Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target I use an FA who recommends a Ratio like this Debt % should be equal to your age in years
i feel i've downplayed the role of Wealth Managers .Think you could suggest any pros i can get on the phone with? I'm in dire need of proper portfolio allocation.
These numbers are all false.... we in france have no idea were 100 billion euros went to, they just dissappeared like that !!! And our minister of finance said "gee wiz i don't understand "
The profit margins of big corporations in the UK are ok, at least according to the ONS. That is why the Bank of England feels no urgency to cut. They are happy for small businesses to go bust and for workers' wages to go down, to the benefit of big business. GDP growth and the unemployment rate is of secondary concern to corporate profit.
@@markarpino824The day before 911 Rumsfeld said by they could not track where 2.3 trillion dollars was going. That is not to say all of that was lost .... BUT I am sure billions were never accounted for. Crazy world we live in.
@@squashua16consumer= low interest rates encourage economic activity through “cheaper debt”, investor= encourage economic activity through “cheaper debt” it’s literally the same, it’s the person it is effecting that (most times subconsciously) changes the value. A person is more likely to buy a car at 10% than they are at 12%, and on the flip the sellers want that 2% reduction so long as it provides a time boost (a car getting off the lot 1 week early saves an average of $247 and increases the earlier buyers buy and sellers sell
Of course they are not... if interest rates go up.... it will help to bring the price of goods and services down. If you are poor you want interest rates to go way up !!!!
@@bpb5541 not always, there’s 2 other variables which need to be accounted for (labor pool/employment rate and household debt ratio) which still, even 1 massive conglomerate could have enough influence to keep prices high if they so choose (we’ve seen this with oil typhoons).
The Fed knows the rising unemployment rate is being caused largely by small business closures. The Fed don't mind this, so long as big business profits and the S&P 500 are OK. The supply of labor is increased through small business closures, and this cheapens labor - this is exactly what the Fed wants. Through the BLS birth-death model, payroll losses from small business closures are not counted (the BLS just assume another business is established for every business that goes bust), so in effect the monthly payroll numbers are measuring the growth in jobs largely from big businesses. The Fed is not there to cater to the needs of small businesses or workers. It is there to maintain the profit margins of big business, so long as big businesses are OK and the S&P500 is ok, the Fed will not do any steep cuts to the Fed funds rate. Ultimately what the Fed is trying to do is to destroy small businesses at a slow rate such that aggregate investment (from big business) is relatively stable, wages are lower, and big business market share & profits are gradually increased.
I work at a spiritual retreat center, where people usually come for annual retreats--many of our guests are cancelling retreats that they have attended every year for many years, citing financial concerns. Very sad.
@@GiacomoRavioli It's not a luxurious place, it is a Tibetan Buddhist meditation center where people have come on retreat for 50 years, the numbers are really low now.
Many places are advertising but don't want to hire. Why pay another person a paycheck and possibly benefits, when you can just make your other employees take on the extra duties. It's all about profits.
@@Wi2LowYour right he’s off by a little. Obviously a business needs to make good profit. An example of the current issues in America is my company. I worked for a company of 50 people owned by 1 guy. It was great. Hard work but everything seemed to make sense and move smoothly. He then sold and merged with 2 other similar company’s. Now this company has a ‘board of investors’ and a ceo. My company is now miserable to work for. All we talk about is ‘growth’ while everyone is miserable at the company. Now everyone is quitting. Investors drive America. But they also crush it. The guy that used to own it was pretty cool with clearing 1 mill a year. Now the company has to grow profits by 10% a year
Why don’t you start your own business and take all of the profits and hand the money to your employees. I think that would be the perfect career for you. Before you open shop make sure you have a yurt and somewhere to put it where rent won’t be an issue.
They actually are CORRECT on the economic side of it aka reality. The "market" is a scam, it is 100% controlled by 0dte index options collusion and retail/hedge funds spamming weekly call options of large cap stocks. There WILL be a major correction....when the "big money" CHOOSES to tank it!
