'DEBT SLAVES': Economist gives the odds of recession pummeling the US

Heritage Foundation public finance economist E.J. Antoni discusses whether consumer fatigue indicates a recession is coming on 'Making Money.' #foxbusiness #makingmoney
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[@alexsteven.m6414]

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.

[@belobelonce35]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k I want to transfer into an s&p but its hard to bite the bullet and do it.

[@NorthCarolinaForward]

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.

[@samuelrandy-k8x]

I know I've wanted to start investing 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 his services like?

[@NorthCarolinaForward]

Her name is REBECCA NASSAR DUNNE . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@vanessahopkins-g5y]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@AndersonFair-cy2bb]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[@FaithAndrada-xo9ou]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@jameswood9772]

Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.

[@chris-pj7rk]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@jameswood9772]

Her name is. 'Amy Desiree Irish. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@chris-pj7rk]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@GillerHeston]

With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains though but, it's all on a brighter and splurging side for Gold, should I look that way?

[@rogerwheelers4322]

Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.

[@joshbarney114]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.

[@FabioOdelega876]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates decrease could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@joshbarney114]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@FabioOdelega876]

Excellent share, just inputted Marisa Michelle Litwinsky on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.

[@Sashapov-h7b]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@lucaswilliams9992]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@Jadechurch-ql3do]

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@MyersRadfordKeith]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@Jadechurch-ql3do]

“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@brianwhitehawker1756]

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.

[@Bigwilli123]

it’s not hard to believe. People are drowning in debt-credit cards, student loans, mortgages-especially with interest rates creeping up. It’s tough to see how a recession won’t hit

[@Churchillhump2268]

Same here. I’ve been thinking about reallocating some of my investments, but it’s tough to know what’s safe right now. Every move feels like a gamble, you know?

[@Larry1-pl2wq]

I get that. What I’ve learned is that during times like these, having a solid portfolio management strategy makes all the difference.

[@Larry1-pl2wq]

Best to have a CFP, mine Joseph Nick Cahill, has been helping me stay grounded.

[@Theodore-tu5zg]

That’s smart. I’ve heard about him before. He is very well known in the financial sector. He not only understands the intricacies of the stock market but also has insights into navigating the financial sector for potential gains.

[@Annie2229]

One thing Joseph Nick Cahill is clear about is not making emotional decisions based on headlines.

[@scottarmstrong11]

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[@phillogan1]

It’s best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.

[@Johnlarry12]

I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.

[@frankbarnes22]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you

[@Johnlarry12]

My CFA Carol Vivian Constable a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@frankbarnes22]

Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

[@annaj.osorio]

The US government debt is on an exponential free fall and the only way to pay that debt is to keep printing . Hyper inflation is coming , housing crash , a recession and a possible depression too. i think is time investors redirected their focus to the equities market cause despite the severe bear market, I am aware of certain investors that have earned over $365,000.

[@ElizabethKing-qu2ob]

The stock market is no different, to maintain such profit, you need to have some in-depth knowledge on the market, prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@ClaudiaSchreiber-b1p]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@MagnusLarson-l1o]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@ClaudiaSchreiber-b1p]

“Viviana Marisa Coelho” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@DanielOrstein]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@JewelzRamic]

*Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is 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 week*

[@YanerysGinder]

i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet

[@YanerysGinder]

This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.

[@onyangomicheal-k6j]

Looks like she really knows her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive.

[@YanerysGinder]

i just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@lidiawatkins]

this is absolutely incredible bc i also get my instructions from this lady, her techmical skill and approach to the market has earned her alot of success , good to know shes also helping others too

[@lexdunmon7345]

consumers are running out of credit; unbeknownst to Joey, "Americans do NOT have the money to spend", C'mon man.

[@scotimotti]

But Americans keep on spending..cars, trucks, R.Vs, vacations, land, houses...imagine being stupid enough to buy a junk R.V for 50,000 $ in the middle of the 2nd Great Depression.

[@patriot4america]

Voting for Harris is like wanting the Titanic to back up and hit the ice berg again.

[@rhr19eighties]

💯

[@benmartin6476]

The person that couldn’t get a single democrat vote that was pushed to the front of the line will get 350 million votes come November

[@firstlast8258]

Too late for most 🤓🖕

[@Charles-s7t]

It doesn't matter who it is right or left here we are blaming each other and not doing anything about except make a comment.

