David Rosenberg - How To Prepare For Economic Collapse
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
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Thanks for joining us today! David paints a very negative picture of both the U.S. and Canada. Do you agree?
No worries! If you're the US Government, you simply change the definition of the various economic indicators. _Problem solved!!_
I agree 100%
Joe has a backup plan, we all should enjoy the time we have left.... THREADS
@@ChiIeboy It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel! (so true)
@@billcarney829 It's Jimmy Connor, thanks for joining us today Bill and for the comment! Be sure to Subscribe to our channel!
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Sure, "Annette Marie Holt" is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
@@EthanBrowne451 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?
Jennifer Lea Jenson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence 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.
Absolutely, inflation is a significant concern, especially given the current state of the global economy.
With all the recent economic turmoil, I'm really worried about inflation.
Yeah, it's definitely a hot topic right now. The pandemic caused disruptions in supply chains and led to increased government spending, which could contribute to rising prices.
Inflation can erode the purchasing power of your money over time, especially in today's global economy.
I've been thinking a lot about financial planning and retirement strategies lately. With all the economic uncertainty, it feels like I need to be extra cautious.
Most times it all comes down to proper financial planning cause most people don’t realize how important financial planners are until they messed up. Staying productive with the latest strategies and analysis really pays off. With professional help I turned $220k into $880k despite the market ups and downs.
David nailed it when he said the US economy is a 'mirage'
It's Jimmy Connor, thanks for joining us today and for the comment!
❤
Unemployment numbers only included those actively looking for jobs. If they arent, which a lot stopped, they arent counted.
An economy that produces less and consumes more, save less and spends more and taxes less but outspends…it’s more than a mirage it’s a phony economy
Another great vid! I Appreciate the fantastic content you put out! Keep it up 🤙❤️💃🏽😎
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
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
'Linda Aretha Reeves' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I love Mr Rosenberg. I will be 74 in July. I have listened to many economic experts and he is among the most trusted and brilliant. Thank you so much for the wonderful interview !!!
It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content!
Really? What has he said that you found insightful? From what I have seen David says the same things everytime the only thing is he might change the narrative with cherry picked data. The economy sucks, buy bonds, DDD (debt, demographics, deficits) will destroy us, stocks are overvalued, a recession is imminent. Stock market at all time highs, unemployment near/at all time lows, bonds crushed, immigration at highest rates, etc etc. When has he ever been correct?
*Hit 240k today after 14days. That’s total of $3million plus. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in December 2022*
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still
believe in God
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
If you are not conversant with what you see here you can look upto her on the internet using her full name ❤️
Yes I agree with you on that. I was once a holder with about 3BTC, 7ETH and $8000 worth of lite coin but now after investing I have about 17BTC and 21 ETH.
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This is must watch for all Canadians. No one realizes how weak our economy is and have been for many years. Trudeau and that other guy a joke.
It's Jimmy Connor, thanks for joining us today Patrick and for the comment!
Other guy being PP? They are all the Uniparty.
A bad joke.
globalizing the currency has consequences
Canada was showing the signs 20 years ago... That's why I packed my business and left....Ppl were saying I went crazy....Today they ask me how did I know it?
David Rosenberg's REALISTIC insights are always most interesting.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Affordable Care Act (ACA) became law 14 yrs ago. Can you think of anything about healthcare in the US that has become more “affordable”?
The ridiculous “Inflation Reductionn Act” is not going to reduce inflation either. It’s window dressing for gullible voters.
Pierre Trudeau introduced the capital gains tax. Before 1972, Canada had zero capital gains tax. Any politician who reduced capital gains tax to zero will attract all the world’s best businesses to set up shop in Canada and produce more growth and jobs and put the country on track to surpass UAE, Dubai and all other oil rich countries.
It's Jimmy Connor, thanks for joining us today and for the comment! Agreed 100%!
