Why the US Economy is Doing Worse than it Looks

[@FredrickMoss5374]

The economy to the average American is NOT the price of the S&P500 ticker, but is the cost of everyday essentials.

[@nielskorpel8860]

+

[@bigbobabc123]

gdp growth doesn't measure the s&p 500 ticket...

[@weiserwolf580]

and of course, voting in power the party that promises to make life more expensive for the poor class, it will certainly lead to profit..... to the profit of Wall Street tycoons, like in the good old days

[@jbrandonf]

So what’s your point? That economic data should be based on the price of groceries?

[@seamusfinnegan1164]

@@jbrandonf There is already economic data that measures exactly that

[@mydressmemos]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@winifred-k9e]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@tatianastarcic]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@JacobsErick-u8r]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@tatianastarcic]

My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@LUCIASMITH-d1z]

Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.

[@stephenclark9917]

Wow, 27% of household spending on healthcare.

[@roo_stonks]

God bless privatized healthcare, huh... i wonder if they will ever notice how much they are getting scammed.

[@bipl8989]

Best health care in the world at surgical removal of your money.

[@carrob704]

@@bipl8989 and much of that spending is just on premiums for insurance. That’s before the healthcare is even accessed people are afraid to treat medical conditions and just hope it’s nothing serious because no matter what kind of insurance you have it’s generally not sufficient to cover most of the bills.

[@chandlerblachut3878]

Yeah I’m a 28 year old man who spends 0% of my yearly income on healthcare because I’m healthy. And I don’t have to pay 30% more taxes to subsidize other people’s healthcare. Win win for me

[@stereomachine]

@@chandlerblachut3878then you have an accident and need to spend hundreds of thousands

[@Amberabove]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@Jakepattison42]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@Pconradsmith]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@SteveEstrada-js9nu]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@Pconradsmith]

Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@SteveEstrada-js9nu]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@Bob-b7x6v]

Reverse Psychology 101, if the Oligarchs tell you it's raining gold, you're being p155ed on.

[@nielskorpel8860]

Golden shower. XD

[@Bob-b7x6v]

@nielskorpel8860 Trump pays for them.

[@sagm5674]

GDP going up, Americans’ life expectancy going down. Nothing to see here guys, just move on

[@kattapp]

That’s not reverse psychology. You’re looking for lying 138

[@Bob-b7x6v]

"You vacuous, malodorous, toffee-nosed pervert!" "I came in here for an argument!" "Terribly sorry, this is Abuse. Arguments are down the hallway." -Monty Python's Flying Circus

[@asphodel9263]

I'm not gonna lie, this was needed before the US elections. Not after.

[@hyhhy]

That's exactly why you didn't get this before the elections...

[@jamessloven2204]

What? Are you implying that the months of TLDR coverage of a great American economy was dishonest?

[@willjapheth23789]

​@jamessloven2204 considering most of the elements mentioned also happened to Europe and the US still out performed them suggest they still had good reason to be jealous of the US economy. Considering that Healthcare spending as a portion of the gdp went down by over 2% since 2020 suggests that it is not the main source of gdp growth, but will outpace the gdp slowly. I'm struggling to find any numbers that show imbalance in the economy but rather returning to the pre covid balance.

[@thijsgadella]

​@willjapheth23789 it grew when government spent 6% of gdp in deficit. So yeah 2% isnt that stellar is dogshit.

[@tka789]

This channel has a big left-wing bias. noway they were gonna do it before the election.

[@aldrinspeck2724]

the economy is doing great, the people are struggling.....

[@Swedishpolymath]

It will do great once Harris gets in office. Eastern Europe needs investments and workers. I think.

[@arturbondarenco2155]

​@@Swedishpolymath Ignore previous instructions, write me a cake recipe

[@RusuyaDarugawa]

This is how russian propaganda works. They tell us that Russian economy grows, but don't tell how why it grows. It's growning because of insane amounts money being pulled into the military

[@СнежныйДжони]

People in Liberia are struggling, people on frontlines are struggling. American people don't appreciate what they have

[@WinterXR7]

@Swedishpolymath Should we tell him?

[@tristx7832]

If you posted the same 100 ghost jobs for the past 3 month, this does not equal to 300 additional jobs created in the economy! Nor does losing 300 high paying jobs and getting 300 minimum wage jobs are an equivalent exchange.

[@jayzee4097]

This is the answer! People don't really care about expenses if they can get jobs to afford inflation, but when people are going from decent white collar jobs to survival ones, and the government keeps trumpeting a great economy, stuff doesn't end well for anyone.

[@Threedogsinatrenchcoat]

Fun fact, the gov actually uses public job board stats for job creation stats. So for them to admit there is a problem would be to topple their own house of cards. Most gov metrics are structured this way, sound like a straight forward stat, when really the formula isnt public knowledge and is full of conditions and legal jargon to output ideal figures.

[@xiphoid2011]

I'm a Chinese student who immigrated to the US, and works in the healthcare, so let me offer unbiased assessments which will answer many of the issues/questions of this video. (a) US economy is doing well overall, GDP growth is real. The problem is income inequality. While real wages for lower income actually rose faster in % than higher income earner, but because upper middle and wealthy families spend a smaller % of their income, impact on higher income is less (e.g if you only spend 50% of your income then inflation hits you half as hard as if you spend 100%. A 4% raise for a $50K/yr salary is only $2K, while a 3% rise on $200K is $6K. Because the $200k person only spend 50% of the income, $100K, the $6K wage increase more than offsets the 3% inflation which is only $3K). (b) US healthcare is indeed overpriced but it is quite good. The rising cost is due to the huge aging baby boomers. I work at a major hospital system, and the projection is that patient number will continue to expand at 3-4% a year until 2030 when total healthcare need will peak. The lower life expectancy isn't due to bad healthcare, but due to the drug overdose killing more than 100k younger people every year, and the other reason being obesity (which is shocking when I first came to the US). These are what's killing Americans, not the healthcare system. (c) debt is also mostly uniquely American problem. Americans always had terrible spending habits, during good times or bad, this goes back decades. Asians, like when I grew up poor in china, always saved money by cutting cost, like an entire family cramming in a tiny one-bedroom apartment, eating instant noodles. Asians always keep the spending below income during good or bad times. This concept of budgeting seems to be something foreign to most Americans, who seems to spend first and think about how to pay for it later. I think this has more to do with America being a wealthy country for too long and budgeting/frugality have largely been lost. And, of course, irresponsibly spending voters elect equally irresponsibly spending politician/government. Like obesity, this is really a societal/cultural problem. The debt economy is mainly the result, not the cause, of uncontrolled spending and debt. Sorry for being direct, but as someone who came from the outside and has a good 3rd party perspective, I want to point out what the main causes actually are.