[@wookiee_1]

Joined 6 months ago, more than 100 comments on this channel alone, seems legit and totally not a Russian bot

[@judynewsom1902]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm now thinking of ways to protect my portfolio worth of $800k from this bloodbath.

[@RickWatson-xu6gw]

Knowledgeable Investors know where and how to put money in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@Theresaa12]

This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

[@BenTodd-fl8nv]

I could really use the expertise of this advsors

[@Theresaa12]

*Marissa Lynn Babula* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@HarrisRyan-oy8eo]

Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

[@HeavenGuy]

It isn't that the richest people in the world are taking so much of the taxes of the workers in America. It is the spending that is out of control by the government who collects those taxes. Actually, it is the working people who vote for the big spenders.

[@Mrskateboardboy]

The working people want to believe in a money tree. Intelligent people know that governments are just like households. You CAN'T spend more than you earn for long. You can delay the reckoning with credit cards, bank loans, and the like, but it is YOUR DEBT and it has to be paid sometime. Trump was on the right track. He lowered taxes so that people kept more of what they earned and had more fun spending it than letting the government spend it for them. When taxes are lower, the government usually takes in more revenues and people are happier spending their earnings on what they like, rather than letting the government fleece them and then spend it for them. Democrats are corrupted. Trump was right all along.

[@mr.g1758]

Well said.

[@888strummer]

When 90% of all the politicans in BOTH parties are big spenders; then what exactly are the working people supposed to do? Trump added $7 trillion to the debt and Biden/Harris will add over $8 trillion by the time Biden leaves. I'm voting for Trump for a third time and he will spend less than Harris; but he still overspends also

[@Mrskateboardboy]

@@888strummer 1) Trump had to deal with debt he inherited and had to spend cash to goose the economy,, and 2) Tax income tends to increase when earners are taxed less and have more to spend, and Trump's ideas took more than 4 years to works. His first stage was to slow the inflow then deal with the debt he incurred. He faced NOTHING but obstruction from the Dems during his time in the presidency. Just imagine what he COULD have achieved with a cooperative House and Senate.

[@garygrandadam7849]

@@888strummer You are right except half or so of the debt Trump added was actually for covid.

[@benjamindavidson22]

It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

[@phillogan1]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $124k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@Johnlarry12]

True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.

[@emiliabucks33]

I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?

[@Johnlarry12]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...

[@emiliabucks33]

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.

[@DeannaPeters-lz8we]

This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 3%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.

[@purplebliss6875]

I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.

[@Andreallln]

​@@purplebliss6875 A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

[@Stefan-d3c]

@@Andreallln I've been looking to switch, but have been kind of relaxed about it. Could you recommend your wealth manager? I'll be happy to use some help.

[@Andreallln]

@@Stefan-d3c My CFA Sharon Crump Cline a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Stefan-d3c]

@@Andreallln Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@Powerz00]

So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone

[@SaintYvess]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@FelineAirstrip]

True, my porfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a pro. Following the guidance of this CFA, my portolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portflio accordingly.

[@WestonScally7614]

pls how can I reach this pro, there's bloodbath on my portolio. I really need some help rn

[@FelineAirstrip]

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@sting_grayl]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@paulstieler4468]

Welfare Imperialism Defines New York State 13 Counties Democrat 49 Counties Republican

[@Riggsnic_co]

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

[@JacquelinePerrira]

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.

[@kevinmarten]

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

[@Jamessmith-12]

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

[@kevinmarten]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Jamessmith-12]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@SlavoPetrovic]

Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.

[@GrandtHudson1]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@SoledadHughes-q2i]

Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@EnriqueCarrasco-z3j]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@SoledadHughes-q2i]

Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@ReginaDominique]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Shadow_Banned_Conservative]

It's worse than just the "R-word". On top of that we have a young generation now that says, "I don't care, I'm not going to pay my bills". They're going to be in for a very hard life.

[@roadkillgravy5168]

Oh well

[@bubbasanches4591]

Can you really blame them? Smartphone is basically infinite entertainment for zero cost

[@KrisNachtigallDomitrovich]

*I'm favoured only God knows how much I praise Him,* $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@KrisNachtigallDomitrovich]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@DawnTynerJones]

Wow that's huge, how do you make that much monthly?

