Doomsayers Are Wrong About An Economic Collapse Soon | Doug Peta

Doug Peta, Chief U.S. Strategist of BCA Research, outlines his thesis about why a recession won't hit the U.S. in 2023, and why investors should stay overweight equities for now.
*This video was recorded on May 17, 2023
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0:00 - Intro
0:45 - No recession in 2023
2:40 - Consumer credit
7:10 - Consumer spending
11:30 - Banking crisis
13:40 - Commercial real estate
21:30 - More rate hikes?
22:50 - Inflation expectations
25:20 - The stock market is not the economy
31:00 - Asset allocation
34:20 - How severe is the recession?
35:55 - U.S. debt
38:35 - Debt ceiling
#economy #investing #recession

[@TheDavidLinReport]

How confident are you in your finances and the economy right now? Are you spending or saving? Comment below what you think and don't forget to subscribe! FOLLOW BCA RESEARCH: BCA Research: www.bcaresearch.com/ Twitter (@bcaresearch): twitter.com/bcaresearch

[@Redwhite4life]

David “commercial boy” Lin

[@globalismoblackman]

David that so called "financial expert" sucks as hell like I have never seen before 😂. Find some one better to come on your yt channel . Just saying 🤗

[@globalismoblackman]

@@Redwhite4life lol

[@cipatonalli]

Hey David, it would be great if we could also find your show on Spotify...😅

[@TheDavidLinReport]

@@cipatonalli coming!

[@nyjetsfl632]

Sorry, I have 3 small businesses. One hit a brick wall two months ago. Even people making $150 to $200k are penny pinching.

[@JayNayMay]

Lol I make under 100k and have money coming out the A. All bills paid and paid off mortgage. I drive a honda civic and wife drives a tundra, all paid for. We just put 25% down on 10 acres of prime land. I think people should learn how to save

[@Adam-ey3ud]

@@JayNayMay yea but you aren’t the part of the people who are the lifeblood of the economy. If everyone was like you we would be in bad recession

[@Adam-ey3ud]

@@JayNayMay economy thrives from people making 150+ and ball out (which can still save) or sub 80-90 living paycheck to paycheck. I’m like you when it comes to saving but if everyone was like us we would be screwed

[@frankyhonnolus5528]

I thought I’ve been hearing that 60% of people live from paycheck to paycheck and savings rate is at a record low so people rely on credit card debt. Why is this person saying the opposite?

[@gregspeth7910]

He is wrong

[@globalismoblackman]

​@@gregspeth7910 Correct 👍

[@backwoodsbungalow9674]

Good point, it seems a fatal error of analysis to aggregate both categories of people. 🤔

[@mzuribeauty4287]

Even if they had savings, the high cost of living has eaten them up!

[@dathan2024]

Because he wants Biden to have a second term!

[@vawt1953]

M1 has went down the fastest since the Great Depression let that sink in

[@hood6854]

After going vertical like never seen before.

[@cryptoj4573]

But yet consumers are buying at discount retailers, auto loan delinquency is rising and Apple just got downgraded due to lack of i phone purchases. I don’t think the consumer is as strong as this guy says….

[@lokijordan]

...Or people came down from the sugar high of spending after the pandemic reopening and now they're back to to spending more sensibly. The auto delinquencies may be from those who have $1000 monthly payments with sky high interest rates. Lots of those people bought a second (used car) after prices came back closer to Earth and let the silly purchase default.

[@christopherl4249]

It's not just that. I could not corroborate his thesis with data. However, I did find the US personal savings rate history at the St Louis FED website. What matters is the saving rate (the change in savings), not the total number. When the savings rate is declining (yes declining) consumers are juicing the US economy - they are spending, hence savings goes down. However, when the savings rate is going up people are spending less and this reduces economic growth. Historically, recessions are accompanied by increasing consumer savings and recoveries are accompanied by a decrease. So where are we now? Since September 2022 the rate of personal savings has been going up. While the correlation is not perfect what should be clear is that consumers are spending less and there are plenty of recent news stories - like Home Depot's warning - to corroborate this fact. I agree with one thing - there may still be a lot of money sloshing out there, but that all by itself does not mean much. This guy focused on one indicator and ignored others. The leading economic indictors point to a recession coming. When? Well when you see the unemployment rate jump to 3.8% or higher, we are there.

