They're trying to make it seem like the increase in unemployment is small. It's not. There's been a 14% surge in the raw number of unemployed Americans over the last year. Historically, when that threshold is breached, it means recession momentum becomes unstoppable. 1:16 Next 6 months will be very interesting.
@jameslinmd
3 ай бұрын
Agree. This lying regime is horrible for America. The partisan nature of the country is killing every American.
@donklee3514
3 ай бұрын
The FED doesn't have to lower its fed fund rate and probably should not. Lowering the FED fund rates probably won't change the recession outcome much if at all, but more likely could spark more inflationary pressure. Stagflation is when the pricing mechanism stops working and economic activity slows to a crawl. Prices stick and without a price adjustment things stagnate for decades. Changing FED fund rates without demand for lending is a mute point. An exercise in futility.
@aoeuuaoaou
3 ай бұрын
🤣
@datruth4766
3 ай бұрын
It's a lagging indicator. Everyone who gets a severance will not show up in the data until they apply for benefits.
@allinone4538
3 ай бұрын
In phoenix apartment are cutting prices 30% since june
@DonaldMark-ne7se
26 күн бұрын
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
@JacquelinePerrira
26 күн бұрын
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
@Jamessmith-12
26 күн бұрын
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
@kevinmarten
26 күн бұрын
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
@Jamessmith-12
26 күн бұрын
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.
@kevinmarten
26 күн бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@micheal_mills
3 ай бұрын
Crash fatigue is showing with most people. Most are so tired of hearing about the worse even though its true. We are being boiled slowly in the pot! I want to diversify my $80k portfolio.
@donna_martins
3 ай бұрын
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
@Walter_hill_
3 ай бұрын
The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
@Trevor_Morrow_LTD
3 ай бұрын
That's impressive! I could really use the expertise of this advisors because my portfolio has been down bad. Who is the person guiding you please?
@Walter_hill_
3 ай бұрын
‘’Vivian Jean Wilhelmy’’ is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
@Trevor_Morrow_LTD
3 ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@Pat_laura22
2 ай бұрын
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
@lunaezj-e9b
2 ай бұрын
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
@Millerj2450
2 ай бұрын
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.
@campelm
2 ай бұрын
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
@Millerj2450
2 ай бұрын
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with “Jessica Lee Horst” for the last five years or so, and her returns have been pretty much amazing.
@Alex_will12
2 ай бұрын
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
@Beatricegove733
3 ай бұрын
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
@NicholasHarmon-ow3jl
3 ай бұрын
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
@Justinmeyer1000
3 ай бұрын
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.
@foden700
3 ай бұрын
I’ve been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
@Justinmeyer1000
3 ай бұрын
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@foden700
3 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@nicolasbenson009
3 ай бұрын
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
@BridgetMiller-
3 ай бұрын
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
@tatianastarcic
3 ай бұрын
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
@Michaelparker12
3 ай бұрын
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
@tatianastarcic
3 ай бұрын
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@berniceburgos-
3 ай бұрын
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.
@JacobPaul-n6p
2 ай бұрын
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
@DhanaPayar
2 ай бұрын
Real estate and stock investments may be good decisions, especially if you have a solid trading strategy that can see you through prosperous days.
@Michaelparker12
2 ай бұрын
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
@Sofiapaate
2 ай бұрын
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
@Michaelparker12
2 ай бұрын
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Jessica Lee Horst for the last five years or so, and her returns have been pretty much amazing.
@Steven-u2u
2 ай бұрын
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
@BenMaclung
Ай бұрын
The constant changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the unstable market.
@LeylahCollins
Ай бұрын
For majority, the solution to their problem can be found in specialized knowledge, so can as well seek guidance from a well experienced advisor.
@FrankCoric
Ай бұрын
Despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
@Lindamartin-w1h
Ай бұрын
Truly 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?
@FrankCoric
Ай бұрын
My CFA ‘Grace Adams Cook’ , 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.
@Lindamartin-w1h
Ай бұрын
Wow such an eye-opener! curiously inputted Grace Adams Cook on the web and at once spotted her consulting page, she seems highly professional from her resume.
@BarbaraMercer-t4u
Ай бұрын
The Federal Reserve halted rate hikes, which is a very bold move by the Fed to stimulate economic expansion, ease financial conditions and address inflation concerns with potential benefits for consumers. what are the best additions for a $120K portfolio to enhance the overall performance of my portfolio this year
@ErinWarner-zc9jy
Ай бұрын
Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
@LejlaGöransson
Ай бұрын
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@DanielOrstein
Ай бұрын
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
@LejlaGöransson
Ай бұрын
“Viviana Marisa Coelho” 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
@JBHus
Ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@christopherduff1641
3 ай бұрын
I have an engineering degree and got layed off last year. Working 60 hours a week to earn 20% less doing warehouse jobs/ gig economy. Job data is a joke. No one is hiring
@JessicaTheEngineer
3 ай бұрын
Come to Florida! Lots of openings in Water Resources!
@Ja56780
3 ай бұрын
Huge increases in part time jobs, that’s about it.
@gregorysagegreene
3 ай бұрын
Keep it up ... cause surviving the longer long-haul will be all that matters. Remember this.
@CoachStaci
3 ай бұрын
THERE ARE NO JOBS! Please - look at the job boards - there are less than half of what their were! LESS THAN HALF!!!!! Please watch this - I feel like I am the only one seeing this - please, don't listen to data, believe your own eyes!! You can do it - take back your power!
@martincagle9226
3 ай бұрын
If this administration says anything you know it is a lie.
@kare7840
3 ай бұрын
It's already a quiet depression. So many people with blinders on.
@pbmc_
3 ай бұрын
💯
@JRGUSC
3 ай бұрын
I just went to look at some homes near a lake in SC. Not on the lake...near it. 3200 sq ft new construction builds going for $600,000+. Same house pre-COVID would have been around $400,000. Asinine. Quiet depression or whatever you want to call it...people are still buying stuff, in large numbers. At least in SC. Like nothing is concerning.
