Unemployment Reached 'Critical Mass', Not Since 2008 Has This Happened | Danielle DiMartino Booth

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David Lin

David Lin

Күн бұрын

Danielle DiMartino Booth, CEO of QI Research, discusses how the economy has reached a "critical mass" of unemployment and labor market deterioration. Follow her at this link to receive a 20% discount on the QI Research subscription: dimartinobooth.substack.com/M...
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*This video was recorded on May 22, 2024
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0:00 - Intro
1:30 - Recession landed
3:00 - Birth-death model
4:30 - Nonfarm payrolls
7:34 - Fed and rate cuts
12:10 - Refi risks and housing
17:00 - Sahm Rule
18:55 - Recession and markets
24:50 - What would cause financial crisis?
26:10 - Credit score inflation
27:45 - Economic outlook
32:10 - Living standards
#investing #economy #recession

Пікірлер: 656
@TheDavidLinReport
@TheDavidLinReport 24 күн бұрын
The latest unemployment rate in the U.S. is 3.9%. Will this continue rising? Comment below and don't forget to subscribe! You’re being watched RIGHT NOW and the only way to stop it is by using a VPN. Avoid hacks and protect your privacy before it’s too late! NordVPN offers 65% Off on a 2-year plan +4 extra months! Try it for 30 days or GET YOUR CASH BACK! nordvpn.com/davidlin FOLLOW DANIELLE DIMARTINO BOOTH: QI Research Substack: dimartinobooth.substack.com/MEM24 Twitter (x.com/DiMartinoBooth): @DiMartinoBooth
@cakensteak
@cakensteak 23 күн бұрын
Sure it's 4%
@StevenReyWolf
@StevenReyWolf 23 күн бұрын
If you believe government data you’re a fool
@ChristAliveForevermore
@ChristAliveForevermore 23 күн бұрын
Feels more like 20%
@PhoenixTide69
@PhoenixTide69 23 күн бұрын
Imagine if they compared apples to apples i.e. REAL unemployment vs. the propaganda you're selling
@issenvan1050
@issenvan1050 23 күн бұрын
2-yr & 10-yr did not uninvert, in fact they are far from that! How are we in a recession currently?
@Ken-vl4wk
@Ken-vl4wk 23 күн бұрын
I work in IT. Lost my job last year and still haven’t found a new job. I have been doing deliveries for 6 months and I know for sure that I will not be able to find another job in IT. This is America now.
@jshatfield115
@jshatfield115 23 күн бұрын
Don't put a lost job on your resume. Act like you still work there
@genestone4951
@genestone4951 23 күн бұрын
Ya but what does "work in IT" actually mean? There are tons of barely-skilled ppl in IT. If you have actual skills you're working (Python, Rust, database, cloud, security, etc).
@charleshart5563
@charleshart5563 23 күн бұрын
India my bro... India. it's not coming back.
@JohnSmith-ft4fz
@JohnSmith-ft4fz 23 күн бұрын
I know a few ppl in that same boat. A.I. is affecting it I am SURE!
@genZetarded
@genZetarded 23 күн бұрын
Nonsense.... getting offers still. Not as good as 2021 though.
@NLS336
@NLS336 23 күн бұрын
I work at one of the major bankruptcy shops, everything she is saying is spot on...
@gpwede9855
@gpwede9855 23 күн бұрын
But bankruptcy is not from losing your job it's from high inflation and the low wages and high health care premiums that most Americans make and don't even know it since trump was there savior and made America great abd Biden build back Corporations control everything the laws the wages benefits continue to make historic profits yet the workers continue to suffer and suffer and suffer and suffer and no one does anything
@DreamsOfBullRuns
@DreamsOfBullRuns 23 күн бұрын
U lying
@cakensteak
@cakensteak 23 күн бұрын
@@DreamsOfBullRuns 🤣
@Scrunchie_777
@Scrunchie_777 23 күн бұрын
Bankruptcy shop?
@gabrielw7773
@gabrielw7773 23 күн бұрын
Well apparently she's been spot on with this for the last 3 years just like everyone else whose been calling for disaster.
@ALANGREENSPAN420
@ALANGREENSPAN420 23 күн бұрын
🚨SILENT🚨DEPRESSION🚨
@sofiaalonzo807
@sofiaalonzo807 23 күн бұрын
That’s so true
@QuangNguyen-pf3eh
@QuangNguyen-pf3eh 21 күн бұрын
1yr from today, the revised stats will show that.
@robotinthebrain
@robotinthebrain 2 күн бұрын
Silent recession. America is dying in silence
@Kickingitoldschoolbaby
@Kickingitoldschoolbaby 23 күн бұрын
Danielle we all remember you telling us what was up months ago. Good job 👍
@dankwolf442
@dankwolf442 23 күн бұрын
$5 for a toothbrush. Consumers are angry 😤
@user-rl5wm1cm1k
@user-rl5wm1cm1k 23 күн бұрын
And made in China!