[@DawnTynerJones]

I'm 37 and have been looking for ways to be successful, please how??

[@KrisNachtigallDomitrovich]

It's Ms. Susan Jane Christy doing, she's changed my life.

[@KrisNachtigallDomitrovich]

I started pretty low, though, $5000 thereabouts. The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Susan Christy, you're a miracle.

[@wydoesntexist]

Once again. Trump can fix this. Kamala can't stick two lego blocks together without intervention. Ecomony is way beyond her.

[@ALF-wh6in]

Yeah it's obvious this mess is Kamalas doing and she couldn't run a lemonade stand.

[@joez7407]

you're right - but don't kid yourself... they know kamala can't win... they don't care that kamala wins or not... what they don't want - is to have their downballot candidates tank in close races to give up the house, senate, and the potus seat all red - would be catastrophic to the globalists. biden would have crushed them it's why other than the view which he was on recently who's audience are all kool aid drinking starbucks moms... he's been back in the basement...

[@hlf_coder6272]

Once again, Trump will absolutely NOT fix this. Trump has said since 2015 that he has no intention of cutting government spending. He promised not to cut our 2 most expensive entitlement programs right in the GOP platform this year. And he piled up more debt in one term than any president in history, including Biden and Obama. Trump is hard left on this topic. Why? Because 75% of all spending is on entitlement programs and polls show 70% of idiotic Americans want those welfare state programs. Nobody is going to fix this, including Trump

[@mengkham]

How Trump going to fix it when he don't even know how Tariff work? Get rid of Harris and Trump both need someone that don't waste our tax dollars

[@douglassmith9445]

Trump will spend just as much and then even more than last time he was in office. Unfortunately we have candidates who refuse to tighten the hatches and really fix our debt crisis. Trump will do more than Kamala while stilling driving up our debt but that’s what America wants since he’ll most likely be voted into office.

[@scottkribs901]

As a normal everyday consumer, I don't spend any surplus cash if I don't have to. Don't know about everyone else, but I only get what I need, what I want I save up for. Plan for the future and save your bucks. Know the difference between needs and wants. Have a contingency plan in place and don't spend frivolously. 👍🇺🇸

[@Kin-28-8]

The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.

[@BrendaHorne-y7k]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@Grace.h-t8o]

The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.

[@Thompson-e7h]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@Grace.h-t8o]

'Jessica Lee Horst' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Theodorebarba]

Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@Itachi_88mm]

Recession will hit & silver will out perform gold

[@cassandracroslin5944]

She needs to quit spending taxpayers money it's gotten out of control

[@dev4statingx90]

Stop buying crap you don't need

[@hymansahak181]

Depression 2.0. Get ready people.

[@hymansahak181]

@@Tx.1987 You can have a hyperinflationary depression like Venezuela or Argentina or Zimbabwe which is even worse. Inflation wrecks countries.

[@RusuSilva]

I'm no longer confident in my strategy following the recession. I'm approaching retirement with comfortable millions. What's the most effective strategy to protect my cash reserve?

[@FusunTumsavas-cq7tp]

Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, than save for retirement.

[@RichardMoore-jg5tl]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@RichardMoore-jg5tl]

Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.

[@thop9747]

by cash reserve if you mean that they are in banks, I think it is a good idea to convert some of your bank balance in the form of liquid cash , precious metals like gold and platinum and low volatile stocks or bonds.

[@fatihtekeli2261]

Buy gold and silver.

[@HappyDinosaurFossils-xf4zw]

The sky is falling! The sky is falling! The sky is falling! Three strikes. You're out!

[@paulstieler4468]

Eisenhower Era Economics VS Welfare Imperialism

[@teeebeee3946]

Yes im tired of giving away all my tax money because I dont have children.

[@grog1473]

Paying for 15 million illegals, what could go wrong?🎉🎉

[@Rayjack-m9o]

I question as to how anyone could use the word Slaves so cavalieraly in the America given its long and terrible history on that subject.

[@tlindsay1007]

I don't think it's being used cavalierly, given that if Harris and Walz win office, they will turn us into a Communist country. We will all be subservient to their government. We will lose our Constitution, rights and freedom. I'd say that the word slaves is correct, in that case

[@markstroeh6997]

Lighten up, Francis.

[@ES-nx7hl]

We are already in a recession.

