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
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Julianne Iwersen Niemann is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...
China REALLY doesn't want that. Manufacturing for exports are not simply a 'trade' issue for China, but a critical jobs program that is fundamental to the stability of its society. By putting people to work in factories (EVs, solar panels, etc.) China can keep the population pacified through steadily improving standards of living. If export manufacturing stops, the house of cards collapses. Their inability to kick start a Chinese consumer class & the 'ponziness' of their domestic real estate investment highlights their dependence on exports & ultimately its internal fragility.
@@shsal110nice speech but the Chinese government was already having a hard time filing those manufacturing jobs thus the reason why they have 12 times the automation the USA does these days As for their real estate/over heated markets and speculation It was their Government that was the one who started to cut off money flow to developers soon to be 15 years ago Why you might ask? In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 12 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
@@shsal110 Should really be asking who will be more likely to give a Universal Basic Income I’m putting my money on the Chinese who just recently took state owned money, assets and companies… putting them into a new National pension fund 👇 Can Artificial Intelligence Solve China's Demographic Crisis? * Only a few years ago people were arguing that a shortage of labor in the Pearl River Delta and Yangzte River Delta, the two most developed economic zones of China, would push up wages. Yet, even before the workers have had a say, the robots have taken their place and a robotic revolution is underway. * From manufacturing to the service industries, little-by-little robots are approaching the daily activities of human beings. In brief, AI is an irreversible trend. As some have predicted, when robots are fully applied, China will cut more than 240 million jobs. According to the UN's forecast, two-thirds of the labor force in the developing world will be replaced by robots. WorldCrunch
Most housing requires some level of investment. Isn't the real problem who ends up owning the property? The problem isn't individual owners with mortgages, we need more of those. The problem is institutional investors with rentals. What should be limited is long term rental properties. There's opportunities for joint ownership models that get you into the (have rent but no) start up capital markets. The game of creating enough supply to satisfy demand is helped greatly by start up capital. It's a pretty good investment in the national economy, if everyone gets a piece of the action.
@@grQTbVMrZ Exactly, we should make closing costs and interest rates less for owner occupied and increase both for rentals. REIT’s should be restricted to apartment complexes and commercial buildings; SFR’s purchased by them are usually removed from the market forever and has a negative effect on neighborhoods.
China doesn't ship what you didn't buy. You're the one paid for the product and paid the shipping fee. Blaming China for exporting what you bought is kinda interesting.
Hypothetical Example: If the GDP is growing at 2.5% annually while the deficit is increasing by 5% annually, this might indicate an issue, as the economy isn't expanding fast enough to offset the debt growth. Conversely, if the deficit is increasing by 1% annually and GDP is growing by 2.5%, the economy might be considered to be in a relatively healthy position. In the 1950s and 60s, the U.S. had trade surpluses or balanced trade, but deficits began to grow in the 1970s. Today, the significant trade deficit is mainly due to the decline in domestic manufacturing, influenced by political negotiations and trade agreements. This situation is worsening and could significantly impact how Americans live and the value of our currency.”
You misunderstood it. Trade deficit would be covered by external debt. And the ability to issue external debt (or another words to obtain external capital) depends on future export, or at least the rest of the world believes so. GDP is the measure of value of how much your material/economic life gains. The size of GDP is much larger than the external deficit, and these 2 don't have to increase/decrease at the same pace. Your GDP could be double last year. But if you lost all the abilities to sell something to the outsiders, then a tiny increase in import, thus increase in deficit, is very worrisome
That also leads to low inflation like 2008 to 2020 forcing the FED to cut rates and increase easy monetary policy with QE and that leads to inflated value of housing and real estate = the cost of living struggles. Also the loss of manufacturing is a loss of middle class life style for low skilled Americans and replacing it will humiliating low income from Retail or services like package delivery and so on, menial tasks instead of a respectable manufacturing path
You need the homes where the work is, otherwise you will never achieve productivity growth and never recover your gdp. Continue to print money against treasury bonds to inflate your economy to give an illusion of growth. Your wealth isn’t increased by homeownership, it’s increased by home investment.
I stopped buying anything that isn't essential a long time ago. I find myself far better of than before. Not surprising really. If it were trendy we all would benefit.
It’s already a mini trend. I’ve thought about this a lot. While I still do a fair amount of consuming, I’ve also bought a fair amount of household goods like furniture and clothing secondhand. What started out as a way to save money when I was young and not earning much became a lifetime habit. I haven’t even owned a car for most of my life because I didn’t need one. When I bought one for hiking trips a few years ago, I ended up selling it when I realised how little I used it. A lifetime of grocery shopping on foot had become such an ingrained habit that it seemed ludicrous to actually drive to the store. What happens to the economy if the majority starts consuming as I did, and mostly still do? I’m not making a value judgement, just asking. As I earned more, most of my spending shifted to services, to things like dog walkers, vets and groomers, house cleaners, gym memberships, evening courses and to consumables like electronics that lose their value over time. I’m not rich, more like middle income, and at the lower end of that. My spending just shifted towards things that we once thought as the domain of the wealthy because I was saving by not spending it on other consumer goods. And in some cases saving time. Now, what happens to the economy if we stop buying nonessential stuff and nonessential services? Again, this is just a question to which I don’t have the answer. You can be just as happy without consuming or mindlessly following trends. I was probably happiest as a poor student technically below the poverty level, so I’ve never equated money with happiness. But many people do and that’s what’s running the machine we call the economy.
Buying things when it's not really necessary, even only small & cheap stuffs, not only hurt the wallet, but also has negative psychological consequences. It's nothing different from surfing stoopid tiktok short clip for hours. The small short excitement, the dopamine please us for a little while and then make us addicted. The longer the process, the less funs but then only burdens, psychologically.
