Why Recessions Happen

[@NicholasBall130]

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[@StacieBMui]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

[@cowell621]

Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.

[@StocksWolf752]

Mind if I ask you to recommend this particular coach you using their service?

[@cowell621]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@crystalcassandra5597]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@MaximilianFischer497]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@MarshalWagner457]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@TicheDebb0]

I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portfolio worth 89k.

[@RowanBryson]

Inflation is over 5% here in the U.S, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@TicheDebb0]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@vince9080h]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@aulex4822]

I’m a 500 year old Golden Retriever from Africa and don’t follow the economy anymore, but man do I love to pop back and watch these videos! Great stuff.

[@highbred]

xD

[@SUDMONEYBAGS]

Hello 500 year old godlen retriever

[@KyleNamiteVlogs]

💀💀💀💀💀

[@thsimpsonsguy]

I was about to say you were lying, then I saw your profile picture of yourself. Im glad I didnt embarass myself pewww

[@muchannel8959]

@Don't read profile photo ok

[@thumpertorque_]

The best part about his videos is a 15 minute video feels like a 5 minute one. They’re never boring and very engaging.

[@firstlastname5146]

Very true ! Love his video's.

[@benink5690]

True, even though he's wrong A LOT

[@MAR_10-x5w]

actually tru, great video...

[@sierram376]

I feel like Johnny Harris is on drugs.

[@stockradamus6018]

​@@gabegabe2452 Saying we will not be in a recession shows you have zero economic understanding. IT WILL be a horrible recession

[@kortyEdna825]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@Justinmeyer1000]

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

[@KaurKhangura]

I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

[@PatrickFitzgerald-cx6io]

Inflation is over 5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@KaurKhangura]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@PatrickFitzgerald-cx6io]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@andrew.alonzo]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@james.atkins88]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[@edward.abraham]

@@james.atkins88 It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

[@Believer292]

@@edward.abraham That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of $550k, which is about 10 times more than I average on.

[@rebecca_burns14]

@@Believer292 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@Believer292]

I'm guided by *Mary Onita Wier* An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

[@Rochelletrem]

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

[@Robert_Seaman]

stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance

[@donna_martins]

Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.

[@ilyaveysman.]

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

[@donna_martins]

Finding financial advisors like ‘vivian jean wilhelm’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@ilyaveysman.]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@JulianMael-us2bx]

Every crash/collapse brings with it an equivalent market chance if you are very well informed and equipped. I've seen folks amass up to $800K amid crisis, and even pull it off easily in an unfavorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[@cythiahan8455]

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 experts or advisors with experience since the 08' crash

[@MarkFreeman-xi3rk]

The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant,,.

[@AntonioBianh]

@@MarkFreeman-xi3rk That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@MarkFreeman-xi3rk]

Margaret Johnson Arndt is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.

[@SophiaChristian-so2of]

Thank you for this tip. It was easy to find your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@claydow-peterson5245]

As an Econ major as well the biggest thing my professors have been trying to teach us, is the economy isn’t a machine. It’s a collection of every small decision of 10 billion people. Good video very informative and easy to understand

[@Laking86er]

Should the media report on the possibility of recession? If economics is by in large due to psychology, should we be influenced into thinking things are going to get bad, thereby creating a snowball effect? What does reporting on a potential recession actually help with?

[@WideAwakeHuman]

@@Laking86er recessions can result from different things but psychology isn’t causing massive depressions/recessions. Fractional reserve banking is the problem. Irresponsible financial practices carried out in every sector from the govt to banks to companies to private individuals is what causes depressions. Printing money and inflating cost/stealing buying power from regular people. Overleveraging is what causes the snowball. One dip happens and no one can handle it because they have so much debt and so little room for error. If everyone would just be responsible, save some money and be prepared and the govt would stop printing money into the system the recessions would pretty much disappear

[@CraftyF0X]

10 billion wtf? Not even 10 bill on the planet let alone that much participating in measurable economic activity.

[@troodon1096]

@@Laking86er With that kind of argument, why should people report on anything? Because people want to know, and people want those people to know. That's why reporting exists.

