This is Atrioc in peak form. The whole episode was so good, great presentation and editing.
@capitanwalrus68662 ай бұрын
4:36
@Ka_chi12 ай бұрын
@@capitanwalrus6866shhh
@silviup2 ай бұрын
@@capitanwalrus6866 I wanted to say the exact same thing
@xerael46592 ай бұрын
Nah, there was no Monkey Ball sea shanties. It's far from peak form.
@LemonSherpa2 ай бұрын
This was an absolute feast of coffee and glizzies
@celestialwaffle14912 ай бұрын
If Big A is right about all this, he's never gonna let us hear the end of it.
@DNeonLamp2 ай бұрын
Man's gonna write and star in his own version of The Big Short, but with less witty satirizing and more laughing at his own jokes.
@thecluckster39082 ай бұрын
I mean with how many times he loses it’s good that he’s getting a win for a change
@mrobama18972 ай бұрын
That's what I fear more than the actual recession
@markuskoivisto2 ай бұрын
He is right. It’s just a question of how bad it’s going to get.
@qbertrules43942 ай бұрын
he'll be right... eventually. the issue is when. the market is up 25% in last year and 90% in last 5 years. eventually there will be a crash, but maybe its in another 5 yrs after another 100% gain
@Cmanorange2 ай бұрын
"we're" in a recession?? speak for yourself old man, my money UP!!!! (i am committing open wire fraud)
@PointsofData2 ай бұрын
Based, what's your book?
@sleep34172 ай бұрын
Do you have a TikTok where you post videos of it?
@g.b.15322 ай бұрын
🧐📸
@a-mb3wl2 ай бұрын
BASED
@UriGerhard2 ай бұрын
Fools don't even know about this crazy new bank exploit (I am committing check fraud for the third time)
@Staymare2 ай бұрын
In Canada, over 90% of our job growth has been government jobs. The small company I work for does surveys for power companies, mines, oil and gas, and other industrial ventures. We are usually booked full and we've been sitting in the office the entire month of August. I know one utility company that is opting out of mandated infrastructure surveys for cost purposes. Canada is in a full recession, the institutions just will not admit it
@jamien70492 ай бұрын
I'm a public servant in one of the GoC's biggest departments. We're in a budget freeze right now, and not only are we not hiring to fill roles, but we aren't backfilling. The PS wants to lose 5000 public servants through attrition in the next few years, Return to Office for 3 days a week for groups like IT who haven't been in office since even before the pandemic may push even more towards the private sector if they can find jobs. There are rumours we'll be getting workforce adjustments soon and if the conservatives win in 2025 they might aim to cull more and switch the pension from a defined benefit pension to a defined contribution retirement. Not saying you're wrong at all, the PS ballooned during COVID for a lot of reasons, the PS needed to transition to working digitally, it offered more services, the government spent a lot of money and needed people to manage that. It's just that it won't stay for long.
@Seawiiplay2 ай бұрын
I'm not PS but the company I work for has the GoC as it's sole client... Luckily since we are nuclear it's been nothing but budget miracles for 2025 but that may change in 2026 if the public sector goes down
@aceplay1002 ай бұрын
@@jamien7049I'm a recent summer student hire for GOC and can confirm that for my team, it's pretty lean and other groups aren't hiring entry positions in the same numbers anymore. I barely got in and was picked out of a random inventory I forgot I applied to last October/November... RTO is especially screwing with my co-workers who got hired 2020 for remote and live in small towns with a long car commute to the next office.😅
@yeeaight99902 ай бұрын
@@jamien7049Oh boy you have no idea how much I feel you, I work for the CRA and I’m 95% certain you do too ahaha. Let’s just hope they are no actual forced cuts on contracts and that they only wish for people to leave by themselves..
@dereksbooks2 ай бұрын
The media will admit that Canada is a disaster economically once their preferred political party loses next fall. The same will happen this winter in America.
@ChaoticOccasus2 ай бұрын
Hands down one of the best presentations Atrioc has given. I've been looking forward to the edited MM version!
@jackattack3472 ай бұрын
@@DerekS-kq3zhthey'll have this eureka moment and still vote kamala anyways as if she wasn't part of this flunk of a presidency
@maxwellreichart37972 ай бұрын
@@DerekS-kq3zhtrump did that but even worse lmao
@Meddemmmmmmm2 ай бұрын
I mean even the guy applying to 1000 jobs with a bot and only getting 50 interviews tells you everything you need to know about the job market right now.
@IsitFridayalready-r6c2 ай бұрын
Not just that they're applying automatically, but the Reddit post also said the CVs are custom-tailored to each job opening.
@pedi-kun3978Ай бұрын
5% success rate that's quite bad
@andrewbillings198Ай бұрын
Fr
@interstellarsurferАй бұрын
@@pedi-kun39780% success rate -- 50 interviews and no employment.
@DaBlaccGhostАй бұрын
So you're saying it was not a great move to buy a corvette this year?! 😢
@ims1n2 ай бұрын
The whole opening of this video reminds me that one of the best places to look for economic turmoil is strip clubs. If the club is doing well, usually the economy is too. If the clubs doing poor, usually its because wealthy to middle class business men don't have money to blow. Strippers, Escorts, and Club owners usually have good insight to the economy as odd as it sounds. Opposite to that, grocery stores usually do better in recession than not. Even while other food services being to struggle. But there are key signs inside grocery stores that certain things are going terribly wrong. Key items that maybe sold well, that suddenly stop: pizza, meat, sweets, etc. usually because people are having to make hard decisions on what they want and need. Sales on canned goods, ramen, and ziploc bags go up. Food stamp eligible items tend to sell more. Thefts of items like alcohol, makeup, baby food, condoms, coffee and more are also great insights in grocery stores. There are loads of ways to realize if we're in or heading into recession long before the treasury says so. Most of them sitting right in front of you. You don't have to be reliant on understanding the housing market. Or be familiar with stock market trends. Or reliance on news sources or political officials to tell you. You just have to be willing to look in the wrong places.
