@@michaelwills1926 Real estate developpers have many funds from laundering money and they're trying to protect their money,investing in real estate amd thinking that they'll recover after the crisis but surprise...they will have the fate of China buildings : The buildings will be finished,nobody will buy them or few of them and many of the buildings will stay empty for a looooooong period of time.Nowadays crisis is not caused by war,lack of finances or else.For the first time in history,this crisis is caused by absurd systems created by those who want more,moore and mooore and refusing to see that the whole world is a huge mechanism that has its own rules.Look at China..they've made it with their own hands.More than 78% unemployement among youngsters,real estate projects abandoned,all of them being erected with CCP money and an economy in free falling.
I keep hearing about Volkswagen, yet the share price is going up strongly and its not showing the slowdown people are suggesting. If it's so bad why are the shares so strong.
@@Congtrihayankeomut More likely the prettiest pig in the sty with it being one of Germanys largest companies, and people moving money to what they see as safest, but it does go against the narrative somewhat.
@@melanimatejak6821 Well lets just take a random time period in which they move in the direction they want and use that to justify a point ! Ignore all the time periods when there was movement which didn't support conjecture! The share price increased 2.5% yesterday alone! It had of course dipped but the whole picture has to be taken into account. It is recovering strongly as I had said.
@@flakieflake9616 In the last 6 months it fell 21%. In the last two years down 26%. In the last 5 years, it has been down 37%. While in the same time other stocks increased; and don't forget inflation. It's change over longer periods that counts, not what happened in a few days. Plus, it is quite common for a bad stock to see some temporary gains after a big decline. There is even a technical term for it; dead cat bounce, after which downwards trend continues. And I sincerely doubt that future would bring any good news for German car industry in general.
We're seeing a lot of broke a%%es and more coming. So as my 5.5 % CDs begin to mature I bought 2 stocks: Unilever UL and Hanes brand HBI. Even broke a%%es have to wash with cheap soap and wear cheap reliable underwear. Also they have the lowest Didn’t Earn It scores. Exact timing is impossible though.
Hanes has not performed well over the last few years. Cheap Chinese clothes will Have replaced Hanes. If the economy collapses both these companies will crumble as well.
Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
In my terms, it sounds like, _"we're stringing you suckers along, skimming off the top, making it _*_LOOK_*_ like we have control, but are actually hiding the fact that we _*_LOVE INFLATION AND HIGHER PRICES."_*
Well into a recession here in Canada, too. Hard times ahead the next years, my heart breaks for those already out of work. Our biggest housing markets are on the brink of collapse with government frantic to prop it up through policy.
As a Canadian I couldn’t agree more. They have been lying their way to ignore the recession, doing whatever statistical skullduggery they can to pretend it all away.
Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
All of the 'market watchers' confirm new factory orders are down. Well that's because people don't have the extra money to buy new stuff. Everyone is out of money.......
They aren’t finished squeezing every last drop out of the workers for this cycle. When they are satisfied, they’ll drop rates, announce the real unemployment numbers, drop the market and buy everything.
The U.S. is actually in a deep depression... it is onky being hwld up by $1 trillion in CREDIR CARD DEBT!!! If people didn't have credit cards... there'd be civil war and mass chaos n the streets. People like me working 2 jobs cannot afford to buy groceries or pay their heating bill.
" If if if" " If only things were different than they actually are then I would get the crash that still I'm so desperately hoping for because I shorted the market because of people like Jeff. Now I needed to crash at least 60% to make back my levered shorts.," Jeff just keeps getting people wrecked year after year.
@@ifh4030 Well the "united" states of murica and king-CONNED-om are in recession since the "global" financial crisis The fracked up BS data bubble can only last so far, then the peanut butter will really hit the fan....
Not it's not. During the 1933 Depression, 24.9% of the US workforce was unemployed. We are in NOTHING like a depression, and count your blessings for that.
@@joekraska Don't be too proud of your assessment. We'll be in a genuine depression soon enough. Cyclical downturns are inevitable. They've pumped this balloon up so big, the resulting pop is going to be massive.
War isnt cheap , inflation is that tax to pay for it, its two trillion and counting , octopus starts the new fiscal year.the government will need an additional two trillion to add to that. with no government cuts coming.
When you let millions of migrants into your country when the employment is not there for them, your debt is going to increase, then you’ll need to raise taxes for those who do work which will mean less income to spend. When crime influences retail stores to close, then unemployment rises and your debt increases. I’d say going to plan perfectly and we are reaping the consequences!
*Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult*
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Ricky Wen, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Ricky Wen
I was 40k in debt at the start of june, now Im 26k up just from carpentry and painting contracts, met some good contacts and completed some large projects. Keep your head up guys anything is possible
I agree. Ive been doing remodeling/handyman/painting for 20 years and Im booked for months with no advertising. All referrals. People are spending money on their houses.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months sometimes lesser and now they are multi millionaires. I pray that anyone who reads this will be successful in life💯
Most of the woes stem from the countless sanctions that only helped shoot prices up, created shortages, unsustainable energy cost and availability. Cannot understand, anyone could see that effect will hurt EU more than Russia.
market tops are like wile e.. coyote after he ran off the cliff but you can stay suspended in air for 3 to 9 months waiting for the drop and even catch an updraft while waiting. then one day it finally comes after you finally start thinking this time is different.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over $2.8million.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Excellent share, just inputted Marisa Michelle Litwinsky on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.
Generally he is right. If we were living in real free market capitalism, a downturn would happen at the end of 2021. Central banks and the US were artificially postponing it by creating new money. But the bigger the bubble - the greater disaster when it finally pops.