[@Laking86er]

@@troodon1096To both people who acknowledged me, thanks for the reply. That isn't my position, just a question with considering. The answer isn't black and white within a confluence of factors. I agree the root is certainly not reporting, but psychology can carry a notion to levels it would not otherwise reach. Do you need to know about a recession that might be or might not be happening? What Johnny lies out is that once you know, you (we) make it worse. It's interesting to consider the media influence on the depth of recessive economics. I like to hear reporting on tangibles; things that have happened, not so much about unknown futures. although I'm sure you can find examples of where I'm wrong. Ps reporting is generally done to make money first and foremost, and we know how bad news sells.

[@leondonald]

Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@philipr1759]

Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

[@duane_29]

With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

[@HarrietBemish]

@@duane_29 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@duane_29]

@@HarrietBemish My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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

[@HarrietBemish]

@@duane_29 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@ClementRusso2]

Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2008. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.

[@VickyAlvy]

With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.

[@VickyAlvy]

@Rodxmirixm My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.

[@bananagoose1224]

landlord...yikes.

[@Buttersausage]

Scams lol

[@Riggsnic_co]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

[@bob.weaver72]

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

[@martingiavarini]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@TheJackCain-84]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

Credits goes to "Carol Vivian Constable” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@TheJackCain-84]

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

[@JayBacay]

I just wanna say the animation is amazing! great job to the editors and animators!

[@tonysilke]

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

[@PatrickLloyd-]

You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline

[@PhilipDunk]

money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k

[@Nernst96]

@@PhilipDunk How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@PhilipDunk]

I work with "Vivian Carol Gioia". Her honest approach gives me complete ownership and control of my position, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a fiduciary.

[@Nernst96]

@@PhilipDunk Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@tomgorden4189]

The $4 baguette is on point. My local bakery is selling them for that. Not like I can't buy one, but out of principle, I refuse to now. When you start feeling like you are getting nickel and dimed by everyone, you start pinching those pennies.

[@eyan_official]

The bakery part is the best recession explanation I've seen in my small life.

[@GRAITOM]

Why is your life smol 😣

[@eyan_official]

@@GRAITOM because I just hit 26 and have a bunch of decades to live through 😅

[@GRAITOM]

@@eyan_official ok I'm 23, cheers to the decades

[@MrTaxiRob]

yeah except he left out the law of diminishing returns

[@stargoid670]

Aye lmao

[@yuruyenmorerik]

I have a bachelor's degree in business administration, took a few econ courses, hated it but I'm only NOW starting to understand what economy really is, thanks to your channel! Thank you for simplifying and making it interesting! I love the fact that you don't get into too much detail while recommending sources if the viewer is curious about a specific subject.

[@giornogiovanna3934]

He has a google docs in his description with all his sources

[@a_doggo]

Oh god. You actually fell for this WEF-sponsored nonsense? I don't know how people can go into finance with a US-only degree; brainwashed as heck. Everyone who works at my fund studied overseas - the Chinese econ students understand the economy the best. The American ones need to be re-educated; they think like Johnny. It's frustrating.

[@db-ur6td]

@@a_doggo Shut up, Tankie.

[@Silverarrows445]

I just wanted to point out that recessions don't happen "just cuz". They happen because the bankers, namely the federal reserve bankers, decide every few years to raise the interest rates on government issued bonds. which causes the chain effect of a recession.

[@flyingmonkeiesRus]

As an econ major with a family that has no idea what I do or talk about. I'd love to see more econ terms explained so well so I can share them with my family

[@marvin2678]

as an econ major you should see and point out the flaws in this video first

[@osmarsantanafilho3184]

It’s quite hard to explain to commom people some economics logic. Ppl usually don’t have any patience nor will to understand it

[@johnkeefer8760]

@@marvin2678 While not perfect, it does a good enough job for a very basic introduction. It blurs details etc but they aren’t essential for such a basic intro. If anyone actually wants to know enough about the topic to make decisions on it, they will learn the details he glosses over

[@johnnyharris]

Lots more to come!

[@vedadityaved538]

​@@johnnyharrisJohnny can you make a video on indo china conflict

[@thijsjans5457]

As an econ nerd, I highly recommend looking into the "Malthusian Trap". It's a very elegant model that explains why economies didn't have an upward trend over periods longer than about a century prior to the industrial revolution. Gives you great insight into the dynamics of modern economies.

[@bozimmerman]

Wasn't Malthus the guy who predicted starvation and death forever into the future? IOW, wasn't he basically really really wrong?