Nobody wants to live under a soft communist dictator
I respect Kim Jung un more than Trudeau. Does more with what he has…
Are you delusional? Eliminating capital gains taxes may attract corporate oligarchs and aristocracy, but the only thing that trickles down will be their piss. They're not going to create jobs, they're going to use AI, automation, and offshore the work to Indians who will gladly work for a dollar an hour.
Mr. Rosenberg is one hell of a seasoned and smart man.
It's Jimmy Connor, thanks for joining us today Larry and for the comment! Be sure to Subscribe to our channel!
Yes, he is just not good at predicting the future.
There were no mistakes. Just a plan .
Q
I agree
So if you KNOW their plan
Make YOUR OWN PLAN to strategize and PROSPER.
God speed!
Q❤
Nobody believes it anyway..I was always saying that the USA was sold in 1913...and wealth grab never stopped...today there is nothing left to steal...so the "big business" will left USA to die...
@@hrhtreeoflife4815 Amen!
The fiat dollar is the new wooden nickel from the company store. The PEOPLE have become slaves to the system like working in coal mines. Keep the PEOPLE in debt and they can never get free from the system. Why sell your commodities from Goldistan for wooden nickels?
My opinion is that the problem is the corruption in the government, in all levels, you name it. The bad thing is we try to look the opposite side , and Ignore the real problem
Only sensible person here.
It's Jimmy Connor, thanks for joining us today Jaime and for the comment! Be sure to Subscribe to our channel!
You think government corruption is a new problem?
Who own the Fed?
(it has nothing to do with Gov’t)
IMO
@@snowyowl6892 the Fed isn't independent from the Gov't...the Jamie Dimon's, the Larry Fink's, those who are in Lockheed Martin, Raytheon, Boeing Navistar, Honeywell, Northrop Grumman and every single politician ..they control it all.. It's one big group and the people continue to get it wrong.. always looking for a wild conspiracy theory.
The US is the World Order and has been since the 1945 ally Bretton Woods agreement. The Gov't has confiscated gold from the people back with Roosevelt, forcing payroll taxes, telling us to invest in their bonds ..it's all been planned by Gov't to control the sheep
The U.S. unemployment rate is a lie.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Inflation causes people talking more than one job.
@@Evertraveller Oh yeh!
@@BloorStreetCapital are the 17million illegal invaders considered in the unemployment numbers?
We (USSA) is not entering recession with high employment.
USSA is entering Depression with VERY HIGH real UNEMPLOYMENT.
We have no growth other then gov spending and gov ‘job’ ‘growth’
It’s not a mirage, it’s a deliberate malicious illusion 😮
Planned collapse by our fascist leaders
No ones talking about the Petro Dollar contract that expired today June 9th 2024 with Saudi Arabia and the United States. Why is no one speaking on this. This could impact America in a Major way
Only on YT channels
@@foilrider2000lol
Just like tiktok, if you report anything not by top rich, they will silence the public. Just like Israel
Long run, it will slowly erode dollar strength
andy schetnet talks about it on kitco
Yes, they're "human beings & not machines" except given the fact they don't live in our real world economy & fail to understand the average household. Inflation was never transitory, the average person knew that inflation was knocking at the door!
U.S. economy has been a mirage since 9/11, and maybe going back as far
to when Nixon took us off the gold Standard. I graduated HS 50 years ago
this week. The 1970's were rough, the 80's thru mid 90's were a great ride. Since 1998
things have been bumpy for main street. The govt has messed with the way we figure the
economic #'s to the point they are meaningless.
2000
Nixon allowed the dollar to float.
1929 to 1933 was transitioning off the gold standard.
This guest is brilliant and clear speaking.
It's Jimmy Connor, thanks for the comment Richard and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Thank you, David, for sharing your detective-style economic analysis, and lucid communication skills.
It's Jimmy Connor, thanks for the positive comment Julio! Don't forget to Subscribe to our channel and thanks for your support!
Dear Mr Rosenberg
With respect you should re evaluate everything you just said under the lens that the last two US bond auctions failed.
0% chance rates go down and bonds get rolled over at those low rates.