@Kokopellli
@Kokopellli 23 күн бұрын
@@user-rl5wm1cm1kwith cancirogens
@JohnRogers0014
@JohnRogers0014 23 күн бұрын
$1 = -$24.60 Folks don't see the value of a Dollar, only the price of the item.
@AKATenn
@AKATenn 23 күн бұрын
People can live without toothbrushes, so corporations have no reason to artificially inflate their price.. it's healthy foods, housing, energy that they're price gouging people on, things people need.
@GaltsG
@GaltsG 23 күн бұрын
Seriously does it cost more than 10 cents to make that toothbrush?
@fubarbrandon1345
@fubarbrandon1345 23 күн бұрын
Danielle makes way more sense than Biden/Yellen/Powell.
@llee8325
@llee8325 23 күн бұрын
She ALWAYS makes good sense. She has ENORMOUS common sense.
@funkspinna
@funkspinna 23 күн бұрын
A 4-year-old has more common sense than Biden.
@centurione6489
@centurione6489 23 күн бұрын
Not a great compliment. Even my dog makes more sense than them.
@rubicon3416
@rubicon3416 22 күн бұрын
She's been making this call for 2 years.
@Myndir
@Myndir 22 күн бұрын
@@rubicon3416 Pretty embarassing if she's wrong!
@ThatGratefulGuy
@ThatGratefulGuy 23 күн бұрын
Danielle is one of my favorite guests on a David's show. Great interview, once again
@drwayne_carter9115
@drwayne_carter9115 23 күн бұрын
I work for a giant corporation. We had 100k employees at the end of 2023. Now we have 98k. We also ramped up the layoff waves this week with the intent to get down to 90k employees by the end of 2024 and 85k employees by end of 2025.
@AT-hy9cq
@AT-hy9cq 23 күн бұрын
Corporation name, please
@Bonescratcher
@Bonescratcher 23 күн бұрын
I don’t know about the other guy but I work at Shell and we are cutting around 10-15% of our workforce this year
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
Wow a 10% reduction. Whoopity do. Companies do that every year, its called trimming the fat
@drwayne_carter9115
@drwayne_carter9115 22 күн бұрын
@@millsfinancialgroup 10% of 100k jobs is a lot of jobloss for a single company. Now multiple that by all the companies in the world, some cutting 15-20% and you have a global recession.
@Bonescratcher
@Bonescratcher 22 күн бұрын
@@millsfinancialgroup actually no. In a healthy economy, companies grow their workforce, not trim it
@velayuthman
@velayuthman 23 күн бұрын
I was part of the recent layoffs at Tesla and this bites hard. Grateful that I kept some savings north of 300k tho! Now I am looking for ways to allocate this into my portfolio to generate good dividends to supplement for my monthly expenses.
@Curbalnk
@Curbalnk 23 күн бұрын
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
@Shultz4334
@Shultz4334 23 күн бұрын
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
@nailady84
@nailady84 23 күн бұрын
Things in stock market are being puffed up all an illusion...
@user-eb3pi4tv9k
@user-eb3pi4tv9k 23 күн бұрын
She’s a douche bag
@kansasmile
@kansasmile 21 күн бұрын
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@angelo16d28
@angelo16d28 23 күн бұрын
I retired a couple yrs earlier than i wanted to. I worked in big Construction. things were getting really bad. Owners wanted 20 hrs of work done in 10 hrs with half the men. I figured I'd start collecting my Pension while its still there
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
Whoa is you.
@ST-cx9bt
@ST-cx9bt 23 күн бұрын
This reminds me of the late 70’s....those were brutal years for those just entering the job market.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
Its actually a great time to enter the job market
@warrenbridle2494
@warrenbridle2494 22 күн бұрын
I think you mean the early eighties. Graduated in ‘79 (Engineering) and just about everyone in my class had multiple job offers.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
@@warrenbridle2494 your personal anecdote is not the entire country for an entire decade
@davecros4887
@davecros4887 23 күн бұрын
How about 10 million unemployed people coming into the U.S.?
@Cynthiape2uc
@Cynthiape2uc 23 күн бұрын
10 million new Biden voters.
@_Thoughtful_Aquarius_
@_Thoughtful_Aquarius_ 22 күн бұрын
How do all of these immigrants - legal, illegal, and refugees - affect the U.S. economy? I've been asking this question for over 20 years now. It's sabotage, done by corrupt politicians. Although, some of the politicians might just be dumb enough to think it's good for America, *it's mostly corruption.* Do any economists do serious research into this issue? Let me know if you're aware of any.
