IMF Issues NEW WARNING ON INFLATION!
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- Опубликовано: 15 окт 2024
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We all know that we were lied to with inflation being transitory now that it has fully taken its toll on the economy and peoples monthly budget. The IMF just issued a new warning on inflation about how interest rates are likely to stay higher for even longer as inflation has been very stubborn to come down and may likely even continue to rise in this current economy.
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you look hilarious eating dinner on that tiny little portable table - that's not how you actually eat dinner... is it?
The stock market is a total joke, it runs 100% on technicals. Nothing to do with fundamentals, when it pulls back 25% then the rich fat cats will agree we are in a downturn.
@@kreed445Seriously dude?? It's a glass dining table. Anyway what difference does it make to you what kinda table he eats on?? Good grief. 🎯
If your over paying for car insurance. I would look at their driving record 1st😅
Probably accidents, speeding tickets, DUI, other moving violations, etc.
I have never been in a wreck, speeding ticket, nothing!
I have state farm insurance both home & car. My car insurance is under $70 a month. My homeowners insurance is around $200 & l pay that quarterly.
Guess some these people should MOVE! If you can't afford where you live.
THEN MOVE TO A PART OF THE COUNTRY YOU CAN AFFORD! HELL-O PEOPLE!!
I see you're working on that tan.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Sonya Lee Mitchell 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.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, and rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my million dollar bond and stock account.
Concentrate on two main goals. To start protecting yourself, learn when to sell stocks to reduce losses and maximize gains. Second, get ready to profit when the market recovers. I suggest having a conversation with a broker or financial advisor.
Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.
Can you leave your investment advisor's contact information here? I absolutely must have one.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
"Land of the free, home of the broke"
😂
We are not free we are only broke
@@phuchyouh7171the broke n’ choke 🙁
You ain’t lying
"Land of the trapped, ..."
Ross Perot's "You hear that sucking sound" quote about NAFTA really hits home regarding our manufacturing base being gutted.
He nailed it, sad to say.
Since the late 90s when the U.S. kissed off its manufacturing sector and sold its soul to china and cheap chinese goods, we as a nation have become more and more dependent on the service sector for jobs. The problem with this paradigm is that service related goods (fast food, restaurants, hotels and Air BnBs) are things that people buy with discretionary funds. In other words these items are luxuries, especially when money is tight for the average U.S. consumer.
That before late 90s. 90s was bad too for Gen X. That was when service based economy started and most were just sales jobs
Perhaps you meamt that they buy luxuey items (non-necessities) with discretionary income?
It's tight because these jobs just don't pay enough to survive in with the increase in minimum wage.
You really need to be making 100K in order to live a middle class lifestyle today. It used to be 60K-80K before Covid and now it's 100K-120K
If Boomers keep charging over a million dollars for homes they bought for 60K back in the 70s then Millennials will never be able to afford any of those luxuries. Fast food is heading towards certain disaster IMO
Let me rephrase a little. In the 90s, the US sent its manufacturing to China. Soon after what was left went to Mexico. We send our dollars to China and Mexico to build stuff for us. They keep those dollars. They don't come back into circulation in the USA. We have become reliant on service sector jobs as most manufacturing jobs are gone. The USA is quickly depleting its cash and sending it to China and Mexico. In the late 80s, Shanghai had no skyscrapers. Now it looks like NYC. The USA is slowly going broke. The end.
Correction: "...service related goods (fast food, restaurants, hotels and Air BnBs) are things that people buy with DISCRETIONARY funds...."
Goodbye middle class America..
That’s the plan.
The middle class is but a shell of what it once was
Watch movie called
- in time by justin timberlake
Its the plan. We took the bait like rat
It’s been gone. Middle class used to require one income. Now it requires two
@@sirrockefeller149 Indeed. Fantastic movie. Exactly like what life is today. The movie “Snowpiercer” as well. (Original film by Korean director).
I've been an investor in Nvidia for the past six years now because I strongly believe in the company and in the stock, but now I've been thinking of redistributing my portfolio of about $560k and buy other stocks. and asset classes. Maybe buy Tesla? They are also doing great things in the AI space. Some digital currencies too. What do you think?
Not offering any particular advice, but I can assure you that both 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.
