand, and I will do all my pleasure. Isaiah 46;10 Because I have called, and ye refused; I have stretched out my hand, and no man regarded; But ye have set at nought all my counsel, and would none of my reproof: I also will laugh at your calamity, I will mock when your fear cometh. Proverbs 1; 24-26 T-minus 9 years and counting... The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly. The earth shall reel to and fro like a drunkard, and shall be moved like a cottage; and the transgressions thereof shall be heavy upon it; and it shall fall, and not rise again. Isaiah 24; 19,20
Heck I'm completely debt free and just glad I have the cash to ride this gravy train. Currently getting around $2500/mo. at 2.20% to 5.10% with credit union savings, HYSA, money market,and 2,3,,5, and 7yr. laddered CDs.
Thanks Mike. Could not agree with you more. I for one am truly sensing 2008 vibes. I went my local Lowes today, here in Central PA, and it was nearly deserted. People simply are not spending money on anything other than their bills and groceries. Not much else.
A Big Lots close to me is running their 20% Friends & Family deal. I went twice and the store was deserted. It's usually packed when they run their F&F deal. The shelves were fairly full.
I know gold is supposed to be such a magic hedge against inflation and recession but I just have trouble putting any faith in it. It's a shiny rare metal wirh limited applications and just like fiat currency it's value is whatever you want to believe it is. I wish the billionaires hadn't bought up all the farmland as that is one of the true valuable assets in any economic time. Food production is never going to be worthless.
I bought a lot of gold in the early 2000's in the low $400's. In 2010 I needed some cash and had to go to a couple of different dealers before I could sell some in the mid $1900's. I still hold some but nowhere near what I used to. My motto now is food, ammo and booze. You'll always be able to get money out of those items.
@@AZPropaneExpressLLC I purchased some gold, my uncle purchased a lot of gold at 300 an ounce and left it with his sons. I hope the sons kept the 1000 plus ounces. I purchased real estate ,land and farmland in California from the 80's to 2000. I purchased water rights. at the end, It does not matter, we all eventually die. I do not plan to be one of the richest person in the cemetery. My friend about 15 years ago, paid 100 million dollars for 10 percent of a NFL team, now that 10 percent is 300 to 400 million, maybe more. its all paper money. as my late father said on his dying bed, its only money. enjoy life, its shorter than you think. as my brother in law said to me the other day, at age 65, nearly 80 percent of our life is over. wow, what a statement. so its not about making more but enjoying life, if you do not spend it, the money is not yours.
@@AZPropaneExpressLLC During the Great Depression the govt confiscated all the gold held in bank vaults. They also made people hand in their gold, and made it a crime (10 yrs in prison) if you didn't comply.
It’s been around as money for thousands of years, it has a some what limited supply or a supply that is very hard to suddenly increase and it literally lasts forever and dsnt rust /decay. It has many industrial uses and is used for jewelry so it has many other uses other than being a shiny metal. You will believe in gold after it’s $5000 an ounce
Such a true statement; The Fed does what Wall Street wants. For the same reason the Fed delayed raising interest rates until it was unavoidable because Wall Street didn't want it.
Yeah biggest bunch of bullshitters around seriously like just raise it up to 14% so that IMF can get their cut and we can learn our lesson but no no we're the spoil kid so they know we can get it more into that and pay them more interest so they're just going to let the economy run loose all the way down into the gutter and that my friends is the Fed
Just returned from local home depot when watched your video. The Appliance people were sitting around "thumb twiddling". How's it going was answerd by" "Don't you know there's a recession on ! People are not making big purchases. (No one was at kitchen remake part).
Too little too late and no way out but down. More layoffs coming. Best thing to do is save up and avoid major expenses. Stay away from credit cards if you don't have a way of paying it back.
But that is common sense commoners commonly dont abide by and when it is already late pundits of all commoners commonly pop to the fore spouting acquired common sense that was commonly available to all commoaners , commonly in common times
pay off all debt , have a mixture of food, water, live way below ones means. enjoy life and do not plan to be the richest person in the cemetery. If you do not spend it, the money was never yours. be satisfied with what you have, no need to keep up with the jones.... IMO
Some experts think rate cuts would boost certain industries, while others warn it might increase concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.
Increase exposure to interest rate-sensitive sectors like REITs and utilities, and maintain or slightly increase holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting a financial advisor.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
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.
If the government stops spending, that would cause a depression itself; also, government debt doesn't work like personal debt. How many people are employed by the government directly or through contractors? It would be better to make sure money is being spent on investments in the economy that bring long-term returns rather being wasted on useless projects.
@@austintacious7976 He won't spare you unless you repent and accept Christ as your saviour. However, you may be predestined not to. It's in God's hands whether he opens your eyes and softens your heart.
@Tonymanero1960, I like your comment, speaking the time zone difference, my very first trip taking jet plane from San Fransico, CA. to Cint., Ohio I left at 11 A. M. got to my sister house in Ohio had dinner with her and her family it was 1984 year I thought that was wild ate breakfast in CA. state in same day eat dinner in the east state. I was born and raised in California I still live in California. It is very beautiful state. Because I bought my house in 1985 paid it off in 2007 year I have no house payments. just cost of living that it but it is low for me I stay single no children, and I work for about 39 years of my adult lifetime been retired for 10 years now. so, life is great for me in CA. state all about perfect decisions timing is what I seen in my own life. Enjoy your life.