@jamesparker437
@jamesparker437 20 күн бұрын
​@@Cynthiape2uc replacement workers
@Pheoniex
@Pheoniex 14 күн бұрын
​@jamesparker437 Who'll work for 7.25$ an hour in a red state share a house 30 ways and turn a red state blue. Probably lol.
@mb9326
@mb9326 14 күн бұрын
@@Pheoniex Yep
@keithn4304
@keithn4304 23 күн бұрын
The unemployment data is junk. If a FT job is lost, and 2 PT jobs are created, it pushes up the numbers.
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 19 күн бұрын
Critcs don't understand that.
@KrazeDiamond
@KrazeDiamond 23 күн бұрын
How the US Govt artifically lowers Unemployment Rate: American employers have been ordered to keep posting jobs that they aren't actually hiring, they don't have the vacancies nor the budget to make new hires. After applying, applicants will receive a scripted response telling you that too many people are applying and they've moved forward with other applicants. Days later the same jobs are reposted. Over and over again. There are approximately 12 million to 16 million of such bogus postings each month on various job search platforms. It's also estimated that 3 to 4 millions of those posts are scams. The Govt is trying to make itself appear doing better than China.
@bwillsboys
@bwillsboys 20 күн бұрын
True
@scoby41
@scoby41 19 күн бұрын
I’m employed, but have applied to probably 20 federal jobs. Five were closed without hiring anyone. They are 100% doing everything they can to keep the economy going and the panic down before the election…. that’s all this is. They don’t want Trump to use this economy as a major campaign point. The sad part is, these bozos have screwed up the economy so bad, it doesn’t matter who’s in charge after November.
@e.zwegat7130
@e.zwegat7130 16 күн бұрын
But China is doing horrible - look into “let it rot”
@mb9326
@mb9326 14 күн бұрын
They also don't count people who rolled off benefits or trying to get on benefits, or are underemployed.
@KrazeDiamond
@KrazeDiamond 14 күн бұрын
@@mb9326 Yes precisely.
@passiveaction
@passiveaction 24 күн бұрын
U.S one of the only places that taxes you globally to punish you for leaving. Freedom haaaaa. Chained and taxed baby
@mutantryeff
@mutantryeff 23 күн бұрын
The 13th Amendment (R) freed the slaves; the 16th Amendment (D) enslaved everyone.
@douglasthompson9482
@douglasthompson9482 23 күн бұрын
True what you are saying…..as a world traveller, let’s look further. The USA has the cheapest gasoline in the world, one of the cheapest living costs in the world. Health care is very high due to buy in from the citizens and corporate companies of the country. Safety due to gun laws is questionable depending on your leaning. Poor leadership politically is a given. In short, on a whole America has existed very well for decades. All citizens need to tighten up their belts. Stop flying, eating out, save and invest their money. Work hard and live far more conservative.
@Resmith18SR
@Resmith18SR 23 күн бұрын
What have you been smoking, Douglas? America has one of the lowest living costs in the world? You're completely delusional.😂😂😂
@sebastienloyer9471
@sebastienloyer9471 23 күн бұрын
#bullets before gold.
@donmarek7001
@donmarek7001 23 күн бұрын
@@douglasthompson9482 Unless you go to the ghettos of America where all the misnamed 'gun violence' occurs, there are actually way too many gun laws. States with concealed carry have lower crime rates. Those who do not support gun ownership don't deserve to be free anyway.
@joelballard4955
@joelballard4955 23 күн бұрын
It’s very disappointing and depressing that we haven’t already seen 10 million layoffs and massive foreclosures and bankruptcies. America needs a massive reset and big pain fast. We need the economy thrashed so that in 18-24 months things will be much better.
@sebastienloyer9471
@sebastienloyer9471 23 күн бұрын
#bullets before gold.
@dialecticalmonist3405
@dialecticalmonist3405 23 күн бұрын
Ha ha ha. You really don't get how bad it is, do you? There is no "flush" coming. It is a blackhole. Buy food supplies.
@llee8325
@llee8325 23 күн бұрын
Yes, BUT because the perps were never punished, the corruption excised like the infection it is, the proper corrections never occurred, and that's what will happen again. TPTB won't allow it.
@fkrr5
@fkrr5 23 күн бұрын
I don't think it will happen. The feds will juice the market in attempt to get biden elected
@omnimoeish
@omnimoeish 23 күн бұрын
ROFL. I'm pretty sure you're joking although it's hard to tell because a lot of people say this stuff seriously. The only thing that would be good for America is getting the national debt under control. The national debt is the white walkers that are inevitably coming for us and there's no Night King that can be taken out to kill it. We crossed the Event Horizon during covid where there's no way to get it under control and anything you do to get it under control with austerity only makes it grow faster. Any government spending which is invariably inefficient, bloated, rigged, and unfair, makes it grow faster. 10 million layoffs doesn't help with that at all, in fact it massively feeds into that national debt. Higher interest rates doesn't help that, in fact the interest on debt has tripled in just a few years to over $1 trillion annually thanks to Jay Powell. Other than all that I agree with DDB's points. Well also there's the problem that GDP Now is saying we're running at a 3.6% annualized GDP right now which is NOT recessionary like she's implying.
