A new kind of global recession: Why this time is different | Business Beyond

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DW News

DW News

Күн бұрын

The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year.
War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around a growing, multifaceted economic crisis.
In this episode, we will untangle the threads of the looming global recession. By comparing the current state of the global economy to the 2008 financial crisis, we will be exploring what makes this downturn different.
Chapters
00:00 Intro
01:19 What’s a recession
03:13 Recap of the 2008 crisis
04:47 Supply crisis
06:23 Inflation
08:49 Hiking interest rates
10:58 Strong labour market
13:15 China’s Zero Covid policy
17:43 Countries bucking the trend
20:06 Conclusion
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#recession #inflation #economy

Пікірлер: 1 900
@Richardcarlett
@Richardcarlett 8 ай бұрын
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
@EllenAbrex
@EllenAbrex 8 ай бұрын
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@berkrix4312
@berkrix4312 8 ай бұрын
I've been talking to a coach or a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@DavidRiggs-dc7jk
@DavidRiggs-dc7jk 8 ай бұрын
@@berkrix4312 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@berkrix4312
@berkrix4312 8 ай бұрын
I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@DavidRiggs-dc7jk
@DavidRiggs-dc7jk 8 ай бұрын
@@berkrix4312 Thank you for this tip , I must say, Julie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
@raynoldgrey
@raynoldgrey 8 ай бұрын
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
@andrewlogan7737
@andrewlogan7737 8 ай бұрын
It is unsettling to increase stock and index fund purchases during stock market downturns and bear markets, let's face it. Which makes it extremely challenging for most individuals, like me, to do. It's difficult to take the plunge and transfer the million dollars I have into an S&S.
@danieljackson87
@danieljackson87 8 ай бұрын
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Julie Anne Hoover. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
@michaelrenner3
@michaelrenner3 8 ай бұрын
@@danieljackson87 I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
@danieljackson87
@danieljackson87 8 ай бұрын
@@michaelrenner3 She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
@mikeharry96
@mikeharry96 8 ай бұрын
@@danieljackson87 Thanks, I just Googled her and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
@ExxonMobilCompany
@ExxonMobilCompany 10 ай бұрын
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
@marcelrobert9569
@marcelrobert9569 10 ай бұрын
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@robertlucas8288
@robertlucas8288 10 ай бұрын
@@marcelrobert9569 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@marcelrobert9569
@marcelrobert9569 10 ай бұрын
@@robertlucas8288 She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@obodoaghahenry9297
@obodoaghahenry9297 10 ай бұрын
@@marcelrobert9569 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@ericmendels
@ericmendels 11 ай бұрын
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@mohican-jx6fx
@mohican-jx6fx 11 ай бұрын
That’s crazy, I’m just doing everything wrong with my portfolio
@AddilynTuffin
@AddilynTuffin 11 ай бұрын
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@kaylawood9053
@kaylawood9053 11 ай бұрын
Since the US stock market had been on its longest bull run ever, the widespread panic and frenzy are understandable given that we are not used to such unstable markets. However, there are opportunities available if you know where to look. In the last ten months, I have made almost $850,000.
@legacymedia8468
@legacymedia8468 11 ай бұрын
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out.
@legacymedia8468
@legacymedia8468 11 ай бұрын
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
@joesphcu8975
@joesphcu8975 Жыл бұрын
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
@alexyoung3126
@alexyoung3126 Жыл бұрын
First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.
@checkforme234
@checkforme234 Жыл бұрын
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@kimyoung8414
@kimyoung8414 Жыл бұрын
@@lawerencemiller9720 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
@@kimyoung8414 It’s a She actually, Eileen Ruth Sparks I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
@ariannamasonwright
@ariannamasonwright Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@nobertheck
@nobertheck Жыл бұрын
The concept of using spreadsheets has always seemed incredibly time-consuming and superfluous to me. Each month, I simply deposit a large sum of money into my savings accounts, retain my spending money in an other account, and make an effort to spend as little money as possible.
@jessicalandon8973
@jessicalandon8973 Жыл бұрын
@@nobertheck There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@husseinhodrob
@husseinhodrob Жыл бұрын
@@jessicalandon8973 Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My mentor, "Alice Elaine Hayhurst," who has witnessed hundreds of market cycles over the past few decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next.
@henryliam6037
@henryliam6037 Жыл бұрын
@@husseinhodrob Everyone's first aim should be achieving financial security by careful saving and investing as soon as possible. I really need some direction. Can this Fin coach lead me through these uncertain times, and why do you place so much faith in them?
@KingDavid-jj7tk
@KingDavid-jj7tk Жыл бұрын
Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
@billybrannon6394
@billybrannon6394 Жыл бұрын
@Bobby Blue Avert too-good-to-be-true con tricks. Consult a fiduciary counselor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
@carter3294
@carter3294 Жыл бұрын
@@billybrannon6394 I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@KingDavid-jj7tk
@KingDavid-jj7tk Жыл бұрын
@@carter3294 Please any link to reach this person you speak of??
@carter3294
@carter3294 Жыл бұрын
@@KingDavid-jj7tk CHRISTINE ANN PODGORNY is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly
@domcizek
@domcizek Жыл бұрын
HMMM, YOU DID NOT MENTION THE INCREASING LOWER BIRTH RATES AROUND THE WORLD, WHICH WILL CAUSE A LOWER GDP BECAUSE THERE WILL NOW BE LESS PEOPLE TO BUY THINGS, SO ALL COMPANIES WILL HAVE LOWER RETURNS AND LOWER STOCK PRICES IN THE NEXT 30 YEARS
@victoriajonas44
@victoriajonas44 8 ай бұрын
I feel incredibly fortunate for having made wise financial choices that have had a life-altering impact. As a single mother residing in Toronto, Canada, I successfully purchased my second home in September. If everything continues to progress positively, my aspiration is to retire next year at the age of 50.
@victoriajonas44
@victoriajonas44 8 ай бұрын
"I have experienced significant returns since I started engaging in financial transactions with .ROCHELLE DUNGCA-SCHREIBER Her approach to financial management is truly outstanding, offering remarkable insights and tactics that have greatly contributed to my success."
@victoriajonas44
@victoriajonas44 8 ай бұрын
ROCHEllE DUNGCA-SCHREIBER is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.
@victoriajonas44
@victoriajonas44 8 ай бұрын
No internet search the above name
@bobbymainz1160
@bobbymainz1160 Жыл бұрын
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
@johnlennon232
@johnlennon232 Жыл бұрын
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@chris-pj7rk
@chris-pj7rk Жыл бұрын
@@johnlennon232 Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@alexyoung3126
@alexyoung3126 Жыл бұрын
@@chris-pj7rk Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@chris-pj7rk
@chris-pj7rk Жыл бұрын
@@alexyoung3126 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with HEATHER ANN CHRISTENSEN for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@zahairobrian671
@zahairobrian671 Жыл бұрын
@@chris-pj7rk I think I have heard about her before too, but I can't remember which news outlet. I'm checking her out now. Any idea if she can help transfer an existing portfolio in a mutual fund?
@Shultz4334
@Shultz4334 Жыл бұрын
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.