The Economic Crossroads: Trade, Ports, Housing, and Insurance in the U.S. The U.S. economy stands at a critical juncture, shaped by intertwined challenges that touch trade, infrastructure, housing, and insurance. These issues, though distinct, collectively reflect the pressures of globalization, climate change, and domestic inefficiencies. Each deserves attention to ensure sustainable economic growth and equitable access to essential resources. The Role of the U.S. Trade Balance The U.S. trade balance-representing the difference between exports and imports-serves as a barometer of the country’s economic health and its role in the global economy. A persistent trade deficit has fueled debates about its long-term implications. On one hand, importing more than exporting reflects strong domestic demand; on the other, it highlights the erosion of domestic manufacturing and dependence on foreign goods. To address this imbalance, the U.S. must invest in competitive industries, foster innovation, and reevaluate trade agreements to ensure mutual benefits with global partners. Inefficiencies at American Ports American ports, vital arteries of global commerce, have struggled with inefficiencies that disrupt supply chains and inflate costs. Aging infrastructure, outdated technology, and labor shortages exacerbate delays. These challenges were particularly evident during the COVID-19 pandemic, as bottlenecks paralyzed key ports. Modernization efforts, including digitization and automation, are essential to improve efficiency and competitiveness. Furthermore, a collaborative approach involving federal investment, private partnerships, and labor unions is needed to overcome these systemic hurdles. The Crisis of Homeownership For millions of Americans, the dream of homeownership is slipping further out of reach. Rising property prices, driven by limited supply, high demand, and increasing construction costs, have collided with elevated mortgage rates, creating a perfect storm of unaffordability. Compounding the problem is the stagnation of wages, which has failed to keep pace with inflation. Policymakers must address zoning restrictions, promote affordable housing development, and expand access to first-time homebuyer assistance programs to alleviate the crisis. The Surging Cost of Property Insurance Property insurance, once a manageable expense for most homeowners, is now becoming a major financial burden. Climate change has amplified risks, with hurricanes, wildfires, and flooding causing record-breaking losses for insurers. States like Florida, prone to natural disasters, are particularly affected. Insurers, facing mounting claims, have responded by raising premiums or exiting markets altogether. This leaves policymakers with the challenge of balancing the needs of insurers and policyholders. As Florida Insurance Commissioner Michael Yaworsky notes, innovative solutions such as risk-sharing pools, reinsurance programs, and climate-resilient building incentives are critical to creating a more stable insurance market. Conclusion The U.S. economy is at a crossroads, grappling with issues that demand urgent and coordinated action. Addressing the trade deficit, modernizing ports, making housing more affordable, and stabilizing the insurance market are essential steps for fostering resilience and equity. These challenges underscore the need for forward-thinking policies that align short-term relief with long-term sustainability, ensuring prosperity for future generations.
In my personal life, I have never spent more than what I earn. I have driven 2nd hand cars, worn 2nd hand clothes, worn same suits for 15 years, until children graduated without debts and I have saved 20 times my annual net earnings and on top the house has been paid off! Only now, it is time to enjoy, but not beyond what I earn, and no compromise on saving at least 20% annually until I choose to retire. Neighbours and the Jones' can think of me what they wish - who cares! Peace of mind is far better than any holidays, new cars, jewelries, large houses and stuff to show off!Americans, Brits and many others, are generally living a "dream" built on debt - that's why so many need to pop pills to stave of depression and fall asleep at night!
What happens if your insured property doesn’t meet todays building code & gets wiped away. So now it cost a lot more to rebuild. Does the policy owner pay the difference?
The issue with the trade deficit is that it means money from Americans is leaving the country every time they buy a foreign good which has lead to low inflation from 2008 to 2020 and that has lead to FED having to use Easy monetary policy which inflated the value of housing in the US market. This is not a sustainable path. Making goods more expensive is one way but the money is still leaving the US economy so making American goods/services cheaper in relations to foreign imports can help but it needs to be done VERY VERY carefully - a 10% or 25% blanket tariff is highly dangerous and could make US exports too expensive making the USA self sufficient but then totally decoupled from the globalized system which is what happened in the USSR. It was the Globalized system that tore down the USSR. The USA cannot risk making that mistake. If Russia could not maintain an internal economy which ended in 1990 the USA sure can't. Another issue is what was said in the view that Americans working in industry can find a path to other work but that is not a solution, low skilled Americans want middle class life style but they will not get that if working in Retail or Services like working for package delivery or serving up coffee is not the respect and quality of life they desire. So we DO NEED TARIFFS to make sure America has industry to support the population demand for low skilled work, it is a MUST, you cannot make low skilled workers have quality of life any other way, Retail, Services, are not the answer, that is a demotion and humiliation that American people every few years with unrest issues in the public.
Oregon insurance for homeowners has a major fire risk crisis problem,rates doubled and no guarantee of coverage next year,we will be forced to sell. Most likely to a STR investor were we live,the rich win!
It seems that a lot of the things we are fighting about - housing, services, immigration, budget - have to do with the fact that there are more people than resources to comfortably sustain them. As a species, we seem to lack a sense of when to say “enough.”
Automation of the ports? Milton Friedman once said if you want to create efficiency, give them Earth moving equipment running on diesel fuel. But if you want to create jobs don't give them shovels give them spoons. 🇺🇸🇺🇸🇺🇸🇺🇸
@ you Americans consume more than you produce… that’s an issue As during, Covid you were going at each other over toilet paper and notebooks. And you still got people pushing up daisies for Black Fridays even when you can buy that sheeeet online Plus for example… the Chinese just built a fully automated port in Peru …. This is what they are touting 👇 Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China By Eduardo Baptista, Marco Aquino and Lucinda Elliott November 14, 2024 4 days ago - Port to generate $4.5 billion annually, create 8,000 jobs; Concerns in U.S. over potential military use of Chancay port Reuters 👇 CHANCAY PORT SENDS FIRST BATCH OF PERUVIAN BLUEBERRIES TO SHANGHAI DECEMBER 2, 2024 Following a joint announcement by China’s President Xi Jinping and President Dina Boluarte of Peru on Nov. 14 regarding the official commencement of operations at Chancay Port, Peruvian media reports on Nov. 19 confirmed that the new port has successfully sent its first batch of products to Shanghai. Chancay Port, located on Peru’s central coast, is a newly constructed deep-water port designed to facilitate direct shipping routes between South America and Asia. The port currently features four berths, including both container and multipurpose terminals, with an annual handling capacity of 1 million TEU. With a depth of around 18 meters, it is designed to accommodate large vessels, including ships up to 400 meters long and capable of carrying 18,000 containers. Chancay Port is part of a broader effort to connect Peru directly to China and other Asian markets, bypassing traditional stops in the United States and Mexico. Ships traveling from South America to China typically take more than 45 days to complete the journey, often stopping in Central America, Mexico or the United States. With the completion of Chancay Port, direct shipping routes to China are now possible, reducing the transit time by at least 10 days. The first shipment from Chancay Port to China included fresh blueberries, with nine containers from Camposol and one container from Qali, a subsidiary of Agrícola Cerro Prieto. InternationalBlueberry
I live near a port and 24x7 is not going to happen. The neighbourhood doesn’t want containers being loaded and unloaded and trucks moving in and out at night or on weekends. A local group opposing a new logistics company that has set up on nearby vacant land has the support of the majority, who would like to see the land turned into a park. While I understand the importance of the port to the economy, I also understand why the people living right next to this new development might want to sleep at night and to be able to walk around the neighbourhood on the weekend without the noise and diesel fumes. When still vacant, the land was used by families and dog walkers and, in winter, as a place to snowshoe and cross-country ski. Love of the outdoors is deeply embedded in the culture of the community where you’ll see young parents of newborns making sure they get fresh air in below freezing temperatures. The presence of railcars and storage tanks nearby that have the potential to explode and/or leak toxic fumes are also a concern. A nearby neighbourhood was recently evacuated because of a fire on a container ship and we were asked to keep our windows closed. Maybe the ports should be relocated away from the downtown area of major cities. What once was a workable arrangement isn’t anymore. Some cities have already addressed this by building new deep water ports, so this may be one solution.