@ryaj2356
3 ай бұрын
You are incorrect. They’ll hyper-inflate the dollar before we ever raise rates anymore more. It’s why they stopped at the number they did. They’d break the system going any higher.
@Delanoay
3 ай бұрын
@@JRGUSC A majority are financing stuff, not buying.
@TheBirdmon17
3 ай бұрын
not yet........the next scamdemic will cause the next depression
@Dantursi1
2 ай бұрын
I was part of the recent layoffs at twitter and this bites hard. Grateful that I kept some savings about 600k tho! Now I am looking for ways to invest this into the stock market to generate good dividends to supplement for my monthly expenses.
@derrickholfman2
2 ай бұрын
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
@michaelschiemer3
2 ай бұрын
Agreed, After taking charge of my portfolio in early 2017, i stumbled into losses. Upon realizing that a change was necessary, I consulted a fiduciary advisor in 2020 and since then my $1.2m portfolio has gained 28% annually through restructuring and diversification using dividend equities, ETFs, mutual funds, and REITs.
@Rachadrian
2 ай бұрын
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
@michaelschiemer3
2 ай бұрын
Annette Christine Conte 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.
@Rachadrian
2 ай бұрын
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
@keithwalter286
3 ай бұрын
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
@agiaco
3 ай бұрын
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
@clackyoung8977
3 ай бұрын
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
@Stlmyth
3 ай бұрын
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Jane Nina Pickett turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@AJ-ox8xy
3 ай бұрын
I am a HVAC journeyman. I work on all kinds of boilers, furnaces, ACs, heat pumps, appliances, etc. Basically anything that deals with cooling or heating or some kind of plumbing or mechanical system, I work on it. I easily walk into 3 to 7 homes everyday. Something i have increasingly notcied in the last 6 months is how many people that call me who are not working. Everyday I have at least 1 household I walk into and they are not currently working due to recent job loss or something else. Its crazy to me that so many people are out of work. Concerning to say the least, especially because it will ultimately the entire economy along with my business if people by in large can't pay for my services.
@thyslop1737
3 ай бұрын
In my city suddenly lots of residential listings, most on market for months and all with price drops. Had a nasty feel to it.
@berry1669
3 ай бұрын
and the Govt says the economy is fine - all lies
@AJ-ox8xy
3 ай бұрын
@@lazydayB2B I charge what's appropriate for the value I bring. My average call to come out is 59$. Average range of repairs hover between 400$ to 1100$. But it depends on what I'm working on. AC's have become much more expensive recently due to supply constraints and increased government regulations both federal and state.
@mr.frandy7692
3 ай бұрын
yep, it's a vicious cycle. it can get out of hand fast.
@AJ-ox8xy
3 ай бұрын
@@mr.frandy7692 indeed
@williamrinaldi1808
3 ай бұрын
Laid off Senior Software Engineer. Most jobs receive several hundred, if not thousands, of applications. The job market is broken.
@jeffbarnhart6441
3 ай бұрын
Same boat. Definitely agree.
@tradermunky1998
3 ай бұрын
Hey, me too, senior software engineer! Got laid off in September, been nothing but junk out there and now there isn't even junk 😂 My tech buddies are either laid off or their company is laying off.
@weswest8666
3 ай бұрын
💯
@lisalove8526
3 ай бұрын
Experienced RN here laid off in 2011, took 11 months to find another RN job, and only because my friend knew the Manager. Hundreds of RNs applying for 1 job at that time as well. Hoping you all get a break soon.
@great4ever845
3 ай бұрын
Yeah it's tough competition
@nameblocked
3 ай бұрын
The Fed should be raising rates until the price of real estate and automobiles are cut at least 60%. Low rates are what got us here.
@texasyankee20066
3 ай бұрын
More than a decade of lose money policy, and money printing. Agreed.
@jayworley1583
3 ай бұрын
But instead, they're on the cusp of starting to lower the FFR. I firmly believe that the first two 25-BP drops will lead to a 100 BP reduction in the 30YFRM. When it falls below 6%, new home prices are going to follow existing home prices & start to rise again.
@Yui789esss
3 ай бұрын
Then my savings will be getting extra interest …. I agree 👍👍
@DayTrader2014
3 ай бұрын
No need to increase or cut rates, just cut all credit (money supply), inflation will die overnight and everything will become undervalued !! But guess what, they wont do it, because their goal is to always keep inflation alive !!!
@sfm45
3 ай бұрын
They may have to lower the FFR or the government may have to "print" or whip up outta thin air so much extra money to pay the debt/deficit and pay for everything else around the world - which will cause even more inflation because of so much money printing 🤣
@msbethmildhyperbaricoxygen6392
3 ай бұрын
Then there are people like my husband and I that don’t qualify for unemployment and aren’t counted. He has an interview today, first in 7 months.
@AJourneyOfYourSoul
3 ай бұрын
You don’t have to receive unemployment to be counted.
@bestly802
3 ай бұрын
@@AJourneyOfYourSoul do they still count them if they don't apply for unemployment? Because if someone knows they don't qualify for unemployment, I doubt they would waste time to report/apply for it.
@Autotad
3 ай бұрын
@@bestly802unless you are part of the BLS survey, you personally are not counted. They actually call the participants of the survey to find their employment status on a regular basis. Survey consists of 60,000 households nationwide.
@MsLulu-jr4on
3 ай бұрын
Wishing him lots of luck and landing something good 🍀🍀🍀
@AJourneyOfYourSoul
3 ай бұрын
@@bestly802 The unemployment figure is determined by a survey. They randomly call households/people and have a list of questions they ask. If someone is out of work, but currently looking for work, they are considered unemployed. As long as the sample size is large enough, they get a pretty good picture of what is happening in society. In order for it to be more accurate, they probably sample by different areas in the country to get an overall unemployment picture.
@TheRokaphella
3 ай бұрын
Yeah... houses doubling in price these last 2 to 3 years is ABSOLUTE INSANITY😂😂
@JasRoss
3 ай бұрын
Canada says: "Think doubling is insane? Hold my beer!"
@bpb5541
3 ай бұрын
Which means it is in a massive bubble. Bubbles pop.