@scouthatesrainbows2 ай бұрын
What a fantastic and genuinely useful comment
@sugabopp2 ай бұрын
i mean just looking around my community and talking to friends and family, almost no one is doing considerably well financially. my mother has spent weeks sifting thru ghost jobs in hopes of even getting a response back, rent has gotten so expensive that living by yourself isnt in consideration anymore (even hundreds of houses are sitting empty), the prices of items are only increasing and the size of the product gets smaller, etc. when the condition of everything around you is degrading, but the govt is telling you its supposed to be all sunshine and rainbows, you really run out of things you can control to blame it on
@PointsofData2 ай бұрын
How are we supposed to know the sale metrics of stores and whether a business is struggling, when they are unlikely to announce they are struggling?
@ims1n2 ай бұрын
@@PointsofData man if only they posted quarterly reports or something.
@ponz_s2 ай бұрын
@@ims1n Ah yes, let me go look at the local strip club's quarterly earnings report
@ericolivier12712 ай бұрын
As a junior civil engineer I just want to add onto the graph at 8:15 - the biggest clients for civil is often various levels of government because they're the big backers for infrastructure development. Comparing civil to other engineering disciplines is a useful measure for the relative strength of public vs. private sector jobs within an industry. That doesn't mean civil is immune to the same problems though, as the industry is also seeing sporadic layoffs and a general malaise around hiring (although this might just be region specific)
@GAHAHAHH2 ай бұрын
Probably the most respectable form of engineering. A sincere "good for you man" from me. Hopefully you can keep your job.
@VolanWark2 ай бұрын
Yeah, as another Civ E here, most of the people I went to school with work for the federal or state government. And those who went to private firms do most of their work for different municipalities
@ComfortableTool862 ай бұрын
I work as an accountant at an engineering firm and that makes a lot of sense, most of our work is civil and most of our big clients are government. Funny, because most of my friends took electrical engineering and looked down on civil during university
@VolanWark2 ай бұрын
@@ComfortableTool86 Civil is definitely near the bottom of the totem pole in university, atleast as far as perception among the students. Great work, just how the stereotypes work out
@awsomelife1012 ай бұрын
real. just graduated in may and got a job in structural engineering at a transportation infrastructure firm despite only sending like 20 job applications. many of my friends are struggling to land jobs/had to send out hundreds of applications to get one
@BlinkrBanana2 ай бұрын
One of my favorite marketing Mondays you’ve done I sent the vod to a couple friends of mine and they really enjoyed it
@electron68252 ай бұрын
Humble brag about having friends
@Michael-pi8ps2 ай бұрын
Fun fact: Washington DC and nearby parts of Virginia and Maryland, are some of the most recession proof areas to live in. This is because the vast majority of us have government jobs
@henlo19102 ай бұрын
Yaaaaay prices will stay high no matter what yipeeeeeeee!!!
@404schmoozernotfound2 ай бұрын
ugh i have an interview for one soon and now im nervous
@tomlxyz2 ай бұрын
@@henlo1910why did you write that as response
@Angels5102 ай бұрын
The only thing the government loves to bail out more than banks is itself
@CommanderLost2 ай бұрын
This is why I sell windows and doors in the area. Six-figure job that's basically recession proof.
@jeffrywinkle20082 ай бұрын
The island you referenced in Florida at 11:25 is fort Myers Beach, I grew up there my whole life. Everything is for sale partially from the housing market, but mostly because we got hit with a category five hurricane (Ian) two years ago that completely destroyed the island. Most of those properties for sale are empty lots and people that cannot afford to rebuild under the new codes that the city is enforcing.
@plebiain2 ай бұрын
This is a very insightful comment, I'm surprised it hasn't gotten more attention
@brandonscott9Ай бұрын
This is corrext
@redkaufman892Ай бұрын
That is still a problem because why is a vacant lot 3 million dollars
@brandonscott9Ай бұрын
@@redkaufman892it’s literally on the beach. It’s beachfront property. It’ll eventually sell to a commercial property. Used to be mom and pop shops without insurance and some cheaper housing
@redkaufman892Ай бұрын
@@brandonscott9 it’s gonna be underwater in a decade no one will buy it let alone for that much. The mom and pop shop owners will either need the government to buy it from them or write it off as a total loss. That is still a problem with the real estate market
@justjuniorjaw2 ай бұрын
24:35 I wish you the best. Cold closing line.
@tankeruber13372 ай бұрын
Apocalyptic, truly
@raulgonzalez89392 ай бұрын
that sent shivers let me tell you
@Jc3Films2 ай бұрын
All in on red tonight
@1Fresh_WaterАй бұрын
May the odds be ever in your favor
@cholocco28312 ай бұрын
I thought this was that “I fell in love like you fall asleep” quote
@Wally_MD2 ай бұрын
I can't believe Hemingway plagiarized John Green.
@norwegiansmores8112 ай бұрын
1:41 it was obvious when bidet was hiding in his basement not campaigning at all. yes he got older in the 4 years of his fake term and that has zero impact on the fact that he was GONE back even then. another (un-debunked) conspiracy theory that proveiled.
@kylen64302 ай бұрын
@@Wally_MDlol
@dextersummers83812 ай бұрын
tbf, Hemingway actually said "Gradually, then suddenly" rather than Green's slightly different and a little more poetic "Slowly, then all at once"
@kylen64302 ай бұрын
@@dextersummers8381 and green wrote several decades later
@jesszendrex21512 ай бұрын
who are the Floridians going to sell their houses to? Aquaman?!
@bigworm50242 ай бұрын
The newly imported citizens, perhaps.
@MrMurica2 ай бұрын
Legendary reference
@ZaKRo-bx7lp2 ай бұрын
@@bigworm5024 News flash, they're poorer than us. We're basically importing more of the working poor.
@mustangnawt12 ай бұрын
Come on, we don’t all live by the sea. I don’t even live in a flood zone. But can’t find homeowners so…touché
@matheussanthiago96852 ай бұрын
@@mustangnawt1 "we don't all live by the sea" You will
@melogranohifi2 ай бұрын
I think you mixed up two different quotes? The Hemingway quote from The Sun Also Rises is "Gradually and then suddenly", talking about bankruptcy. "Slowly, and then all at once" is by John Green, it's about how a character in The Fault In Our Stars fell in love.