[@JonL-bb3ol]

Hard for personal spending to keeping going up when Americans credit cards are maxed out 🙄

[@shaunstark4263]

Yes, we are debt slaves.

[@jayc4715]

I'm not

[@shaunstark4263]

@@jayc4715 most are too prideful to admit the truth, or too ignorant to see it.

[@jayc4715]

@@shaunstark4263 I buy everything cash..debt is for suckers

[@shaunstark4263]

@@jayc4715 the value of cash is controlled, which means your complete net worth can be remotely dissolved in an instant. Beyond that, cash has no tangible asset backing it, and is therefore ultimately worthless.

[@shaunstark4263]

@@jayc4715cash is worthless, as it’s value is controlled, and can be dissolved in an instant

[@dilara4130]

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Stephanie Janis Stiefel. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

[@SissyJosito]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@YaxelBurone]

I went from no money to Invest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Stephanie Janis Stiefel. I am at $128k right now and LOVING that you have to bring this up here

[@LuuzbelitoPirogovsky]

Stephanie Janis Stiefel hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because I'm heading into retirement with almost a million bucks in my portfolio.

[@KarencitaSacher]

How can i reach her guys, if you don't mind me asking?

[@MafArdoleda]

Stephanie Janis Stiefel has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

[@alvermillioncranky8360]

Look at how it is for those who are retired.

[@greattools2057]

How can anybody pay off their debt when the government can’t pay off it day America is upside down

[@HiPHOPx87]

Trump2024

[@acounttemporary5017]

NO!!! 😠😡

[@HiPHOPx87]

@acounttemporary5017 🤣 explain why. What he did in office proves he is for the American People. Every document he signed on is on the internet for people to view. You have no argument. Only the lies the news tell you.

[@Ribbit-g3z]

​@@acounttemporary5017yes, ur stuck on tupid

[@tonyfulford3175]

@@acounttemporary5017 YES !!!

[@michaelkugler3886]

@@acounttemporary5017YES!!!!😊😊

[@w3s77]

Zero chance there will be a nominal recession for a decade. Inflation adjusted, US has been in a recession for 10 years.

[@Mrskateboardboy]

People like to be taxed less and spend their earnings on what they want rather than let the government take a hefty slice and spend it as the government sees fit. They are more motivated to work and spend, and the government usually takes in more in taxes when this is the case. Trump knew this. It is called supply-side economics: tax less and let the earners spend it on what is important to them.

[@joshuapatterson4787]

132 republicans voted for it 89 against it 😂😂😂😂😂😂😂😂😂

[@ken2win671]

This been happening for years! Both candidates didn’t put all this debt by there selfs. It’s every president since 1971 republicans or democrats. The problem is that the rich has all the money & the government has the rest. Whoever gets in it’s still going to be painful because US debt isn’t going anywhere

[@bubbasanches4591]

Yes, billionaires are largely the problem. They hoarde and don't spend.

[@Mano_421]

Been saying it for 5 years now

[@dannypowers4995]

Lowering the prime rate only encourages the consumer to go even further in debt. Our government should be raising the prime rate to discourage borrowing or debt. Debt benefits the ultra rich Billionaires and we have seen when the Billionaires are upset government changes. Example, ok. The Billionaires installed Kamala Harris without voting and removed Biden.

[@michaelmcintire736]

Where is Edward Norton when you need him to reset the debt clock lol!

[@carlcauble733]

Opinion, credit cards are maxed. Consumers will stop spending 💰

[@tlindsay1007]

Very good points.

[@okhondaguy3288]

200 billion to welfare a year. Taxes well spent.

[@peterrichards931]

Remember when Obama told us that his paltry 1% to 2% economic growth was the trend for the long term future, and we needed to get used to it...? Remember what Trump did once he got into office...? He kicked that BS right out of the door. Trump 2024.

[@sivakumaran125]

Nobody can save the US from this bad economical situation its too late

[@douglassmith9445]

Saying there’s a 70% chance of a recession while not providing any sense of time to that accusation is the same thing as being wrong.

[@maiadazz]

A recession seems like the "most likely outcome for the economy," and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967,000. How can I ensure I reach this goal, and what steps should I take?

[@michaelstrawberry]

In 2008, I almost lost everything. I pulled my money out and invested with my wife's wealth manager. While I haven’t matched her profits over the years, I do manage to earn more. Haha!