@kiyoshitakeda452
@kiyoshitakeda452 23 күн бұрын
What happens when consumers see creditors as "bad'? Why pay on a "debt trap"? Obviously they see debt as oppressive. Nightmare scenario.
@sebastienloyer9471
@sebastienloyer9471 23 күн бұрын
#bullets before gold.
@YTSparty
@YTSparty 23 күн бұрын
I went into a Subway for the first time in 5+ years. $15 for a footlong sub? Short Subway they are going the way of Red Lobster. It's insane when fast food is this expensive.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
You pay extra for convenience. They know that. Eat at home. Learn to cook. Subway isnt even real food
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
@user-bt9cm7ze4c you are right. His point was to pointlessly complain about inflation while offering zero solutions. And I guess your point is to argue and offer zero solutions. But Im the one missing the point. Ok
@user-bt9cm7ze4c
@user-bt9cm7ze4c 21 күн бұрын
@@millsfinancialgroup exact a mundo
@QuangNguyen-pf3eh
@QuangNguyen-pf3eh 21 күн бұрын
​@millsfinancialgroup how come the convenience only cost me a fraction of what it is today?
@girlwithnoniche7852
@girlwithnoniche7852 20 күн бұрын
Use coupons or the app for cheaper deals
@Doug-zl8nb
@Doug-zl8nb 23 күн бұрын
Do a do a clip on trucking industry going bankrupt who caused all the problems
@marckragt6806
@marckragt6806 22 күн бұрын
What nobody is talking about is this: when a series of ratecuts is announced, everybody stops borrowing ( and spending) until the last rate cut is done, so borrowing is at its cheapest. This might be the biggest reason why recession starts when rate cuts are announced. Will you please cover this in future Videos ? Thanks a lot !
@dylansmith6078
@dylansmith6078 13 күн бұрын
Exactly if people are hearing a rate cut is comming why borrow now when in x months from now it will cost less to borrow. That is why we are starting to see a slow down of money circulation
@mikewood8695
@mikewood8695 24 күн бұрын
the government can, for quite a while kick the recession can down the road, but only by issuing ridiculous amounts of debt at ever higher yields and then badly spending it and wasting a lot of it to stimulate the economy - if you just look at the private sector minus defence and it's all already recession
@user-ps1ft1hy4j
@user-ps1ft1hy4j 23 күн бұрын
Defense is the most wasteful spending of all. $70k toilet seat ...
@nicklll4477
@nicklll4477 23 күн бұрын
@@user-ps1ft1hy4j I can say the same of welfare spending such as SS, Medicare Medicaid and even ACA (Obamacare).
@user-ps1ft1hy4j
@user-ps1ft1hy4j 23 күн бұрын
@@nicklll4477 That wouldn't be correct though. You just don't value what's bought with that money. That's different than buying something of no value whatever, like a $70k toilet seat. There is no world in which a $70k toilet seat provides value to anyone at all except a corrupt defense contractor and the politicians who let them provide zero value for massive dollars. Someone who gets, say, a doctor's visit is provided real value whether anyone likes it or not.
@matthewr8819
@matthewr8819 21 күн бұрын
I felt President Biden spending another Trillion with Kamala being a cheerleader by his side was proof our politicians are idiots.
@matthewr8819
@matthewr8819 21 күн бұрын
I felt President Biden spending another Trillion with Kamala by his side being a cheerleader was proof our politicians are idiots.
@hb490
@hb490 23 күн бұрын
Prosperity in the West is a mirage.
@mjbucar
@mjbucar 23 күн бұрын
Danielle ALWAYS presents some fascinating insights - thank you.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
Does she plan on being right any time soon?
@cougmom9317
@cougmom9317 23 күн бұрын
Always love to listen to Danielle
@flipvansaksen774
@flipvansaksen774 24 күн бұрын
Didn’t she predict it would start in March ? It baffles me that these people never reflect on earlier made predictions as they were never made. That is what i call arrogance and ignorance.
@crap8011
@crap8011 24 күн бұрын
She predicted it started last year, lol.
@oakwd4712
@oakwd4712 24 күн бұрын
😂
@HoneyBadger80886
@HoneyBadger80886 23 күн бұрын
Predictions based on the pull of the FED trigger is unreliable.