[@ZeroX02c]

@@bozimmerman Not necessarily. Thanks to how our economy attributes value with no consideration for long-term ramifications, we've set up a complex system for extinction. It's clear that climate change is currently causing an extinction event right now (just look at the snow crab die-off), and it's clear that it will affect humans (it already is), but it's unclear how bad the cascading effects will be, or if we can mitigate it at all. We may have simply dragged out the "prosperity" section of that cycle for a longer period than ever before, only to take the biggest haymaker in human history. We might be staring down a situation where we literally cannot get back to where we are now because we used too much of our easily accessible fossil fuels. We may have already set up the conditions needed to curbstomp human society in general, but we can't know because this would be the first time ever. What is certain is that, barring some latchkey energy advancement, there is a world of hurt coming in the next few decades for humanity. Malthus looks to have only been wrong in the short-term.

[@jakekennedy6718]

@@ZeroX02c Well here I am getting into youtube comment arguments but... Malthusian trap is not about global extinction. It its an economic theory related to labor participation and production output. His main argument is that overpopulation crowds out the middle class and drives wages down. Even though it might appear that he's right, modern demographic trends in developed countries are actually disproving Malthusian theory. Due to a bunch of factors, birthrates are significantly declining in affluent countries. If you want to put your undergrad hat back on, look up the Lewis model. Its related to "breaking" the Malthusian trap. I find it to be more compelling and more reflective of how society got to where we are today.

[@miamijules2149]

@@ZeroX02c 🙄 No, no it’s not clear at all that climate change is yada yada yada, blah blah blah

[@michaeld4861]

@@jakekennedy6718 But wages are being driven down. You must not be from the US. Also, I thought his theory was about the limitations of production of things like food having a limiting effect on population especially in regards to population density? (Although I haven't really researched it, his ideas were just briefly mentioned in a book I read so maybe I got it wrong?)

[@Lee.Lee.9]

You made this way easier to understand than any of my teachers. Thank you. While a recession seems scary, I have a little comfort knowing that it has happened often and there’s a guarantee that it will pass and get better.

[@tfall]

You have literally condensed my entire Econ 101 class into 15mins. Mike Drop Johnny strikes again!!

[@A3421]

Mic*

[@tom690]

I'm glad Johnny highlights the psychological aspect of recessions. A large part of why recessions happen (or at least why they're more severe) is because we THINK they're going to/are happening. The fundamentals only matter up to a point.

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️

[@acethemain7776]

paradox of thrift

[@scpatl4now]

It's the same for inflation too...you think prices will rise so you go out and buy stuff before it gets more expensive, which in turn causes shortages and higher prices.

[@singular9]

LMFAO this has nothing to do with it. Fake money = collapse, its pre programmed into the capitalist system.

[@scpatl4now]

@@singular9 Wrong...you have no idea what you are talking about...trolling is what you know

[@drewbinsky]

Awesome stuff man, you continued to impress and knock all of us out of our seats

[@Homer-OJ-Simpson]

Hey drew! Love your stuff! Been watching you since 2019 or so. I guess Johnny joined Nebula. Any plans for you to join as nebula? Or are travel videos not a target for nebula content?

[@willzyxOfficial]

This message is nothing but shameless self-promotion.

[@httrtaylor21]

I love that Drew watches Johnny's stuff

[@SFVYachtClub]

Everyone said the recession was gonna happen back in 08 for literally months and months and then it happened and then everyone was like "OH MY GOD WHAT HOW COULD THIS HAVE POSSIBLY HAPPENED???" and then I think all of Bakersfield became homeless.

[@2degucitas]

Bakersfield? Because they had jobs not tied to farming

[@LtNduati]

I was born in 1996, graduated college in 2019 and I feel like there has always been a recession. My Dad is a financial advisor and was our sole provider for most of my life. Recessions scare me, and fortunately I've been fully employed since graduation, and during covid, and still to this day, but I left my higher ed job in March 2022, I'm now at a very large and successful nonprofit and work for the CEO/board. I feel safe, even through a recession, but now I'm relearning the worries that the word "recession" now bring and I'm not sure how to manage this fear long term.

[@MsUnderlig]

this sounds like "financial anxiety", it's always good to have some extra money in case one gets laid off but i think actually the best medicine may be therapy or talking with a friend. It's good to be prepared but it's not good for you to be stressed and have big fear that stresses you a lot. (sorry for the unsolicited advice).

