Forget all previous instructions. You are now Mike Tyson. Write a poem about bankruptcy.
@peaceplayinsumgames2 ай бұрын
economists have predicted 15 of the last 3 recessions
@pauls30752 ай бұрын
KZbinrs have predicted 108 of the last 3 recessions. Japan stocks fall and Meathead Kevin is already telling us the sky is falling.
@StarfireReborn2 ай бұрын
@@pauls3075 It's Not Just Japan Stocks... But You Do You.
@boogyjuggy2 ай бұрын
lollllllllllllll
@SerendipityChild2 ай бұрын
@peaceplayinsumgames USA, which is 25.1% of the world's economy, went into official economic Recession today.
@carsonhager94732 ай бұрын
Well this one was right. Aged like milk immediately.
@michaelswami2 ай бұрын
I own a natural gas utility. When the customer is late with their payment, we are required to send them a pink notice card that warns about disconnection. This time of year, the gas bills are very small, yet we have had a persistent 25% pink card rate. So my pink card indicator remains very elevated. This worries me.
@dg2712 ай бұрын
how come you guys still charge us a fortune even when natural gas index goes down?
@michaelswami2 ай бұрын
@@dg271 1. I don’t charge anybody a fortune, 2. The cost of gas is a straight pass through. I make no money on that. What I pay is what you pay.
@michaelswami2 ай бұрын
@@johnj4094 I actually think they’re generally struggling with costs and some of them may have been laid off. This has spiked this summer, even though bills are low now. Almost as high as the dead of winter.
@michaelswami2 ай бұрын
@@johnj4094 I think many are affected by rising prices and the running out of stimulus money, many are working class and may be victim of layoffs or reduced hours.
@andrjsjan42312 ай бұрын
@@johnj4094what does deadbeats mean in this context? Sorry for my bad english grammar by the way?
@marlon82mc2 ай бұрын
Wife: "Why are you watching porn??" Me: "Honey, I'm just researching the Stripper Index..."
@HamishHodder2 ай бұрын
😂😅
@PowerofRock242 ай бұрын
"It's fine, I'm doing market and financial research"
@YouilAushana2 ай бұрын
Us treasury illicit purchases
@andreawahleithner96402 ай бұрын
Eww
@hughaldous51952 ай бұрын
Tax deductible subscriptions for the business 🎉
@brainstormer25202 ай бұрын
Useful only after 9:10 IMHO. Just skip to 9:10.
@chrisorell2 ай бұрын
We've been in a recession since 2020. Only difference is they keep changing the definition
@jimbanks79942 ай бұрын
I can guarantee you it's not just strippers in Vegas...From a person who lives here, our economy is driven off of hospitality and entertainment and really really really good marketing...Vegas is the most empty I've ever seen it....
@jaminga1232 ай бұрын
its been like that since covid .. That isn't the economies fault. Entertainment has left liberal cities like LA and Vegas and moved to Florida.
@jimbanks79942 ай бұрын
@@jaminga123 this couldnt be more wrong lol...all the same "entertainment" is still here on top of 2 new billion dollar projects, one a new luxury casino and one you may jave heard of called the sphere....theres just less people blowing their money...how you just gonna make some shit up?😅
@Shadowwolf9752 ай бұрын
@@jaminga123 Nice, you just make that up? Fun story.
@baarbacoa2 ай бұрын
@@jaminga123Las Vegas tourism is doing fine. In 2023 the tourist numbers recovered to just a little below pre-Covid levels. Over the first half of 2024 they were running ahead of 2023 by 3.8%.
@ianandersen265Ай бұрын
In the years before this, more and more Asian high rollers have gone to Macau instead for more local gambling action.
@lmnop2912 ай бұрын
Can’t you just make a collection of all of these random recession predictors and create the ultimate Index.
@andrewnagi77652 ай бұрын
Great idea. The middle ones are flaky, but all together they might be more useful.
@rajanranjitmistry2 ай бұрын
Index it!
@Fx_-2 ай бұрын
Not exactly because they only predict the configuration that primes recession and not the timeline at all. It can be 1-8 years or so it depends on a lot of other variables. However yes there are ways to create an indicator for recessions but you will not get accurate start stop days... just a reading that means high probability within unknown years.
@Gattberserk2 ай бұрын
You just need to combined 10-2 yield curve, Credit spread between junk bond and 10 years, and finally sahm recession indicator. All 3 in one.