@bizarreaccident89342 ай бұрын
Lol that’s pretty funny how similar they are
@pithlyx2 ай бұрын
Common John Green W
@JohnSmith-ox3gy2 ай бұрын
@@pithlyx I can't believe he is a brother of the legendary Hank Green.
@lachlankidd65172 ай бұрын
"Gradually, then suddenly" is the correct quote, but "slowly, then all at once" has been a fairly common misquote of Hemingway since at least 2005. So more likely a case of John Green being inspired by that quote too considering his literary background.
@melogranohifi2 ай бұрын
@@lachlankidd6517 I believe there’s a video out there of John Green describing how he “came up” with that line. I think it’s one of those cases of soft plagiarism where he read the Hemingway line and it sat in a corner of his brain until he basically regurgitated it without realizing it wasn’t original.
@magi40202 ай бұрын
As a student of Economics (currently looking to get my masters) and an employee in a big university, one of the most enlightening and disturbing things I've learned is how inaccurate and fucked our economic indicators are that constantly get brought up as talking points by politicians. For example, the way we calculate unemployment was initially invented by a NYC mayor that excluded swathes of people because they hadn't looked for a job in the last 6 months, were disabled, etc. It was literally skewed so he can utilize it in his reelection and that framework was later adopted (with some minor modifications) by the Feds in the 1930's and is looked at as a gold standard. Other indicators that we really need in society like Labor compensation per hour worked and rent/mortgage to income ratio are woefully neglected but reveal the bleak truth average Americans feel; overworked and underpaid, unable to provide basic necessities for themselves and their loved ones. Me and my 2 roommates make just about the average income for our area and we barely get by living in a ratty ass apartment. All this yapping aside, I just want to scream out to the world that the numbers and economic buzz words thrown around by politicians and leaders are literally useless for the vast majority of people and I hope that we can move past the smoke and mirrors.
@scrungus4832 ай бұрын
Dawg. “Looking to get my masters” is not a credential you should ever list. Lmfao
@magi40202 ай бұрын
@@scrungus483 it’s not a credential I list, it’s what I put in a KZbin comment bc I’m in school for it rn and I wanted to share lmao. Do you really think I want to impress some random commenter like I'm applying for a job? Touch grass lil bro
@meirl57002 ай бұрын
@@magi4020 I start the final year of my economic undergrad this year and I have no fucking clue what to do after; since when I finish we’re gonna be in the next recession so how am I meant to get a trainee job when no one is hiring (not that the careers service at my university has helped in explaining what jobs I can actually apply for and not get instantly denied)
@magi40202 ай бұрын
@@meirl5700 I feel you, I was in that exact same position when I completed my undergrad. Admittidly, I got very lucky but my best advice is to make connections. Regardless of your field, that is unfortunately what matters most. I worked for the university in a field that I thought had nothing to do with what I studied but I got a full-time job in that dept and have been hear for a few years now and they give me free credit hours as a part of my employment. It doesn't have to be uni connections, but anywhere you have a foot in.
@Fr00stee2 ай бұрын
the DOJ is currently suing realpage which is a company that forces landlords to fix prices at the amount realpage wants, killing the renting market and driving up rent by huge amounts
@thecoomer65742 ай бұрын
4:37 atriocs joe biden intro was so long he got into character
@emperesque12182 ай бұрын
I love graduating from university into a recession RAHHHH🔥🗣️💯
@reggislowgas9932 ай бұрын
Hell yeah brother i can't WAIT
@Keniisu2 ай бұрын
We’re so cooked 😭
@RD-io6sm2 ай бұрын
For the vast majority, my personal growth has been stunted since 2018. I came out of a deep depression in 2020, and then this whole chain of world events unfolded. Now my depression is back because I can't seem to get ahead in this economy.
@dragontears2 ай бұрын
Did that in 07-08. Honestly, like Atrioc said, growth is in government work. Try to get into a city/county position if you can manage it. Safe and full benefits
@vayate1234Ай бұрын
@@RD-io6sm Covid was a Shock followed by a volatile energy market because of Putin's war. Shit happens and it takes time to balance itself out again. If the Republicans don't get back into power again because then you're done for. Trump's tariffs and the upcoming next tax cut for the ruling class shall we say will be great for them. Even when the economy implodes like it has done under every Republican president in the last 3 decades.
@sugabopp2 ай бұрын
ghost jobs should be illegal. literal false advertising. if youre a major company you have the resources to close out applications when you get new hires, a mom-pop shop could do that
@Palozon2 ай бұрын
The dude in all caps at the end saying "SELL YOUR HOUSE AND LIVE IN YOUR CAR" was _not_ paying attention to the real estate part of the stream.
@ipohertroyanov4642 ай бұрын
Well it's not like it looked like you could sell it for higher prices than now
@CriticalKunic2 ай бұрын
Here's another issue for Florida home sellers that's not being reported on: HOAs, some run by very large corporations, are starting to be delinquent in their handling of HOA funds. I'm trying to sell in a neighborhood that has raised its HOA fee from $275 to $450 since 2020. But they didn't report the increase to the government (probably to save on taxes), and now it's impossible to get a loan as a buyer in my neighborhood. It's making the home selling issue way, way worse, even for buyers.
@MrUltimatePCgamer2 ай бұрын
Is the reason it’s hard to get a loan in the neighbourhood because the HOA got found out and got blacklisted?
@CriticalKunic2 ай бұрын
@@MrUltimatePCgamer the government is investigating them now and have paused loan approval for hundreds of homes in my area. My understanding is that we’re not the only community impacted by this.
@courier69602 ай бұрын
HOA’s are bad enough, living under one that’s a corporation sounds even worse 🤮
@MrUltimatePCgamer2 ай бұрын
@@CriticalKunic That’s terrifying, hope it resolves. Insane that innocents like you are allowed to be impacted
@jacklelievre31382 ай бұрын
I SKIBIDI WITH WHO JOE?!?! 1:11
@byrontheusurper65052 ай бұрын
Omg I heard it too
@kugelblitzingularity3042 ай бұрын
Fucking Aquaman?