@marivega3294
3 ай бұрын
Since January 2024 I have applied to over 200 listings and I've only had one interview.... and that's with several years of experience in the industry AND while being employed.
@bobnas
3 ай бұрын
What sector(s) and position(s)?
@Kchula
3 ай бұрын
I think the field you're in and where you live impact that as well. I've applied for jobs in the last 2 years and I've gotten three jobs. I just recently started a new job and I love it.
@CurtisLoew-q7q
3 ай бұрын
@@bobnas She will not answer. Lies.
@marivega3294
3 ай бұрын
@user-dn5ud1cr3b chill. Like I said I'm still employed so I don't sit by my phone all day 😂. I'm in ca bay area and I'm in the biotech/pharma/research industry.
@marivega3294
3 ай бұрын
@bobnas I'm in ca bay area and I'm in the biotech/pharma/research industry.
@SchindlerNelson
2 ай бұрын
Thank you for your honesty and transparency. It's refreshing to see someone acknowledging the harsh reality of rising prices, which are leaving many of us feeling battered and bruised.While I'm grateful to be in a position to absorb these costs, my heart goes out to those who are struggling to make ends meet and can't afford their basic necessities. made $38k from my little invested $11k regardless of how bad it gets on the economy.
@maya-Bryan
2 ай бұрын
This inflation has taught people the importance of multiples income investment helps alots..
@Kathy-q1d
2 ай бұрын
This inflation has taught people the importance of multiples income investment helps alots..
@SchindlerNelson
2 ай бұрын
she's mostly on Telegrams, using the user name
@SchindlerNelson
2 ай бұрын
Roxanne Emmett
@Muhammad_Chattopadhyay
2 ай бұрын
Everyone needs more than their salary to be financially stable. Investing it with a reliable source is the best
@k.williamelliott7969
3 ай бұрын
Jerome said a year ago people would lose their jobs in the effort to get to 2%. He made good on his promise.
@Yui789esss
3 ай бұрын
There was also no recession from Covid, it’s about to be 5 years now since all those stimulus checks …. Soft landing and recession was avoided
@sheabilladeau1392
3 ай бұрын
He also said young people need a housing "reset". It will happen.
@TheSid2355
3 ай бұрын
True. He did say there will be a lot of “pain”. He also sort of hesitated when he said it.
@SensSword
3 ай бұрын
Threat, not promise.
@JasonFox-k2i
3 ай бұрын
That's a strong economy you losing your job!
@joe7665
3 ай бұрын
The company my lady is working at started layoffs yesterday .... Everyone is scared
@Howardlifts
2 ай бұрын
You should lay the owner off...
@lassyunderwood5987
3 ай бұрын
GREAT video! You are the best RE analyst ever. I was a RE broker in Cali during the 1991-1994 crash and a licensed banker at Chase and Wells Fargo in Texas from 2007-2015 crash. Right on !
@mikeshafer
3 ай бұрын
So true. The mortgage rates don’t bother me, the overly inflated prices do. And so many people refuse to sell without capturing a huge profit. Good luck.
@ScottsGuitar
3 ай бұрын
Their will is being broken as we speak. Most sellers can’t afford to sit on a listing indefinitely to fulfill some price fantasy. Another 6 months and the reality will have set in for most of them. Price corrections are already occurring in many markets. The Fed just needs to stay the course
@jasonhbush
3 ай бұрын
Florida is no surprise. I lived there from 03-09. Jobs don’t pay and still don’t. Influx of new people just drove up the cost of living.
@papapickett7267
3 ай бұрын
And they raised minimum wage so now all the people are poor so everyone can bid against the local burger king worker to buy a house. A BK worker who will bid up the price of a house with no idea or concern for how much it will actually cost
@ANonymous-gw2cs
3 ай бұрын
@@papapickett7267 making $15 an hour isn't going to put any fast food worker in the position to be in a bidding war when a starter house costs $400,000k. Please say things that make sense instead of hyperbolic bullshit.
@MasterOssy
3 ай бұрын
@@papapickett7267perhaps don’t print money to give poor ppl free money, welfare, shutting down the country for a year, bring in millions of illegals, print money on multiple wars that failed. The fed only option is to let ppl suffer and raise interest rates.
@lefthanded5473
3 ай бұрын
@@ANonymous-gw2cs “Think of how stupid the average person is and realize half of them are stupider than that.” George Carlin
@brianmatthews4149
3 ай бұрын
Right to work state like AZ. These states always take the worst hair cut in down turns.
@Scotpatriot
3 ай бұрын
The fed is caught between a rock and a hard place. This is going to be Epic
@tracybondelier2672
3 ай бұрын
Fed painted itself into a corner!
@wintersoon
3 ай бұрын
@@tracybondelier2672Printed
@Acemanveryspecial
3 ай бұрын
Good grief, the longer they delay this much needed economic collapse, the worse it's going to be. So many zombie businesses need to fail. Glad I was able to get a little bit of silver. Gold is too expensive for me to get in to 😢.
@nitroneonicman
3 ай бұрын
Not the fed, the fed knew what would happen and knows what is going to happen. At this point all they are doing is keeping people from panicking.
@eugenefirebird8938
3 ай бұрын
The Fed put themselves into that place by inflating asset prices to many times real value.
@Steven_Will
3 ай бұрын
Why have we normalized them lying to us about the numbers?
@gregorysagegreene
3 ай бұрын
Hey, you're the ones who sit in front of their tv every day.
@Steven_Will
3 ай бұрын
@@gregorysagegreene I don't watch any of it. It's mostly lies and deception.
@disguysn
3 ай бұрын
Because it's been going on for so long that most people think it's normal.
@EvilMonkey7818
3 ай бұрын
Half the population at any given time pushes the lies for political partisan reasons.
@bpb5541
3 ай бұрын
I haven't .. i am shorting into this blow off top.
@Rustic1990
3 ай бұрын
Maybe I'm naive, but 2 rate cuts aren't going to change 99.99999% of potential homebuyer's minds. It's all about the price tag
@SomeUserNameBlahBlah
3 ай бұрын
People look at the monthly payment. If a 2% reduction in mortgage rates means $200 less a month and can fit within the buyers budget...they'll buy.
