The State of the Economy | David Rosenberg and Jimmy Connor
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- Опубліковано 21 жов 2024
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Thanks for joining us today! David paints a very negative picture of both the U.S. and Canada. Do you agree?
No worries! If you're the US Government, you simply change the definition of the various economic indicators. _Problem solved!!_
I agree 100%
Joe has a backup plan, we all should enjoy the time we have left.... THREADS
@@ChiIeboy It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel! (so true)
@@billcarney829 It's Jimmy Connor, thanks for joining us today Bill and for the comment! Be sure to Subscribe to our channel!
David nailed it when he said the US economy is a 'mirage'
It's Jimmy Connor, thanks for joining us today and for the comment!
❤
Unemployment numbers only included those actively looking for jobs. If they arent, which a lot stopped, they arent counted.
An economy that produces less and consumes more, save less and spends more and taxes less but outspends…it’s more than a mirage it’s a phony economy
Another great vid! I Appreciate the fantastic content you put out! Keep it up 🤙❤️💃🏽😎
I love Mr Rosenberg. I will be 74 in July. I have listened to many economic experts and he is among the most trusted and brilliant. Thank you so much for the wonderful interview !!!
It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content!
Really? What has he said that you found insightful? From what I have seen David says the same things everytime the only thing is he might change the narrative with cherry picked data. The economy sucks, buy bonds, DDD (debt, demographics, deficits) will destroy us, stocks are overvalued, a recession is imminent. Stock market at all time highs, unemployment near/at all time lows, bonds crushed, immigration at highest rates, etc etc. When has he ever been correct?
In heaven there is not economy get ready you qualified anyday
@@ChrisVanSlykeCVS When has it ever changed? 🤣😂😉🙂
Mr. Rosenberg is one hell of a seasoned and smart man.
It's Jimmy Connor, thanks for joining us today Larry and for the comment! Be sure to Subscribe to our channel!
Yes, he is just not good at predicting the future.
David Rosenberg's REALISTIC insights are always most interesting.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Affordable Care Act (ACA) became law 14 yrs ago. Can you think of anything about healthcare in the US that has become more “affordable”?
The ridiculous “Inflation Reductionn Act” is not going to reduce inflation either. It’s window dressing for gullible voters.
This guest is brilliant and clear speaking.
It's Jimmy Connor, thanks for the comment Richard and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
My opinion is that the problem is the corruption in the government, in all levels, you name it. The bad thing is we try to look the opposite side , and Ignore the real problem
Only sensible person here.
It's Jimmy Connor, thanks for joining us today Jaime and for the comment! Be sure to Subscribe to our channel!
You think government corruption is a new problem?
Who own the Fed?
(it has nothing to do with Gov’t)
IMO
@@snowyowl6892 the Fed isn't independent from the Gov't...the Jamie Dimon's, the Larry Fink's, those who are in Lockheed Martin, Raytheon, Boeing Navistar, Honeywell, Northrop Grumman and every single politician ..they control it all.. It's one big group and the people continue to get it wrong.. always looking for a wild conspiracy theory.
The US is the World Order and has been since the 1945 ally Bretton Woods agreement. The Gov't has confiscated gold from the people back with Roosevelt, forcing payroll taxes, telling us to invest in their bonds ..it's all been planned by Gov't to control the sheep
This is must watch for all Canadians. No one realizes how weak our economy is and have been for many years. Trudeau and that other guy a joke.
It's Jimmy Connor, thanks for joining us today Patrick and for the comment!
Other guy being PP? They are all the Uniparty.
A bad joke.
globalizing the currency has consequences
Canada was showing the signs 20 years ago... That's why I packed my business and left....Ppl were saying I went crazy....Today they ask me how did I know it?
I want to diversify my portfolio worth around $200k, i'll be buying some Tech stocks, what are some new gen stocks i can add to my portfolio to get reasonable increase and protect my future
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
pls how can I reach this expert, I need someone to help me manage my portfolio
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thank you, David, for sharing your detective-style economic analysis, and lucid communication skills.
It's Jimmy Connor, thanks for the positive comment Julio! Don't forget to Subscribe to our channel and thanks for your support!
"Things are not always what they seem on the surface." That statement sums it all up, I fear what comes next for alot of folks
We (USSA) is not entering recession with high employment.
USSA is entering Depression with VERY HIGH real UNEMPLOYMENT.
