The Economy Is BOOMING | The TRUTH Behind the Latest Economic Data

[@MinorityMindset]

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[@NBAhoops123]

You don’t really believe this data do you? Baffling.

[@operationretribution1263]

All those people laid off last year and first part of this year, their unemployment has expired, so they are no longer counted as unemployed.

[@chrisowen5497]

You are absolutely correct! But it makes the numbers look good.

[@racingfortheson]

Wait, that can’t be true. They only count people who are claiming unemployment????

[@Andrew-it7fb]

​@racingfortheson it's not true.

[@bobfeller604]

Correct, along with the 5-7 million who choose not to work and they live off the rest of us.

[@racingfortheson]

@@operationretribution1263 so how do we find the actual truth?

[@ethanarrington5144]

The books are being cooked

[@tryan7]

The books are burnt. Well done. 🔥🔥

[@alanharding2485]

The books…. Are cooked!

[@Starship007]

I am a gold coin collector from the 80’s. In 2019 buying gold coins for $1200/ounce now $2600/ounce. Gold reflecting devalued dollar. So many countries pulling in gold reserves. I keep emergency cash in gold as well as investing. Gold is an asset, paper money only direction is down.

[@uppitywoman3647]

Lol, I used to go to the unemployment office to look for work. I never got an interview, I was usually ghosted. I never heard of anybody getting a job through the unemployment office.

[@douglasblum309]

Unemployment claims dropping lower doesn't mean the economy is doing great, just means unemployed are no longer counted because they have exhausted their benefits.

[@hurls_da_aussie8659]

The gas lighting is on another level. All I see if ppl getting laid off by the thousands. Construction in Dallas is dead, I would know I’m a contractor. Buy hey as long as the economists say we’re booming that’s all thar matters.

[@elperrocovero]

It’s going to take time for you to see feel it. The problem is the price gauging

[@thetapheonix]

Hey it’s an election year so everything is hunky-dory until that is over.

[@mattbarker1411]

​@elperrocovero You're lying through your teeth.

[@SamboJones-vs1rh]

​@@elperrocoveroWhen I go to the store I see people with fewer items in their carts. Rarely do I ever see someone with their cart full like I used to. Fewer people going out anywhere I go.

[@dialecticalmonist3405]

​@@elperrocovero"Price gauging" is a term used by ret***s.

[@mzblu-cj9fd]

Booming as in like an electric line transformer exploding into flames. 😂

[@Noworries-PU7ye]

Doubt it. I see how everything is doing very well. Everything is busier everything's back to pre-pandemic level. Maybe you live in South Chicago someplace I don't know. The economy is strong wake up

[@ethanalex8878]

@@Noworries-PU7ye How about you buy my groceries, pay for my gasoline and my ever increasing utility bills? Put your money where your mouth is.

[@jimbraatz4514]

@@Noworries-PU7ye I haven't seen this here in WI, i've seen a lot of work canceled and people struggling with inflation.

[@carlherrnstein9544]

Those booms are demolition charges.

[@ginger_breadman]

@@ethanalex8878that’s a welfare mentality

[@stevenking3585]

You are awesome Ty for what I do for us all.

[@jimb3093]

Well I’m not buying extra guac. Heck I’m not buying Chipotle. I cook at home!

[@garywanner7860]

Thank you for your very informative videos. I had no idea that government spending was included in the GDP!

[@seahawker4life52]

This is the main argument Trump uses for his claim of having the best economy ever.. the actual trade GDP aka exports under Trump were average to bad, but he spent $8tn dollars and that expands the GDP.. but idiots somehow believe Trump ran a good economy. Pure insanity.

[@Starship007]

Credit is an addiction

[@markmiller3256]

It’s a tool if you know how to use it, few do though

[@bobfeller604]

I hate big government, high taxes, and overspending. It benefits no one.

[@dr.davespinballrestoration3764]

It benefits "them"

[@chaserubin530]

It benefits certain people. Just not people who are productive.

[@kiriaz82]

Economic booming = grocery prices also booming. What about immigration ? How much are they spending on that ?

[@PerfectlyFunctioningAI]

dont fall for that bs you ban all immigrants and nothing will change, its all just corporate greed suppressing wages while inflation continues to soar. Its literally just employers refusing to raise wages at all when inflation hasent stopped for decades.

[@David_Journey]

You seem to be very susceptible to populists’ manipulation.