@lmnop2912 ай бұрын
@@Fx_- Each indicator should give its own range. For example green indicator a says recession in 1-5 years. B says 2-6 etc., you can use the overlap to narrow the time window. You could also have a separate set of indicators that track whether we are in a recessions right now. Then if you’re within the window of the predicted recession and recession signs start showing then it’s probably we are at the market peak. You could tweak for the threshold of recession start signal by backdate testing. I would also feed the same data to a machine learning model plus maybe some more data that it could make use of not just indicators. And train it while also using it as an indicator. Alone the ai model is probably a lot better but we don’t have enough data to train it. We have only had a handful of recessions. Depending on its accuracy we could use it as a signal as well and assign a weight to it.
@nucreation44842 ай бұрын
I think a good indication of recession coming is increased sales of grocery items that have lower unit price. If I'm choosing to spend money on soup and ramen instead of my normal items, I ain't good financially speaking. Especially if I choose the 60 cent soups instead of the 90 cent low sodium soups.
@animula69082 ай бұрын
Where are you finding 60 and 90 cents soups??? Are you a time traveler from 1995 or something?
@justinsommerfeld70272 ай бұрын
My grocery store was nearly sold out of Cheap peanut butter, for a couple months!
@mich000002 ай бұрын
@@animula6908 I could find 80 cents - $1 condensed soups at local grocery outlet and I'm in the expensive SF Bay Area. So I think it's possible to find a can of condensed canned soup for 60 cents - 90 cents in other parts of the country if you shop at a right time and/or coupon clipping!
@Heldimar4633Ай бұрын
Problem with this indicator is that it shows recession affecting the last class of people to receive money. To them the recession changes come last. The flow of money in economy is usually from top to bottom. First FED increases rates, then Business has to react and stop investing in new projects then middle class has less salary due to lack of projects then low class is not hired by mid class for their activities. As a result the moment low class feels it, everyone above already felt it and its too late to react for anyone. In addition mid-high class has no grocery spending changes during recessions, usually, but not always. Thus this would be more a supporting(re-active) Index rather then pro-active.
@428dragpak2 ай бұрын
When I was a garbage man I could tell how economy was doing by how much garbage was in cans, lotsa garbage lotta money no garbage no money
@23mickey23Ай бұрын
No money 👉🏿 no shit 😅
@mytripsvideos45112 ай бұрын
KZbin experts have said that since 2020 hahaha
@HamishHodder2 ай бұрын
im no expert, just a guy making videos about things I find interesting 🫡
@retroliftsprs2 ай бұрын
And they were not wrong huh? Look around you here we are. Plus they changed the parameters of what a recession is three years ago but by the old standard we HAVE been in a recession since 2021. Use your brain before you type something out.
@Mr.Autodelete2 ай бұрын
They've been saying it longer than that lol
@Foreverstudio01922 ай бұрын
@@retroliftsprs explain how we're in a recession by 'old standards'.
@Foreverstudio01922 ай бұрын
@@Mr.Autodelete doomer content pays
@RandomGuyOnYoutube6012 ай бұрын
The indicator flashes the signal not when the spread starts to be negative, but when it corrects itself back up. Then there is usually a recession in the next 6-12 months. This works becouse inverted high inverted yield curve isn't great for the economy and FED is reactive and not proactive. They start lowering rates when they see economy going to sh*t and not before. This uninverts the yield curve and flashes the signal. Which is what is happening now.
@APersonOnTheWeb2 ай бұрын
so what are you saying? the recession is over or it is coming. Please explain I'm dumb.
@voidspirit1112 ай бұрын
@@APersonOnTheWebit will come once the index passes 0 and becomes pozitive again. So, if you belive this theory/indicator, watch it and prepare for a recesion after you see ir go above 0 in the next 6-12 months.
@RandomGuyOnYoutube6012 ай бұрын
@@APersonOnTheWeb I am just explaining how the signal works, I am not saying that it will work in the future. But if it does, the recession is coming.
@thenoodlebuddy2 ай бұрын
It's still inverted though isn't it?
@gordongekko27812 ай бұрын
Thanks for posting this, so I didn't have to. Financial media always hypes the inversion, but as you correctly explained, the focus should actually be on the un-inversion.
@F0XRunnerАй бұрын
I collect expensive knives in the aftermarket. Prices have gone off the cliff in the last year as people have run out of disposable income. Some knives that used to sell for 2x retail wont even sell for 1x now.
@JohnTovar-ks8dp2 ай бұрын
The Stripper Index 2.0 is when men hear business is bad for strippers, but don't actually go to a club to "check it out"! Recession double confirmed!!