@3dTank2 ай бұрын
This is such an important video. The level of financial gaslighting going on right now is insane. And in a few years, we'll have people saying how it was obvious in hindsight, while the same people were insisting that we need to keep buying at inflated all time highs because number only go up.
@keithfilibeck2390Ай бұрын
We love in a post truth civilization, telling the truth is not just frowned on, it's punished, here we are
@liamkeating17932 ай бұрын
Man honestly I feel like these videos are one of the few ways I can get a real feel for the truth of the markets - keep up the good work!
@lwardrop24532 ай бұрын
With how corporate companies are using AI to “sweeten deals”, it’s starting to look like we’re going beyond “Dead Internet Theory” (where most of the content and interactions online are made by programs and not humans to the point where program interacters are reacting to content made by program creators): We’re going to have “Dead Market Theory”. A lot of the market choices not being made from data off of actual people, but from programs mimicking consumers and providers!
@lwardrop24532 ай бұрын
What I’m thinking is that eventually this “Dead Market” of the “Dead Market Theory” is going to make it impossible to apply for jobs online, create job listings online, and set reasonable prices for items online, because all of them are going to be at the mercy of program algorithms with their own dubious goals. We might end up with online markets where everything looks peachy-keen to companies and investors, while the common people who have been practically replaced by algorithms may be able to sneak away while the companies aren’t looking (but the poor suckers who are relying on those online market indicators are going to be left behind using junk data if no one can convince them to stop using the markers that come from the internet).
@fujinshu2 ай бұрын
@@lwardrop2453 Will this mean that we have to actually find jobs IN REAL LIFE?!
@courier69602 ай бұрын
Honestly lump in “dead workplace” theory to that nowadays too, due to modern technology most white collar jobs are 15-20% real work, and the other 85-80% is just nonsense to fill time due to how the workweek is structured
@lwardrop24532 ай бұрын
@courier6960 Exactly. I didn’t specifically mention a “Dead Workplace”, but that’s definitely part of the “Dead Market” puzzle.
@biosupdate7449Ай бұрын
2030: dead earth theory
@samplesmile2 ай бұрын
I know this is a John Green quote but my mind immediately went to the Jon Bois Dave Steib documentary 💀
@Itsme0F2 ай бұрын
Love jon bois
@colemilz2 ай бұрын
The Dave Steib documentary is so well done. I might need to rewatch it now
@heyitsnobody2 ай бұрын
Time to rewatch that video I guess.
@coltengerloff21732 ай бұрын
Based
@Yopiwastaken2 ай бұрын
bro it's a Ernest Hemingway quote he literally shows it in the video
@naute2day2 ай бұрын
This video is like watching The Big Short again, but this time it's happening in real time.
@BilllyButton2 ай бұрын
Not going to lie, this was the first marketing monday that made me so anxious about the economy.
@ZaKRo-bx7lp2 ай бұрын
Dude, I've been anxious since I got laid off in 2017. I've only been living with minimum expenses and only renting while bouncing around the State. Anyway, welcome to the club, dude.
@fokare6922 ай бұрын
@@DerekS-kq3zhWhat exactly did he do to cause a recession?
@Currynord2 ай бұрын
@@DerekS-kq3zhhow about CHIPS, BBB, domestic drilling and manufacturing permits? None of those factor into your little equation? Joint Economic Committee indicates that domestic manufacturing jobs increased under Biden.
@fokare6922 ай бұрын
@@DerekS-kq3zh 1. Imma need a source for this because I cannot find that anywhere. 2 i can also not find anywhere but if it was that would be a good thing for the economy, especially high skill immigrants but all are good. 3. Inflation is down massively sooo 4. Just a general virtue signal 🥱🥱🥱
@jakefromstatefarm69692 ай бұрын
@@fokare692inflation being down doesn't mean that prices are back to where they were. If wages don't keep up with inflation, which they don't, things are more unaffordable now than ever. Most immigrants are not high skill workers, and they may be good for corporate profits, but they aren't good for native blue collar workers who are being priced out. How is it a good thing that corporations have a group they can exploit even harder?
@zandermartin34452 ай бұрын
Ahhh, the story of Brandon “The Glarketers” life
@bleakstuff2 ай бұрын
Loved that whole part about marketing and stuff. Timeless classic. I will show this to my kids on the day they are born and the day they die.
@electron68252 ай бұрын
Same day?
@AshkanKiani2 ай бұрын
comment template for not even watching the video
@fernando49592 ай бұрын
only in those two days, not any other
@CountingStars3332 ай бұрын
You hopefully won't outlive your kids.
@TotalElipse2 ай бұрын
The Hemingway quote is “Gradually, then suddenly”, “Slowly. Then All At Once” is John Green lol
@blu-rae8642 ай бұрын
Same words different day
@fakeplaystore799125 күн бұрын
John Green is a bonafide cuck and should be ignored by everyone.
@samh23402 ай бұрын
As someone with two jobs, I promise that "unemployment" is not a good stand-alone measure of how good an economy is doing. My finances are fucked because I don't make nearly enough money to keep up with cost of living. But I'm still employed. This is the same for 90% of my friends and family.
@WildFungus2 ай бұрын
bro fake news, food doesn't count toward the inflation index any more, they changed it. man up. :D
@testacalsАй бұрын
@@WildFungus wait really ? LMAO.
@WildFungusАй бұрын
@@testacals yes quite really, its terribad over there.
@dkis8730Ай бұрын
@@WildFungus I live by myself, and cook and buy food responsibly, not many snacks, mainly base food products I can cook at Walmart. I somehow spend $100+ every week??? This is in South Texas where COL is fairly low I feel like. Like there's memes about grocery store prices, but this shit isn't even a joke anymore. Buying basic ass shit for groceries should never feel like a financial burden
@WildFungusАй бұрын
@@dkis8730 yes, I was being facetious as eliminating essential goods from the cpi to say inflation is not happening when the groceries have gone up 2 to 300% in the past 4 years, I thought would be clearly bullshit being done by the fed to pretend there isn't a problem. Its like the RV thing oh RV sales are up, no people are living in them they're cheaper than houses and no property tax. it's allready bad they're not a sign it's going to get bad, it's the SO LONG AND THANKS FOR ALL THE FISH play. Anyway hopefully things turn around for you.
