The reason the economy is slowing down is the rich companies and Ceos have all the money and don't pay their employees enough to buy their over priced products. We want them to make money but 200 to500 percent Mark up on their goods is unreasonable. So if they don't increase wages and reduce their prices to a reasonable amount then they can go bankrupt
@@johnk2347 The sticks? Think again, this is a major part of what's killed urban center's, and cities. I'm not saying manufacturing in more obscure places hasn't been hammered too but not like urban centers. The difference is, it stings much more in outlying areas, where a single manufacturer, may make up most, if not the entire economy for the town. I live in southern Illinois, near St. Louis, I've seen it both ways. I think it's less apparent in urban centers, where there may be, or once had been, more of this type of work to lose. These losses hit everywhere. For instance, St. Louis went from four automotive assembly plants, down to one, just since I started in the industry in '95.
40 million workers thrown into poverty because of these. Mostly white workers, with kids. These factorys also paid into a pension fund since social isn't enough to live on. Now all pensions are gone in America and people are trying to live on social security and can't do it. This is evil greed. How many billionares now in America 19,009? How many millinares in America now 500,000? How many in permanent poverty because of greed? 80 million.? Numbers are extremely high whatever they are. DONE ON PURPISE. In 1970 America was 90 % middle class, no poverty to speak of. Everybody had pension plans plus social security. Pensions went to ceos humongous salary's. Evil. Evil. Evil. Evil. Evil. Evil. Evil.
Can't say I didn't see this coming years ago. We went from a country that made things to a service based country. Eventually you run out of things to service.
When the Citizens no longer can afford basic needs the evidence that the Economic System no longer serves the Majority, provides the reason for change. The Blame for the failure of the system will now be assigned to one Political Party, and the fact that both parties work to serve the same Investors who support their participation in the Electoral Service Industry. The Majority Investors seem to get their wish in Commercial Democracy.
We also are a "consumer" based economy and ultimately, consumers run out of money, especially when the government is so reckless with their spending (and printing0 of our money.
@@ronlanter6906 Apparently you were misinformed? It is their Money, and they regulate where the remaining funds are distributed. The conversion to Fiat Currency in 1971, lasted until early in this Century. The domination the G-7 Nations enjoyed in World Trade, through control of the currency exchange system, is now gone. The Inflation that began in 2014, is increasing for the G-7 group, and their desperate measures now taken to force their currency on the entire planet, appears to have expired? The Currency Crisis that LBJ laid in Nixon's Lap, appears again as the Trump Administration is forced to find the replacement of the failed economic system. We shall see what "Economic Miracle" they produce? I forsee the end of Capitalism.
@ It doesn't really matter who's money it is since fiat currency doesn't have any intrinsic value but since they forced the worthless "non-backed" paper US dollar upon us, and print (paper and digitally) the shit out of it while recklessly spending trillions more than they "create", they ARE proving their push to end capitalism. But we haven't had "capitalism" in a long time (if ever) with all the government "partnerships" with the private sector.
I left Ohio in 1999. It's been dying since the 80's. I was fortunate enough to work for a Wall Street firm that let me relocate to a better place. Now after 25 years, Vegas is starting to feel just like Ohio did.
@@redrocklead I don't gamble at the Casinos. If I feel like gambling, I drive down to Primm and play the Cali lottery (the casinos won't let us have a lottery in Nevada). The odds on winning Video poker are 640,000 to 1. It costs $1.25 per play, and the max payout is $1000.00 IF you hit a royal. The odds on Cali's "Fantasy Five" game are 576,000 to 1, it costs 1.00 to play and the jackpot is $70,000! If you get 4 of the 5 numbers you get around $400.00! With the "resort fees" and charging people $20 a day to park, the casinos are ridiculous. Here in Vegas, if you don't have a job that doesn't depend on the local economy, you're in big trouble. Either you work for a casino or a company that caters to the casino employees. The billionaires who run the casinos want it that way, and the politicians take their money and let the people suffer.
I agree with many others that the excessive corporate GREED is at the fore front of issues with manufacturing. Large corporations posting profits, even record breaking profits, in the billions while laying off (firing) mass amounts of employees is criminal. If consumer spending is toting the load of our economy, what do you think happens when layed off workers don't have the income that they're used to? Its not rocket science, they don't spend like the used too...DUH. To add insult to injury, those top executives are raking in huge bounces on top of their already exorbitant wages. Are they going to make up the consumer spending, hell no.
@Whinny40SW you have been drinking too much of the company kool-aid. Im sure there are many companies that haven't made vast sums. I was pointing to large corporations
@imenriched Big corps that filed bankruptcy in 2024: Red Lobster, Bed, Bath and Beyond, Conns, Spirit Airlines, Joann Fabrics, Express, The Body Shop, The Container Store, Bowflex, LL Flooring, Express, Parts ID...Walgreens is closing several pharmacies to prevent it. This is after a rash of closings in 2020, 2021, 2022, 2023. 'Record Profits' is a silly phrase; it means nothing. PM is what tells the truth.