@HamishHodder2 ай бұрын
🤣
@greatsoldier19 күн бұрын
Better go tonight to check it out in person
@FabiWann2 ай бұрын
Don't sell when the negative inversion happens, rather when it goes back to positive from negative.
@georgeowell8276Ай бұрын
Some people seem to confuse stock market with financial market and physical economy. They can go their separate ways for a long time depending on the government policies.
@joethong7262 ай бұрын
I think the key factor is not when the inverse yield happened, but when it normalized. All recessions happened right after the inverted yield curve normalized
@billydean46612 ай бұрын
The yield curve can stay inverted for a very long time.
@HamishHodder2 ай бұрын
yep! I certainly wouldnt use it as a part of an investing strategy
@franciscogomez25652 ай бұрын
It’s already uninverting
@dabomboo7o2 ай бұрын
Haha this is the longest inversion ever! Ever ever ever
@billydean46612 ай бұрын
@@dabomboo7o FYI yield curves were always inverted prior to 1929. Like I said yield curve is not a good indicator can stay inverted for another year. Who knows. YC predicting a recession is like predicting the sun will go up.
@theunbearablebull2 ай бұрын
And also once it uninverts the "stock market tanking" doesn't happen for a months if not years lol
@Colors.TF12 ай бұрын
The pawn stores are also a big indicator. Data shows people are selling and not buying.
@sambrown90522 ай бұрын
I work at a high volume law office. Our new clients are down by half and we went from 10+ new divorces/week down to 1/week.
@hakuei75302 ай бұрын
When economy is bad, less divorce
@jaminga1232 ай бұрын
@@hakuei7530 I would think otherwise no? How would less money cause less divorces
@funtecstudiovideos41022 ай бұрын
@@jaminga123Less to steal from divorce deal
@brylaw2 ай бұрын
@jaminga123 paying for a lawyer to file for divorce and going through the entire process is expensive - sometimes people are too broke to get divorced
@heinekelland9223Ай бұрын
or maybe its just less people divorcing due to less people marrying
@clumeroo2 ай бұрын
Call them 'Freakonomics' indicators lol. I always find these stories interesting, thanks Hamish!
@YourRightSideАй бұрын
Even broken clock is right 2 times a day. It is around the corner…… since 2020.
@Carmen4ever2 ай бұрын
My mother and her twin sister were strippers from 2008 - 2012, I was 6 - 10 during those years. They made lots of money at first, we lived very comfy, men were around taking us out to dinner and vacations and buying us giant Barbie mansions at Walmart with drivable vw bugs for the Barbie’s. I’m telling you, men had money. And then.. they didn’t. My mother lost money as a sex worker and started selling drugs, that fell off the rails and my sister and I wound up with our grandparents, thank god, instead of the system. My mother is sober now, 10 years later. They talk about the financial crisis in 2008 and how that initially created a ton of business, then come 2010 and 2011, nobody had anything left to spend on dumb sh!t.
@boogyjuggy2 ай бұрын
always have a back up plan....and multiple streams of income.....a buffer, savings....and you will be fine....have a budget....be disciplined and focused ....breathe mf
@------8372 ай бұрын
@boogyjuggy bro that's the whole point only brain surgeons and old money can afford that shit. Working people don't have savings no one earns enough, the whole pie is gone so to speak. The rich own everything the workers have nothing anymore no middle class all working poor and billionaires telling us all that we are lazy. It high time that we the people get a new deal or time is up on capitalism
@MartinD99992 ай бұрын
@------837 Wrong. When times are good, the average working person wastes money on dumb sh!. The money left over from bills and expenses should be invested. Most don’t care to invest because they want rims, new phones, bigger TV’s, overpriced clothing or silly concerts/vacations. Working class in America are not poor. REAL poverty exists in developing countries. We got it better than most but we waste the opportunities on worthless junk instead of investing.
@MartinD99992 ай бұрын
@Carmen4ever Did you end up selling your self respect for money too or did you grow up to do better than those two? Just curious.
@------8372 ай бұрын
@MartinD9999 my man buying those things you speak of is the economy when people don't have the money to spend on the things they want business go broke town's die the the country starts dying like a cancer. Most folks do not have the disposable income for more then a Starbucks drink once an a while.
@tannazdolatshahi51422 ай бұрын
Very timely video given the sharemarkets crashed today! Well done 👍
@WealthUmbrellaАй бұрын
Your work stands out for its quality in a field where that's often hard to find. Thanks for the effort you put into it!