Not everyone who works in the woods is an actual lumberjack but trust me we can find something for you to do. Also very few men left who even want to try.
Jeff and Steve should make a video titled: "We've been wrong about Bonds, Gold, Oil, Inflation, The Market, The Fed, and Everything in Between for More Than Four Years. It's Time We Finally Man Up."
8/5/20 More Proof the Big Banks are Going to Crash the Market. "This, if you think this is a charting pattern that tells you bond prices are going lower, you need to get out your technical analysis books because it's the complete opposite. This is clearly a bottoming pattern...we're within like less than two weeks of this thing breaking out." -SVM TLT closed at $170, it's currently $94.
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?
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.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I expect President Trump will make sure that accurate, honest information is released.The current administration has been cooking the books for the past 4 years!
That’s why I voted for him. Enough with the lies. Even if trump doesn’t want a market crash on his watch, he’s an honest man and would not be okay with cooked numbers. In my opinion.
Yup- just like when Covid hit. “Only fifteen dead- I like the numbers!” Two years later over 1million Americans lost their lives because of the orange guys “accurate “ information.
@@davebrucher5550 Trump? The least honest person on the planet? The least accurate person on the planet is going to change and miraculously make government honest and accurate? Keep dreaming.
Predicting inflation starting to rise again this quarter while leading indicators showing economy slowing (not to mention governm*nt figures pumped up for the election). Global economy very weak which affects US. Fed dropping rates 0.50 shows they're VERY worried about financial downturn/crisis. interest rates coming down are also an indication banks are LESS willing to loan money into existence. The question here is where is the inflation going to come from in the near term? Consumers are mostly tapped out which is 70% of US economy (consumption). Yes inflation very likely to return but not before it continues to come down... Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 3.2 B'tc to a decent 27B'tc in the space of a few months... I'm especially grateful to Jinny Franz, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
Or, unemployment is going up because companies don't need them anymore. It doesn't affect company revenues, it just makes more people unhappy, because if they are trying to find jobs in the same industry, they won't find them because perhaps the industry is automating or whatever. It has nothing to do with Canadian trend. America needs a more active support system to retrain or be able to move people around because we are going to have more of that.
@Mike-es2yg Were in the opening innings. GFC 2.0 inbound. Markets are topping utilities and REITs outperforming most sectors by 15-20%. Emerging markets still suppressed.
I work in the caregiver (for developmentally disabled adults) industry and we are still HIRING! Please contact me or contact local group homes or senior living centers. We have a high turnover rate and would love those who lost their jobs to apply..THANK YOU!!
People try to predict the economy not realising it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Excellent share, thank you! just copied and pasted her full name on my browser, at once came across her site and skimmed through credentials, she looks very distinguished
Eleven thousand people are retiring daily. That represents 330,000 times two or 660,000. This was to be expected with our current demographic pattern. I’m not saying everything is great, but this accounts for the majority of the decline in the participation rate.
You have a lot of people not participating bc of LC too sick to work and not able to go back. It'll be years but it'll come out covid has had a significant effect on the economy.
Ten years ago, a temp agency sent me to a client to sell Mothers' Day flowers online. Joined by a dozen other temp workers we did a great job for two weeks. The client announced on its bulletin board that they had made record Mothers' Day profits. The next day they dismissed all 13 of us. As for me, my agency never called me again.
Trust me there is plenty of jobs out there but the jobs are mostly service and other low paying jobs like 15 an hour. That’s why people are staying on unemployment longer because there’s no jobs paying similar to what they lost. Most of those people could easily walking into chipotle and start service up some burritos bowls but when you were a 150k tech worker that’s a tough pill to swallow
Worse by the week. The disservice these two have done for their viewers over the past few years is contemptible, indefensible, and borderline criminal.
A part of the problem is a mismatch between employees education , and job requirements . We've graduated a generation of HR professionals and tech bros , nary a tradesman to be found .