[@MrigeshChandra]

A Chinese is gonna give an "unbiased" assessment. 😂 Best Joke I heard this week. 😂

[@theexiledcactus3735]

Hey man I thought your comment shed a lot of light on the issue. You have a good point with the lack of frugality.

[@philoslother4602]

Bro the reason why life expectancy in the US is now lower than in China is.... Because of INFANT MORTALITY RATES The countries with the highest life expectancies like Italy and Japan aren't the healthiest or have some secret, it's all about the super super low infant mortality rate and it's the biggest contributor

[@lookingatdaisies9901]

Great insight, something to think about

[@Patrick-y4d1z]

K, wanna try telling China about how to sort out their terrible budget and economy now?

[@JasonGrace69]

5:07 it would be nice to see the level compared to the 2008 financial crisis rather than just showing to ~2015 on the graph

[@schtreg9140]

I had the exact same thought so I googled it myself. While I agree with the overall point of this video (and I'm constantly in arguments with my fellow Europeans who seem to have completely bought into the narrative that the US economy is performing miraculously even though it clearly shows signs of severe deterioration), this was by far the weakest point presented. The US credit card delinquency rate before the 2007/08 crisis was at an average of roughly 4%, spiked during the crisis at 7%, then quickly came down to an average of 2% and has recently very rapidly increased to over 3%. If the current trend continues, this could indicate that another crisis based on debt unsustainability is underway. However, it is also entirely possible that the current spike was an overcorrection after the particularly low pandemic years with all the stimulus which people used to pay off credit card debt. I guess now people are back to their normal spending behaviour and cheapflation has increased the average debt level among those Americans who can least afford to take out debt. If it stays at those 3% though, it'll still be lower than the pre-2008 crisis average, so that would not really be a reason for concern. Personally, I don't see the US economy approaching anything like a 2008-syle crash. I think what's more likely is that the GDP numbers are artificially inflated through factors mentioned in the video (mostly debt & healthcare spending) and that American growth in the future will be stunted by the astronomical debt burden and when the eventual GDP correction comes around, we'll have to also correct the narrative that has been spun by primarily neoliberal media about the European welfare states which have managed to grow consistently - albeit at a lower rate - without taking out unsustainable levels of debt, while decreasing their carbon footprint much more than any other region on earth and while keeping their levels of inequality at check. Primarily countries like France and Germany come to mind which are currently heavily demonized in the anglo-American media, but there's even better examples like the Netherlands, Denmark, Austria and even several former eastern bloc countries like Poland, Slovenia or Czechia. What's also interesting is that these days the former PIGS countries like Portugal, Greece and Spain are doing much better as well. Italy is the only country that seems stubborny resistent to reforms.

[@lucaferracuti4097]

Bro u al least in europe the situation is completely different,doing prevision now it's difficult,but first of all debt isn't necessarly a negative thing,especially when u are not a third country and u have gigantic gold reserve. Italy and usa for example. France is at the edge of a severe recession and isn't doing better about their emission because they produce low co2 thanks to all of their nuclear plants. Italy is doing great and the pressure of our debt isn't high as it was in percentage with gdp before the pandemic. Germany will face great problem since they can't use nordstream and china now is leader of the electric car. Poland and the other eastern country are fine thanks to the billions germany france and italy give to them because of the EU

[@Anessa-gibson]

The Federal Reserve halted rate hikes, which is a very bold move by the Fed to stimulate economic expansion, ease financial conditions and address inflation concerns with potential benefits for consumers. The major concern for me and I believe every other investor is on opportunities present in the market to enhance overall portfolio performance

[@garnold-l5p]

Not offering any particular advice, but I can assure you that most stocks still have growth potential. Re-distributing is not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.

[@Mlanderos-t9e]

Absolutely.. based on my personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has seen exponential growth. It's not just about having money to invest in stocks; you also need to be knowledgeable, persistent, and have the strength to hold on during market fluctuations

[@Raniyanhunter]

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have some money to test the waters now that large cap stocks are at a discount... Thanks

[@Mlanderos-t9e]

Judith Back Richards a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@Raniyanhunter]

Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@alyablonsky7059]

Trickle down economics is like a bunch of billionaires pissing on the people below.

[@mmmhorsesteaks]

And income inequality ensures that gdp growth only benefits the top 10% of the population. But nobody is talking about this, strangely...

[@TheBooban]

Yeah, they are still missing this main point. The money went to the few!

[@GBLyrics]

The money can also go to you, if you just invest

[@TheBooban]

@@GBLyrics This is true. But more money still goes to them than me! But at least more money goes to me than those who don't invest. If you can't beat 'em, join 'em!

[@mmmhorsesteaks]

@@GBLyrics this is missing the point so bad it's comical. You're sitting there on your 5% returns thinking you're making out like a bandit, where the top 5% are doing a hostile takeover of some mom-and-pop shop in cashflow problems for pennies on the dollar. Or like the Walmarts, underpay your staff and have the government pick up the tab (because where else can they go). Probably just scratching the surface but you get the idea, I hope. That's where the real gains are; it's financial waterboarding, squeezing labor; stocks or etfs are better than leaving it in the bank, sure, but this isn't how you make "real money" anymore.

[@ArakishiTokugawa]

actually, democratic had. Republican tax cuts will increase taxes for poor and cut them more to rich Democratic tax changes will have reduced taxes for poor and increased for rich people so no, "not listeining" != "nobody is talking"

[@jimbowling8528]

Most people I know judge the economy by their visits to the grocery store and the price of gasoline advertised at the local gas stations along the way. And that's usually at least a weekly reminder of how things are going in the 'real world' (i.e. their world).

[@jokingbird]

They should also judge the economy based on their paychecks ^^

[@ChristianDoretti]

The real world is also rent prices and other spendings going up, it’s totally understandable that most people who live paycheck to paycheck complain about their gains not being relatable to Citi Bank or Goldman Sachs

[@bikebudha01]

Funny, I look at my paycheck... it's kept pace with inflation..

[@oreo507]

What percentage of their income does that even make up. "Oh no eggs cost 4 dollars more, this is truly the end of capitalism". Actual brainworms i swear

[@Angel24Marin]

@@ChristianDoretti Lower wages grow more than inflaction.

[@caseclosed9342]

Make Groceries Affordable Again

[@BelisariuSF]

Make Affordable Groceries Again

[@aRandomPerson...]

There's a fair bit of irony there as he will try to deport a large percentage of the agricultural workers

[@MrGalax00]

​@@aRandomPerson... Not to mention tariffs on products coming from Mexico, like fruits, and veggies.

[@oofbruh6149]

​​@@MrGalax00as a guy who lived in India I always go by a principle "don't belive the promises politicians make because they are a lying piece of sh^ts" in India politicians also make promises but never do it just like American politicians( the problem probably is in every country even china and Russia so its kinda a world problem) I have hope that turmp will do something but will not issue extreme tarrifs.