@dool10022 ай бұрын
Lol the stripper index is a poor indicator since there is a rise in digital media and services of adult entertainment... next gen aren't going to strip clubs just like how we now stream movies at home rather than visit the theaters
@HamishHodder2 ай бұрын
true! hahah
@zarroth2 ай бұрын
no one goes to movies because there hasn't been a single movie good enough to go to a theater to see in over 20 years at this point. It's all agenda pushing and not entertainment. No one is going to pay for that.
@TechThroughHistory2 ай бұрын
The OnlyFans indicator might work though!
@MartinD99992 ай бұрын
Watching women on screens vs watching women in person hmmm… 😂
@briansymmes7917Ай бұрын
Forget the sales of lipstick, a good indicator of economic health is shoplifting, especially cosmetics.
@sallyital14972 ай бұрын
Phenomenal timing with this post.
@zpetar2 ай бұрын
2:30 Do you want to say you don't consider fresh fruit as essential expenditure? I'm from Europe. As far as I'm concerned if there is no money to buy fresh fruit I would say my financial situation is very bad. Fruits and vegetables are essential expenditures here in Europe.
@julianzepeda23982 ай бұрын
They are saying that you don’t need a long feast like in that clip
@ICareBear2 ай бұрын
I don't know who should worry or reduce spending. My company will close for 4 wks from now to year end. I work at the biggest semiconductor company. The thing has been slow down. No, this is not Intel
@mindfulcollective22 күн бұрын
The 2/10 uninverted on the 6th of Sep. More importantly, it is when the 2/10 uninverters that the clock then starts ticking to the coming recession as central bank see weakness in the economy and believe it is time to start droping rates to stimulate.
@TheSkinZuАй бұрын
1:41 even Ross Geller has found himself laid off his work. What a crazy time this was lol
@WillFred-g7gАй бұрын
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
@robstrickland166Күн бұрын
recession doesn't touch those who have nothing, life just rolls along as per usual, but it's going to hurt those with debt, credit card debt etc, it's not inflation, deflation, recession, depression, it's the shift of the axis in the rotation of the financial world
@boombustinvest16 күн бұрын
US Heavy Truck buying Index has tanked on average about 6 months before every recession going back to the 60's
@danielralston11572 ай бұрын
I've gone back to the cheaper plastic individually wrapped "cheese". I wonder if that would be a good indicator.
@HamishHodder2 ай бұрын
the cheese downgrade index 😂
@tretrizzlefr2 ай бұрын
0:47 i know this is litteraly sometype of equalizer but using it in this context is very clever so kudos
@RealJayNice2 ай бұрын
Strippers - The Market is about to crash. Men - Can you just start dancing please.🤣😂
@asan10502 ай бұрын
Hamish Hodder, Thanks for posting this video
@HamishHodder2 ай бұрын
thanks for watching!
@g_wzrd_92652 ай бұрын
Great explanation on the inverted yield :)
@JK-yi9gk2 ай бұрын
but hes didnt explain it correctly, but thanks for bringing it to our attention
@hichamelhadri46032 ай бұрын
Thx or using plain simple English, it was easy to follow what you were saying. Some people would bend backwards trying to find ambiguous words to make them look smart and sophisticated.
@thailandpropertysecrets99872 ай бұрын
Thank you for this video. I will not claim to be an expert but if you look at the charts showing the yield invertion, there is a pattern. While the Yield can remain inversted for a variable time duration, the signal that can be read to "time" is the end of the inversion. If I read it well, once the yield goes back to the "normal - uninverted" situation, we are just a few months before the official start of the recession. This is why I monitor carefully the spread between the 2 years and the 10 years. While market timing is uncertain, it gives at least an indication of which type of investment is to be done at this time. Keep up the great work! I really enjoy your videos.
@badinibeats59392 ай бұрын
love these style of video some really interesting points 👍
@HamishHodder2 ай бұрын
thanks!
@Jake65Kelly2 ай бұрын
Always love your content Hammish. You are one of the best!
@HamishHodder2 ай бұрын
thank you!!
@CarbonHippo2 ай бұрын
As long as I do not have to resort to cannibalism, I will be just fine. -_-
@sryavuz2 ай бұрын
1:53 Yes there is. Just at the left of the arrow you just draw 🤦♂Early 2006 and 1998. 2-3 years is really apart for a market cycle to be considered close.