The economy is Bad! You are correct regarding the 50 basis points and Jerome Powell. IBM just let 8000 workers go. The auto industry is in Big trouble! Banking has closed a Record number of locations in 2024. Restaurants are in Big trouble and closing one after another. Some experts are says the Stock Market will soon loose up to 70%!
If you have no money, any federal funds rate cuts are meaningless. All it does is make people with money 💰 make more money 💰. All the rest will suffer this .5 rate cut with higher inflation.
Kinda interesting how you are being attacked in the responses for stating a truth. An interesting thing to note election-wise in all this is how all the people supporting the incumbent administration for election are all wealthy people who don't fill their own tanks or buy their own food. The recent Oprah interview with Kamala and the Swift endorsement are all shining a light on the disconnect of the current people in the White House from the average person. The middle class is disappearing quickly.
So low-income individuals do pay taxes in the most insidious way. Meanwhile, politicians brag about how you don't have to pay taxes thanks to them! Paper money is for the rich to stay that way.
I agree that gold is only good if you can trade for $$$. If the US goes "Valenzuela" then the world is pretty much f-ed. Buying spam, MREs and ammo will be the more valuable in a post-apocalyptic world. You can't eat gold and makes for a crappy shield. And where can you sell gold to get a fair value? Only way is to buy it thru brokers (who takes cuts) or if you're extremely rich and have the means to sell to central banks. Where are you as a normal person going to sell your Costco 1oz bars and get anything close to fair...pawn shop or some guy you met on FB markets behind a Walmart?
IMHO, besides Michael, Doomers News Network (Melody Wright, Travis from Real Estate Mindset, and Jack), and Nobody Special Finance (Jack's morning updates) are also good sources of objective financial info.
My local realtor market is offering a short sales class. First time I have seen this in two-plus years. That tells me something, so I signed up. Buckle up!!
The stock market seems like a ponzi scheme at this point. High interest rates they went up. With a rate cut, they made new all-time highs and PE ratios are higher than ever. They probably are banking on new money coming in to chase returns despite the current valuations.
This the third gas price increase in four years. It’s insane. They have raised vehicle registration fees as well. PG&E is raising prices several times a year! Cost of home, car and pet insurance has gone up as well.
pet insurance is a joke - just make a sinking fund for your vet bills. Once you file a big claim - like any insurance - the pet insurance premium shoots up - have a sinking fund, but also a hefty emergency fund and pay out of pocket.
@@belindamiller6349 Philly. 3.23-3.25/gal in the Northeast (of Philly). Now let's talk about the 1/3 increase in assessed value of my friggin' rowhome (that I am appealing).
Elections are always monitored. There's counts and recounts, audits, court cases, judges. The problem here is you don't like the result. Big difference
What good is gold if you don't have a government. If the government collapses gold is worthless. Food , gas, water, guns and bullets things you need to survive with would be more precious than gold . Things you could barter with .
Right, You and I both now the Government is trying to kill most of us, Definitely don't give a 💩, I'm not talking about the local Government of course, It's the few on top Controlling everything Globally.
During the Great Depression the U.S. govt confiscated all the gold held in bank vaults. They also made the population hand in their gold, and made it a crime if you didn't comply. (10 yrs in prison).
Michael you should look into and talk about how so many school districts are broke- and can’t or won’t be able to pay out pensions. Specifically in Houston there’s a scandal going on where the schools signed a almost billion dollar contract with a solar company to update the schools to make them more energy efficient and they signed this contract supposedly and they have no way to pay for it…and it will bankrupt the Houston schools. I heard a whistleblower came forward who worked in that system and she knew a lot about it. I’m sure you can find the same video - it was on TH-cam. It’s a problem many school districts are going to have- and you wonder how many other districts did this without taxpayers knowing this.
The reason to lower them is because they’re overly restrictive for no reason. As inflation comes down you don’t keep fed funds at 5.3 when cpi is 2.8. That would eventually cause a crash. That isn’t their goal
This rate cut will lower my income, not including a smaller social security raise coming. I will spend less with this cut. Less trickle down. The Federal Government printed $381 billion in August. A trillion every 100 days has now moved closer to added debt of a trillion $$$$$$$$$$$$$$$.$$ every 80 days. We waste 55% of all federal spending but they want us to focus on one half of one percent. Look at this shiny thing here.
Don't forget the 5 trillion the fed printed in 2020 ordered by Donald Trump. Out of thin air they printed that. Then they gave it away. Since then inflation has been unstoppable. It's what happens when you print worthless money.
based on your peer group or actual research/numbers? Not true for people who have been saving. No need to be month to month if you've banked a year's worth of salary vs. over-consuming year after year.
