Do you agree with Nick that continued fiscal spending from the US government will keep the economy strong?
@marsmotion9 ай бұрын
the bulk of our manufacturing thats left is offense spending. election riggin yeah def. and to fight ww3 the rates stay hi
@jimmydean96029 ай бұрын
Only 3 negative election years in history
@paul_devos9 ай бұрын
That is definitely what they'll try to do. Yellen/Congress/Fiscal Policy has been loose as hell.
@hkmorhsi9 ай бұрын
Literally every quick recessions and financial crises in the last 60 years have happenned when fiscal still went up in the trillions. 2008 happenned as we were already at 7+ trillion on the way to 8 and 9. Fiscal expansion no matter how big will never stop the rotting of the system. He can dream and cope on like all the politicians, its gonna go down the exact same way.
@heatherholdings9 ай бұрын
The recession is here, mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Where do investors look at now for wealth gains? something will eventually break if they keep raising interests and quantitative tightening.
@valentinaarrelaro9 ай бұрын
IMO, when we go into recession, tech and defense will do good as a sector considering what's going on in the world but always do your own research, or speak to a valid advisor before investing your money
@M.Morgan9 ай бұрын
@@valentinaarrelaro Agreed, I've always delegated my excesses to a professional, ever since suffering major portfolio steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
@Castro-worldbravest9 ай бұрын
@@M.Morgan once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
@M.Morgan9 ай бұрын
@Castro-worldbravest > My investment advisor is Theresa Leigh Detrick, she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.
@chadgriffith19699 ай бұрын
@@M.Morgan Thanks for this. could easily spot her website just after inputting her full name on my browser. I just scheduled for a consulting session with her later in the day. Hoping she follows up
@paul_devos9 ай бұрын
The argument that politicians don't want a recession year is valid, but the fact is MOST of the recent recessions** all happened DURING an election year: 2020, 2008, 2000, 1980, 1974... **(SPX down 20%+ at some point in a given year)
@hkmorhsi9 ай бұрын
Exactly
@SunofYork9 ай бұрын
Thanks for the facts...my Put options are in place
@hkmorhsi9 ай бұрын
He's acting like 2000 and 2008 never happenned. Like another deluded Keynesian thinking printing will get the bubble going.
@nicholaskemp13929 ай бұрын
Good to hear a contrarian opinion Adds value to your channel
@jessefaw9 ай бұрын
Hes right
@fernmoss-4569 ай бұрын
Great guest
@fernmoss-4569 ай бұрын
How is the US a “self contained economy”? Literally most of our goods come from overseas.
@SunofYork9 ай бұрын
Like a kitchen sink it is one way................. except for rockets and bombs
@PortugalHolidayVillas9 ай бұрын
There will be no recession- technically correct However Will there be a massive depression and massive financial implosion brought about by the powers that (shouldn't) be to initiate and implement and new financial system to replace FIAT.... 🧐
@fernmoss-4569 ай бұрын
Gold chart seems to want to say he’s wrong…
@joshtruhlar47489 ай бұрын
First thing out of this guy's mouth is that he isn't gonna be a day trader lol. I'm sure it doesn't get much better from there