@Curbalnk
@Curbalnk Жыл бұрын
The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice
@velayuthman
@velayuthman Жыл бұрын
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@TeresaBrickle
@TeresaBrickle Жыл бұрын
@@velayuthman I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
@velayuthman
@velayuthman Жыл бұрын
@@TeresaBrickle "HEATHER ANN CHRISTENSEN" is the coach that guides me, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field......look her up
@mstar7520
@mstar7520 Жыл бұрын
@@velayuthman Shes a scammer don't trust her with your money
@tywbin
@tywbin Жыл бұрын
It's over, we have known the apogee of our time. The corrupt government will overthrow this country like Rome did. My condolences to anyone approaching retirement, you may be wondering if your retirement capital is sufficient to meet the rising cost of living. Bad energy policy, bad foreign policy, bad regulatory policy and insane tax policy
@starcar23
@starcar23 Жыл бұрын
I can't zero in on the long run when I ought to be resigning in 3years, you see I have great organizations in my portfolio and a decent sum contributed, however my benefit has been slowing down, does it mean this downturn/temperamental market gives no reasonable courses of action valuable chances to create gain?
@wilfredv1930
@wilfredv1930 Жыл бұрын
Which corrupt government?
@annnee6818
@annnee6818 Жыл бұрын
If only the people who can afford to pay taxes did we could cut those of the one's who can't. But people don't want that they like the misery
@koach7779
@koach7779 Жыл бұрын
Maybe start treating big companies like smaller businesses. Let them go bankrupt. Others will eventually take their place.
@nsevv
@nsevv Жыл бұрын
It will cause many people to lose their job, it will be a mess for government to deal with if big companies collapse.
@Ultimita01
@Ultimita01 Жыл бұрын
this as thats capitalism, but fascism does not like this.
@mysteryuser7062
@mysteryuser7062 Жыл бұрын
Larger companies make up significantly more GDP and more of the job market than small businesses do. They’re larger and more productive, but the high taxes combined with Inflation and weak purchasing power of consumers, is recipe for recession
@taylorc2542
@taylorc2542 Жыл бұрын
The crazy thing is that we pretty much know that China started covid. This is basically the crime of the century and nobody said a thing.
@Svafne
@Svafne Жыл бұрын
Better yet, don't let predatory capitalists control necessary societal services (groceries, electricity, housing etc. Things we all need to live).
@hildanguyen4323
@hildanguyen4323 Жыл бұрын
I've come to realize as an investor that instead of letting my money sit idle in my savings account it is more productive to invest the little available and build a portfolio from the accumulated profit of investment
@richardbessette5651
@richardbessette5651 Жыл бұрын
GLAD I GOT INTO CRYPTO WHEN I DID BECAUSE IT'S BEEN A TURNING POINT FOR ME FINANCIALLY. BEEN MY BEST DECISION SO FAR
@hildanguyen4323
@hildanguyen4323 Жыл бұрын
@Sophia Hughess My greatest happiness is the $34,000 bimonthly I get consistently with my $5,000 all thanks to Mrs Emily Cofield
@azid5704
@azid5704 Жыл бұрын
Same here with my current profit of $59.000 made from my investment with Mrs Emily Cofield's trading platform I'm totally convinced she's the best trading broker I have worked with and her strategies are so easy to adapt she's such a blessing to me especially in this current dip
@laurenedaigle775
@laurenedaigle775 Жыл бұрын
@@azid5704 I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks, I still hold enormous value of cryptos and it scares me. Whats your take on this?
@henrypatterson1281
@henrypatterson1281 Жыл бұрын
@@laurenedaigle775 There are many reasons for this drop in value. One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.
@MaryLinda43
@MaryLinda43 Жыл бұрын
My mom and I make huge profit on our investment with Mrs Erin mary clancy her set skills are amazing
@nasirkatie8558
@nasirkatie8558 Жыл бұрын
I invest with Mrs Erin mary clancy too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
@MaryLinda43
@MaryLinda43 Жыл бұрын
@Julia Kutty You can send her a message 👇
@MaryLinda43
@MaryLinda43 Жыл бұрын
She is active on telegram ⬇
@MaryLinda43
@MaryLinda43 Жыл бұрын
@Erinclancy
@ricklester2468
@ricklester2468 Жыл бұрын
As a first time investor I started trading with, Mrs Erin mary clancy, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
@user-hj9xv4gp5e
@user-hj9xv4gp5e Жыл бұрын
The fact that in this highly advanced world we still measure the worlds economic progress in terms "yay growth" and "noo recession" gives you an idea of how entrenched modern economic theories are in their positions.
@harukrentz435
@harukrentz435 Жыл бұрын
Go tell us the alternatives then...
@user-hj9xv4gp5e
@user-hj9xv4gp5e Жыл бұрын
Let’s start with the recession we’re going into, we’re still calling it a recession yet unemployment isn’t failing like the Great Depression where one of the most critical factors was high unemployment. It seems like we’re acting as if what’s happing now is in anyway similar, despite the fact that more things have changed then stayed the same in the last 100 years. The knowledge we have regarding “recessions” may very well not be valid for the situation we are facing.
@humblecourageous3919
@humblecourageous3919 Жыл бұрын
I agree. Continual growth economics needs to change to sustainability. My husband and I are not survivalists but rather environmentalists. We have had solar for 20 years. We got battery backup after the power went off for 32 hours once. We put in 3,200 gallons of rain tanks as we live in San Diego County. We bought a used Chevy Volt which gets 50 electric miles before gas kicks in. We calculated we bought two-thirds of a gallon of gas a month on average since we bought it. We get a rebate on our electric bill at the end of the year. We rarely eat out (like three times a year now). So far inflation has not hurt us much (we are in our 70s). But I am sorry for those whose rents have skyrocketed. It is just wrong.
@jamesportoraro8248
@jamesportoraro8248 Жыл бұрын
I completely agree! Also, isn't government spending also calculated in GDP?
@dinem4624
@dinem4624 Жыл бұрын
no, the media is just talking to children.
@Ascertain4Yourself
@Ascertain4Yourself Жыл бұрын
Let me get this straight, there is no Energy Shortage, there is no Food Production Shortage, no Industrial output issues. It appears to me that these issues we are facing are systemic and a reflection of this system we continually support. Every 7 to 9 years we have major issues. The system is broken and seems to be we are in a continual maintenance mode. If I was in a relationship like this I'd be looking for a new one.
@seanthe100
@seanthe100 Жыл бұрын
The system isn't broken, it's natural that there's high growth and then there's low growth. For the future viability of the system it has to cleanse itself periodically. All systems have there ups and down it's like our daily circadian rhythm, during the day we're up and active. To enable that daily activity we need to rest at night and this is when our brain rejuvenates and our body repairs itself.
@paulos9759
@paulos9759 Жыл бұрын
Continuous growth is impossible to achieve as our world is not an endless resource, it has to rest from the higher economy exploatation, from time to time. It is like a human body - as described above...
@Ascertain4Yourself
@Ascertain4Yourself Жыл бұрын
@@paulos9759 I agree with you we cannot go for endless growth eventually the whole thing will collapse. This will all end in pain and suffering, we are creatures that have the ability to unravel the mysteries of the Universe but unfortunately we don't have the Wisdom of God. I suspect the Universe/God is playing the long game for its own amusement until we run out of moves and then the game is all over.
@MrSean03839
@MrSean03839 Жыл бұрын
It's called gouging by corporations.
@casteretpollux
@casteretpollux Жыл бұрын
The private ownership profit system is broken.
@spenny3045
@spenny3045 Жыл бұрын
Why is it never mentioned in mainstream media that Oil&gas and Grocery companies are making record profits? If there are rising prices in these industries, but they're making money hand over fist, that part of the economy is not experiencing inflation. The banks do not have tools to respond to these particular issues, but governments do and few are doing anything about it.