They have to cut and allot becasue we in the USA have a crazy high trade deficit, every day people in America buy goods made in China, Europe, Vietnam, Mexico even Canada from all over the world and that money goes abroad, it gets sucked out of the USA, BOOM it's gone. So we have to create MORE money and debt just to keep a balance of liquidity. This is why we can have big government debts and nothing happens, we could probably have 500% debt to GDP and life moves on. We just dump it all on the world, but the world wants to make more goods then their local population can buy so they sell it to us. It's just the way it is.
My Fidelity rep tried to tell companies are sitting on cash, and that I should be more aggressive even though I’m retired. If people have no cash, the economy has problems. Love your show.
MB, I am personally appreciative that you “lay it all out” for me to absorb, thus directing my money moves in the near-term. You’re an EXCELLENT ASSET SOURCE for my understanding/prediction of the economic pulse! (….am buying gold!!)
jerome powell says screw poor people, they're not like us! i am not poor, but i don't like giving the govt almost all my soc security for property taxes and insurance. i almost need to rent a room just to pay prop tax now.
@billtribble2904 but Hillary got a free pass.. stop being a hypocrite. Just wait until the Republicans get back in and use this new found power against the Democrats. You won't be so happy then... and no, I'm not a Republican, I'm a sane person who can see all the bad things that have been released by the Political left that will possibly destroy this country when the Republicans start using it.. Pandoras box has been opened
It's funny (sad) to drive across the border in Lake Tahoe area Nevada side, to the California side and see the price in gas go up from $3.50/gallon to $6.50/gallon just a few miles away. California sucks these days.
Wow, the price of gas where I live the last time I filled up was $2.65 a gallon. It got up to $4.25 a gallon under Obama but it dropped to $1.80 under Trump.
Everyone is screaming market crash and it's getting me worried. How can Invest 50% of my 300K cash svings?. I don't want to get burnt out while investing.
At no point in history since the creation of the Federal Reserve System....does the Federal Reserve slash rates when times are good and projected to get even better. I'm not a financial guru, I didn't even major in finance. I simply just looked at historical facts
funny, but true..when u said, “If it’s (gold) good enough for our ancestors, then it should be good enough for us!! No one can dispute that, not even history.
People keep saying it won't last...........then it does. If they keep printing money, it will always last. Spending power many decrease, but economy will continue to run.
I think it has to do with the rate of speed how fast and how much the market was changing. Plus you're right about Wall Street. Add the two together and get a 50% point cut.
The income from interest rate drop while property tax and maintanance cost stay too high as long as the home value is too high. Homeownership become a burden for fix income earner.
The economy is grappling with uncertainties, 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.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for the advice. The search for your coach on google was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I 'm sick of this government. Gaslighting
The problem in the background is much worse than just this government...
@@redblacktichy7713 It sure is , If Manhattan NYC would just magically disappear , our problems would vanish quite literally . NGO's and Multinational Corporations all snuggled up in that evil den of greed and profit ! They're so full of themselves they're trying for One World Government ! JFC this has to end
It’s what they think their job is
Kelly I think everybody is I can't stand any political figure.
I've been sick of the government since Reagan. They all serve Wall Street.
The Government believes we don’t remember the 2008 recession or what the “Depression” was. This is what happens when we don’t learn HISTORY in school. Thanks for taking the time to educate us,Michael.
many didn't. hence why they are voting for biden and kamala
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $800k in stocks. However, I'm uncertain about how to minimise potential risks.
Consider hiring financial advisors or tax experts. They can provide specialised knowledge and help you navigate complex financial decisions.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
That's quite impressive! Can you share more information about your financial advisor?
Melissa Terri Swayne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.
They're working hard to hold off the inevitable.
negative interest rate, like that in Japan and Germany....
thoughts
Bailouts for Christmas after the Election Fraud.
“The Earth is littered with the ruins of empires that once belived they were eternal.”
- Percy Bysshe Shelley
In the grand scheme of great empires, if America falls now it will have been an incredibly short-lived experiment.
89 democrats and 4 Republicans makes up the federal reserve economist. That tells you that they don't want this crash to happen under this administration
Nope
Powell is the first head of the FED not to be an economist. He is a trained lawyer.
@@redtiger7268 Like there is a difference. ALL political hacks!😆
There are 7 Federal Reserve Governors, try to use actual facts
Yes there are 7 governors (board members) who are the main governing body of the Federal Reserve System. However, the system has 12 central banks, whom set jointly, and are responsible for setting monetary policies.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money
Right, the role of advisors an only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning ''return on investment'' makes me more happy. (But I still enjoy working)
congrats! mind sharing details of your advisor please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor
Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
Do you really think Powell would say the economy is about to go over Niagara Falls? Rule #1: never say anything that might lead to a banking panic. 😅
In other words…..LIE LIE And LIE.
Bernanke said the same thing. He said real estate was just fine right before everything collapsed in 2008.
@@tr0llpatr0l86 yep. Just like 2006 and 2007
The economy is fine. Doom and gloomers are selling fear as usual. Markets will continue to go up and up.
Those in the ( KNOW) already ( KNOW ) about the impending " Bozo " biden😈/harris😈 economic catastrophe-!!!😳.