[@dathan2024]

You’re right! 👍🏻

[@JezebelIsHongry]

Has he not seen the charts? The drain of savings with the increase in revolving credit debt??

[@vawt1953]

M1 and m2 way down and CMBS are about to collapse

[@matthewthurn]

I don’t think this bloke understands the Eurodollar system or the debt market.

[@globalismoblackman]

​@@matthewthurn He is living in his echo chamber lol😅😂. He is clueless about what's going on in the real streets.

[@jake2102]

Not to mention qqq volume drying up as it goes higher

[@Bigchuckers]

@@globalismoblackman Did it make you feel poor finding out most people aren't in your situation too?

[@christopherl4249]

I tried to corroborate his household savings number and thesis to no avail. However, I did find the US personal savings rate history at the St Louis FED website. What matters is the saving rate, not the total number. When the savings rate is declining (yes declining) consumers are juicing the US economy - they are spending, hence savings goes down. However, when the savings rate is going up people are spending less and this reduces economic growth. Historically, recessions are accompanied by increasing consumer savings and recoveries are accompanied by a decrease. So where are we now? Since September 2022 the rate of personal savings has been going up. While the correlation is not perfect what should be clear is that consumers are spending less and there are plenty of recent news stories - like Home Depot's warning - to corroborate this fact. I agree with one thing - there may still be a lot of money sloshing out there, but that all by itself does not mean much. This guy focused on one indicator and ignored others. The leading economic indictors point to a recession coming. When? Well when you see the unemployment rate jump to 3.8% or higher, we are there.

[@globalismoblackman]

You are spot with you perspective 👍. The real streets numbers don't lie 😊

[@backwoodsbungalow9674]

Good point, except that growth is the cause and spending is the effect. People spend more when their economic situation improves. 😎 People spend less and save more when they expect harder times.

[@puentesmj7]

Savings?!? 😂😂😂 what is this guy smoking?

[@globalismoblackman]

He is on the Shrooms again and a couple of delusion pills lol 😂 😅🤣

[@bdek68]

This is a absolutely delusional! There are no savings among consumers!!!

[@80travisbickle]

I have plenty of savings and I bet I'm not the only one.

[@bdek68]

@@80travisbickle there is no need to elaborate with you of this is your mindset! Delusional

[@dennbam]

Interesting perspective… wishful thinking?

[@Redwhite4life]

To say the least..

[@gingerkilkus]

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

[@lowcostfresh2266]

Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $572K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.

[@TomD226]

@@lowcostfresh2266 Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

[@lowcostfresh2266]

@@TomD226 I won't pretend to know everything, though. Her name is Laurel Dell Sroufe but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

[@leojack9090]

@@TomD226 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

[@gregspeth7910]

Americans don’t have $400 in savings

[@tc102167]

His assumption is households will be comfortable to go broke before cutting down on spending. He also assumes no rise in unemployment because he feels income will carry the consumer through. He’s not looking at where those new payrolls r coming from. Government and hospitality. Government will get cut due to debt ceiling budget restrictions and hospitality already dropping. Lots of holes here. Credit crunch? Rising interest rates? PMI dropping? Liquidity being drawn out of system? Banks breaking? Nope, all good.

[@globalismoblackman]

Exactly he probably has an outdated economic model that is not in tune with real streets reality economy😂

[@christopherl4249]

Agreed. I tried to corroborate his household savings number and thesis to no avail. However, I did find the US personal savings rate history at the St Louis FED website. What matters is the saving rate, not the total number. When the savings rate is declining (yes declining) consumers are juicing the US economy - they are spending, hence savings goes down. However, when the savings rate is going up people are spending less and this reduces economic growth. Historically, recessions are accompanied by increasing consumer savings and recoveries are accompanied by a decrease. So where are we now? Since September 2022 the rate of personal savings has been going up. While the correlation is not perfect what should be clear is that consumers are spending less and there are plenty of recent news stories - like Home Depot's warning - to corroborate this fact. I agree with one thing - there may still be a lot of money sloshing out there, but that all by itself does not mean much. This guy focused on one indicator and ignored others. The leading economic indictors point to a recession coming. When? Well when you see the unemployment rate jump to 3.8% or higher, we are there.