@Rishabh-Dev
@Rishabh-Dev Жыл бұрын
I live in the city but have a small poultry farm, 25 cows and small biofloc fish farming set-up at my grandfather's village. Exactly 3 years ago i only had poultry farm. I am not afraid of recession at all.✌️
@Novastar.SaberCombat
@Novastar.SaberCombat Жыл бұрын
Congratulations.
@Rishabh-Dev
@Rishabh-Dev Жыл бұрын
@@Novastar.SaberCombat Thanks.👍 You can also outsource your very own mini farm here. You know, as for backup.
@abnormal010
@abnormal010 Жыл бұрын
Farmers need not worry about recession that much.
@Rishabh-Dev
@Rishabh-Dev Жыл бұрын
@@abnormal010 Yeah pretty much.
@EdgarGomez-nx2dr
@EdgarGomez-nx2dr Жыл бұрын
Have you seen an increase in costs to maintain your farm?
@atranimecs
@atranimecs Жыл бұрын
A population can be employed and still be poor, I hate the way they try to frame employment rates in the US where wages dont keep up with rising cost of living. There are the "working homeless". Work 40 hours a week but cant afford rent or a house.
@reginaburks7414
@reginaburks7414 Жыл бұрын
@@donm5717 It is! The homeless person is considered to be committing a crime by not being able to afford housing.
@perrytalor842
@perrytalor842 Жыл бұрын
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
@tonyrichards1476
@tonyrichards1476 Жыл бұрын
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
@leahzoe3667
@leahzoe3667 Жыл бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@hesleybrown4958
@hesleybrown4958 Жыл бұрын
@Camila Aria Wow I know Mrs Naomi and I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her.
@dorothysharon8351
@dorothysharon8351 Жыл бұрын
Her success story is everywhere. I keep on hearing expert Mrs Naomi's name being mentioned here and other platforms, Does she really worth the credits and reviews?
@danielharris7269
@danielharris7269 Жыл бұрын
@@dorothysharon8351 yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
@zahairobrian671
@zahairobrian671 Жыл бұрын
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
@kaylawood9053
@kaylawood9053 Жыл бұрын
@Roland Ray You need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@albacus2400BC
@albacus2400BC Жыл бұрын
@@kaylawood9053 I agree with you totally, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Advi-ser named “Sharon Louise Count. She is verifiable, Her approach is transparent, allowing full ownership and control of my port-folio with very reasonable fees relative to my portfolio earnings.
@cloudyblaze7916
@cloudyblaze7916 Жыл бұрын
@@albacus2400BC I know I've wanted to start inve-sting for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are her servces like?
@albacus2400BC
@albacus2400BC Жыл бұрын
@@cloudyblaze7916 You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage, just search her full name
@Sweethands4
@Sweethands4 Жыл бұрын
Where'd you go to school and what did you study?
@trevorrothall9628
@trevorrothall9628 Жыл бұрын
Greed is ruining our world. The usual... the few, screwing the many.
@Mic_Glow
@Mic_Glow Жыл бұрын
"struggle to hire workers" If they offer a "competitive" 2014 salary in november 2022, no wonder they do "high inflation is a challenge for ̶a̶l̶l̶ ̶o̶f̶ ̶u̶s̶ poor people" If food, heating, loan/ rent etc. takes 10% of one's salary and now due to inflation it takes 20% instead, it's not a problem. If it took 50% (or more) and now 100%, suddenly you have to make choices if you gonna heat your home or eat.
@kristinamelnichenko5775
@kristinamelnichenko5775 Жыл бұрын
When economists keep saying they are confused by low unemployment rates coupled with a bad economy maybe it’s time to update how we calculate unemployment rates.
@archangele1
@archangele1 Жыл бұрын
Exactly!!!!! But the only people who feel this are the ones who don't make those six and seven figure incomes. The thing is that a huge percentage of Americans make under 50K a year but they are so busy trying to make ends meet via working long hours that you don't hear much from them since they don't have time to be jerking around on social media or protesting.
@willyholdsman3956
@willyholdsman3956 Жыл бұрын
The oligarchs will make WW III with poor people by the inflation, who will fight to survive against Russia and China.... History is also recycled....
@farmergiles1065
@farmergiles1065 Жыл бұрын
And if it becomes a choice of having a home and eating, well, often that becomes a choice of eating. I never hear about causes of homelessness, only complaints about the mess it leaves behind. Economists focus on things like costs. Why is there no focus on people?
@djondjon
@djondjon Жыл бұрын
@@kristinamelnichenko5775 ... or maybe it's time to rein in the CEOs and rich, whose pockets are seeing fantastic profits, while the rest of us are financing it and suffering.
@rsmith4339
@rsmith4339 Жыл бұрын
It just feels like we've been bouncing from crisis to crisis for so long I can't remember a time before . You are incorrect about the '08 crisis . The inciting incedent was NOT people defaulting on loans . It was derivatives fraudulently overvalued (under risked) held by over leveraged investors being discovered . (edit:) It was the investors who were irresponsible . The homeowners may or may not have been .
@daarom3472
@daarom3472 Жыл бұрын
Part of these derivatives were based on the home-owners though. And part of these home-owners could've (should've) known better.
@FromDesertTown
@FromDesertTown Жыл бұрын
Hedge funds are always behind market crashes these days. Their quant algorithms give them absolute power over markets.
@maximusasauluk7359
@maximusasauluk7359 Жыл бұрын
That's because we have... it's actually considered "normal" by specialists, although this time it's a bit different. On average, there is a financial related crisis about every 15 years, last one was in 2008/2009 so we're right on schedule there...
@kensmechanicalaffair
@kensmechanicalaffair Жыл бұрын
The Government allowed bankers to practically gamble using instruments created by a computer.
@jannd8170
@jannd8170 Жыл бұрын
@@daarom3472 if you’re excited about buying a home and the bank is telling you you can afford it who are you to question them? Banks were very happy to lend subprime mortgages knowing they sold off the risk.
@studyonline4763
@studyonline4763 Жыл бұрын
The 'economists' say that unemployment is the "lowest" in a long time. But all we read and hear about are mass sackings by Amazon, Meta, Twitter, etc, and not much about hirings. Oh, maybe more folks are washing cars, waiting at tables, flipping burgers.. But car sales are down and people eat out less...
@kristinamelnichenko5775
@kristinamelnichenko5775 Жыл бұрын
💯💯💯
@Angry-Lynx
@Angry-Lynx Жыл бұрын
Last time i checked there are still queues to buy new cars - demand is bigger than supply
@nomaticors
@nomaticors Жыл бұрын
And when everything crumbles, only big business will be bailed out.
@Novastar.SaberCombat
@Novastar.SaberCombat Жыл бұрын
Of course. Those with coin, connections, clout, control, computer code, communities, and opportunities will ALWAYS have advantages which the poor will never, ever have. 99% of the population of Earth are slaves, but they just don't want to FACE that fact. It's too difficult to accept, because it means that they MUST acknowledge that they were born a slave, "lived" as one, and will soon DIE as one! 😂🤣😂
@TerryArthur
@TerryArthur Жыл бұрын
the only reason we are addicted to constant growth is rapacious greed, population and economies cannot continue to grow forever
@retwerts
@retwerts Жыл бұрын
Yes, you can and actually constant recession and/or stagnation has been linked to social disruptions, depression, reduce quality of life, etc. Unless you believe that every technology has already been invented and all economies operate at 100% optimum productivity, then you have plenty of room for growth. Not to mention the labor participation rate globally is at decade time low.
@robertwalker5521
@robertwalker5521 Жыл бұрын
A massive, massive "Wuhan" that is fully resistable to medicine will solve this problem.