Things Mr Snider has been wrong about over the past few years but isn't man enough to admit: Oil: He has zero understanding of the Oil Market, WTI, Brent, RBOB, Crack Spread, Contango/Backwardation etc. He tries to sound smart talking about Contango, while falsely stating "The IEA's entire job is to sell oil to the world..." IEA does NOT sell oil. US Treasuries/Interest Rates (The Bond Market): Often referring to USTs as "safe and pristine collateral", Jeff and his partner Steve rode the TLT Bond ETF down from the 170's before finally capitulating below 100/share. Inflation/Deflation: "It's not that inflation is a small possibility, it's near impossible because we're in deflationary depressionary conditions...people think there's going to be inflation, but there never is..." The CPI was 0.1 YoY when he said that on 5/11/20 and he still, to this day, maintains "It was never inflation". Gold: On 4/18/23 he stated "You can't use Gold..." Recession: Multiple times Jeff has stated "summertime is the time for recession"; despite the fact that only two of the last ten recessions occurred/started during summer.
WAIT ONE SECOND! You predicted we would be in a recession by the end of the year,......in the summer of 2023! Are you sure your crystal ball is not a snow globe?🤣😂🤣😂😅🤣😂
central banks cant predict properly. What makes you think a yt channel that is driven by engagement can? :D Its always gloom and doom and selective perception bias to get them clicks
All technology is deflationary. The only thing that’s causing inflation is the central banks and fractional reserve banking. No matter how good the technology gets, they’ll make sure the „money” people use will continue to be devalued Bitcoin fixes this
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 mrkt 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.
Was just in Berlin and things are dire. This is an industrial recession, and people everywhere looking for jobs and no body spending money. Stores and cafes empty, young people walking around panhandling and digging through trash bins
My friend was in Germany when energy supply was cut off couple years ago. I asked her about what I saw in the news here in America and she said everything was business as usual. Sometimes media here exaggerate everything
Imma sound crazy but I've in fact seen enough. I'm calling it right here. A global restructuring of the financial system because of a world wide depression in all countries that deal predominantly in US dollars. (Which is 71% of all transactions on earth on any given day.)
The EV sector charging Up with lower interest rates. HYLN..12 % gains . Hyliion...LEV 8 % rise.. Lion Electric... Polestar and Rivian up 2 %.. NKLA.. Nikola near 100 new truck deliveries expected Q3.. FREY...Xos Trucks...Plug...Surf Air Mobility...QS .. Lillium Evtol Jets and more. Thumbs Up video) comments. Thanks.
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.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@puffydangon1969 "How so????" SERIOUSLY??????? He's saying gold is going up because of "DEFLATIONARY" pressures? This incompetentcorruptsenileOleJoeBribem and KacklingKommieKamala admin is deficit spending 6 to 10% of GDP,.. generating 1 to 3% GDP growth,.. giving us an entrenched structural inflation rate of 4 to 5% (I don't care what the "headline" reported numbers are the real is 4 to 5%),... on top of an accumulated inflation/price cemented increase of 50% (again don't care the reported is 20%+,.. it's 50%) over the last nearly 4 years,.. and he's saying gold is up about 50% in the last 3 1/2 years because of deflation???????
I think most US citizens forget how low Germany's debt is. Germany could spend 2 trillion on the economy and it would just be on par with France and still lower debt than US.
@@smeff099 I don't think you understand that I'm talking about the national debt to GDP ratio of a country and Greece was one of the most indebted countries in the world in 2010 and still is today. With the additional 2 billion, Germany would only catch up with the debt of the other industrialized countries in terms of GDP.
@@smeff099 I am an absolute follower of Hayek, but I think you are from the USA and understand very little about the EU and that within the EU the debts of the individual countries are increasingly becoming the problem of the EU. In other words, the EU is becoming a debt community. In a debt community, it's like going out with your friends in the evening and dividing the bill between all of them, no matter how much you consume.
Do you forget Germany have laws saying they aren’t allowed to spend unfunded money?? If the US had such discipline, there wouldn’t be a problem. But generation Gimme feel entitled to freebees all the time.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. 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.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
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 ‘Jessica Lee Horst’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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.
The whole world is in recession. Ask any IT member how well their job search is going! This will last as long as it lasts and then the money will come back. Round and round it goes..
At the fed office: Moe: "Hey Larry , your turn to post a con, er, assuring comment for the public!" .. Larry: "What? It's Curly's turn! I just did it last time! Besides, I just opened my box of donuts" .. Moe: "Oh, okay, well, I suppose there's no hurry" .. : Larry: "Why don't you do it?" .. Moe: "What? I'd have to turn on my computer! You expect me to do something before noon? Get outta town!"