@edriclamarkirkman
3 ай бұрын
i'll take a lower price tag over lower interest rates anyday..... i'll take 13% or 14% if the house price is $50K -$80K like back in the 80s & 90s
@ruffleschips9055
3 ай бұрын
Due to high inflation, people will feel like they are in a depression, whether employed or unemployed
@dedriannehartgers629
3 ай бұрын
Agree completely
@cultleader3572
3 ай бұрын
Now I've been stacking gold for years I'll be fine
@MCthespeaker
3 ай бұрын
@cultleader3572 some people are going to get rich during inflation. Diversify gold is going to 4.8k an oz
@cultleader3572
3 ай бұрын
@@MCthespeaker u won't get rich it keeps with inflation . Everyone else just gets much much poorer.
@MCthespeaker
3 ай бұрын
@cultleader3572 some people will hyperinflation isn't going anywhere. The government will continue to print money. What people do in next 5 yrs is important
@MoonriseJT-Official
3 ай бұрын
I noticed that many companies are posting ghost job postings! I keep seeing the number of applicants, and then the companies repost the same job position and start again. I hope they can make these illegal postings stop because they are wasting applicants' time!
@AlphaJ369
3 ай бұрын
They do it to fool investors into thinking the company is growing. They've been doing it for a long time and yes, it should be illegal.
@EvilMonkey7818
3 ай бұрын
You have a point. Companies want to assure investors and current employees in the short term that things are ok with ghost job postings. But they're letting former positions sit empty.
@queso1804
3 ай бұрын
have an uncle who works for a subsidiary of coca cola.. i had interest in the job so i applied well over a month ago, heard nothing back. attempted to get in contact with recruiting multiple times and they wouldn’t even pick up the phone! i’d get placed on hold until i get hung up on every single time. while searching for other jobs i’ve noticed this job listing is posted almost weekly since then.. had never heard of the ghost listings until now, makes sense
@BayouRepairGuy
3 ай бұрын
This is what I laugh at, even if they cut rates, rates wont go down because nobody will buy our debts at lower rates
@jonathantaylor6926
3 ай бұрын
Exactly. The FED will have to go insane with QE again to drive bond yields down.. but if there is 4% inflation and the 10 year is paying 1.5% who buys that guaranteed loss? Only the FED and their money printer. So the FED can successfully drive down yields if they want but the unavoidable consequences is inflation. Not only will FED printing cause inflation but a broken bond market means all those billions of investment dollars find alternatives.
@crowbird213
3 ай бұрын
We'll have 4% 10year with flat inflation. It'll get ugly.
@Ayo-hf9xd
3 ай бұрын
@@crowbird213 I'm worried the stock market will "melt up" because I've been selling into cash/5% money market in prep for a crash downwards
@acmaysnetworker
3 ай бұрын
correct, we are done and I have to blame the voters and the NON voters, we vote horribly, short term mindset and greed, what about me verses what about the long term health of the country, they have been screwing us and giving us candy for 40 years, they are out of candy!!! this one is going to hurt bad like a rotten tootth
@crowbird213
3 ай бұрын
@@Ayo-hf9xd with real rates even higher, stocks will not be appealing.
@pwu8194
3 ай бұрын
It's like taking cold medicine before getting a cold. That's why USA has a run away inflation. This inflation is worse than any I have seen in the past 42 years. A 20 lbs bag of Rico Rice was selling for $10.88 in 2022, $12.98 in 2023, is now selling for $18.32. Your $10 an hour wage hasn't risen to $18 an hour. It's still at $10 an hour, but your food has risen 60% in 2 years.
@nitroneonicman
3 ай бұрын
Yep, it's the biggest wage compression in history.
@Ziegfried82
3 ай бұрын
Yep the people saying the 1970s were harder aren't paying attention. Wages were a lot stronger in the 70s.
@EvilMonkey7818
3 ай бұрын
I laugh at govt stats saying food has only risen 30% in the last 3-4 years. Data manipulation at its finest. Steak is 100% higher, snacks for my kids' lunches have risen more than that. What hasn't risen much? Booze. Oh great. I expect alcoholism will jump in the next couple of years, and deaths of despair will go back to pandemic era levels.
@driiifter
2 ай бұрын
@@EvilMonkey7818 Its cheaper to just drink IPA than it is soda or juice or anything else. Reminds me of the medieval ages.
@CZebelle
3 ай бұрын
Thank you so much for keeping us posted!
@khanfauji7
3 ай бұрын
Unemployment may be worse that we think this time as a lot of companies today hire contractors which can be fired without any notice or reporting. All the H1 people out there could be having to leave the country and no one is reporting on that
@gregorysagegreene
3 ай бұрын
I don't have a problem with the latter.
@lionesse110
3 ай бұрын
Most states have employment at will laws so it’s across the board. There’s no job security for anyone.
@joe7665
3 ай бұрын
facts
@bpb5541
3 ай бұрын
Numbers have been cooked for at least 18 months.
@LIVdaBrand
3 ай бұрын
Oh they already kicked out hundreds of thousands of indians like a year ago from tech. Did we forget that already?
@Ironmom-momsolo
3 ай бұрын
We owe most of the 34 trillion TO THE FED, people need to do their research on the federal reserve and how it came to be. The fed is NOT a part of the government, it’s a private bank. Our government doesn’t print money, the fed is in charge of that too and then loans it to the government with interest. That interest makes up the majority of our debt. Please wake up America, look it up!
@skip1978
3 ай бұрын
who is behind the FED? and the central banks all over the world? The same people who run the media, Hollywood and the music industry.
@AlphaJ369
3 ай бұрын
Yep, we should just not pay it. Cut it out of the debt and get rid of it if we can.
@sailingaeolus
3 ай бұрын
Woodrow Wilson: “Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.”
@rphrules1
3 ай бұрын
Yeah but our government asks for that money from the Feds to spend on everything and anyone but its own citizens
@threadtapwhisperer5136
3 ай бұрын
You are right. I have seen a few videos explaining the fed and it's unscrupulous methods.