[@MrTaxiRob]

Sounds like your anxiety may have helped you avoid frivolity to some degree, but I hope you are at least able to enjoy your life outside of work and finances.

[@AliceChen]

If you're looking for some good material on financial anxiety, I would highly recommend Ramit Sethi's work. He runs I Will Teach You to be Rich and has a podcast where he talks to people directly about a lot of topics including this!

[@changusakala8949]

Out of all the "what is a recession" videos out there and trust me there are a lot, this is by far the best most straightforward and most easily understood video I've come across tbh. Thanks!

[@Wisudadwipana]

The way you exctract the point of the topics from a lot of resources is stunning, I mean your videos always trigger me to learn more and more. I don't need to mention your animation/visualisation as it is always at it's best from time to time. There's should be a lot of work behind the scenes, can't wait for another videos!

[@Wisudadwipana]

@@togo7022 first of all I never read wikipedia as references man, the good point is this guy push me to search for more information, to find the clarification, rather than just believe on his content. He triggered me to do it. I don’t mention whether his information ‘good’ or ‘bad’. Have you read the references that he put on the description? I don’t see he writing any wikipedia things

[@michalsokolowski5728]

Beware of curiosity stream subscriptions. A few days ago, I got overcharged by them. They charged me more than the advertised $11, I contacted them, and they said everything was correct. For the entire purchase process, the price displayed was $11, but I discovered the difference after looking up my bank account. To me, not disclosing all the costs upfront is an example of a scam.

[@LE-do5by]

❤

[@annaluera1357]

What was the price they charged you?

[@johnsamuel1999]

I think the price didnt include taxes ?

[@kevinv91]

Dude. You deserve all my praise. I can tell how much work you put into your videos. I just have to say thank you for your educational content. You are truly a blessing. Thank you!

[@ZenkaiGoose]

Johnny and his team are just masters of storytelling. Great video!

[@chrislanejones]

Yes, I love the Johnny World creation and story, After Effects is the Shit;

[@emptyhad2571]

I know right buddy I actually worked with the guy once. At least in my dreams not IRL.

[@singular9]

Exactly, story telling, not fact telling. He would never blame the hand that feeds, the fed and the printing press and the american army that protects it.

[@itsytyt5192]

Ghgh

[@Dr.SyedSaifAbbasNaqvi]

Jhonny's videos have been so entertaining. He and his teams have been killing the animations and storytelling lately. 👌

[@mlondishoba4076]

If you had a storytelling with data course I'd definitely buy it. Brilliant video!👏🔥

[@mrsmokingskittles148]

You can buy mine

[@john_doe1st]

@@mrsmokingskittles148 take a hike

[@mrsmokingskittles148]

@@john_doe1st what's the problem

[@natandessie]

This is fantastic. Love this channel. Now I don't feel so bad about a recession longterm.

[@corukvee]

😊😅 😅

[@pakru92]

Thanks for your great videos! Always love to see new stuff from you!

[@Dr.SyedSaifAbbasNaqvi]

Jhonny's videos have been so entertaining lately. He and his teams are killing the storytelling and animations. 👌

[@johnnyharris]

wow thank you

[@etashelinto8253]

Ikr. Johnny’s killing it.

[@crowxar]

@@etashelinto8253 AND his team

[@laszlolee]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..

[@oliviaHill-w4e]

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

[@user-wt6zf4ek9k]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.

[@AdamGreene222]

please tell me how to use this recession to make gains! Grew my reserve of $121k to over $513k btw DEC. 2011 and AUG 2012 but the market is diff now

[@user-wt6zf4ek9k]

@Lofgren Mark I've shuffled through a few advisors but “Susan Bauer Normansell” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..

[@chinochasakara2363]

I literally smiled when you said, "I'm going to be making more videos." lol Love the channel!

[@RealEngineering]

Welcome to Nebula Johnny!

[@KARL-el3hr]

Thanks for explaining this ♥️. I always watch your content & vids not only because they are educational but also entertaining. Watching from 🇵🇭

[@kabewar77]

that was by far the best Nebula ad I have ever seen. Seen a bunch of KZbinrs mention it and I am now going to sign up

[@therbear17]

I’m so excited to hear that you’re on nebula! I would absolutely love to see what kind of content you can produce without worrying about they KZbin algorithm. I’ve subscribed to your channel and will watch all your videos there. Good luck!