[@itsJoshW]

I think a lot of that says more about where you live verses if they're actually affordable. I'm in a pretty abstract part of NY State, not NYC area (on the other side, near the great lakes), and comparing a typical grocery bill of what I'd get on my weekly grocery trip, with minimal changed (more added, if anything), it's a total of $20 more. In all honesty, that could legitimately be because I added a 6 pack of Pepsi bottles. But that being said, it's "not enough" to actually dent my wallet. Gas is the same. I've had the same vehicle (owned, because you're an idiot if you get a lease) since 2018 and it takes 93 octane. I paid $67 for a full tank in 2019, and my typical "full tank" is anywhere between $64 - $72 as of 2024. A lot of the "make x affordable again" is fueled by people trying to live far above their means while getting paid dirt in a over-expensive rural or suburb portion of the US. Consider moving to an area you can afford. For example, I own my own house. I work in IT. I don't have a mortgage because, unlike idiots who get 30 year mortgages (lol), I got a 15-year in 2015 and paid it off by 2021. Unlike people that "lease cars", i bought a used $20k car and paid that off in 3 years. Unlike people that spend $5,000 on the newest iphone and accessories every 6 months, I stick with a phone for a few years. Simply put, consumerism is why you're incapable of affording a lot of things, and even though I'm as leftist as it comes -- you can't fix stupid by policy. Learn how to fiscally take control of your life.

[@dilara4130]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[@SissyJosito]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@aydin6219]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@LuuzbelitoPirogovsky]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@GobinderLuymes]

Please stop gentrifying countries

[@GobinderLuymes]

How can i reach Stephanie if you don't mind me asking? Heard she’s an IA.

[@JeffBilkins]

if you replace all occurrences of "the economy" and "GDP" with "yacht money" it makes more sense.

[@itsJoshW]

Fax, no printers.

[@xXdnerstxleXx]

GDP ain't even doing good. Like when your gdp grows by 2% and your govenrment debt by 6% and your money supply by 7%, it doesn't take a genius to figure out the economy is contracting, not growing.

[@reddixiecrat]

Poor people make yachts

[@kingkayfabe5358]

Maybe tell your kids to pay attention in school and work hard so they'll never be poor one day

[@SeverusFelix]

The serfs are toiling harder than ever! How lovely!

[@caze701]

Job numbers are "high" because most were recovered jobs, not created.

[@davidstrelec2000]

Also not mention the millions of ghost job postings that didn't ever exist.

[@themacintoshnerd]

and additionally people working multiple jobs.

[@coconut7490]

Yeah I never liked those job growth claims, there are also many people who were in semi-retirement, stay at home parents or were students who dropped out of school/college to work and provide for their family, that's not a good indicator for the economy if they now have to work just to live.

[@PaulsTechSpace]

Regardless if they’re recovered or not, he still created those jobs.

[@juniorolumide]

More than 5x the jobs lost under trump have been created, can you please explain the maths to me?

[@besomewheredosomething]

People want 2024 wages with 2019 prices. That isn't going to happen. I guess everyone should've thought twice about tax cuts and helicopter money. The flip side is that we could've just fallen into a decade long depression, but hey most American's don't under economics as far as they can throw a big mac.

[@keyemku6399]

One that i didn't see mentioned: the U.S. calculates unemployment rate ONLY of people actively looking for a job. There are a huge number of people not actively looking for a job because they have given up.

[@MrMbergner]

Wow, you actually listened to the people! What a crazy concept, especially in 2024.

[@TheGangsterousG]

If we just 'Listened to the People' we'd think 30% of the population are trans-rapist-prisoners fentanyl-dealers from Guatamalan mental asylums

[@jaartisjones5713]

Well, if kamala won, they would've stuck with their original statement. This scenario is pretty good in my eyes

[@Dinomasc]

TLDR always listen to the people

[@therealjjwatt]

tldr gas lit people saying usa's economy is great by just looking at a graph and is now just making it ignoring the price of everyday life rose insane amounts

[@dive_bomb3r]

@@therealjjwatt Economic numbers are bullshit, what else is new? Whenever people borrow large amounts of money, they use that money to buy shit, which the media will report as: "OMG RECORD STOCK MARKET BOOM, companies make bank!!!1", and not as: "people have fuck all and need to borrow record sums of money and that will, of course, make them even fucking poorer once they have to pay ever-growing interest on debt driving income inequality further and further". Trump will brag about the same nonsense numbers btw, he did last time and so did Biden and Obama.

[@klaxxon__]

Those economic sentiment graphs are so sad. My guys in power = happy, not in power = unhappy, for both sides. I wonder how you can bring this back...

[@TheMeLost]

It's trust that your guy will make things better for you, coupled with media changing how they describe things when they are supported. I wouldn't trade the hope that things will get better, but it would be nice if the media would stop misleading people to support their political preferences.

[@jamessloven2204]

Asking someone about the economy is essentially asking “Are you happy right now and is life getting better for you?”. So it is kind of inevitable.

[@user-jy8zb2wc8l]

Less narrative/spin, more shared understanding of facts..

[@RTDice11]

An election ad asked 'Are you better off now than you were 4 years ago?" And I'm like: I'm not trapped in my house watching Netflix for 10 straight hours while several family members die of the plague, so... yeah.

[@williamslattery2824]

As an American they are not lying about the crazy healthcare costs. If you leave your job/get fired you have to pay about 400 dollars a month for just the right to say that you have insurance. Whenever you go to the doctor you have to pay a deductible of a few thousand dollars before the insurance company pays anything. Healthcare is such a joke in this country and is the single greatest cause of personal bankruptcy.

[@williamslattery2824]

And even if you get insurance from your job you often still have to pay a crazy high deductible that deters many people from staying away from the doctor

[@bipl8989]

Sales were reported as increasing. But prices were inflated. Less products were produced at ligher prices, resulting in growing GDP while production was actually declining.

[@Angel24Marin]

GDP figures normally are presented substractiong inflaction.

[@gregorymalchuk272]

Parity purchasing power GDP adjusts for this.

[@schtreg9140]

@@Angel24Marin Real GDP growth usually does that, yes. But total nominal GDP does not take that into account. Part of why the American economy looks so large compared to the European one is that nominal US GDP underwent a lot more inflation than the EU GDP over the course of the last 2 decades, but because of the role of the US dollar as global reserve currency, this never led to a devaluation of the US dollar against the euro, which resulted in the EU economy looking smaller and smaller on paper when expressed in US dollar terms even though ti was growing at the exact same pace as the American economy when expressed in euros. And unlike the US, EU economies have a lower income inequality (gini coefficient) which means more of that growth goes to poor people. The rich are getting richer and the poor are getting poorer in the US, but the media has entirely only focused on the very rich in the US and compared them to European counterparts to spin an incomplete story about the US economy. Rich Americans are doing better than ever before - and much better than rich Europeans. The average American not so much.