I agree. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Sure, Kristin Amy Rose is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment
Buy and hold physical Gold and silver..while you can..👍
I was on my own at a very early age and it taught me to think 10 steps ahead. When you have no support system the lessons from mistakes are burned deep and quick. I've never been really affected by economic transients as I live miles from my edge (another lesson from early departure and no help). People need to scrutinize their decisions on everything (especially debt). There are many vacations I've never had, many meals I've never eaten, many phones I've never purchased, cars I've never bought, clothes I've never owned and a crap ton of interest I've never paid. Take care of business and unless you have a solid savings and investment plan you need to learn how to go to work and stay home. Contrary to popular belief "entertainment" does not need to be "fed" to you!
@brianatkinson6600, like your comment you have the same last name as I do Atkinson
I was born into family with 12 siblings. However, I ended up needing to pay for my life on my own
at age 16 my father passed away at age 22 my mother passed away and every decision I made I had to really think it out clearing how will it affect my life? I had lot of siblings however they get married and moved to different states, so I ended up on my own. I learn early also never overpay for stuff be very accountable track my spending. Being on your own make stuff real and only myself can conduct my decision to have a healthy and wealthy life. Thanks for your comment.
Insurance companies, when they’re not screwing each other, their screwing the customer.
Makes it easy to do without. Odds are you won't get hit with a catastrophic loss if you minimize the risk. Smaller home away from floodplains, earthquake, hurricane and wildfire areas. Lost a bundle of shingles on a 20 year old roof this spring and a few trees went down this spring from a storm. Worst problem in more than a decade. Already own 2 chainsaws and the roof DIY repair didn't set me back even a couple hundred bucks. Premium for insurances for ten years banked.
I call complete bullshit on the insurance companies stating why insurance goes up. These insurance companies operate out of skyscrapers that cost millions and millions and millions of dollars, you see insurance ads everywhere that cost hundreds of thousands of dollars if not millions of dollars. Insurance CEOs making tens of millions of dollars a year. Insurance companies, recording record profits! Don’t be fooled! You are being scammed out of your money!
Insurance is going up because there are so many new people driving with no insurance or DL.
@@marsha58 I repeat, don’t be fooled! You are being scammed out of your money! And if you think new drivers are driving without insurance, think again. You cannot even buy a car unless it’s from someone privately selling it without insurance. You cannot get a loan for a car unless you show proof of insurance. Wake up!
Total BS. For example, on the left coast Liberty Mutual Ins has not been accepting new consumer auto insurance policies for the past two years or more. Yet they continuously run obnoxious multi-million dollar advertising campaigns for consumer auto insurance. Make it make sense!
@@Maynardd 1. CEO pay tends to be tied to stock price so it has no impact on the cost of insurance.
2. Spending on advertisment brings more customers which in turn actually reduces prices to customers as costs are able to be more spread out among the customer base.
3. Insurance companies being in skyscrapers is totally tangent to the conversation.
Auto Insurance is more expensive simply because of the costs to repair vehicles (part supply shortage, wage rises in a labor intensive industry). Also vehicles prices have skyrocketed which means it's more expensive for the car to be replaced if totaled or stolen (also a problem as poverty grows, theft grows). Also the other commentator is correct. Because of the expense, people are choosing to go without auto insurance the same way people are choosing to go without home insurance.
Maybe we should all stop paying our auto and homeowners insurance.
There's a youtuber like Michael who records while walking around. He made a video of a mile-long line of cars waiting to get groceries from the food bank in Coachella CA. Waiting over an hour in 109F heat for 2 bags.
Jeremiah Babe. I saw that video too.
The unemployment numbers are flat out lies
That is so wrong on so many levels.
They must have spent more on gas sitting for an hour with A/C on. Some people are just lazy and will take anything that is free.
That was really good, vedio must watch I love the truck driver questions at the end !!!
I opened my annual home insurance and found that my coverage limits were increased by 44% but the premium was increased by 165%!! No other significant changes in the policy and I have no insurance claims. Ripoff! I’m shopping for new insurance! This is in TN
Try Farm Bureau.
Pro-rate repairs? How about pro-rate payments? Insurance has become a scam.
just about everything is these days. It's what happens when you ship manufacturing overseas for the last 50 + years.
Insurance has always been a scam. It’s just a lot more obvious now.
That's legit what i thought of when i heard in the video, if you're going to pro-rate my roof, pro-rate my insurance rate by that
no kidding. How bout I make 20 % payment since you only pay me that amount out.
Always was.
At least we finally beat Medicare!
LOL!
With those comments you better keep an eye on the roofs.
An trump stopped a hurricane with a magic marker
Yeh, go Brandon go!