@gintim8
@gintim8 Жыл бұрын
"This time is different" - No recession has ever been the same.
@D_Rogers
@D_Rogers Жыл бұрын
Fragility of global supply chains was always apparent.. But neither business bosses nor politicians are strongly incentivised for long-term thinking and planning....
@williamyoung9401
@williamyoung9401 Жыл бұрын
1%: "Why isn't Economy growing?" Everyone with a brain: "Because no one has any money." 1%: "What do you mean no one has any money? I haven't paid taxes in years!"
@zotac1018
@zotac1018 Жыл бұрын
All this is compounded by the fact that wealth inequality in almost every country is at its all time high and hence this is creating a highly divided society with almost two different realities. Reminds me of how 21st century tech dystopia's are imagined in fiction.
@sonnyjohnson8887
@sonnyjohnson8887 Жыл бұрын
we're already red/ blue team .. soon they'll pick up there guns
@_Painted
@_Painted Жыл бұрын
I think people are more depressed and lonely than likely any other time in history. Isolation got worse after quarantine but it’s a bigger problem than that. If I had a family to provide for, I would have an easier time motivating myself to go on living and working as hard as I can. As it is, I can work hard in hopes for more money, but there is no guarantee that working harder will even be rewarded and even saving money feels bad when most investments are losing value this year. Also the goal of money is to one day no longer need to work, so if that doesn’t feel likely or possible via saving then it feels like we’re just modern slaves (not blaming specific employers, but the whole economic system). The constant reminder that our efforts might be wiped out by nuclear war doesn’t help either. The economy can’t thrive on a population this demoralized and sad.
@suportbghelp4938
@suportbghelp4938 Жыл бұрын
"I'm the way, the truth and the life...", but first you need to lose material world commitment.
@gman7497
@gman7497 Жыл бұрын
I agree, it's just an unprecedented combination of Covid, Ukraine, and I think the isolating effect of modern technology that is causing the global economy to crack. If the war situation can be resolved that's one less destabilizing factor, the Covid thing is slowly receding in people's minds as a concern, although there's still places where regulations are strict. I don't think anything can be fixed immediately but two of these three factors are not permanent, so there's reason for optimism.
@TheSoftestGirlYouKnow
@TheSoftestGirlYouKnow Жыл бұрын
I really feel you... Finding my own intrinsic motivations for everything I do in life rather than extrinsic motivations has been life changing for me. Elizabeth Phelps has a great video on this called "You Don't Hate It: How to NOT Quit Everything You Start". For example, making money is something that I "should" want, but it's not enough to motivate me, etc. I hope this change in perspective can help you, too.
@zadovrus1624
@zadovrus1624 Жыл бұрын
@@gman7497 it's not that simple, what makes this recession global is the fact that USA offloads it's own recession to other countries via dollar. If the dollar will cease to be the default global currency the USA will plunge deeper into recession
@mutkaluikkunen3926
@mutkaluikkunen3926 Жыл бұрын
I'm not really worrying about things like nuclear war in terms of what will happen to the fruits of my labour at that point. I don't have a family either and I'm not planning to have to one. I'm pretty well off with my salary and able to put a bit part of it into savings every month. But yeah, we are modern slaves. That's one reason why I will not have kids. I don't wish this reality onto anyone whom cannot choose it. From the age of 6-7 we start school, which is essentially just preparing us for the lifetime of work ahead of us and then we start working. Lucky ones find a job which they like and find fulfilling. For the rest of us, it's just a means to an end. Not really satisfying, but something you have to do to get bills paid.
@Ethaara
@Ethaara Жыл бұрын
Nice, another once in a lifetime event. As a millenial, it is the 4th or 5th? Something like that. Honestly I have a feeling that we are in a constant crisis, and this let me beleive the system is just flawd in its core.
@live_free_or_perish
@live_free_or_perish Жыл бұрын
Great work 👏 a very clear explanation 👏
@justinhuizinga4443
@justinhuizinga4443 Жыл бұрын
There is one element I miss and that is that prices of non scarce goods are also increasing. It is also companies hicking prices to increase profit, which of course is good for their growth... but in the end this extra money ends up in the pockets of the rich. Profit margins are the highest ever. At the same time salaries are stagnant. When considering inflation it is actually a pay cut. The rich are getting richer and everyone else gets poorer, and products are getting cheaper and shittier. I just wish it became more the norm that wealth should be distributed more evenly and that we change the economic system from a capitalism based into something a bit more social. Who cares how high economic growth is, when everybody is better off. Well I guess the rich won'l like it :P
@danjones5119
@danjones5119 Жыл бұрын
The thing not mentioned here, and elsewhere in the media in the US is that most (jobs ) are part time , low wage thats why (We are Hiring signs are always up.) Funny thats always missing.
@kristinamelnichenko5775
@kristinamelnichenko5775 Жыл бұрын
Economists keep saying they are confused by low unemployment rates coupled with economic insecurity. Sounds like it’s time to update how that rate is calculated. They also did not mention trillions of dollars printed to protect companies from the pandemic.
@danjones5119
@danjones5119 Жыл бұрын
@@kristinamelnichenko5775 They should take a walk on the streets .Ya companies need more money to steal from the consumer.
@miseno2531
@miseno2531 Жыл бұрын
Every time central banks created an investment bubble it eventually bursted into their face. Instead of admitting mistakes they always just reinflate a bigger bubble. This is the second biggest bubble they can inflate - bond bubble (Bonds are trash). A bigger one is only currency bubble, which leads to hyperinflation like in Venezuela. Major central banks will soon face a decision between economy and price stability.
@stephengrant7627
@stephengrant7627 Жыл бұрын
It never bursts in their face though, it bursts in ours...
@marshhen
@marshhen Жыл бұрын
How are bonds "trash", explain please.
@miseno2531
@miseno2531 Жыл бұрын
@@stephengrant7627 Thanks for correction. :)
@miseno2531
@miseno2531 Жыл бұрын
​@@marshhen All financial assets (cash, bonds, crypto, fin. derivates) are eventually just claim checks on real things - cars, houses, food, weapons etc. Bond is a promise to pay you cash in some currency on a future date. Value of currency is being determined by how many people want it (and save it) and by how much of the currency there actually is. Most bonds in circulation are denominated in western currencies (yen, pound, euro or dollar) and are based on previous low interest rates. What is happening now is that interest rates go higher so price of existing bonds go down to match the price of the new ones paying higher interest. Soon they will go lower when people start to realize that those central banks cant stop inflation because they have too much debt - mostly due to boomer's pensions. It is very similar situation that lead to the French revolution in France at the end of 18th century. Always remember - debt is borrowing luck from future and is not free, someone somewhere at some point in time eventually pays for it.
@Rnankn
@Rnankn Жыл бұрын
@@miseno2531 Yes, and the existing financial capital is all issued as debt, which makes claims on future resources that exceed those resources. And its rate of growth exceeds the rate at which the underlying natural system is able to restore itself. However, most real assets are implicated in that system by virtue of property and ownership law which are unlikely to exist if currency collapses. Which only brings us back to the primacy of community - but the need communities that are equitable and sustainable. Not based on individually chasing financial claims worth less and less, while excluding as many other people as possible. In other words, the simple solution is right in front of us, but people can’t or don’t want to see it.
@ladymorwendaebrethil-feani4031
@ladymorwendaebrethil-feani4031 Жыл бұрын
Before economic crises occurred every 30 years. Then they happened once a decade. Now they occur once every two years.