With how well we handle the homeless as a country /s I see this as an inevitable smash and grab on the working people here. I don’t think it’s a theory, but the hyper-rich are definitely conspiring.
Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days
I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi market and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’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.
Yeah I think the real problem with the economy is young people living at home and not working the jobs they used to. That’s why the economy seems so stagnant to those who live in cities due to high cost of living. At some point they’ll have to get of the house…you’d think….
I talk to contractors in different areas of the country and every single one of them say there is more work than they can handle. On the flip side, homelessness seems to be sky rocketing, a record number of people are living out of their cars and the majority are women and almost everything has gone up in price a lot more than they're reporting. People living in cars seem to be working though. I've been wondering if the homeless once lived in their cars?
What's next? Gold bubble. One bank decides to sell their pandemic gold, and another bank interprets that as selling out so they panic sell their gold starting a cascade. Then individuals buy the dip, but it doesn't recover.
Salaries are to low no point in working. I’ve been with the same company for four years. Started at 21 an hour and now I’m at 30 an hour and each year corporations have raised prices making my 30 an hour feel like I’m back to 21 an hour.
Worked in high tech for decades, my least favorite part of which was being a manager having to choose people to layoff. Almost every year around November, we would start the process. Retired now, but don’t see this as markedly different.
@@jimcahill8143 I heard January/February are the months with the most hiring. This is in line with your comment. Thanks for letting me know. I hope we see a lot of open positions 1st quarter 2025.
Yeah. The depression is here but will be hidden for years as long as the rich and mega corps are making money off their monopolies. The America of 1950 is dead.
You have to dig one layer or two deeper.. Just plugging into Google and taking the first number you see isn't enough. Check out how much they "revise" the last one after no one's looking.
You guys hit the nail on the head. By the end of March 2025, I think we see a 50bps rate cut...likely in the form of two 25bps very close together. Hedge funds and central banks will acknowledge the writing on the wall, send the markets higher into a liquidity trap, then rug pull retail with the mother of all rug pulls. I think a 40% , likely more, pull back in the market is definitely in the cards.
I am an Earthling who lives in America. Our Country just voted our Daddy back home! Trump is gonna make work great again. Daddy is also gonna make unemployment great again too!
2 million on the food lines in Canada right now according to parliamentary meetings that I have watched. Pursuing a large increase in household carbon tax projecting many more being pushed to the food banks in the future. Not a good thing.
Gloom, despair, and agony on me Deep, dark depression, excessive misery If it weren't for bad luck, I'd have no luck at all Gloom, despair, and agony on me!
Government jobs are not real jobs. The deadbeat government employees need to get real jobs in the real economy and stop feeding themselves with stolen money.
Manufacturing started ramping up last month after Trump win. Why? Tariff. Buy low sell high. Unemployment is going to hit hard early next year. Most people are making financial cuts immediately, only what’s truly necessary. 🤔
sign up for the webinar here event.webinarjam.com/register/26/x671piml
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Cutting interest rates is not going to increase anybody's paycheck
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target I use an FA who recommends a Ratio like this Debt % should be equal to your age in years
i feel i've downplayed the role of Wealth Managers .Think you could suggest any pros i can get on the phone with? I'm in dire need of proper portfolio allocation.
please can i get your consultants info? or should i drop mine?
I'm an engineer in the UK. The job market here has been dead for 2 years. This feels way worse than 2007 to me.
Report out today from KPMG suggests the UK job market is deteriorating further...
These numbers are all false.... we in france have no idea were 100 billion euros went to, they just dissappeared like that !!! And our minister of finance said "gee wiz i don't understand "
Well at least we are all in the same boat lol
The profit margins of big corporations in the UK are ok, at least according to the ONS. That is why the Bank of England feels no urgency to cut. They are happy for small businesses to go bust and for workers' wages to go down, to the benefit of big business. GDP growth and the unemployment rate is of secondary concern to corporate profit.