HonK 💥 HonK 💥🎷🤡🎈🎪🎪🎪🐀🐀🐀
Just got my car insurance bill for second half of 2024. Um yeah... where is this 3% inflation located? Would love to move there!
same here in Washington State. Homeowners isn't any better.
Yeah...80% up after a year with State Farm in CT. My car is 4 yo, never had a claim or ticket.
My auto insurance went up 20 percent last year. And this month it increased by another 5 dollars a month.😢
@@Jenny-kw4lh me either
Ecuador 1%
And don’t forget about food prepping at home. I make a big batch of soup in my Instapot and that will yield five servings. That’s enough for the meal plus four others that I store in my fridge. All I have to do the next four days for lunch is reheat.
What is the best RUclips channel or other source to learn to cook basic things in an Instapot please?
Indeed. I cook beans. Then I’ll cook pork loin, then rice . Stick in the fridge and have food for 5 days. Also use the blender for spinach/ginger/blueberries/zucchini etc. etc.. All the best/
@@chrisweidner4768 Yeah, I use my InstaPot several times a week. It’s so versatile. I’m off to cook garbanzo beans now with it. I soaked the beans overnight so they’ll cook quicker.
Stir fry season here. Garden full of peppers onions, tomatoes, garlic and cilantro. A little chicken and olive oil. We eat our fill. All organic and fresh off the vine.
Yup once every week I'll cook up a big chuck pot roast in the crock pot and good for 3 to 4 days of meals
Regardless of what happens, everyone will need their cars fixed. I think I chose the right business to open.
HVAC/plumbing/electrical are also good fields that will always be needed
My hubby works for a auto repair shop for 38 years, 36 full time plus, he’s always had a job, cause you always need your car fixed plus they have post office truck accts, everyone needs their junk mail.
Maaannnnnn... people can't afford cars anymore.
@@jkmarshall3553 That's why you need a good mechanic!
@@jkmarshall3553 / exactly and theyre keeping their old ones. Which must be serviced. :)
16 year Honda tech here and I’ll tell you from experience that oem parts are the way to go. Aftermarket parts not only fit horrible, they also cause electrical issues, and fail often.
The sad thing is two young people each making $20 an hour (minimum wage) still can't afford an apartment together in California.
A smart person would move where that would be a decent income, but you would rather complain?
@@davidgray1515 maybe you suggest where.
@@davidgray1515 the problem is moving to another state decrease the pay and now you're poor in a poor state like Alabama or Mississippi.
@@vickielane7387 The whole of middle America.
Why would anyone only making $20 an hour ever live in California? You can pretty much make $20 an hour anywhere in the country.
I agree. People build on top of disasters (cliffs, fire zones, flood zones) It’s wild.
I live in Europe. It’s very visible here. We have buildings that are thousands of years old. They are built sheltered from nature and weather. Whenever there’s a nature event it’s always the new buildings that are affected because they are built for having a view.
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in the current market.
There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
Absolutely! In just over three years, I've earned more than 1.7 million by following a coach's guidance. Initially, I hesitated, observing from the sidelines and waiting for the right moment to jump in. Then, on my wife's recommendation, I reached out to the coach. That turned out to be the best decision I've ever made.
This sounds interesting. My portfolio is in the red.
Can you recommend your analyst, please?
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
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
I recently sold some of my stocks positions, but I'm retaining a portion for the long term, I want to diversify my $400K portfolio to new gen stocks with masive potential, but I'm uncertain about risks. kinda confused here.
When diversifying, be careful of assets you’re buying into to lower risks. Research and consult a broker for guidance
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
Pls how can i meet this advis0r? i want someone to help me invest an Inheritance, i dont want to lose it to inflation
She goes by Melissa Elise Robinson I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
IMF is a joke
Digital Currency by 2030 they might even put expiration date on the digital currency
Lagarde is a joke
100%
@bakishamilshamil4240 why work if there will be little to no food?
@@bakishamilshamil4240 This actually happened once before - not digitally, but "analogously" so to speak.
Silvio Gesell, German-Argentinian economist and founder of the free economy, created the so-called "free money" in 1924.
This free money had the special feature that it did not bring interest, but lost value every month. This meant that the expiration date of this free money could be set in advance. This free money was also tested "in the wild":
In 1932 - in the small town of Woergl (Tyrol, Austria) the destroyed bridge had to be rebuilt.