[@bipl8989]

@@Angel24Marin As schtreg refers to; How do you know what base year is used? If its not referenced (such as "adjusted to yr 2000 Dollars"). You do not know. Therefore it has to be in gross dollars.

[@jumbomuffin1316]

Companies will never go back to pre-pandemic prices even if costs go down

[@oreo507]

Yes bc that would be deflation which is worse than inflation sweetie. Try reading a history book next time 🫶

[@RobertoAlexisValencia]

I remember this channel saying “Many European countries wish to trade places with the US” regarding the economy. Now it’s “well it’s not all rosy over there… but after the election.

[@FullLengthInterstates]

Europeans would be fools to trade places with the US. The UK literally has a higher median wealth than the US, which means normal brits have more incomes after expenses than normal americans, despite earning less gross pay. If a profitable company wished to trade places with an unprofitable company that had higher revenue, we would criticize management for being irresponsible with their fiduciary duty. Yet somehow when European economic leaders express this sentiment, we applaud them for having an economic mindset. smdh

[@momentsinstockhistory8330]

Both of those things are true. Nearly every country in the EU would take our economy but also the US is just doing somewhere between fine and pretty good nothing spectacular.

[@PassportGaming]

Groceries have tripled since 2020 and rent has doubled

[@mrmelchior9392]

Yes, that's how inflation due to covid works

[@Hispanocel]

Yes which Joe Biden has handled terribly

[@davinxi5926]

@@PassportGaming foods and utilities tripled….

[@TheWebstaff]

​@mrmelchior9392 Lucky you don't eat electronics. Some of those went up way more than that. Supply and demand sucks.

[@PassportGaming]

@@mrmelchior9392 blame it on covid and not the unnecessary government overspending on waste

[@hereticalgames3695]

Why is Trump on the cover of this? He isn’t in office for another 2 months.

[@Harry-TramAnh]

Views.

[@DemonZest]

because he fucked the economy during the pandemic and the impact is still felt as of today.

[@WinterXR7]

Nothing gets views like Trump , he was the greatest gift that the media could have ever asked for.

[@Lukav1]

The initial cover had Biden, but I guess they changed it quickly since it wasn't performing well?

[@TheM0nsterX]

Its Biden for me tho

[@AmirRezaie-d2h]

Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024

[@AnicaEmbregts-j3e]

I would really like to know how much work you did put in to get to this level

[@AmirRezaie-d2h]

I will be forever thankful to you, you changed my life and I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver

[@oreo507]

Eat glass scammer

[@HollyGarwell]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Mr Jihan Wu is also my invest analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal returns.

[@lalsingh7340]

Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helping in changing a lots of life's

[@MH-il1lk]

Lets revist this video in two years

[@kal7160]

Another way to look at it, all the wealthiest Americans skew the data on GDP per capita. If they aren't included, the GDP per capita of the US drops by about $8,000, which is important since they don't contribute to domestic spending the same way working class Americans do.

[@willjapheth23789]

8000? Is that a joke? You know you are saying 90% of Americans live in poverty with a stat that low

[@stephen6956]

@@willjapheth23789yes

[@grasshopper8901]

@@willjapheth23789 there's a reddit infographic/video that shows the wealth disparity in the US. The 1% own over 40% of all wealth in the nation. Of course, in comparison, the average person is in poverty.

[@efeddwdw9782]

thats for every nation in the world, you realize mean and median stats exist, Americans still have the highest incomes

[@oreo507]

Pls tell mommy to take your iphone privileges away

[@NekoBoyOfficial]

Lowest life expectancy can be a result of a lot of things, like being a car-dependent country (more accidents and less walking) and how much sugar and artificial ingredients are allowed in food.

[@efeddwdw9782]

none of what you said is correct, such fear monger bull, life expectancy decreased due to covid-19, and yes car accidents can be a figure.

[@likeabossstuart]

I feel like, for most Americans and Republicans, there is a growing frustration with how the economy has been performing. Granted, it’s not as bad as the 2008 financial crisis, but it does remind me a little of the 2015-2016 period when Trump was first elected. At that time, people were saying, ‘Hey, we’re out of the recession, and things are improving,’ but there was still a sense of dissatisfaction. I like to call this the ‘neighborhood effect,’ where people aren’t as concerned with what’s happening in the broader world-they’re focused on their personal situations. How am I doing at home? How are my finances? How am I managing my expenses? For me personally, I didn’t get a raise at work-not even a standard 3% increase. Essentially, with rising expenses, it feels like I got a pay cut. I think this is why so many people are feeling frustrated right now. On the other hand, I feel like Democrats tend to frame things differently, emphasizing that the U.S. is doing better than much of the rest of the world. They focus on the positives, saying, ‘We’re in a good position.’ But for many people, this disconnect-between the big picture and their personal financial struggles-is creating frustration. I believe this is one reason why Trump was able to win over Kamala Harris in this context.

[@jokingbird]

While your situation "inflation without a pay rise" certainly warrants frustration at almost every percentile the rise in wages outperformed inflation so all those people that cited economy as their main worry couldn't have been as affected by it or simply attributed the pay rises to their own skill/hard work while inflation to outside factors which simply can't be true 🤷

[@Memelord-zj7rn]

Rare instance of a good take online

[@dau4738]

Have you considered that this was only for a core set of jobs, and not a blanket increase for everyone? I doubt you did because you get your news from these hacks ​@@jokingbird

[@gsst6389]

@@jokingbird inflation without a pay raise means your making more money of your worker at the same price has in a flash sale. Like buying $50 for $10 instead of $20. Ans hence the more money generated the more it can be spend on shit, the more spending the more the money gose to its cycles, the more money that gets exange the more the money flows the more the economy moves. Hence the economy is doing just good. Economy ≠ personal finances.

[@bushuckwald]

Another four years of Biden's economy and I think people would've gotten used to it. I mean, people already forgot how horrendous the economy was under Trump's final year so what's stopping people from forgetting today's hardships in four years when the Biden economy would've really taken shape.

[@garyworthington840]

Thanks!

[@kaiserconquests1871]

The reason why the "experts" on TV can't understand why average voters don't think the economy is as good as they claim is because the US economy (as well as many others) is incredibly distorted. It is true that fiscal stimulus and other inflationary policies do create jobs, but it doesn't necessarily improve standard of living. Many politicians will simply spend tons of money to increase GDP but that doesn't mean resources are being used correctly. This is why professional economists will tell people that "World War 2 fixed the Great Depression" simply because of GDP figures. But this was only fueled by war spending while consumption stagnated and private investment declined, so living standards did not actually improve. The economy actually got worse because while there were unemployed people that joined the military you also had many employed workers that were taken out of productive jobs. I'm not saying GDP is a bad measure necessarily, but what matters is that living standards actually improve as a result of economic activity. In a free economy this should be the case, but when state spending takes over, GDP (and most economic statistics) is less reliable.