@GjaP_242
@GjaP_242 Жыл бұрын
A recession occurs when a region's economy declines over several months or even years. To help prepare for a recession, job loss or other financial hurdle, aim to build an emergency fund that covers three to six months of living expenses. If you're falling behind in debt payments, reach out to your creditors and ask for hardship concessions. Source: Equifax
@Briggsian
@Briggsian Жыл бұрын
It's almost like the entire global economy is fundamentally unsustainable. If only this sort of thing could've been predicted...
@bradspaugh9827
@bradspaugh9827 Жыл бұрын
What? We cant have exponential growth forever?
@chris.bcfc.keeprighton.5685
@chris.bcfc.keeprighton.5685 Жыл бұрын
Marx predicted that the world's capitalist system would eventually collapse because it is inherently flawed. Seems to me that we are seeing part of this collapse. We seem to be going backwards. Has the world's capitalist system already peaked? Have we seen the best of the capitalist system?
@AaronOkeanos
@AaronOkeanos Жыл бұрын
Suggestion: Tell Corporations being less greedy for a while and reduce profit margin for a better tomorrow. Workforce costs are only 7.9% per workunit but 59% are profits. And if they don't force them by legislation and/or higher taxes and distribute the tax-money back to the people to offset inflation.
@anuragshukla9214
@anuragshukla9214 Жыл бұрын
Bro, giving people more money would only increase inflation, right?? There is no shortage of cash, problem is supply chain disruption.
@dandylandpuffplaysminecraf8744
@dandylandpuffplaysminecraf8744 Жыл бұрын
@@anuragshukla9214 people??? Didn’t the US determine corporations are people? Those drat people cause all the problems.
@AaronOkeanos
@AaronOkeanos Жыл бұрын
@@anuragshukla9214 So you swallowed this lis about Spending = Inflation? Congrats you have been gaslighted for decades.
@tims7250
@tims7250 Жыл бұрын
@@anuragshukla9214 this is a false narrative, the reason why govs dislike it's population having a more even distribution of money is because usage of credit will drop and that's a major wealth creator whilst removing the ability of the 99% to own assests outright ⬆️
@simonpetrikov3992
@simonpetrikov3992 Жыл бұрын
@@AaronOkeanos also what causes inflation is also lots of money printing or is all capitalist adjacent schools of economics just wrong because I don’t want to hear the dumb idea that Stuff like the subjective theory of value is wrong
@luciusdomitiusaurelianus1024
@luciusdomitiusaurelianus1024 Жыл бұрын
You can't just print money out of thin air and expect good things to happen. lol
@tomlxyz
@tomlxyz Жыл бұрын
Back in 2008 the amount of money increased a lot too and inflation stayed low
@saturationstation1446
@saturationstation1446 Жыл бұрын
do you think money formed the earth and created humans? wtf is wrong with well off peoples brains...
@charaznable1131
@charaznable1131 Жыл бұрын
Yeah next time i will print money I'll will check weather war will not start in the 6 year or so ......
@nsevv
@nsevv Жыл бұрын
Tell that to china. lol.
@charaznable1131
@charaznable1131 Жыл бұрын
@@nsevv what are you talking about???
@krazy6827
@krazy6827 Жыл бұрын
I can understand that there are many factors today, but isn’t the elephant in the room the fact that printing money was how the bail outs and the cost of covid were paid for and the consequence is now hyperinflation? I wonder why nobody seems to mention or provide some analysis on the impact this has had or am I oversimplifying it (I.e. More money in circulation = higher cost of goods)?
@UncompressedWAVmusic
@UncompressedWAVmusic Жыл бұрын
Great reporting. Thank you Marie Sina.
@albertli3935
@albertli3935 Жыл бұрын
We have no one to blame for these crisis but ourselves: We elect a bunch of incompetent politicians who only focus ideology and interest of the big corporation the party and the rich. Sanctioning, trade and chip wars are all hurting our cost of living , disrupting supply chains ,energy and food.
@ohmsragudo8867
@ohmsragudo8867 Жыл бұрын
These are just info war. The truth is far from reality. Pandemic disrupted demand and supply and the only way to control these crises is to deceive the consumers. I no longer trust the social media. Go out there in the real world far. You will see.. DW is just a tool like religion and rule of law.. We are not zombies controlled by the digital world.
@cameron6770
@cameron6770 Жыл бұрын
Energy and food stability are also important though. Our vulnerability due to our reliance on Russian fossil fuels has been exposed this year, as well as the effect the loss of Ukrainian grain has had on the world food supply. Temporary hurt in order to transition to a more stable energy supply chain might not be the worst in the long run, it makes no sense to rely on a supplier who's willing to shut off the tap in the name of territorial expansion. Edit: typo: "fuel" instead of "food"
@donnairn3419
@donnairn3419 Жыл бұрын
If there are no competent candidates standing for election how do you get competent politicians?
@n7warhound885
@n7warhound885 Жыл бұрын
It’s never that simple and even more no political entity will serve you the results you desire
@donr123
@donr123 Жыл бұрын
This is all the result of corruption of government on a global scale. These politicians all knowingly went down this road, cause instability is the goal.
@rexpeterson5729
@rexpeterson5729 Жыл бұрын
Excellent presentation. The agricultural component is also complicated by drought in Europe, China, the American California Central Valley and the Great Plains and the developing drought in South America.
@danielhutchinson6604
@danielhutchinson6604 Жыл бұрын
Bernanke and Paulson delayed the 2008 problems with Credit Cards. That is a brief explanation of how that Crisis was overcome. The problem with ignoring the debt that Credit creates, is the issue of eventual Sovereign Debt. The GDP needs a flow of funds to enable paying off $31 trillion worth of debt. Ag Commodities now are a major ingredient in economic issues. Russia was providing major quantities of Grain and Fertilizer. Sanctions have created major economic issues associated with that plan. The idea of removing that group of commodities from markets appears to have failed? Putin apparently noticed the support for the flow of phosphates, then he limited the amount, increasing prices for that commodity, as it strengthened the flow of funds to Russia. Mexico bought some Corn. That appears to be a one time effort to buy $6 Corn. As dry weather cuts into Corn production, the ability of the US to compete, seems to grow dim. Economic Warfare has many facets. Ag Commodities are just one.....
@jannd8170
@jannd8170 Жыл бұрын
So all over the world then? Climate change is great.
@danielhutchinson6604
@danielhutchinson6604 Жыл бұрын
@@jannd8170 Sales of Air Conditioned Tractors appears to be improving?
@Allaiya.
@Allaiya. Жыл бұрын
And vice versa, flooding in other parts of the world.
@ChatGPT1111
@ChatGPT1111 Жыл бұрын
Doesn't help that the U.S. is taking on 10x the debt compared with the GDP growth. They are buying votes at the expense of our children since they will be out of office with their cushy lifetime pensions. Plus, they've crippled our energy production which would've made us a gigantic Dubai under Trump.
@belybalo8579
@belybalo8579 Жыл бұрын
Explanations crystal clear! Thank you for the video
@axlcrush
@axlcrush Жыл бұрын
Great summary and informative, such that the lay person can understand.
@laylaperez2507
@laylaperez2507 Жыл бұрын
I’m definitely feeling it the past 2 years I had money put away and I was able to go on vacation twice in Florida and kept saving, now is like I’m eating away my savings by monthly expenses even when I cut down a lot of things 4000 is my monthly expenses and I can’t even afford half no money left for anything instead missing money to cover my expenses is becoming to much feels like things are going to get a lil worse before they get better
@908FE
@908FE Жыл бұрын
You spend 4.000 US$ a month? What's your biggest expense?