@patrickpk6299
@patrickpk6299 23 күн бұрын
Two years ago...wrong for two year straight...she's a joke
@yvrytry5rc
@yvrytry5rc 23 күн бұрын
Her business is about sounding smart but being wrong
@aguywhohikes1271
@aguywhohikes1271 23 күн бұрын
I’m not sure what’s getting better, the show or your hair. It’s a tough decision -> amazing stuff to the both of you.
@qake2021
@qake2021 23 күн бұрын
🤣🤣🤣🤣🤣
@rua999rua999
@rua999rua999 23 күн бұрын
Gay
@aguywhohikes1271
@aguywhohikes1271 23 күн бұрын
@@rua999rua999 Extremely, I have multi color hair as well and my stage name is Matilda -> specifically high heels (Gucci preferably) and a tight leather dress. You should come and watch me perform.
@user-ps1ft1hy4j
@user-ps1ft1hy4j 23 күн бұрын
Really good one! You got into it right away and continued at a breakneck pace throughout. Thanks for the value!
@trailguy
@trailguy 23 күн бұрын
Ditto. When I’m 2 minutes into a video and haven’t learned anything, I’m out.
@user-ps1ft1hy4j
@user-ps1ft1hy4j 23 күн бұрын
@@trailguy Yup. Don't save the "prize" for the end and give us 9/10ths' filler and a huge commercial beforehand Seasoned viewers aren't fooled and they just opt out. There's always someone, somewhere else, doing it better. Deliver or get lost!
@b0ndrey
@b0ndrey 23 күн бұрын
Great video, thank you 🙏
@george0r510
@george0r510 23 күн бұрын
David we can count on your wonderful knowledgeable people to share information with us all. The National News seems asleep at the switch, or they left the building, so to speak, for a political bit if BS. The people are being served with your hard work and wonderful presentations. Thank you very much...This commentary is very informative. Bless you and your work and you God-given Tallents ,to do what you do. Please remain with us, our nation needs your reporting and commentary very badly.
@Planxty96
@Planxty96 23 күн бұрын
The US unemployment rate will climb 400-600 basis points towards and into the 8%-10% range . . . or maybe, if we counted the approx. 10 million who have dropped out of the labor force and who are no longer looking for work, we already have a ‘real’ unemployment rate twice as bad as the official (3.9%) rate suggests. Hard to properly monitor an economy with out-of-date and doctored data.
@manuelmarin5258
@manuelmarin5258 23 күн бұрын
The stock market and the economy are not correlated anymore. I don't why is the point of comparing those two
@larrypeltier6802
@larrypeltier6802 23 күн бұрын
Overarching dynamic, innovative, illustrative, thought-provoking! One of the best interviews of the year!!! Thanks you! Thank you! Thank you!
@Kickingitoldschoolbaby
@Kickingitoldschoolbaby 23 күн бұрын
Good job David with questions
@whydotheathensrage
@whydotheathensrage 23 күн бұрын
When it comes to gubment stats, figures don't lie, but liars figure.
@levratalex4929
@levratalex4929 23 күн бұрын
Great content
@mikerochen8709
@mikerochen8709 13 күн бұрын
We’re only in the fourth inning -- the worst is yet to come. Every business, food chain or anchor store that closes, adds to the trickle- down
@bobbylove5711
@bobbylove5711 23 күн бұрын
Thanks David! Danielle is the best!🤙😉
@tomami20x
@tomami20x 23 күн бұрын
Danielle is once again correct in her analysis. If there is any doubt, just read the earnings report from Target, Starbucks, Tyson Foods, etc. Just today, VF Corporation (maker of Northface, Timberland, Vans, Dickies brands) announced a 22% reduction in sales in the Americas. Consumer discretionary is rapidly falling. Unemployment will go much higher. Get defensive.
@nutech1810
@nutech1810 12 күн бұрын
She has said this since 2020. She's a moron
@michaelwillis5040
@michaelwillis5040 23 күн бұрын
I've been reading a book titled "The Greatest Trade Ever" by Gregory Zuckerman. It's interesting and very concerning that some of the things we're seeing today are much the same as what was occurring back in the lead up to the crash that began in 2007. It's also for much the same reasons. People who should know better are in so deep that can't admit the truth even to themselves. This will definitely be worse than the last one. Not only will home prices plummet but commercial real estate will be added to the loss column and all the government can do is tell one lie after another.
@riseup3117
@riseup3117 23 күн бұрын
Fantastic job, best channel out there
@garyworthington840
@garyworthington840 18 күн бұрын
Thanks!
@curryvision2020
@curryvision2020 16 күн бұрын
Thanks David!!!!