@tonysilke
3 ай бұрын
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
@Nernst96
3 ай бұрын
Diversify your holdings across several asset types to reduce risk rather than putting all of your eggs in one basket. If you don't know a lot about finances, speak with a financial expert.
@PatrickLloyd-
3 ай бұрын
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
@PhilipDunk
3 ай бұрын
pls how can I reach this expert, I need someone to help me manage my portfolio
@PatrickLloyd-
3 ай бұрын
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@PhilipDunk
3 ай бұрын
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@truthmatters7805
3 ай бұрын
Been in a recession!! Millions asleep!
@cynthiawylie3584
3 ай бұрын
Most Americans are clueless and that’s why they in debt up to their eyeballs. The coming train wreck will make the Great Depression look like a speed bump. When that much stupid hits reality head on it will be absolute madness.
@TravelTechie415
3 ай бұрын
we've been in a recession since 2018'
@budalanemac3115
3 ай бұрын
Yes, first was printing and lowering,than printing moooore, now is overcorrecting and ship is going down...
@threadtapwhisperer5136
3 ай бұрын
Thats what Ive been screaming! I believe the covid bullshit was really to disquise how fucked everything is/was/will continue to be.
@fidesign5924
3 ай бұрын
They have been ignoring the signs. I am middle income and have been insulating my self for years. We will go into a depression this year. People are about to get hurt.
@driz77
3 ай бұрын
Unemployment is the #1 indicator of downward housing prices.
@thejuicerr
3 ай бұрын
Unemployment is still near historic lows.
@driz77
3 ай бұрын
@@thejuicerr which is why the Schiller Curve is still going up !!
@censoredeveryday3320
3 ай бұрын
And you think the official unemployment number is anywhere near accurate? It's a manipulated statistic. Watch my comment get auto deleted by youtube
@shawnPATSFAN
3 ай бұрын
Not anymore .... Most homes are bought by investors now
@driz77
3 ай бұрын
@@shawnPATSFAN About 1/3 of homes are purchased by investors
@magicparkmemories
3 ай бұрын
I am in Florida and lost my job 9 months ago and struggling financially.
@christaylor8337
3 ай бұрын
We in a recession here. We will come out of it first, too.
@gregorysagegreene
3 ай бұрын
My advice is anywhere you can find a high field, not far from a walmart.
@michaelbrower5042
3 ай бұрын
Prayers for you my friend.
@magicparkmemories
3 ай бұрын
@@michaelbrower5042 thank you so much. I appreciate it . I feel as though I do not count on life. I appreciate the prayers
@survivor9898
3 ай бұрын
Nick, You're Awsome as Always!!! Thanks for the verification of what I have thought all along...
@harrymaciolek9629
3 ай бұрын
Don’t expect truth in an election year, from an Administration that’s losing.
@Dorian_Gray83
3 ай бұрын
BribeEm already said the “Economy is strong as hell”….
@Kiddro22
3 ай бұрын
This is a FACT!
@6ChickenNugget9
3 ай бұрын
Like you could expect truth from the other administration.. lol
@jameslinmd
3 ай бұрын
@@6ChickenNugget9at least people aren't nearly suffering as much as this one. Lol.
@d_all_in
3 ай бұрын
@@6ChickenNugget9 the other administration didn't have anything to lie about in regards to the economy in the first place
@lomein30
3 ай бұрын
That's on top of most new jobs being part time and/or min wage.
@stown308
3 ай бұрын
Or internal jobs that should be illegal to post publicly!!!
@EvilMonkey7818
3 ай бұрын
@@stown308 It's always been a shady practice, but you can't regulate that. Companies can always say they posted publicly to keep their options open and you can't prove them wrong.
@survivor9898
3 ай бұрын
Yeah and adding 13 million more people in the US isn't going to help the situation
@FadeHook23
3 ай бұрын
Idk if that has any ties to inflation. The labor market in skilled and unskilled labor is still not seen much difference in increased wages. Unless you want to work at FamilyDollar for $7.25/hr and live in perpetual poverty/debt, then yeah, the migrants are taking our jobs.
@Pepperboy555
3 ай бұрын
Dishwasher, housekeepers and farm workers better watch out!😂🙄😂
@d_all_in
3 ай бұрын
@@FadeHook23Migrants take more than minimum wage jobs. The fact that you think that is just racist as hell. The reason the border is open is to make as many people as poor and dependent on government as possible.
@adamsneidelmann8976
3 ай бұрын
It’s an easy fix. Just push legislation that gives a path to citizenship by becoming a non union teacher or non union govt employee. Think of the savings! And they wouldn’t want to become a bigot and oppose the ending of this shameful oppression 😂.
@adamsneidelmann8976
3 ай бұрын
@@FadeHook23respectfully, this has been going on since Reagan. Meat packing, roofing, siding, framing, dry walling, ag workers, landscaping…
@jgg204
3 ай бұрын
Why is anyone surprised? Jerome said unemployment needs to go up in order for there to be a rate cut
@kiyoshitakeda452
3 ай бұрын
I like your on the road vlogs. The office videos are just as good and maybe in some ways better because we can focus quickly on your points. Data/charts helps a lot to focus. Good report and analysis. Thanks.
@user-fn4ei3dt2p
3 ай бұрын
Where i live, we went from 50 or so listings for homes to over 300 overnight. My realtor told me that a ton of people have run out of all options and are going to be forced to sell at a loss....
@eddiemalvin
3 ай бұрын
What loss? The average length of home ownership is 8 years. Only 15-20% of homeowners have lived in their home less than 5 years. Everyone else is sitting on huge amounts of equity. Sure, they may not get the peak price, but they're not selling at a loss.
@mstrmd1
3 ай бұрын
Nick, Great to have you settled & doing a video. Great solid data!!! 🇺🇸🇺🇸🇺🇸
@donaldradosevich9579
3 ай бұрын
I think your on it Nick! Thanks for update!
@charlierodriguez8489
3 ай бұрын
I hope they don't cut rates, cheap money literally got us here. Maybe banks and corporations should cut back on starbucks and avocado toast.