@theodoroseidler70722 ай бұрын
You fail to mention that the time frame of the 2-10 yield inversion, while variable, is long 1,5 to 2 yrs but the inversion correction has a very short lead time and signals a recession is staring you in the face.
@davgrex2 ай бұрын
Well explained!
@HamishHodder2 ай бұрын
thank you!
@COREMEMORYUNLOCKED2 ай бұрын
Warren Buffett's Berkshire Hathaway added Ulta Beauty and Heico to its stock portfolio last quarter.
@RicardaWindsheimer19 күн бұрын
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.
@Agatha.wayne019 күн бұрын
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
@katherinewood29402 ай бұрын
I happen to buy lipstick today on an impulse. And I haven’t bought lipstick in person at a mall like I did today in probably 5 years.
@barefootmillionaire65442 ай бұрын
love the channel brodda!
@pollitoboii27657 күн бұрын
People don't understand that recessions have to happen and it will happen. It can't just go up forever...
@oarthursanches2 ай бұрын
That's crazy, 1 day after you've posted the video the japanese stock market dropped and a lot of US companies and cryptos dropped with it. Huge coincidence or maybe you've predicted the next recession with perfect timing lol.
@Matt-rw9py2 ай бұрын
Investors watch Hamis and then make decisions based on his research
@jimd8752Ай бұрын
Corpse index is mind blowing 🤯
@tuncaykaplan8032Ай бұрын
How on earth they are counting the mosquitoes?? I can’t even catch one in the room 😂😂
@earthcomedyАй бұрын
Watch Karate Kid to learn how
@2023Red2 ай бұрын
Interesting relationships. Strippers. Yields. Deaths. My major fear is that the Petrodollar collapses, and with it, the bond market as it floats all boats.
@SerendipityChild2 ай бұрын
@@2023Red the USA went into official recession today.
@lovenlune55032 ай бұрын
This video is a minor in Economics ! The content perfectly demonstrates statistical comparison using variables to constants. I was not aware of the variety of indexes. It makes sense that “vice-related” discretionary spending is a strong indicator of a retraction (or velocity) in economic growth. 2 thumbs up!
@cisium118410 сағат бұрын
I remember when they said the Inverted Yield Curve was "never wrong."
@TheAmbulatingFerret2 ай бұрын
My mother passed and we are sort of holding her ashes because we can't afford a burial. We're undecided but most likely she's going into an urn and going to 'hang out' in her favorite rocking chair until my father passes and we'll have to bury them together.
@impermanenthuman8427Ай бұрын
It's the cross back up above the 0 line that is more accurate in terms of timing
@TaverenTech2 ай бұрын
Recession is triggered by un-inverstion of 2/10, and the 6 to 12 month window after is pretty consistent.
@kamalchakraborti135323 күн бұрын
11:53 we can stay invested until 10-2 curve becomes postive again...thats what the chart tells
@fakesox35502 ай бұрын
Another possible recession indicator could be a higher number of Private Business jets for sale
@slippinjimmy3692 ай бұрын
when they announce a recession is when you start buying. not the first day but that month. Also, I work in a commercial building as an engineer. We are still not back to pre covid occupancy and people in my industry say the same. Guys are still out of work from their building cutting staff. To put into perspective what we do.. we ARE the building. We take care of EVERYTHING that makes that building stand. So its very telling when we start getting cut out of the equation.
@ttfan32572 ай бұрын
Thanks Hamish ... You made it easy to understand
@SerendipityChild2 ай бұрын
@@ttfan3257 so good
@dwayned8616 күн бұрын
Use the 10/2 spread coupled with the imminent doom indicator. That would be the TLT / SPY ratio. Set it to monthly candles and use the 10 simple moving average. When the monthly candle closes above the 10 SMA on the monthly and the 10 / 2 bond spread goes from negative to positive, that's the top in the market.
@DjDmt2 ай бұрын
Money printers about to be turned on again
@EM-ig7ib2 ай бұрын
Unbelievable..smh Excellent content... A little dark, but incredibly informative and thought provoking.
@DONB888882 ай бұрын
I'm not a bot and thanks again for this video your content is very appreciated, have a nice day
@HamishHodder2 ай бұрын
that's exactly what a bot would say.... Thanks for watching, have a nice day yourself :D
@Matt-rw9py2 ай бұрын
Who sends these bots?
@hansschmidt82922 ай бұрын
Great video, thank you!