[@christopherstimpson6540]

One trillion seconds = 31,688 years. One trillion dollars is added to US debt every 100 days.

[@dreamshakejake3736]

They can say what they want, but until the govie stops spending what we don’t got, the problems won’t stop.

[@carlosf9278]

@@dreamshakejake3736easiest fix to that is for everyone to contribute more… but the tax system has ways to make people that own more pay less… I personally think that’s fair regardless since if they pay more then they’re at a bigger risk of losing it all… which is without a doubt worse for all

[@wgsmit02]

Just wait for the adjusted numbers :)

[@10-cent-cup-a-Joe]

Your obsession with the extra guac at Chipotle always makes me smile. Thanks for keeping these videos informative but also light hearted enough to be followed easily.

[@jameslucas5590]

I'll tell you who is doing the spending... MY KIDS. arrrrgh.

[@aic20]

Yeah well your kids and your kid’s kids are the ones who suffer most in the future due to men (& women) not speaking up against tyranny. Men of our past didn’t collectively stand up against the pass of taking us off the gold standard and all the manufactured wars America has been apart of. This needs to change or things will get worse

[@mainegreengrower4209]

Everyone talks about booming and not enough about the debt..

[@bigsean8088]

Thank you very much for everything you do on this channel. Always learning.

[@mattinomata4031]

Another awesome and very informative video, Jaspreet sensei. I've been following your work from your early days. Thank you so much, sensei!

[@RobertDiMatteo-m3u]

WOW DUDE!!! That was a hard "red pill" to swallow but I got it down. I learn so freakin' much from your videos! THANK YOU!

[@selm006425]

Great, concise summary of the economic situation right now!

[@newlion7013]

BS numbers we can all feel the effect when we buy groceries, go out & travel

[@CharlieMoneyPH1]

Plus China just recently approved some billions of stimulus for its economy - money printer go brrr!

[@Noworries-PU7ye]

It's all good I don't pay taxes. Nothing just print up the money. who cares

[@Detownrebel1]

Such a great explanation of how our economic system functions. Thank you

[@Phatxual]

What are your thoughts on how the new BRICS banking plan/system will affect us and the global economy?

[@Noworries-PU7ye]

It will have very little effect. if any BRICS is no big deal it's no threat to the survival of the US fiat currency. Your opinion may be different than mine.

[@sunilscorpy4594]

Here in the Philippines, we've been in that stage for decades. 😢

[@BobSmith-ss2eb]

Our union just laid off 150 people

[@askmichaelnow]

How do you make such good content DAILY 👏 👏 👏

[@CrashBr0]

Time to raise rates then!

[@DominionAnako-bb7ry]

For the latest in economics, one key topic is the global economic recovery post-pandemic. Many countries are experiencing inflationary pressures due to supply chain disruptions and increased demand. Central banks, like the Federal Reserve in the U.S., have been adjusting interest rates to manage inflation.

[@escapegrl1]

CC at an all time high, 20% interest rates, housing market is the worst on record. Inflation only seems to be heating up again. Yeah things are great!

[@sherbear8286]

Thanks for explaining how our economy actually works. It is shameful what our government is doing to the working class.

[@KellyBoettcher-qo9tx]

People do it to themselves.

[@DouglasRamirez-dj7sd]

" BIDENOMICS IS WORKING " SAYS KAMALA HARRIS 🤡

[@Noworries-PU7ye]

​@@KellyBoettcher-qo9txyep by working crappy jobs. that's why I don't work any longer. So that's correct these morons do it to themselves🤪

[@Noworries-PU7ye]

​@@DouglasRamirez-dj7sdyes it is. Everything's back to normal. everything is booming. We're going have Kamala Harris as our president. WEATHER YOU LIKE IT OR NOT

[@DouglasRamirez-dj7sd]

@@Noworries-PU7ye ARE YOU STONED OR JUST STUPID ??

[@edwardlewis1963]

Lots of talking and the only clear ish message, is that: The economy is booming. Yet I get the feeling you're saying the opposite without just saying it.

[@curtbalch2321]

The economy is "booming" because of $1.9T of deficit spending. Interest rates are being lowered to reduce the cost of servicing that deficit spending. We're living in a Potemkin village.

[@hassandawudi4810]

@@curtbalch2321 yep. so take advantage of the stupidity

[@Noworries-PU7ye]

Nope the economy is booming.