*The West will learn in time and experience the Indian debt trap for themselves.* When Canada did a "Hardeep Singh Nijjar" accusation against India, India roared back with ferocity and expelled all Canadian diplomats, but when happens when USA did a "Nikhil Gupta" accusation against India? India meows back with submission and did not dare to expel a single American diplomat? Why is there such a differential treatment? Because Canada has too many Indian immigrants and has grown subservient to India and thus, India holds Canada (India 2.0) in little regard? *The West will learn in time and experience the Indian debt trap for themselves.*
If we want to have a trade surplus, we need to have a complete infrastructure makeover. Our cities and towns are falling apart. No one wants to invest in manufactoring of they know a cities grid system could go out, local fire hydrants don't work because of leaks, and I could go on and on.
China has about 3.5 trillion of foreign reserve. In 2024 alone it has a trade surplus of more than 700 billion....What about the US? 36 trillion of debts. Interest alone is already 1 trillion a year. Increasing deficit spending and no sign at all the top leaders in the US are interested in fiscal restrain. And yet, I keep hearing the US economy is robust while the Chinese is about to crash? Is this some kind of new economic theory?
Regulate investment in housing by zoning for it. A REIT, or more than one owner can only own property in areas ZONED for it. They want to flip not build.
But China isn't floating their currency, as they're required to under the WTO, and they haven't for decades. We have a trade deficit in part because China has held their currency low in violation of their commitments (and no, a "floating band" is not a floating currency.) If they float their currency, it would more likely end up rising, making their goods more expensive and reducing demand for their goods overall. Why won't people talking about the trade balance without discussing currencies?
Thanks for the forecast! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
26:43 "The fastest way you can solve housing affordability is by building more homes". No, the fastest way you can increase affordability is by lowering the demand.
8.2 billion humans on a planet that can sustain 2.3 bilion without poverty, overcrowding, species' extinction, and eventually, more serious shortages of food and water. If a couple have two children, the situation does not improve. If they have 3 or more children, it gets worse. Do we want more traffic, smog, pollution, homelessness, factory farming, etc. Is that a better world? Think about it.
Bloomberg did a terrible job of interviewing people with the counter argument. In the late 80s we were told that free trade agreements would increase US manufacturing jobs by allowing our goods to be sold tariff free. Instead we lost manufacturing jobs and certain agricultural businesses due to corporations seeking out low cost labor overseas. Now services jobs are going overseas due to the internet. Accounting, customer service, computer programming, and engineering jobs are some examples.
@29min its these NIMBY's that are helping keep housing prices so high. again, its all supply and demand. When the stimulus checks (and low interest rates) hit in 2021, supply surged, sending house prices up and up. Supply and demand. 101.
Housing inflation has always been solved by supply and demand. However this is particularly acute due to the supply of dollars in the last 3 years about 10T. sooner or later housing will eventually reach its mean pricing, there aren’t enough wealthy consumers to maintain that inflated mean price. Just a matter of time and that means a lot of consumers of homes in the last 3 years will get hurt. Blame the FED for their monetary policies. It just didn’t happen because of boom times only because of policies
America focus highly on military mite, whilst ignoring all other development progress,affordable housing, national infrastructure,health care,..if you keep looking strong on the outside,but decaying on the inside one day you will drop.
I hear terms like "efficiency," "cost reduction," and "productivity" being used to justify layoffs, broken families, and increased crime within communities. What about the costs of these actions? I believe the social costs will outweigh any potential benefits in terms of port efficiency.
@@lashawnsmith8382 the trade-off is always a little gain for the whole of society (efficiency and lower costs of imports) for the cost of a small group of people bearing the cost (local job losses). The total sum of gain is higher than the totally loss, but the distribution is unevenly spread. Hence why it's hard to point to specific gains from efficiency, bit very easy to point to the costs. However if efficiency isn't pursued, the whole of society falls behind over time.
"The best way to build wealth is through home ownership. " WTF are you talking about? A home is generally our biggest debt burden. How about starting a business for building wealth. Historically that's worked pretty well.
@@chadgibson5708 Home ownership means you own the home. Not that you have a mortgage. I paid my house off in 2021 and it feels amazing and I can now dedicate nearly 1/3 of my paycheck to savings.
Emargine competing broil, kin off there letters esp another bank is very important looking back its being developed that way both ways then the third parties grow and potentals or it's potentals
We the people solved the housing problem We aren't going to use shipping containers for housing We can used all the empty commercial buildings Be creative and use these buildings to Houses people get them off the street for them to be safe warm The only thing we need is skill trades Wall Street and the political parties do not own us or have any association or affiliation with our trades or jobs They have no say
Whether it intends to or not, this video highlights some of the key issues we face in the US. For some reason, we value protecting jobs over efficiency and economic prosperity, and we are paying the price for it! Automate the ports, raise tariffs, and send those port workers to work in factories.