@@markarpino824The day before 911 Rumsfeld said by they could not track where 2.3 trillion dollars was going. That is not to say all of that was lost .... BUT I am sure billions were never accounted for. Crazy world we live in.
Interest rates are irrelevant to people who have no money...
Interest rates are relevant to those with debt, though 🙂
Like those having a part of the $36 Trillion 🙂
Not really. 28% to 24% apr makes little life difference. Intetest rates are for banks and investors to buy cheap money
@@squashua16consumer= low interest rates encourage economic activity through “cheaper debt”, investor= encourage economic activity through “cheaper debt” it’s literally the same, it’s the person it is effecting that (most times subconsciously) changes the value. A person is more likely to buy a car at 10% than they are at 12%, and on the flip the sellers want that 2% reduction so long as it provides a time boost (a car getting off the lot 1 week early saves an average of $247 and increases the earlier buyers buy and sellers sell
Of course they are not... if interest rates go up.... it will help to bring the price of goods and services down. If you are poor you want interest rates to go way up !!!!
@@bpb5541 not always, there’s 2 other variables which need to be accounted for (labor pool/employment rate and household debt ratio) which still, even 1 massive conglomerate could have enough influence to keep prices high if they so choose (we’ve seen this with oil typhoons).
I tried working at Total Wines, but the building was haunted by evil spirits.
😂
I tried to work at a place that made French pancakes. But it kept giving me the crepes
@@yeahyou8416I tried to get a job at KFC but I was too chicken to do the interview. :(
Always thought that job would be kind of like bluebell ice cream here in Texas “drink all you can, sell the rest”
😁
The Fed knows the rising unemployment rate is being caused largely by small business closures. The Fed don't mind this, so long as big business profits and the S&P 500 are OK. The supply of labor is increased through small business closures, and this cheapens labor - this is exactly what the Fed wants. Through the BLS birth-death model, payroll losses from small business closures are not counted (the BLS just assume another business is established for every business that goes bust), so in effect the monthly payroll numbers are measuring the growth in jobs largely from big businesses. The Fed is not there to cater to the needs of small businesses or workers. It is there to maintain the profit margins of big business, so long as big businesses are OK and the S&P500 is ok, the Fed will not do any steep cuts to the Fed funds rate. Ultimately what the Fed is trying to do is to destroy small businesses at a slow rate such that aggregate investment (from big business) is relatively stable, wages are lower, and big business market share & profits are gradually increased.
Facts
I didn’t like my job as a waiter. But at least I was putting food on the table.
Literally.
You should write a book
😂😂😂😂
@@Theonewhowonders92 I like your style.
You definitely could dish it out !
Next, I tried working in a muffler factory but that was exhausting.
I wanted to be a gynecologist. I couldn’t find an opening.
I tried working for a doctor who specialized in circumcisions, but he just wanted me to work for tips.
I work at a spiritual retreat center, where people usually come for annual retreats--many of our guests are cancelling retreats that they have attended every year for many years, citing financial concerns. Very sad.
Sounds like a luxury.
Oh no…
@@GiacomoRavioli It's not a luxurious place, it is a Tibetan Buddhist meditation center where people have come on retreat for 50 years, the numbers are really low now.
I became an archaeologist. Before long, my career was in ruins.
😂😂😂
Good for you.
100,000 of these out of work folks must be comedians, but now they’re hanging around the finance channels on UA-cam lol
I worked in the porn industry , didn't earn much because I had a small part.
😂😂😂
God damn😂
You're a Legend 😂
Haha I get it…
You could have also said,
“They had a small member”
😂😂😂😂😂
Finally, I attempted to be a deli worker, but any way I sliced it, I couldn’t cut the mustard.
Wow you are really funny, man
Many places are advertising but don't want to hire. Why pay another person a paycheck and possibly benefits, when you can just make your other employees take on the extra duties. It's all about profits.
Ahem. If not "all about profits" what, exactly, are you proposing a company should be "about"?