@joelballard4955
3 ай бұрын
It’s depressing the fed hasn’t raised the FOMC rate to 6-7% and crushed inflation. We need massive unemployment, bankruptcies, foreclosures, extreme hardships to get rid of inflation and get the country back in a better spot.
@gregorysagegreene
3 ай бұрын
Never wish for what you will get anyway.
@jimgoodreau1245
3 ай бұрын
I like it better now! Inflation is just the cost of doing business!
@Caulstan0878
3 ай бұрын
@@jimgoodreau1245derp
@HughJass-jv2lt
3 ай бұрын
You first 😂😂
@joelballard4955
3 ай бұрын
@@jimgoodreau1245 are you in sales?
@orvinstrickler2130
3 ай бұрын
Dont you mean that a Depression is coming? We have been in a recession for two years.
@gregorysagegreene
3 ай бұрын
The names will only stick, once *they* admit it.
@flyski7473
3 ай бұрын
This!
@matthewbrandley9027
3 ай бұрын
Zero job growth in ft jobs. Millions of pt jobs created. Zero jobs to natural born Americans. Real unemployment number is around 20 pct. We have been in a depression since 2019
@Pepperboy555
3 ай бұрын
@@matthewbrandley9027 😂😂🙄😂😂
@matthewbrandley9027
3 ай бұрын
@@Pepperboy555 prove me wrong
@Pepperboy555
3 ай бұрын
@@matthewbrandley9027 move to Arizona, lowest unemployment rate in decades with rising wages. Just because you lack skills, education and or training don’t be blaming anyone else. Unless you’re a dishwasher, housekeeper or day laborer, in that case you’re absolutely correct.
@matthewbrandley9027
3 ай бұрын
@Pepperboy555 only fools believe the unemployment numbers which are rising and are actually around 20 pct
@Singlesix6
3 ай бұрын
Unemployment figures are based on people who are actively looking for work. If you count the millions who have given up and quit looking, the number is huge. Many points higher than what they report.
@amunderdog
3 ай бұрын
Unemployment figures are based on people currently receiving unemployment check. That's the way i understood
@heathernevill2405
3 ай бұрын
@@amunderdog and depending on the state, they only receive it until the $ runs out. Then they drop off the count even if they're still looking for work. Also those who do not qualify for unemployment benefits aren't counted either.
@Singlesix6
3 ай бұрын
@@amunderdog "The U.S. Bureau of Labor Statistics uses the Current Population Survey to estimate the unemployment rate. The unemployment rate takes into consideration only those in the labor force; those working or those not working but actively looking for a job. Many critics believe this underestimates the true unemployment rate. The Bureau of Labor Statistics has six different unemployment rates to take into consideration the varying degrees of unemployment."
@driiifter
2 ай бұрын
Unemployment is way higher than whatever they're trying to make it out to be. Not to mention these little gig work delivery jobs aren't employment lol.
@Youcomeasuare
3 ай бұрын
This is what I've noticed through the last few years. People over paid for housing (Date the rate but marry the house) Problem, Your house won't be worth what you owe on it so no refinancing it. Americans credit card debt is the highest its ever been. This leads to lower credit scores and inability to refinance if you wanted to. Last it's hard to refinance or purchase on part time employment, which seems to be apparent when over 600K full times jobs have been lost and maybe half of that has been replaced by part time work, then take 60% of that and its government jobs. The free market is crumbling, and its worse than I've seen sense the 70's and yes I was employed back then. All of these "recessions" fall on the shoulders of either the fed or the government spending/ policies. So explain to me how "team" politics worked out? We have a government who wizzes all over the constitution as well as the judicial department. Criminals are victims and victims are now criminals for defending themselves or their property. Welcome to the new America folks.
@rogerbec5766
3 ай бұрын
The gov should have never meddled with the interest rates. They say a fever is good for the body in order for it to recover on its own and same goes for this economy. If you artificially lower the interest rates, why not just print another 10 trillion dollars and distribute the cash with military helicopters while you're at it.
@NONEOFYOURBIZ69
3 ай бұрын
What makes you think anything is real????? Artificially??? It is all artificial!!
@Ayo-hf9xd
3 ай бұрын
the public would still somehow blame "supply chains and corporate greed" for the rising prices
@ScottsGuitar
3 ай бұрын
@@Ayo-hf9xdI mean that’s still present. They just don’t know how to differentiate in the era of misinformation
@montiesz
3 ай бұрын
This is one of the best videos I’ve seen on KZitem in a long while. Great job, love how you tie together all these concepts cohesively
@shawnPATSFAN
3 ай бұрын
You can not rely on this administrations numbers on ANYTHING ....
@akapein717
3 ай бұрын
I was on a 6month contract for mckesson. Worked there 1yr9m and was just fired for getting sick and missing 3 days (contracts don't get sick hrs) Instantly approved for unemployment and I've been on it since... Been a lil over 2 months. Luckily I was saving the whole 1yr 9m so I had over half a yr in rent. Still have some and my investments. It's running out though
@gregorysagegreene
3 ай бұрын
Garden Variety Recessions, lasting only 6 months, have been a myth since the 90's. Cut costs, get some form of interim income.
@Blake-c6v
3 ай бұрын
Construction industry has taken a beating last 2 months
@datruth4766
3 ай бұрын
I wouldn't say we've been waiting for it. We've been expecting it.
@erikbusenbark4865
3 ай бұрын
The FED is already WAY LATE. But they want a crash, so not really.
@bpb5541
3 ай бұрын
Agree but Powell does not want what happened in the 70s when they cut too soon and then inflation raged and they had to be even more aggressive which mad the recession much worse than it should have been. And I also think the FED is always late.. both in raising and cutting. What we really need is no FED at all just let free markets figure out what true price is. But there is no easy money for the rich in that.
@mikejones3155
3 ай бұрын
Great video.. keep us posted with unemployment and housing prices..
@faerydae29
3 ай бұрын
I wish the FED would increase rates to 18% to make this crash happen faster, we desperately need it. Decreasing it would be catastrophic, nothing is affordable, it’s just the rich getting richer.