@laylaperez2507
@laylaperez2507 Жыл бұрын
@@908FE just rent alone is 2000 plus my car insurance, bills, food I live in Massachusetts so rent could be expensive here I have try to cut down in a lot of things still not making ends meet lately light bills went up 64% to pay 5.69US$ on a carton of eggs when it was 2.59 the difference is noted I have one child and 281 a month for food will not give for the whole month even when I stretch it to 3 weeks. I have been thinking moving to another state maybe Ohio my friend lives there and she’s doing pretty good she pays 800 for a whole house when I’m paying 2000 for a 2 bedroom apartment 🤦🏻‍♀️
@Hacking-NASSA-with-HTML
@Hacking-NASSA-with-HTML Жыл бұрын
at 20:24 "standing up for democracy" and then laughing 🤣🤣🤣👍❤❤❤ it's priceless
@Hacking-NASSA-with-HTML
@Hacking-NASSA-with-HTML Жыл бұрын
there we can see true colors
@Hacking-NASSA-with-HTML
@Hacking-NASSA-with-HTML Жыл бұрын
are there psychologists🤔? our subconscious is really strong thing, isn't it?
@Hacking-NASSA-with-HTML
@Hacking-NASSA-with-HTML Жыл бұрын
And 21:14 "and force poo to to to to to to" 🤣🤣🤣👍 JUST SAY IT LOUDLY - "force poo to give gas for free!!!"
@cassiecallan2311
@cassiecallan2311 Жыл бұрын
you have glossed over the problems completely! you are leaving OUT the most important factors
@waseemkhan-cg3wr
@waseemkhan-cg3wr Жыл бұрын
hats off to you Marie
@kristinamelnichenko5775
@kristinamelnichenko5775 Жыл бұрын
Trillions of dollars printed to protect companies from the pandemic is not mentioned as a source of inflation but fighting for democracy is. Quite the take
@davideriolhickman876
@davideriolhickman876 Жыл бұрын
Unemployment is low due to the number of people working multiple jobs... and still struggling to make ends meet
@parkerbohnn
@parkerbohnn Жыл бұрын
In Canada no one works more than one job.
@Samueltoucan2022
@Samueltoucan2022 Жыл бұрын
@@parkerbohnn Lies! I work 3
@domcizek
@domcizek Жыл бұрын
WELL, THERE ARE NOW OVER 5 TO 10 MILLION JOBS NOW GOING BEGGING, COULD IT BE THAT THERE ARE NO LONGER ENOUGH PEOPLE IN AMERICA TO WORK, ?? IN THE LONG RUN ALL BIRTH RATES AROUND THE WORLD ARE GOING DOWN AND MANY ARE IN A TOTAL COLLAPSE, AND CAN NOT RECOVER, NO WORKERS, NO FACTORIES CAN STAY OPEN , SO, A LONG TERM RECESSION IS NOW IN THE WORKS AROUND THE WORLD, AND CAN NOT BE STOPPED
@parkerbohnn
@parkerbohnn Жыл бұрын
@@domcizek The new workers in the workforce are finding out a job doesn't lead to financial independence like it used to some 40 years ago. So why work at all if you know you'll just end up broke by age 60?
@domcizek
@domcizek Жыл бұрын
@@parkerbohnn WELL, IF THEY HAD A PART-TIME JOB THEY COULD JUST LIVE IN AN OLD RV, TRAVEL AND PICK UP JOBS HERE AND THERE,
@geoffreyharris5931
@geoffreyharris5931 Жыл бұрын
Am not worried. Hardly notice any problems at all. Am sitting back collecting dividends, interest, labor money, ip revenue etc.
@Eric-lx8hp
@Eric-lx8hp Жыл бұрын
What a revelation! Stop printing money out of thin air... GENIUSES
@madcow3417
@madcow3417 Жыл бұрын
3:00 Comparing to 2021 growth is deceptive. 2021's GDP grew relative to 2020's because 2020 was an unusual year of lockdowns. I would look at trends as far back as 2015 to get recent trends, or 1980 for longer term trends.
@HenyaGirl
@HenyaGirl Жыл бұрын
@DW News.👍 Thank You! This episode was Very enlightening. We're all feeling the pain, but ordinary people also need to understand how this pain came about, and how to prepare for the future. The Presenter was very good at explaining complex economic systems and helped me understand the economic mechanisms that play a big role in normal people's lives.
@danielhutchinson6604
@danielhutchinson6604 Жыл бұрын
DW displays a distinct Bias. The influence of US producers seems to have considerable effects on their programming. Their methods appear to discount a lot of reality as Economic Warfare rages?
@philipokarol4876
@philipokarol4876 Жыл бұрын
Except she intentionally never mention EU&US sanctions against Russia! Hypocritical
@rka-truthalwayswins5127
@rka-truthalwayswins5127 Жыл бұрын
@@philipokarol4876 Correct!! DW Germany is just an American pawn Spinning narrative for it's American master!!
@minimaxmiaandme.4971
@minimaxmiaandme.4971 Жыл бұрын
@@philipokarol4876 Because it doesn't matter, only to the Russians does it matter. You think you know better than professional economists, don't make me laugh.
@alicelald148
@alicelald148 Жыл бұрын
Informative, well-presented and on point. Thank you, I really enjoyed watching!
@___beyondhorizon4664
@___beyondhorizon4664 Жыл бұрын
As the results of the 2008 financial crisis, I took a teaching job in Guangzhou china from 2009-2013. There was no recession during the period in China, the rich were spending like no tomorrow. The pay isn't great but every quarter, we had a week off. I traveled all over China, Italy, Greece, France because the flights from Hong Kong were reasonable. I stayed in hostels to keep my budget low. Foreign workers can only transfer out of the country with maximum of $500/day. This is to keep the local economy going. Recent policy has changed, private tuitiors are not allowed anymore, I guess private tuitiors/ schools can't operate anymore. I'm glad I'm out of china, zero COVID for 3 years can break down mental health and the economy. Now we just have to survive 2022/23 recession, cut everything that is no- essential. I was at a job fair 2 days ago, a lady still wants to pursue her cosmetology ambition. I tried to hint that people are trying to spend on essential things, rent, food, heating bills, getting a facial is non essential...
@thaysapc3058
@thaysapc3058 Жыл бұрын
Hi, I am not a cosmetologist, and I agree that getting a facial is non essential, however, according to research, historically, beauty has been recession-proof.
@zaferatik6632
@zaferatik6632 Жыл бұрын
A good facial is always needed 😅
@mytravls
@mytravls Жыл бұрын
Yeah, but it does make sense to learn a new skill if they gave the resources
@Iquey
@Iquey Жыл бұрын
@@thaysapc3058 right?! People also need good haircuts and hair color for say, making a good impression at job interviews. Not everyone is great at DIY hair/skincare.
@shannondavis5728
@shannondavis5728 Жыл бұрын
This hurts poor people not wealthy people!!!!…..100% of them have resources and positioned themselves very well because they can afford too!!!
@krishjohan7
@krishjohan7 Жыл бұрын
1:17 The wisest thing that should be on Everyone's mind currently should be to invest in different streams of income that doesn't depend on govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencie (BTC,ETH)
@elenorerivera9983
@elenorerivera9983 Жыл бұрын
Reading these comments encourages me alot, I have come across this Fx Jessica Leigh Caden many times in review. I would love to communicate with her💪. Thanks for sharing this 👍
@johnsonvicks3415
@johnsonvicks3415 Жыл бұрын
@@somasharks3836 Her good works is speaking for her, only the skeptical wait for other before trying to an investment opportunity. I'm very satisfied with my BTC in 2021 as I achieved a total ROI of over 4.7 BTC.