[@richardhudson1243]

This is great. I started investing with a wealth manager in 2020, too. I hated myself for a long time because I didn't know I could do that. Funny how I have quit my day job, because my profits cover for every living expense.

[@avamadison-r9p]

That's quite impressive! I could really benefit from the expertise of these advisors; my portfolio has been performing poorly. Who is guiding you?

[@richardhudson1243]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@saraFinn-u6g]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@floydbrown2142]

The federal contracts if needed are still way to costly, take to long; require both scenarios of change orders because contracts take to long and prices are to high in ANY case.

[@Dieselpwr]

When it crashes people will suffer but they will be able to afford things again

[@carlcauble733]

Opinion, strange following Venezuela and Germany spend, spend. There is tons of inflation, and soon, spending will stop.

[@sailorichiban]

❤❤❤❤❤VOTE FOR THE TRUMP 💥NOT FOR THE TRAMP👺👺👺👺👺

[@bighomie134]

Amen!!!

[@MarkSmith-qk2rl]

We need Trump in an AWFUL WAY !!

[@headspaceandtiming2114]

Excellent analysis as usual Charles. Will we see cut backs on 401k contributions? How about streaming? People can’t live without that. Eating out? America is addicted to eating out.

[@christopherstimpson6540]

One Trillion seconds = 31,688 years. National debt increases = $1,000 (average) per month per every human in the USA.

[@jeffreyrudolph5061]

Non - representative & fraudulent spending .

[@therealBocaStudios]

I was keeping my cc debt about 40% of what I had in the bank..then 😮 happened and I lost 25k like that. New job barely making anything and the debt I had I still have..until that’s paid off.. I can’t breathe. I’ve work side jobs to just pay my bills. It’s a nightmare.

[@jenniferwatleyj]

This year I have experienced more gains than losses in the crypto/stock market, thanks to some knowledge I acquired from my financial advisor. I have managed to flip the market

[@danielquinn2]

I have seen something like this on countless videos and i find it misleading. I do not trust most advisors as the last time I did, it didn't end well

[@jenniferwatleyj]

I totally understand, i have seen this too but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto

[@danielquinn2]

Okay, how do I get in touch with him?

[@jenniferwatleyj]

look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews

[@PC-cs5wp]

The FED ALWAYS decides where and when The Recession STARTS!!!!!!

[@MarkSmith-qk2rl]

The auto industry is laying off over 10,000 by October 5th ! This inflation is killing Americans ! We can’t afford a new vehicle or the interest rates to buy one ! This includes the steel the plastic the paint the rubber the motor and the maker industries ! Trickle down effect of the democrats ! Take that Skumala !! You have cost over 100,000 jobs in the last 6 months ! What a great record to run on

[@JamesBlume-u4i]

Fatigue; were scared, with Thanksgiving and Christmas coming soon? Get ready for Bankruptcies America!

[@FrankGallagherr]

Who thinks Harris is 100X worse than Biden?,

[@mr.g1758]

🖐

[@HodgeChris]

With Most Regional Banks at the risk of failing it could be an indication of an economic Recession which could be devastating .I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@Justinmeyer1000]

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@carssimplified2195]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@NoorJari406]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@carssimplified2195]

‘’Aileen Gertrude Tippy’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.

[@NoorJari406]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.

[@sneakyquick]

The odds are 100 percent because we have been in a depression since 2020.

[@radzer0966]

If you remove the interest payments. Over half of the money going to taxes are going to hand out programs to the ones who refuse to get a job and should be living in the street. Or even better let’s just send them to California. Let them go live out there and remove federal funding from California.

[@RoaringRanger]

30 percent interest rate credit cards maxxed out. That cant continue i dint care how much money you make.

[@joepep5434]

Never going to happen, spend , spend , spend cause nobody has a clue anymore

[@williamnelson9332]

I have said this for years nothing new

[@charkyicenhour587]

They kept america asleep. Paid overseas, to foreign countries for work. High spikes the prices

[@freedomworks3976]

Pay yourself first ❤ You will be A-OK

[@googleuser868]

Government over spending has destroyed the quality of life for the working class. Conmen and thieves. 2nd amendment won't fix it if no one uses it

[@BarbaraWilson-n6r]

They got it from KH the broadband that the citizens never got

[@Tom-ym7bm]

I remember when BET was good - but likely step 1 Our nation will be great again as long as we do the right thing going forward Our motto Love your neighbor Raise your families Christian work ethic Do not despise small beginnings Little is much with God Today’s conflict - might be His miracle Hand it over to God ✝️ This too shall pass U S A - vote Republican Cxl idle talk

[@tlindsay1007]

And the EV chargers. The problem with Biden and Harris, and their DEI Clown appointments, is that they have no idea how to create anything, other than debt and chaos.