@SSHitMan
3 ай бұрын
The rich getting richer is Bidenomics in a nutshell.
@faerydae29
3 ай бұрын
@@SSHitMan No it’s not!!!! It would be even worse under trump! The guy that removed restrictions for investor to take over the housing market and he’s the one that gives massive tax cuts to corporations. I will never vote for Trump! 👎
@SomeUserNameBlahBlah
3 ай бұрын
@@SSHitMan The rich always get richer, regardless of president.
@SSHitMan
3 ай бұрын
@@SomeUserNameBlahBlah Biden's policies are disastrous for the working and middle class and great for the wealthy. Real wages have gone down under Biden even as the cost of food and housing has gone up.
@ANonymous-gw2cs
3 ай бұрын
@@SSHitMan no, it's capitalism in a nutshell.
@lilianareyes9594
2 ай бұрын
Politicians are out of touch. I am unemployed and the way the job market has treated me is ridiculous. I'm done trying. I am college educated, I have a certification, I have years of experience and I'm no longer interested in looking. I worked my entire adult life for this ? Trash.
@Joshuatree7746
3 ай бұрын
I am feeling the stress.
@bpb5541
3 ай бұрын
Really? We haven't even started. If folks think this is bad they have no idea what is coming next. It is going to be so bad it will take people's breath away..
@brinklebros7136
2 ай бұрын
Thanks jobama
@joycebarnett6035
3 ай бұрын
Food prices are sucking everyone dry.
@thethoughtfulpeanut6662
2 ай бұрын
Most of the "food" people are buying isn't real food. They could save their money and their health by limiting what they put in their shopping carts to unprocessed products and cooking for themselves from basic, whole food ingredients. (Time versus money and health.)
@andrewmitchell7592
3 ай бұрын
Seriously, very important information! Thank you.
@mikejones-777
3 ай бұрын
I trust Nick before I trust the mainstream news 🙏🏼
@Goldberry69
3 ай бұрын
Lol why would you trust some youtuber who obviously has his own narrative to sell you
@Dusty42096
3 ай бұрын
I trust Juicie Smoolet as much as the main stream media.
@mikejones-777
3 ай бұрын
@@Goldberry69You don't think there mainstream media has their own narrative? They have their pockets lined from corporations for years. I would rather trust a more "boots on the ground" KZitemr that travels the country, talks to locals, and analyzes data.
@Goldberry69
3 ай бұрын
@@mikejones-777 i never said they didn’t have their own agenda. But clearly this youtuber does as well. You’re incredibly naive if you think otherwise
@mikejones-777
3 ай бұрын
@@Goldberry69All I'm saying is that we live in a time of misinformation so I'd rather trust someone who isn't influenced directly by corporations. Since you have to trust information coming from somewhere, I'd rather trust him.
@thesandieheateammorerealto5603
3 ай бұрын
I am a 37 year veteran in the real estate industry in St Louis MO. Your videos are so important to our industry and arming REALTORS with knowledge that is so difficult to find and compile let alone pull it all together as you do. You were laser focused on this video, took time to explain it thoroughly and repeat key points. Well done.
@DeannaPeters-lz8we
3 ай бұрын
Fed drops rates, we will see a massive depression. Inflation will skyrocket. Lets hope for a good news , how can one diversify $80k portfolio in this current state of the market
@jamesfriedrich1150
3 ай бұрын
The Fed is already lowering the rates by buying all the debt in the market. so i suggest you get a financial expert for your portflio in this state of time , for a successful trading .
@VanPelt54u7fcyde57
3 ай бұрын
Agreed, I’ve been investing in the market for 11 years now, last 4 years with the help of a fiduciary advisor apparently due to the covid-19 pandemic crash. Throughout these years of guidance, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1m ROI as of today.
@DeannaPeters-lz8we
3 ай бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help
@VanPelt54u7fcyde57
3 ай бұрын
Melissa Marie Colby 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
@DeannaPeters-lz8we
3 ай бұрын
I just looked up your coach and she seems very rich. Need to change the trajectory of my finances, will definitely work with her
@samyoon7796
3 ай бұрын
That was an amazing commentary on the economy, real estate and stock market and Fed actions. You were able to tie in all of those pillars in a way that other finance gurus can’t . Keep on the good work!
@MB031
3 ай бұрын
The FED should keep rising rates not cutting !!! That's the only way how to cut the fucking greed !
@nicholas19karr
3 ай бұрын
I’m sorry, but you’re not the brightest
@thetabest
3 ай бұрын
You have it backwards, currently only the wealthy and well off can get a loan... the rich are the very embodiment of greed, they make record profits while paying out next to nothing in wages. I'm all for down with the rich, in the past we were told to eat cake when the wealthy had ruined the people's economy and having lavish parties while we starved... we know how that went, and yet they tell us in this age to go eat cereal... I've got my pitchfork ready, just need more to join my "crazy"
@TriscoG
3 ай бұрын
@nicholas19karif they cut rates well get inflation surging and still no growth, it's fucked either way
@jonb9194
3 ай бұрын
The higher rates are making the rich richer from bond interest income, and they typically spend it since they're already rich. Inflation is killing the poor and anyone who doesn't have investment assets. The investor class + non-investor class willing to go into debt are keeping the economy going, but it won't last forever.
@gregorysagegreene
3 ай бұрын
Oh but if the money-changers would just cut themselves.
@mattanderson6672
3 ай бұрын
Thanks Nick
@oliviaedgington1388
3 ай бұрын
Unemployment is the main reason for the downward trend in the housing sector. Precise information!! ❤ . From $10K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
@jeaninezermeno956
3 ай бұрын
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises.
@TPayne-fm8ie
3 ай бұрын
Great Video, Nick. The charts said it all.
@spd2345
3 ай бұрын
VA I have worked at for 10 years has been on a "hiring freeze" since beginning of 2024. Nobody is getting hired unless absolutely necessary. People in general don't ask questions as to what is driving this freeze. Very similar to the covid stuff
@joannenixon9143
3 ай бұрын
Yes seeing it everywhere layoffs.