40:05 you talk about AFFORDABILITY of housing. You talked about the three factors, home price, income, interest rates. ... Maybe it's about the size of the home, the needs of families. ... Maybe our expectations have exceeded our budgets. Maybe "our reach has exceeded our grasp."
I don't know about CANADA, but in the UNITED STATES, where everything is bigger, I see very few 3/1 homes on a quarter acre being built. ... EVERYTHING SEEMS TO BE FOUR BEDROOM, THREE BATHS.. It's like the idea of PLATING that you mentioned earlier in restaurants. Maybe we need to PLATE our homes in such a way that we deal with a three bedroom one bath home for a wife and two kids.
Maybe a three-bedroom two-bath duplex townhome is sufficient for a family of 4. Maybe we need to go back to levittown, Long island. Three bedroom, one bath, fenced yard, throw in a mutt instead of a $2,000 goldendoodle. ... Maybe we need sound money.
David, please remind people that Recessions aren't a Bad thing! They help remove some of the Mal-investments that taken place over the last 10 to 15 years.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
Human behavior never changes, most people are in denial but number don't lie
It's Jimmy Connor, thanks for the comment Franklin and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Numbers are manipulated though, so check your sources.
Please… the issue is ALWAYS a SPIRITUAL PROBLEM! Get it?!
If the politicians quit spending like drunk sailors at a women of the nights house 😢
It's Jimmy Connor, thanks for joining us today and for the (funny) comment! Be sure to Subscribe to our channel!
Minus out the government spending this economy is in a downturn.
It's Jimmy Connor, thanks for joining us today Michael and for the comment!
No one ever does this...ppl are exceptionally dumbed down.
Yes, I believe that's what the interview subject in the video said. Several times.
@eyesuckle lol i just watched the first few minutes. So that's good
Good conversation. Thanks for sharing!
It's Jimmy Connor, thanks for joining us today and for the comments in the chat!
Many thanks to @DavidRosenberg for his excellent and sane analysis of what is happening in the US and Canadian economies. I was very surprised to know that the population growth in Canada is 0% (zero) without immigration, and if there was no immigration, the Canadian economy would keep contract at around 2% per annum! And, he makes such an astute observation that immigrants require a roof over their head the moment they land, whereas a baby born in Canada, organic growth, would require a diaper and pacifier but not condo, house or apartment. And, by the time they are 18 and move out of their parent's house, the natural death rate would take care of his housing need because someone will have either moved to a smaller / assisted living space or moved on from Earth. It would not create the housing shortage we have which is driving the prices to such highs and affordability going out of the window. Wonderful discussion. I hope @DavidRosenberg is brought in every 6 months, if not quarterly to give us the lowdown on the US and Canadian economies, and a sane look at the World rather than all the economic propaganda we see in American and Canadian MSM. Thanks!
furthermore, those illegal invaders aren't working so the government is spending on them, till at least the election
Thank you gentlemen. Very informative. God bless.
It's Jimmy Connor, thanks for joining us today Lawrence and for the positive comment!
Why can't people see what's happening? When I was younger I knew nothing about "markets," about how things are valuable then tarnish over time, or over down cycles. We are fed daily readings of the stock market, but they don't really tell us much about where we are heading . . . until its too late.
Weak productivity in Canadians' populations, ending of the 50-years PetroDollar Agreement on June 9 2024 between Saudi Arabia and the US, stagflation future, and low birth rates ..... these are not surprisingly reality checks, they were in the making for decades...
It's Jimmy Connor, thanks for joining us today and for the comment! Yes it don't happen over night but the question what are we going to do about it? I don't think anyone wants to implement an austerity program to fix it. That would be political suicide.
I've been doing my best to repopulate the planet, but I've just seemed to have hit a dry spell!
The U.S. savings rate is low - mainly because of private healthcare costs… insurance costs are outrageous 😮
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. It's the same in Canada. Insurance on everything is stratospheric.
Lets Go Brandon !!
Thank you David! This is a master class!
It's Jimmy Connor, thanks for joining us today Michal and for the comment! Be sure to Subscribe to our channel!