Kudos to this channel for focusing on a macro factor everyone's ignoring: manufacturing is in decline. Everywhere industrial production capacity is based on - anchored by - Auto Manufacturing Auto manufacturing is in decline. We're making & selling fewer internal combustion engine (ICE) cars, as the market shifts to EVs. That shift IS happening: recent slumps in EV purchasing indicate that consumers WANT EVs, they just don't want the crap EVs that legacy manufacturers have produced. Tesla is doing just fine, continues to scale production & sales. Auto manufacturing is supported by a pyramid of systems, parts & material suppliers. Without auto manufacturing, an industry of tool & die makers dies. Sheet metal suppliers die. Parts manufacturers die. So it's no surprise that - with auto sales down & legacy manufacturers unprofitable, hemorrhaging cash, manufacturing across the board is in decline. This won't be a short-term phenomenon. 1) Most - maybe all? - legacy auto makers will go bankrupt This is foreseeable, predictable. It's the norm every time a major industry is disrupted by new technology that recreates the product. The horse buggy manufacturers of America & Europe went bankrupt. I've identified only 2 or 3 that survived & made the transition to auto manufacturing (one survived as a brand name only; only two actually re-tooled to make cars). Within a decade ALL the legacy manufacturers were gone, surviving only as brand names on cars made by new companies. Typewriter manufacturers all died. Those with divisions making other products survived for a while on that, or retreated into other industries with variable fortune. The same thing happened 60 years later to computer manufacturers. It happened to telegraph companies; phone companies; cell phone companies; camera makers. It's reliably predictable. 2) China fully intends to drive this process faster China has a history, a demonstrated strategy, of choosing industries to disrupt, state-subsidizing over-production, dumping worldwide to drive all other manufacturers out of business, and creating Chinese-dominated monopolies or oligopolies that give China strategic control over rival countries. China has done this with pig iron, low-quality steel, ship building, basic chemicals supply, pharmaceuticals, wind turbines, solar panels & solar cells, rare earths metals, batteries, battery materials. China has used massive subsidization by the State, and State-sponsored & funded espionage programs to steal intellectual property (IP) & make Chinese manufacturers competitive fast. It's cheaper & faster to steal IP than to fund R&D for decades. This is WAR It's war by other means. If you destroy key manufacturing capabilities in competing countries, they lose the capacity to make the stuff you need to fight a war. Consider: in a hot war with China, say over Taiwan or in support of the Philippines, the much-vaunted US military will expend over half it's bombs & ammunition within a week. It will lose half it's navy & air force assets within two. What's it going to do then? Order more stuff from China? If you cannot make the stuff needed to fight a war, you can't fight a war. You're done before it starts. China's playing the long game, very very well. The west has been dumb. We'll all look like Australia Nice country. Zero manufacturing capacity of note. The entire economy is based on mining, finance, agriculture & tourism: that's about it. It's furiously buying military assets from the US: ships, subs, jets. Bully for them: they'll all be gone in a week in a fight with China. Australia has zero capacity to make more. To make even the ammunition they would fire. No tool & die industry, no sheet metal production, no widgets, screws, thingamabobs: stuff. Nada. Fight's over before it starts, isn't it? Might happen regardless The history of industry disruption is pretty bleak: most auto companies WILL go bust, and WILL do so by 2030. Those that survive will do so only with massive state subsidies. I'm sure countries will bail out one, maybe two major auto firms in each nation. VW is bigger & better connected politically, but Mercedes is far more viable: it's a toss-up which would get state support. BMW will be absorbed first. Italy MUST support Stellantis. In America GM is a basket case, far more incompetently managed than Ford, but way better connected politically: Ford will be merged in & GM will suck up public tax dollars, again. In Japan there's no way the country will support 5 different companies: Mazda & Mitsubishi will be merged into Honda or Toyota; Subaru is already 25% owned by Toyota. I suspect Toyota will win support, despite spectacularly poor management for over a decade. I doubt any country will support more than one company. China's driving it faster, deliberately It's a national military strategy. It's working. The only defense is to close borders to imports Either we ban Chinese EVs, which will rapidly escalate into a complete breakdown in trade with China, or we levy MASSIVE tariffs on Chinese imports: 100%, 200% -- whatever it takes. We're forcing consumers to compete with the Chinese state: that doesn't bode well. We MUST re-tool, rebuild manufacturing capacity FAST Biden's Inflation Reduction Act (IRA) is a good start. It's a misnomer: it isn't about fighting inflation; it's about providing state-funded incentives to industry to rebuild lost manufacturing capacity, re-shore manufacturing that's been outsourced to China for 4 decades. That'll necessarily be inflationary The cost of everything WILL go up, long-term. Short-term we may see recession & deflation, but long-term the cost of rebuilding, the disruption, and an inevitable labor shortage (we're not having kids, haven't for decades) will drive up the cost of goods significantly. The other thing that'll drive inflation is the demand for capital. The Baby Boom generation has aged out: they're looking for risk-free annuities, not risky stock market investments. That will starve the stock market for capital, at a time when industry will require vast amounts of capital to rebuild. Either the government must print more money (bet on it) or private equity will become much more active, supporting manufacturing expansion but also increasing inequality: the 1% will acquire even more of America's wealth. AI + Robotics may help Both will drive labor cost reductions, result in unemployment. They'll enable dramatic cost reductions over labor-driven manufacturing: we're going to see a dramatic reduction in the labor content of manufactured goods & even services. But reshoring will drive an increase in the volume of manufacturing, which should provide more jobs. Hopefully, enough to off-set reductions in jobs per product made. But they'll drive inequality too: the 1% owns the means of production, the vast majority of the S&P and NASDAQ. Private equity owns the vast majority of private companies. Wealth will be concentrated. And IT will - as it always does - drive monopolization of industries. This doesn't bode well for social & political stability.
You said the US is not far behind... Dude, reality on the phone for you... I've seen tons of YT videos of monthly rent prices in the US starting at $1500... guess what... we don't have that in Europe!
You keep calling a possible recession "dangerous". A recession is not a good thing for most people, which we know from the many, many recessions we have lived through. A recession would hardly be dangerous, though.
This guy is so bloody depressing to listen to, seriously every time I try he creates a mini-recession in my home, how about you shine some light sometimes to mean reverse your bad shit that doesn´t help investors make money at all. GDP up, Liquidity Up, Inflation Down is fucking sky rocketing markets its not so hard now is it? Trade what's in front of you not what you want it to be ffs.