@kayamann321
3 ай бұрын
The Fed always does too little too late…
@lwc1983
3 ай бұрын
Thank you, Nick, for all of your thoughtful commentary and the data behind your thought process--you provide a great service!
@stephaniefreeman3914
3 ай бұрын
How can rates be cut during inflation?
@Energyfl00d
3 ай бұрын
When you’re trying to create massive inflation beyond the massive inflation that you created in the first place.
@jillklann4516
3 ай бұрын
Definitely haven’t seen any Help Wanted signs around here like there was last year.
@lerar28
3 ай бұрын
Sahm Rule and Hindenburg Omen also triggering. Adding this 14% YoY unemployment is another tick in the danger column. Considering the yield curve inversion too I think we may be in for a helluva ride.
@Patching4Health
3 ай бұрын
Nick...as usual another typical well-produced video. Thanks.
@jerrycampbell-ut9yf
Ай бұрын
The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
@larrypaul-cw9nk
Ай бұрын
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
@Peterl4290
Ай бұрын
True, I always emphasize the significance of having an advisor. This has kept me afloat since the covid-19 outbreak and as of today, I'm just about 10% shy of my first million dollar after subsequent investments.
@sabastinenoah
Ай бұрын
nice one! who is the professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
@Peterl4290
Ай бұрын
Annette Christine Conte is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@sabastinenoah
Ай бұрын
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@philadelphian
21 сағат бұрын
We had a huge backlog of goods because of Covid. Factories and importers and retail went crazy trying to refill that bucket. Now we seem to have filled the bucket and it’s time to level off.
@diesel104
3 ай бұрын
Fed drops rates, we will see a massive depression. Inflation will skyrocket.
@pat1403
3 ай бұрын
Yup! Today's situation is the PERFECT example of stuck between a rock and a hard place.
@jameslinmd
3 ай бұрын
Exactly. That's what will happen when the economy is not organically better.
@keremcagintv
3 ай бұрын
When you drop rates, you will end up being able to have inflation skyrocket
@jonathantaylor6926
3 ай бұрын
And if inflation skyrockets so will bond yields.. which will make banks holding 0.5% bond garbage insolvent.
@keremcagintv
3 ай бұрын
@@jonathantaylor6926 I regret not putting money in the markets in 2022
@janetobrien6455
3 ай бұрын
Like listening to tour channel. I think your accurate and talk in an understanding way. You've slowed your speach down. Thank you for your information and all efforts to help us see the light/dark of the market.
@ffelix0616
3 ай бұрын
Low rates are never the answer, low prices are. Production has to rise to meet inflation.
@florianewu7256
3 ай бұрын
Appreciate you researching the historical recession data. 📊 Very helpful! Ty!
@texasyankee20066
3 ай бұрын
Fed cant' cut rates. Inflation is sticky. I'm afraid I have to disagree with you here pal. Your real estate insights are good, but Fed strategy is purposely causing unemeployment. It's the desired outcome of their policies. No cuts this year. The betting market bet on 7 cuts this year. They were pretty wrong. Inflation is off the rails. A rate cut exacerbates that problem. They CAN'T cut.
@abigailbrown2147
3 ай бұрын
I don’t get it - here in Montana, business have signs that say “walk-in interviews welcomed!” Every place is SO desperate for workers.
@MrShowoff27
3 ай бұрын
Big companies can make as much as they want. Crazy that it never trickles down to us.
@Ravi-rl8tt
3 ай бұрын
Where were you during 2022 when companies were making record profits and we were all making record wages?
@MrShowoff27
3 ай бұрын
@@Ravi-rl8tt wages haven't even kept up with inflation. Even if the dollar amount is more the power of that dollar is less.
@Ravi-rl8tt
3 ай бұрын
@@MrShowoff27 Mine easily have superseded way past inflation. Quit flipping burgers and get a real job lmao.
@MrShowoff27
3 ай бұрын
@@Ravi-rl8tt You liked your own comment pretty fast. Oh, so trickle down economics just worked for you in 2022. How scientific! You really show an understanding of large scale statistics vs your own anecdotal information. I'm not sure you could handle having a job when you display your lack of understanding of simple concepts.
@Ravi-rl8tt
3 ай бұрын
@@MrShowoff27 Quit using the singular form when I was overemployed with six jobs in 2023 at the peak🤣🤣👌🏾.
@caitlanpaul2502
3 ай бұрын
Great video thanks for the update. Appreciate your work!! So important
@drfus1166
3 ай бұрын
If housing demand is at such low levels, then why are house prices still record high and not falling?
@gregorysagegreene
3 ай бұрын
Because the Casino is into all hard assets.
@davidwilliams4498
3 ай бұрын
Demand is low because they can't afford the house
@EvilMonkey7818
3 ай бұрын
The high end of the market is still doing pretty decent. Also, Boomers who bought long ago when homes were dirt cheap compared to now have been selling for massive profits post-2020. They've been a record share of home purchases for a few years now. BRB buy a home for $125K back in the 1990s, sell it for $650K in 2022, put down 50-100% on a new build. So many of my parents' friends have done exactly that, and the data backs it up. For buyers in 5-15 years there will be a lot of supply available from Boomers leaving existence.
@bpb5541
3 ай бұрын
Be patient all these rich boomers that bough second and third houes or rentals and companies that did the same are about to get their faces ripped off.
@VittoShulman
3 ай бұрын
It is called - Stagflation. Prices keep going up while demand keeps falling at the same time.
@PsychicZya
3 ай бұрын
great video great reporting fantastic analysis as always-- I love the doors behind you they bring out your eyes - thanks for all that you do
@patricia7792
3 ай бұрын
Precise information.
@sherryramey1519
2 ай бұрын
Illinois as well is struggling.
@paulleslie5270
3 ай бұрын
They are going to cut rates for reasons you explained as well as allowing people to refinance their mortgages to stop the foreclosures that are being faced. So watch the inflation numbers after this happens.
@EvilMonkey7818
3 ай бұрын
True. The govt will come up with programs to keep foreclosures at bay. More govt debt, harming Millennials and younger. But bonds will be juicy.
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