And there was no money. Silvio Gesell's idea of free money was taken up and the bridge was built with this self-depreciating free money.
When other cities and municipalities (especially in Tyrol & Bavaria) saw this, they wanted to introduce the same, but were prevented from doing so by the German / Austrian governments under threat of military action.
We are going down like the Hindenburg.
American Greed. There is no turning back
More of a corrupt financial system and corrupt government
"Oh the humanity!"
That was a great TV show also, American Greed.
Government greed
inflation is caused by the government printing money -😅
I;M 80 YEARS OLD. MY UPSIDE IS I NEVER HAD HOME INSURANCE,
You win!!!!!
Smart! Fuck the insurance companies ripping people off.
@@PianoMatronNeeNeeEXACTLY!!!! I have two cars and my insurance on both are 350 and that’s with Geico I told them y’all must be smoking crack if y’all think I’m pay that and why is it that you all are always going up 5 to 10 dollars their excuse “ Oh you live in a state that has a lot of car accidents “ I always come back and say that’s not my problem my record is clean so what does that have to do with me 🤧🥴
Same, but I’m half your age.
I kicked the habit around a decade ago.
Man I’m so glad I refied my mortgage and got a new car pre covid. Almost impossible or not feasible to do things like that now. Lucky enough to buy food and gas. Vacation? Not now lol
Did you refinance to buy the car? if you did..I would like to know why you would leverage an appreciating asset to buy a rapidly deprecating one.. just curious 🤔
Absolutely! I’m heavy into following finance, investments, etc. I purposefully bought a brand new truck and a brand new boat in 2020. This was right when Covid was getting started, I bought the boat in January before anyone really heard about Covid. and the truck in March and of course the house has been refinanced to 2.8% interest. What people don’t understand is these payments are frozen in time and all of them have the lowest interest rate in history. I can sell every single one of them used for a massive profit. The boat is literally worth $50,000 more than it was when I bought it. so if I get into financial trouble, I’m covered.
@@Mikegastaldo I don’t think it’s really depreciating as of yet? I bought my truck for 60 grand in 2020, I can sell it for $70,000 right now with 27,000 miles on it.
@@Maynardd I'm sure nobody can argue with that!!! Bought for 60 k enjoying it for 4 years and it's worth 70 k.. impressive... you must be doing something right 👍..
@@Mikegastaldo so far so good, but will it hold? That’s the question. I don’t plan on selling anytime soon anyway, But the entire point of making all of those moves was to have assets that actually were not depreciating. Time will tell.
I agree with you soo much on the fender bender issue. After moving to Orlando a year ago just a few months after someone hit me from behind here in Florida and totaled my car. I had a perfect opportunity to really cash in on my situation and I didn't because luckily there was only property damage and nothing medical. After the accident I had all kinds of lawyers calling me trying to turn it into something more. I got my property paid for and am happy for doing the right thing and some people are so selfish and would have put the family that hit me through so much from an honest accident and remember the same thing can happen to you someday. But it's very apparent to me why the car insurance is so high here in Florida compared to where I'm from and there really needs to be more laws here to stop these on purpose career accident people that are causing all are rates to be higher.
Tourists, rental cars, urban people who moved to Florida and have never driven before, urbanites banging their stereos, etc are causing rates to rise in Florida. Native Floridians here. It is bad with all these foreign and out of state driving habits with zero Southern manners. It sucks here now with all the building, burning and paving over everything we loved
If you have $40k in savings you can self insure!
I'm reading all these comments. If i were young, I would be looking at getting into the trades. i.e. electrician, plumber, handyman, construction, etc.
Excellent advice
Thanks for keeping us up to date.
The keyless keys are $500 plus to replace. Simple technology and nothing new in the device just a monopoly that can gouge consumers.
Depends on what car you have but you can look up how to program them yourself and source your own if they haven’t started preventing that in software. On my focus ten years ago I think I had to turn the key to acc 10 times quickly, may have been tapping the brake cant remember. Stuff like that.
@@Theweouthereforrealclub-not anymore. You need the keycode these days, even if you can program it yourself, it's still a hundred or 2 dollars to have someone at a dealership tell you the code.
Thank you to our host for these walk-around outdoor presentations. Really appreciate your research and content
Hi Fred. He sells doom n gloom . He makes money off everybody watching. He makes good points but not everybody is hurting as bad as he makes it seem. He’s not making money selling real estate so he puts out these videos and makes money with likes n subs. I watched him for a while then stopped watching when he went on his rants.