@yankeedoodle11942 ай бұрын
I left my job Nov 23'(gig work, end of contract), got back into school and returned to the job search. After sending out likely close to 300 resumes, and being ghosted by nearly all of them, I quickly realized something might be off.
@BlueHasAppeared2 ай бұрын
I fucking grew up in Lee county i never thought id hear the place i grew up in being talked about in a video like this what a wild ride
@MrRhoidRage2 ай бұрын
Same lol
@justjuniorjaw2 ай бұрын
Everything. Everywhere. All at once.
@sempervelox2 ай бұрын
Great movie
@CalamityBaird2 ай бұрын
@@sempervelox hard disagree
@Tyc99092 ай бұрын
@@CalamityBairdedgy contrarian spotted
@zalooooo2 ай бұрын
Things may get worse but the question is how bad? Unlike the GFC, our banks are properly capitalized and there's no powder keg in MBS / CDOs / other toxic assets that can be difficult to unwind during a downturn, unless there's something lurking under the surface that we havent seen yet. Example with the recent SVB bank run which was relatively self contained. The Fed and other regulators have put a lot of work into ensuring we don't have the same kind of financial contagion that spills from Wall Street to Main Street again and I'm hoping that their efforts were successful. That being said, I mostly agree with everything Big A is saying
@gabe58682 ай бұрын
A quote from @ESP-23, "We must not ignore the inconvenient truth of Big A's multiple Biden moments during Marketing Monday. He might be getting too old to stream." We must acknowledge this.
@GEM4sta2 ай бұрын
He's sharp as a tack, do not worry
@biosupdate7449Ай бұрын
@@GEM4stahe’s on fire, he’s ready to go
@RichHeart892 ай бұрын
The Bezos clip is really a hard agree. At my job we say ”You get what you measure” because in the past someone thought it was a good quality indicator to track the amount of Hotfixes made to our product. Which obviously meant that people weren’t very keen on fixing bugs fast because the metrics were kinda punitive like that. So fixes were made, but mostly like ”well the next update is in two weeks, well manage”
@frozenepsilon52952 ай бұрын
I know we are in a recession because I’m looking to make nearly 6 figures this year and I’m worried about paying rent. I was living more comfortably with half the salary 2 years ago
@HStorm262 ай бұрын
I think some of the biggest issues big A points out at the beginning of the video are also because saying "we're in a recession" is bad for the economy. As soon as someone cracks and admits we're here, it's going to lead to another dip, and nobody wants to be responsible for that.
@ViewOf2 ай бұрын
Jup, you can clearly see how desperate shareholders are getting now, at basically any company. The general expectation, that everything will go up forever is based on more money in the stock market. That can obviously not grow indefinitely. It has until now, because it was less popular in the past, but now people are retiring and taking money out of the stock market, which will lead to the line not going up anymore, but shareholders want line to go up, so they change CEOs, fire large amounts of the workforce and start union busting and replacing with AI, until nobody is there to buy products anymore. They released a free TV! TVs are cheap! Why? So people can watch ads constantly? What is someone gonna buy, who can't afford a TV in 2024? Why does no one else notice this nonsense? I am going insane!
@courier69602 ай бұрын
The transition to fiat currency has had disastrous impacts on society. People have been saying that money doesn’t feel real anymore, and they’re right - they just haven’t been able to fully realize why until now with how bad inflation and spending has gotten.
@fokare6922 ай бұрын
@@courier6960Do you know what The Great Inflation is? Covid and beyond is nothing compared to the 70s.
@a-mf4ls2 ай бұрын
I could watch your vids all day!
@hughcafritz39972 ай бұрын
Just moved to LA struggling to find my place and I gotta say your content and streams make it a little less lonely out here! Thanks you!
@redgehenna44932 ай бұрын
tapping the "its always corporate greed" sign for the millionth time
@unchartedchartz2 ай бұрын
This video feels like every video from the Big A channel from the past few weeks but condensed into 25 minutes
@Loxu692 ай бұрын
I remember a few months ago someone in a youtube comment was telling me "the recession wasn't real" and they'd "be able to sell their house they bought for 1 million dollars for 5 million dollars". I told him straight up you will never sell that house for even close to 5 million dollars you are in a bubble and it will pop. But I was the stupid one
@blueguy98332 ай бұрын
Literally you called it. NASDAQ has fallen by over 0.5% in the past 24 hrs. Crude oil in particular has dropped nearly 2% because China decided to drastically reduce their spending on it which points to the conclusion that China may be in a worse recession than their administration has reported, which will likely spiral into global economic downturn.
@WildFungus2 ай бұрын
china is literally delaying having to Zero out the balance sheets and suck all the money in the nation into a black hole.
@Blobf1sh_Ай бұрын
He saved my portfolio like -7% in losses I sold everything bought bank stocks and gold and utilities I’m up a +1% so far
@testacalsАй бұрын
@@WildFungus china only will feel some effect if outside countries go through something IMO.
@WildFungusАй бұрын
@@testacals why would you think that? they're in a crippling mess of monetary disfunction. like the shit you hear about is being downplayed and it's awful sounds, like 1 billion empty homes? never mind the unfinished ones. they're just building for people to invest int hem as a retirement plan but the prices are fixed. This is actually happening in Canada too just less so, and it's going to be terrible for us. China is pretending they're not going to collapse right now, but they will.
@testacalsАй бұрын
@@WildFungus Because china relies on export a lot. People don't say that china is world's factory for nothing. The ghost town myth is debunked afaik. All of those houses are owned by someone. Someone being an actual person instead of some company. There was a real state bubble and the gov popped it themselves. Technically speaking all the land is owned by the gov so they can end the real state speculation issue completely if they wanted to. China has much more tools to deal with internal economical issues than any other country. "China is pretending they're not going to collapse right now, but they will." Things that only happen in your dreams
@videoveiwer2 ай бұрын
21:11 Missed one thing tho, “they refuse to cut spending” they’re happy to cut spending if it’s to social services or a safety net. The only thing they won’t cut is military spending
@ChucksSEADnDEAD2 ай бұрын
The way certain countries are behaving kind of retroactively justified that. Turns out if you're not thumbing the scales everyone starts invading and blocking shipping lanes. I kinda need those open or else I can't afford stuff.