[@seymorefact4333]

⛔ iphones ORDER THROUGH THE FLOOR! DOWN DOUBLE DIGITS FROM PRIOR YEARS! We wish a RECESSION...A GREAT DEPRESSION FOR DECADES!

[@greggwilliams116]

Thanks Harris and Biden, can't wait to have less than what I have now. Feeble administration and our congress is right there with them

[@mengkham]

If you invest then you won't have that problem. Stock market is all time highs under Biden.

[@bradhilton2283]

All cars made in Mexico or China. Put massive tariffs on them . We need too re industrialized the auto industry in Detroit & Windsor!

[@cgorman31]

Pummeling? How about political leaders do not re-write terminology to appease a narrative Who’s correct? Websters dictionary or Janet Yellen? We’ve been in a macro recession for the last 40 months

[@Godmaceplus1]

We’re in a recession already

[@aarrinmiller5394]

Reduce the government's reach

[@GeorgeTorres-z4l]

Relayng on credit card to pay down debt is like the snake eating its own tail.

[@floydbrown2142]

The people that care; know well either party is not in control, in control of spending or caring properly for the lack of funds allotted to pay off federal debt.

[@therealmcgoy4968]

Let’s give Ukraine another 50 billion.

[@OurPetsonhospice]

Where is the Cathedral?

[@Capitalist_Pig314]

Is the federal government, the biggest debt slave of all? Given were the most powerful country in the world with nuclear weapons if they don’t pay it back it’s not like somebody’s gonna come and break America’s legs and collect the debt. But when we get to the point where they renege on the debt they will never be able to borrow again at the federal level. From anybody foreign or domestic. And that’ll be the price they will pay there a lot of legitimate reasons to borrow heavily like borrowing like we have for the last 30 or 40 years no matter what year after year is just crazy it matters.

[@johnc7652]

Can they just shut up not everyone is on a doom cycle just cause their house of cards is obviously failing

[@BarbaraWilson-n6r]

It's going to be a depression

[@ralphalvillar3317]

A revolt? Maybe a good idea....

[@michaelfomenko1563]

@3:20 so basically what theyve been doing for decades now

[@tacticalbacon8064]

it did start a revolt dockworkers are fed up with being broke and striking,

[@cgorman31]

Maybe the government should file for chapter 13 and restart. Do not borrow from another country for 7 years. Go live in an apartment, shrink the military, de-friend a majority of allies….

[@MakeamericaGreatagain-h7j]

The stock market is more volatile than ever. recently went "all in" and bought up $150k worth of ETF's & individual stocks, my aim is to take advantage of this S&P 500 downtrend, what could be accurate predictions moving forward?

[@Damncars456]

There are tools that allow investors to invest in companies before they hit the stock market, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering. That’s what I am up to, steer clear from the equities and bond market, my humble opinion.

[@Tsunaniis-j5l]

Agreed, utilizing a financial specialist did the trick for me in barely 5 years. I worked hard everyday as a teacher for 32 years and my salary was over 100k/yr, enough to get me fully invested. I'm semi-retired today with about $1m, and only work 7.5 hours weekly.

[@PhoenixReborn-v6v]

very encouraging for folks starting out like myself, who is the professional guiding you please? in dire need of proper asset allocation

[@Tsunaniis-j5l]

MELISSA ELISE ROBINSON is the licensed professional I use. Just research the name. You’d find necessary details to work with and set up an appointment if you like.

[@Tsunaniis-j5l]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.

[@bradhilton2283]

Put tariffs on all Chinese made electronics

[@HersderaNilers]

Our economy is facing challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, all contributing to instability. With rising inflation, slow economic growth, and trade disruptions, it's crucial for all sectors to take immediate action to restore stability and promote growth.

[@jeffmaggard3694]

Couldn't believe how high stocks are

[@666dynomax]

The whole economy is based on expansion of money.