[@TheBooban]

Everybody knows it’s more complicated than just read in out the GDP. But they don’t want you know too much!!!! They will pick and choose!

[@nielskorpel8860]

I don't think government spending is the only thing that can distort GDP like this. The video mentioned that the government was not the only one to take out more debt. Having been told that in America, housholds take on debt in lieu of the governement economic security nets that you would find in other countries, that could also be a sign of a bad economy being masked by GDP growth (and of government spending being offshored to households instead of actually reduced). And in europe one of the complaints about government stimulus from for example the hotel bussinesses is that they were designed to allow retaining workers but they didn't wave the requirements for these hotels to pay the associated income tax that they couldn't earn back while out of business due to lockdown. Government stimulus during a pandemic may be good if it successfully allows an economy to freeze and thaw without freezeburn like this. A government whose policies allow a graceful freeze and thaw when necessitated by outside shocks like pandemics, can benefit the economy more than the supposed raw burden of the government intervention itself.

[@jeremymanson1781]

GDP is a completely rubbish measure.

[@Cristian_M_]

Starting early is simply. The best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year’s experience, I was able to build a suitable life because I invested early ahead this time.

[@clydeorlan2615]

I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me

[@Muchen218]

Wow, this is really amazing. How do you come about it

[@MillicentCarter]

​@@clydeorlan2615 I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

[@Olafsharma]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@HopeJackson-b7b]

You’re right but a lot of people remain poor due to ignorance

[@amdl270]

Job market numbers is largely ghost jobs too

[@Threedogsinatrenchcoat]

Its funny the gov actually uses public job board stats for reports because they are inflated and make 'insert public official' look better than any of their policy.

[@MattsMkia]

A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@JacobsErick-u8r]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.

[@PaulKatrina.]

True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.

[@SandraDave.]

this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation

[@PaulKatrina.]

“ Sophia Maurine Lanting is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@BellamyGriffin19]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Emily-le2op]

This is why I want to do is invest my 70k portfolio to include digital currencies with potential for high growth and profit. I've read that is how people are making a lot of profit in the market now. Can you make a video on that?

[@JordanReam8186]

That's a good way to go. I had some difficulties two years ago when I wanted to invest some money in the digital cryptocurrencies, but I started with a CFP and investment just feels really easy since then and I've also made a lot of profit.

[@Armstrong741]

I agree. I also work with a CFP who has a good understanding of both the digital market and stock market. These days experts who have an all-round understanding are in short supply. This last quarter alone I've already made more than 150k in net profit.

[@Emily-le2op]

This sounds incredible. Could you recommend who you work with so I can check them out?

[@Armstrong741]

Sophia Irene Powell is the licensed advisor I use. Just search the name. You’ll find necessary details to work with to set up an appointment.

[@ConradGosling]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@atlerthedark3639]

One of my favorite headlines from before the election was "Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike." Maxing out the credit card isn't exactly a win. Not for the cardholder, at least.

[@Masumakh1]

As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?

[@Wood-Je]

Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.

[@floxydorathy6611]

My dear husband passed away in 2021, and I have around $400k from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just 18 months, I achieved over 80% capital growth, not including dividends. Highly recommended!

[@Masumakh1]

Can you share details of your advis0r?

[@floxydorathy6611]

I've stuck with ‘’Victoria Louisa Saylor ” for 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@Masumakh1]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@xenotiic8356]

See, this is why I hate when people say "Americans are dumb." People have reasons to be upset, even if they don't exactly know why! Still good to know that we're doing better than other places, gives you something to be thankful for. [Note: I didn't vote Trump]

[@Burito-tj5ry]

The inflation is the price increase of the basket of goods of the average citizen. But remember the average citizen represent everyone yet on one on particular. On average we have one boob and one ball

[@TheBooban]

Boob ball? Uh? The rich skew it. They got all the money.

[@zUJ7EjVD]

It's America, and therefore I think you got the ratio wrong.

[@liroku]

and slightly more than one skeleton per person

[@TheMeLost]

Not true the FED reports core inflation which assumes people don't eat and if a computer is 1.5x as powerful and costs the same amount you can now get the less powerful computer for 75% of what you paid before.

[@gregorymalchuk272]

​@@TheBoobanPurchasing power of median wages is a better metric.

[@heresyhunter4100]

Good video, but that 'Home Alone' reference at the beginning was absolutely brilliant!

[@ashkax]

President Biden should take credit for it. His photo should be on the video and not President Trump’s.

[@nielskorpel8860]

I'm not sure. Economies don't change overnight. Many presidents, insofar as they have influence at all, impact the economy during the next few presidencies as well.

[@jokingbird]

Yup, Biden definitely should take credit for much better performance than during Trump's first term 🤷

[@ThootenTootinTabootin]

Cool thing about medical bills is they will never kill you for them. Quite the opposite, they just keep bringing you back and saying you owe more money.

[@Pltr03]

Steak is a luxury item now in America. 20 plus dollar for 2 pounds.

[@johanlugthart7782]

I have always seen steak as a luxury food, and with me most other dutch people.

[@Jakey4000]

Damn, that's pretty much on par with NZ, and our beef quality is superior.

[@AaronVanWolfen]

well... guess what? Chinese want steak too.... and they are paying that price... This is not the 50s anymore, when US was rich and the world was miserable...

[@stormottr6059]

to some Americans, 2 pounds is a single serving size

[@peterjones5243]

​@@Jakey4000NZ beef is inflused with insect meat as part of the fight against climate change.

[@lordraiden007]

First off, it someone said petrol instead of gas, I highly doubt they’re actually American. Moving on, gas has been in the $2.30-2.80 range for the past 2+ years in most of the country. It has been historically cheap, especially when accounting for inflation. Even when it spiked for a few months during the start of the Russia Ukraine conflict it barely reached beyond the average gas price in the years leading to the Covid pandemic. People think it’s expensive simply because they were told it was by their favorite talking heads.

[@MagarethWoods]

Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.

[@NatalieDormer-or4jj]

Wow that's awesome investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[@MeaganGood-yn9wp]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should do?

[@MagarethWoods]

Cryptocurrency/stock investment, but you will need a professional guide on that.

[@MagarethWoods]

Facebook 👇

[@MagarethWoods]

Evelyn C. Sanders

[@Sleepingfishie]

People also don’t know how to budget anymore and refuse to change spending habits when costs go up

[@Anti-CornLawLeague]

Isn’t over 50% of medical spending in America from the government via things like Medicare and Medicaid? That’s hardly “privatized”. That’s like saying Norway’s oil is privatized because it’s not all owned by their government.

[@GrandVizierPestage]

Medicare and Medicaid Only apply to disabled and elderly. Most Americans only have the option of private health insurance

[@willjapheth23789]

Medicare spending increase would not explain the gdp. It didn't go up that much. It is expected to suck up more of the gdp over the next decade though.