@@Whinny40SWiit's mainly medium to small companies that lose their markets to the big monopolistic Big Corporation!! Those big companies lose $ due to exorbitant CEO salaries & perks & stock buybacks for the top levels! In a recent year, less than half the Big Corporations paid no Federal income tax!!
The corporate expectation of 10% growth every year is not a realistic expectation. If the economy only grows 2%- 3.5% per year, how are most corporations making 10%? 🤔
It’s because most corporations are not making 10% or more each year only some of them are and those that do tend to be in the spotlight. Your statement is wrong.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2025. 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.
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
I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Most of this started with NAFTA. The ripple effect has been non stop ever since. Greed, cheap manufacturing and very cheap labor rule the day, every day...
That's a misunderstanding of how economies work. Manufacturing should be done where labor is the least expensive. Normally, that will be in other countries. The real problem is that workers aren't upgrading their skills. If you worked in manufacturing, learn a new skill. No matter how old you are. Believe in yourself. Just because someone lost their job in manufacturing, doesn't mean you can't do something about it. Don't just collect unemployment. And do what Americans have done for generations if you need to - move to where the jobs are. Don't feel sorry for yourself because there are no more mining jobs, or manufacturing jobs, or whatever, in your area, go to where the jobs are. Be a productive part of the economy instead of a drag on the economy and collecting unemployment.
70% of the economy is consumer spending. OK. But where do consumers get their money? You can say that it’s a service economy, but we can’t have a viable economy by just doing each other’s laundry. Somebody has to make something.
We manufacture weapons to support all wars. It is called the Military Industrial complex. Stop the war's and we would crash fasterthann we are crashing now
You think this is a manufacturing slowdown? Wait until all of the raw material imports cost far more due to tariffs, forcing you to raise prices even domestically, and all of your finished products are unattractive for export because of both price hikes and retaliatory tariffs. All these manufacturing states just voted for this.
The tarrifs didn't effect us the last time trump was in office, our growth was far greater than the prices. the last 25 months have been brutal for manufacturing. The current guy has been the worst in my 21 years as a welder it's worse now than it was in 2007
That's the thing, the economy & stock market are two different things.But to your point, that's why the stock market goes up on an escalator, but goes down in an elevator when the realism of the economy sets in.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I drive for a trucking company named Crete Carrier out of Lincoln Nebraska. While other trucking companies are laying off drivers, my company is just issued a pay raise for all of their 7,000 drivers across their owned companies. Also be careful about counting stocks as current cash as the danger of the future is that allot of that can get vaporized without you being able to do a darn thing. So always work on your workable/creative outlets to get paid real money over and over again to counter any market losses. The tyrant of the nanny market is that losses are always your fault for staying in too long.
Well it used to be that way. My dad, a depression era person, only saved money in the bank back when the banks were paying decent interest. "They" stopped that and FORCED people into the stock market to get a decent return. The bank money was, as I like to say "money with my name on it" But the stock market? is anybodys money who gets to it first.
You say 'gamble on Wallstreet'. I say 'invest in American businesses '. The gold standard wasn't any better than what we have now. The value of gold can bounce just like bitcoin.
@@ws6002 400 oz gold bar in 1971 was $11,000 now it is $1,100,000 -- the currency is being destroyed because dollars are a debt instrument -- stocks will not save anyone from this
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@@viviancarolgioao Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
I've stuck with SHARON ANN MENY since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Started with commercial real estate, housing, and manufacturing, just like he said. These are known as cyclical industries and are the canary in the coal mine for a slowdown. Also, software tech was overbuilt and is laying off. It is a matter of time before the rest get hit.
70% of the economy is consuming spending. Corps are expected to grow 10% year over year. And people wonder why the cost of goods keeps outpacing inflation? The CEOs have to make their earnings numbers somehow, and there are no merger opportunities and they have already laid off everybody they can.
What if you don't know how to trade any of these? I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration
Wow! I know Tracy Britt Cool Consulting. I met her at a conference in Birmingham last year where she introduced us to her platform. She helped me recover all my student loans, her platform is like a company where you invest and they help you trade,then pay you profit either weekly or monthly. It's very benefi
It's not just the Midwest. It's everywhere in the US and in many countries in the world. Also, in the US farming is going to be crashing hard. Farmers voted for Trump and all they are going to get is lots of grain that no other country will be buying. I expect millions of farms will go bankrupt and farmers will have to stop farming for something out. I'm expecting a bad recession or even a depression with Trump's tariffs and his throwing field hands out of the country. The grocery stores shelves will be empty.
we will see but everything you just said if not entirely true farming is going to do just fine we have rotating crops we dont just grow grain every year that isnt how it works we grow bean we grow weat then we grow grain that way the land handels what we are growing because if we just grew grain the land would go bad it needs things from the other grows that restores the ground.
The materials needed to produce Cars as well as weapons has become a prominent part of the Economic War the G-7 Nations began about 20 years ago. That was close to the time the Fiat Currency began to indicate the support system that was created by the Nixon Administration has expired. The US has lost the ability to determine Currency Exchange Rates. They lost the Economic War they started. Similar to Germany in 1945.
