WARNING: The U.S Economy Is About To Change
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- เผยแพร่เมื่อ 1 ต.ค. 2024
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Chapters:
00:03 Inflation BAAABY
02:06 Apple And Affirm Join Forces
03:55 Morning Brew!
04:59 The Zynpocalypse Is HERE
07:11 Elon Musk VS OpenAI
08:37 GM Stock Buyback
10:10 Amazon.. Is Trying To Be The Good Guy?!
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The fact walmart could afford to lower prices is proof that it had nothing to do with inflation and just corporate greed
how surprising :/
There's really no difference between the two. Walmart (and every other retailer/business) sets their prices based on what they think people will pay for stuff. When Walmart thinks people will pay more, and thus they raise prices, and then people keep buying -- that IS inflation. Same goods as yesterday for more dollars today.
@@Kenotic0913the problem arises when you can ONLY shop at Walmart, as many americans are finding, Walmart is killing competition, thus people have no choice therefore are willing to pay anything for needs
Not necessarily.
If they see data that shows people shopping at competitors to save on costs, they will be pushed to find ways of bringing prices down.
There are more market forces than greed and money printing.
“Corporate greed” means shareholders want more money. Aka, they have to keep margins equal if not higher.
Prices keep going up rent keeps going up but my job keeps paying me the same what the fuck do they want to happen
They want us to just suffer I guess -Mika
Every year, without hesitation, you need to request a "cost of living" raise that at least matches inflation. If your boss says no, then ask if they understand that means you're being paid less this year than last year. Be firm. They need you more than you need them.
@@qwertyuiop83024 They will just replace you, lets be real here. People have lost negotiation power a long time ago, this isn't your grandpappy's economy dude.
Us dollar devalued. And more lay offs coming i guess@@calebhammeryourweekinmoney
@@urbanteckai coming to play and lay offs.
can we start putting the links of the articles referenced in the video in the description for those who want to read more?
I’ll push the idea along! -Mika
We have a debt problem. Apple- let's give them more available options to go into debt.
🤣
For real. I didn't even know Apple is a credit card until I started watching Caleb
This week in money - it’s ass
D:
Oh. I'm soooo sure Instagram puts those unskippable ads in to save us from doom scrolling.😂
🤫
We’re in the first half of the movie “Big Short” where the market should be collapsing but it isn’t. The rich people are still doing just fine it’s the working class that is suffering.
Or like the second half of the movie where the rich continue to do fine and the working class continue to suffer.
But Joe Biden is building back better from the bottom up😂😂
No rate cuts. Gotta Volker this inflation. Prefer 2 years of negative inflation aka deflation.
This is the way.
Thanks Caleb, appreciate the work you and your team put out!
I have a feeling that you will see a huge up tick in affirm accounts on a lot of your guest very very soon lol
Great 🤦🏻♂️
Asking Amazon to do more for poorer residents is asking for trouble. Any assistance they give is always in service to their bottom line. In fact they only did this because Seattle elected a socialist who is extremely anti Amazon.
Thats beyond petty if true 🤣
I think you're connecting dogs that don't exist.
The people in Seattle who actually call themselves socialists don't like Bruce Harrell. That's because they think homeless people should be able to sleep wherever they want; however in August of 2022 it came out the Harrell does not believe in that position.
The reality is Amazon and large tech firms have been trying to promote affordable housing for decades now.
In fact this legislation actually has its origins 2014 back when Seattle passed its $10 minimum wage.
Note that this law has actually not been good for Seattle it's only promoted further gentrification and has discouraged job creation.
Expect to be disappointed by this law. Maybe you will one day realize that socialism is a bad idea.
@@calebhammeryourweekinmoneyReal talk about ten years ago Amazon put forward a plan to solve Seattle homelessness by housing people in dorms to work at Amazon warehouses, with housing status contingent on employment.
Yall sure HAMMER out a lot of content
😎😎
That $975k mortgage ain't gonna pay itself
Hearing you say my name in the start of the video made me fucking jump out of my skin wth Caleb.
Also is my bday - permentatly shook.
Happy birthday!
Affirm should not be legal. At least remove it from absolutely stupid purchases (I know they won’t because that’s how they make money)
Only 18% of people under 25 have a favorable view of America ….
WE ARE SLUTS FOR INDEX FUNDS. WE SHALL BE ADDRESSED AS SUCH.
If everyone just bought what they needed and not what they wanted I have a feeling prices would go down
Love the work you do! Please always keep us updated 🎉
Thanks!