Then quit. Idk why people allow this to happen. I quit when I felt like my job wasn’t worth the pay anymore. Teach them they need you
@@Wi2LowYour right he’s off by a little. Obviously a business needs to make good profit. An example of the current issues in America is my company. I worked for a company of 50 people owned by 1 guy. It was great. Hard work but everything seemed to make sense and move smoothly. He then sold and merged with 2 other similar company’s. Now this company has a ‘board of investors’ and a ceo. My company is now miserable to work for. All we talk about is ‘growth’ while everyone is miserable at the company. Now everyone is quitting. Investors drive America. But they also crush it. The guy that used to own it was pretty cool with clearing 1 mill a year. Now the company has to grow profits by 10% a year
A recruiter shared with me that 5 candidates were presented and the client chose to interview nobody.
Why don’t you start your own business and take all of the profits and hand the money to your employees.
I think that would be the perfect career for you.
Before you open shop make sure you have a yurt and somewhere to put it where rent won’t be an issue.
I tried being a high end shoe salesman, but I wasn't straight laced enough for them. So they gave me the boot!
Your story has touched my sole.
I focused on being a photographer, but nothing ever developed.
I was going to be a Dr but I didn’t have the patients
Keep the target in focus.
🤣🤣🤣🤣
Companies are off shoring jobs. That is why jobs are scarce now.
I feel like this should be illegal
@@djtwister6997 absolutely
The fed are giving companies up to $69 k of tax deductions / per person to hire our new guests.
Uncle Sam is giving up to $69. k of tax deductions/ per person to hire our new guest.
The government is killing businesses let alone unions
Then I tried to be a chef - figured it would add a little spice to my life but I just didn’t have the thyme.
Dad jokes FTW ❤😂😂😂❤
Lol
After that, I wanted to be a barber, but I just couldn’t cut it.
why is it that i check the comments and theyre either people whining or hating on this channel? or this one guy thats drunk spamming dad jokes?
LoL you must be new here. Jeff and Steve are complete failures.
@ that’s what I keep seeeing, I just click for the economic videos
They actually are CORRECT on the economic side of it aka reality. The "market" is a scam, it is 100% controlled by 0dte index options collusion and retail/hedge funds spamming weekly call options of large cap stocks. There WILL be a major correction....when the "big money" CHOOSES to tank it!
His jokes are very funny...better than the actual video.
We will not forget nor forgive
Then I worked in the woods as a lumberjack, but I just couldn’t hack it, so they gave me the ax.
Not everyone who works in the woods is an actual lumberjack but trust me we can find something for you to do. Also very few men left who even want to try.
Don't try teaching until you can spell axe
@@Justin-e4cI wanna be a cutter operator , what kind of operation do you guys have ?
Jeff and Steve should make a video titled: "We've been wrong about Bonds, Gold, Oil, Inflation, The Market, The Fed, and Everything in Between for More Than Four Years. It's Time We Finally Man Up."
I considered telemarketing, but it wasn’t my calling.
You're happy-drunk, aintcha?
😂
After that, I tried to be a tailor, but I just wasn’t suited for it. Mainly because it was a so-so job.
Sew-sew
Thanks guys.
The FED normally starts cutting into a recession
8/5/20 More Proof the Big Banks are Going to Crash the Market. "This, if you think this is a charting pattern that tells you bond prices are going lower, you need to get out your technical analysis books because it's the complete opposite. This is clearly a bottoming pattern...we're within like less than two weeks of this thing breaking out." -SVM
TLT closed at $170, it's currently $94.
False. @6:10 "Well 70% of trade happens between US, Canada, and Mexico..."
In fact, it's less than 30%.
The bottom line is this guy is telling the truth. Forbes had an article saying the same thing
Which guy?
Link ?
LOL Forbes
Top will be in when Steve,Jeff and Ron turn bullish
Are you talking about the markets or the economy? One thrives on liquidity, the other deals with reality.