Gold is no good if you do not have physically control ! If you can't touch it's on paper still worthless!
I agree 💯
no it doesnt work that way
Lol so is bitcoin then its just a peer to peer money ledger system
Correct, physical gold and silver only.
@@TruckerBod95 With a stroke of a pen, governments can make it impossible to turn you bitcoin into actual currency. Bitcoins weakness is the bitcoin exchanges. They need to pay their employees, the light bill, etc.
That rate cut won't bring back jobs or fill empty pockets with $$$.... Too many have already gone under....
Yet there's plenty of tax payer funding for " Border Czar " harris's central-south american/haitian border crossers-!!!😳
Watch everything go up in price by 5% in October now
Alliance energy and Iowa just went up 19%... Jaspreet Singth.. Says when the interest rate dropped inflation will skyrocket even more.
Let's be honestThey cut the interest rate so the government won't have to pay as much in interest on the national debt
true
Trillion added every 100 days
Bingo!
You. The OP gets it.
I'd also add that we bailed out Japan. When the Japanese version of the Fed announced they were going to have to raise rates in July, the Nikkei dropped 30% in two weeks. So instead of them having to raise rates, we lowered ours to artificially reduce the spread between the countries. Why would we do this? US banks have been borrowing money from Japan at no interest for decades, and buying US equities with the proceeds. Called the Yen carry trade. If that blows up, so does every 401k, pension, but more importantly, every hedge fund, private equity firm who have gambled with borrowed money would implode. When this happens, Jerome Powell would manufacture some bailout to make sure his billionaire friends got bailed out.
The damage has been done.
With 6 trillion in $USD laying around in MM accounts we may just be getting started.
Cash is king save it..live below your means most uncertain time in a long time Imo.
@@lazydayB2B can’t the government seize your gold if they want? That’s one thing that’s held me back.
@@LizaTresenot if it’s hidden and you have them in your physical possession
Cash is king? Hard to find places to invest it to avoid inflation right now.
@@LizaTrese yes they can another reason I'm not buying any gold as well
@@lazydayB2B but how easy to access cash when you need it for an emergency - if you have gold?
Interest rate cuts were anticipated to begin in June 2024 and could take around 6-8 months to fully implement. A potential market downturn might unfold by March 2025. As the narrative of a soft landing gains traction, the likelihood of a major recession seems to be diminishing. With $1 million from a business sale, I'm actively seeking promising investment opportunities for the next three years.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Kiss goodbye the 5% savings rate forever
????
2033
That's what my crystal ball says.
Wrong. Inflation will shoot up in the firsy qtr and they will start to rsise again big time. Get reafy stay in cadh for now and then crush it next year imo not an advisor
@@aolvaar8792 May 21, 2011 was the beginning of judgement day on the world - you were WARNED
Where did that date come from? The biblical calendar of history has been known, published(1974), and carefully studied for half a century... about a decade ago we saw that 2033 = 'last day'
go look up: Ebible2 (timelines)
Declaring the end from the beginning, and from ancient times the things that are not yet done, saying, My counsel shall stand, and I will do all my pleasure. Isaiah 46;10
Because I have called, and ye refused; I have stretched out my hand, and no man regarded; But ye have set at nought all my counsel, and would none of my reproof: I also will laugh at your calamity, I will mock when your fear cometh. Proverbs 1; 24-26
T-minus 9 years and counting...
The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly.
The earth shall reel to and fro like a drunkard, and shall be moved like a cottage; and the transgressions thereof shall be heavy upon it; and it shall fall, and not rise again. Isaiah 24; 19,20
Heck I'm completely debt free and just glad I have the cash to ride this gravy train.
Currently getting around $2500/mo. at 2.20% to 5.10% with credit union savings, HYSA, money market,and 2,3,,5, and 7yr. laddered CDs.
@@neilrowan9800They will just lie and say inflation is low when it's going through the roof.
Thanks Mike. Could not agree with you more. I for one am truly sensing 2008 vibes. I went my local Lowes today, here in Central PA, and it was nearly deserted. People simply are not spending money on anything other than their bills and groceries. Not much else.
First time in years I went to Lowe’s and someone asked if I needed help
The crash comeths.
We stop eating out completly for 6 months and so-so resturants fall out. The only very famous packed with rich people.
A Big Lots close to me is running their 20% Friends & Family deal. I went twice and the store was deserted. It's usually packed when they run their F&F deal. The shelves were fairly full.
I know gold is supposed to be such a magic hedge against inflation and recession but I just have trouble putting any faith in it. It's a shiny rare metal wirh limited applications and just like fiat currency it's value is whatever you want to believe it is. I wish the billionaires hadn't bought up all the farmland as that is one of the true valuable assets in any economic time. Food production is never going to be worthless.
I bought a lot of gold in the early 2000's in the low $400's. In 2010 I needed some cash and had to go to a couple of different dealers before I could sell some in the mid $1900's. I still hold some but nowhere near what I used to. My motto now is food, ammo and booze. You'll always be able to get money out of those items.
