Bullish: US Economy is Outsmarting Predictions | Martin Pelletier

Join us as financial expert Martin Pelletier navigates the surprising trends of the 2024 market. Delving into the energy sector's unexpected rise, the robustness of the US economy, and Alberta's promising economic future, Pelletier breaks down recession myths and highlights strategic investments for these unpredictable times.
#inflation #recession #USAvsCanada
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Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: bit.ly/BUYGoldSilver
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Guest: Martin Pelletier, Senior Portfolio Manager
Company: Wellington-Altus Private Counsel
advisor.wellington-altus.ca/t...
𝕏 @MPelletierCIO
Recording date: April 2nd, 2024
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Twitter: / soarfinancial
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Chapters & Timestamps:
00:00 - Intro
00:39 - Welcome & Guest Introduction
01:33 - Market Optimism & Corrections
02:31 - Energy Sector Performance
03:18 - Recession Fears & Economic Projections
04:36 - US vs. Canada Economic Analysis
05:34 - Political Motivations & Migration Trends
06:06 - Quality of Life & Economic Opportunities
07:01 - Affordability & Housing Market
07:53 - US Debt Structure & Mortgage Rates
08:52 - Housing Market Resilience
09:12 - Immigration & Housing Demand
10:08 - Canada's Economic Challenges
10:51 - Energy Sector's Role in the Economy
11:33 - National Unity & Economic Contributions
12:08 - Inflationary Pressures & Government Spending
13:12 - Inflation Trends & Expectations
14:21 - Deficit Spending & Economic Strategies
15:10 - Labor Productivity & Offshoring Trends
16:29 - Corporate Profitability & Technological Advancements
17:21 - Geopolitical Concerns & Economic Outlook
18:04 - AI's Role in Economic Productivity
19:16 - Productivity & Economic Challenges in Canada
20:11 - Deficit Spending & Economic Sustainability
21:05 - Investment Strategies & Market Positioning
22:06 - Debt Servicing & Economic Projections
23:15 - Government Changes & Economic Policy
24:13 - Economic Cycles & Market Predictions
25:14 - Elections & Economic Policy
26:05 - US Elections & Market Impact
27:18 - Geopolitical Risks & Portfolio Management
28:25 - Energy Market Analysis & Investment Perspectives
29:31 - Navigating Market Conditions & Investment Strategies
30:15 - Alternative Investments & Hedging Strategies
31:01 - Investment Allocation & Market Outlook
32:11 - Achieving Consistent Returns & Risk Management
33:05 - Market Predictions & Investment Approaches
34:09 - Investing $1 Million in Today's Market
35:20 - Protective Measures & Investment Opportunities
36:18 - Adapting Investment Strategies & Market Participation
37:12 - Market Euphoria & Investment Strategy Adjustments
38:32 - Conclusion & Future Topics
(AI generated)
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[@jackmadduxwillis8972]

At 8:20 this guy starts saying how during Covid it was great for people because they refinanced their mortgages at low rates, so they don't care about higher interest rates... But what about the lenders, the banks? That's terrible for the lenders of that money, who lose money on those mortgages! THat's why the banks are insolvent. Is that indicative of a "strong, robust" US economy? I think not!

[@jeffsurfanderson]

I can tell you in the United States got my food has gone up 20 to 22% my utilities have gone up 28 to 33% and my gas for my vehicles is gone up 46% and you say you think we're doing well hate to give you some bad news but we are becoming poor and poor faster than any other country the government's debts will never be paid the government is solvent there is an endpoint to the United States government and their fiscal spending. When the government monetizes the debt we will be in hyperinflation

[@213thAIB]

So that’s why gold is at a record high! We’re outsmarting everyone!

[@quintaviusbonaducci6606]

Cheap energy and the mirage of an unbacked fiat dollar are what is happening. These detached elite types need a re introduction to the concept of gravity.

[@jeffsurfanderson]

So he said because of the debts that he wanted to be in money and he's getting five and a quarter percent well just to give you bad news that the real inflation of the dollar is over 6% and not 3.2 like the reporting so you're actually losing money. You should be into physical gold it has gone up 25% in the last 6 months. That would be a no-brainer for me

[@justfedup]

Exactly, you’re in good shape when you make good money, wages are stagnant from 15 years ago.in 2007 you could quit and find a new job the same afternoon. Now it’s slow , super slow compared to that time

[@hildedewaele5069]

Hi Kai , I am a subscriber to your channel,, you are only talking with your guests about the US and Canada ! What about Europ ? Please react. Hilde from Belgium

[@SoarFinancially]

Hi Hilde - thanks for the comment - will make sure to chat more about Europe in the future where it fits in. Appreciate the feedback. Best, Kai

[@joshuareuss2472]

It’s getting really obvious to tell the difference between those who have never anything for a living and are just gamblers when it comes down to it and those of us who produce and create actual wealth.

[@JL-rd9bq]

This guy is full of it.

[@jeffsurfanderson]

Have they ever looked up what percentage of Americans are living paycheck to paycheck and where it was 4 years ago

[@jeffsurfanderson]

So also these economists need to look at the headlines about job losses like UPS losing 12000 full-time jobs Amazon losing 30,000 full-time jobs gather all those numbers compare it to the unemployment . The unemployment number should be going up exponentially if the people from the previous month did not get a job within a month which means that the rate of unemployment should be going up way faster than the government reports

[@jeffsurfanderson]

The spending in the US economy is not from the people it's from the government which is an extremely bad sign have him look up where the spending is coming from

[@jeffsurfanderson]

As far as all these Economist shows and people coming on saying that the economy is doing well look at the jobs nobody asked the questions have you looked under the hood? The fact that full-time jobs are in the negative and part-time jobs are skyrocketing so let me ask you a question can you make ends meet with a part-time job or a full-time job you're going to have to take two jobs to make ends meet but you're only one person but you're being tallied as 2.

[@Vera777Dina]

some people just can not face the reality, why to invite them on your chanel?

[@SoarFinancially]

Getting as many perspectives as possible. You decide what you do with the information. We fully understand that not every guest resonates with everybody. Appreciate the feedback. Thanks for tuning in.