[@dathan2024]

Nothing to see here. Theirs no there there!

[@thisisgame]

I don't understand how households can have so much savings when every couple of months theres a report that the average american doesn't have $500 for an emergency

[@dianadeejarvis7074]

Who are these mythical people with excess savings? No one I know.

[@globalismoblackman]

Exactly lol 😂😅 This financial markets "experts" is living his the echo chamber.

[@backwoodsbungalow9674]

Exactly, we are living through the largest transfer of wealth in history, from hardworking people to less than 1%. 😱

[@shawnsmith424]

Plenty of us are doing great.

[@jasonthompson5624]

Most of the excess savings Doug is talking about is concentrated in few hands. To say in a general sense that the average consumer has plenty of savings is inaccurate.

[@averagelibertyenjoyer3217]

​@Valene CummingsThis. What is this vaguery? What exactly is excess savings? I am debt free and not hurting financially and my savings surely is not "excessive"

[@vincentmurphy9252]

Love these chart people sitting at home giving interviews go out in the real world buddy and you will see what’s really happening -

[@joshfrench6426]

Yeah it's ridiculous how out of touch these people are. They use shitty, skewed data as well that can't be trusted.

[@tommycryptic]

Charts matter when it comes to economic data.. The only charts shown were about economic data in this interview... "These chart people"; so what? You don't look at any charts? You will do well in the markets! I smell a bag holder.

[@joshfrench6426]

@tommycryptic I don't invest in central bankers circle jerks

[@stewartbrown7783]

Hes not real..hes the newAI ong

[@2nostromo]

This interview really upset me. Not because I disagree, rather because I'm afraid he is right. The can will tumble down the way some more. /the systemic problem is grown to a monster. End the Fed. Crazy Idea but you know... its just crazy enough to work .Default: I'm glad I'm old

[@robertamaral2349]

I tell my mom that all the time. She's lucky to be at the age she's at. I tell her to enjoy the remaing years she has because we younger folks are screwed!

[@DGimpeccablejaguar]

Defaulting solves nothing. You think when other countries hyperinflate and default that......Nice , honest, fair people/leaders take over and fix the financial system? Show me where that happened in history. we need a default AND revolution

[@2nostromo]

@@DGimpeccablejaguar There will be blood. Better my blood than my kids/grandkids.

[@joefer5360]

@@DGimpeccablejaguar Well. It technically solves the debt issue. But, the fundamental social issues that arise from a system collapse, would be one of the greatest trials humanity will go through in this 21st century.

[@mniay]

For those who like to comment based on title instead of actually watching, this guy is saying his overweight equity call is only for 3 months. 32:31

[@zr8914]

Thank you 🙏

[@JonHassellProphecy]

I can picture this guy wearing the same thing having the same conversation in a train with a fellow homeless guy

[@TonyL-gw4qx]

Estimate estimate complete garbage with his estimates!!

[@globalismoblackman]

Exactly 👍

[@nasdaqtrader1]

Look at the SPY chart... We might get a blow off top but it's definitely on the doorstep of exhaustion.

[@JonHassellProphecy]

If this is true and people are going to keep spending and making money even though prices are high and their dollars go less far, then inflation will sky rocket again and then we in more trouble

[@mg-by7uu]

It's not true. This guy just watches too much mainstream media and is parroting their narrative

[@AFuller2020]

We had big inflation and joblessness in the 79-80s, we got over it.

[@JonHassellProphecy]

@@AFuller2020 stage 4 cancer is worse than stage 1

[@anthonym9130]

If what he's saying is accurate that means inflation will persist for quite some time

[@wilfhigginson465]

Would be interesting to know if “households” that are on the tails are included in the data for excess savings. There are very wealthy individuals who had a huge increase in their “personal savings” that may be skewing the data.