@@AZPropaneExpressLLC I purchased some gold, my uncle purchased a lot of gold at 300 an ounce and left it with his sons. I hope the sons kept the 1000 plus ounces. I purchased real estate ,land and farmland in California from the 80's to 2000. I purchased water rights. at the end, It does not matter, we all eventually die. I do not plan to be one of the richest person in the cemetery. My friend about 15 years ago, paid 100 million dollars for 10 percent of a NFL team, now that 10 percent is 300 to 400 million, maybe more. its all paper money. as my late father said on his dying bed, its only money. enjoy life, its shorter than you think. as my brother in law said to me the other day, at age 65, nearly 80 percent of our life is over. wow, what a statement. so its not about making more but enjoying life, if you do not spend it, the money is not yours.
@@AZPropaneExpressLLC During the Great Depression the govt confiscated all the gold held in bank vaults. They also made people hand in their gold, and made it a crime (10 yrs in prison) if you didn't comply.
@@AZPropaneExpressLLC Cigarettes too? I don't smoke but am told if you keep them in the freezer they stay fresh.
It’s been around as money for thousands of years, it has a some what limited supply or a supply that is very hard to suddenly increase and it literally lasts forever and dsnt rust /decay. It has many industrial uses and is used for jewelry so it has many other uses other than being a shiny metal. You will believe in gold after it’s $5000 an ounce
Such a true statement; The Fed does what Wall Street wants. For the same reason the Fed delayed raising interest rates until it was unavoidable because Wall Street didn't want it.
Right!
Audit the Fed , then abolish it
Yeah biggest bunch of bullshitters around seriously like just raise it up to 14% so that IMF can get their cut and we can learn our lesson but no no we're the spoil kid so they know we can get it more into that and pay them more interest so they're just going to let the economy run loose all the way down into the gutter and that my friends is the Fed
Who? He better have the best security of all time the last One was JFK who wanted to end it and you know the rest
Nope. You have to have a central bank. However, you can nationalize the FED.
@@solskengroupllp2758 The Central Bank is privately owned. It needs to go. They have caused all the inflation.
Can’t. They aren’t the real problem anyway. You are. The people are. You want too much wealth and pleasure. And the politicians respond.
Just returned from local home depot when watched your video. The Appliance people were sitting around "thumb twiddling". How's it going was answerd by" "Don't you know there's a recession on ! People are not making big purchases. (No one was at kitchen remake part).
Noone is paying for house renovation either construction jobs are very low my bf is now doing instacart to get by
Too little too late and no way out but down. More layoffs coming. Best thing to do is save up and avoid major expenses. Stay away from credit cards if you don't have a way of paying it back.
But that is common sense commoners commonly dont abide by and when it is already late pundits of all commoners commonly pop to the fore spouting acquired common sense that was commonly available to all commoaners , commonly in common times
@@geertstroyYour response isn't common, but it does make sense 😏😏😁😁
Just heard some type of major east coast shipping company is striking soon.
pay off all debt , have a mixture of food, water, live way below ones means. enjoy life and do not plan to be the richest person in the cemetery. If you do not spend it, the money was never yours. be satisfied with what you have, no need to keep up with the jones.... IMO
In my case the layoffs were good. They dumped some top heavy middle management and gave us a raise.
Mann.. If the prices keep moving up from here, the situation is not only going to get uglier for the fed but for everyone. Expect the unexpected.
People who have no money are not going to borrow more because the interest rates were cut except for an over priced house.
Lol, the FED never says we’re going into a recession….. until we’re already in a recession
Some experts think rate cuts would boost certain industries, while others warn it might increase concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.
Increase exposure to interest rate-sensitive sectors like REITs and utilities, and maintain or slightly increase holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting a financial advisor.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
I could really use the expertise of this advsors
Her name is ‘Marissa Lynn Babula’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The FED says the labor market is strong! They must be reading their own convoluted employment numbers.. to be revised... again!
The labor market is strong for migrants. If you are a citizen they dgaf.
Here is a complete list of 3-letter, government or pseudo-government agencies I still trust.
There's my complete list.
WOW!! That's my list too.
the Most Terrifying Words in the english langauge. i am from the government and i am here to help.
ronald reagan
You did list any.
The rising
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.
Interests rates won't matter until the govt. stops spending.
They spend like a teenage girl with a new credit card at Tiffany's
Lol. Spending is what gov'ts do.
If the government stops spending, that would cause a depression itself; also, government debt doesn't work like personal debt. How many people are employed by the government directly or through contractors? It would be better to make sure money is being spent on investments in the economy that bring long-term returns rather being wasted on useless projects.
Titanic is temporarily propped on an iceberg 🥶
Powell is rearranging the deck chairs and telling the band to play on.
God is in control. Pass the word
💯 Amen
What is God saying about the economy?
Spare me
@@austintacious7976 He won't spare you unless you repent and accept Christ as your saviour. However, you may be predestined not to. It's in God's hands whether he opens your eyes and softens your heart.
Respect everyone's beliefs, but people are here to talk about the economy and finances...not sort thru sort spirituality posts.
