Is the U.S. Economy In ‘A Once-in-a-Lifetime Financial Transition’? | FRONTLINE
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- Опубліковано 13 бер 2023
- “I think we are in a once-in-a-lifetime financial transition, and I think that everybody needs to sort of strap in for that,” says Rana Foroohar of the Financial Times in this excerpt from the new FRONTLINE documentary “Age of Easy Money.”
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate.
Premiering March 14, 2023, “Age of Easy Money” examines how the policies of the U.S. central bank, the Federal Reserve, ushered in an age of easy money - and explores the potential consequences of the Fed’s decision last year to start hiking interest rates at a historic pace in an effort to fight inflation.
This excerpt shows how many economic experts FRONTLINE spoke with alluded to a particular quote to describe the current economic moment, in which the risks and excesses that had been building in the age of easy money are beginning to surface.
“When interest rates start to rise, and the tide pulls out, as Warren Buffett would say ... you begin to see who's not been swimming with their shorts on,” Foroohar says in the clip.
“Age of Easy Money,” a two-hour special, premieres Tues., March 14, at 9/8c on PBS stations (check local listings), at pbs.org/frontline, in the PBS Video App and on FRONTLINE’s UA-cam channel.
The director, producer and correspondent of “Age of Easy Money” is James Jacoby. The producer is Anya Bourg. The senior producer is Frank Koughan. The editor-in-chief and executive producer of FRONTLINE is Raney Aronson-Rath.
Explore additional reporting related to "Age of Easy Money" on our website: www.pbs.org/wgbh/frontline/do...
#documentary #economy #interestrates
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Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting.
Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; the Heising-Simons Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
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 hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
Melissa Maureen Ward’’ 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.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.
What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 4 months by investing through my FA.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
-Have you heard of Lisa Angelique Abel"? She gets featured regularly on CNBC. I myself use tax-defe rred accounts to hold my inves tments. That way I avoid capital gains taxes. There are other options your advisor could brief you about....
Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
I believe I could benefit from additional assistance because I am having such difficulty navigating the market. Because the majority of my assets have already been sold, I may require some guidance on where to invest my money.
@@JenniferDrawbridge If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
@@MarkFreeman-xi3rk Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.
@@JenniferDrawbridge I encountered Margaret Johnson Arndt through a CNBC interview, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested. You can hunt her up online if you require care supervision.
@@MarkFreeman-xi3rk Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.. Lloyd Bernard
What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 4 months by investing through my FA.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
-Have you heard of Julia Hope marble"? She gets featured regularly on CNBC. I myself use tax-defe rred accounts to hold my inves tments. That way I avoid capital gains taxes. There are other options your advisor could brief you about....
Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@theresahv That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@DavidRiggs-dc7jk My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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
@@theresahv 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.
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.
@@jameswood9772 Please i want to learn how to manage and invest my resources, can you leave behind the name of the F/A guiding you
Having an advisor is essential for portfolio diversification. My advisor is Lisa Angelique Abel who is easily searchable and has extensive knowledge of the financial markets...
Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
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.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@kenanporubsky2122 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@@Oly_laura 'Catherine Morrison Evans’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .
We're in Uncharted Financial Territory! Every day, we face obstacles that have become the new norm. Although it was initially viewed as a crisis, we now recognize it as the new normal and must adapt accordingly. Given the country's present economic troubles in 2023, how can we increase our revenues during this period of adjustment? I cannot let my $800K savings disappear after putting in so much effort to build them.
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
@@hankmarks69 Pls who is this Advisor that guides you? I’m in dire need of one
My advisor is “ Vivian Carol Gioia” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the fina-cial market.
@@hankmarks69 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 résumé .
Boston Fed President Susan Collins said the central bank may hike interest rates further and will likely need to keep rates elevated for a "substantial" period of time. I’m thinking of investing $400k into my stock portfolio but unsure about the market.
The question is whether inflation's downward trajectory is convincing enough to take a more measured pace with interest rate hikes, or whether a more aggressive approach is warranted to get inflation close to the Fed's target of 2%.