We have no growth other then gov spending and gov ‘job’ ‘growth’
It’s not a mirage, it’s a deliberate malicious illusion 😮
Planned collapse by our fascist leaders
Yes, it’s a deliberate malicious deception.
Rosenberg has the amazing ability to be correct about certain things and completely clueless on others. I attribute that to basic misunderstanding of inflation in the financial world, and the widely held belief that it is a sign of "an overheating economy".
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Great to see this being done 'in person'! 👍
It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content! Would you like to see more in person content?
There were no mistakes. Just a plan .
Q
I agree
So if you KNOW their plan
Make YOUR OWN PLAN to strategize and PROSPER.
God speed!
Q❤
Nobody believes it anyway..I was always saying that the USA was sold in 1913...and wealth grab never stopped...today there is nothing left to steal...so the "big business" will left USA to die...
@@hrhtreeoflife4815 Amen!
The fiat dollar is the new wooden nickel from the company store. The PEOPLE have become slaves to the system like working in coal mines. Keep the PEOPLE in debt and they can never get free from the system. Why sell your commodities from Goldistan for wooden nickels?
100%
Why can't people see what's happening? When I was younger I knew nothing about "markets," about how things are valuable then tarnish over time, or over down cycles. We are fed daily readings of the stock market, but they don't really tell us much about where we are heading . . . until its too late.
Pierre Trudeau introduced the capital gains tax. Before 1972, Canada had zero capital gains tax. Any politician who reduced capital gains tax to zero will attract all the world’s best businesses to set up shop in Canada and produce more growth and jobs and put the country on track to surpass UAE, Dubai and all other oil rich countries.
It's Jimmy Connor, thanks for joining us today and for the comment! Agreed 100%!
Nobody wants to live under a soft communist dictator
I respect Kim Jung un more than Trudeau. Does more with what he has…
Are you delusional? Eliminating capital gains taxes may attract corporate oligarchs and aristocracy, but the only thing that trickles down will be their piss. They're not going to create jobs, they're going to use AI, automation, and offshore the work to Indians who will gladly work for a dollar an hour.
Respectfully, Mr. Rosenberg, when did you last visit a local Supermarket and do the family food purchases ?
Rosenberg is a phenomenal educator who is correct from my perspective as long as interest rates start declining in September. The economy can only get better with access to lower rates. I hoped he would paint an alternative to the anticipated rate cut that everyone has priced in. Already the anticipation is pushing up financials.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Human behavior never changes, most people are in denial but number don't lie
It's Jimmy Connor, thanks for the comment Franklin and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Numbers are manipulated though, so check your sources.
Please… the issue is ALWAYS a SPIRITUAL PROBLEM! Get it?!
The U.S. savings rate is low - mainly because of private healthcare costs… insurance costs are outrageous 😮
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. It's the same in Canada. Insurance on everything is stratospheric.
Insurance costs are crazy in Australia as well . For our home $1000 four years ago and now 7k +.
Wow. I stumbled across this and Mr R. is absolutely right about the US.
It’s good to hear the truth
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Yes, they're "human beings & not machines" except given the fact they don't live in our real world economy & fail to understand the average household. Inflation was never transitory, the average person knew that inflation was knocking at the door!
i used to work with David. Love him, great guest.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I will get David back soon!
So many economists are in agreement with Mr. Rosenberg, That I have to conclude that so many may no possible be wrong. I do have to ask, will we be doing better if we had not financed all these unnecessary wars that we fought in the last sixty years?
Is the sky blue?
Ok crazy man, it's 2024
Another question about war to consider is, how many wars have we not had, that we avoided, because we paid the price of war we know and did have?
Those ears have saved the dollar. Imo.
Time to re-read George Orwell, and look closely at the pigs that are more equal than others!
Love Rosey. Listen to this man, he speaks truth.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! We will get him back soon!
Great, great interview! Really enjoyed what he said about changes in consumer behavior. Never heard of 'plating' but I think I will have to start doing that with my wife.
It's Jimmy Connor, thanks for joining us today Frank and for the comment!
My wife hasn't allowed me to "plate" her for years. More's the pity. Yes, outstanding interview.
@@AudioPhile-i1b If your wife is gaining weight, you have my sympathy. If she's losing weight, well, then I kind of see her point.
Good conversation. Thanks for sharing!
