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Inflation in SERVICES is beyond belief! IF you can find a qualified electrician or roofer, you’ll be paying tens of thousands of dollars – upwards of $140 per hour.
That’s mc donalds server money
Not inflation. Supply and demand dynamics.
@@alantheusthompson5594 They are the same thing. When the money turns bad, people stop wanting to work hard for it, decreasing the supply and causing the price to go up. It is a big factor in why it is so hard to get anything done in a 3rd world economy.
And Sam Altman will not replace them for sure 😅
50$ min wage cali!!!
whats the cpi on taking care of illegal immigrants.
High, but who cares as they all illegally vote for good old Uncle Joe and the other America haters.
Consequences of a dying currency, will continue to worsen exponentially
It’s awesome when you own rental properties!!!🎉🎉🎉
@@Focusonyourgoalstoday You’re a sitting duck. Desperate government will try to blame landlords for rising rents and impose rent controls.
@@grugnotice7746 I don’t care. My cash flow is already awesome. if they impose rent caps then advertised rents will go up because there will be NO supply for renters. Good luck with rent caps, they actually benefit the landlord. 😂
Thank God that you are not in Argentina and Venezuela.
@@pedros1 it’ll happen all over the world soon
Inflation usually comes in waves and we are at the beginning of wave two.
Because they gave $$$ to Open AI and Nvidia guys 😅
Thats interesting maybe thats how it eats our money away to pay for the gov spending
It comes when Demorats steal elections and fk up the Country!
So what’s it’s name. This first wave was joe camel. Second wave is it LA Venezuela
Liberal comments are almost as coherent as their puppets mumblings…
Add millions of illegals with multi billions of free tax payer dollars to an already stresses supply chain. What could go wrong?
FJB!
Stupid policy 🙄
Brother in Christ illegals pay more in taxes than they receive. You can’t apply for benefits as an illegal. Unless you’re referring to legal asylum seekers?
Most legal Americans pay less in taxes than they receive in benefits. This is why the socialists are in power.@@DrakeDealer
@@DrakeDealerhe thinks that the asylum seekers dont have to apply for work visas , also i bet he doesnt know the stat of how many asylum seekers are sent back… ill give ahint its over 80 %
When George Gammon post videos on back to back days you know the world economic downfall is imminent.
He’s been calling for a crash since 2022, got it and wasnot content with 20% down and technical recession… Bears like him will be wrong for years, get a quick correction like covid and then say they called it. He’s only hurting long term investors scaring them in the short run from investing… sad.
To be fair, the value of the S&P 500 still hasn’t returned to pre 2022 levels lol. Pretty unusual isn’t it?@@UnderTheRadar-cc7we
He’s been saying its imminent for years now. He’s a broken clock that somehow skips over the right time just to be wrong again.
I mean at 4:35 you can see how George just got something very basic totally wrong. They’re showing the worst offernders in these categories ordered from the worst to the less worse items. Its a weighted average too. George really thinks they just F’d up the math here and got 1.2% from a bunch of higher numbers? NO, FALSE! Its possible some items on the full ordered list were actually NEGATIVE and dropped in price.
This is just basic confusion and inability to read some simple statistics. Maybe if George was lacking sleep or feeling under the weather this could be excusable, but either way this was just embarassing
Look at the commodity markets. Orange juice, cacao, feeder cattle, and more are at all-time highs.
Makes sense. We’re in a secular commodity bull market.
farm commodities such as grains are well below pandemic prices however Inputs to grow them are up 100%. Farm bankruptcy will sky rocket in 2024 in US
Also employees expect you to tip for everything. I usually pick up restaurant food as opposed to dining in to save on the tips. Workers have been giving me a look for not tipping for picking up my food. Or not tip when I’m just buying cupcakes. I only tip taxi drivers and servers at restaurants, that’s it.
No more than 10%
Tip your servers and taxi/uber drivers well. Tell everyone else to gfy. PS I tip hotel room cleaners too but you have to be careful because the managers go room to room before the cleaners sometimes and steal the tips.
don’t forget to round up your purchase while working at the store doing self checkout. charity shame!
Pulling that money out from savers account for treasuries to get spent into the economy now by non-savers further erodes the savers purchasing power.
5.39% from treasuries is ok for savers
No nation has ever survived government over spending ever.
With no Borders!
@@commonsenseisntcommon1776 or leaving the values that nation was founded on.
Japan?
@@snake10566 na part of the US
@@snake10566they are such an interesting case when it comes to that
Whenever I want to sober up, I watch a gammon video.
Great content! as the world crisis progresses the smartest thing people do lately is building a strong investment that isn’t controlled by the government. Like digital currencies.
That’s really interesting! I’ve been thinking about investing in digital currencies lately but wondering how to do it, do anyone have any thought on that?
You’ll need the assistance of a professional to avoid loss
Thank so much for the advice do you recommend any professional ?
Yes I do recommend Kimberly Jane Carl
Would love to see what the CPI looks like when adjusted to the legacy CPI-U, the results are scary…
I heard the number 17%
@@susanrocksvold534Not a Yank, Singaporean. Believable.😊
I rarely dine out. I spent $20 at Panera Bread for a sub and drink last week. Crazy.
I have been preparing for continued food inflation- long term isn’t good. It’s a learning curve to get past, but growing and eating what i produce is the only way i know to beat both inflation and taxes. The one down side is the increase in property taxes, but i figure that to be a premium for the safety of being out of town. However, it really is a deterrent to building anything.
Fasting does your pineal gland good
Praise God🙏☀️
car insurance is skyrocketing to pay for the increased price of cars when they are damaged. The New EVs cost huge to replace the batteries when they just get a little bump.
Even if you don’t have an EV, your insurance goes up to pay for the other guy’s.
Why not in Europe. I still pay the same insurance as years ago. lol U muricans are weird.
Don’t forget home insurance. Our home owners policy goes up at least $100 every year.
@@MagicSwizzleprobably because of the increased likelihood of burning down the house down from evs
In “food at home” inflation, George forgot to show us that cricket burgers are down 50% in price… so there’s nothing to worry about!
I solved the inflation problem by swapping out all food for different water from various taps in the house. Turns out I no longer am starving to death due to cost. Thanks Uncle Sam
A lot of trader seem to believe that inflation is an excellent time to buy stocks, mutual funds, and other equity-based assets, even when safer cash-like alternatives like Treasury yields pay well. I’m not sure whether to put my $400k savings into my stock portfolio, but I’m considering it.
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
This is why having a solid plan is essential. My $510k portfolio, which just had a 100% increase from early in the year, is well-matched for every market season. My CFP and I are working toward a more concrete target for 2024.
@josephbush That’s impressive! I could really use the expertise of this advsors.
She’s known as ‘Heather Lee Larioni’. One of the finest portfolio managers in the field. She’s widely recognized; you should take a look at her work.
I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly.
My wife and I budget $900 per month now on food. We cook everything at home, restaurants are a dream of the past. The Wok Dinners are becoming a regular fare; rice, pork, assorted vegetables. We are buying cheaper cuts of beef, pork, and chicken and are limiting serving sizes. Filet, Prime Rib, and Rib Eye Steaks are a thing of the past.
There’s three of us and we spend $500-600 per month. Must be the state you’re in. I’m in Texas. I know my NJ friends are losing it. That’s why I felt in 2005.