@videoveiwer2 ай бұрын
@@ChucksSEADnDEAD I can’t afford shit anyways. This is the least affordable rent, etc has been compared to min wage. Spending on military has made it exponentially worse
@RetroRadianceLightАй бұрын
@@ChucksSEADnDEADi don’t care if Jerusalem gets sacked by the collective Muslim world. I don’t care if Ukraine is forced to capitulate to Russia. I don’t care if China ends up retaking Taiwan. All I care about is worrying if I will be able to even retire in my lifetime. If being able to afford food and retire means our international allies all lose, then so be it.
@testacalsАй бұрын
@@ChucksSEADnDEAD USA isn't the good guy. They are the bully
@testacalsАй бұрын
@@RetroRadianceLightAlso, outsiders not gonna care about what you think when your country is shit.
@clark10662 ай бұрын
11:50 I used to live in Lee county a couple years ago. The vast majority of homes are spread out from each other and a good amount of those are vacant. It's not a bad area to live in but it's pretty lonely.
@carlsoll2 ай бұрын
Can Confirm, I Grew up in Naples. Lee County is *right there*
@LoFiAxolotl2 ай бұрын
The big problem with the American economy is it's reliance on stock trading.... stock trading is going great right now... the economy looks amazing... the 1% is doing great.... the other 99% are fighting to justify buying bread because it's 40% more expensive than in 2019 while their wages have been stagnant... the wealth gap in the US has become so big that the economy itself is completely irrelevant.. the 99% do not feel a 3% growth... they do feel when it gets lower and suddenly they get fired so a CEO can keep getting a bigger and bigger bonus
@shosc162 ай бұрын
I don’t think 99% of people are contemplating buying bread, that’s way too high. Discretionary spending is at an all time high, ie people spending on shit on amazon, entertainment, etc.
@coconut74902 ай бұрын
Yeah that's why Big A call it the "K shape economy" the top 1% to 10% asset holders are doing really well with the stock market producing higher highs but the rest of the boys, the 90% ie middle class/blue collar workers are fighting for their life with rising cost of living and debt while not reaping any benefit of the market except for their retirement fund I guess. Something gotta give when one part of the population is struggling to put food on the table while the other travel around the world since the dollar is so strong from high interest rate. We will probably see Occupy Wallstreet 2.0 again when the recession happens (if we aren't in one already lol)
@LoFiAxolotl2 ай бұрын
@@shosc16 Ahhh the ol "if you buy less coffee at starbucks you wouldn't be poor argument" yes of course people are poor because they're just too stupid to handle money... not that the cost of living has MEASURABLY skyrocketed while wages have been stagnant except for the already ultra wealthy... it's easy to ignore reality when you put your head in the sand
@courier69602 ай бұрын
The consolidation of wealth in America has far surpassed that of even the gilded era (which is really saying something), and just like the gilded era we can all see that the work week and the quality of life could be way better with modern technology, but we’re all stuck suffering for the sake of suffering. What we really need is to fully ban lobbying. It’s gotten absolutely ridiculous just how blatant the legal corruption is at this point.
@LoFiAxolotl2 ай бұрын
@@courier6960 just banning Lobbying won't fix anything though... like the US actually needs strong unions, an actual working tax system that doesn't so incredibly disadvantage the not rich... healthcare education etc etc etc etc are all stacked against the poor.... it's bad for poor people in many many many many places on this planet... but the difference between rich and poor really is astronomical in the US
@chanter39782 ай бұрын
Atrioc is so talented to be able to make these kinds of vids interesting. When other channels try to explain this stuff to me it is a snoozefest.
@matt72242 ай бұрын
labor market is awful, I have been out of a job since feb, basically looking at going into the Army, again.
@mathiasrryba2 ай бұрын
inb4 you get an AI refusal from there as well.
@redflag04772 ай бұрын
I'm really sorry to hear this. I hope you can find a job, it hurts to see so many people struggling. Just know that there's always people willing to help you when your struggling the food pantry I help out at is extremely kind and does not make people give their finical information to come, so if you are temporarily struggling they will help, I hope you can find support like this were you live!
@sadcuzbad96462 ай бұрын
What industry are you in and how many years of experience do you have
@Angels5102 ай бұрын
I love the mainstream media tactic of here’s some horrifying news but also here’s why it’s a good thing! It’s almost like they were gonna be actual journalists for a minute there
@jackquack252 ай бұрын
fearmongering
@testacalsАй бұрын
It's the same as "China cured cancer, but at what cost ?"
@Akrafes2 ай бұрын
I dont usually watch random youtubers that pop to my feed but this video was golden from the begining to end.
@account-yi2cn2 ай бұрын
wait until you learn about glizzyhands
@wallnuts72 ай бұрын
Something something glarketing
@AdamCarter-hs8sm2 ай бұрын
Something old something glizzy 😭🙏🙏
@oddalibi2 ай бұрын
Something, something, something, I forgot now. I was thinking about atrioc then pulled trioc out
@DanielKennedy-km7sd2 ай бұрын
Something something bald glizzard wizard
@Ghozt312HASDANKMEMES2 ай бұрын
great video, just started tuning in recently and love the way you present information to us, incredibly easy to follow along and still entertaining and interesting!
@TheIrshNinjaaa2 ай бұрын
I don’t know if you’ll see this @Atrioc, but today during a meeting with Major General Purdy USSF he mentioned THIS video as a reference to how our Acquisitions strategy is going. Will be uploading a clip on the Reddit if I can get the recording lol
@testacalsАй бұрын
What's USSF ?