@csciscio1
@csciscio1 19 күн бұрын
Love your interviews and people you have on the show! You’re great at what you do David. Thank you for doing it! 🙌🏼🇺🇸
@MikeKelsoJr
@MikeKelsoJr 20 күн бұрын
This has been going on for a long time now ! They have been fudging the numbers !! The average working person can’t survive !! 😔🙏
@mackakiwinz4353
@mackakiwinz4353 23 күн бұрын
Smart, beautiful, a mum and a realist = a great combination.
@devoliajones2978
@devoliajones2978 23 күн бұрын
Wages are not keeping up with everything there's to much cooperate, and consumer debt 🤔
@Doug-zl8nb
@Doug-zl8nb 23 күн бұрын
Canada is in big trouble
@sebastienloyer9471
@sebastienloyer9471 23 күн бұрын
#bullets before gold.
@sebastienloyer9471
@sebastienloyer9471 23 күн бұрын
@@Doug-zl8nb #bullets before gold.
@bloodbathy
@bloodbathy 23 күн бұрын
You are again comparing unemployment data now vs 2008. People affected due to consumer price vs same people investing in stock market are different. If the investors are personally affected by recession then only market will slow else it will contine to move up.
@thomasvarughese118
@thomasvarughese118 13 күн бұрын
I love your work, man. Thank you.
@allaboutthegyro
@allaboutthegyro 24 күн бұрын
I expect 4.1% unemployment
@sofiaalonzo807
@sofiaalonzo807 23 күн бұрын
I think it’s much higher the government is playing with the numbers % I have seen so many store closures%
@chrisnelson5590
@chrisnelson5590 23 күн бұрын
looking good Danielle😊
@ThatGratefulGuy
@ThatGratefulGuy 23 күн бұрын
With intelligent and well-articulated insights as well.
@cybermuse6917
@cybermuse6917 23 күн бұрын
"You are cutting off the economy at the knees by keeping bad business aka zombie companies in operation". Great take and forever hopeful for an era of sanity to resume.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
But that will raise unemployment and she will scream the sky is falling
@wavymcfly
@wavymcfly 23 күн бұрын
She said “Powell was the new Volcker”, cmon David, hold her accountable.
@prolific1518
@prolific1518 21 күн бұрын
I'm convinced Powell is her sugar daddy.
@tomsmith-rj3vw
@tomsmith-rj3vw 23 күн бұрын
Yes she's right.. 70 per cent of Americans are broke.. she tells truth. Powell tells lies.. if economy is good why are 70 percent of Americans struggling..it's obvious. We❤ Daniel and Lin you tube channel.
@rubicon3416
@rubicon3416 22 күн бұрын
70% of America is always struggling. We're a nation of terrible money managers.
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
If they are broke, why do they keep spending? Why are housing prices not declining? It is easy to just say stuff with no evidence like she does
@wadehuber4366
@wadehuber4366 18 күн бұрын
Great Guest and interview.
@jimmydean4509
@jimmydean4509 23 күн бұрын
DDMB is everywhere! Great guest again Davaid 🤙
@aprilmiles2513
@aprilmiles2513 23 күн бұрын
I’m a hairdresser in Sf, literally October…….sudden and extreme drop off in business for myself and all busy stylists I know. We all knew something “happened.” It has mostly picked up since but October/Nov were dramatic.
@henrypadilla7571
@henrypadilla7571 23 күн бұрын
Sometimes getting into the weeds is helpful. Thanks Danielle.
@TinoGomez-eh7cc
@TinoGomez-eh7cc 23 күн бұрын
It is a slow motion roller coaster.
@HaloSmyth
@HaloSmyth 15 күн бұрын
So nice to hear someone be honest and not gaslight us with "the economy is great" "unemployment is low"
@nutech1810
@nutech1810 12 күн бұрын
She's been saying this 2yrs 😂
@nationsnumber1chump
@nationsnumber1chump 23 күн бұрын
Time for small businesses to come forth
@Ken-wg4zy
@Ken-wg4zy 20 күн бұрын
Great show, enjoy Danielle's take on all things economic. Trucking bankruptcy's are picking up steam along with other sectors. As far as stock markets making new highs, perhaps everyone should rewatch "The Big Short". :)
@danielalonzo7445
@danielalonzo7445 9 күн бұрын
I am actively avoiding ANY work. I am 53 with no job but financially independent
@ravikurup8350
@ravikurup8350 23 күн бұрын
Silent depopulation in affect .
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 19 күн бұрын
😉
@nosecretsfishing3661
@nosecretsfishing3661 23 күн бұрын
I only came for the comments and you didn’t disappoint.
@karlbork6039
@karlbork6039 21 күн бұрын
Nobody is buying houses or cars right now.
@leroyybrown
@leroyybrown 23 күн бұрын
Thanks Danielle for heads up that stocks could be OK (albeit increasingly risky) until the Fed actually cuts.
@derekb2817
@derekb2817 23 күн бұрын
you gotta love the Lin...