The market is at record highs. They are saying the interest rates will be cut soon maybe two months. Some people have money and spend because I see a lot of establishments that are full every night. You can do both.
This site is essential education for surviving everyday financial matters.
All young people and parents should listen to these lessons of life.
It is a shame that schools don't teach these lessons as mandatory curriculum.
@@jimflick7564 I respectfully somewhat disagree. He makes good points but he’s not a financial advisor. YOU essentially make decisions regarding your personal financial well being.
😵 Roof: This is EXACTLY what happened to 3 people here in Northern CA. They got Nothing from Insurance.
Thanks for mentioning these insurance issues. Things are getting weird in CA now.
Less people are doing real work nowadays. Imagine a teacher who gets famous because a stranger records her saying "hawk tuah!" and then she loses her teaching job. She can raise enough money through fundraising and selling T-shirts, but now we no longer have a teacher. We have these people who stream video games making more and more money. Now they no longer have to work their 9-5 jobs. How does this relate to inflation you may ask? Less and less work is being done, so that means money is not being made as much. So, the price of whatever has to increase because of time. Time is a factor we can't get back.
When COVID hit, everyone worked less. You know what increased? Prices.
Hawk tuah girl already said that was just ppl coming up with bullshitblies about her life and background... she was never a teacher she worked in some type of manufacturing or factory type work, also her dad isn't a preacher (another rumor)
You saying that entrepreneurs are not real? Even You tubers have to pay taxes on their profits, hello.
@@Feribrat99 Not saying they are not real. Its just more jobs that do a service to the public are going away. So you order food, and someone makes it, then someone brings it to you is a service that helps people. A plumber coming in to fix your toilet is a service. A twitch streamer helps people watch entertainment, even if they're paying their taxes, they aren't fixing your food, fixing your roads, I mean some people have different ways of looking at it, but you gotta just see how more and more people do less of the real work now. Imagine if everyone was famous, and its getting to that point with TikTok and all social media. People don't want to work anymore, that's another reason AI is making a big push.
Those attorney ads featuring "victims" crowing about their large settlement are sickening.
The head of the snake , the IMF and BIS calling out inflation warnings , that’s rich 🤗
💯💯💯💯💯
Yep
In and Out is always packed, and the Drive Thru line goes around the building and down the street. It has always been that way.
One of the tricks to home-made In N Out Burgers is to squirt mustard into the griddle in advance of dropping a patty, that is a core element of their burgers flavors
Mustard is disgusting, yet their burgers are so tasty. How do you figure?
@@BusyAir
【ツ】 Not a fan of mustard are you?
I know how you feel though, I hate anchovies but I love Worcester sauce, it was a shock to eventually read the contents and I saw that anchov paste was one of the ingredients, but I still like the stuff.
@@pcnetworks1292 They've had Worcestershire sauce on 'How It's Made' and gotta admit, it's nasty. But, no deterrent to how good the stuff tastes.
@@BusyAir
👍
$13 for a Happy Meal in NJ. Ridiculous!
Should rename it an Unhappy meal.😂
Ain’t nothin happy about it!!!!!
It'll be $18 or $19 by October
@@Airbender-kl7cu Actually those places are going to reverse. Another burger wars is brewing. Still that is not what you want to be eating.
$7.09 for a 6 pc McNugget Happy Meal in Peoria IL.
The one in NJ is charging more because THEY CAN and you will still buy it at that price.
There are already robots delivering food to tables.
Up to your first ad, you haven't mentioned that the bulk of income of major corporations, goes to the executives and stock holders, leaving middle class employees with nothing, as proved by the decades of no raises.
Thank you for not giving up on this $20 Dollars as minimum wage disaster.
It’s just ruining small businesses.
😂
Lol if you think that's the cause you are far too gone...go luck at the balance sheet of small businesses....small business owners have gotten ridiculously greedy as well as taking hundreds of thousands in PPP money most didn't need....total joke
Small businesses have closed at the highest rates ever. Get off the leftist nonsense channels and sites.
Yes disastrous you can't keep people working for the same wages as 1999 and make massive profits.
I know well off Arab. He worked gas station, $15hr. his real money comes from Iraq. After witnessing a shooting in the store, he retire. He told me owners (Arab) make $1,000,000 year.
$25 Starbucks coffee by 2025.
True. But I might be the only one who hasn't been there in my life. Never will pay more than $1 for a large coffee when I can make it at home for 25% of that.