Not really a decrease because the core CPI gets adjusted at the end of the month yet no one ever quotes those. Plus again we're not buying TV's every week, but I do buy groceries which the CPI doesn't count. Also $80 to fill up my gas tank isn't counted. We won't see interest rates drop, though today we saw an increase in unemployment filings as we also saw restaurants report significant drops on traffic throughout the industry.
It's all bad, it's just not getting covered, well until we have mass layoffs.
Lol “shocker the landlord wants a rate cut”
I’m waiting for 2008 part 2, and the property value inflaters need to be the ones holding the bag.
(Love the show)
Wish you would comment on the affirm deal rather than just saying it happened. Given your work in financial audit, what do you think will happen to broke people already addicted to debt?
Apple did it bc this way, more people buy their phones. Its predatory at its core and no company would do this to help consumers, it guarantees the same or bigger return this way.
We stopped rate hikes too soon. We’re in a recession either way, might as well actually fix the inflation problem. Surprised you didn’t mention the expiration of the petrodollar agreement with Saudi Arabia. That’s potentially a huge issue for us economic power.
I would be more worried about the economy if people weren't spending on travel and entertainment like Taylor Swift and Beyonce just announced their retirement and only had 10 shows left. Not to mention American spending on superfluous stuff like the billions we're about to spend on fireworks in a couple weeks suggests people just want to cry about costs while still spending like sailors on shore leave. Sorry I remember 2008 and people weren't buying anything but food and gas amid hour cuts and layoffs. That was legit scary.
Preach
Can we look at total inflation over 3 year periods? If one number goes down slightly, we believe "everything is fine again".
Hmmm, sounds pretty deliberate that Amazon isn't helping below that %threshold of the median. Nudging families that are struggling but could still potentially spend on their website if they got some housing subsidies. Also a good way to ensure continued expulsion of the poorest without govt intervention.
While helping the poorest will always be a necessity. only helping the poor will only result in an increase of said poor. Without the stability of affordable housing and services the affordability line will continue to shrink, sending more people into poverty.
It is best to prop people up before they get to the point that they lose everything.
Of course, things should be done at the root to prevent things from becoming unaffordable anyway.
I actually really enjoy these updates, I only have 1 recommendation could you also give updates on cryptocurrency as well currently it’s crashing across all coins.
You thin Zyn is expensive, wait until you get a coke addict on the podcast lmao
Gas prices fell because they started tapping into oil reserves again. The reason was cause summer was approaching which is not an emergency.
Saudi Arabia also finally dropped the Petrodollar agreement the other day and just dropped the use of the US dollar that has been going on for the last 75 years... We are about to see some serious issues. Even China just recently in the last few months has ditched a lot of our bonds and shifted away from the US dollar. The US being able to export its dollar to other countries is about to end which puts the US economy in a very very shaky situation
oh fu-
Which is why politicians are now starting to have fears about our trillions in debt. It's not an issue if countries would still use dollars to buy oil and as a reserve currency
@@pyrrhusepirus7181 IF... That's a really really big IF and we now have no way to control that IF
I doubt that there will be a rate change. At least we shouldn't hope or expect it
My gas is still $4.70/gal and rising
Thats awful 🫠
Date night with spouse: dinner, candlelight, and slow dancing to Caleb Hammer ❤❤❤
How romantic
Wait, you are advertising buying apple products on credit? What happened to you?
Also, subsidizing demand without increasing supply will make costs go up, yes. Pretty easy question on a college Econ test.
yes yes of course, very trivial as a matter of fact -Mika (college dropout)
Buy now pay later aka, stay in debt and broke for life, if you cant afford it right away then you dont need it!
Aye first min upload woot! Notice me senpai!
Hi.
One of the biggest deciding factors in the current interview process is people asking for unrealistic wages...... I'm sorry, these are same companies whose prices have gone up at least 2X in 3 years! Their starting wages went up 1%..... Im sorry whatttt
Love the gaslighting from the Fed saying everything is fine, when everything is shit. Inflation may have slowed, but prices are still double what they used to be from all of the previous inflation. Also, that CPI number is horsehit. Fast food costs 15$ now, there’s no way prices are unchanged.
I do not expect the interest rate to fall as price inflation is still way too high.
The only reason to lower it would be to do a political favor to Biden.
The FED does not like looking to appear political. Them doing so would exacerbate existing calls for removing the board of governors centralized power and giving the branch banks more input.