Pls who is this coach that guides you? I’m in dire need of one
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
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
@@RobertCooper03 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
@@RobertCooper03 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.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@@Curbalnk I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
@@louisairvin3052 It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@roseroland1998 i can say that they are lots of them but almost everyone i know works with KAITLIN ROSE STERNBERG this days, she's getting more recognized by day, she strategies has been very helpful this period.
@@louisairvin3052 Same thought when I read the comments from people. as if it's that easy! You can't give what you don't have. That's why as many as who go into the market with little to no knowledge will continue to feel the full downsides of stocks when it happens. I personally need some guide with regards to my 401k. How can I reach Kaitlin Rose?
The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds.What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Deborah Jean Dykstra.. it's been great.
Nicely done. love diversity.
out of curiosity I did read about Deborah Jean Dykstra on the web.,she has a great resume.
i'm happy there are lots of people doing so well...Love this channel for the transparency
@@BenjaminMcLeod815Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.,
Thats nothing. i made 3 million on stocks alone.
To my understanding this just proves how much we need an edge as an investor because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?!
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling, does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
@@AnnieBeischel There are many ways to achieve mouth-watering gains, particularly in a bear market, but such complex trades should only be executed by qualified market professionals.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@lipglosskitten2610 I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@hermanramos7092 My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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
@@lipglosskitten2610 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.
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $240,000 a yr to live comfortably. I have no debts _.._ Stay Motivated!!
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|-|.
`"It's quite a surprise that you're acquainted with her as well. I've had the privilege of gaining significant profits while learning and investing under her guidance for the past few months. JENNY PAMOGAS CANAYA truly stands out as one of the most exceptional mentors and traders I've had the pleasure of collaborating with in recent years. Her expertise in navigating various market situations is truly remarkable."`
I feel like we've lived through multiple "once in a lifetime" situations, financial or not, in the past decade
You're not wrong. Once in a lifetime? Try once in a decade....soon to be once in a year.
One of my favorite Medium authors coined the phrase "permacrisis." That's what we're in now. That's our future.
@@mba321 last several years seams like it's been trying to 1up the previous year's calamity.
We switched to gop majority control of local, state, and federal governments, including the judiciary, from 1980-2023. The Republican Party works for the wealthy and corporations, who like oligarchy, not democracy, boom/bust economy (works great for the wealthy/corporations who can buy new investments at the bust prices), extremely high income and wealth inequality, underpaying labor, busting, preventing, or weakening labor unions, exploiting the M&L classes, cutting taxes for the wealthy/corporations and shifting those taxes to the M&L classes in flat taxes at the state level, monopolies/oligopolies, underfunded government, etc. This period, like the last time the gop dominated 1880-1932, this is the Upper class dream, which results in many M class ppl falling down into the L class, as u can see this by looking up the U, M, and L class and how they’ve changed from around 1900-2022. The US from 1933-1979 when Dems dominated the government, minus the judiciary, was the complete opposite, this was the M class dream, low income and wealth inequality hitting the lowest levels by 1950/60’s, a more stable economy (less boom/bust), the largest M class in the world at that time, most labor unions, wealthy/corporations had to pay their fair share of taxes, an adequately funded government, adequately funded social system, publicly adequately funded k-12, college was funded 80-100%, gdp was higher, etc. If u were an adult after 1980, ur life has been the Republican oligarchy, when the M&L classes struggle. We r in a domestic class struggle the wealthy/corporations vs the M&L classes and internationally a war between democracy vs autocracy, similar to 1914 WWI, 1929 Great Depression, and 1940 WWII. If ur interested, watch videos about the early 1900’s. U’ll think this feels familiar.
@@janedoe3915 Sorry but politics won’t help, if you actually paid attention you would realize that both political parties basically have the exact same economic policies and they like to make us argue about stupid culture war shit that doesn’t matter.
Yeah. I’m 39 and so emotionally and mentally exhausted. Burnt out.
The broad-based Standard & U.S. consumer confidence has sunk to record lows, thanks mainly to inflation. Retail spending, home-building, and manufacturing output all declined and those who drive the U.S. economy, are starting to cut back on discretionary purchases, such as appliances and services. Regardless of our market conditions, however, we should continue to promote savings and smart investments. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 investment fund/Growth stock portfolio.