It's Jimmy Connor, thanks for joining us today and for the comments in the chat!
Mr. Rosenberg is right on the money!
The only reason job rates are low is because people are working 2 and 3 jobs trying to survive and put food on the table..
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Your comment resonates with me, given I am working 2 jobs. Don't for get to Subscribe to our channel and thanks for the support!
Fake#$❤lying collectivist marxist source❤
To quote a statement I heard a man say: "I know there are plenty of jobs out there because my wife and I have four of them".
This is good info. They 'revise' everything down! The stock market is not the economy. Everything is looking worse.
It's Jimmy Connor, thanks for joining us today and for the comment!
GDP , the borrowing from fed to treasury. Included. Billions.
I'm seeing deflation at the grocery store and online shopping. I got boneless chicken breast for $2.98 a pound. I got a huge tub of mixed green for 1.99. I got Italian bread for 40 cents and 69 cents for sliced. I got a rotisserie chicken for $3 and canola oil for $2.50. I've pretty much stopped dining out. Im making meal at home for about $1 per meal.
I stay near home. I shop local. I spend very little on gas. I'm using the ceiling fan instead of AC.
My friends who can't pay their taxes, credit cards, child support, or mortgage are taking vacations and going over an hours away to drink with buddies. Feels like 2006.
It's Jimmy Connor, thanks for joining us today Annie and for the comment! Those prices seem cheap. Where do you shop?
@@BloorStreetCapital Ingles and Walmart.
@@anniealexander9616 wow we shop at Walmart and Costco but I dont see those prices.
@@BloorStreetCapital Check for discount shelves and reduced price stickers.
I ve seen the opposite: $9.99 for a watermelon, 8.99 for a case of water, 9.99 for a 12pk of cokes(12 oz. cans) and 4.99 a lb for boneless chicken breast , 4 pcs of corn at 5.99, romaine lettuceat 3.49, this is at Alberstons/ Safeway.
Thanks for spelling out the reality to the people
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
The U.S. unemployment rate is a lie.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Inflation causes people talking more than one job.
@@Evertraveller Oh yeh!
@@BloorStreetCapital are the 17million illegal invaders considered in the unemployment numbers?
The unemployment rate is no longer a useful statistic because so many people are not even looking for work, the most useful number is the number of people working. The other problem is government and healthcare jobs really don't add value they are a drain on the economy.
Thanks for the interview james
David is a wealth of knowledge
It's Jimmy Connor, thanks for joining us today and for the comment! Appreciate the support!
Excellent information from Mr Rosenberg...every time he utters the word ''Canada'' it could be replaced by ''Australia'' and would remain just as accurate. We are in the same leaky boat, just trying to remain afloat.
It's Jimmy Connor, thanks for the comment Chris and for taking the time to view our content. Are things that bad in Australia? Don't for get to Subscribe to our channel and thanks for the support!
Minus out the government spending this economy is in a downturn.
It's Jimmy Connor, thanks for joining us today Michael and for the comment!
No one ever does this...ppl are exceptionally dumbed down.
Yes, I believe that's what the interview subject in the video said. Several times.
@eyesuckle lol i just watched the first few minutes. So that's good
So…. How do we prepare?
In 1983 my home purchase was low but the interest was high at 14%!
That's probably better than what's going on today. These home prices are silly. I can't believe folks are paying it!
U.S. economy has been a mirage since 9/11, and maybe going back as far
to when Nixon took us off the gold Standard. I graduated HS 50 years ago
this week. The 1970's were rough, the 80's thru mid 90's were a great ride. Since 1998
things have been bumpy for main street. The govt has messed with the way we figure the
economic #'s to the point they are meaningless.
2000
Nixon allowed the dollar to float.
1929 to 1933 was transitioning off the gold standard.
Thank you David! This is a master class!
It's Jimmy Connor, thanks for joining us today Michal and for the comment! Be sure to Subscribe to our channel!
He's telling the truth, it needs said
Mr. Rosenberg is correct. The stock market is a short term casino like reaction it does not reflect the health of the economy
It's Jimmy Connor, thanks for your comment! The stock market, cryptos, sports betting all the same thing.
Perhaps more pertinent is that a huge proportion of the investors are outside of North America, and a huge proportion of the companies are global concerns with non-North American supply chains and workers.