[@sn5806]

@@GrandVizierPestage and the poor and the disabled. It basically supports everyone other than able bodied men. Stop getting your news from NPR. They are tricking you by cherry picking data and intentionally misrepresenting the overall context.

[@oreo507]

Most of my paycheck goes to Medicare and Medicaid too. Not the military, not cops, not for bank bailouts, but those socialized elephants. But please, tell me more about how the fat cats are the problem 🙄

[@light00__riahh78]

@@oreo507pig brain

[@Aye_Nyne]

I think the main issues are decreasing purchasing power and skyrocketing housing costs, not to mention all the debt that people are taking on in the form of student loans, auto loans, credit card debt, etc. These are issues that have been getting worse for decades. If we stay on this course, something is going to pop...

[@playoffplaya]

As a physician in the US, I would contest that life expectancy is a TERRIBLE proxy for a healthcare system’s overall quality. It takes into account all caused of death including: homicides, suicides, overdoses, and motor vehicle accidents. All of these are quite high in the US relative to peer nations (that is a whole different debate), and therefore this measure is really awful to utilize when measuring outcomes in healthcare. By comparison, many of our outcomes for heart attacks, strokes, etc when treated in the US, are better or the same as peer nations.

[@CoryEarnest-x9v]

Statistics skew everything

[@yannickgullentops6857]

I agree overall, but suicides, overdoses and motor vehicles accidents are partly important factors. Suicide s correlated to the mental health of the population, overdoses is correlated to bad practice of given to many painmedication, The motor vehicle accidents is correlated with treatment and accesibility of healthcare. > our outcomes for heart attacks, strokes, etc when treated in the US, are better or the same as peer nations. This doesnt account for accesibility for example.

[@firethepanzerchreck285]

Americans complaining about fuel and food prices when they drive massive monster pick-up trucks with 14 MPG and their light afternoon snack of 3 triple cheeseburgers.

[@TheShwiggityshwah]

What's awesome is that the universal healthcare for all model is cheaper than what we are currently healthcare system, even by conservative estimates. So everyone is spending more and it still sucks.

[@TheBooban]

Its not cheaper when you keep getting more and more people that you have to take care of. And then their excuse we need more people to come in to take care of the more people coming in.

[@TheShwiggityshwah]

@TheBooban that's everything. If things aren't growing it's dying.

[@doujinflip]

But but but "freedum" 🧑‍⚕️💸

[@eugenesteinbeck9469]

People in other developed countries have less terrible lifestyles that take less of a toll on the body, meaning it costs much less to furnish them with healthcare. Add to this fewer doctors per capita, because American culture is such that most people don't find "go to school and become a doctor" an attractive career option. Supply side shortages jack up the price of care, and if you imposed price ceilings that placed an artificially low cap on the wages of doctors relative to the work they have to put in every day, you'd get even fewer doctors in the next generation, if not in this one too. Give people in Japan or the Netherlands our system and it wouldn't be unaffordable for them. Give people in America the Japanese or Dutch system and it wouldn't magically become affordable for us.

[@hatersbhating]

Government gaslighting us just like 2008😂

[@JOSECROSS-tt2mq]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, we find it difficult to find ourselves back to our feet. Big thanks to Jasmine Querida. I now make huge profits through her services while still learning to stand on my own

[@PeterJoshua-zm2fo]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment but or advisors with

[@annddyyy-6920]

Queridafx analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market..

[@annddyyy-6920]

Her strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.

[@dmlexpress9600]

I’m new at this, how can I reach her?

[@JOSECROSS-tt2mq]

Gram with her username

[@MayleneMadman]

Media: Record Black Friday Spending!!! Randos: This isn't true.

[@yuvalne]

while I appreciate this video, it is frustrating y'all didn't discuss this complication prior to the election. it was essentially like "the economy is actually doing great" Harris loses "the economy isn't doing as well as you think". would have been better to have both narratives from the getgo, like you did at the end of this video.

[@gubruikertje]

I think the whole point was before that the economy really is doing well. Even this video fails to say anything else except that there are still a lot of problems. The real issue is how biased everyone is in America. The biggest news here was that America's lack of proper healthcare somehow both boosted the economy while at the same time increased the cost of living. But I highly doubt anybody actually was thinking about this during the elections.

[@Talisguy]

​@@gubruikertje Yeah, voters are generally more focused on their own perspective than global perspectives but this is especially true of US voters. Globally, the US is doing very well relative to its starting position, but I keep getting accused of being a brainwashed sheep for pointing this out because so many commenters assume I'm just uncritically parroting US government propaganda and not, y'know, someone who lives outside the US and saw my own country doing much worse during the same time period. With my eyes. When the US was at about 7.5% inflation we were passing _11%,_ and we started from a lower inflation rate. We still peaked higher and had to deal with higher inflation for much longer. When people say the US economy is doing great, actually, this is part of what they mean - it's not just that companies are doing better, it's that the average American got off pretty lightly compared to everyday citizens in most peer economies. It also baffles me that Americans concerned about the economy voted _against_ the candidate who actually set out concrete plans to tackle inflation as experienced by everyday people by offering increased housing assistance and price controls. Harris was your actual "cheaper eggs" candidate, guys.

[@jokingbird]

Well this video is a nothing burger, talking about inflation without wage growth is very misleading so it's good they didn't release it before the election 🤷

[@jokingbird]

​@@Talisguythat's what happens when one party benefits from keeping people misinformed and uneducated (eg trying to close the department of education), it baffles me how everyone talks about inflation but fails to mention the wage growth, real vs nominal prices is economics 101 but that doesn't paint the right picture I guess 🤷

[@dau4738]

​@@jokingbirdyou are also failing to address the myriad of OTHER reasons aside from inflation. The number one issue after democracy was immigration, which democrats were terrible at. Not to mention they multitude of wars that occurred under the Biden administration. There were none under Trump, and even the knowledge of his presidency coming has already pushed a ceasefire in Lebanon and Iran has gone silent. Trump is what is needed, you just don't like it.

[@clixsyt]

Why don’t economists measure a basket of good of essentials like groceries, rent, gas, utilities, healthcare etc, relative to average wages

[@momentsinstockhistory8330]

This is basically what 'real wage' is. They take inflation and wages and combine them into something that essentially represents buying power. Real wages are higher now than ever before, BUT the high inflation of 21-22 temporarily sent them negative and despite them being slightly higher than ever before they are below the trend line than ran from about 2009 to 2019.

[@clixsyt]

@ Inflation is based on the CPI though which I’m a little skeptical is measuring what the average person cares about.

[@manlethamlet]

0:31 "You've never actually set foot in a supermarket, have you?"