@Lloyd Bernard Everyone is directly or indirectly affected by it. Taking me for example, investments or stocks still hold a lot of value, but I'm still at a crossroads deciding whether to liquidate my $113,000 worth of stocks or hold them because I'm afraid they'll lose value.
@@lisaollie4594 There are several reasons why I invested under the guidance of an investment advisor, i.e. someone who establishes an asset allocation that matches my risk tolerance and capacity, my investment horizon, my current and future objectives. "LISA ELLEN SHAW" provided all of this and I don't want to go ROI on a public space.
@@louisairvin3052 There is this podcast i was listening to and it said something venturing within your tolerance and risk capacity, see you mention it again got to me. How can one reach this advisor of yours?
@@lisaollie4594 Just look her name up on your browser, it shouldn't be a hassle finding her webpage since she is quite known.
@@louisairvin3052 I could only find the investor: Mike Oxbig. Have you heard of him?
I'm now in my fifties, and I've seen so many "Once in a lifetime" events that I'm beginning to suspect that I may in fact be immortal.
Or Fortest Gump.
The word for the 2020's is "Unprecedented."
edit: thanks KB!
@@A_R_B_Gi don’t want information technology i want the past
@@hoodrooster224 you can't misspell a word in quotes with a spell check on a cellphone.
@@KB-nt7eg Thanks, fixed it lol!
The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends. The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends. Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on
you're absolutely right, the stock market is a dynamic and constantly changing environment that can be influenced by a wide range of factors, including government policies. It is important to approach investing with a long-term perspective, also, understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach and to carefully consider the potential risks..
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19k short of half a million in profit.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
credits to Eleanor Annette Eckhaus, one of the best portfolio manager;s out there. she;s well known, you should look her up.
NOPE.
You're completely mistaken
With the way the market is moving, we'll mostly hold for longer than 2025 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how.
well the bigger the risk, the bigger the reward and such impeccable trades are better executed by professionals.
That right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hardworks, just have a professional guide you.
How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
My advisor is ''Helene Claire Johnson'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Thanks, could really use the recommendation, I've been losing a shit-ton lately, I looked up Helene Claire Johnson and I wrote her detailing my Fin-market goals
Investors thinking that they are entitled to unlimited growth are like gamblers that expect indefinite winnings
This is what keeps the pressure on start ups and keep the market competitive, isn’t it???
Who really expects the bear to come growling outside your door? Spooked the bulls to run away, perhaps.
Growth is never linear , growth is always exponential , let's get that right that we are living in an exponential age .
very good comment
@@hearmeout9424 That doesn't make any sense. Human population growth was linear for almost all of human history. It would be accurate to say that exponential growth is possible for a while.
Today, if you started a small business, and opened one storefront in April and another in March and 2 in May, you COULD run around and gather a ton of venture capital and keep that curve going. It's also likely that you do your research and grow carefully and continue to only open 1-2 locations per month. But what if you open and manage just one restaurant? Exponential growth my ass.
Businesses are often limited in their growth by various things, like a lease on a work space that turns out to not be big enough, or excessive costs, market forces, crime, disaster, bad management.
Similarly, on an individual level, a person might go out and work to earn a wage, and have monthly savings of $100. And slowly improve that over time through investment, and reduced costs, and increased wages. But wages will likely not increase more than once per year (and COLA adjusted earnings for the lower and middle classes haven't increased much if at all since 1989). And there's a limit on how much you can decrease your costs, again residential rent for example is a once-a-year purchase. And with the current investment market, investing will only tend to deplete resources. So this person can struggle and see linear growth, or even decline, but the setup of this person's "organization" is not conducive to exponential growth. And that's 300+ million Americans in that situation.
How many more once-in-a-lifetime financial crises should I expect to endure?
6
I heard 4
depends on how old you are
I just keep thinking, at least it's not WW3, and at least it's not the Black Death of 536 AD, and at least it's not the late bronze age collapse of 1200-1150 BC. Things are, relatively, okay.