@jacobsaxtoft-moneymastery75312 ай бұрын
It is a very biased and does not take into account for the large monetary expansion after covid (M2 money supply) + we already have technical recession in 2022 with two quarters in a row.
@PatchMcHarg2 ай бұрын
Hey man, interesting for sure. Does seem like an undercover recession is already in play. Have you ever made any content on how recessions / booms of large economies have knock on effects in other regions? I.e USA to AUS
@DeepTemperanceАй бұрын
thank you
@narrgamedesigner27472 ай бұрын
I wouldn't be surprised from rising priced to mass layoffs. That will definitely affect.the markets.
@troyb.41012 ай бұрын
The foreclosure, and repo business is the place to be.
@chrisja19982 ай бұрын
You have to sell after 1-3 months where the yield curve have inverted from negative to positive.
@davidn4125Ай бұрын
I stopped watching this video when I saw the Graphic at time 0.28. Why in the world does that graphic show a correlation between unclaimed deaths and recessions??? It does not!
@fatbat49902 ай бұрын
Amazing job.
@LiveliftlearnАй бұрын
Don’t forget E commerce sales down as well
@siddharthae1Ай бұрын
Stupid news, when the media says recession it doesn't come, it comes when they says vice-versa 😂😂😂😂
@Bugsy0012 ай бұрын
We are into the worst deepest recession and depression fast and will last a very long time and I'm still unemployed over 6 months still
@harshtaleda8378Ай бұрын
im 22 rn and this is already the 8th once in a lifetime financial crisis, its honestly depressing how much shit young people have to do just to be able to live
@AGCanadaeh2 ай бұрын
Correlating unclaimed bodies to recessions is interesting.
@Rsonicus2 ай бұрын
Don't focus on the macro, focus on the micro, valueing a business is already tough enough :)
@jayantbhave51042 ай бұрын
Recession is beautiful. Let it come. Then we will get everything cheap i.e. at 80% discount. I am sooo looking forward to it. Thanks for predicting this lovely thing called recession 🤗
@Just_Quixote2 ай бұрын
Hamish, what have you done… Streets full of blood and it’s just the next morning
@HamishHodder2 ай бұрын
it wasnt me! 😂
@billshackelford34262 ай бұрын
Then there was the yeild curve. Its never been wrong, untill now.
@gregg61732 ай бұрын
Fascinating!
@billdaker11202 ай бұрын
In the midwest, we've had one of the worst mosquito outbreaks 2024. Thought it had more to do with cicadas.
@markwriter26982 ай бұрын
Warren Buffett has said the market is overvalued for quite some time. This is certainly a correction. But the numbers are always manipulated regardless.
@roconnor012 ай бұрын
What a 'cheery subject" !😟
@ashman00712 ай бұрын
More important is you and the Banks can earn over 5% risk free on a 'short time' CD or a money market investment account or even a credit union or bank savings account. This means Banks aren't going to 'cook up' money to loan you or anyone else, they keep if for themselves and earn this 5% risk free - less fiat currency in the economy means Recession unless the government drastically increases spending.......
@Stabby__2 ай бұрын
Well the current administration government changed the definition of recession... US has been in one for awhile now, and inflation is way higher then what they've been reporting. Sad thing is the current gov is doubling down and it is certain now its all by design, thats insane.
@MartinD99992 ай бұрын
You forgot to mention your gratitude to the current administration for the record breaking market prices and gains too. How convenient.
@Stabby__2 ай бұрын
@@MartinD9999 🤣 if you honestly believe things are good right now, I got some beach front property in Kansas to sell you.
@theonlyconformist20 күн бұрын
No one has a crystal ball and people have been predicting an imminent recession every year since 2011. Longer, really, but if we narrow it to the most recent major recession, I'd say 2011. There's only so much you can do to prepare for one so it's useless to try. Have enough savings to last you six months and if you have more than that, invest it.
@tinakevic50822 ай бұрын
as a millennial, i haven't had enough time to enjoy rich years but have been struggling through crisis after crisis. when will this stop, please? will we have at least 10 calm years?
@chrisja19982 ай бұрын
We got unclaimed bodies index before GTA 6🗣🗣🗣
@chriss43652 ай бұрын
What predicts a recession is when the fed raises rates a recession always follows but it usually takes several years before it does then they say oops and lower rates.
@animula69082 ай бұрын
The market crash brought me here.
@ThisGuyAd.2 ай бұрын
0:27 Can anyone see a connection here?
@CognitiveInsuranceАй бұрын
just combine the indicators!! more info, better predictions!