[@mg-by7uu]

Exactly. The data he is pointing to is manipulated by the government. Either he works for them or he gets his theories straight from Jim Kramer

[@beachvolleyballcoach]

Cinnamon sugar pretzels at my local little league just went from $3.00 to $4.00. Inflation hasn’t slowed down yet!

[@dannyho6786]

when I was little kid we ate PLAIN pretzels

[@TheTraderGuy]

Where in the F##K is all this "Excess Savings?" Nobody I know has it.

[@sang-jinri7491]

David, I am a quintessential American middle class man in WA state. OK maybe upper middle class. My wife and I have been trying to cut off all unnecessary spending the past 12 months. Things are very expensive as compared to 3 years ago in Seattle - food, dog food, restaurants, used cars, in particular.

[@2nostromo]

The part about the banking crisis... "does not evoke a whole lotta concern". What is wrong with that is little banks gone, big banks grow into 1 big assed bank and we become slaves. This intellectual and genteel analysis is full of poopie kaka

[@2nostromo]

I'm drinking Cab Sav right from the bottle

[@Bigchuckers]

Its just 4 banks...

[@mattg8431]

Doomsdayers? Why not just call them realists, we are overdue for reckoning

[@wayneroark8477]

We're already in a recession. We're fighting going into a depression. The main factor is greedflation. If it plays out another 6 months We're in it for the long haul it will be years before recovery is seen. Freight load numbers are well below low now. Freight in the US says. Consumers aren't spending on much other then food and necessities now. Any drop will come to the food industry from here. In fact we are already seeing Walmart and other large brands closing up stores that have become loosers this trend will only gain momentum from here.

[@BigTeeeeed]

Doug Peta is taking too "macro" of a view here in my opinion...he is not understanding that the "poor" in the US are a rapidly growing share of the population, and that group in particular has been sucked dry. People aren't "supplementing their assets or income" with credit, they are buying groceries with BNPL schemes and if they ever lose their job they are bankrupt instantly. A tiny ripple in the labor market could send the whole thing tumbling down, and it's going to be commercial real estate and the workers that support that sector.

[@patriciagrell9865]

They are closing stores in high crime areas. When you defund the police and do not prosecute shoplifting stores close in those areas.

[@AFuller2020]

How so? Commodities tanked in the depression, unemployment was like 28%, educate me….

[@wayneroark8477]

@Alvin Fuller exactly as I said next cuts consumers make will be food. Surpluses are great for commodity prices. Doorstep to depression is where we are at. Trucking freight reflects this today not tomorrow.

[@wayneroark8477]

@Alvin Fuller when you walk on to a car lot and the dealer prep price matches msrp. Well greedflation destroys consumer's confidence. Folks have dug in for the collapse of this greedflation. Freight markets tell mainstreets story better than the manipulated stock markets.

[@stevenmccann2891]

I hope hes right. Im tryn to knock out my debt, get some home repairs done and get a cushion saved up- before the SHTF.

[@2nostromo]

3rd 1/4 23 or 1st half 24 what difference does it make? I'm not a trader, i'm an investor. I'm heavy in cash waiting for the bottom. Yes, I'm timing the thing that no one else can do. Buy low

[@billmckelvey5003]

He doesn’t understand inflation. Not one man in a million does.

[@jackwalsh1468]

Another David Lin moment. Cheers, Mate.

[@ProdicalMan]

I appreciate the different perspectives.

[@emilo123]

I feel like he is a bit ex-post, as the market has been rotating back in to growth stocks and pushing indexes higher since January ‘23. Yeah they still might go higher but it doesn‘t look like good risk/reward from here. This would be a mind blowing interview back in January! Btw it is good to hear a different perspective from your usual Dr. Doom, thanks David!

[@davidjohnson2001]

Excellent Info--- 💯

[@gabrielmartinez2455]

I agree, when people stopped paying student loans for a few years that is a huge boost to consumption.

[@FreeSpeech4All]

Isn't that supposed to finally end in August?