The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
The stock markett rally is still in force, but the major indexes, sectors and especially leading stocks are prone to reversals. I recommend you seek the guidance a broker or financiaI advsor.
I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far
@@hushbash2989 credits to Eleanor Cecilia Schnell, one of the best portfolio manager;s out there. she;s well known, you should look her up
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
You know you’re down bad if you’re coming to UA-cam for financial advice lol
‘A Once-in-a-Lifetime Financial Transition’
I've been alive for:
The S&L Crisis
1987 Crash
Dot Com Bust
2007/2008
2020 Covid Crash
The Crypto mania
and now the 2023 banking crisis
Well, if I were a cat, that's 7 of 9!
This is probably worse than all of those put together. I consider the Great Depression to be one of these historic changes and I believe we have entered a new, global deflationary Greater Depression. I expect housing to lose 95% of its value. The point is: we have these rare events when those who lived through the last one have died off and most alive now think it can't happen again. I'm 45 and during my 20s I asked my grandparents about the Great Depression and I have casually studied it for many years and had a hunch we were due for another.
I started investing right before the 2001 crash, so I’ve never really felt safe in the stock market. I’ve always had a strong hedge with bonds and less risky assets. Honestly our whole system feels like a house of cards sometimes.
I've learned don't trust banks or government only keep enough money in to cover a couple month bills, always have cash tucked away, keep a stocked pantry and freezer, an updated resume, have at least 1 spare vehicle, generator and fuel reserve, barter/trade items, and can't forget a couple firearms and ammunition. Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
I see any market condition as an opportunity. So far I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Financial-Advisor “Laura Grace Abels ". Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out.
@@adamweah8037 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
@@ryanthompson8256 Laura Grace Abels is widely known. You can verify her and use her services if you want.
I just copied and pasted LAURA GRACE ABELS whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
I've been 100% invested in Beanie Babies since 1990
Is the U.S. Economy In ‘A Once-in-a-Lifetime Financial Transition’?
you couldn't tell?
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Search her name on the web you will see all you need to know about her.
oi spam bot
SCAM
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery?
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@Finest Bear Hug we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@Finest Bear Hug I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
Maria Juliana Ramirez appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Don't buy individual stocks. You'll be good
I just watched the two-hour show: it's a masterpiece! All you need to know about what has been unfolding for more than a decade now, and what we are starting to see today is unfortunately the result of it. Congratulation to PBS Frontline for a truly excellent job!
PBS hasn't shown anything that wasn't already available to the average citizen who actually followed the markets and understood what was being done at the Federal Reserve. Most people were like sheep, just grazing and living their happy lives with zero interest loans on everything and anything. They never considered what that meant in the long run and how to prepare. The average citizen is freaking out now because they're much like SVB, underwater and unable to figure a way out.
Norman stop congratulating them on exposing the corruption PBS is part of a system that makes you complacent with their system
@@epeeypenPlease elaborate on your reason PBS is untrustworthy. Discuss please!
@@epeeypen What a stupid comment. PBS is not funded by the government.
@@JoseLopez-tk4tq PBS has a long history of acting as a cover agency for the government the same way NPR does.
Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.
If you are using really a good broker or account manager is easier to earn from the market
I'm enjoying working under a platform that brings good returns in my life and I've been making my weekly returns without stress all in bitcoin
To my greatest surprise, I never knew bitcoin can be so profitable, til I tried
@Chris Morgan absolutely 💯
In the "Recession Joe Biden" economy local businesses are feeling the pressure from higher food prices - seeing them double, sometimes triple what they used to be. Just another let's go Brandon moment
There is a perfect storm forming in America. Inflation, sever drought in the farm belt, the pandemic, food shortages, diesel fuel and heating fuel shortages, baby formula shortage, shortage of and price of available cars, the price of housing. It's all coming together and could lead to real disaster toward the end of this year.(or sooner)
As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future.