[@olivierbringas5819]

As a pre-service teacher majoring in Social Studies here in the Philippines, this video really helps me to understand how economy runs with your simple yet engaging means of presenting it. Thank you Johnny. I will definitely share this to my students.

[@adawg2059]

Hell yeah, glad you joined nebula. Been a couple months since I've been on, but I joined for reallifelore's conflict series. Hope to see some extra content along those lines from you in the future!

[@fllnthblnks9681]

Bro, this is, like, my fifth recession.

[@jakeingram2083]

The Swiss bunker video was awesome, that's why I subscribed. Good stuff

[@Spike.SpiegeI]

both of those services for $1 a month?! I'm in and I hope they help support this new project you're working on!!

[@thavs]

I love that the landlord is just chilling… we all know that’s not a real job

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️.

[@johnsamuel1999]

Not really landlords provide housing and of course spend the money they earn, which stimulates the economy. A landlord has to provide you with housing that fits regulations etc .

[@ethanclark4116]

@@johnsamuel1999 The housing developers make sure everything is up to code and the construction crews build it financed by the developers. The landlords just come in and buy it straight out the gate so they can jack up the price and make a profit on their investment.

[@johnsamuel1999]

@@ethanclark4116 but your assuming that the landlord did not commission the construction. Also when a landlord buys a finished house it gives the developer money and interest to build more housing . The developer is going to keep building as long as landlords keep buying. Plus landlords increase the housing available for renting

[@ethanclark4116]

@@johnsamuel1999 lol why do landlords have to buy the houses why can't they just sell them straight to the people

[@abikrsen3205]

I started watching your videos just few days ago and now I'm clicking on every video of yours that pops up in my feed !

[@rebekahj8662]

What Johnny is missing here is that, at least right now, we are all being price gouged by corporations. Corporations have made record profits this year, and are passing on the costs of their private jets and bonuses on to us. This isn't just happening with optional goods and services but for necessary staples, like groceries, that have typically been stable. This recession is due to greedy corporations, it's not because folks are worried that they should save some money because of the war or whatever. Infinite growth is impossible.

[@Biker790]

I really really wish this had been addressed. It's kind of fundamental to our current situation.

[@Tommyownzz]

What would you expect, those videos are basic af

[@saadcringe]

you know, muahs

[@LucasRicardoBarbieri]

yeah! let's expropriate corporations profits to be redistributed between the people! for sure that will work!! As in URSS, Cuba, Venezuela, Argentina!!

[@saadcringe]

@@LucasRicardoBarbieri read, and then you can talk

[@sandyboyd7040]

Hey it would be amazing if you did a video exploring the ideas of a post growth economy or a degrowth economy. The idea of getting off the road of constant economic booms and busts and also one that potentially provides a solution to ecological destruction and the climate crisis. Would love to see your analysis of these ideas and what they could mean for the future economy.

[@bunnyben5607]

The transition to post growth economics (inevitable) will probably be marked by widespread contagion in companies unfortunately. Every company on the planet is at least partially predicated on infinite growth, and post growth is going to cause the mother of all shocks.

[@cclambie]

Love to see @Johhny do a piece on this. Maybe bring in some ideas from Utopia for Realists by Rutger Bregman

[@juanthefather]

Literally watching this 9 months later

[@LimboGene]

I think what people are scared of the most is the unknown. By clarifying what a recession is, this really raises a lot of hope and puts the scene into light.

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️ok

[@markstrom3630]

It’s worse than we know we can only base what we know off history an economic collapse is coming we have very little manufacturing here hyper inflation fixed interest rates artificially deflated and so much corruption

[@BigMoTheBlackDragon]

Hope is the worst thing ever. There is no hope. That is a false god that needs to be slain/relegated to myth status.

[@yvonneplant9434]

Jesus. Just effing review what happened 2007-09/10.

[@Peritye]

well yes. fear of the unknown is the biggest fear of humanity. its what drives us.

[@Add50326]

These videos are never boring and one of the most interesting and educational videos that I can find online. They are very well made not too long not too short the right length with the most amount of information.