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?
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.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
I expect President Trump will make sure that accurate, honest information is released.The current administration has been cooking the books for the past 4 years!
That’s why I voted for him. Enough with the lies. Even if trump doesn’t want a market crash on his watch, he’s an honest man and would not be okay with cooked numbers. In my opinion.
Number sets have limits for historical comparisons-it’s not lying.
Yup- just like when Covid hit. “Only fifteen dead- I like the numbers!” Two years later over 1million Americans lost their lives because of the orange guys “accurate “ information.
Lol, hold your breath!
@@davebrucher5550 Trump? The least honest person on the planet? The least accurate person on the planet is going to change and miraculously make government honest and accurate? Keep dreaming.
No worries , everything is going to be just fine . His going to fix it all by himself 👍
Jeff "Me and Steve are Running a Confidence Trick and You are the Mark" Snider. Debunked.
Jeff and Steve should discuss how Steve is under investigation for violating SEC Rule 206 and Rule 204-2(a)(16) of the Adviser’s Act.
Don't forget his multiple lawsuits
Jeff and steve live rent free in your head
@@Vagabor123 Hopefully they'll be living rent free in jail soon. Now...back to your video games lil' buddy.
I searched the SEC site for Van Metre and Atlas Financial and nothing came up. Do you have a link?
I was going to be an accountant but I figured it wouldn't add up.
I’m an accountant and I’m doing fine
Canada just hit 6.8 % unemployment enjoyment ....
Predicting inflation starting to rise again this quarter while leading indicators showing economy slowing (not to mention governm*nt figures pumped up for the election). Global economy very weak which affects US. Fed dropping rates 0.50 shows they're VERY worried about financial downturn/crisis. interest rates coming down are also an indication banks are LESS willing to loan money into existence. The question here is where is the inflation going to come from in the near term? Consumers are mostly tapped out which is 70% of US economy (consumption). Yes inflation very likely to return but not before it continues to come down... Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 3.2 B'tc to a decent 27B'tc in the space of a few months... I'm especially grateful to Jinny Franz, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
this is her official Telegrams….
@JinnyFranz.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate…
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
So many false statements in this video, I don't know where to start. Absolutely pathetic.
Like?
@harrowchains2948 This that and the udda thing
Or, unemployment is going up because companies don't need them anymore. It doesn't affect company revenues, it just makes more people unhappy, because if they are trying to find jobs in the same industry, they won't find them because perhaps the industry is automating or whatever. It has nothing to do with Canadian trend. America needs a more active support system to retrain or be able to move people around because we are going to have more of that.
I was going to be a dentist after Donald Trump said "Drill baby drill".
Prepare, it's going to get worse . Believe it or not...............
Been hearing this for 4 years
MUCH worse
@cultleader3572 and you DONT think things have gotten worse??! Seriously?
@Mike-es2yg Were in the opening innings. GFC 2.0 inbound. Markets are topping utilities and REITs outperforming most sectors by 15-20%. Emerging markets still suppressed.
@Mike-es2yg not really. Ya the inflation sucked. But I been hearing 70% market crash , 15% unapleyment good shit
I work in the caregiver (for developmentally disabled adults) industry and we are still HIRING! Please contact me or contact local group homes or senior living centers. We have a high turnover rate and would love those who lost their jobs to apply..THANK YOU!!
Do you work for the Democrats? They have lots of developmentally disabled adults...in Congress, the White House, etc.
@@genestone4951 Well, I'm from Minnesota ;) As long as the state funds our wages :)
People try to predict the economy not realising it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info, i want to take advantage of this bull season?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Excellent share, thank you! just copied and pasted her full name on my browser, at once came across her site and skimmed through credentials, she looks very distinguished
Been literally saying the same thing here for years. So wrong for so long.
I am hiring. "Recycling" catalytic converters. Business is booming.