For decades, government policy has been throwing the future under the bus. The day of reckoning is coming. I expect the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, There's going to be no cash in the banks.... You need a survival plan, about your advisor, how does one reach pls
‘’Christine Blake Mckale’’ does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
I looked up the FA you mentioned on her webpage and submitted a form scheduling a call with her. I hope she replies soon.
"In case you haven’t heard, we’re in a recession. Actually we’re not, but we’ve spent the last year talking about how we will be, which has the effect of altering behavior as if we were. Even if you’ve come to terms with the fundamental irrationality of the stock market, it’s still difficult to fight the feeling that CEOs are willing this recession into existence to create a justifying narrative for layoffs. Not because they necessarily want to save money, or even redirect the company, but to press reset on what they view as out-of-control compensation packages and worker demands." Anne Helen Peterson
100%. You can't be making stock buy-backs whilst laying off significant portions of your staff and claim it's external market forces.
This so called "recession" can be summed up with this famous quote from The Big Lebowski: "The bums will always lose!". For the rich and many businesses things are as rosy as ever.
Speak for yourself 🤓🖕
@@shingnosis takes a bum to know a bum 🤡🖕
years and years of QE and low interest rates means that risk has metastasized into every part of the US economy. There is no where to hide now, its time to pay back all that easy money.
I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $ 180,000 savings to turn to dust
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Corinne Cecilia Heaney, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
please how can i find the lady you mentioned'?
Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
i stand with biden in the time of trouble
The government intervention not allowing market corrections only delays the inevitable into a much bigger corrections because the government used all interventions on small corrections so there is nothing left for bigger corrections.Regulation over interventions is the only cure. When an industry asks for deregulation, they are asking for permission to do something dangerous.
FRONTLINE is one of very few TV programs that I regret not having a TV to watch.
It's also broadcast on UA-cam for free.
Not having a TV is always the better option
@@f4ll3nzr0 I grew up with the 3 major networks and PBS on a antennae on the roof. Frontline and American Experiance, NOVA, etc. were the shit.
It's one of the select programs I can count on to educate and not just use fear mongering to present a sane platform to showcase important issues confronting the public.
Never felt my intelligence was being insulted, I have to say.
Many people venture into crypto to be millionaires, meanwhile I just want to be debt free.
Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.
Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
When you invest in crypto you are buying days you don't need to work
Now is the best time to purchase and invest in bitcoin, stop procastinating
I'm enjoying working under a platform that brings good returns in my life and I've been making my weekly returns without stress all in crypto
Yes a transition in to poverty for the rest of us
Americans had it coming.
Speak for yourself
@@goldwhitedragon 🤓🖕
@@goldwhitedragonour standard of living is unsustainable.
Looking forward to this episode! Honestly, I hear all these rich people and they're smarter than me. However, I don't think they're seeing the whole picture in their echo chamber. Like they didn't on the Financial Bubble or the Housing Bubble. Everything useful is overpriced. Housing, education, Healthcare and even banking is out of the reach of a lot of ppl. Prices are falling down bc ppl can't afford it anymore. Even the guy talking about cripto has that scornful smile, he knows what cripto is. To go around pretending that is like buying Wal-Mart stocks or even pesos is a joke. So, once again, we have to hear from the experts who created this very problem how we should save them to save us.
They keep saying home prices are coming down but I'm not seeing it here in central Iowa.
They are not. Idk wtf their talking about. Still sky high here in Kansas. People want 150k for literal dumps.
Powell messed up big time. He kept rates too low for too long.
Way, way too low for too, too long indeed! Yet he won't lose his job. Nuts!
The Word TRANSITION sends Shivers down one's Spine. What we need is Progress ( Gradual ) so that Humanity can have Peace & Prosperity rather than devoting their limited time to a constantly uncertain Life & Livelihoods.
We just go from one financial crisis to another
Because constant growth that is logically unsustainable.
once in a lifetime, every decade
Amazing content. Subscribed 👍🏾
Don't know about you all, but I'm getting pretty tired of living through "once in a lifetime" financial crises every 5 years.
Getting kinda old , isn't it?
Thanks you Frontline for amazing work information n journalism
“Journalism”
Just do something that will earn you money while you sleep, no matter how little. The pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay at home. Well I never felt it because I invested in a trading company where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.