Oh my sweet summer child. 🥴🥴🥴🥴😂😂😂🤣🤣
I just went to Starbucks and saw some of their tumblers go for $30 dollars. But at least you get the first cup for free if you buy it. 😂
Buy whole beans Starbucks at Costco. Grind and brew at home. That’s If you like it…
I’ve already started making my own Frappuccinos. They’re just as good 😌
Good evening Michael, thank you as always for your spot on commentaries. Oh yes, OEM versus the generic auto parts, you nailed it. I spent 35 years in professional sales and drove about 60K miles per year. Nevertheless I had. company vehicles. Windshields, it would take a serious impact to crack an OEM windshield and Idid have a large rock hit and my windshield required replacement. First replacement was not an OEM and it really did not last long, just a small stone at low speed dit it in. Went back to OEM, there is a difference in quality and durabillity regardless of what the non OEM folks say. Keep up the great work.
Just went through a roof claim with All-State Michael...Waiting on my big check of $57 for my 20 year old prorated roof....The $57 was after fighting with them...they were going to give me nothing. Now I had to foot a 15k roof bill...Bunch of CLOWNS.
If a roof is older better to have very high roof deductible cause you only want to cover house except roof.
Curious how large is your home as I need a new roof soon and wonder how much it'll cost.
@@BillR-e2g My home is almost 2700 sq ft. Pretty basic Colonial style home roof.Eaves, dormers, roof slope, type of materials....that will all factor in how much the new roof will cost. My cost included a warranty too.
@@mg1822 ty
$57 is insulting.
Too many people sue, Michael, because we may be one of the few countries that does not have “loser pays.” That would be a deterrent to frivolous lawsuits. Our attorneys have too much lobbying power.
IMF sounds like an off road bicycle 🚲
Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.
Francine Duguay program is widely available online.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.
What I appreciate about Francine Duguay. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........
Literally happened to me..
My foot slipped off the break @ a redligh we where both at a complete stop, i roold 3 feet & bumped a womans bumper..
0 damage 0 energy..
Of course she got in a ambulance..
Needless to say it didnt improve my rates.
It’s our judicial system that guilty too for these frivolous lawsuits. Money in their pockets. They’re just as guilty
It's a racket where the outcome is always that the courts and the lawyers get all the money.
On injuries in car wrecks you have to be cautions. I was with a gal in her truck in the 90s and some old woman lightly bumped into her rear end. Hoenstly there was tiny damage. Like a small dent, no airbags deployed and some paint scuffed. Cops asked us if we needed medical treatment or ambulance to the hospital. I actually laughed as I recall and said no.
NEXT morning I wake up with a really weird pain in my center back and it didn’t go away for a week. Thing is in a wreck that energy travels through the vehicle and you don’t always know right away if some of it will channel through YOU. Oddly the gal I was with was like 90 pounds and maybe 5’ tall and was in the drivers seat and she never had any after effects , I was about 200 lbs and 6’2” but was on the same side of the truck the impact occurred on.
No permanent damage so it’s all good but to be honest I probably should have been compensated a few hundred or a grand or so for being unable to do any strenuous work for a week.
Insurance is what’s ruining it for everybody.
Before NAFTA a quality pair of leather shoes cost about $30 to $60. Bill Cinton screwed that one up with NAFTA. Now, we pay $60 for junk man-made material shoes from China that burn one's feet and clothing is all rayon and polyester. I would rather pay more and have quality.
I pay the lowest feasible insurance rates and have a massive emergency fund to essentially self insure. Cash is King when you are negotiating the price of repairs.
I'd be interested to see the fast food prices ,also some grocery store prices . I appreciate all the research you do so that I don't have to.
Everything is fine. Don’t forget prime day buy now pay later. Charge up those cards!
Yep. But the bill is good as paid.
I’m happy to say l bought nothing on Prime Day
Always presenting a wealth of knowledge on many levels. You pack valuable thought in your 30 minute walks
You are appreciated by many.
Keep us informed!!!
Less trucks on the highway as well. Some truckers haven’t worked in a week-no work. Houston….we got a problem.
Been reading a fellows house burned down. It was an older home, but had been updated and maintained. Anyway same as your example.
They want to depreciate the value of the home, rather than actual replacement cost.
Bad move on the ads.
I agree with how they do roof claims; unfortunately, they need to be replaced after a certain amount of time.
It’s simple, before buying something ask yourself “do I really need this?” Problem solved.