The factories are also being automated. And how many of the recent layoffs in tech and finance are due to developments in artificial intelligence? We’re at the beginning of a period as disruptive as the industrial revolution and it’s too early to know what to make of it. Job retraining isn’t the solution if the very idea of work is changing.
Change the cultural beliefs that spending massively on WANTS is the way to generate jobs, prosperity, or power in trading positions.... maybe this simple change helps people to have fewer financial debts, countries have lower national debts, and thus trigger fewer anger issues over the reality of being financially broke.
Then, teach the culture of stop spending on WANTS . There is so much waste after Christmas is a prime example of unnecessary spending causing uncontrollable massive consumption mentality and debts.
Capitalism thrives on Consumerism... If people stopped buying the things they want... or only buy what they can afford.. what will happen to Capitalism.. what will happen to the companies that sell the things people want.. what will happen to the workers of those companies.. what will happen when there is even less people able to consume... ahhh I just love how Capitalism is killing itself.
Although this is better than your average CNBC piece - the interviewers never ask difficult questions - "pointed questions" just stimulate basic talking points but theres never a presentation of a counter point to the talking heads viewpoint....id like to see more ballsy questions that force the interviewers to address more difficult aspects of these problems -- otherwise its just talking heads re-stating their own opinions w/ no real challenge and no real examination of real problem solving...sigh
This video is politely saying that Americans are lazy, self entitled. Automation is the future and union is holding the ports back until it's too late.
To be able to sustain a long term trade deficit through dollar hegemony, you call that a fair trade? Imagine if I could just print money and live a lavish lifestyle for a long long time, until one day the biggest supplier of my lavish lifestyle managed to pave a way that would challenge the position of my printed money, and I start blaming them for unfair trade. Lol. That's pretty much what is happening right before our eyes.
@AhmetTekin101 Who's getting punished? Immediately, the citizens of the country imposing the teriffs. Their cost spike well ahead of a manufacturer setting up in a tariff free country or building domestically. Manufactured goods could take years to get establish in another country. Most Americans living paycheque to paycheque only have about a weeks or 2 of reserve money. Meanwhile the manufacturing country just keeps churning out products may be at a low pace but if the good are not from American countries they can move location or choose not to. We always look at the IPHONE as an example, of an American company that will more, but people on a tight budget to begin with aren't going to buy a $2000 phone so they're not "Coming to America." Point is Americans will hurt first.
That's why we gonna build our own stuff. No more, are you crazy? People want to depress. Don't build anything you just look at stuff an echo the crazy stuff
That's what's happening now. Building too much inventory and nobody can afford to buy. You can't even put up a cheap manufactured homes. It's against union policy manufactured mobile homes are o k all around America not hawaii because the unions are fighting they want you to build homes
The people who own houses don't want others to have a home too in their neighbourhood. They want empty space and quiet neighbourhood. What selfishness is this ?
Cartels plus crown and government of Canada cutt off utilities when it's most required emergency essentials. Crystal metal and other imperative drugs overdoes caused house fires And the insurance redirected to $ from the landlord to someplace unknown to public But really the houses should have insurance for fire because of the pandemic laws $ would be of concern, sure enough, Trudeau invested
We need to make all our goods. We have been robbed by the middlemen by overcharging for substandard products, which we should be making for ourselves. Very few products are more cheaply made off shore that meet the qualities we make.
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
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organise my finances prior to retirement. Could you provide me with access to your advisor??
Julianne Iwersen Niemann is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
US "China is ripping us off with the big deficit gap"
China "Why don't you just buy less?"
@@AverageGuy916 or produce more ,
China REALLY doesn't want that. Manufacturing for exports are not simply a 'trade' issue for China, but a critical jobs program that is fundamental to the stability of its society. By putting people to work in factories (EVs, solar panels, etc.) China can keep the population pacified through steadily improving standards of living. If export manufacturing stops, the house of cards collapses. Their inability to kick start a Chinese consumer class & the 'ponziness' of their domestic real estate investment highlights their dependence on exports & ultimately its internal fragility.
@@shsal110nice speech but the Chinese government was already having a hard time filing those manufacturing jobs thus the reason why they have 12 times the automation the USA does these days
As for their real estate/over heated markets and speculation
It was their Government that was the one who started to cut off money flow to developers soon to be 15 years ago
Why you might ask?
In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities
By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities
That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers.
Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate.
Even then, It took them almost 12 years to get their overheated real estate under control
Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018
Why is their Central Government doing this?
Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen.
Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need
In China
Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married
Thus the common prosperity push and the crackdown on the overt displays of wealth in China
Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
@@shsal110
Should really be asking who will be more likely to give a Universal Basic Income
I’m putting my money on the Chinese who just recently took state owned money, assets and companies… putting them into a new National pension fund
👇
Can Artificial Intelligence Solve China's Demographic Crisis?
* Only a few years ago people were arguing that a shortage of labor in the Pearl River Delta and Yangzte River Delta, the two most developed economic zones of China, would push up wages.
Yet, even before the workers have had a say, the robots have taken their place and a robotic revolution is underway.
* From manufacturing to the service industries, little-by-little robots are approaching the daily activities of human beings. In brief, AI is an irreversible trend.
As some have predicted, when robots are fully applied, China will cut more than 240 million jobs.
According to the UN's forecast, two-thirds of the labor force in the developing world will be replaced by robots.
WorldCrunch
Every country including the USA leave out the working class.
Put limits on property purchases for investment. Simple solution to housing crisis.
Get institutional investors out of residential real estate period!!!!
Most housing requires some level of investment.
Isn't the real problem who ends up owning the property?
The problem isn't individual owners with mortgages, we need more of those.
The problem is institutional investors with rentals.
What should be limited is long term rental properties.
There's opportunities for joint ownership models that get you into the (have rent but no) start up capital markets.
The game of creating enough supply to satisfy demand is helped greatly by start up capital.
It's a pretty good investment in the national economy, if everyone gets a piece of the action.
@@grQTbVMrZ Exactly, we should make closing costs and interest rates less for owner occupied and increase both for rentals. REIT’s should be restricted to apartment complexes and commercial buildings; SFR’s purchased by them are usually removed from the market forever and has a negative effect on neighborhoods.
I dont understand how people dont get when you deport millions of people housing prices go down. Who do you think the companies are renting to.
@@Rutu25 best solution...
China doesn't ship what you didn't buy. You're the one paid for the product and paid the shipping fee. Blaming China for exporting what you bought is kinda interesting.
