It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
I wonder just how much human flourishing is contingent on having an environment where you are measured up to standards/kept accountable but are fundamentally valued by your coworkers because you are part of a team that delivers value to other human beings. Can you - or anyone - support a system that you simply seem to be excluded from? And as we are talking about whether people fundamentally feel like they belong within a society, how lazy and unresponsive are you when a significant percentage of your heavily monetized society is continuously excluded from arguably the central organizing institution of your society? (formal work)
Correct me if I am wrong(actually not wrong) but Sonny Perdue is not of the Purdue Chicken Family. "Sonny" was a Veterinarian, small business owner and Govenor of Georgia. He is currently Chancellor of the University System of Georgia.
They're one in the same. If you deficit spend by 8% of GDP each year and generate 2 to 3% real GDP growth,.. you get an entrenched structural inflation rate of 5 to 6%. 8% deficit spending - 3% real GDP growth = 5% inflation. That's the equation of exchange from QTM.
33 Minutes in and not one word about China-Mercantilism: its role in Wage suppression, higher debt and inflated assets in US? idk this stuff is hard...
I can't understand how such a brilliant mind highlites that we are headed for deflation and not inflation? I think almost everyone can agree that politicians are not going to do the right thing when it comes to fiscal and monetary policy and will try to inflate away the debt.
I watched the whole discussion & its depressing that neither of the dudes have a serious argument that challenge Mark's ideas...Thats really depressing from so-called experienced financial managers...In the 19th Century "Industrial Manufacturing" required millions of skilled humans (MEN) to make machines that powered other machines & to service those machines. As Mark pointed out tday manufacturing plants are mostly automated & we need a small number of technicians to service them...This is a huge problem thats looking for a solution...
From “Rising Inequality Versus Demographic Shifts” by Mian, Straub, Sufi: “saving rates are substantially higher for the top 10% income group within a given birth-cohort. The top 10% income group has a saving rate that is 13 percentage points higher than the next 40%, and almost 20 percentage points higher than the bottom 50%. It is well known that higher income households have higher saving rates than lower income households (e.g., Dynan, Skinner and Zeldes (2004), Straub (2019)). However, the within-cohort sorting done in this study shows that this large difference is not due to life cycle effects…there are life cycle differences in saving rates, but the differences are smaller in magnitude relative to the differences in saving rates across the within-birth cohort income distribution, especially for cohorts with a median age below 64.” Food for thought that maybe class dynamics precede age dynamics.
In 1992, when Clinton was president, there were 11 million illegal immigrants. We added 1.5 million for the next 15 years. Lost about 5 million '07-'12. Plus 5 million '13-17 back to 34 million. 2 million Trump. 10-15 million Biden. Appropriately 50 million. Over the 30 years, 15 million citizenship/green card. (Including my wife.. thanks). So, 35 million.... Please get the 11 million number out of your brain for labor calculations. Thanks for reading.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
A fantastic discussion gentlemen, thanks!
I really like Mark. I've read all his books.
Loved Mark and the content. Tariffs could also lead to the balance of trade. Balance of trade solves a lot of problems
I wonder just how much human flourishing is contingent on having an environment where you are measured up to standards/kept accountable but are fundamentally valued by your coworkers because you are part of a team that delivers value to other human beings.
Can you - or anyone - support a system that you simply seem to be excluded from? And as we are talking about whether people fundamentally feel like they belong within a society, how lazy and unresponsive are you when a significant percentage of your heavily monetized society is continuously excluded from arguably the central organizing institution of your society? (formal work)
Thanks for a great discussion guys!
Correct me if I am wrong(actually not wrong) but Sonny Perdue is not of the Purdue Chicken Family. "Sonny" was a Veterinarian, small business owner and Govenor of Georgia. He is currently Chancellor of the University System of Georgia.
He is of the Perdue Farms/Chicken, family.
@@difigfs still wrong
If debt rises by 6% per year, you need a lot of inflation to inflate it away.
They're one in the same.
If you deficit spend by 8% of GDP each year and generate 2 to 3% real GDP growth,.. you get an entrenched structural inflation rate of 5 to 6%.
8% deficit spending - 3% real GDP growth = 5% inflation.
That's the equation of exchange from QTM.
Great stuff, thanks again!
Great discussion
Great conversation! Would be wonderful if you guys had Economist Steve Keen on your show.
Fantastic conversation. Ought to be on public broadcasting instead of youtube.
33 Minutes in and not one word about China-Mercantilism: its role in Wage suppression, higher debt and inflated assets in US? idk this stuff is hard...
I can't understand how such a brilliant mind highlites that we are headed for deflation and not inflation? I think almost everyone can agree that politicians are not going to do the right thing when it comes to fiscal and monetary policy and will try to inflate away the debt.
I watched the whole discussion & its depressing that neither of the dudes have a serious argument that challenge Mark's ideas...Thats really depressing from so-called experienced financial managers...In the 19th Century "Industrial Manufacturing" required millions of skilled humans (MEN) to make machines that powered other machines & to service those machines. As Mark pointed out tday manufacturing plants are mostly automated & we need a small number of technicians to service them...This is a huge problem thats looking for a solution...
Brilliant
From “Rising Inequality Versus Demographic Shifts” by Mian, Straub, Sufi: “saving rates are substantially higher for the top 10% income group within a given birth-cohort. The top 10% income group has a saving rate that is 13 percentage points higher than the next 40%, and almost 20 percentage points higher than the bottom 50%. It is well known that higher income households have higher saving rates than lower income households (e.g., Dynan, Skinner and Zeldes (2004), Straub (2019)). However, the within-cohort sorting done in this study shows that this large difference is not due to life cycle effects…there are life cycle differences in saving rates, but the differences are smaller in magnitude relative to the differences in saving rates across the within-birth cohort income distribution, especially for cohorts with a median age below 64.” Food for thought that maybe class dynamics precede age dynamics.
Mike gets his own employee's name wrong.😂
"Inflationary is transitory" 😂
This Harley guy is eehh.
He seems brilliant in many things but doesn’t know MMt? Huh
Love Mike
I thought I might learn something here. I am sorely disappointed.
Ugh, didn't Keynesianism end with Keynes' death in the 1940s?
You should look into having Pwter Zeihan on. He is very interesting. And has a unique outlook.
This Harley guy is eehh.
He seems brilliant in many things but doesn’t know MMt? Huh
In 1992, when Clinton was president, there were 11 million illegal immigrants. We added 1.5 million for the next 15 years. Lost about 5 million '07-'12. Plus 5 million '13-17 back to 34 million. 2 million Trump. 10-15 million Biden. Appropriately 50 million. Over the 30 years, 15 million citizenship/green card. (Including my wife.. thanks).
So, 35 million.... Please get the 11 million number out of your brain for labor calculations.
Thanks for reading.
@45:18 can we please stop this choose your gender by the moment insanity?