Do I want to store it? Maintain it? Pay tax, license or insure it? Is it worth it?
Hello from California 🌴 I would never sue unless it was necessary it’s very stressful 😞 in 2018 we were at a dead stop 🛑 not at a light there was a lot of traffic on one lane each way and my husband and I were talking about the car in front of them I heard a BIG BOOM 💥 out of the corner of my eye I saw hubby hugging the steering wheel and I came steal close to hitting windshield 🤬🤬I was so angry and concerned I have a fused neck from a work injury 😫 we landed on the car in front of us , I had help getting out of the truck and I wanted to know WHO HIT US well it was an older woman on her 70’s and I BBC asked her DO YOU HAVE INS she said yes after that it was all a blur 😮 in C the CD end I had to get a hip replacement and they told me do it now you won’t want to do it when you are older 😫 EVERYONE BE CAREFUL OUT THERE ON THE ROADSN❤️
My car was totaled may 10th.
I was in pain, and the paramedics told me I HAD to go in the ambulance (also my airbag went off)
I have a lawyer who's going to take 30%.
I'm still in pain today haha.
At first the insurance company didn't want to pay the correct price for my vehicle. I had to get them to show me an explanation. They left out features. I sent them a window sticker and they gave me $2000 more.
It goes both ways I guess
The insurance company really tried to cheat you since they already knew the features from your VIN. Good job guy!
You NEVER have to go with an ambulance. They HAVE to obtain your consent. Otherwise, press charges.
Allstate did that. When our roof got old, despite never having an issue with it, they dropped the coverate to only 25 percent . When we finally replaced our roof, we replaced our insurance comapany as well.
the scariest words - I'm from the government and I'm here to help -
I don't think anyone would turn down government help after a major disaster.
Used to be lots of people knew how to get oem parts cheap…. At the junkyard off oem cars. Some people still do.
I live near the Toyota plant in Indiana and they just said that when they go back to work next month it will be the one shift
So I'm seeing some stories in the comments about Allstate hosing people on their roofs. I bought my first house 35 years ago, loved that house, worked as a mechanic so I didn't have a ton of money (financing is a doozy on a variable flat-rate income). About a year in to it, Allstate sent me a "we're dropping you because of your roof, siding, tall trees etc. letter). Even back then they shared info and it was difficult to get insurance due to blacklisting people. I fixed all of the "problems" which was very substantial for me financially and finally found someone else to insure me. Allstate has been up to these shenanigans for decades. I told them I would remedy the issues and they said basically "go pound sand." You're in good hands, lol. I'm a "never Allstater". I am a fan of this channel.
Thanks for maintaining your integrity, Michael.
The only time I go out to eat is the Olive Garden for the lunch special and I go about once a month.
People don't know how to drive in the rain 😂
"People don't know how to drive"
The first snow of the season is a good time to stay home.
That vacation pad looks awesome I hope you guys are having a great time❤
Its been great! We are having a blast, especially getting out of the Miami heat
Buy Replacement Cost Coverage (get a new roof) More expensive coverage
Buy Depreciation Cost Coverage (get a depreciated roof) Less expensive coverage
You get what you pay for
Thank you Sir Micheal!
Shoutout from Montgomery Alabama!!!🎉❤
These are what you call insurance scams These little touch defender it should be outlawed This happened to our friend We were in the car he was driving the current front of those stopped real quick and we tapped the back of the carAll of a sudden they were on the phone Calling the friends to come over Their friends pulled up Pull in front of them Got out of the car and piled in the car that we tapped Police came they said they were witnesses and they were hurt We're weren't even in the car Be careful of that They're calling other people over They're piling in the car with them and they're saying that they got hurt and they are witnesses this was all set up and nobody's doing anything about it They're getting away with it that's why our insurance rates are going to go sky high through the roof
Was this in New Jersey?
That's why you need a dashcam.
Wage inflation? We're all making too damn much money. 😂😂
I’m ready to live in my station wagon down by the river 😂
But they won’t let you. I met a man from Greece that said the oddest thing about America was homelessness is illegal.
He said in Greece if you wanted to live out in the countryside and just live off the land. You could. 🤷🏽♀️
@@nilaja-itsmylife Unless you come from central america. then they put you in a hotel room.
@OldLion64 You just gotta hide your ID and tell them you are an immigrant. They cannot prove you are not one.
Be careful, those places flood.