@@MGZetta because China points the guns and forces America to buy :)
EXACTLY!!! 👍
"interesting" here means stupid. in case Americans can't figure that out.
Great Reporting! I love the dialogue with @Fred Hochberg !! 👍🏼
EXCELLENT CONTENT!!! Really Informative. Thank You So Much.👍
Hypothetical Example:
If the GDP is growing at 2.5% annually while the deficit is increasing by 5% annually, this might indicate an issue, as the economy isn't expanding fast enough to offset the debt growth.
Conversely, if the deficit is increasing by 1% annually and GDP is growing by 2.5%, the economy might be considered to be in a relatively healthy position. In the 1950s and 60s, the U.S. had trade surpluses or balanced trade, but deficits began to grow in the 1970s. Today, the significant trade deficit is mainly due to the decline in domestic manufacturing, influenced by political negotiations and trade agreements. This situation is worsening and could significantly impact how Americans live and the value of our currency.”
You misunderstood it.
Trade deficit would be covered by external debt. And the ability to issue external debt (or another words to obtain external capital) depends on future export, or at least the rest of the world believes so.
GDP is the measure of value of how much your material/economic life gains.
The size of GDP is much larger than the external deficit, and these 2 don't have to increase/decrease at the same pace.
Your GDP could be double last year. But if you lost all the abilities to sell something to the outsiders, then a tiny increase in import, thus increase in deficit, is very worrisome
That also leads to low inflation like 2008 to 2020 forcing the FED to cut rates and increase easy monetary policy with QE and that leads to inflated value of housing and real estate = the cost of living struggles. Also the loss of manufacturing is a loss of middle class life style for low skilled Americans and replacing it will humiliating low income from Retail or services like package delivery and so on, menial tasks instead of a respectable manufacturing path
Insurance should only be a customer co-op. Paying profits to shareholders is an inherent conflict of interest with paying out claims to customers.
You need the homes where the work is, otherwise you will never achieve productivity growth and never recover your gdp. Continue to print money against treasury bonds to inflate your economy to give an illusion of growth.
Your wealth isn’t increased by homeownership, it’s increased by home investment.
I stopped buying anything that isn't essential a long time ago. I find myself far better of than before. Not surprising really. If it were trendy we all would benefit.
It’s already a mini trend. I’ve thought about this a lot. While I
still do a fair amount of consuming, I’ve also bought a fair amount of household goods like furniture and clothing secondhand. What started out
as a way to save money when I was young and not earning much became a lifetime habit. I haven’t even owned a car for most of my life because I didn’t need one. When I bought one for hiking trips a few years ago, I ended up selling it when I realised how little I used it. A lifetime of grocery shopping on foot had become such an ingrained habit that it seemed ludicrous to actually drive to the store.
What happens to the economy if the majority starts consuming as I
did, and mostly still do? I’m not making a value judgement, just asking. As I earned more, most of my spending shifted to services, to things like dog walkers, vets and groomers, house cleaners, gym memberships, evening courses and to consumables like electronics that lose their value over time. I’m not rich, more like middle income, and at the lower end of that. My spending just shifted towards things that we once thought as the domain of the wealthy because I was saving by not spending it on other consumer goods. And in some cases saving time.
Now, what happens to the economy if we stop buying nonessential stuff and nonessential services? Again, this is just a question to which I don’t have the answer. You can be just as happy without consuming or mindlessly following trends.
I was probably happiest as a poor student technically below the poverty level, so I’ve never equated money with happiness. But many people do and that’s what’s running the machine we call the economy.
@@headfirst6227 I agree. Great perspective and makes life much less complex
Buying things when it's not really necessary, even only small & cheap stuffs, not only hurt the wallet, but also has negative psychological consequences.
It's nothing different from surfing stoopid tiktok short clip for hours. The small short excitement, the dopamine please us for a little while and then make us addicted. The longer the process, the less funs but then only burdens, psychologically.
I buy in Temu and pay half price at the most
Great content. Thanks for sharing this.
Take away the tax incentives, depreciation, from Investment companies like Blackrock.
Not even Donald Trump is above the law...
of Supply and Demand..
I see what you did there, nice
😂nice one. Trade War 2.0
But Joe Biden and his family is above the law. That is why Joey was handing out Pardons like candy…
The Economic Crossroads: Trade, Ports, Housing, and Insurance in the U.S.
The U.S. economy stands at a critical juncture, shaped by intertwined challenges that touch trade, infrastructure, housing, and insurance. These issues, though distinct, collectively reflect the pressures of globalization, climate change, and domestic inefficiencies. Each deserves attention to ensure sustainable economic growth and equitable access to essential resources.
The Role of the U.S. Trade Balance
The U.S. trade balance-representing the difference between exports and imports-serves as a barometer of the country’s economic health and its role in the global economy. A persistent trade deficit has fueled debates about its long-term implications. On one hand, importing more than exporting reflects strong domestic demand; on the other, it highlights the erosion of domestic manufacturing and dependence on foreign goods. To address this imbalance, the U.S. must invest in competitive industries, foster innovation, and reevaluate trade agreements to ensure mutual benefits with global partners.
Inefficiencies at American Ports
American ports, vital arteries of global commerce, have struggled with inefficiencies that disrupt supply chains and inflate costs. Aging infrastructure, outdated technology, and labor shortages exacerbate delays. These challenges were particularly evident during the COVID-19 pandemic, as bottlenecks paralyzed key ports. Modernization efforts, including digitization and automation, are essential to improve efficiency and competitiveness. Furthermore, a collaborative approach involving federal investment, private partnerships, and labor unions is needed to overcome these systemic hurdles.
The Crisis of Homeownership
For millions of Americans, the dream of homeownership is slipping further out of reach. Rising property prices, driven by limited supply, high demand, and increasing construction costs, have collided with elevated mortgage rates, creating a perfect storm of unaffordability. Compounding the problem is the stagnation of wages, which has failed to keep pace with inflation. Policymakers must address zoning restrictions, promote affordable housing development, and expand access to first-time homebuyer assistance programs to alleviate the crisis.