@TheIrshNinjaaaАй бұрын
@@testacals space force
@frogchamp3120Ай бұрын
Did you ever find the clip? I can't seem to find anything about this
@TheIrshNinjaaaАй бұрын
@@frogchamp3120 nah the Teams meeting that I was in typically posts the recordings a couple days after, but it hasn’t popped up in my notifications
@ronaldmclaughter99932 ай бұрын
I love the vids man. I read a bunch of news and enjoy it. But when I watch you talk economic news I laugh while I'm enjoying it. Simple and funny. I'll keep wearing my Enron hat at Bechtel as a purchasing specialist handling spending hahahaha
@Invidious0652 ай бұрын
As a long-time fan, who happens to be Canadian, it is absolutely dire up here. We have to be in a recession currently. No one is hiring. General affordability is beyond comprehension. Meanwhile, we've had a major, major influx of new Canadians in the last few years which, we can all now see, were sold a massive lie coming here. I know it's a bit more Canada specific, but I would love for you to look into what's happening in Canada right now with the insane amount of companies coordinating short-term foreign workers through the Canadian government. We have thousands and thousands of jobs open for short-term foreign workers, while Canadians are drowning and many are without employment. Canadian companies and the Canadian government have bonded to create this super-giant wage suppression force by doing this. The U.S. will have its struggles, but I think Canada will absolutely dwarf you guys in terms of just how bad things are about to get.
@vigilantvigilante25822 ай бұрын
Atrioc has absolutely looked into what’s happening in Canada, he speaks about it like almost every other week. It’s horrible what’s happening, he’s made similar videos about Australia, UK, China, and (now) the US’s economy this year. idk if he’s gonna get to it else he would’ve already made it I think 💔
@jasonwalker70562 ай бұрын
What a phenomenal video. I genuinely think this might be your best marketing monday. Good shit Big A!
@KaZooPAАй бұрын
they literally changed the definition of what a recession is just so that they can say we're not in a recession.... (we're DEFINITLY in a recession right now)
@chimitrash29 күн бұрын
Can you link a source? I want to read about this
@deathbokken68002 ай бұрын
Things we learned: 1) The media LIES to you. 2) It's F-ing impossible to find a decent job that pays enough to survive and is worth the treck. 3) As a newly graduated engineer, that graph is 10000% true. After almost a year of searching I still havent found anything related to my ChemE degree. Still stuck as a dishwasher with no way of escaping 4) if you wanna survive, better have family with money
@venemous88842 ай бұрын
In other words, you’re a professional porcelain polishing technician?
@TwistedFireX2 ай бұрын
im lucky enough to have an older brother that married a rich fashion e-thot and used the millions she had to build a house for our family. she loathes our family but idc.
@irecordwithaphone18562 ай бұрын
A friend of mine has the same issue with her degree in chemistry I feel bad for her because she's a smart person and really hustling multiple jobs rn but she wants to work in that field
@biosupdate7449Ай бұрын
@@venemous8884underwater ceramic technican pal, get it right
@milkdrinker7Ай бұрын
Unemployed recent ChemE major here, I also feel cheated. When my local grocery store rejected me from being a cashier citing more qualified candidates, I thought to myself "wow this really seems like some sort of supervillain origin story" lol
@waozer2 ай бұрын
by far my favorite marketing monday in recent time, so well paced.
@neoncharge29642 ай бұрын
Never seen your content before but this was well thought out and executed. Great work
@naknoll2 ай бұрын
"Nearly half of Real Estate investors have lost $200,000 or more on a single investment" Good
@FoxtrotYouniform2 ай бұрын
I mean, if corporate record profits werent so easily explained by things such as purchases being forced into subscriptions, quiet inflation through reducing product size or quality without decreasing prices, super-consolidation of brands and products under a smaller and smaller number of conglomerates, asset bubbles, Inflation Reduction Act spending, the 'retail' phenomenon which has largely ended up with said retail folks oopsie-donating their money to dramatically more resourced and informed corporate actors, the absolute ballooning of money spent in marketing strategies which so successfully obfuscate the difference between good and bad products/services which rewards massively marketing bad products/services, and on and on and on.... then maybe i might think consumer sentiments were just incidental. but they arent.
@harryhaller48962 ай бұрын
Maybe some insights from a German POV: Compared to us you are, at least short term wise, still in a pretty good spot. Since 2019 we had a net loss of 300k jobs in the private sector. Meanwhile we had a net increase of 800k jobs in the governmental sector. During the same time frame, the german population increased by 1,5M. A few videos ago you talked about chinas strategy to dominate certain key industries. Guess how many of them are considered (or where planed as) backbones of the german economy? High energy prices put the chemical industry under immense pressure. When I talk with peers from university that work in strategy or coworkers, the mood can only be described as apocalyptic. Yet i feel like the people overall are still broadly unaware how bad it really is, although this seems to change slightly right now (fitting the video narrative?). VW is currently building a „second headquarter“ in China, meanwhile a few days ago they announced that they will have layoffs and will most likely close some factories in Germany. Last year there was an interesting interview with some VW C-levels and they basically said: „If we want to compete with chinese producers, we have to do R&D in China.“ I could go on about this for ages, but in summary the German GDP still hasn’t reached pre covid level, Germany as a industrial location has become quite unattractive, local R&D is questioned, basically all governmental strategic decisions regarding the development of the economy during the last 25 years have basically failed completely and yet the public is mostly unaware that those are problems that can’t be solved in years, even if the government would take the right steps. I can only suggest that you do a video on the topic, because I can promise you, you while here some wierd news from Germany during the next 5 years. If you need some more insights, feel free to hit me up. Also the VW topic is pretty interesting, I think it will be a precedent for other companies in the west.
@atrioc2 ай бұрын
Reach out on Twitter or Discord. I've spoken about some of this - was gonna do something small about the VW plant moving to China and what that's a signal of, but maybe could expand to a full longer video.
@joshives57222 ай бұрын
This is one of the cleanest Marketing Mondays in a while. Lots of things he's been saying for a while, but well condensed and well put together, with some good advice to cap it off.
@morton_hacks2 ай бұрын
Fantastic marketing Monday! I love how your content is stuff I can show my family.