Eleven thousand people are retiring daily. That represents 330,000 times two or 660,000. This was to be expected with our current demographic pattern. I’m not saying everything is great, but this accounts for the majority of the decline in the participation rate.
You have a lot of people not participating bc of LC too sick to work and not able to go back. It'll be years but it'll come out covid has had a significant effect on the economy.
Companies arent always replacing the retirees. They end up dividing the work and piling onto other employees. Its bullshit.
Ten years ago, a temp agency sent me to a client to sell Mothers' Day flowers online. Joined by a dozen other temp workers we did a great job for two weeks. The client announced on its bulletin board that they had made record Mothers' Day profits. The next day they dismissed all 13 of us. As for me, my agency never called me again.
In July, the unemployment rate in the U.S. was 4.253%. Now it is 4.246%. That is only a 0.007% difference.
The numbers are always revised and some are also false due to elections and other pushy impacts
Trust me there is plenty of jobs out there but the jobs are mostly service and other low paying jobs like 15 an hour. That’s why people are staying on unemployment longer because there’s no jobs paying similar to what they lost. Most of those people could easily walking into chipotle and start service up some burritos bowls but when you were a 150k tech worker that’s a tough pill to swallow
I remember 15 an hour was top dollar.....
I think a lot of those service jobs are going away now. People are just staying in. People can't afford anything, especially the ones without jobs
Worse by the week. The disservice these two have done for their viewers over the past few years is contemptible, indefensible, and borderline criminal.
I’m not a regular viewer, could you elaborate?
When you give good news it is time to cash in.
No no nonfarm went up from 36k to 227k. Easy mistake to make!
Or reporting real #?
Yes, we can TOTALLY trust govt #'s....
The moment you said Steve I turned you off. I cannot take anyone seriously that has Steve. First & last time listener.
@@pasky7824 Steve is a "good guy"?! Wow.
Just jucing the profits of capitalism. The human impact is not neoliberalism's concern. Support your local oligarch.
A part of the problem is a mismatch between employees education , and job requirements . We've graduated a generation of HR professionals and tech bros , nary a tradesman to be found .
I was going to apply for a job a year ago but then I got high.
afroman
I was a part time prospector but that didn't pan out
I would really like to see , out of those 700k job lost. Who are really unemployed. Lost of people have 2 jobs.
"this has been corroborated by data sources" lol
With how well we handle the homeless as a country /s I see this as an inevitable smash and grab on the working people here. I don’t think it’s a theory, but the hyper-rich are definitely conspiring.
Apparently the slowdown is accelerating.
If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table
Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days
Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks
I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi market and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Who are you working with please?
I've experimented with a few over the past years, but I've stuck with the popularly ‘’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.
I see jobs everywhere, Kohls, McDonald's, Michael's, Menard, they're just not jobs people are willing to take.... wait a couple more months
The trades have jobs
Yeah I think the real problem with the economy is young people living at home and not working the jobs they used to. That’s why the economy seems so stagnant to those who live in cities due to high cost of living. At some point they’ll have to get of the house…you’d think….
I talk to contractors in different areas of the country and every single one of them say there is more work than they can handle. On the flip side, homelessness seems to be sky rocketing, a record number of people are living out of their cars and the majority are women and almost everything has gone up in price a lot more than they're reporting. People living in cars seem to be working though. I've been wondering if the homeless once lived in their cars?
Why are you so doom and gloom ??? FOR clicks on u tube???
In Sweden 8,5% of the work force is now unemployed. So you are in a good state.
thanks guys
Facts!!!!!!
As long as that 700k includes the work from home Fed employees 👍🏻
I once ventured into agriculture and ranching. Had a tiny ranch with 50 head of lettuce. Great for honeymoon salad with no dressing.
700k lost job? Who gives a crap! Just mail my SS check monthly. - 70 And Crabby
They wanna get rid of it
If everyone gets a SS check then no one gets one. Due to the loss of pursuing power.