I heard a lot about Juliann Hart and how good she is, please how safe is she
How can I communicate with her?
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate..
Oooooh.....this is going to be good! Frontline never disappoints!
In 2017 the Dow was 20,000. There isn’t any turmoil yet at 32,000
This is my third or fourth 'Once in a lifetime Financial Transition'.
This looks interesting! Can't wait to see this take on the economy. (and what excellent timing! 3/14/23-SVB etc)
Gold Jerry - GOLD !!!
I get it. Thanks.
Bad stocks should technically be the only ones that fail. If bonds are affected, it can just be a slight effect.
The woman said exactly what I’ve been thinking for the past year witnessing my portfolio go down 50%. The stock market is so fricken old and inflated! It’s bound for a mega correction.
50% is much more than the general market dip -- SPY was basically flat for the last year. Consider realigning your portfolio or take some risk off by putting some into CDs
And the HUGE run up over the past 5+ years. 😉 I got out of the market Feb 2021.
Housing prices have not come down. The increase has slowed down. Very big difference.
As far as lending rates go--if it's expected to qualify for a mortgage loan, then the rates have to lower, not climb out of panic. Does the interest rate lower too? Well, if we expect to reduce inflation, it is the biggest indicator. It's not like radical reductions are expected. Isn't there a federal guide that is used? The prime rate equals, right?
Can we have a ONCE IN A LIFETIME of no problem in the financial section?
nope
@@rayallan3650 Yea, thanks to those old people who are and soon will be who were controlling the world.
I've learned don't trust banks or government only keep enough money in to cover a couple month bills, always have cash tucked away, keep a stocked pantry and freezer, an updated resume, have at least 1 spare vehicle, generator and fuel reserve, barter/trade items, and can't forget a couple firearms and ammunition.
Trust no one
Where I can watch the full version?
I'm in complete awe at how I went from living an average life to making over 63k per month. It's amazing. The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Rodger Michael Karl.
I just looked up his name on Google and saw his impressive resume. I consider myself lucky to have found this comment area..
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
Rodger Michael Karl truly has some excellent tactics. On my portfolio, I had weekly gains of over $27,000. Your capital actually determines your earnings.
With Sir Rodger Michael Karl, I've profited greatly from my investment. The quantity of money you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more money.
I agree. Based on personal experience working with Rodger Michael Karl, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.” - Satoshi Nakamoto
Did Mr Blockchain really say this? Fractional reserve lending isn't new. Printing paper money backed by the faith citizens hold in their institutions will soon be tested!
Stupid crypto bro failed to realize crypto has already scammed and lost billions for all fools that fell for that ponzi scheme.
Hold on, it's about to be turbulent. The problem is to much of our economy is in real estate and REIT
Problem is that too few people have too much of the money.
@@georgevanderslice9720 I like what you're saying George
@dont he is right 👍
but sleepy joe told me it's all trumps fault
@@user-gq5ft5xd6w thank you, I think you're spot on!
That last guest Rana Foroohar is 100 percent correct.
Gee, no disrespect but a financial expert saying “be cautious with your money?” Pearls of wisdom! Thanks a lot! 😂
death is also a “once in a lifetime” transition
The insidious phenomenon of asset hyperinflation that mainly started with Neoliberalism has been exacerbated by QE, low interest rates and globalisation. We didn’t observe hyperinflation in goods and services, because money was moved away from the real economy and into assets. Asset prices have become so detached from reality that they were going to come down eventually. But We should let the asset bubble pop slowly in a controlled manner in order to maintain financial stability. Otherwise we will see a crash not on the scale of 2008, but 1929.
you just described Canadian real estate market
@@SalfanSOmar Hasn’t Trudeau recently tightened rules for foreign real estate investors in Canada though? In making it harder for global investors to prop up the housing Ponzi scheme for the asset class, surely Canada is taking the necessary steps to put a pin in the bubble before it’s too late?