I think rent increases should have a cap, like tied to inflation of the specific area they are in. I've lived in places where they would nearly double the rent when it comes time for renewal, and have seen 30% or higher be common rent increases just over the last couple years in my area. This is obviously unsustainable and I can see the impacts it has had by driving down the highway. Three years ago there were hardly any homeless on the side of the road. Now, there are tons and it increases every couple of months. I live in a suburb that's about 2 suburbs away form proper DC metro suburbs..
You used to could only find homeless people going about inside of DC proper. I know its a multifaceted issue, but I've seen really no one giving a care about these people with no shelter. In suburbs like mine, there is not a lot of support to help people close to losing their roofs or those without. I think we are on the verge of a larger epidemic of homelessness. I know people who make close to six figures in this area but they have to have 3+ roommates to afford the cost of living. Who wants to start a family in these conditions? The average price of a one bedroom here for rent is 2500 and studios are not far behind. If anyone has any debt or loans they can kiss affording rent goodbye almost instantaneously.
Also on regards to Zyn. I grew up farming tobacco on our farm, well just about everyone got skull fxd by the federal government because tobacco bad, well now the few farmers still left will have a hard time meeting demand and people my age (for the most part) aren't willing to learn and do it so i have a feeling this will be a reoccurring issue
I live in Mexico and interests are up to 3 times higher in Mexico. For example credit cards carry interest up to 100 percent, but can be lowered up to 50 percent by paying an annual fee. Most people living in Mexico for the most part shy away from most types of credit
The consumer rate is down after millions of Americans realize getting out of debt is more important. Consumer
Affirm to be integrated into Apple Pay…why do they want people to go into debt so bad? I hope people will be smart about their purchases!
3% is still too high.
This situation has made me thankful the Fed is mostly independent. It needs to stay that way.
Just like how tue WEF wants it, “you will own nothing and be happy”.
Whats up bird bird biscuit 😂
I had talked about this happening with a friend since Target got beat so badly bad Walmart and I guessed Targets announcement would lead to deflation or at least stagnate prices and we also saw a drop of -0.2% in the PPI.
didn’t they say earlier this year we were supposed to have three cuts by the end of the year, now they are saying we are only getting one?
Saudies just dropped the usage of the dollar to purchase oil.
Oh yeah, I'm all about following the advice of a guy who looks homeless, but probably lives at Mommy and Daddy's house, in the basement. Sure thing.
???
Hope that makes the indexes cheaper 🤑
🤞🏻
No one could predict whats going to look like in the future
We need to jack those rates, crash it hard, and rebuild.
This is so great! Your content is great & much needed
There's a senator that published something about shutting down the federal reserve you should look into that
His name is mike lee he introduced a bill to abolish the federal reserve
Legacy automakers will end up paying Tesla for the self driving software, it's beyond obvious, that is IF the legacy automakers don't go bankrupt.
probably lol
I feel like an adult watching this content
Was wondering why my affirm stock shot up
Sale on the S&P 500 - Yes pls daddy
You heard it here first. Puts everyone.
2 more weeks
different channel i know, but are we getting a follow up today?
The quality wasn’t where we wanted it to be, we should be reuploading soon. -Mika
Like the show!
Thanks!
FJB
FWB
OpenAI ...
More like ClosedAI
What a joke.
🤣
Hi, I'm a big fan of the show and am interested in the investing program, however I'm not located in the US. Would the program be useful for me or is it very US specific? Thanks :)
It’s best suited for people in the United States. -Mika
Thanks for all the videos keeping me entertained throughout the week Caleb snd Team
Thanks for watching 🙏🏼 -Mika
Great video
Thanks!
As long as Dollar Tree survives I will be happy
Dollar General >>
43rd!!
😎
My new sweet treat
Yay!
Hell yeah new video!
LESSGOO
Thank you
You’re welcome
First
Second actually 🤓
Inflationnnn
Inflation 😡
@@calebhammeryourweekinmoney sorry, I forgot the mad face!
INFLATION 😡🤬🤬🤬🤬
It's killing my mortgage buzz.
"the great zynpression" yes, this right here. This was the last straw.
Elon was upset that a possible competitor was dealing with a company he thought he could control
💀
Unpopular opinion here : Thing is, Elon wants to save the world.
But he wants to be the only one saving the world. Guy must be a nightmare to work with. Explains the BS lawsuit toward openAI.
Ego is a wild thing..
Rogue is better
I thought you were about to do an ad for Affirm and nearly stroked 🫠
Thatd be wild lol -Mika