I don’t think there’s really anything you can put your faith in of this world. You can’t put your faith in money you can’t put your faith in politicians. You can’t put your faith in friends. One day we’re all going to die. The question is, are you ready for what comes after this world? I think this is a way for God to get our attention to say nothing you’re doing is working, trust in me. For God, so loved the world that he sent his only begotten son that whoever believes shall not perish, but have everlasting life. For all our righteousness are like filthy rags before God. He sent his son into this world, not to condemn it, but to save it. Jesus Christ is the way the truth and the life, and no one comes to the father, but through him. If we put our faith in Christ, I guarantee that he will hear our prayers and heal our lands.
The bond yield curve just crossed into positive. The banks bought a huge amount of Treasuries with covid relief cash, just before the yield conserve inverted. When the banks get to the point they can finally sell those bonds and make a profit. With rates cuts and a massive influx of money into the economy that spells hyperinflation to me!
Correlate to your market just so we know is the market worried there? What is it doing in correlation to your answer today? Where's the confirmation? How overvalued are your markets done? Give us a number
May I write? Merci UA-cam Censors! LEARN TO BIRTH LIKE LA VEDETTE de la Catégorie LES CIEUX! How I wish these Tyrants would have recognise THE GODDESS! Marylin Monroe In Heaven.
We got the best of both worlds. Inflation & Unemployment.
FACT: a rusty nail in your water *IS MINERAL WATER!*
@@sativagirl1885mineral water huh how do I order some
@@runswithraptors Under current conditions it orders you.
Weirdly, Housing starts have t slowed an inch. They’re building for someone
@@michaelwills1926 Real estate developpers have many funds from laundering money and they're trying to protect their money,investing in real estate amd thinking that they'll recover after the crisis but surprise...they will have the fate of China buildings : The buildings will be finished,nobody will buy them or few of them and many of the buildings will stay empty for a looooooong period of time.Nowadays crisis is not caused by war,lack of finances or else.For the first time in history,this crisis is caused by absurd systems created by those who want more,moore and mooore and refusing to see that the whole world is a huge mechanism that has its own rules.Look at China..they've made it with their own hands.More than 78% unemployement among youngsters,real estate projects abandoned,all of them being erected with CCP money and an economy in free falling.
Whatever. It’s all building to a crescendo you can feel it, see it and nigh taste it on the air. Gen X, remember who you are
I keep hearing about Volkswagen, yet the share price is going up strongly and its not showing the slowdown people are suggesting. If it's so bad why are the shares so strong.
Is it the depreciation of currency? I’m no expert, it’s only a guess
@@Congtrihayankeomut More likely the prettiest pig in the sty with it being one of Germanys largest companies, and people moving money to what they see as safest, but it does go against the narrative somewhat.
Share price going up strongly? 14% loss in one year
@@melanimatejak6821 Well lets just take a random time period in which they move in the direction they want and use that to justify a point ! Ignore all the time periods when there was movement which didn't support conjecture!
The share price increased 2.5% yesterday alone! It had of course dipped but the whole picture has to be taken into account. It is recovering strongly as I had said.
@@flakieflake9616 In the last 6 months it fell 21%. In the last two years down 26%. In the last 5 years, it has been down 37%. While in the same time other stocks increased; and don't forget inflation. It's change over longer periods that counts, not what happened in a few days. Plus, it is quite common for a bad stock to see some temporary gains after a big decline. There is even a technical term for it; dead cat bounce, after which downwards trend continues. And I sincerely doubt that future would bring any good news for German car industry in general.
Typical term is summertime sadness
Bottom line, go long Lululemon.
We're seeing a lot of broke a%%es and more coming. So as my 5.5 % CDs begin to mature I bought 2 stocks: Unilever UL and Hanes brand HBI. Even broke a%%es have to wash with cheap soap and wear cheap reliable underwear. Also they have the lowest Didn’t Earn It scores. Exact timing is impossible though.
Hanes has not performed well over the last few years. Cheap Chinese clothes will Have replaced Hanes. If the economy collapses both these companies will crumble as well.
Stop covering graphs with pictures. You have a great info but you cover half of it!!!
Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
I appreciate the professionalism and dedication of the team behind Sandy’s trade signal service.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
In my terms, it sounds like, _"we're stringing you suckers along, skimming off the top, making it _*_LOOK_*_ like we have control, but are actually hiding the fact that we _*_LOVE INFLATION AND HIGHER PRICES."_*
Full speed ahead on inflation, huh?
I've been watching so many of your videos that i hear "globally synchronized downturn" in my sleep. :^)
And yet nothing ever happens
@@Gabber44906sure if you have your eyes closed and ears covered
@@nosdalgicthis channel just narrativizes too hard.
And yet the markets keep rising...
You ARE in recession since the "global" financial crisis - The BS data bubble can only last so far, then the peanut butter will really hit the fan....
Well into a recession here in Canada, too. Hard times ahead the next years, my heart breaks for those already out of work. Our biggest housing markets are on the brink of collapse with government frantic to prop it up through policy.
Propping up home home prices is one of the most economically damaging things they could do
Goddamn 30 year mortgages, they still try to bait whoever into this. They really fucked everybody over. This is so fucking sad
AI will take over.
As a Canadian I couldn’t agree more. They have been lying their way to ignore the recession, doing whatever statistical skullduggery they can to pretend it all away.
When the lay offs start to happen folks will start to realise that there is a recession happening.
2 years down that road already.
And yet markets are on the move higher and higher...
@@John-wf5if People are just gambling, mostly rich people.
I wish the stock market was just rich people gambling. It's pension and 401ks etc for millions and millions of dupes.
@@garrettpatten6312 If we live long enough to receive that money that would be a miracle itself.
Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
You are absolutely right 💯
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Does anyone feel this is done on purpose, not by accident?