It’s good to hear the truth
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Thanks for the interview james
David is a wealth of knowledge
It's Jimmy Connor, thanks for joining us today and for the comment! Appreciate the support!
So many economists are in agreement with Mr. Rosenberg, That I have to conclude that so many may no possible be wrong. I do have to ask, will we be doing better if we had not financed all these unnecessary wars that we fought in the last sixty years?
Is the sky blue?
Ok crazy man, it's 2024
Another question about war to consider is, how many wars have we not had, that we avoided, because we paid the price of war we know and did have?
Those ears have saved the dollar. Imo.
Time to re-read George Orwell, and look closely at the pigs that are more equal than others!
This is good info. They 'revise' everything down! The stock market is not the economy. Everything is looking worse.
It's Jimmy Connor, thanks for joining us today and for the comment!
GDP , the borrowing from fed to treasury. Included. Billions.
He's telling the truth, it needs said
The best point he alludes to is around 30 minute mark. My salary looks good to the average person, and yet when I look at prices for Jays games, concerts or even theatre shows in Stratford and I wonder who in the world is paying these prices? So it’s only the high end earners. And that spells trouble in the months ahead.
Mr. Rosenberg is right on the money!
If the government has to hyperinflate to pay back bond holders, what exactly does one gain from holding bonds?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. This is a great question and I will make sure to ask David during our next chat.
Fantastic interview. Thank you.
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
I'm seeing deflation at the grocery store and online shopping. I got boneless chicken breast for $2.98 a pound. I got a huge tub of mixed green for 1.99. I got Italian bread for 40 cents and 69 cents for sliced. I got a rotisserie chicken for $3 and canola oil for $2.50. I've pretty much stopped dining out. Im making meal at home for about $1 per meal.
I stay near home. I shop local. I spend very little on gas. I'm using the ceiling fan instead of AC.
My friends who can't pay their taxes, credit cards, child support, or mortgage are taking vacations and going over an hours away to drink with buddies. Feels like 2006.
It's Jimmy Connor, thanks for joining us today Annie and for the comment! Those prices seem cheap. Where do you shop?
@@BloorStreetCapital Ingles and Walmart.
@@anniealexander9616 wow we shop at Walmart and Costco but I dont see those prices.
@@BloorStreetCapital Check for discount shelves and reduced price stickers.
I ve seen the opposite: $9.99 for a watermelon, 8.99 for a case of water, 9.99 for a 12pk of cokes(12 oz. cans) and 4.99 a lb for boneless chicken breast , 4 pcs of corn at 5.99, romaine lettuceat 3.49, this is at Alberstons/ Safeway.
Great interview. You are way to generous with excusing the feds poor performance. They have been a wrecking ball since their inception.
Wow. I stumbled across this and Mr R. is absolutely right about the US.
In 1983 my home purchase was low but the interest was high at 14%!
That's probably better than what's going on today. These home prices are silly. I can't believe folks are paying it!
Great observations!
It's Jimmy Connor, thanks for joining us today and for the comment!
Wonderful show. Great guest Rosenberg
For a Canadian this guy is spot on for us market
So…. How do we prepare?
Excellent and informative interview!
It's Jimmy Connor, thanks for joining us today Pauline and for the positive comment! Be sure to Subscribe to our channel!
Mr. Rosenberg is correct. The stock market is a short term casino like reaction it does not reflect the health of the economy
This gentleman was spot on!
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
We have to stay with high interest rates. Inflation is the only way to eventually work out if this. Most people don’t realize this.
It's Jimmy Connor, thanks for the comment! I think you are right!
What will it take to slow down CONSUMPTION, is the question. Consumer spending is unhinged. There is no end.
It's Jimmy Connor, thanks for joining us today and for the comment! I am shocked by the spending that is still going on. People flying all over the world to see Taylor Swift.
Higher interest rates.
A credit freeze like we saw in 2007.
@@anniealexander9616 Credit is so profitable, I doubt that would happen again. I think the banks will see some impact from defaults, though. It is expensive for a bank to get a judgment against a debtor.