Now that Michael is on West Coast time his videos are perfect for watching while making dinner on East Coast time.
@Tonymanero1960, I like your comment, speaking the time zone difference, my very first trip taking jet plane from San Fransico, CA. to Cint., Ohio I left at 11 A. M. got to my sister house in Ohio had dinner with her and her family it was 1984 year I thought that was wild ate breakfast in CA. state in same day eat dinner in the east state. I was born and raised in California
I still live in California. It is very beautiful state. Because I bought my house in 1985 paid it off in 2007 year I have no house payments. just cost of living that it but it is low for me I stay single no children, and I work for about 39 years of my adult lifetime been retired for 10 years now. so, life is great for me in CA. state all about perfect decisions timing is what I seen in my own life. Enjoy your life.
his videos are full of untruths and directionally wrong, hes a Trumper
@@darleneatkinson3906 scary crime there now...
You should go and walk around the poverty stricken neighborhoods like one of them and explain what can happen when the economy tanks.
You want him to die 😅
You have been a 💯 percent correct so far, congratulations.
Really? This guy has been a real estate crash bro for the last 3-4 years. But he’s 100% right? Yeah 👍
The economy is Bad! You are correct regarding the 50 basis points and Jerome Powell. IBM just let 8000 workers go. The auto industry is in Big trouble! Banking has closed a Record number of locations in 2024. Restaurants are in Big trouble and closing one after another. Some experts are says the Stock Market will soon loose up to 70%!
Right all in one day I heard, Coming soon.
If you have no money, any federal funds rate cuts are meaningless. All it does is make people with money 💰 make more money 💰. All the rest will suffer this .5 rate cut with higher inflation.
So the people who saved, sacrificed and have money should suffer? Do better and stop being a victim.
@tubenachos, so you're saying people who don't make a lot of money, work hard and make sacrifices should suffer?
True, the thing is being rich makes you win either way...thats why you want to be just that.
Kinda interesting how you are being attacked in the responses for stating a truth.
An interesting thing to note election-wise in all this is how all the people supporting the incumbent administration for election are all wealthy people who don't fill their own tanks or buy their own food.
The recent Oprah interview with Kamala and the Swift endorsement are all shining a light on the disconnect of the current people in the White House from the average person.
The middle class is disappearing quickly.
So low-income individuals do pay taxes in the most insidious way. Meanwhile, politicians brag about how you don't have to pay taxes thanks to them! Paper money is for the rich to stay that way.
I’m blessed to have it all explained in a language that is easy to understand. Thank you for sharing your knowledge.
Well said! I'm so glad too that I found Michael. Just absolute pureness while delivering what we no longer trust in the Media, shame on them ALL
I dont trust gold, when selling it you get a very very low price for your gold but when buying it, its very expensive. Scam
Stop going to pawn shops. At most they give you like $2 over spot.
Exactly
Where can you buy anything with gold? Nowhere.
I agree with you. Folks think they understand gold. The don't. Just my opinion.
I agree that gold is only good if you can trade for $$$. If the US goes "Valenzuela" then the world is pretty much f-ed. Buying spam, MREs and ammo will be the more valuable in a post-apocalyptic world. You can't eat gold and makes for a crappy shield. And where can you sell gold to get a fair value? Only way is to buy it thru brokers (who takes cuts) or if you're extremely rich and have the means to sell to central banks. Where are you as a normal person going to sell your Costco 1oz bars and get anything close to fair...pawn shop or some guy you met on FB markets behind a Walmart?
Keep going Michael!!!
Thanks Michael. I can’t keep up with the financial news so I appreciate your reports.
IMHO, besides Michael, Doomers News Network (Melody Wright, Travis from Real Estate Mindset, and Jack), and Nobody Special Finance (Jack's morning updates) are also good sources of objective financial info.
@@phreedomphile
👍🏼
@@CarnivoreStork btw, I'm a carnivore too 😊🥩💪Good to come across another person in the tribe!
@@phreedomphile
Excellent! It’s a life changing path.
My local realtor market is offering a short sales class. First time I have seen this in two-plus years. That tells me something, so I signed up. Buckle up!!
When Tupperware goes out of business we’re in trouble
Tupperware went out of business because people were tired of not being able to get the pasta sauce stains off their product.
i hate the leaky chinese knock offs that won't even snap the lid on. what trash. i have to use rubber bands to hold the lid on.
Battery powered Tupperware did them in.
The majority of people no longer have leftovers or an excess of anything to store!
They will throw everyone to the wolves to juice the stockmarket!
So invest in the stock market to get a piece of the uptrend.
@@KayFabe87 ... the problem is that if you participate in a scam without controlling it, you will be sacrificed at a time NOT of your choosing.
Counting on it!
It’s not the stock market as much as it is servicing government debt. This way they can just print to fail.
The stock market seems like a ponzi scheme at this point. High interest rates they went up. With a rate cut, they made new all-time highs and PE ratios are higher than ever. They probably are banking on new money coming in to chase returns despite the current valuations.
This the third gas price increase in four years. It’s insane. They have raised vehicle registration fees as well. PG&E is raising prices several times a year! Cost of home, car and pet insurance has gone up as well.