Absolutely yes, a coordinate collapse of Western fiat with the WEF waiting in the wings
They trying to manage perceptions during the election cycle.
Absolutely down to a plan!
yes!!
100%.
Worse then Europe is Jeff the recesion maniac 😁 and Steven the Bond Clown 🤡🤡
This guy is clueless.
No one will hire him. So he's here making profit off fools on the internet.
So hard to get truth from politicians and fed
Never trust governments. They sacrifice their citizens for the sake of the state.
And the so called media
@@dan-bz7dzmedia taking orders from the top.. politicians too.. so who’s on top.. kinda makes u wonder what the hell is going on?
You spelled impossible wrong
You answered your own question
All of the 'market watchers' confirm new factory orders are down. Well that's because people don't have the extra money to buy new stuff. Everyone is out of money.......
So the sky is falling... again?
As usual.
Videos are good…. But dude the end is near….again.😂😂😂
The end is thigh.
20 min content almost every day is pretty impressive especially well researched
They aren’t finished squeezing every last drop out of the workers for this cycle. When they are satisfied, they’ll drop rates, announce the real unemployment numbers, drop the market and buy everything.
The U.S. is actually in a deep depression... it is onky being hwld up by $1 trillion in CREDIR CARD DEBT!!!
If people didn't have credit cards... there'd be civil war and mass chaos n the streets. People like me working 2 jobs cannot afford to buy groceries or pay their heating bill.
Yep and the credit is gonna run out and unemployment is going to explode, not mention interest rates on the cc.
" If if if"
" If only things were different than they actually are then I would get the crash that still I'm so desperately hoping for because I shorted the market because of people like Jeff. Now I needed to crash at least 60% to make back my levered shorts.,"
Jeff just keeps getting people wrecked year after year.
@@ifh4030 Well the "united" states of murica and king-CONNED-om are in recession since the "global" financial crisis
The fracked up BS data bubble can only last so far, then the peanut butter will really hit the fan....
Not it's not. During the 1933 Depression, 24.9% of the US workforce was unemployed. We are in NOTHING like a depression, and count your blessings for that.
@@joekraska Don't be too proud of your assessment. We'll be in a genuine depression soon enough. Cyclical downturns are inevitable. They've pumped this balloon up so big, the resulting pop is going to be massive.
War isnt cheap , inflation is that tax to pay for it, its two trillion and counting , octopus starts the new fiscal year.the government will need an additional two trillion to add to that. with no government cuts coming.
We all know the election time game.
They had to wait this long to cut to make sure the economy didn’t recover prior to the election because of how pro Republican they are
When you let millions of migrants into your country when the employment is not there for them, your debt is going to increase, then you’ll need to raise taxes for those who do work which will mean less income to spend.
When crime influences retail stores to close, then unemployment rises and your debt increases.
I’d say going to plan perfectly and we are reaping the consequences!
Rubbish.
*Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult*
Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Ricky Wen🙌
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Ricky Wen, has been an amazing experience.
Hello how do you make such monthly?? sometimes I feel so down🤦🏽of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Ricky Wen
Another day another fud day
This time we are finished for real this time dang it.
I was 40k in debt at the start of june, now Im 26k up just from carpentry and painting contracts, met some good contacts and completed some large projects. Keep your head up guys anything is possible
Now wtf that gotta do with me?!
I agree. Ive been doing remodeling/handyman/painting for 20 years and Im booked for months with no advertising. All referrals. People are spending money on their houses.
pants on fire?
@jayc4715 Well, the fact that Jerome Powell has had to get a new gig as a painter will probably effect all of us greatly....
Better save in cash
*$450k Returns the Lord is my saviour in times of my need!!!*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months sometimes lesser and now they are multi millionaires. I pray that anyone who reads this will be successful in life💯
Yes, she does. Ms. Maria Frances Hanlon emphasizes the importance of risk management.
Good lord look at dis foo snaggletoofs!
How much of Germany problem is global economics and how much is the EU's deindustrialization program ?
Most of the woes stem from the countless sanctions that only helped shoot prices up, created shortages, unsustainable energy cost and availability.
Cannot understand, anyone could see that effect will hurt EU more than Russia.
alot of it is the usa blew up nordstream pipeline
And now, from the creators of "Inflation is transitory," we bring you, "No need to worry: all is going well!"
Exactly. They serve Wall Street it seems. Wall Street still wants higher stock prices. Not the time for panic yet.
market tops are like wile e.. coyote after he ran off the cliff but you can stay suspended in air for 3 to 9 months waiting for the drop and even catch an updraft while waiting. then one day it finally comes after you finally start thinking this time is different.
Sounds like what I think blow off top before huge crash for years.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over $2.8million.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Excellent share, just inputted Marisa Michelle Litwinsky on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.
Geez. How many years has he been calling for a crash?
Generally he is right. If we were living in real free market capitalism, a downturn would happen at the end of 2021. Central banks and the US were artificially postponing it by creating new money. But the bigger the bubble - the greater disaster when it finally pops.
@@MrMcSnuffyFluffy He is, has, and will continue to be, wrong. Four years and counting...
Watch something else and quit complaining.
@@wagashiohagihe isn’t wrong! Stop watching
Things Mr Snider has been wrong about over the past few years but isn't man enough to admit:
Oil: He has zero understanding of the Oil Market, WTI, Brent, RBOB, Crack Spread, Contango/Backwardation etc. He tries to sound smart talking about Contango, while falsely stating "The IEA's entire job is to sell oil to the world..." IEA does NOT sell oil.
US Treasuries/Interest Rates (The Bond Market): Often referring to USTs as "safe and pristine collateral", Jeff and his partner Steve rode the TLT Bond ETF down from the 170's before finally capitulating below 100/share.