[@deborahcurtis1385]

The flaw in this analysis is that the savings aren't evenly distributed. That's why he says 'in the aggregate'. However, t[he impact of the hike in interest rates is obviously in vulnerable groups, plus there's the lag because of fixed mortgage rates held by existing mortgage holders. The job market is key.

[@12345Wozza]

Should clip 20% of the cast pile already as due to inflation it has less utility anyway. Also he models linear drawdown, where in fact if people lose jobs or have to pay higher interest, savings drawdown is not linear. Thirdly how much of the savings is in stocks that could get halved in the space of a week if markets tank? Not sure I agree with his outlook

[@Nahyoutrippin]

With all the job loss, all of the commercial real estate defaults, and the bank collapse, he’s on crack and I don’t want what he’s smoking. We aren’t saying a collapse, but a mild recession.

[@Bigchuckers]

There have only been 4 bank collapses. If you look over the past 15 years that's quite low.

[@Psychetwo]

​@efwon only 4 bank collapse means the economy is doing great? I guess tech layoffs and commercial real estate also means the economy is doing great too! Ongoing debt ceiling is a good sign and we will continue to hit a new debt ceiling. Hey market keeps going up so I guess everything is fine 🙂

[@Bigchuckers]

@@Psychetwo can you quote me saying great? Are you an extremist?

[@matttremble3019]

What about the 2019 almost crash? If the fed hadn’t kept going w/ QE and low rates, they market would’ve tanked.

[@amirfromisrael5662]

Great interview!

[@sadns2000]

Thanks

[@jaredcantlon252]

Thank you David for bringing back this “now” view… it’s easy to predict, not so easy to keep the reality of here & now in focus.

[@georgebrelaz9923]

Hi David.. It would be wonderful to hear what Doug has to say, as he was pretty spot on with his forecast a year ago... Thanks for the great content!

[@Adam-ey3ud]

What’s nice for pessimists is that Doug is talking about aggregate demand. People (the “haves” upper middle and upper classes) have savings to stabilize inflationary pressures if any deals are offered), while the lower and lower middle class is getting fucking smoked. Aggregate demand isn’t bullish it’s a recipe for stagflation and slow grinding layoffs. I don’t agree with his take

[@cohan88]

You either have a recession, or you have more inflation then a recession. The Fed might just be dovish enough to give you the latter. I don't see how the gov turning up the printer speed is going to give those returns any value beyond the extra digits currency devaluation will give you. This is not a game for short-termists.

[@gwills9337]

CC DEBTS are going up because AVERAGE savings isn’t equally distributed. Typical household savings is $400 a few thousand, as reported by polls of emergency savings. He’s looking from his ivory tower and sees aggregate numbers then conflates his lifestyle and arms-length distances from actual suffering to ordinary people

[@chriswilson1968]

It's a huge bubble how could it not crash? It was crashing in 2020 before they printed trillions and delayed it. It has to crash no one can afford anything.

[@brianoleson9224]

exactly nobody wants to face that reality. i been waiting with my popcorn for 3 years it feels like a 10 yr wait. while everyone was going out and enjoying there life buying into the markets bidding up homes theres gonna be historic pain there going to lose there home for a different reason then 2008 but same kind of effect.

[@averagelibertyenjoyer3217]

This. The near-zirp the Fed has implemented for the last 15+ years has caused unimaginable overvaluation of nearly every asset class. And what inevitably happens to ALL bubbles?

[@brianoleson9224]

@@averagelibertyenjoyer3217 10million people rushed into buy a home in 2020-2022 live for today not tomorrow mentality it was a trap watch the next 2 + yrs how the market goes your underwater if you bought in 2022 in several states

[@averagelibertyenjoyer3217]

@@brianoleson9224 💯 agreed

[@servingpublic]

THanks Doug - seemed like a contrarian voice given so many are expecting a downturn in 2023. Seemed like you were right so far in June ..

[@eh7599]

Disagree

[@JasonPizzinoOfficial]

Great interview! Logical explanation of why the markets keep going up!