@@JayTX. That society has made me rich, so I cannot complain. Most of my stock market gains are driven by this fact.
Cool! Life goes on. Cheers for the heads-up.
Deflation is always right around the corner with this guy.
Respectfully, Mr. Rosenberg, when did you last visit a local Supermarket and do the family food purchases ?
The only reason job rates are low is because people are working 2 and 3 jobs trying to survive and put food on the table..
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Your comment resonates with me, given I am working 2 jobs. Don't for get to Subscribe to our channel and thanks for the support!
Pretty much sums it up. Well said.
He mentioned all the revisions which is significant
25 trillion economy and 34 trillion in debt. So economy is really -10 trillion in the hole.
👍🏼😉🎯
Great interview Jimmy, I love to hear from David on his text about the economy. One thing I will disagree with David is that taxes are inflation. When hospitalization, medication and schools, etc have to spend more money on supplies, labor, etc. they come back to you with higher taxes “ because” of inflation. As a matter of fact, government of any size is inflationary that is why our forefathers envisioned a very small and efficient government. They envisioned a government to stay out of our lives and our pocketbook as much as possible.
It's Jimmy Connor, thanks for joining us today and for the comment! Great point!
Property taxes are used to keep counties functioning. Not inflation? OK, call it lack of efficiency.
Counties are price gouging. I fought my property taxes for 6 months and won.
@@anniealexander9616 good for you Annie, even local governments are monopolies, but at least they can be controlled by local citizens voicing their opposition to overtaxation.
Excellent insight!!!
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
Very interesting, thought, thank you. M
It's Jimmy Connor, thanks for the comment Michael! Don't forget to Subscribe to our channel and thanks for your support!
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Great, great interview! Really enjoyed what he said about changes in consumer behavior. Never heard of 'plating' but I think I will have to start doing that with my wife.
It's Jimmy Connor, thanks for joining us today Frank and for the comment!
My wife hasn't allowed me to "plate" her for years. More's the pity. Yes, outstanding interview.
@@user-zm8ob5cs4l If your wife is gaining weight, you have my sympathy. If she's losing weight, well, then I kind of see her point.
Great interview Jimmy. Simple and effective 🙌
It's Jimmy Connor, thanks for the positive comment Padraig and for the ongoing support!
Excellent information from Mr Rosenberg...every time he utters the word ''Canada'' it could be replaced by ''Australia'' and would remain just as accurate. We are in the same leaky boat, just trying to remain afloat.
It's Jimmy Connor, thanks for the comment Chris and for taking the time to view our content. Are things that bad in Australia? Don't for get to Subscribe to our channel and thanks for the support!
David is correct like in the movie "The Big Short". "I'm not wrong just too soon." Especially important If you are a buy and hold investor. Still waiting......
It's Jimmy Connor, thanks for joining us today and for the comment! Yeh it's the waiting that can kill you. Time will tell.
David also said a few years ago in an interview and I quote “you can be right, but if your early your wrong”.
Only thing I’m buying is gold and platinum.
I only half trust silver.
Stagflation, slow growth, extremely high inflation. If they lower get ready for super high prices in food, and other necessities. A guy like him doesnt care about inflation, he wants lower rates because he'll just get richer, owning assets that do well with inflation. Meanwhile the middle class will just become poorer as the Government goes into even more debt, and the debases the currency.
It's Jimmy Connor, thanks for joining us today and for the comment!
That's rather cynical. I doubt that Rosenberg needs more wealth. However, there are plenty of new retail traders who want lower interest rates. They have not been burned yet.
If Canada ever wants a stronger economy in the long run rates need to go up.We are in for a decade of pain.
With regard to inflation, Rosenberg also makes a distinction between sticky inflation that never goes down and flexible inflation that goes up and down with the economy. The distinction might be fine in order to judge whether an economy is growing or not but it is not sufficient to judge the real strain on people in their daily lives. For example he wants to disinclude owners equivalent rent even though this is a major factor in accounting for 1/3 to 1/4 of people's entire budgets. Same for health insurance and car insurance which he does not want to include as a measure of inflation.