Depends on where you live. Speak for yourself on this one. None of that affects me in Texas. Gas is also cheap here.
@@DIVISIONINCISIONnot in Pennsylvania.
@@belindamiller6349 Make better choices in terms of where you live. It's America. You can always move.
pet insurance is a joke - just make a sinking fund for your vet bills. Once you file a big claim - like any insurance - the pet insurance premium shoots up - have a sinking fund, but also a hefty emergency fund and pay out of pocket.
@@belindamiller6349 Philly. 3.23-3.25/gal in the Northeast (of Philly). Now let's talk about the 1/3 increase in assessed value of my friggin' rowhome (that I am appealing).
Brilliant discussion
Thank you Sir!!
Two things we are not allowed to audit The Fed and Elections ..That’s how they stay in power
Elections are always monitored. There's counts and recounts, audits, court cases, judges. The problem here is you don't like the result. Big difference
@@S1513-b6v 2020 was the most corrupt election in history .
Don't forget Ft. Knox. We have no idea if the gold is really there or not.
Love your determination and fact reporting. 🎉
What good is gold if you don't have a government. If the government collapses gold is worthless. Food , gas, water, guns and bullets things you need to survive with would be more precious than gold . Things you could barter with .
Right, You and I both now the Government is trying to kill most of us, Definitely don't give a 💩, I'm not talking about the local Government of course, It's the few on top Controlling everything Globally.
Lmfao. Uhhh. Please don’t talk about things you know nothing about
During the Great Depression the U.S. govt confiscated all the gold held in bank vaults. They also made the population hand in their gold, and made it a crime if you didn't comply. (10 yrs in prison).
@@RowanburnReiverRootscool. And? There’s literally a 0% chance of that happening again but great story
@tayloris24 Why so mad? History might not repeat itself but it does rhyme.
Very good as usual I like how you simplify everything
Michael: I think you're right about the Stock Market manipulating the Federal Reserve. After the cut, my portfolio continued to go up!
The market flashes bearish signals. It may be short-lived. A cut may cause the inflation to rise much higher and negate any gain you have.
@@americatoday1104 Dividend payouts will still be there. That's a huge part of my income every year.
Which keeps you at pace. @americatoday1104
What a 🤡 🌎 the US is becoming
Move to a different country
@thatguyoverthere8355 oh you are one of those people who like how it's going? I Love America. You hate America.
@@borlanderobertson5666 thank you! It's like seeing your mentor go down a dark path but you can't do anything
Michael you should look into and talk about how so many school districts are broke- and can’t or won’t be able to pay out pensions. Specifically in Houston there’s a scandal going on where the schools signed a almost billion dollar contract with a solar company to update the schools to make them more energy efficient and they signed this contract supposedly and they have no way to pay for it…and it will bankrupt the Houston schools. I heard a whistleblower came forward who worked in that system and she knew a lot about it. I’m sure you can find the same video - it was on TH-cam. It’s a problem many school districts are going to have- and you wonder how many other districts did this without taxpayers knowing this.
Thanks Newsom
I work nights, and I've been seeing more repo trucks towing cars than ever before.
Same here its 24/7 repossessions.
The reason to lower them is because they’re overly restrictive for no reason. As inflation comes down you don’t keep fed funds at 5.3 when cpi is 2.8. That would eventually cause a crash. That isn’t their goal
I live in Novato! About 1 Mile from Bel Marin Keys. Novato is the most affordable place in Marin and the weather is warmer than southern Marin
Thank you for helping us understand.
This rate cut will lower my income, not including a smaller social security raise coming. I will spend less with this cut. Less trickle down. The Federal Government printed $381 billion in August. A trillion every 100 days has now moved closer to added debt of a trillion $$$$$$$$$$$$$$$.$$ every 80 days. We waste 55% of all federal spending but they want us to focus on one half of one percent. Look at this shiny thing here.
Don't forget the 5 trillion the fed printed in 2020 ordered by Donald Trump. Out of thin air they printed that. Then they gave it away. Since then inflation has been unstoppable. It's what happens when you print worthless money.
Always watch what they do, never what they say 👍
Most people are trying to get through month to month at this point.
based on your peer group or actual research/numbers? Not true for people who have been saving. No need to be month to month if you've banked a year's worth of salary vs. over-consuming year after year.
You hit the nail on head.
Thanks!❤
They'll never cut it enough to do any good at all... It is a good warning to tell you that we are doomed
Of course they will. Rates will be negative again. It's coming.
jobless claims just came in lower than expected, cuts are working fast
They have to cut and allot becasue we in the USA have a crazy high trade deficit, every day people in America buy goods made in China, Europe, Vietnam, Mexico even Canada from all over the world and that money goes abroad, it gets sucked out of the USA, BOOM it's gone. So we have to create MORE money and debt just to keep a balance of liquidity. This is why we can have big government debts and nothing happens, we could probably have 500% debt to GDP and life moves on. We just dump it all on the world, but the world wants to make more goods then their local population can buy so they sell it to us. It's just the way it is.
