October 2007 vs. October 2024 (Similarities Are SHOCKING)

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  • @stickyfingers02 says:

    Thanks for the video George. Need something to watch while I eat some dinner. Already know it will be great content as always!

  • @thebigcheese3489 says:

    Very similar except I’m drunk and the kids look impossibly tanned

  • @bbustin1747 says:

    Economy so damn strong …. The Mensa members at the FED had to cut .50. 😂

  • @mutantryeff says:

    A skunk is a very strong animal and a gorilla is a very strong animal. What is our “strong” economy more like?

  • @blumflorence753 says:

    Gold and Silver, that’s it !

  • @rampy4963 says:

    Inflation is baked in long term rates because of the debt. Its almost guaranteed the gov will be printing money, no matter how depressed the economy will likely be….

    • @bostonfrank6739 says:

      I know what you are saying, but they were printing money & running a big deficit in 2007-2008. T debt yields declined & stocks declined

    • @Yoshinomic-hm8hf says:

      ​@bostonfrank6739 they didn’t start QE until end of 2008

    • @mikaellavoie6811 says:

      Yep the real question is how long will they be able to continu to do it, because then, and only then, we will have that historical crisis. All the other one in between will only be merely inconvenience used to bleed us bone dry while lining the pockets of the political parties friends.

    • @Jayllemz says:

      Back then Debt to GDP was 60%. Now 120%. Big difference

    • @jimbobarooney2861 says:

      That’s it you got it, plus there won’t be a banking collapse, so a GFC recession without the GFC part

  • @Thisishard2333 says:

    And today as usual they tell us more people filed for unemployment since Aug 23. Only a few short weeks after they say we had record jobs created.

  • @bennyc6021 says:

    As usual, a great in depth analysis of the situation. Thanks a lot.

  • @Fastapproaching says:

    That’s why history always repeats itself they follow the same book

  • @SaintCuthbertoftheCudgel says:

    There is no such thing as “an expert in the mainstream media.”

  • @PeacockRhino says:

    The experts thought the economy was strong in 2007 as well… the handful who saw what was coming were dismissed as cranks and doomsayers.

  • @davidcollins8150 says:

    Key difference. – election was 13 months away in 2007

    • @skyvenrazgriz8226 says:

      So does this makes it better or worse ?

    • @raptorjesus959 says:

      @@skyvenrazgriz8226 To my eyes, WORSE.

    • @ekremvkilic says:

      Key difference – Oil was ripping higher, more than doubling in price between Jan07-Jun08.

    • @raptorjesus959 says:

      @@ekremvkilic That’s true, but its just ONE factor of the economy, i think this time we dont need too many other excuses for the bubble to pop unfortunately

    • @johnhenryreber2501 says:

      ​@@skyvenrazgriz8226the have more incentive to lie and make the economy look good. Dont trust anything the Fed or Labor statistics people or jobs reports because they lie and lie about them

  • @ElvisSirinBo says:

    If you’ve achieved any financial security, savings, owning a house, a pension…. you’ll find these are going to be a financial burden around your neck….. they’ll tax you to oblivion..

    • @collinsmack says:

      I paid $1900 last year in property taxes and thought that was highway robbery.

    • @BrentJ.Sanchez says:

      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.

    • @Grey-y6u says:

      One lesson I’ve learnt from billionaires is to always put your money to work, and diversifying your investments.

    • @Grey-y6u says:

      In light of the global crisis, rising inflation, and economic instability caused by inadequate governance, stocks, ETFs, Mutual funds, and REITs, assets can serve as a viable path to achieving financial independence

    • @Pfluegerr says:

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She’s helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @MoellerEngineeringCo. says:

    Great video George. The entire world is a clusterfuck.

  • @yahnferral9163 says:

    Nothing improved since 2007-08. So much was exposed and people went back to sleep.

  • @mikionos says:

    Yellen is really the one calling the shots, not Jerome. The cut was done only for the political boost.

    • @Micfri300 says:

      And she will be the one against it once trump wins because that will show the Democrats ruined the economy.

  • @lillyvazgueztk1410 says:

    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.

    • @Watersbill89 says:

      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.

    • @JateStones says:

      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.

    • @Watersbill89 says:

      I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08′ crash

    • @Dylancool8048 says:

      ​@@JateStonesI’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.!!

    • @JateStones says:

      I don’t really blame people who panic. Lack of information can be a big hurdle. I’ve been making more than $560k passively by just investing through an advisor, and I don’t have to do much work. Inflation or no inflation, my finances remain secure. So I really don’t blame people who panic.

  • @MarieCulnan says:

    As an investing enthusiast, I often wonder how top level investors are able to become millionaires by investing. I have $300k ready money to fuel my early retirement goal, but lack the ideas or strategies on how to go about it. I’d appreciate valid tips.

    • @AlbertiniCaputi says:

      forever dividend payers are the holy grail of investing and region does not matter if you research well

    • @KerryWashington-qg2ky says:

      there are actually strategies that could be put in place for colossal gains, but such execution is usually carried out by financial experts

    • @mayersb67 says:

      Right, I once downplayed the role of advisors until suffering 40% portfolio loss amid covid-outbreak. At once, I consulted a license professional and my portfolio got revamped thankfully. As of today, I’m just about 10% shy of $1m after 100s of thousands invested.

    • @AdamHart-c8i says:

      @@mayersb67 sounds good! how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i’m an absolute newb… mind if I look up your advisor please?

    • @AdamHart-c8i says:

      very encouraging for folks starting out like myself, who is your professional help please? in dire need of proper asset allocation

  • @TexasMudbug728 says:

    Half of YT is screaming hyper inflation, the other half is screaming market crash

  • @mariasimpson9628 says:

    The most significant lesson I gained from the stock market in 2024 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key

    • @jennpersin294 says:

      Certainty eludes everyone; thus, it’s vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.

    • @christinajurado9180 says:

      Honestly It’s crazy but I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market’s direction and adopting a straightforward, disciplined approach

    • @filipxavier1041 says:

      Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.

    • @christinajurado9180 says:

      Well Nancy Magaret Delony is the licensed expert I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @filipxavier1041 says:

      thanks for putting this out, it has truly rekindled the fire to my goal…

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