Inflation/Deflation: "It's not that inflation is a small possibility, it's near impossible because we're in deflationary depressionary conditions...people think there's going to be inflation, but there never is..."
The CPI was 0.1 YoY when he said that on 5/11/20 and he still, to this day, maintains "It was never inflation".
Gold: On 4/18/23 he stated "You can't use Gold..."
Recession: Multiple times Jeff has stated "summertime is the time for recession"; despite the fact that only two of the last ten recessions occurred/started during summer.
WAIT ONE SECOND! You predicted we would be in a recession by the end of the year,......in the summer of 2023!
Are you sure your crystal ball is not a snow globe?🤣😂🤣😂😅🤣😂
Speaking personally, my crystal ball has a hazy spot from when it fell off the desk. Nobody knows, ...except Pelosi.
The crystal ball is just a polished turd.
I mean if you didn't loan so much money, you'd been a recession decades ago
central banks cant predict properly. What makes you think a yt channel that is driven by engagement can? :D Its always gloom and doom and selective perception bias to get them clicks
You ARE in recession since the "global" financial crisis - The BS data bubble can only last so far, then the peanut butter will really hit the fan....
The times are changing. Most economists do not know that more AI technology is deflationary.
so house prices will fall right ?
@@basilmagnanimous7011 The FED will do everything to beat deflation which can inflationary.
All technology is deflationary. The only thing that’s causing inflation is the central banks and fractional reserve banking. No matter how good the technology gets, they’ll make sure the „money” people use will continue to be devalued
Bitcoin fixes this
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.
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 mrkt 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?
Was just in Berlin and things are dire. This is an industrial recession, and people everywhere looking for jobs and no body spending money. Stores and cafes empty, young people walking around panhandling and digging through trash bins
Do you have any videos or photos of your claims? Just want to make sure.
Wow
My friend was in Germany when energy supply was cut off couple years ago. I asked her about what I saw in the news here in America and she said everything was business as usual. Sometimes media here exaggerate everything
This is going on in the US too. Homeless camps and garbage are now normal.
@@k2229Visit Portland, OR and you will see it.
Europe's politicians throwing their own citizens under the bus, tram, lorry and train.
Imma sound crazy but I've in fact seen enough. I'm calling it right here. A global restructuring of the financial system because of a world wide depression in all countries that deal predominantly in US dollars. (Which is 71% of all transactions on earth on any given day.)
Bull.forever
And yet the stick market goes up
Just like it did in 1930 before it fell to ten cents on the dollar.
It is a normal blow off top. The correction is on scheduled to begin in October. Probably this week however.
The world economy is in world of hurt
Time to disband the E.U. and go back to national currencies that can be devalued.
No thanks. F the Escudo.
All we need are ZERO Rates, Mass Stimulus and a dozen other programs
Leading to huge inflation etc etc.
@@reshchak That's what they want disguised in a Crisis.
Sure and a whole buncha more immigrants
That's what got us here, the Feds long term QE position creating a false economy
Geeze I guess you are for Harris... why do you think we are in debt?? Dozens of more handouts????
Unemployment is extremely high here in Sweden.
Er det 8-9%?
it hovers around 7% +-3% for the last 30 years
@@rpersen 25% for 15-25 year olds
Jeff "I'm Not Man Enough to Respond to My Critics" Snider. Debunked.
I guess you're just not as important as you thought 🤔
@@jay90374 Yes, because I'm the only one criticizing him, makes sense.
Allegedly the Solar Flash will wipe a lot the service to self people away.🎉
The EV sector charging Up with lower interest rates. HYLN..12 % gains . Hyliion...LEV 8 % rise.. Lion Electric... Polestar and Rivian up 2 %.. NKLA.. Nikola near 100 new truck deliveries expected Q3.. FREY...Xos Trucks...Plug...Surf Air Mobility...QS .. Lillium Evtol Jets and more. Thumbs Up video) comments. Thanks.
Financial Jesus, here to save us all.
Great content ty.
Its the same content every video. How is that great? He’s been making these kind of videos since the creation of this channel
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.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety.
Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Her name is Jessica Lee Horst. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
What is Lagarde doing to Powell 1:33 🤔
😂
What is the matter with this joker? He seems to be deranged.
how so? you gotta back this claim up, not just say what you think or feel.
You seem to be a troll
@@puffydangon1969have you noticed this is a comment section on the internet?
He is.
@@puffydangon1969
"How so????"
SERIOUSLY??????? He's saying gold is going up because of "DEFLATIONARY" pressures?
This incompetentcorruptsenileOleJoeBribem and KacklingKommieKamala admin is deficit spending 6 to 10% of GDP,.. generating 1 to 3% GDP growth,.. giving us an entrenched structural inflation rate of 4 to 5% (I don't care what the "headline" reported numbers are the real is 4 to 5%),...
on top of an accumulated inflation/price cemented increase of 50% (again don't care the reported is 20%+,.. it's 50%) over the last nearly 4 years,..
and he's saying gold is up about 50% in the last 3 1/2 years because of deflation???????
Stack your Sats and XRP folks
I think most US citizens forget how low Germany's debt is. Germany could spend 2 trillion on the economy and it would just be on par with France and still lower debt than US.
Having debt isn't a good thing. Greece could have spent trillions and still have less debt than the UsA in the 2010's.
@@smeff099 I don't think you understand that I'm talking about the national debt to GDP ratio of a country and Greece was one of the most indebted countries in the world in 2010 and still is today. With the additional 2 billion, Germany would only catch up with the debt of the other industrialized countries in terms of GDP.