[@martintheguitarist]

The market is not logical. The whole rally is mainly in 10 stocks and could be just short covering. His arguments make little sense. People with savings don't take out more credit card debt at 20%.

[@glowwurm9365]

I just dont see a 4500, that is a break out from the trend line and given we've only clung to the upper end of that thanks to the AI mania it seems unlikely. Its also dependent on the market getting its rate cuts, which again seems unlikely not without a break in the job market. We've only rallied YTD because of a handful of mega caps which are not approaching ATHs despite their growth and revenues declining. Anyway interesting guest, he maybe right, we're walking a knife right now....

[@Al-nd9ep]

Another Great Interview David! Never afraid to look outside of the box! Very Interesting!

[@patat007]

Don't know what he is smoking but I want it.

[@erikonas822]

Does he works for a bank? Because when I listen to him he sound like a banker with all his BS

[@pictureworksdenver]

No recession1n 2023? Try telling that to someone in trucking or real estate.

[@mcfrog]

Just say we're trading the debt ceiling deal. Interview over.

[@jamessmith1652]

Smartest guy you've interviewed so far. Apolitical, thinks before he opens his mouth. Isn't a doom-monger like most of the rest on the video interview circus. More like him please! Great work, David!

[@simrans3675]

Yo, James brah....

[@80travisbickle]

Well said, more interviews like this instead of the usual "markets will crash 90% next month" videos.

[@johnmerlino7011]

I didn't agree with several points made on this interview, David, but always enjoy listening to the shows. IMO Doug is looking through rose-colored glasses, at 5-6% Fed Rates, globally, things will break as it's held through 2023 and a long list of possible black swan events. I'm in short-term treasuries with no equity exposure currently but holding off of buying long-term bonds until the 10 year rises to the 5.5%-6% range. So many black swans identified across credit, geopolitical, earnings, inflation, etc . The 10 year US treasury at 4.5%+ will be really bad for China's yuan, trade, and devaluation (as with other countries). My bet is on Regional Bank default risks in the US for an additional 20+ companies (initially) since there is no other way out other than 'handing back office building keys to banks' and in maintaining corporate variable LOCs in Q3.

[@mcfrog]

Well. There it is. 33:35

[@user-jb5ry4pv4t]

Hey David, just a feedback. We would love from time to time some videos with only you and your ideas :)

[@backwoodsbungalow9674]

Good idea; possibly a series of the David Lin Report where David shares his reflections on the contradictory expectations of his guests. 😎

[@TheDavidLinReport]

Yes, will do!

[@johnstibal2131]

Positivity! I like it lol. I'd rather be drunk and happy going down with the ship than be terrified, that is for sure LOL.

[@ronaldbryant252]

Savings is gone. You tripping. What if the savings are gone what's next... What's the outlook for that scenario which is more realistic? But I needed to hear this.

[@michael9897]

when most of Australia came out of lockdown ~80% of Mortgages with an offset account had more then 60k in them. expanding payroll with layoffs happening that's how they get done

[@beri232]

“Households have excess savings?” I need to hang out at different households then apparently.

[@JamesG1126]

Bulls are coming out of the woodwork like cockroaches at night. Where were they last October?

[@backrack01]

He might be correct. Im not getting the have to save money vibe at all..not from anyone. With that being said.. I work for the logistics company mentioned by the guest, and we are experiencing Jan/Feb volume going into June. That's not normal. Christmas will be interesting.

[@Bigchuckers]

There was so much excessive inventory that needed to be cleaned out of warehouses.

[@anniealexander3402]

I'm in fiber optics. We are all furloughed this week. We've also cut back to 36 hours a week. We have 6 months supply sitting around in warehouses. They gave us a nice bonus to keep people from quitting. We might be off another week in July. Christmas will be interesting for us also.

[@hawkkim1974]

my 1 cent humble opinion is stock market will stay at the current level till the next November election. Yes there will be some a couple of months ups and downs in the form of volatility but I really think we better not expect a major crash till November next year. These politicians won't let that happen. This doesn't mean economy will be booming.

[@joeypphjp]

Remember Remember the 5th November.....