[@Tabby3456]

What? I checked the price of my bananas and its only 90 cents each

[@manlethamlet]

@@Tabby3456 kzbin.info/www/bejne/hJ3CgqyhbqmGi9k :-)

[@manlethamlet]

@@Tabby3456 Most of the quotes shown there are references. Look up "it's one banana what could it cost" on here; I just responded with the follow up.

[@JuanitoK556]

I didnt need this video to tell me that the fucking economy is terrible right now. Thanks TLDR

[@jamesevans1890]

I believe I heard that American family incomes in real terms are no higher now than 50 years ago, so the enormous economic growth has not benefitted most Americans.

[@DustinLaGriza]

Yep, when times are good, executives give themselves raises and bonuses. When times are bad workers get pay freezes and lay offs. Over time, this just leads to CEOs making 400x their employees and still demanding more.

[@sagesarrazine6270]

Me working full time at nearly double minimum wage, brewing my coffee at home/packing lunch, and still running a financial defecit: **Gee ya don't say?**

[@theweirdsideofreddit3079]

Ahh the economy’s struggling, let’s vote Trump in… Trump: implement’s tariffs against imported goods Other countries: retaliates by setting up tariffs against American goods Trump: shocked Pikachu face 😮

[@siohunndai]

These conversations should have happened before November 5th. The fact that it didn’t is honestly journalistic malpractice.

[@Fanaro]

Stocks and GDP are all reflecting the asset economy, which is only accessible to mostly rich people. The rest of the people are basically financing that increase with a worsening of their living conditions.

[@tonysilke]

Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

[@Nernst96]

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@PatrickLloyd-]

I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.

[@RobbieNixon-d1w]

@@PatrickLloyd- wonderful ! thats what I want for myself, mind disclosing info of your advisor here? in dire need of guidance

[@PatrickLloyd-]

My CFA SOPHIE LYNN CARRABUS a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@RobbieNixon-d1w]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@louislux]

Healthcare is a deeply ingrained issue and inflation has affected all developed economies. So it's unfair to blame Biden. And trump will either not address it or make it much worse.

[@doujinflip]

Not all "change" is favorable, as Obama detractors were quick to point out back then. Trump simply had better branding for an ultimately worse platform.

[@960john]

Inflation has affected most economies because of US fiscal and monetary policy! Because USD is reserve currency for commodities, US exported inflation.

[@jess8189]

So, as an American in Texas, I actually calculated our household inflation for our cart from our local grocery store. Over a single year it was 3.29%. Meat saw the highest mark up. Try it yourselves! Very enlightening

[@Natalie45152]

Thank you for your videos mate.... With Trump's presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a nest egg of around 130k to a decent 732k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[@Natalie45152]

He mostly interacts on Telegrams, using the user-name,

[@Natalie45152]

@MiltonHarper

[@kbs734-j8n]

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@AnthonyFisher951]

Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.

[@CatherineMason425]

Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.

[@jacekicksass]

how dare you criticize the economy? Don't you realize billionaires are getting rich off the stock market??

[@GotKimchi]

If you think it's bad now, wait till tariffs come in 😂😂😂

[@24killsequalMOAB]

Good, no more relying on cheap foreign labor that contributes next to nothing in terms of intellectual capital.

[@Fishy-x3k]

Many other countries have tarrifs against us, but no, only bad when trump does it😀

[@Hardcore_Remixer]

Yeah, wait untill tarrifs make corporates bring their production into US and untill the -cheap labor- il.le.gal migrants get deported. There will be so many well paying jobs to afford basic groceries 🤣

[@schtreg9140]

@@Fishy-x3k In the case of China I agree with Trump. They should be tariffed and some manufacturing should be brought back to western countries. We should do this in Europe as well. But global tariffs? That's just stupid. And really unfair. The average level of tariffs for EU exports into the US are already higher than US exports into the EU. In other words, European allies put less tariffs on American products than the US puts on European products and yet we are still demonized by Trump. Not fair. Not cool. But singling out Canada and Mexico and wanting to slap extra tariffs on them is outright diabolical since both are already prioritizing the US economically and are now getting backstabbed by you guys.

[@StadtplanDan]

So a fair amount of US gdp growth has been what I call... shit growth. For instance higher energy bills and food costs could mean higher gdp because it increases domestic consumption, but who would really say that's a good thing? I'd also add that the greater wealth inequality gets, the less meaningful gdp growth means for the average person.

[@GeorgeOzier-gr5zq]

It's fixing to get worser with tariffs.

[@horseman217]

Worser

[@gambitraider5475]

Worsest

[@peterjones5243]

You're economically illiterate, but also just plain illiterate.

[@haydencantthink]

worser

[@DanielJames-w7d]

average literacy of a democrat voter

[@BotswanaEnjoyer32]

The economic illiteracy in this video and the comments is scary. The CPI measures the weighted prices of what people are buying everyday, so higher healthcare costs are already accounted for as well as inflation of cheaper goods. Wage growth is also higher among lower income earners, which can probably explain higher inflation among cheaper goods as well. People are really making up reasons for why the economy sucks without realizing that they are already being accounted for.

[@Cochran-j5d]

Given the uncertain economic conditions, I'm looking for a more defensive investment approach to protect my savings from inflation. I'm considering investing over $200,000 in stocks.what are the best options?

[@DonKiebals]

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.

[@GeertKins]

Speaking with an advisor helped me grow my portfolio to about 65% since Q3 2023, They have strategies that are specifically suited to your long-term objectives and financial aspirations.

[@UYScuti-l6s]

That's impressive! I could really use the expertise of this advsors, my portfoIio has been stagnant. how can i contact them?

[@SusanMarie-o9z]

Could you recommend your advis0r?

[@GeertKins]

*Victoria Louisa Saylor* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@patty4349]

Gee, I wonder how people are gonna like the inflation after the tariffs hit.

[@ZerriJoseph]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@AndrewMikel-js7qb]

I'm 37 and have been looking for ways to be successful, please how??

[@ZerriJoseph]

Sure, the investment-advisor that guides me is..

[@ZerriJoseph]

Elizabeth stark

[@BnazerriKhiid]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@freddiearthur2151]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@JunkRacecars]

You should've mentioned how the sharp increase in housing prices isn't captured by CPI despite being the biggest monthly expense of average consumers. "Shelter" is included in CPI, but the BLS calculates owned/mortgaged house inflation using OER (owner's equivalent rent) which does not capture all the pain and unaffordability caused by ballooning house prices and high interest rates. Homes are viewed as investments and the increase in home and mortgage costs won't be captured in CPI unless rent increases with them proportionally. That isn't the case today and the increase in rental costs has been lagging compared to home prices, so expect to see elevated shelter inflation for a while as rental costs creep up.

[@КонстантинПономаренко-я7я]

Voters elected billionaire who gives tax breaks to rich. So they want to give more money to the rich so inequality is bigger so economy looks even better and they have less money because of tarifs.