@douglasthompson9482
@douglasthompson9482 23 күн бұрын
Another great interview. Things are cooling off for sure. Interest rates will drop as they should. The general public needs to respond to this. Live within your means and reduce your debt. The corporate entities need to pay their fair taxes, wealthy included. Will most of these things happen….probably not. Just my thoughts.
@nicklll4477
@nicklll4477 23 күн бұрын
If you want corporate entities pay their fair share of taxes, change the 16th amendment from income to sales tax then corporations won't need to do loopholes in paying taxes.
@ALANGREENSPAN420
@ALANGREENSPAN420 23 күн бұрын
🚨BANK🚨RUN🚨SEASON🚨
@matthennagersguitarlessons
@matthennagersguitarlessons 23 күн бұрын
She brought up things I never thought of.
@ramsineivaz
@ramsineivaz 23 күн бұрын
Love your intelligence Danielle!
@Srichardson64
@Srichardson64 20 күн бұрын
interesting and her points are valid
@chefandy72
@chefandy72 23 күн бұрын
Wait for may 26th
@airbourne2
@airbourne2 24 күн бұрын
Who put Danielle in a closet?
@crap8011
@crap8011 24 күн бұрын
Looks like a water closet!
@arachosia
@arachosia 23 күн бұрын
She picked up a part time job as a janitor
@mutantryeff
@mutantryeff 23 күн бұрын
If she comes out of the closet, we might be disappointed.
@yvrytry5rc
@yvrytry5rc 23 күн бұрын
Her business is about sounding smart but being wrong
@Radio280
@Radio280 23 күн бұрын
Lol
@CharlesVaughn-bm9gq
@CharlesVaughn-bm9gq 23 күн бұрын
It is counterintuitive that the market goes down when interest rates are lowered.
@gpwede9855
@gpwede9855 23 күн бұрын
Well well I live every factory has help want signs in front of them in the Midwest and cannot find workers anywhere
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
How anyone can call a 3.9% unemployment a troubling sign is beyond me? I have more work than I can keep up with. People are just excuse building for their next bailout request
@Coco-yw9nf
@Coco-yw9nf 23 күн бұрын
Why gold and silver don’t go up
@KarenBradford-rl2oo
@KarenBradford-rl2oo 23 күн бұрын
Surprised there isn't any information about some governmental agency (can't recall who or how it was implemented) allowed, or required the big three credit companies to add 200 points to the lowest credit ratings so these people could qualify loans, insurance, rentals and other things requiring a good credit rating. Is it this cohort that aren't paying their debts?
@mechannel7046
@mechannel7046 20 күн бұрын
She's been predicting a downturn for years. She will eventually be right
@graceamsterdam5404
@graceamsterdam5404 19 күн бұрын
🙏🏼 good solid interview. It makes total sense to me and if anybody has to be a crazy lady, Danielle will be the last one. Interesting to learn that the first job report(s) are computed versions. What I am actually worried for (for the regular people, for our young ones) is is that the FED reacts too late. Ofcourse nobody is waiting for a rate cut and for inflation to shoot up again, but at least ‘we’ (the USA is somehow always followed by Europe) have our economy (albeit including the companies that actually can only survive on the lowest interest rates) still going on for a while (and the govs debts also become more affordable etc. We all know what happens when the gov cannot pay the interest on it’s debts: tax increase. I know it is what you call ‘kicking the can’, but hell will be frozen over before the govs will cut their own spending by 50% (or any good number), to create a breather against this compounding debt and the interest that has to be paid. It is naïve to think that war, and confiscation of assets of ‘the enemy’ will bring a solution or even a relief to the situation. The Biden administration has made an incredible mess of everything. Everything. Last remark: I live in a very diverse social group and I totally agree that recession has hit in Fall 2023 in Europe. People talked about money, increased costs of living, fear to loose their jobs, making all types of changes in their lives to reduce the financial worries and stress. And believe me, these topics are in the ‘shame’ corner, so when people talk about it ánd make changes, THIS IS BIG.
@TheMasterhomaster
@TheMasterhomaster 23 күн бұрын
Danielle has been talking about a recession for over two years now. She’ll be right eventually and will have missed out on 100% stock market gains.
@yvrytry5rc
@yvrytry5rc 23 күн бұрын
Her business is about sounding smart but being wrong
@djc7039
@djc7039 23 күн бұрын
Well their not gains till you sell
@bradw2k
@bradw2k 23 күн бұрын
You know how she's invested?
@ChapulinColorado1969
@ChapulinColorado1969 23 күн бұрын
You know the economy is getting tough when Danielle doesn't have enough money to buy a finished 👗 dress.
@cakensteak
@cakensteak 23 күн бұрын
@@ChapulinColorado1969 oh, that's flaunting what you got while you can.