The Surging Cost of Property Insurance
Property insurance, once a manageable expense for most homeowners, is now becoming a major financial burden. Climate change has amplified risks, with hurricanes, wildfires, and flooding causing record-breaking losses for insurers. States like Florida, prone to natural disasters, are particularly affected. Insurers, facing mounting claims, have responded by raising premiums or exiting markets altogether. This leaves policymakers with the challenge of balancing the needs of insurers and policyholders. As Florida Insurance Commissioner Michael Yaworsky notes, innovative solutions such as risk-sharing pools, reinsurance programs, and climate-resilient building incentives are critical to creating a more stable insurance market.
Conclusion
The U.S. economy is at a crossroads, grappling with issues that demand urgent and coordinated action. Addressing the trade deficit, modernizing ports, making housing more affordable, and stabilizing the insurance market are essential steps for fostering resilience and equity. These challenges underscore the need for forward-thinking policies that align short-term relief with long-term sustainability, ensuring prosperity for future generations.
In my personal life, I have never spent more than what I earn. I have driven 2nd hand cars, worn 2nd hand clothes, worn same suits for 15 years, until children graduated without debts and I have saved 20 times my annual net earnings and on top the house has been paid off! Only now, it is time to enjoy, but not beyond what I earn, and no compromise on saving at least 20% annually until I choose to retire. Neighbours and the Jones' can think of me what they wish - who cares! Peace of mind is far better than any holidays, new cars, jewelries, large houses and stuff to show off!Americans, Brits and many others, are generally living a "dream" built on debt - that's why so many need to pop pills to stave of depression and fall asleep at night!
What happens if your insured property doesn’t meet todays building code & gets wiped away. So now it cost a lot more to rebuild. Does the policy owner pay the difference?
Interesting On Real Estate 🤔
The issue with the trade deficit is that it means money from Americans is leaving the country every time they buy a foreign good which has lead to low inflation from 2008 to 2020 and that has lead to FED having to use Easy monetary policy which inflated the value of housing in the US market. This is not a sustainable path. Making goods more expensive is one way but the money is still leaving the US economy so making American goods/services cheaper in relations to foreign imports can help but it needs to be done VERY VERY carefully - a 10% or 25% blanket tariff is highly dangerous and could make US exports too expensive making the USA self sufficient but then totally decoupled from the globalized system which is what happened in the USSR. It was the Globalized system that tore down the USSR. The USA cannot risk making that mistake. If Russia could not maintain an internal economy which ended in 1990 the USA sure can't.
Another issue is what was said in the view that Americans working in industry can find a path to other work but that is not a solution, low skilled Americans want middle class life style but they will not get that if working in Retail or Services like working for package delivery or serving up coffee is not the respect and quality of life they desire. So we DO NEED TARIFFS to make sure America has industry to support the population demand for low skilled work, it is a MUST, you cannot make low skilled workers have quality of life any other way, Retail, Services, are not the answer, that is a demotion and humiliation that American people every few years with unrest issues in the public.
Thank you
my credit union offer no downpayment on mortgage loan -all back by the fed govt, so what do you thinnk that will do to the price.?
Demand will go up but you can tax real estate investors to help reduce demand. Investors will sell properties to avoid the new taxes. win-win.
Oregon insurance for homeowners has a major fire risk crisis problem,rates doubled and no guarantee of coverage next year,we will be forced to sell. Most likely to a STR investor were we live,the rich win!
It seems that a lot of the things we are fighting about - housing, services, immigration, budget - have to do with the fact that there are more people than resources to comfortably sustain them. As a species, we seem to lack a sense of when to say “enough.”
Studious avoidance of discussion of Unions blocking more effective scheduling in US ports.
NIMBY's should have an extra 15% tax applied to their property taxes if their local government declines to build new homes.
Automation of the ports? Milton Friedman once said if you want to create efficiency, give them Earth moving equipment running on diesel fuel. But if you want to create jobs don't give them shovels give them spoons. 🇺🇸🇺🇸🇺🇸🇺🇸
Why should we automate our ports to save foreign companies with foreign ships money?
@@steven4315because they will go to other ports
@@FAFOrednickinsell Let em. What good does a port without jobs do for a city? Out of state trucks clogging up the roads does nothing for a city.
@ you Americans consume more than you produce… that’s an issue
As during, Covid you were going at each other over toilet paper and notebooks. And you still got people pushing up daisies for Black Fridays even when you can buy that sheeeet online
Plus for example…
the Chinese just built a fully automated port in Peru …. This is what they are touting
👇
Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China
By Eduardo Baptista, Marco Aquino and Lucinda Elliott
November 14, 2024
4 days ago - Port to generate $4.5 billion annually, create 8,000 jobs; Concerns in U.S. over potential military use of Chancay port
Reuters
👇
CHANCAY PORT SENDS FIRST BATCH OF PERUVIAN BLUEBERRIES TO SHANGHAI
DECEMBER 2, 2024
Following a joint announcement by China’s President Xi Jinping and President Dina Boluarte of Peru on Nov. 14 regarding the official commencement of operations at Chancay Port, Peruvian media reports on Nov. 19 confirmed that the new port has successfully sent its first batch of products to Shanghai.
Chancay Port, located on Peru’s central coast, is a newly constructed deep-water port designed to facilitate direct shipping routes between South America and Asia. The port currently features four berths, including both container and multipurpose terminals, with an annual handling capacity of 1 million TEU. With a depth of around 18 meters, it is designed to accommodate large vessels, including ships up to 400 meters long and capable of carrying 18,000 containers. Chancay Port is part of a broader effort to connect Peru directly to China and other Asian markets, bypassing traditional stops in the United States and Mexico.
Ships traveling from South America to China typically take more than 45 days to complete the journey, often stopping in Central America, Mexico or the United States. With the completion of Chancay Port, direct shipping routes to China are now possible, reducing the transit time by at least 10 days. The first shipment from Chancay Port to China included fresh blueberries, with nine containers from Camposol and one container from Qali, a subsidiary of Agrícola Cerro Prieto.
InternationalBlueberry
We need to learn to adapt . Adaptability if thats the only way
Every solution in almost 1hr video.
did he slip and say they need to triple the budget god damn printers a coming
I live near a port and 24x7 is not going to happen.
The neighbourhood doesn’t want containers being loaded and unloaded and trucks moving in and out at night or on weekends. A local group opposing a new logistics company that has set up on nearby vacant land has the support of the majority, who would like to see the land turned into a park.