More people need to wake up to this soon or it's going to be bad
What's next? Gold bubble. One bank decides to sell their pandemic gold, and another bank interprets that as selling out so they panic sell their gold starting a cascade. Then individuals buy the dip, but it doesn't recover.
When will any of it actually matter, feels like it won’t and never will.
What about millions of migrants?
All i needed to see was the largest yield curve uninversion since the 80s
Germany is in a great recession, I have a business and cooperation with 2 companies there. I see it and feel it directly on the requests and orders.
Salaries are to low no point in working. I’ve been with the same company for four years. Started at 21 an hour and now I’m at 30 an hour and each year corporations have raised prices making my 30 an hour feel like I’m back to 21 an hour.
Let me inform you of this, today I went to dollar general to pick up a few items, there was nobody there
I don't think I have ever seen that before 😂
I lost my job at the optometrist. They couldn't see a future with me.
Worked in high tech for decades, my least favorite part of which was being a manager having to choose people to layoff. Almost every year around November, we would start the process. Retired now, but don’t see this as markedly different.
What months would you start hiring more employees? Thxs
@ Each new year would yield a new/updated business plan, which would dictate the hiring plan, but often as early as February/March.
@@jimcahill8143 I heard January/February are the months with the most hiring. This is in line with your comment. Thanks for letting me know. I hope we see a lot of open positions 1st quarter 2025.
“Labor market is strong” lmao
With automation, AI, high inflation, that will continue, etc, how could anyone even think this will stop?
Yeah. The depression is here but will be hidden for years as long as the rich and mega corps are making money off their monopolies. The America of 1950 is dead.
Well I just checked Google and it says that for the month of November there was 227,000 nonfarm payroll INCREASE. What am I missing?
Whats non farm payrolls?
It's an estimate that will be revised down, like most of them this year.
And check out the industries that added jobs. You always have to check under the hood.
....that the govt straight up lies about "data"?
You have to dig one layer or two deeper.. Just plugging into Google and taking the first number you see isn't enough. Check out how much they "revise" the last one after no one's looking.
American statistics is now known as Elmer Fudge, where Fudging is the name of the game.😂😂😂
Every single one of your videos is the same.
You guys hit the nail on the head. By the end of March 2025, I think we see a 50bps rate cut...likely in the form of two 25bps very close together. Hedge funds and central banks will acknowledge the writing on the wall, send the markets higher into a liquidity trap, then rug pull retail with the mother of all rug pulls. I think a 40% , likely more, pull back in the market is definitely in the cards.
I am an Earthling who lives in America. Our Country just voted our Daddy back home! Trump is gonna make work great again. Daddy is also gonna make unemployment great again too!
In my country (Belgium) everybody is working a lot, everybody gots to much work to do. The restaurants are full,... strange?
2 million on the food lines in Canada right now according to parliamentary meetings that I have watched. Pursuing a large increase in household carbon tax projecting many more being pushed to the food banks in the future. Not a good thing.
Gloom, despair, and agony on me
Deep, dark depression, excessive misery
If it weren't for bad luck, I'd have no luck at all
Gloom, despair, and agony on me!
Our politicians in the US should all be laid off. Maybe they can get another job in the economy somewhere.
Imagine what the jobs market is going to look like if Doge can make massive cuts like they need to!
Government jobs are not real jobs. The deadbeat government employees need to get real jobs in the real economy and stop feeding themselves with stolen money.
I tried working at a bakery, but i always forgot to put in the yeast ,the bread fell flat.
I love when both are on the video
I'm confused. The news is reporting 227,000 new jobs. How does this compare to that report?
The BIG CRASH IS HERE!!😢😢
Manufacturing started ramping up last month after Trump win. Why? Tariff. Buy low sell high. Unemployment is going to hit hard early next year. Most people are making financial cuts immediately, only what’s truly necessary. 🤔
WHAT "manufacturing"?! In China?
I watch " Watch Whats Going On In Maritime Shipping ". Exports from China ports was down 23% last quarter . Enough said
The economy sucks.