@TheSpoovy
@TheSpoovy Жыл бұрын
A very sensible overview. I wish we had media like this in the UK instead of the bozos we have, who completely disregard Covid, China's zero covid policy, proxy war with Russia (!), etc, and simply demand an instant return to past prosperity. Demanding the impossible from politicians inevitably causes political instability, which only makes the problems harder to deal with.
@cetocoquinto4704
@cetocoquinto4704 Жыл бұрын
Nice presentation DW..here in my country philippines, prices on commodities are going crazy.
@trishsoha
@trishsoha Жыл бұрын
Can't lie, I'm kind of loving 20:54 with the trainers moving slowly in the wind.
@aheimdahl5201
@aheimdahl5201 Жыл бұрын
The Job market in the US may look good, but what is the _quality_ of those Jobs? If that Job doesn't pay enough for even essentials, then the Job Market isn't as rosy as it looks.
@samecrap
@samecrap Жыл бұрын
I'm curious about those GDP growth figures from 2021 being so much higher (3:05 in the video). This video also mentioned that there is no shortage of "cash" - Question: Want about the crypto movement? Is that playing a roll and impacting this situation? I found it interesting that it wasn't mentioned at all. Crypto certainly reminds me of all those "bad loans" from the last recession.
@Kannot2023
@Kannot2023 Жыл бұрын
If the inflation is caused by lack of product, raising interest rate don't help, on contrary they stop investment. In '90 in Romania we had same problem few products and they increased interested rate, it was 30% minimum. They didn't solve anything
@metodinedev4983
@metodinedev4983 Жыл бұрын
I think, that all said in the video can be fit in two words - human degradation. There are no values anymore, no human relationships. It's all around the money. But money shouldn't be the center. And of course the situation proves it... people don't have the will to do anything, or just prefer to go down the drain... it's sad but that's life. When people are less - the value is bigger
@thecreativemastermin
@thecreativemastermin Жыл бұрын
Big fan of DW News' reporting and especially your KZbin hook guy
@AndreiPascale
@AndreiPascale Жыл бұрын
Well done. Very informative!
@Western_Decline
@Western_Decline Жыл бұрын
not really. It obscures the very real solution. Stop sending billions in weapons to Ukraine and end the useless sanctions on Russian energy.
@getjacked107
@getjacked107 Жыл бұрын
one option always in front of us, make agriculture easy while change mindset to live a farmer's life
@ameliagarcia440
@ameliagarcia440 Жыл бұрын
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stoc,ks, Gold, silver and digital currencies.
@luciamason
@luciamason Жыл бұрын
The key to high returns is not large moving stochastics. It is the management of risk in relation to reward. Putting on the appropriate size and twisting your edge as many times as necessary to achieve your aim. That applies to everything from long-term investing to day trading.
@gabrielaethan4092
@gabrielaethan4092 Жыл бұрын
@@luciamason Even with the right technique and assets, some investors will still outperform others. As an investor, you should have realized by now that nothing beats experience. Personally, I had to reach out to a market analyst for guidance, which is how I was able to grow my account close to a million, withdraw my profits right before the correction, and now I'm buying again.
@luciamason
@luciamason Жыл бұрын
@@gabrielaethan4092 That's quite impressive! I could definitely benefit from the experience of these advisors, as my portfolio has been performing poorly....who is helping you?
@gabrielaethan4092
@gabrielaethan4092 Жыл бұрын
@@luciamason You can use a search engine to hunt for Susan Lorraine Curry . However, I'm not certain that I can bring this up. In 2020, she attracted a lot of attention. She manages my portfolio and serves as my mentor
@SchgurmTewehr
@SchgurmTewehr Жыл бұрын
It is sad every time I hear something like this even though I already know. Who else knows that empathy sometimes really hurts?
@MJ-px2df
@MJ-px2df Жыл бұрын
I wish this piece went into who stands to benefit from global inflation, and why that matters.
@JeepCherokeeful
@JeepCherokeeful Жыл бұрын
It’s DW, of course not;(
@joebloggs5271
@joebloggs5271 Жыл бұрын
I've been waiting for this for as long as I've known economics. Growth cannot last forever and most assets were seriously overvalued so I didn't buy, just wait and keep saving... my siblings who purchased at the heights looked down on me as "missing the bus" but now are getting upset that I'm positioned to capitalise greatly on a number of asset classes to level the playing field.
@reginafisher9919
@reginafisher9919 Жыл бұрын
My husband and I have put a stop to any frivolous spending we no longer will go on a vacation, we very rarely go out to eat at a sit-down restaurant maybe three times a year. We use coupons for takeout, we buy the cheapest candles at Dollar tree for a dollar 29, we put our heat down to 64° before we leave the house every day. We don't use lights unless we have to. We are done with the consumerism we will not be exchanging gifts for Christmas or birthdays or anniversaries we will be paying off our debts and that is it that is the goal nothing else nothing new. We will shop at the Goodwill if we have to have something or a thrift store and get it cheap.
@Allaiya.
@Allaiya. Жыл бұрын
Honestly, I am surprised it didn't happen sooner. Life is nothing but booms & busts. Though they do seem to be getting bigger..
@lib1007
@lib1007 Жыл бұрын
Absolutely agree
@MrVanillaCaramel
@MrVanillaCaramel Жыл бұрын
It makes you wonder whether it's a real recession or just a cluster of shortages.
@kumara4250
@kumara4250 Жыл бұрын
in recession, people give priority to only food, shelter (probably a rented cheap one instead of a luxurious one )and medicines only. they minimises purchases, inturn it results in winding up of businesses, vanishing markets, ultimately chaos.
@00bikeboy
@00bikeboy Жыл бұрын
Informative, thank you.
@akashkaintura4740
@akashkaintura4740 Жыл бұрын
If China, Europe, USA is heading towards Recession India has chance only if it's economy plays the policies well not to fight with other nations and also provide Market and ask others to open their markets for the products
@cinpeace353
@cinpeace353 Жыл бұрын
One of the problem that countries are facing is US exporting their inflation through higher US dollar as most trades in the world are settled in US dollar. It is possible to see more countries starting to adopt other currencies as part of their trade settlements in coming future.
@marktn9851
@marktn9851 Жыл бұрын
It’s how cancer cells r cut away if a person got cancer.
@casteretpollux
@casteretpollux Жыл бұрын
The way this works is other countries get less goods for their units of currency. It is high time the overvalued dollar was pit into a non reserve position.
@Rnankn
@Rnankn Жыл бұрын
So what will replace it, then?
@Ryanowning
@Ryanowning Жыл бұрын
People would take your comment seriously if it wasn't for everyone dropping their currencies in order to buy the dollar right now...
@ireneswackyjournals8810
@ireneswackyjournals8810 Жыл бұрын
Let me see you mean the Chinese one? Good luck. So basically you move from one to another that isn’t as reliable.
@robvannNS
@robvannNS Жыл бұрын
Russia was an extremely reliable energy supplier until the US and the UK told Europe to stop buying energy from Russia. It clearly shows how these countries are cliant states of the US..and surprisingly the UK.
@blueskiesandgreenpasturesp3848
@blueskiesandgreenpasturesp3848 Жыл бұрын
Government budgets were not squeezed. Austerity was not their only option. It was the one that worked for them.