So do we buy guns and ammo then orrrrr…?
My Fidelity rep tried to tell companies are sitting on cash, and that I should be more aggressive even though I’m retired. If people have no cash, the economy has problems. Love your show.
Even broke clock is right twice a day.
MB, I am personally appreciative that you “lay it all out” for me to absorb, thus directing my money moves in the near-term. You’re an EXCELLENT ASSET SOURCE for my understanding/prediction of the economic pulse! (….am buying gold!!)
"We foresee a recession coming"
said no fed chairman ever!
jerome powell says screw poor people, they're not like us! i am not poor, but i don't like giving the govt almost all my soc security for property taxes and insurance. i almost need to rent a room just to pay prop tax now.
If we have to go through hard times, we pray that they are as short as possible and that they pass.
just in time to blame it on Trump
34 counts. ⚖️
Whoever wins in November. It doesn't really matter anymore. We are screwed. The government owes way too much money
@billtribble2904 but Hillary got a free pass.. stop being a hypocrite. Just wait until the Republicans get back in and use this new found power against the Democrats. You won't be so happy then... and no, I'm not a Republican, I'm a sane person who can see all the bad things that have been released by the Political left that will possibly destroy this country when the Republicans start using it.. Pandoras box has been opened
@@billtribble2904you won't be happy when the Republicans play with the new toy the Democrats have brought on to the playground now will you
@@billtribble2904 34 BS counts that will be overturned on appeal. Fixed it for you.
It's funny (sad) to drive across the border in Lake Tahoe area Nevada side, to the California side and see the price in gas go up from $3.50/gallon to $6.50/gallon just a few miles away. California sucks these days.
I'll never forget that PG&E was the company in Erin Brockovich.
Thank you
It's like stepping on the gas before the engine dies. It's usually too little, too late.
more like stopping for fuel
Unless you're going down hill or over a cliff.
it doesnt matter the fuel pump is shot
Thanks for these shoes on the ground videos.
How come you're not viral yet?!
Wow, the price of gas where I live the last time I filled up was $2.65 a gallon. It got up to $4.25 a gallon under Obama but it dropped to $1.80 under Trump.
Rates are not high, they're normal. There was no reason to cut.
paying interest on 35 trillion is not possible at high rates
Election help for Harris.
Bought the dip and got paid out HUGE!
FREE FED MONEY IS BACK!!! 😃👍
Like saying - Our marriage is perfect - but we are getting divorced. Feed Wall Street and Real Estate and starve the Savers. That's the new normal.
I was waiting for this when I saw this on Thursday from the Feds.
De prijs van benzine is in Europa zo’n twee tot drie keer hoger.
They lowered the rates because inflation has dropped and because unemployment is rising and because banks are in trouble.
@@MrSteeDoo is that how you communicate? Lmao
@@MrSteeDoo Now THAT is a mature response. I approve this message.
Another good one Michael 🎉
Everyone is screaming market crash and it's getting me worried. How can Invest 50% of my 300K cash svings?. I don't want to get burnt out while investing.
@PapiChulo-t1s
@PapiChulo-t1s I curiously searched her names and I found some pretty interesting information. Thanks for this
Our cost of road maintenance is several times any other state. Corruption totally.
I love how the market keeps trying to correct itself with a recession and the feds just won't let it happen lol, theyre delaying the inevitable
At no point in history since the creation of the Federal Reserve System....does the Federal Reserve slash rates when times are good and projected to get even better. I'm not a financial guru, I didn't even major in finance. I simply just looked at historical facts
All this doesn't matter if there are not any decent jobs! Come on people wake up.
Everybody laying off hundreds, thousands, and tens of thousands. All getting severance, which isn't included in unemployment.
@@NoDaysOff-oz2zlNot everyone is getting severance!
funny, but true..when u said, “If it’s (gold) good enough for our ancestors, then it should be good enough for us!! No one can dispute that, not even history.
I bought gas in TX today for $2.49. It is less than $3.00 everywhere.
$4.29 in Seattle 😢
No it's not. 3.50 in Colorado
3.60 in North Idaho.
It's 3.60 a gallon in North Idaho.
However in Texas rent and groceries are out of control
They probably know about info we dont know, like mass layoffs that are coming after the new year maybe
My portfolio went up 8k yesterday due to the stock market sugar high. It won't last.
People keep saying it won't last...........then it does. If they keep printing money, it will always last. Spending power many decrease, but economy will continue to run.
I bet your portfolio looks better now than it did 4 years ago. Guess it’s a 15 year sugar high
Nice work
They’re lowering rates before the election.
I support wherever will help keep Trump out of the whitehouse.
@@bpb5541 - You should be worried about Marxists in the White House. Ask the Venezuelans.
I think it has to do with the rate of speed how fast and how much the market was changing. Plus you're right about Wall Street. Add the two together and get a 50% point cut.
Wow wherever your walking has a bunch of 1990s 30 year old dodge trucks not really rich people cars or trucks wow
The income from interest rate drop while property tax and maintanance cost stay too high as long as the home value is too high. Homeownership become a burden for fix income earner.