[@Noworries-PU7ye]

​@@curtbalch2321doubt it. they can kick the can down the road forever. The stock market's going to go up forever. Everything is booming. everything is back to normal. It's a debt based system. So the system will never fail. it will never crash. I don't work I collect government subsidies. After I lost my job never returned to work because I do better on government subsidies. It doesn't really matter. The so-called national debt could be quadrupled. It would not make any difference..... that's how debt based systems work. So relax no worries have a beer🍺🥂 chill out🎉

[@iBeo01]

The economy is booming because it’s artificially inflated like 50%-70% because real GDP growth is not as high as GDP calculated with current inflated prices

[@shanasvensson7384]

Great analysis

[@Starship007]

Interesting topics on INFLATING AWAY THE DEBT.

[@arandmorgan]

It's all well and good if wages keep up with that inflation. They don't.

[@joebeta1837]

No joke. Because of this man (Juspree), I took the plunge and started investing. This man also taught me about not spending on crap I don't need. I don't have a gf (not by choice), and now, I really don't want a gf. What for? To spend money on stuff??

[@joshnaughton9103]

Same here ,she left since I would not pay for her travel,I can finally save money again.

[@Aust02294]

I was taking a bite of the extra Guac I put in my burrito from chipotle when you referenced it. Was trippy

[@BetterTomorrow22]

I really enjoy your content. I was just wondering why you don’t mention the different forms of unemployment measurements like u-4. It seems like a lot of people have had their unemployment expire which lowers one metric but not U-4

[@cisium1184]

If growth is really higher than expected, then wouldn't the Fed halt any further interest rate cuts? In theory, additional cuts will overheat growth and restart inflation. Assuming this data is not just propaganda, it sounds to me like the Fed is headed toward a double bind in 2025 where it must choose between inflation consumers can't tolerate and interest rates that make the national debt service unsustainable.

[@tysonfinn1470]

They'll go with inflation because at least tht lessens the debt burden

[@juancgomez98]

For a minute you remind me of my Baldor. An algebra book. My Latin friends will understand. Great info my friend like always.

[@Starship007]

So many retirees coming out of retirement to work lesser jobs in job market as many retired on fixed income. Inflation really hurts poor and retirees

[@qbraun9241]

Let me ask a stupid question. We know government is out of control with spending. There will be a day that the currency will nearly or completely collaspe. Why would be investing in that system? Seem snarter to buy value real esate and things that you back wealth out of the markets? Thanks for the update. Great info!

[@Noworries-PU7ye]

No one seems to get it. It's a debt-based system. The national debt could be 200 trillion. It would not make any difference. The so-called national debt is just how much money the government spends. It's like the money is metered just like Hydro is or water. It makes no difference. The currency never will collapse guaranteed. They just tell you that because they want you to Sell you gold. This is nothing new it's been going on forever. So no worries relax chill out have a beer🍺😂

[@DarkSTKx]

Real estate is a cost. Land can be more valuable because more people might want the land. Buildings are a cost though they're not built with indestructible materials.

[@mikkol8716]

@@Noworries-PU7ye The debt dance can continue as long as the rest of the world trusts that USA will some day pay the debt back. You’re not there yet, but getting closer to that point on accelerating speed. If you ever lose de-facto world reserve currency status, it’s going to be tough times, even game over.

[@Noworries-PU7ye]

@@mikkol8716 perhaps you're right. Canada used to always accept US dollars. When you went to the store restaurant. Now they tell you to exchange it for Canadian. or they don't accept it any longer. So you probably are correct. it's just slowly happening.

[@tonyrichmond9428]

If the currency collapses, what makes you think you can retain ownership of land?

[@JohnThompson-hc8bd]

I’m not spending. We are already in recession and headed toward a depression but only time will tell.

[@Andrew-it7fb]

We're absolutely not in recession.

[@reilancutler1151]

A recession is when the gdp is in the negatives, and we're certainly not there. We're almost at record rates of gdp.

[@blazingfuryoffire1]

@@reilancutler1151 The government is propping up those numbers. the number of restaurants going under says we have a recession coming.

[@thisisfun887]

@@blazingfuryoffire1 Even when we were technically in a recession by there numbers they claimed we weren’t. So I have doubt any of there information is accurate.

[@Andrew-it7fb]

@@blazingfuryoffire1 we're having way more new businesses start up now than in 2019 and restaurants added almost 30k jobs in August.