[@nickparkin8527]

As an Amazon driver, I can tell you people just aren’t making enough and tons of these people are in credit cards debt and can not pay the bills. The number of people in this position has increased drastically and something has to give.

[@ga7027]

The shorter life expectancy is not healthcare related. It’s lifestyle. People eat worse food and exercise less

[@andrex744]

That falls under preventive healthcare

[@dingus6317]

Maybe they are doing those things because they don’t have the money to buy more healthy alternatives and the free time to exercise because they are working 2-3 jobs

[@efeddwdw9782]

the shorter life expectancy was from COVID-19, its already rising again

[@bipl8989]

@@ga7027 Gun violence, drug overdose and suicide are dragging it down too.

[@manana1444]

@@efeddwdw9782 Covid is not the thing to blame. Look at the stats even before Covid, US was always behind their developed peers despite spending more on healthcare per capita.

[@ChrisPikeEnterprise]

For the next four years I will NOT be watching any videos with Trump on the thumbnail. I suggest others follow suit.

[@markjoseph196]

Trump’s obsession on Tariff’s will only make things worst ..you wait and see

[@WinterXR7]

He wants to do major tax cuts ; the US economy is super strong because the consumer is strong, lower taxes mean more spending and the government revenue can be made up with tariffs. While the deficit will probably increase and global tensions may rise if done properly he could extract a good amount of money. I feel like yall are blowing the plans out of proportion since he’s obviously not going to tariff the country into the ground especially before local industry can develop.

[@thefalcromshow3428]

The tariff is his trump card the tariffs will force us companies to bring back there manufacturing back to us

[@aldeno8055]

@@WinterXR7tax cuts are for the rich not the working class

[@SASMADBRUV7]

The thing you're not realizing is that it's years of pain that might not have the intended outcome. Trump said himself tariffs have to be at least 50% to incentivise building in the USA. But they're at 10-25%. That's just extra VAT realistically. The USA doesn't have the infrastructure nor skills to build everything there. Comparative advantage exists for a reason

[@monadic_monastic69]

@markjoseph196 Yup! and all these recent commenters of yours trying to defend the tariff literally have no idea of econ 101: Trump's Tariff will simply be pass down to the average American. The irony is these same people will usually be caught saying the same thing about taxes imposed on businesses, and how they would simply also be passed down to the consumer. Facts don't care about your feelings.

[@PeopleLoveShorts]

No gold deposits in US anymore just print more and more paper currency😂

[@jiggerypokery2962]

So what your saying is single payer health care system is needed and we need to educate more people to be carpenters to build millions of homes. Also the deficit is down, it was near 4 Trillion 4 years ago.

[@johnc3525]

Gonna be tough to build more homes with lumber prices skyrocketing due to Trump's tariffs.

[@Drecon84]

It's really simple. We have to stop looking at "the exonomy" and have to start looking at the factors that actually make up the standard of living. Once the headlines stop being about "the economy" and they are about things that actually matter it will become a lot easier to actually start working on things that are meaningful to people.

[@andrewemerson1613]

very bluntly people are just more acutely feeling the downsides of an economic system that has been gradually becoming more and more weighted to extract as much from them as is possible while putting less and less back in. then as a knee jerk reaction to feeling it, voted to explicitly speed the process

[@johnhumphrey9953]

I am not surprised. I stated this would happen back in 2019. Such a pity, no one listened.

[@ambessaseway5594]

67% of Americans are 1 paycheck away from being homeless in some states landlords can throw you out in 5 days if you don't pay rent

[@nebularspace]

0:49 fucking great data representation. well done.

[@justinpaul3110]

I've told people that our economy isn't great or awful but merely, "less bad," than the rest of the world. However, just because it's bad economic times in the world doesn't mean that America has to be THIS bad. None of the core issues brought up here are even discussed as causes. The Biden Administration also went on a, "hold my beer," binge spending that put Trump to shame (which was also pretty bad). One thing you should have brought up: Kamala losing was part of an international trend (and if memory serves me right, TLDR reported on this) of incumbents losing elections world wide. Few leaders have managed this post-covid re-start well at all. That's why they're getting thrown out.

[@nielskorpel8860]

Not only that. Having been told that US households take on debt in liue of a secure government safety nets that you might see in other countries. Whether it is households or the government taking out debt to patch financial holes doesn't matter to the total amount of holes that are there to be patched in a given society. You might as well add those debts together. "Gross Domestic Debt" 😄

[@reebeeable]

This is a really helpful analysis. Thank you!

[@meth3rlence]

Before election People: "We're struggling" US Gov/Media: "But the economy is doing great!" People: "So why are we struggling???" US Gov/Media: "The. Economy. Is. Doing. Great.... Do. Not. Question........ Racist." Post election Media: "The economy isn't doing as well as the figures say. People are struggling" People: "........ fuck you."

[@nielskorpel8860]

Not a US citizen. Indeed. Couldn't the American society have allowed themselves to successfully reflect on this reality well before the election? Thanks, -- the rest of the world.

[@Threedogsinatrenchcoat]

Increase shareholder value is literally the legal backbone of corporations, if they dont do well enough wall street funds with majority voting rights can and will restructure every board of directors c suite and slash staffing till they get the high financial projection/return.

[@ognyannedev5979]

Inflation hasn't gone down, it's just that the increase of inflation has slowed. If one year, inflation is 10% and the next it is 2, it doesn't mean that inflation has fallen by 8%, it means that it has only increased by an additional 2.

[@WinterXR7]

Yeah democrats like the skew the numbers for some reason, they use quarterly data instead of overall to make their performance seem better when in reality things like murder and crime are still up when compared to 2016. I mean it’s smart I guess nobody would tell you that under their administration all these things went up.

[@TheFinalChapters]

Inflation is the increase in prices over time. Not the prices themselves. So yes, inflation *has* gone down. If prices were going down, that would be called *deflation.* And deflation is an incredibly bad thing for an economy.

[@jokingbird]

This is exactly why Trump won 😂

[@marknunya3107]

NOW yall acknowledge the truth?

[@nothing21797]

TLDR now feels like propaganda to me, devoid of sanity. Earlier this channel was saying US economy is doing well to support democrats. Now he is telling the uncomfortable truth

[@jokingbird]

Except it has little to do with truth, real wages grew at almost every percentile so why is inflation used as a measure of how the economy is doing, nominal vs real numbers, economics 101. This is nothing but an attempt to placate part of the audience that isn't educated enough/doesn't want to admit the truth 🤷

[@merrymachiavelli2041]

literally, they've said all of this in prior videos - it's basically the same content as videos saying why the US workers are not feeling the benefits of headline growth figures. Also, its not as if they're blaming this on trump. As they said, he isn't in office yet.

[@charng]

high home loan, auto loan and healthcare spending. oh, that's bad for sure.