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Judging from my online sales.. It feels very recession
What do you sell ? What is the drop you see
I wish everyone the best of luck! 😊❤
We’re gonna need it.😉
I’m sitting on a half full flight on a normally busy route as I watch this. My own personal leading indicator is butts in airplane seats, and it’s screaming recession.
consumer sentiment numbers say you’re in the minority
Perhaps people canceled because if it’s Boeing, we ain’t going
The “numbers” are a sham and always have been@@grimaffiliations3671
The numbers are cooked.@@grimaffiliations3671
Consumer sentiment says credit card and car loan payments past dues are rising at a fast rate.@@grimaffiliations3671
Recession started more than a year ago per my sales of discretionary items. All the economic indicators indicating otherwise are managed and manipulated to maintain a potemkin facade.
Yep, business dipped in the spring for me, fell sharply in the summer, and hasn’t recovered since
if ..it’s a duck.
I love the evil laugh you make when you talk about the financial market. It’s like a cheery warning that impending catastrophe is coming. 😀
“central planners are so clever…” Great line George. This is probably the most important insightful video you have produced – thanks.
Don’t forget this administration changed the definition of a recession.
no they didn’t, and this doesn’t fit any definition of a recession
@@grimaffiliations3671 Yes, they redefined a recession.
@@17noneya they didn’t recessions in the states have always been called exclusively by the NBER
Yea they changed the definition of vaccine too.
Sniffy would never do that…
IMO “They” wouldn’t never let a recession, market crash, economic crisis, or what you wanna call it, to occur in 2024 because of the presidential election. Maybe in 2025.
where you not around for 2008 or 2020?
@@grimaffiliations3671didn’t Bust print to avoid recession?
its an incumbent running, and 2020 was covid. bush was not running for re election@@grimaffiliations3671
@@miseseconomics pretty sure both Bush’s left office wit a recession
If you watch the video you notice in 2008 “they” knew we were in recession in 08 but waited until december (after the election) to announce it. Probably something like that now. Especially to blame it on Trump.
2008 houses were selling for 100k here in CA now 2024 a lot of new cars selling for close to that
inflationary recession
My Barometer is a local auction company that sells all your stuff when you go broke or abandon your business , and they have plenty of active auctions now !
Recession is when your neighbor loses their job,
Depression is when you lose yours
How did you know my neighbor lost his job ?
@@markme4because he knows you’re next😢
@@ninjazzrhythm400 I will be laid off this year
This looks more like the lead into a recession rather than the actual recession. Government spending has probably held off the start of the recession, however, the impact of higher debt levels will start to unnerve people at some stage.
Bingo 🎯
Sitting on a very generous cash pile and getting TLT and TMF on sale. I’m not selling my long positions yet , I’m waiting for that confirmation after rate cuts.
Ditto. Sell the first rate cut as they say 👍🏻
Another thing you forgot to mention is that the job numbers have been consistently revised down for the last twelve months. Everyone in the msm hypes up the number of jobs created but they always get revised down later but no one pays attention to that. America is losing full time jobs but the people who had full time jobs are now working multiple part time jobs to make ends meet which is not a sign of a healthy economy.
Don’t forget that 25% of jobs created in 2023 were govt jobs
Nicely integrated and well explained. Thanks.
Great explanation
Thanks George and rebel crew
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventuality, that’s how some folks’ been averaging 15% every 7week according to Bloomberg
Predicting short-term market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $850k in the past 10months.
I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.
Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Pls who is this coach that guides you? I’m in dire need of one
Great video! It’s only a matter of time and the naysayers will be proven wrong
Im only 50, travelled & lived in multiple states. I’m not rich but I’m on the fiscally sound side of upper-mid class watching people drop in standard of living all around me.
Observations around me–no charts or stats.
Homeless: way higher then I’ve ever seen. Everywhere.
Cars towed: higher than I’ve ever seen.
Multiple cars parked in front of single fam homes (moving back in, sharing rent/mortgage, etc.) way higher than Ive ever seen.
Cost of food (eating out and groceries).
People I know or know of with a second job: Higher than Ive ever seen.
People I know of out of work but subsidized by gov, or credit, or both: as absurd as I’ve ever seen.
The ridiculous amount of brazen shoplifting, “porch pirates”, shoplifting counter-measures, store closures from theft: worse than ever and trending strongly in the wrong direction…
So I’m gonna use all the un-scientific evidence of just “observing things around me” to say…
Yeah, we’re in a recession.
There’s a lot of delusional/dumb credit still splashing around, and a decent amount of people who already made their money, or have good jobs, or dual incomes that are relatively uneffected or in industries less hurt as of now and still avoiding layoffs… as of now…
Still, its just fancy window dressing.
It’s nasty out there for the vast majority.
I think the lag and “nervous system response” of our economy… plus a media that is based on shock, that cant see a bout 48hrs in either direction that reports only the immediate present with skewed or zero context… well, just aren’t admitting we are in one.
Then when we do, as a nation, millions are going to be clueless as to how it happened, and willing to do ‘whatever’ to make it go away. 👈that’s no bueno bro.
In the construction service industry, covid $$ is just about gone, we have guys sitting the bench, more to come, people don’t realize how bid covid money kept things going, We installed, updated, expanded so many building functions in the name of covid, if the bulk of people found out how much covid money was shilled out to a certain voter base, they would be extremely sick