@Gabber44906
@Gabber44906 23 күн бұрын
Wait a second. DDB said we went into recession last October .
@SpiKSpaN-ei6zq
@SpiKSpaN-ei6zq 19 күн бұрын
Technically we did. But if you mean when do we notice it in the street s, that takes 6-8 months. I've been seeing more cars for sale on the side of the road since the fall.
@winniethepoohandeeyore2
@winniethepoohandeeyore2 23 күн бұрын
Since we are getting close to the end of the month and Memorial Day means a long weekend, Over 400 eviction court cases scheduled THIS WEEK in Oklahoma City. American Credit card debt is $900 BILLION.
@ednorton47
@ednorton47 23 күн бұрын
The weather is warm now. People can spend more time outdoors.
@Slide61
@Slide61 23 күн бұрын
The bankruptcy cycle this time around is much different. As debt from Private Equity leveraged companies rolls into the new interest rate environment many can't stay afloat with the increased servicing cost.
@mrlarry999
@mrlarry999 23 күн бұрын
Big players in the San Francisco multi family housing markets are handing over the keys. Hotels and commercial real estate properties are selling at 25% of pre-Covid valuations.
@Jason-sf8vx
@Jason-sf8vx 23 күн бұрын
FED always act behind the curve , FED must cut interest rate immediately before everything's go out of control
@mikewood8695
@mikewood8695 23 күн бұрын
Hey David, cruise ships are the last thing to go because it's mainly retired boomers who are looking at their share portfolios and the value of their properties and spending like there's no tomorrow - they are flush with cash and no debt - but the employed and younger consumer are suffering
@Neelsworld2022
@Neelsworld2022 18 күн бұрын
Unemployment in Delaware is super high. Lot of businesses went bankrupt due to sky High interest rates . Thank you. Brandon.
@Benjamin_Phan
@Benjamin_Phan 23 күн бұрын
Smart money has to take chips off the table earlier, because they are big, and need a lot of liquidity, especially from corporate buybacks, for the transactions to occur. Small fry can wait until the last minute to take profits.
@user-bt9cm7ze4c
@user-bt9cm7ze4c 22 күн бұрын
EXACTLY. I been saying the same thing. I do believe it's coming. Warren Buffett sold some Apple and has 188 billion in cash now at Berkshire. They are BIG so they had to sell early. So i do believe it's coming. Not sure if it's weeks or months or a year BUT it's coming.
@cabragooncabulous4082
@cabragooncabulous4082 23 күн бұрын
Im hopeful Danielles stating the need for creative destruction is necessary. But I fear the “in crowd” or “have’s” will have strong influence over the regulators. And continue to manipulate economics. For both parties gain and the fear of having things happen on their legacy. I believe we’re screwed!
@davebrewer7170
@davebrewer7170 23 күн бұрын
Best interview in a long time DDMB tends to be repetitive across various podcasts. This had some fresh material. Well done. DDMB is the female mark yusko. Lot of phrases are recycled for months and months
@csp103
@csp103 23 күн бұрын
David, during an important comment by Danielle at timecode 31:48, her mic was cut off and the words became unintelligible. This is unprofessional. Please fix.
@BornYooper
@BornYooper 17 күн бұрын
Red Lobsters demise was the result of inept management and private equity gutting the company.
@rustyscrapper
@rustyscrapper 23 күн бұрын
I was 30 hours short to qualify for EI. I thought, how cool woukd it be if i wait like a month, and if the unemployment rate goes up you need less hours to qualify, and then i will have enough hours Got my access code a few days ago. If it worked it will be just badass.
@normastafford9716
@normastafford9716 15 күн бұрын
Whats the percentage now of unemployment in usa in 2nd quarter of 2024 .:: ????
@user-tb8kp9mt8g
@user-tb8kp9mt8g 7 күн бұрын
LPR is not great and U-6 unemployment rate is ticking between 7.5 and 8%. We're in stagflation.
@johnniewalker7628
@johnniewalker7628 23 күн бұрын
Reset sounds more palatable:(
@ritzenhauf
@ritzenhauf 22 күн бұрын
When will it be bad enough to no longer look the other way? Is this when interest rates are lowered and we can start to climb out?
@goldenremnant2610
@goldenremnant2610 23 күн бұрын
Broken business models wouldn’t exist in the slightest if we had a Biblical take on money. Don’t charge interest to borrowers that are American Use sound money (gold, silver, BTC or whatever you fancy) Abolish the central banks, which are the Golden Calf And last but not least, a mandatory debt jubilee every 7th year. Solves the re-hypothecation and inflation issue. Watch as this happens in due time. This WILL BE our system in just a little while…
@millsfinancialgroup
@millsfinancialgroup 22 күн бұрын
I love it
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