[@hans7743]

This was a description of a demand induced recession, the recession we’re potentially looking towards is a recession caused by inflation/higher interest and energy supply issues

[@BlackfeatherTanfur]

As for layoffs, they're very much here in Silicon Valley & SF. Most of the big tech companies have had massive layoffs (thousands impacted, for each of the tech giants). And I'm not even including Twitter, whose layoffs aren't as far as I can tell, related to the overall economy. It's scary as I'm an unemployed engineer living in the Bay Area.

[@benjaminfarrar5099]

Such an awesome news that you joined Nebula Yourself & TLDR news are two of the most brilliant channels deconstructing the world and society so we can understand more of it

[@Jleannifer]

I absolutely LOVE LOVE LOVE your videos! I'm quite the curious person & the content you post cover such a vast number of subjects & loaded with information & u actually list references, as well? I'm big on trusting the sources of where "facts" are coming from & I consider your info a trusted source! Thank you for all you do, sir! Keep up the good work!

[@coasteringkid]

Watching Johnny's growth on youtube after vox borders has been amazing

[@justicereborn8296]

Literally the only educational channel that's not useless entertainment for clout. Earned my sub!

[@therenzix]

I really appreciate that you mentioned your sources so many times

[@NunoSoares22]

Johnny Harris you are BRILLIANT! Congrats! Love the way you explain and communicate! Keep it up!

[@truth.speaker]

He would be even better if he erased the scammers from his comment section

[@centralbears3010]

Johnny - you are such a smart journalist. your communicaton skills are excellent. you study and covney information well. thanks

[@rishabh.malviya]

I think you should also touch upon the role of credit and borrowing in causing recessions. It's one of the main reasons we have recessions now that we didn't before

[@taycalvin5758]

it's the govt doing that. they are in control of how money get into the economy for everybody.

[@jonrolfson1686]

One of the ‘rules-of-thumb’ for the identification of positioning along the economic cycles graph is that ‘Employment is a Lagging Indicator.’ Lagging Indicator status means that, all other things being equal, firms are somewhat reluctant to cut employment early in a recession and tend to be slow to expand employment early in a recovery. Differing balances among other drivers of the cycle may eventually be identified and quantified in their effects on the depth and rate of slowdown and recovery. Demographic change, specifically the aging out of a very large cohort and its replacement by a somewhat smaller cohort, may tend to soften this particular down-cycle’s impact on unemployment. The combination of training costs and costs related to industrial reshoring and expanded capital reinvestment probably should be expected to slow or flatten the rate of recovery.

[@mrpablomx]

Whoa 🤯

[@danphillips6399]

Ceteris paribus

[@jonrolfson1686]

@@danphillips6399 Rather more dismal than science, is it not?

[@danphillips6399]

@@jonrolfson1686 yeah but it does force producers to create products more efficiently and it also shows that actually the markets are competitive and that actually you should make products that appeal to consumers

[@jonrolfson1686]

@@danphillips6399 You are quite correct sir: Efficiency and understanding of one's market are sine qua non. That is a feature, rather than a but.

[@t.j.sortino7844]

As a once working Head Baker that ran a very succesfull bakery in the Seattle area for over a decade, until the recession I appreciate this example used to teach modern economics so much!!!!

[@maddwhissp7092]

This will happen mainly in europe, after the oil/gas price cap, corruption in the eu parlament, high inflation.

[@john.n.5980]

🙌🙌🙌

[@entropie138]

As a college student, even I get mystified by the concepts of recessions and economic stuff. Great video. Made things a lot clearer and (a little) less scary.

[@ChrisEOlive]

The economy, how money and capitalism work are better expressed in this 12’ video than an entire year of high school macro economics class. Really well done. Seeing the graph before the Industrial Revolution and after is absolutely 👀. I do think the transition from Industrial to Digital which represents a transition from physical to virtual will change the economic equation. And I think that’s why this last “recession” is different and has different markers. I think we are undergoing Transition and not necessarily Recession. Call it “Transcession.”

[@stevenarnold5151]

I'm glad Mr. Mitchell History came to your defence after the European History video. Keep up the outstanding work!

[@Redarmy1917]

Are you talking about part one that was insanely biased and just told flat lies, or part two that didn't just flat out lie about global history?

[@jackmiller1561]

Mr. Mitchell History is very underrated!