@aussteigen I don't think you understand debt isn't good debt is a tool used to enslave. You want Germany to be more indebted to whom?
@@smeff099 I am an absolute follower of Hayek, but I think you are from the USA and understand very little about the EU and that within the EU the debts of the individual countries are increasingly becoming the problem of the EU. In other words, the EU is becoming a debt community. In a debt community, it's like going out with your friends in the evening and dividing the bill between all of them, no matter how much you consume.
Do you forget Germany have laws saying they aren’t allowed to spend unfunded money??
If the US had such discipline, there wouldn’t be a problem.
But generation Gimme feel entitled to freebees all the time.
Another Dow ATH. But lets be bearish hmmK. 😂
Buy all in
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. 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.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
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 ‘Jessica Lee Horst’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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.
LeaveAnyComment &ThumbItUp 4AIgos
The US must take back its self-sufficiency and Devalue the Dollar heavily SPEED UP THE WHEELS!
Devalue the Dollar heavily = very high Inflation. Very unpopular with normal citizens.
The whole world is in recession. Ask any IT member how well their job search is going!
This will last as long as it lasts and then the money will come back.
Round and round it goes..
Very precise political..... RESULT.......... GO........ WOKE........ GO.............. BROKE*
It’s an unsustainable system. Governments spending too much, people buying too much. Endless debt.
Should sell apartment in Finland or not?
Already half a salary is housing cost, cannot afford any fun. Only food and hygiene.
At the fed office: Moe: "Hey Larry , your turn to post a con, er, assuring comment for the public!" .. Larry: "What? It's Curly's turn! I just did it last time! Besides, I just opened my box of donuts" .. Moe: "Oh, okay, well, I suppose there's no hurry" .. : Larry: "Why don't you do it?" .. Moe: "What? I'd have to turn on my computer! You expect me to do something before noon? Get outta town!"
Kudos to this channel for focusing on a macro factor everyone's ignoring: manufacturing is in decline.
Everywhere industrial production capacity is based on - anchored by - Auto Manufacturing
Auto manufacturing is in decline. We're making & selling fewer internal combustion engine (ICE) cars, as the market shifts to EVs. That shift IS happening: recent slumps in EV purchasing indicate that consumers WANT EVs, they just don't want the crap EVs that legacy manufacturers have produced. Tesla is doing just fine, continues to scale production & sales.
Auto manufacturing is supported by a pyramid of systems, parts & material suppliers. Without auto manufacturing, an industry of tool & die makers dies. Sheet metal suppliers die. Parts manufacturers die.
So it's no surprise that - with auto sales down & legacy manufacturers unprofitable, hemorrhaging cash, manufacturing across the board is in decline. This won't be a short-term phenomenon.
1) Most - maybe all? - legacy auto makers will go bankrupt
This is foreseeable, predictable. It's the norm every time a major industry is disrupted by new technology that recreates the product. The horse buggy manufacturers of America & Europe went bankrupt. I've identified only 2 or 3 that survived & made the transition to auto manufacturing (one survived as a brand name only; only two actually re-tooled to make cars). Within a decade ALL the legacy manufacturers were gone, surviving only as brand names on cars made by new companies.
Typewriter manufacturers all died. Those with divisions making other products survived for a while on that, or retreated into other industries with variable fortune. The same thing happened 60 years later to computer manufacturers. It happened to telegraph companies; phone companies; cell phone companies; camera makers. It's reliably predictable.
2) China fully intends to drive this process faster
China has a history, a demonstrated strategy, of choosing industries to disrupt, state-subsidizing over-production, dumping worldwide to drive all other manufacturers out of business, and creating Chinese-dominated monopolies or oligopolies that give China strategic control over rival countries.
China has done this with pig iron, low-quality steel, ship building, basic chemicals supply, pharmaceuticals, wind turbines, solar panels & solar cells, rare earths metals, batteries, battery materials.
China has used massive subsidization by the State, and State-sponsored & funded espionage programs to steal intellectual property (IP) & make Chinese manufacturers competitive fast. It's cheaper & faster to steal IP than to fund R&D for decades.
This is WAR
It's war by other means. If you destroy key manufacturing capabilities in competing countries, they lose the capacity to make the stuff you need to fight a war.
Consider: in a hot war with China, say over Taiwan or in support of the Philippines, the much-vaunted US military will expend over half it's bombs & ammunition within a week. It will lose half it's navy & air force assets within two. What's it going to do then? Order more stuff from China?
If you cannot make the stuff needed to fight a war, you can't fight a war.
You're done before it starts. China's playing the long game, very very well. The west has been dumb.
We'll all look like Australia
Nice country. Zero manufacturing capacity of note. The entire economy is based on mining, finance, agriculture & tourism: that's about it. It's furiously buying military assets from the US: ships, subs, jets. Bully for them: they'll all be gone in a week in a fight with China. Australia has zero capacity to make more. To make even the ammunition they would fire. No tool & die industry, no sheet metal production, no widgets, screws, thingamabobs: stuff. Nada. Fight's over before it starts, isn't it?
Might happen regardless
The history of industry disruption is pretty bleak: most auto companies WILL go bust, and WILL do so by 2030. Those that survive will do so only with massive state subsidies. I'm sure countries will bail out one, maybe two major auto firms in each nation. VW is bigger & better connected politically, but Mercedes is far more viable: it's a toss-up which would get state support. BMW will be absorbed first. Italy MUST support Stellantis. In America GM is a basket case, far more incompetently managed than Ford, but way better connected politically: Ford will be merged in & GM will suck up public tax dollars, again. In Japan there's no way the country will support 5 different companies: Mazda & Mitsubishi will be merged into Honda or Toyota; Subaru is already 25% owned by Toyota. I suspect Toyota will win support, despite spectacularly poor management for over a decade. I doubt any country will support more than one company.