Very informative interview and recommendation at the end.
this man is spot on i started sharing food too lol
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
No mention about the effect on the US economy that war financing for israel and ukraine is having, not to mention the formation of BRICS and the future effect of de-dollarization on the american and Canadian economies.
It's Jimmy Connor, thanks for joining us today Alex and for the comment! You raided some good points that I will bring up during our next discussion. Re BRICS insignificant, it will not happen in our life times.
I was confused until at the end he said he was bullish on commodities. Commodity equities is where the biggest gains will be in the next couple of years imo
great dose of information thats revelent . need not scream nor shout to get message delivered .
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
I've been looking at financial advisory as of late, but kind of relaxed about it, would you mind recommending the advsor that assists you please? I'll be happy to use some help
Her name is “VIVIAN CAROL GIOIA” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for the lead. I just searched VIVIAN by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
The Coming Collapse - It has already started !
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. I agree 100%! Don't for get to Subscribe to our channel and thanks for the support!
@@BloorStreetCapital It really has a chance of being much worse than the 2008 re-depression !
Absolutely true
It's Jimmy Connor, thanks for joining us today Ken and for the comment!
Thanks for a reasoned explanation of today’s economy.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
Thanks Jimmy and Dave! Gold and bonds massive explosion to the upside coming.
It's Jimmy Connor, thanks for joining us today and for the comment! If he is correct about interest rates the TLT could have a massive move (gold also).
We should have a law to regulate the economic information and numbers to be manipulated by constant revising, employment calculations, and inflation numbers. How do they come up with the three percent unemployment number by ignoring those who have given up looking for jobs because they can't find one?
Rosie is doubling down. Love it.
Of course it is; especially since 1971!
In theory, higher interest rates drive up rent prices and lower interest rates lower rentals. Again, in theory higher interest rates reduce the demand for real estate and sellers may have to accept lower prices.
It's Jimmy Connor, thanks for joining us today Roland and for the comment!
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular advisor you using their service?
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Well said about US economy. Thanks for sharing and surfacing the truth. 👏👍
This conversation has nailed literally everything I've been reading. I am in cash, and wondering when to get back in as I see S&P 500 still rising. This makes me a bit more comforatable that I might be making the right decision, while seeing a loss in short term gains.
USA needs to stop meddling in other countries affairs and let them hash it out ?
Im glad the demand for oil is low. I don't think anyone can with stand oil costing $100 barrel...
Great interview
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
This economy has changed so much. 40k used to be middle class and now it feels like 70-100k is the new 40k.
It's Jimmy Connor, thanks for the comment Steve and for taking the time to view our content! SO true! $100k hardly covers the expenses and if you have a family or 3 or 4, oh boy.
I think home prices will go down 25%.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
40% down in my opinion. When baby boomers start moving out of their homes, housing market will collapse.
Up to 40%
The US has always been in "serious trouble.' You obviously were not around in 1861.
Wow this Man is incredible 😮❤
fantastic speech
I feel inflation is the cause of all increases like property tax,insurance and houseing unlike how he thinks it does not affect these.Interest should be increasing for a stronger long term economy.Lowering rates is just delaying the pain.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Rosenberg is in my opinion also wrong about interest rates not affecting sticky inflation they do in fluence sticky inflation things like insurance payments on the housing or cars but in a more subtle and slower acting way. When high interest rates cause a surge of unemployment and people buying cheaper cars and less new cars because they can't afford their credit card bills or their credit card interest payments are eating up all their budget the price of cars new cars and old cars eventually goes down. The same applies to housing and the price of new houses. People do Buy less insurance when times are tough. I know some middle income people who have stopped paying for insurance on their house even though their house is their largest asset they're just willing to take the risk and they don't have a choice. As far as cars and car insurance is concerned a lot of people are choosing to go with higher deductibles and less overall coverage. This causes competition among insurance companies and causes them eventually to lower rates. So it's not that high interest rates don't affect sticky prices it's just that it takes a little bit longer.