[@brianprusak3725]

There's something wrong with the economy which is causing many welfare recipients to split up with their spouse and marry another one who has children. I, personally, do not want to do that. I'm not targeting any particular people group, because this sort of thing pertains to a lot of people. Right now the minimum wage is $16/hr. When I was 16, it was only $4.25/hr and we're only talking about 30 years ago.

[@social3ngin33rin]

During the pandemic I could buy the Dyson vacuum from Costco on sale for $300...now it's $550 on sale :( the price basically doubled!!!

[@justinfolk2832]

My house is paid off but my property taxes went up over 60% this year.

[@urayys]

.. was insub'd from your channel

[@jackhreha4907]

Thank's random guy on u tube for not gas lighting me.

[@daviddruggish271]

The numbers are manipulated like the stock market "speculation". Guessing is the same thing.

[@ESODaily]

Inflation has settled doubling the price of everything, credit card and national debt is at an all time high, and you think this is a booming economy? Oh, you all deserve what's coming 😂

[@johnmueller9281]

Continued tax cuts for rich & corporations, plus tax loopholes…. Directly adds to deficit. Who says we don’t have socialism? But capitalism for everyone else.

[@justinmason4404]

Our debt is increasing, but so is our income some much more than others.

[@CHrbn]

Great video. You the man

[@sachacadoret2757]

Tanks my friend 👍💰👍💰👍

[@bigsean8088]

Thank you.

[@dukeloo]

Jaspreet can you do daily tiktoks of little bits of market briefs?

[@l33tninja1]

Dont care about the market let it crash. I care about my grocieries and rent which cost so much that i dont have moeny for investing. Get a better job doesnt work when their giving them based on DEI and who is kissing whos back side instead of work.

[@paulsingh11]

What about the Port Strike? That’s gonna F things up

[@josephfriedrich9792]

Can someone tell Lithia? Cause they keep taking away workers and our money to stuff their pockets

[@YoungMoneyFuture]

News: Economy Booming! MM: Hold my Guac....

[@appleztooranges]

Stocks are going up. Our economy is terrible. Election time is coming!

[@reasonablespeculation3893]

The value of all assets is going up, as measured in dollars. If you add 20% more dollars to the system, and you haven't improved capacity or built more assets, everything you already have is soon worth 20% more dollars.

[@DouglasRamirez-dj7sd]

SAVE AMERICA 🇺🇸 VOTE TRUMP 💯

[@Noworries-PU7ye]

I have a lot invested in the stock market. No regrets. The stock market's going to the Moon. It's never going to crash. Those people say it's going to crash because they want you to buy gold. No dividends in gold.

[@Noworries-PU7ye]

​@@reasonablespeculation3893do you know it. I have a lot invested in the stock market. The stock markets going to go up forever.

[@Noworries-PU7ye]

​@@DouglasRamirez-dj7sdNO. You Trump thing's are mutations in the human race. I don't even consider you a human being. I'm speaking to all of you. that supports the Republican Party. I thought this way long long before President Trump. Since 1985. That's when this country went down.

[@Shortie5-1]

eggs and groceries is rising again.... sicken economy

[@Andrew-it7fb]

Inflation for food at home was zero in August.

[@reilancutler1151]

We need to break up the big monoply's, or things will only get worse. I think that is why unrealised gains tax on huge corporations would be good, as those businesses and realestate would go on the market, and smaller investors can buy them causing more of a competitive market, lowering prices, rather than walmart and other big company's being able to just keep growing and buy everything up.

[@dialecticalmonist3405]

But they REVISE the numbers EVERY TIME. So what difference does it make?

[@kevinfestner6126]

I have reservations about the numbers.

[@rioriggs3568]

Famous last words!

[@echabbewal]

i love you tube . Sometime booming , sometime sky crash down. But we are pulling along looking for lesser to be paid job or as Jaspreet says . Just start business or be in stocks

[@Starship007]

Many do not understand the system. WHEN one party wants to hand out free taxpayer money they take the easy way, instant gratification, not understanding everyone pays later.

[@tonyrichmond9428]

They understand. They just expect to profit so much that they don't care.

[@tonyrichmond9428]

"median house incrumb"... Freudian slip?