@@billsykes5392 Canada is doomed. its literally a fat baloon of "overleveraged" real estate ready to bust.
lol. 25% of the foreign investors in Florida are Canadians. If you want protection we can play that game too.
Keep the people in a state of stress with wars and never ending crisis.
Never say never
Sure is a lot of once in a lifetime stuff going on right now.
Fed has to raise interest rates to offset the printing of bailout money. If the Fed pauses interest rate hikes, inflation will come back again. Then the Fed will have to hike rates again more than anticipated to levels of 10% like the 1970s. It is better for the Fed to raise rates and let the market crash temporarily and let the price gouging businesses close down. It will be less pain than pausing and having to do the process over again. 😮😮😮
It's $3 for a can of soup. Where did you say inflation went?
Muh money printing 🤪
How about we ask the real question - if the working class gains any semblance of power - remote work, increased wages, etc - after decades of inequality has been stacked up against us - why does the economy need slowing that ONLY AFFECTS US HARSHLY EVERY TIME?
-“and if you need your money in the next…COUPLE of years…”. I fear to say it would take more than a couple of years to get your money built back up in the scenario they’re talking about.
This is why I buy undervalues degrades homes and put my money into them. Sweat equity always out performs the S&P500. I keep just enough in my savings account to pay off a credit card that gives me points. I rent out my homes basement and use the proceeds to create a small emergency nest egg. Besides that, I have everything insured including my health so I won't get stuck with any huge expense. Diversify away from Wall Street and keep your money in your community. I also spend my money at local stores, not big box stores because when the recession hits, I want my local mom and pops to be diverse and well funded to get through the recession winter. Even better if you invest in local commodity providers such as farms, manufacturers such as local breweries and buy from local grocery and "stuff" stores who themselves buy local. That way, when the big global companies lean out in tough times, your community is not hit or when US politicians cannot keep the peace with other export countries like China, your community is still strong.
Added benefit of this is that the small local companies are QUICK on trends. When that whole coffee straw controversy thing happened, Starbucks pledged to have all straws removed by 2030, ten YEARS. Meanwhile, the local coffee stories had papers straws in all their locations the following week. Local companies are more agile, take better care of their employees, and better serve and understand the needs of the community.
Golly these once in a lifetime financial catastrophes sure seem to happen a lot more than once in a lifetime in the greatest conceivable economic system
It is by design. It is a feature of the system not a bug. The ultra wealthy are making too much money in these downturns where they get to grab up more and more of the pie. They buy up the most valuable assets at fire sale prices while the working class is left holding the bag. Then the ruling class get rent the basic necessities back to people at inflated prices. America's economy is transitioning from the ownership society of the past to a future where the average person owns nothing. It is neofeudalism with a new twist and new name.
When the Economy is "Too Good,"
Markets gripe that it's 'Too Strong!'
:-))
The big mistakes happen with bailouts to for-profits. Not only does it help to keep grants for gov, and non-profits separated as a rule, but once the mix has happened, how will it ever come to a stop? The covid related tax rebate for middle income category was an unnecessary mistake. Why should the middle income category be supplemented? They can make ends meet. The lower end didn't get a stimulus for what-two years? And, doesn't the gov. usually depend on a predictable tax base? Where will the middle income tax dollars be for next year? Or, where is it now. I believe that for-profit corporations should have to pay back any grants, as in, converting grants to loans. For-profits are allowed to use the stock market and other benefits along with keeping corporate profits for their own banking choices. Non-profits have no choice to trade stock. It is simply put, non-profits depend on grants and donations to use for charity purposes. But they still get paid a salary. Non-profits are all there are to fill in the gaps in the system. And there's only so much money to use in grants. If for profits and businesses are receiving the grants, what are non-profits doing for work? The failure will once again fall down onto the poor. The ideal would be to be bringing up the poor. That would improve the tax base and do it for the group needing it the most. Finally, according to CFR rules regarding the running of non-profits, no monies can be used for the private inurement of any officer or employee. That means monies they accrue above all costs must be put toward a charity purpose rather than be counted as a profit. Giving grant monies to for-profit corporations and supplementing the income of the working class using a tax rebate, are both essentially the same thing as if a non-profit were to be keeping their profits and is unconstitutional.