While I understand the importance of the port to the economy, I also understand why the people living right next to this new development might want to sleep at night and to be able to walk around the neighbourhood on the weekend without the noise and diesel fumes. When still vacant, the land was used by families and dog walkers and, in winter, as a place to snowshoe and cross-country ski. Love of the outdoors is deeply embedded in the culture of the community where you’ll see young parents of newborns making sure they get fresh air in below freezing temperatures.
The presence of railcars and storage tanks nearby that have the potential to explode and/or leak toxic fumes are also a concern. A nearby neighbourhood was recently evacuated because of a fire on a container ship and we were asked to keep our windows closed.
Maybe the ports should be relocated away from the downtown area of major cities. What once was a workable arrangement isn’t anymore. Some cities have already addressed this by building new deep water ports, so this may be one solution.
*The West will learn in time and experience the Indian debt trap for themselves.* When Canada did a "Hardeep Singh Nijjar" accusation against India, India roared back with ferocity and expelled all Canadian diplomats, but when happens when USA did a "Nikhil Gupta" accusation against India? India meows back with submission and did not dare to expel a single American diplomat? Why is there such a differential treatment? Because Canada has too many Indian immigrants and has grown subservient to India and thus, India holds Canada (India 2.0) in little regard? *The West will learn in time and experience the Indian debt trap for themselves.*
I just read too many Indian immigrants 😢
@@tkrdg7885 India 2.0
@@tkrdg7885 Yes, you have good comprehension skills.
The economic growth and families stabilities has too be thought, the importance off the queens letters seasonally
If we want to have a trade surplus, we need to have a complete infrastructure makeover. Our cities and towns are falling apart. No one wants to invest in manufactoring of they know a cities grid system could go out, local fire hydrants don't work because of leaks, and I could go on and on.
That's how tariffs worked 1901. It's different now because corporations sell into the 1st world and manufacture in the developing world
In connection with the tarrifs stop buying garbage . Stop investing in garbage
China has about 3.5 trillion of foreign reserve. In 2024 alone it has a trade surplus of more than 700 billion....What about the US? 36 trillion of debts. Interest alone is already 1 trillion a year. Increasing deficit spending and no sign at all the top leaders in the US are interested in fiscal restrain. And yet, I keep hearing the US economy is robust while the Chinese is about to crash? Is this some kind of new economic theory?
Americans just want to hear rosy stories and get fat
I need to see the rest of that Vancouver couple interview. Her faces😂😂😂
Regulate investment in housing by zoning for it. A REIT, or more than one owner can only own property in areas ZONED for it. They want to flip not build.
That's why we gotta build and make things again. Not so McDonald's in Burger King and insurance.
In youtube
But China isn't floating their currency, as they're required to under the WTO, and they haven't for decades. We have a trade deficit in part because China has held their currency low in violation of their commitments (and no, a "floating band" is not a floating currency.) If they float their currency, it would more likely end up rising, making their goods more expensive and reducing demand for their goods overall. Why won't people talking about the trade balance without discussing currencies?
Thanks for the forecast! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
My be, that demand is not for merchant, but gor the shopping as an activity. So, could we sell the shopping itself instead of making more trash 😊
The rich get richer while the middle class gets squeezed for every damn penny. Is there a middle class anymore?????
Cry some more baby.
Way too complicated for undereducated to comprehend.
the music is stupid
26:43 "The fastest way you can solve housing affordability is by building more homes".
No, the fastest way you can increase affordability is by lowering the demand.
Tramp not honoring trade agreement with Mexico would help increasing trust and respect to do business with U.S!??😮😢
The more incentive for American business.
The better we will be these people so called smart people so sad
Why we don't have factories anymore. All we got is mcdonald's and burger kings denny's low wage jobs
No, other countries need to get competitive and figure out a way to be more efficient to keep up or pass altogether.
Interesting
On top U.S trying to do " dirty business" that instead of helping will make much worse
Good automation maybe will help people get smart and make stuff more in america, not imported all.
Ports transfer?
The entire US economy has collasped.
Trade Adjustment Assistance Program? A safety net program for factory workers to financially support them until they find another gig. 🤔
Tariffs sound great to me, award those with merit to earn and save, incentivize savings and stop irresponsible wasteful spending.
8.2 billion humans on a planet that can sustain 2.3 bilion without poverty, overcrowding, species' extinction, and eventually, more serious shortages of food and water. If a couple have two children, the situation does not improve. If they have 3 or more children, it gets worse. Do we want more traffic, smog, pollution, homelessness, factory farming, etc. Is that a better world? Think about it.
Get rid of the entire insurance industry and federalize it
Bloomberg did a terrible job of interviewing people with the counter argument.
In the late 80s we were told that free trade agreements would increase US manufacturing jobs by allowing our goods to be sold tariff free. Instead we lost manufacturing jobs and certain agricultural businesses due to corporations seeking out low cost labor overseas.
Now services jobs are going overseas due to the internet. Accounting, customer service, computer programming, and engineering jobs are some examples.
@29min its these NIMBY's that are helping keep housing prices so high. again, its all supply and demand. When the stimulus checks (and low interest rates) hit in 2021, supply surged, sending house prices up and up. Supply and demand. 101.
Let's manufacture more of our own stuff. We don't have to buy from anywhere else.
Housing inflation has always been solved by supply and demand. However this is particularly acute due to the supply of dollars in the last 3 years about 10T. sooner or later housing will eventually reach its mean pricing, there aren’t enough wealthy consumers to maintain that inflated mean price. Just a matter of time and that means a lot of consumers of homes in the last 3 years will get hurt. Blame the FED for their monetary policies. It just didn’t happen because of boom times only because of policies
People spend money not robots
America focus highly on military mite, whilst ignoring all other development progress,affordable housing, national infrastructure,health care,..if you keep looking strong on the outside,but decaying on the inside one day you will drop.
so tell me how the US Dolla dominance is ggoing to work if US wants to havd trade surplus with her trading partner
I hear terms like "efficiency," "cost reduction," and "productivity" being used to justify layoffs, broken families, and increased crime within communities. What about the costs of these actions? I believe the social costs will outweigh any potential benefits in terms of port efficiency.
@@lashawnsmith8382 the trade-off is always a little gain for the whole of society (efficiency and lower costs of imports) for the cost of a small group of people bearing the cost (local job losses). The total sum of gain is higher than the totally loss, but the distribution is unevenly spread.