@jimshoes2 ай бұрын
4:55 the best editing ive ever seen
@jackobrien98642 ай бұрын
so now even the upper class is failing, we're cooked. Gonna be 20 million poor people to 1 elon
@CaseyBrick2 ай бұрын
This video just saved me thousands of dollars. Watched it last night and sold a big QQQ position and stocks tanked today. Even if a recession doesn't come this was so well made that it convinced me
@3xcallib3rr2 ай бұрын
MARKETING MONDAY YIPPEE
@graphitemaster2 ай бұрын
By far his best Marketing Monday yet.
@derekpapin21812 ай бұрын
13:21 I see you editor😭
@TheFeelTrain2 ай бұрын
On stream he actually did say pause and then wait for like 10 seconds lol
@Tokenhipster2 ай бұрын
This is absolutely one of the best Atrioc vids - love it!! What a great presentation, love the callbacks to what was happening in 2007 too 😂
@HaydenDoodles2 ай бұрын
Perhaps one of the best Marketing Mondays ever. Good job glarketer.
@nononosfe2 ай бұрын
this is the first video i've ever seen of you, and i'm not at all into politics, however this is great. incredible vid
@the-duck2 ай бұрын
im gonna market your monday
@louzo51752 ай бұрын
AAHHHHHH
@alexisbackiguess2 ай бұрын
amazing journalism. concise, clear and a great linking between ideas. thanks big a!
@eduardomartin85102 ай бұрын
Yeah the other day I was doing some economic breakdown analysis on what a person living in Canada would need to make to live+save. Well... the results I got from the analysis using AI (to do some of the math and analysis) was just not pretty. You have to earn SO MUCH MONEY after their huge taxes in order to even buy a house in 10-20 years. Retirement is looking dire for new generations of Canadians. I was doing an analysis as a foreigner just to see if it was worth getting a job there. I don't think it is unless your job makes 130-200k+/yr and even then it's not what it used to be.
@Andrew_Wray2 ай бұрын
This is your best yet and I've been feeling the same way for 2.5+ years now, thinking like I'm going insane
@TheAdamHawk2 ай бұрын
Next week, could you possibly cover the US petro dollar and it's affect on our macro economics? I feel like that would have fit great this week! Thanks for all the info! Love this stuff
@youseebus2 ай бұрын
Crazy good video man, it has the same level of argument as something I’d see in my high school seminar class but this is just so entertaining at the same time
@sacrificelul8528Ай бұрын
The thing is, if the government starts telling people there’s a recession, people start spending lesss and less and it drives the economy in a deeper recession. The reason these governments seem stupid is because they don’t want to drive down consumer consumption as it ends up making everything worse.
@GerblerM2 ай бұрын
I love how I subscribed to this channel because of wacky prop hunt, and monkey ball video game clips, and now am tuning in week after week to hear about the new and creative ways in which the economy is fucked. Really finessed me, a truly beautiful simian -> econ pipeline
@davidlazerz85642 ай бұрын
Turns out stock prices dont mean shit when people cant afford rent and food and utilities without giving up significant sources of happiness.
@davidlazerz85642 ай бұрын
Also really sad that you blame Obama for the obstructionist republican controlled congress that he tried to negotiate with in good faith. They tanked the economy in a fit of rage because a black man dared become president.
@rudysmith15522 ай бұрын
@@davidlazerz8564 Obama was an erudite black man who only cared about the elites interest, but his skin color was different so you’re going Ooga Booga for somebody who is right wing in every country in Latin America and Europe would be considered a klepto by 1960s Americans even if you called him John Smith and him white
@matiasrostworowski51412 ай бұрын
This is one of the best yet big a! Really well presented.
@nightlock8381Ай бұрын
Just came back to rewatch after the fed announced a .5 rate cut today. Huh….
@devdogra7173Ай бұрын
ALL AT ONCE
@dust_gale3108Ай бұрын
- Keep yapping man - the COVID I skibidi with Bro WHO is this guy
@muffshroomh62032 ай бұрын
Great video, could you make one on how an everyday person can keep up with all this information?id love to keep track but hardly understand what affect what in what way lol
@wholelottawhale41032 ай бұрын
This was SUCH a great educational video
@harryhaller48962 ай бұрын
You best start believing in recessions, Miss Turner... you're in one!
@NorwegianQvirr2 ай бұрын
Man, you, Dr. Mike and Jazza making a collab would be insane haha! Love your videos man your energy is intoxicating! Keep it up!
@marcoscasiraghi20312 ай бұрын
Hey Big A, love your videos and analysis. I would love if you could do a video on Argentina's current economic situation. We basically had a two party system for elections but last elections a third party emerged and won with right ideals. The president then produced the first surpluss in years and inflation has slowed it's rate at a significant cost to the economy and producing a recession. I would like to know what you would make of the situation as it seems similar to what the USA is going through
@sumtingyumАй бұрын
Yes so much to learn from this
@akx_edits33742 ай бұрын
one of the best Atrioc videos in recent times.
@JordanPeace2 ай бұрын
The irony of Atrioc’s suggestions at the end of this is that reduced consumer spending is often what leads to a cyclical downturn in a recession. Yes on an individual level you’re probably better off spending less and paying off debt, but if everyone starts doing this (either preemptively as he suggests or reactively once things get bad enough that people simply can’t sustain their previous levels of spending), all of a sudden every company starts seeing reduced revenues and profits, which results to a massive downturn in stock prices and probably also the value of assets, finally solidifying the recession and quite possibly making it worse as now people’s investment portfolios are also down. Ultimately I do still think we need a correction, we’ve had artificially low borrowing rates for so long that many companies have been able to exist while not really providing all that much value creation, and the housing market has become so ridiculously overinflated with everyone having the expectation of it being a sound investment and treating it as a commodity rather than as a necessity for people to engage in other, more economically beneficial spending and investing. We’ll see if this actually materializes though.
@jackquack252 ай бұрын
not readin allat💯
@abem71622 ай бұрын
This is honestly so well done, kudos to the editor
@Klatchan2 ай бұрын
Recruiters started the arms race.
@Angel-kt5ev2 ай бұрын
One of your very best Atrioc!! This one will go down as one of your most well researched and informative deep dives in to so many individual parts of our economy. My favorite thing about this video is that it feels like a coagulation of all of the different kinds of things you’ve been talking about for the past year+. Really well done!!