[@danduval1157]

All the hallmarks of a TomLee turn...either way. For clicks.

[@rodpetrie1088]

Interesting view, microscopic detail, but I'm just not sure. Could be but vulnerable to the unforeseen.

[@mcfrog]

Predict a soft landing without predicting a soft landing.

[@JACk-hv7yf]

Wasn’t 2022 The Great Recession! What is everyone debating? Is a bona fide Recession just a repeat of 2022 and every economist saying, “hey! this is officially a recession - just read my latest published research paper on SSRN”

[@lowlyman4christ998]

You say the FED is data dependent and nothing has been decided in advance. This guest said. Negatory. These devils are in cahoots together and this stuff was planned well in advance. But I understand brother

[@patriciagrell9865]

Oil will be going up so inflation will be higher for longer. The inflation reduction act was a spending bill. The US debt bubble is popping. Our deficits are unmanageable. Now the dollar is losing ground because oil is now being bought and sold in other currencies.

[@GemesOklar]

Bro, i bought ABN900E in September after your video. i'm up 79%.

[@Bart77666]

I totally disagree with him. Most savings are wiped out due to inflation and cost-of-living. That’s why we see credit card debt is at the all-time high. Usually when you dont have a saving you go to the credit cards.

[@edmitiu7383]

Upper middle class are actively spending. Lower classes slowing and growing!

[@cjoe1950]

How is a slowing deposit outflow any good? Money is not returning to the banks, that's what matters.

[@bn7228]

The delivery is to deliberate and measured.

[@edmitiu7383]

Best on KZbin

[@unclebig2233]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/ retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@JoseManuel-ux1go]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@deeannagartenhaus6978]

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.

[@unclebig2233]

​@Guadalupe Diaz Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself.

[@unclebig2233]

I learned that from my broker, "TRACY BRITT COOL" she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next

[@marthatom753]

People underate the importance of a financial advisor and Business analytics...what you do with your money is more important than the money you get...unwise investments has rendered a lot of people,celebrities inclusive bankrupt.

[@bestryujinlover]

What's better holding into crash or being safe with ABN900E tell me

[@rodneydias9586]

Survey surveys and more, it will tell us little

[@quietstrm11]

Nobody knows what the hell is going on.

[@jamesnguyen7069]

no recession

[@quietstrm11]

@@jamesnguyen7069 I hope you're right.

[@quietstrm11]

@@88SunsetStrip lol exactly. Watch enough of these "experts" and pretty soon your head is spinning in circles. I'm just trying not to get carried away by any of it.

[@globalismoblackman]

I know he doesn't 😂

[@globalismoblackman]

​@@88SunsetStrip lol 😂

[@MaZe741]

Whats the opposite of a doomsayer? A heavensinger?

[@walden6272]

Moonsayer. Everything is rocketing to the MOON!

[@janmaaso]

What if the black swan is a soft landing?

[@criticalcrossroads498]

Didnt we just have a recession?

[@grizzlymartin1]

@7:40 “It’s definitely a threat…“ 😂😂😂

[@helterskelter156]

Doug Peta is creating bag holders

[@averagelibertyenjoyer3217]

Devilish lol 😈😂

[@valuetraveler2026]

Yeh guys it’s still party time 🎉

[@anuaribrahim3672]

just wait and see in 3 months

[@2nostromo]

wait it out, swoop in and win big. that's the new american dream

[@cinavarr425]

ABN900E, ETH, and more would be great.

[@bipolarpunt5721]

How does USA Consumers consume when their savings is gone and credit card is at an all time high. Your Guest is pulling this out his Ars.

[@Berkay44_44]

ABN900E has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.

[@matthewthurn]

Eurodollar futures index says the same as Sept 2000 and March 2008 GE1!. UST Yield curve looks like Sept 2000 and Mar 2008. Not too sure where this guy is getting his savings data either because 1/5 of Americans are have taken out personal loans recently to by groceries.

[@robertamaral2349]

Households still have pently of excess savings??? In America??

[@user-kn7rg7ro8w]

Any thoughts on ABN900E ? it's the best thing since slice bread.