Hence why it's hard to point to specific gains from efficiency, bit very easy to point to the costs. However if efficiency isn't pursued, the whole of society falls behind over time.
...the high cost of low prices
"The best way to build wealth is through home ownership. " WTF are you talking about? A home is generally our biggest debt burden. How about starting a business for building wealth. Historically that's worked pretty well.
@@chadgibson5708 Home ownership means you own the home. Not that you have a mortgage. I paid my house off in 2021 and it feels amazing and I can now dedicate nearly 1/3 of my paycheck to savings.
Emargine competing broil, kin off there letters esp another bank is very important looking back its being developed that way both ways then the third parties grow and potentals or it's potentals
We the people solved the housing problem
We aren't going to use shipping containers for housing
We can used all the empty commercial buildings
Be creative and use these buildings to Houses people get them off the street for them to be safe warm
The only thing we need is skill trades
Wall Street and the political parties do not own us or have any association or affiliation with our trades or jobs
They have no say
Whether it intends to or not, this video highlights some of the key issues we face in the US. For some reason, we value protecting jobs over efficiency and economic prosperity, and we are paying the price for it! Automate the ports, raise tariffs, and send those port workers to work in factories.
Tax the rich first
The factories are also being automated. And how many of the recent layoffs in tech and finance are due to developments in artificial intelligence?
We’re at the beginning of a period as disruptive as the industrial revolution and it’s too early to know what to make of it. Job retraining isn’t the solution if the very idea of work is changing.
That wil.never happen @@daisydd1709
The same factories that are all automated? You really thought that one through 🤣
Yeah, I'm looking Hawaii and LA silly taco. Bell density and nobody buying in stew expensive
US permanent trade deficits getting worse
Wow!
Change the cultural beliefs that spending massively on WANTS is the way to generate jobs, prosperity, or power in trading positions.... maybe this simple change helps people to have fewer financial debts, countries have lower national debts, and thus trigger fewer anger issues over the reality of being financially broke.
Stories of canniba-I mean capitalism
And that’s one reason one should shop locally!!!
People can't afford to. Easier said than done.
In the world of Ai if i will decide port needs to be open 24/7 . 7 days a week . Religiously speaking i believed in theres a way .
Why is the us complaining?
Debt differences
"We shouldn't care about the trade balance".
Then, teach the culture of stop spending on WANTS . There is so much waste after Christmas is a prime example of unnecessary spending causing uncontrollable massive consumption mentality and debts.
Capitalism thrives on Consumerism... If people stopped buying the things they want... or only buy what they can afford.. what will happen to Capitalism.. what will happen to the companies that sell the things people want.. what will happen to the workers of those companies.. what will happen when there is even less people able to consume... ahhh I just love how Capitalism is killing itself.
Although this is better than your average CNBC piece - the interviewers never ask difficult questions - "pointed questions" just stimulate basic talking points but theres never a presentation of a counter point to the talking heads viewpoint....id like to see more ballsy questions that force the interviewers to address more difficult aspects of these problems -- otherwise its just talking heads re-stating their own opinions w/ no real challenge and no real examination of real problem solving...sigh
✝️🏆👑🏆👌🌞👌💞🧲🧲🧲🫂🧷 всем мира добра огромная удача всех земных благ да будет так Аминь Всем желаю только качество от него зависит ваш карман
Let the market rebalance organically, people will consume less.
This video is politely saying that Americans are lazy, self entitled. Automation is the future and union is holding the ports back until it's too late.
Automation will reduce manpower needed. Machines don't eat, seek shelter, or require K-12. Them trucks ain't gonna drive themselves😅.
what does this have to do with wall street
Trade risks
Reign in private equity!!!!
The Chinese love freer trade, but not fair trade.
Tariffs are not fair trade. American workers don't work as hard as Chinese workers, therefore can't complete. There is no polite way of putting it.
To be able to sustain a long term trade deficit through dollar hegemony, you call that a fair trade?
Imagine if I could just print money and live a lavish lifestyle for a long long time, until one day the biggest supplier of my lavish lifestyle managed to pave a way that would challenge the position of my printed money, and I start blaming them for unfair trade. Lol.
That's pretty much what is happening right before our eyes.
@@i6power30Tariffs are not trade. It's punishment for unfair trade.
@@eddyg4742 Did you engage your brain when writing your comment? Please do next time!
@AhmetTekin101 Who's getting punished?
Immediately, the citizens of the country imposing the teriffs. Their cost spike well ahead of a manufacturer setting up in a tariff free country or building domestically.
Manufactured goods could take years to get establish in another country. Most Americans living paycheque to paycheque only have about a weeks or 2 of reserve money.
Meanwhile the manufacturing country just keeps churning out products may be at a low pace but if the good are not from American countries they can move location or choose not to.
We always look at the IPHONE as an example, of an American company that will more, but people on a tight budget to begin with aren't going to buy a $2000 phone so they're not "Coming to America."
Point is Americans will hurt first.
That's why we gonna build our own stuff. No more, are you crazy? People want to depress. Don't build anything you just look at stuff an echo the crazy stuff
That's what's happening now. Building too much inventory and nobody can afford to buy. You can't even put up a cheap manufactured homes. It's against union policy manufactured mobile homes are o k all around America not hawaii because the unions are fighting they want you to build homes
The people who own houses don't want others to have a home too in their neighbourhood. They want empty space and quiet neighbourhood. What selfishness is this ?
is a problem in most cities
Looking for Trade Balance and Trade Surplus = A I Machines + Longevity. At the center of Goods&Services Consumption are Humans.
Cartels plus crown and government of Canada cutt off utilities when it's most required emergency essentials.
Crystal metal and other imperative drugs overdoes caused house fires
And the insurance redirected to $ from the landlord to someplace unknown to public
But really the houses should have insurance for fire because of the pandemic laws
$ would be of concern, sure enough, Trudeau invested
10 trillions cubic gas per day supply chain
US dollar will crash
😂😂😂😂
You don't day
The Yuan will crash...
Slowing trade and capitals
We need to make all our goods. We have been robbed by the middlemen by overcharging for substandard products, which we should be making for ourselves. Very few products are more cheaply made off shore that meet the qualities we make.