[@Starship007]

Wages never keep Up with the cost of living, inflation. Reason wealth gap most do not invest. Open borders do not help as stagnates wages. More renters in future with multigenerational families same house. More ride sharing, Uber, and robotaxi’s. Younger people prefer condos downtown with good WiFi and short walking distances.

[@Ynalaw]

Inflation, stimulus, quantitative easing, money printing ... Whatever you call it, it always has a positive effect on the stock market. But, be careful. That doesn't always mean the economy is doing well.

[@latisaholm5700]

You are so amazing.

[@Hogo69]

It’s booming alright 🤯

[@richnubbz4910]

consumer based economy ... we are now officially entering the holiday shopping season. retailers are ramping up replacement and restock of items for the holiday season ... normal business cycle... rate cuts aren't coming fast enough with the way the Chinese are about to inject money into the world economy...

[@IAmVik01]

What’s your thought on NFP data coming this Friday ?

[@humberto_1111]

That violet turben looks awesome on you bro thats your color. The color of the minds 👁️

[@kaijen2688]

I disagree if the economy is booming why are companies giving out raises. And why are they laying people off?

[@Starship007]

Our government spends like typical consumer spending money it does not have using credit. Everyone needs a reality check. It’s hard to downsize after years of cheap credit subsiding your income.

[@legendbourne5098]

Those reports certainly doesn’t translate into what’s actually going on. Just crazy. Tens of thousands laid off alone between August and September

[@scott-hr3hd]

Except the doc strike may cause a strike so bad that everything from unrefined oil to drugs won’t be available .

[@retrictumrectus1010]

Can existing borrowers take advantage of the lower interest rates by restructuring their debt?

[@markusxmarkus3803]

that's a very deliberate costume... why am i watching this video. where am i?

[@jtolsen7393]

Jaspreet for President!

[@Eric-bq1jo]

In a couple weeks there will be another video about how the governemnt has cooked the books for political influence

[@retrictumrectus1010]

Every transaction is likely taxed. it is probably the government's way to increase tax revenue.

[@brianhoward7493]

A recession is needed in order to get back to somewhere near 2019 pricing. The inflation rate has slowed down, not reversed.

[@ahmash1]

Extra Guac! LOL

[@karensee707]

Funny because our wages arent going up

[@VanjeAv]

The economy, is indeed not booming.

[@jimrobinson4786]

I think this data (employment & economic activity) is false and has been adjusted for political reasons. Or the Federal Reserve adjusted rates for political reasons and may have needed to raise rates for political reasons.

[@eionsmith100]

Nice.

[@eprofessio]

Blink twice if you’re okay Jasprite. Blink four times if they are forcing you to speak.

[@TheGingerKing1994]

We have a bunch of employers going out of business

[@ThrowBackZone]

But what happens when the government can't keep spending like this? Isn't this just a temporary band-aid? 🤔

[@Abov3beyond]

The more i listened to the news.. the confusing it will.. some said good for the q4 before crash. Now this video said economic boom. Dont know who to listen

[@tonyrichmond9428]

How's your pocketbook feel when you pay bills? How's your savings account looking? That's your guide, follow the news that agrees with your reality.

[@retrictumrectus1010]

Years ago, I thought the government would let the economy tank a bit but will stimulate it near the election so that people will favor whoever is on the top.

[@Brandon-os3qr]

Very sneaky declarations of pandemic-related spending ending before 2022 (it didnt) and that the pandemic was ENTIRELY responsible for the massive deficits in 2020/1 (it wasnt) I don't think it's INTENTIONAL, but there are definitely political perspectives that inform wording in some of these videos

[@null2470]

A finer point only slightly touched on is that GDP doesn't by default index market viability or quality of life, and in many cases of uncertainty across many different parts of the market it actually indicates volatility. GDP is a factor of how quickly and how much money is moving around in the economy. Within these numbers there's a big difference between shrewdly spending a trillion dollars on security or infrastructure and using it to put a McDonald's into Martian orbit. The government is not spending money wisely and legislating appropriately, neither toward making or saving money which the middle and low class person could then earn and own in benefit, such is why the numbers don't seem to match reality of inflation for the common man. Regardless of the known shortcomings of trickle down economics and imaginary equity this has been made worse by the recent years of emergency spending that have not been offset with shrewd spending. Every single time the government and/or are Fed forced to play debt games with the economy things are subnominal, if they were good we'd be playing profit games- that's the real indication whether things are presently up or down.

[@merovingian688]

Thank A.I. for a boom GDP.