Its amazing how robust markets have been to the meddlings of people who are trying to destroy them. Wonder how long it can last.
This is why Marx is still relevant in 2023. If you get past the cliche view of his philosophy, the working person get it in the ass every time. The asset class get bailed out
Marx didn't know Amish. You follow the wrong jew my man.
@@francismarion6400 what an ignorant comment. By all means disagree with Marx but the one liners do not cut it. You do not need to agree with Marx to appreciate his technical description of how it operates.
Every freaking time, dammit!
Home sales at an all time low in history, stock market crashing, I am very very afraid for our future.
Home sale at all time lows and still unaffordable
I would say most of these people don't really know the trajectory. Bubbles happen in stocks, housing etc. They go up and it is called a bubble. Then they drop, then they go up again. No one really ever knows when there is a big bubble that is going to pop.
"Once in a lifetime" does seem accurate when drama happens every ten years.
Cash is king….Even if it means you’re losing money safely.
What happens when Social Security gets privatized? I don't think it will be around when I retire. Is there a way to stop them from taking that out of my check every pay period?
Social security won’t go anywhere. It will require adjustments but won’t disappear.
I haven't heard privatized and social security in same sentence since Bush was the president. It's not going to happen
get paid in cash
@@bigpicturethinking5620 FJB
The French are rioting because of a slight change to their pension plan.
Just sayin.
'The end, this is the end..."
Jim Morrison
I hope there’s a larger correction coming. Arizona houses should NOT mirror California near-beach proximity homes. There just isn’t the same payoff for spending more than half-a-million dollars on a house surrounded by sand.
Hope is not a plan
We are in the mega depression already. We just cant see it yet because the tide waters got so high, that when they go down it will take everyones trunks with it.
Speak for yourself
He didn’t mention staying in cash at all. If you stayed in cash you’ll wouldn’t have lost at all. Sure you lose to inflation but it’s better than losing both in the market and inflation.
Very hard to not give into FOMO...just for the sake of what if! Sometimes it is better to sit just on the sidelines and ignore the hype of the salesmen.
As a millenial, I honestly can say I'm not worried about it anymore.
The whole notion of "easy money" (which only exists for the very rich, by the way) causing our current financial issues is preposterous. Our current financial issues are due to the concentration of wealth and power to a very small number of people and corporations. Our runaway inflation is because these trusts have an inordinate power to shape our economy.
Food trusts, housing trust, energy trusts, Congressional trusts (we effectively have a single political party in power); they are the major causes of what we're going through. Everything else is distantly secondary (the pandemic and availability of money included) or vanishingly tertiary ("big tech").
All of these trusts exist because of Congressional corruption. We will have to fix Congress in order to fix our long term financial issues. Unfortunately for us, Congress has successfully distracted and divided The People so much that all too many can't even acknowledge the problem, much less agree on a fix.
"People can't afford necessities, so we need to cut wages and jobs" - makes perfect sense.
Your intro edit really does tell the whole story, despite it being "fictionally" edited.
The relief package has nothing to do with it. Quantitative easing and free money to financial institutions which allowed them to lend money at very low rates to corporations, who then used it to buy back stock and artificially inflate the market, while using the pandemic as an excuse to raise prices on everything far beyond the cost of the challenged supply chain, is the whole damn reason.
Where is the Frontline narrator? Did his contract expire? I feel bereaved.
Love his voice
That lady at the 4 minute mark is right on the money. Take a look at the historical PE ratio of the SP 500.
So, is the advice here to hedge and buy LEAPS puts then? Retail investors can do this too.
Adios middleclass. You had a good run. 😢
Expecting the markets to be up constantly is completely ludicrous. As is investing in high risk assets (i.e.: Crypto) and complain when you have losses. Less whining and more accountability is needed.
Totally agree. Housing was also ridiculously high. We are having a correction. To the mean.
IIRC 2022 was the first year since 1969 that US stocks and US bonds both went negative, and 1931 was the last time before that
When will the correction be in favor of the average American worker and not the very wealthy?!