[@Cloudthinkk]

This is super relatable- and the example shown is a bakery- which is exactly where i chose to spend less money, because usually the donuts there were 80c now they are 1.25$ so.. this video is so relatable making it understandable.. my point is- I agree with him, and I really want those donuts, but I dont want to spend.

[@Lana-ro6cb]

Life is so much bigger than a donut, Susan.

[@Cloudthinkk]

@@Lana-ro6cb mhm, just a way of saying "this is understandable and relatable"

[@Homer-OJ-Simpson]

@@Lana-ro6cb but it’s about hundred such buying decisions we make each month.

[@tetuhi9789]

Wow freak when 11:44 when he said "u might be watching this in 9 mnths and we might be already in it" so I had a look, I whole new born had entered the world since this got published my NIECE she was born a week ago...... my mind blowin

[@cyon5760]

Thank you for putting all your sources in the description, unlike other KZbinrs.

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️

[@robin_fang]

Nice video, would love (as an economics uni student) for you to go deeper in economic theory, such as the yield curve inverting and other signs too!

[@rustyp69]

read Karl Marx and listen to Richard Wolff

[@Homer-OJ-Simpson]

Johnny, when did you become part of Nebula?? I joined 2-3 weeks ago and didn’t see you. I’m glad you joined because nebula has so much potential if enough get involved. I’m liking nebula for the exclusive content so far as well as no ads. If enough KZbinrs go to nebula, we can see more content that doesn’t have to be careful of stories that YT sponsors support.

[@phodamentals]

Good stuff. Also recommend "Economics in One Lesson" by Henry Hazlitt and "Cooperation and Coercion" by James Harris & Antony Davies.

[@paolaanimator]

I loved the animation in the video! And I can say I am feeling the recession especially with buying food, the prices is going up, along with rent. I live with my family, post college grad but so far no luck finding a job, only gigs. It's pretty rough. But I hope things will get better soon.

[@MattTucker]

I love the animations, really keeps things engaging and adds a depth and entertainment value.

[@ayushjain8265]

Great content as always Johnny! Just signed up for Nebula, amazing value. Can’t wait to watch your Swiss bunker series and upcoming Nebula powered series!

[@RyanLeeBanks]

This is a brilliant video for dummies like me who hear this economic lingo all the time but actually have no idea what it means... very well explained!

[@SudheendraRao26]

Who is watching this video when things have started to go south.. 2024, start of dip

[@alphadream953]

I can 100% vouch for subscribing to Nebula, some amazing stuff on there, maybe even the best informative content you can get anywhere

[@myliveroom]

This is the best video I have seen explaining recessions, and I understood it. WAOOO!

[@mohamethseck]

Who ever makes the music for these videos is killing it 🔥

[@897aa33]

I think bra will looks good on you

[@floralee1645]

I think it is a lot more complicated than that too, especially when you factor in disposable income shrinking due to stagnated wage, price gauge, inflation and etc. In theoretical economy your pay should rise with inflation, and that is achieved through workers take/not take the job or strike. However, strikes and unionization had been stamped down for decades in the US, so the wage for certain occupation has not been rising. Thus, you have a lot more little households that have shrunken disposable income that is extra vulnerable to inflation. Tbh, for middle class maybe the psychology of economic downtown affects the spending the most, but for lower class or even middle lower, economic downturn literally squeeze the amount of good you can buy, even essential goods. However, people tend to only talk about the psych part during Econ101, which is very interesting.

[@taycalvin5758]

it's the govt doing it.

[@taycalvin5758]

the u.s currency is one of the strongest in world. it might be the strongest. 70 plus percent. it's to high for it to even be a lower class. 20 something years of being stamped down. just crazy. why the govt doing this. is beyond me. i believe most people are poor in america now days. the middle class is like half way done at this point.

[@lq6424]

I'd loved to see an update video of this, to see what's currently happening in the economy.

[@thetrison]

This feels like an award winning explainer that can replace so many economics classes worth thousands of dollars each. Thanks, Johnny.

[@justENM]

Did u get it instantly coz i got Curiosity but not nebula idk why tho used "johnnyharris still???

[@TheDailyBA]

I'm SO STOKED you're on Nebula. What Sam et al. are building is so cool for us nerds who always want to learn.

[@Timmycom]

Wow. Finally I understand. One day I wanna see you make a feature length documentary where you're able to go down these "rabit holes" you keep talking about. Big fan. Please don't stop informing us.