China's driving it faster, deliberately
It's a national military strategy. It's working.
The only defense is to close borders to imports
Either we ban Chinese EVs, which will rapidly escalate into a complete breakdown in trade with China, or we levy MASSIVE tariffs on Chinese imports: 100%, 200% -- whatever it takes. We're forcing consumers to compete with the Chinese state: that doesn't bode well.
We MUST re-tool, rebuild manufacturing capacity FAST
Biden's Inflation Reduction Act (IRA) is a good start. It's a misnomer: it isn't about fighting inflation; it's about providing state-funded incentives to industry to rebuild lost manufacturing capacity, re-shore manufacturing that's been outsourced to China for 4 decades.
That'll necessarily be inflationary
The cost of everything WILL go up, long-term. Short-term we may see recession & deflation, but long-term the cost of rebuilding, the disruption, and an inevitable labor shortage (we're not having kids, haven't for decades) will drive up the cost of goods significantly.
The other thing that'll drive inflation is the demand for capital. The Baby Boom generation has aged out: they're looking for risk-free annuities, not risky stock market investments. That will starve the stock market for capital, at a time when industry will require vast amounts of capital to rebuild. Either the government must print more money (bet on it) or private equity will become much more active, supporting manufacturing expansion but also increasing inequality: the 1% will acquire even more of America's wealth.
AI + Robotics may help
Both will drive labor cost reductions, result in unemployment. They'll enable dramatic cost reductions over labor-driven manufacturing: we're going to see a dramatic reduction in the labor content of manufactured goods & even services. But reshoring will drive an increase in the volume of manufacturing, which should provide more jobs. Hopefully, enough to off-set reductions in jobs per product made.
But they'll drive inequality too: the 1% owns the means of production, the vast majority of the S&P and NASDAQ. Private equity owns the vast majority of private companies. Wealth will be concentrated. And IT will - as it always does - drive monopolization of industries. This doesn't bode well for social & political stability.
And Starmer has to follow orders by bringing us closer to this disaster. Brexit is the means of distancing, if allowed to operate as intended.
You said the US is not far behind... Dude, reality on the phone for you...
I've seen tons of YT videos of monthly rent prices in the US starting at $1500... guess what... we don't have that in Europe!
Spread to the world??? The world has moved on from Europe since the US Pipepiper 🎶
You keep calling a possible recession "dangerous". A recession is not a good thing for most people, which we know from the many, many recessions we have lived through. A recession would hardly be dangerous, though.
Guess importing all those "workers" didn't help?
Recovery based on what? Ukraine was still going, energy still expensive.
This guy is so bloody depressing to listen to, seriously every time I try he creates a mini-recession in my home, how about you shine some light sometimes to mean reverse your bad shit that doesn´t help investors make money at all. GDP up, Liquidity Up, Inflation Down is fucking sky rocketing markets its not so hard now is it? Trade what's in front of you not what you want it to be ffs.
I don’t think there’s really anything you can put your faith in of this world. You can’t put your faith in money you can’t put your faith in politicians. You can’t put your faith in friends. One day we’re all going to die. The question is, are you ready for what comes after this world? I think this is a way for God to get our attention to say nothing you’re doing is working, trust in me. For God, so loved the world that he sent his only begotten son that whoever believes shall not perish, but have everlasting life. For all our righteousness are like filthy rags before God. He sent his son into this world, not to condemn it, but to save it. Jesus Christ is the way the truth and the life, and no one comes to the father, but through him. If we put our faith in Christ, I guarantee that he will hear our prayers and heal our lands.
Snyder again spreading fud. What's new? All the while his followers miss market opportunities.
In other words the "soft landing" is as likely as seeing Bigfoot riding on the back of Nessie!
Confirming from Portugal, 💩 is about to Hit the Fan....
Printing all that gazillions of dollars must have consequences, and we all going to suffer because of this-globally.
The bond yield curve just crossed into positive. The banks bought a huge amount of Treasuries with covid relief cash, just before the yield conserve inverted. When the banks get to the point they can finally sell those bonds and make a profit. With rates cuts and a massive influx of money into the economy that spells hyperinflation to me!
I listen to this because he’s the smartest person who I completely disagree with.
Gold is going parabolic for the foreseeable future.
Correlate to your market just so we know is the market worried there? What is it doing in correlation to your answer today? Where's the confirmation? How overvalued are your markets done? Give us a number
And yet the markets go higher and higher! Stay poor bears!
Thereis not even a disaster in Europe, lol. Anyone listening to epthese guys, would have lost tons of money.
You’d think with the surge in migration recently that the employment market would be thriving!
Brilliant discussion, thank you
Thank you Sir
I've never believed that a soft landing was possible.
Food shortages soon 🟥🟨🟪
Planned food shortages.
Thanks big guy!
And the issue of a flood of immigration has nothing to do with anything negative?
If you call a recession every year, at some point you will get it right. Keep trying.
Incoming: Lost decades of stagflation like Japan for the last 30 years.
The us fed is playing no win game, brics potentially may have outsmarted them by bringing in a gold backed currency.
Bad money drives the good out of the market. What are they thinking?
look on the bright side, we have Hollywood
Everyone can have a Diddy party 😅😅
well, get in bed with a war bug, wake up with war bug bites
May I write? Merci UA-cam Censors! LEARN TO BIRTH LIKE LA VEDETTE de la Catégorie LES CIEUX! How I wish these Tyrants would have recognise THE GODDESS! Marylin Monroe In Heaven.