Many thanks to @DavidRosenberg for his excellent and sane analysis of what is happening in the US and Canadian economies. I was very surprised to know that the population growth in Canada is 0% (zero) without immigration, and if there was no immigration, the Canadian economy would keep contract at around 2% per annum! And, he makes such an astute observation that immigrants require a roof over their head the moment they land, whereas a baby born in Canada, organic growth, would require a diaper and pacifier but not condo, house or apartment. And, by the time they are 18 and move out of their parent's house, the natural death rate would take care of his housing need because someone will have either moved to a smaller / assisted living space or moved on from Earth. It would not create the housing shortage we have which is driving the prices to such highs and affordability going out of the window. Wonderful discussion. I hope @DavidRosenberg is brought in every 6 months, if not quarterly to give us the lowdown on the US and Canadian economies, and a sane look at the World rather than all the economic propaganda we see in American and Canadian MSM. Thanks!
furthermore, those illegal invaders aren't working so the government is spending on them, till at least the election
This gentleman was spot on!
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
Excellent and informative interview!
It's Jimmy Connor, thanks for joining us today Pauline and for the positive comment! Be sure to Subscribe to our channel!
Thank you gentlemen. Very informative. God bless.
It's Jimmy Connor, thanks for joining us today Lawrence and for the positive comment!
I was confused until at the end he said he was bullish on commodities. Commodity equities is where the biggest gains will be in the next couple of years imo
Thank you for an insightful interview. 🙏🏼
It's Jimmy Connor, thanks for the comment Grace and for taking the time to view our content!
25 trillion economy and 34 trillion in debt. So economy is really -10 trillion in the hole.
👍🏼😉🎯
For a Canadian this guy is spot on for us market
It's Jimmy Connor, thanks for your comment Kevin and for taking the time to view our content! David is one of the best!
No ones talking about the Petro Dollar contract that expired today June 9th 2024 with Saudi Arabia and the United States. Why is no one speaking on this. This could impact America in a Major way
Only on YT channels
@@foilrider2000lol
Just like tiktok, if you report anything not by top rich, they will silence the public. Just like Israel
Long run, it will slowly erode dollar strength
andy schetnet talks about it on kitco
Great interview, and Mr. Connor did a good job of just listening, and not interupting.
No mention about the effect on the US economy that war financing for israel and ukraine is having, not to mention the formation of BRICS and the future effect of de-dollarization on the american and Canadian economies.
It's Jimmy Connor, thanks for joining us today Alex and for the comment! You raided some good points that I will bring up during our next discussion. Re BRICS insignificant, it will not happen in our life times.
Deflation is always right around the corner with this guy.
Finally a refreshing truth the stock market is no indicator of the economy
Fantastic interview. Thank you.
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
Good sure feel good to see this with my own eyes I feel nothing, nothing everything the same to me?
This economy has changed so much. 40k used to be middle class and now it feels like 70-100k is the new 40k.
It's Jimmy Connor, thanks for the comment Steve and for taking the time to view our content! SO true! $100k hardly covers the expenses and if you have a family or 3 or 4, oh boy.
100k. Is poor
Great interview Jimmy, I love to hear from David on his text about the economy. One thing I will disagree with David is that taxes are inflation. When hospitalization, medication and schools, etc have to spend more money on supplies, labor, etc. they come back to you with higher taxes “ because” of inflation. As a matter of fact, government of any size is inflationary that is why our forefathers envisioned a very small and efficient government. They envisioned a government to stay out of our lives and our pocketbook as much as possible.
It's Jimmy Connor, thanks for joining us today and for the comment! Great point!
Property taxes are used to keep counties functioning. Not inflation? OK, call it lack of efficiency.
Counties are price gouging. I fought my property taxes for 6 months and won.
@@anniealexander9616 good for you Annie, even local governments are monopolies, but at least they can be controlled by local citizens voicing their opposition to overtaxation.
The best point he alludes to is around 30 minute mark. My salary looks good to the average person, and yet when I look at prices for Jays games, concerts or even theatre shows in Stratford and I wonder who in the world is paying these prices? So it’s only the high end earners. And that spells trouble in the months ahead.
Weak productivity in Canadians' populations, ending of the 50-years PetroDollar Agreement on June 9 2024 between Saudi Arabia and the US, stagflation future, and low birth rates ..... these are not surprisingly reality checks, they were in the making for decades...