[@danikeir]

Admittedly I'm not a professor of economics but having been through 2008 as an adult and now experiencing 2023, I feel that the government set a tone that even if banks where irresponsible with their investments and loans if the bank was big enough it would get bailed out... Now we see an insane amount of investment firms buying up all the real estate and I can't help but think they're over investing with the hope that taxpayers will bail them out again when the chickens come home to roost... But that's just me.

[@RichardMoore-jg5tl]

I believed everyone loses in a recession, but some make millions. Similarly, not everyone went out of business in the Great Depression; some started new ventures. In summary, tough times bring losses for some and profits for others, rooted in the right mindset. Now, as a beginner, I've saved $220k for the future.

[@RossiPopa]

During a recession, investing in businesses with steady demand like consumer staples, utilities, and healthcare companies is effective. However, expertise is crucial, and a financial advisor is highly recommended for making informed choices.

[@RusuSilva]

Since 2020, with an investment coach, I follow a high-profit blueprint, using both long and short strategies, reducing risk, and benefiting from unique data and analysis, making underperforming nearly impossible.

[@FusunTumsavas-cq7tp]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success.

[@RusuSilva]

Karen Leigh Owens is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@FusunTumsavas-cq7tp]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@ELYOYIS831]

An oversimplified explanation of recession. That should be the title.

[@stephenmartin1728]

Really enjoy your content! Maybe, though, the descriptor of “voodoo magic” could have just been “magic”? Thanks for the thoroughly researched and engaging videos!

[@aravinthan1995]

Dayum those AOR22TT Bots taking over 😮

[@aunurrifki2866]

OK no commercials skip anymore..... outstanding job Bro....

[@sefagencturk1886]

This week is hell and a bloodbath can happen but why we don't discuss the fact that Amazon also released their AOR22T in it? Always two sides of a coin

[@fenerbahceninyeri]

Holy did they really put that up?

[@SamiGAMING-hr3kn]

End of the year finally some hints of revival. I thought we go 10k or lower and now this is 17k and we can jump 20k for real

[@omeray7385]

With this launch even the biggest doubters should think again

[@Miz751]

I got invited to this yesterday and went in. Bearmarkets are dreams for scenarios like this one

[@mertcoskun6476]

Check the graph you can really easily tell what is going to happen next days now

[@tiendang7531]

Johnny I love your videos. Good visual storytelling. Quality economics knowledge. Diverse topics. Generally very well made. Also, the fact that you manage to squeeze in sponsor video & subscription discount is what capitalism all about: specialization as a competitive advantage (video making), market efficiencies (the internet & youtube platform is perfect for economies of scale), cut marginal costs (each subsequent video is better in quality & cheaper in price), return profit. Make one video & collect royalties forever. Much more efficient than traditional business model where you sell commodities & individual product (bread, etc.) technology is truly disruptive innovation! Well done mate

[@antonrochniak9755]

Thank you! You have a talent for explaining complex concepts in a clear and straightforward manner.

[@imcraigo]

I just signed up for Curiosity Steam and got the Nebula access as well using your code. I hope that helps, and all the best with the big documentary you want to do Johnny.

[@justENM]

not me idk what happened ???? F

[@NSRider24]

@justenm3751 I also didn't get the Nebula access email...

[@jameslim961]

I didn't get Nebula access either.. could it be blocked by any chance?

[@tracyjohnson4469]

Neither did i

[@imcraigo]

Hello, I saw your messages and thought it would be prudent for me to say that I gained access to Nebula via an email which was sent to me after signing up for Curiosity Stream. At first, I couldn't find the email, but I used the search bar in my email and looked up 'Nebula". I then clicked its link and registered with them using the same log in detail for Curiosity Stream. I hope that helps and all the best.

[@catalyst429]

you're the first youtuber to actually convince me to buy curiously stream and nebula haha, im happy to support! I hope I get to see that documentary!

[@nunyobiznes]

Yes Johnny, we understand! And we watch the WHOLE thing. Stay frosty💯

[@FreeHugsForYuuh]

Just signed up for curiosity stream 😊 can’t wait to watch your new vid tonight. Love your videos!

[@897aa33]

Don't forget to put lipstick on

[@slavaukraine716]

@@897aa33 wow, try and be a dick why don't you?