Allstate refused to replace my roof from hail damage, yet every roof in my neighborhood (houses of approximate same age) were covered by other insurance companies. I was a loyal customer and never had a claim in 30 years. My only advice is: If you have Allstate cancel and get another insurer ASAP. Rockford, IL
"In-N-Out in 30 minutes."
Back in the day? Sure. I ain't as good as I once was.
Greed does not go away.
That's why they call them ambulance chasers!
Went through the same lawsuit thing with my wife. Fender bender where my wife was in an old Corolla and the other person in a GMC Yukon. Hit was less than 5 mph. Months later, wife was sure, found out the women totaled the Yukon a couple months later but apparently the injuries were from a fender bender with a controls that was literally half right at under 5 mph. It drug out for over a year because she wouldn’t let it go. Eventually, the insurance gave her some money with the agreement she had to pay the court costs. I imagine she ended up with mostly nothing.
The IMF, 😂😂🤣😂🤣😂🤣😂🤣💣💥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
invest in a car dash cam and actually install it
maybe even get a 2nd dash cam that faces behind out the rear glass
When I was younger pushing carts in the groc. parking, there was a senior couple going from store to store making hysterics in the parking lot and blaming the clerk of hitting their
car or scraping it with the carts. This is how they got even with those horrible people in the store parking lot who hit their car or key scratch or sideswipe their car. I remember
having to make my case that I didn't when an officer recognized them for their scam. Grown people pulling that s**t. I guess they got a better payout if the store had to pay the
repairs.
My personal best record was 28 carts, but just at nite before closing.
6:11 I feel like we’ve had a cooler than usual summer here in Wisconsin lol 🤷🏻♀️
OEM parts also hold true for other things, for instance. The belt tensioner on my drier went out, none of the local hardware stores or appliance repair shop had any on hand so i get on amazon ordered one. It was a whole kit with new belt, tensioner and drum wheels, two weeks after installation it failed. Called up a local appliance repair shop they ordered me an OEM kit and had it drop shipped to my house. Three years later, still going strong.
I bought my washer drier set used fifteen years ago and the were already five years old when i bought them. RUclips and OEM parts with regular upkeep and cleaning they should last until my retirement.
I manage a crew of about 50 people in the food service industry and although I’m not a fan of the concept of raising minimum wage if I was able to just pay less people more and accomplish the same task I would do it in a heartbeat
Whoppers just went up 33%. On the BK app you could get 1 whopper for $3 once a week last week. Now that whopper is $4. In the collapse of society, I will miss Burger King whoppers the most.
Of all things😂
"QUALITY IS REMEMBERED LONG AFTER PRICE IS FORGOTTEN "....OEM!
It’s not just the fender benders. I have literally seen people jump in front of cars at traffic lights and rush toward cars they see backing up in parking lots. Every billboard around here is devoted to personal injury lawsuits. Tort reform desperately needed.
Michael,
Thank you for not promoting that law firm. You're da bomb.
But he is promoting 'climate change'.... disappointing
@@111kodiak 🍪 here you get 1 just like a 3 year old toddler. Congrats
@@111kodiak not believing in climate change is like believing the earth is only 6000 years old. Give it up
"The climate is getting warmer"
In Europe the last 4 summers are as cool as it has ever been.
Not even 4 weeks ago, we still had to wear our winter coats, because it was way to cold, only about 50F or 11 Celcius.
And also now we have days with tempatures that do not even exceed 68F or 20 Celcius.
Hardly eat out at all. Could be years at a time with no outside eating. I can't see myself wanting to patronize a restaurant that lacks human interaction. Nothing about that is appealing.
At least we finally beat Medicare
What did he mean? 😮
lol well said.
@@marknewton6984he doesn’t know
@marknewton6984
Joe Biden declared that "I beat Medicare." Take that for what it's worth.
@@marknewton6984 he meant covid...not smart person
Just a note on the AllState roof proration. State Farm has done that for years (and years) in Ohio. Had a storm damage our roof in October of 2016. Total cost was about 15k; StateFarm only paid about half the cost and we had to cover the rest. 😞
Another good one, brother.
I've had 2 homeowners insurance claims in over 30yrs of homeownership. Once after Cat 4 Hurricane Charlie in 2004 and Cat 5 Ian in 2022.
The night and day difference in dealing with insurance after each was insane!
After Ian I paid to have a 24ga metal roof installed and it was almost $40k.
It should be good for 30-50yrs but I wonder how long until homeowners insurance wants me to replace it again...