It's Jimmy Connor, thanks for joining us today and for the comment! Yes it don't happen over night but the question what are we going to do about it? I don't think anyone wants to implement an austerity program to fix it. That would be political suicide.
I've been doing my best to repopulate the planet, but I've just seemed to have hit a dry spell!
David is correct like in the movie "The Big Short". "I'm not wrong just too soon." Especially important If you are a buy and hold investor. Still waiting......
It's Jimmy Connor, thanks for joining us today and for the comment! Yeh it's the waiting that can kill you. Time will tell.
David also said a few years ago in an interview and I quote “you can be right, but if your early your wrong”.
Only thing I’m buying is gold and platinum.
I only half trust silver.
This man is 100% correct, and you will see it in October after the BRICS summit.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Always enjoy speaking with David!
We have to stay with high interest rates. Inflation is the only way to eventually work out if this. Most people don’t realize this.
It's Jimmy Connor, thanks for the comment! I think you are right!
Wonderful show. Great guest Rosenberg
this man is spot on i started sharing food too lol
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Thanks for a reasoned explanation of today’s economy.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
If the politicians quit spending like drunk sailors at a women of the nights house 😢
It's Jimmy Connor, thanks for joining us today and for the (funny) comment! Be sure to Subscribe to our channel!
Great interview Jimmy. Simple and effective 🙌
It's Jimmy Connor, thanks for the positive comment Padraig and for the ongoing support!
Can the US afford to lower rates, which will drive down new bond yields? Don’t they need to attract new buyers to finance the growing debt needs?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. They must get IR down. The US cant afford to pay 4-5% interest on $35 trillion in debt.
I am not a investor, I am not rich
I live in Canada, do we have in Canada
the political will to take responsible
decision concerning our economy that has
to be taken now even if it hurt?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Talking about stimulus checks. The us government gave me $1400 ok. Next year my tax return was double and i paid back the stimulus check with the interest 😂Its all lies and financial manipulation.
Correct
He mentioned all the revisions which is significant
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
It's a delicate season now, so you can do little or nothing on your own.
Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
incredible, a fantastic start to financial independence! How can I contact your FA.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with *Whitney Kay Stacy* for the last five years or so, and her returns have been pretty much amazing.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Whitney.
Great interview. You are way to generous with excusing the feds poor performance. They have been a wrecking ball since their inception.
David, please remind people that Recessions aren't a Bad thing! They help remove some of the Mal-investments that taken place over the last 10 to 15 years.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
without wars escalating and other external factors.. considernig all the data employment etc how long are we for deflation or growth to zero?
Thanks for the comment and for taking the time to view our content! If there is anyone else you would like to see interviewed on our channel please let us know.
40:05 you talk about AFFORDABILITY of housing. You talked about the three factors, home price, income, interest rates. ... Maybe it's about the size of the home, the needs of families. ... Maybe our expectations have exceeded our budgets. Maybe "our reach has exceeded our grasp."
I don't know about CANADA, but in the UNITED STATES, where everything is bigger, I see very few 3/1 homes on a quarter acre being built. ... EVERYTHING SEEMS TO BE FOUR BEDROOM, THREE BATHS.. It's like the idea of PLATING that you mentioned earlier in restaurants. Maybe we need to PLATE our homes in such a way that we deal with a three bedroom one bath home for a wife and two kids.
Maybe a three-bedroom two-bath duplex townhome is sufficient for a family of 4. Maybe we need to go back to levittown, Long island. Three bedroom, one bath, fenced yard, throw in a mutt instead of a $2,000 goldendoodle. ... Maybe we need sound money.
Very informative interview and recommendation at the end.
He is correct. Ehish more people would hear him.
Im glad the demand for oil is low. I don't think anyone can with stand oil costing $100 barrel...
This conversation has nailed literally everything I've been reading. I am in cash, and wondering when to get back in as I see S&P 500 still rising. This makes me a bit more comforatable that I might be making the right decision, while seeing a loss in short term gains.
Good analysis but disagree with the conclusion to go long on long term bonds. That's because the US economy is breaking before China and other developing markets. Alternate monetary systems have sprung up and the world no longer fully depends on the USD
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Wow this Man is incredible 😮❤
How does a 4.5 interest rate yields 20 to 30 percent in a year. He is right I do not understand bond yields.?
It's Jimmy Connor, thanks for joining us today and for the comment! That makes 2 of us!