@maboo736
@maboo736 Жыл бұрын
The US is already in a technical recession of 2 consecutive negative GRP growth. It appears that the tight labour market is bolstering the impact of high inflation, which is inevitable due to supply chain constrains and high demand. Developed markets are generally still in a good shape so long as employment remains healthy. However, the service economy has signs of slowing down. We must ensure that productivity in the economy is directed towards increasing food and energy security in order to mitigate the cost of living crisis. This is a global issue of paramount importance.
@domcizek
@domcizek Жыл бұрын
EVERYONE IS WORRIED ABOUT THE STOCK MARKET, THAT IS WRONG, ALL BIRTHRATES ARE GOING DOWN AROUND THE WORLD, THAT MEANS LESS PEOPLE TO BUY THINGS, AND LESS YOUNG PEOPLE TO CARE FOR ALL THE OLD PEOPLE THAT WILL BE INCREASING IN THE NEXT 30 YEARS,
@malachigillespie7470
@malachigillespie7470 Жыл бұрын
I appreciate this perspective and reporting so much! Please continue to make this series!
@MIchaelGuzman737
@MIchaelGuzman737 Жыл бұрын
Fortunes are built in the down market and accumulated in the up market. Dot-com bust, Great Recession, and now the "speculative asset" bubble, we're all the same: a great time for builders to build. I've sold a few houses in the Tampa area for pretty good money and am considering just leaving it in stock while waiting for a house crash and also avoiding inflation, but is this really a good time to buy stocks? to buy? I've heard it's a madhouse right now and I've heard a colleague of mine talk about making over $600,000 in profits and I'd like to know how.
@TruckeeFam
@TruckeeFam Жыл бұрын
What's needed? Liquid cash. Everyone only has credit. If you have stacks of cash, you can capitalize on everyone's credit. A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying.
@IAMBETTERTHANYYOU
@IAMBETTERTHANYYOU Жыл бұрын
When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.
@Ammo-Hoarder
@Ammo-Hoarder Жыл бұрын
@@IAMBETTERTHANYYOU I agree. Based on my personal experience working with an investment advisor, I currently have $585,000 in a well diversified portfolio that has experienced exponential growth. It's not just about having money to invest in stocks, you also need to have knowledgeable, persistent and strong hands to support it.
@MatthewVinson
@MatthewVinson Жыл бұрын
@@Ammo-Hoarder How can you get in touch with this investment advisor you mentioned?
@Ammo-Hoarder
@Ammo-Hoarder Жыл бұрын
@@MatthewVinson "JILL MARIE CARROLL" is the Invēstment Advisor. She has been a great help and her guidance has given me a greater understanding of profit generation. You can look up her name on the internet for her Website and contact her. Understands the job perfectly.
@ilhamagussalim9898
@ilhamagussalim9898 Жыл бұрын
Indonesia is thriving against all odds. It will be going stronger in 2023!
@Lambert7785
@Lambert7785 Жыл бұрын
great report - looks like a mess is here...
@louielouie7806
@louielouie7806 Жыл бұрын
The tech industry has laid off thens of thousands from Facebook, to Twitter, and Disney to Microsoft.
@sarcasmo57
@sarcasmo57 Жыл бұрын
Hope it all works out.
@lost_story7778
@lost_story7778 Жыл бұрын
Hope it does all good for you too. :)
@abl9268
@abl9268 Жыл бұрын
Yes, I agree
@bwanna23
@bwanna23 Жыл бұрын
The price of pet food has more than doubled in the U.S. It's hard to explain to them why their food allotment has diminished. They don't want to hear it!
@fl00fydragon
@fl00fydragon Жыл бұрын
Another crisis in our extremely flawed and increasingly outdated econoimc system. How many collapses should we go through until we realize that a steam age logistics system has become obsolete? The longer we treat capitalism as a religion we cannot criticize, let alone inventing a better alternative to replace it, the more catastrophes we will go through. Especially as we enter an era of globalized economics, fast travel, digital distribution and replication of information/media, advanced automation, biotechnology, 3D printing, etc. And that's before we take into account a potential transhumanist technological revolution that would be outright catastrophic if implemented/managed in a capitalist for-profit system.
@agape2500
@agape2500 Жыл бұрын
Every downturn presents an opportunity to get in. Patience and careful analysis will highlight opportunities. A train stops at the stations for people to get in. Likewise, downturns are just stops to get in. Patience will deliver results.
@itsjustmax5208
@itsjustmax5208 Жыл бұрын
I live in Indonesia, we actually have a pretty normal inflation of food and other stuff prices. But still, Indonesia like many people said is on the brink of a economic recession. Prices are stagnant, sales are going down pretty sharp, and unemployement is rising. these are what currently happening in Indonesia.
@ArmageddonIsHere
@ArmageddonIsHere Жыл бұрын
Then why was that DW video so different? It made it sound as if Indonesia is right now the fastest growing economy in the world and would remain so in the near future! Why is its view so divergent from yours?
@ucNguyen-qx2gs
@ucNguyen-qx2gs Жыл бұрын
Im vietnamese and im proud to see world biggest economy look us with a different eye
@snails6997
@snails6997 Жыл бұрын
Same here, buddy. I'm in Indonesia and seeing the world plunge to weird times.
@mamakaka73
@mamakaka73 Жыл бұрын
It's normal. Nothing can increase eternally. We have been too spoiled and now we see no solution. All we have to do is adapt and stop unproductive complaining. Times have been bad in the past. Millions have perished and have had miserable lives. We're still here.
@timgibney5590
@timgibney5590 Жыл бұрын
Exactly. people saying the high cost of living is why wages need to stop rising is because wages have increased way too high too quickly which makes producers raise prices because they can't afford more workers and this creates an inflation cycle. Maybe this wouldn't be happening if growth wasn't too eternal
@puffinjuice
@puffinjuice Жыл бұрын
It almost sounds like we are paying a fair price for energy and goods. I guess that's a positive thing for the health of the planet. Less wasted resources = a more sustainable planet :D
@ezza200
@ezza200 Жыл бұрын
If GDP is lower than inflation then that is negative growth. A talent shortage means that businesses can't afford to attract workers. Inflation is caused by money printing, money printing has destroyed the global financial system. We can't fix the problem until we recognize that there is a problem, and what the problem is.
@rohansolomon9901
@rohansolomon9901 Жыл бұрын
Great content. Shed some light
@joanweightman2275
@joanweightman2275 Жыл бұрын
There is a desperate need to re-evaluate real wealth. growing the sense of value and worth of humans has to be the new starting point. Every job and worker is important, but only those with high income have been valued for the last two decades. Every person needs a safe healthy home at a fair cost of living with enough left over...not huge bank vaults full of stagnating investments of the few. Diamonds and gold may as well have stayed in the earth where God placed them if people only grab and store for self. God gave global 'wealth' for ALL to share
@kensmechanicalaffair
@kensmechanicalaffair Жыл бұрын
They love capitalism when it benefits them, but when they inevitably start losing, they cry to the Government in the name of protecting jobs. That's not fair to any one, and creates more wage Gaps and inequality. My job is not more important than an actual free market, because I can always find another job.
@Macknull
@Macknull Жыл бұрын
Amen brother
@msimon6808
@msimon6808 Жыл бұрын
I was with you until the imaginary wealth part. Right at the beginning. Energy is life. Energy is wealth. Inequality is the motivation to produce wealth.
@Belfreyite
@Belfreyite Жыл бұрын
these are wise words, but as long as we have murdering psychopaths like Putin in our world, what hope?
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