"Sticky"
Why not use accepted Accounting Terms
"Fixed" and "Variable" Expenses.
David says go into bonds, why does he think rates will come down? I'm not saying the FED won't cut, but that is not what makes rates go down. The FED is usually just following the 2 year step for step.
It's Jimmy Connor, thanks for the comment! David thinks we are going into a deflationary environment and therefore the Fed has to cut and this will take bonds higher. Don't forget to Subscribe to our channel and thanks for your support!
Bonds, wow.
David is one of the smartest people in the financial industry.
It's Jimmy Connor, thanks for the comment Arnold! I always enjoy speaking with David.
In theory, higher interest rates drive up rent prices and lower interest rates lower rentals. Again, in theory higher interest rates reduce the demand for real estate and sellers may have to accept lower prices.
It's Jimmy Connor, thanks for joining us today Roland and for the comment!
Rosie is doubling down. Love it.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also 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..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Ignore interest rates and look at money supply. That will determine price movements. Depending of course on growth rates that absorb increased demand due to money growth. True, interest rates determined by central banks tend to change to the opposite direction than money supply but this is not always the case. (Especially in times of strong inflation or deflation it is real interest rates that matter for this inverse relation to hold).
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I recently had a chat with Steve Henke and he says the same thing about MS but the Fed never looks at it.
Stagflation, slow growth, extremely high inflation. If they lower get ready for super high prices in food, and other necessities. A guy like him doesnt care about inflation, he wants lower rates because he'll just get richer, owning assets that do well with inflation. Meanwhile the middle class will just become poorer as the Government goes into even more debt, and the debases the currency.
It's Jimmy Connor, thanks for joining us today and for the comment!
That's rather cynical. I doubt that Rosenberg needs more wealth. However, there are plenty of new retail traders who want lower interest rates. They have not been burned yet.
If Canada ever wants a stronger economy in the long run rates need to go up.We are in for a decade of pain.
I completely agree. These billionaries do not care. It’s only about themselves. That’s how they have gotten all that they have by controlling, hypnotizing, exploiting, abusing, lying, deceiving the masses. The illusion continues. He knows exactly why and what is happening with the us and canada’s economies and what the end goal is. I am incredibly weary of his advice at the end or the so called advice given by the wealthy cabal “elite”(nothing elite about them). Sometimes, I think, doing the opposite of what they say and do might serve us better. Realize they want the old world order to die, and so with everything they do with the economies is to facilitate the emergence of their dystopian, totalitarian new world order.
I have been listening to this sort of prediction for 6 decades and not once has anyone got it right. Stagflation in the early 70’s? Nope. Economic mess in 2008? Nothing. Pandemic induced inflation? Nada. The key driver of any economy is people going to work. We’re doing ok.
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $146,000 outside funds in my IRA to invest. Pls how do I take advantage of this?
Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.
Well, Market experts sure provides an edge in investing, Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
Well, Market experts sure provides an edge in investing, Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
19:29 I'd have to say you're mistaken there. It's more likely Disinflation not Deflation.
I feel inflation is the cause of all increases like property tax,insurance and houseing unlike how he thinks it does not affect these.Interest should be increasing for a stronger long term economy.Lowering rates is just delaying the pain.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Rosenberg is in my opinion also wrong about interest rates not affecting sticky inflation they do in fluence sticky inflation things like insurance payments on the housing or cars but in a more subtle and slower acting way. When high interest rates cause a surge of unemployment and people buying cheaper cars and less new cars because they can't afford their credit card bills or their credit card interest payments are eating up all their budget the price of cars new cars and old cars eventually goes down. The same applies to housing and the price of new houses. People do Buy less insurance when times are tough. I know some middle income people who have stopped paying for insurance on their house even though their house is their largest asset they're just willing to take the risk and they don't have a choice. As far as cars and car insurance is concerned a lot of people are choosing to go with higher deductibles and less overall coverage. This causes competition among insurance companies and causes them eventually to lower rates. So it's not that high interest rates don't affect sticky prices it's just that it takes a little bit longer.
So I track returns for my retirement account. It has done fantastic this year. Current pacing is for an exceptional year.
So maybe the overall economy is anemic but the S&P 500 is doing quite well. I wonder of this is because the emphasis here has been to benefit the investor class here to facilitate the transfer of wealth?