Just look around, where I live there are so many empty stores both big and small, very little industry, and many apartments are showing for rent signs, that I haven't seen in years. Almost everything is harder to get than it was 4 years ago and I think government spending will ultimately destroy this country. We don't even know who is actually running the country for the last 4 yrs, most large cities are run by people who should be sorting mail at the post office.
4yrs ago was an absolute disaster, these past 4yrs have been like a dream- Record, low unemployment, highest back-to-back stock, market growth, years in history, highest wages in history, greatest wealth, accumulation by minorities in US history, inflation brought all the way down… Last four years have been like a fucking dream
They are "skewing" the numbers. The current employment numbers are part time jobs and not full time jobs(the type that pay for health insurance, etc). The well-paying jobs are down big time in the last 4 years.
Consumer here.... Mantra is save save save. Based on my economics I can't justify spending. I'm not the only one. I generally agree the economy is 'doing alright' but also that working people are struggling - they aren't feeling it Ps noticed the gojira album art - nice
Consumer spending still drives the US economy, but how much longer can we rely on that? With manufacturing in a decline, I’m getting concerned. What’s the plan when the next wave hits? 🤔
The best vid yet on explaining crypto and associated markets. This from a trading intraday and short-medium or long term point of view. Was impressed that you showed the market cycle.Also the way you explained it. Regardless if it is stocks, currency, precious metals or real estate, crypto, that is being invested in, there is a cycle. As now crypto is a confirmed asset class, You already have taught me so much. Appreciate your time and effort in making the vid. ...I managed to grow a nest egg of around 3Btc’s to a decent 21Btc’s…At the heart of this evolution is Jinny Franz , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Jinny is very sound in analysis and her service delivery is top notch. I am so grateful to her for her assistance which has made me a much better and profiting trader.
Chicago PMI is Chicago region specific. Contrast that with ISM Manufacturing PMI which reflects manufacturing activity across the entire United States. ISM Manufacturing PMI rose by 0.9 points from the previous month to 49.3 in December of 2024, ahead of market expectations of 48.4.
Azul, I don’t understand how the economy is good when the strength in economy because people are buying? Must be goods be made and produced alone? Can there be no circulation if nothing is made? Just buying stuff?
@Rottingboards how did they give back. I grew up in a small town and no local store ever gave me anything. All stores are for profit businesses. They don't give charity.
You were ABSOLUTELY correct, lol. I've said to people for YEARS now, " why don't you just go sell or adjust insurance and be rich, and if not, go be a waited/waitress....." Those are LITERALLY some of the highest earning jobs I've seen out there. 6 figures+
What America really needs is a real North American Free Trade Agreement that unites all of North America without borders. It allows free movement, reciprlcle trade without duties or tariffs, the ability to live and own property anywhere on the continent and enjoy equal medical care at a reasonable cost. North America is the only continent on earth blessed with the people, the infrastructure and natural resources to thumb its nose at the world and kick back and live life in peace and prosperity.
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
Thank you very much. I just checked her out on google and wrote her an email. I'm hoping she responds soon. I've been thinking about doing this for a long time, and I've already procrastinated enough.
Your standard of living is artificially TOO high through sweat and pain far away sold through Amazon and still complaining . Make all these consumables yourselves and to enjoy these locally made work 100 hrs .
Consumers don't have money. Most people are living on CREDIT. Lots of debt they can't pay off. The minimum wage is supposed to be a LIVING WAGE. It's still at $7.25 per hour.
As a retired person, I have 65% in 7+10 treasuries, 20% in T bills, and 15% in CEF's. A big drop in the markets won't hurt me much. Before January, I was 35% in CEF's.
Well, I’ve saved up $188k in my emergency fund and now I’m looking to finally dip my toes into the investment pool... but man, the stock market’s a rollercoaster! I guess this jobs report sinking everything isn’t helping, huh? I’m looking for a solid headstart though, someone point me in the right direction!
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like bonds or utilities. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
I totally agree with you. I started out investing on my own too and lost quite a bit. After the 2020 crash, I managed to pull out about $160k. I then invested that money with an analyst, and in just seven months, I made almost $580,000. It's amazing how having the right guidance can turn things around!
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with "ZAREEN GRACE CHURCH’’ for some years now, and her performance has been consistently impressive. She’s known in her field look her up.
Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
It is going really well in the billionaire sector. If you want to do better, my advise is to invest in the billionaires. They are rapidly becoming much wealthier because they have bought the government and turned all the laws and regulations in their own favor. If you can afford it, become a billionaire. Billionaires also have the advantage of living outside of all of the countries laws and norms. They do whatever enters their heads, because they will never be held accountable for anything. Being middleclass has become so yesterday. These days people are either poor or ridiculously rich, and lets face it, being poor does not have much to say for it. Our government is aware of this fact. They are either rich or are rapidly becoming so. It is almost as if they knew how the markets were going to go. Take their example. Become a billionaire now. Why wait?
You say unemployment is low? What about under employment? Meaning the job you have doesn't pay for monthly expenses and the possibility of getting laid off or demoted due to "restructuring" is part of the employment culture today. It's also common practice today is companies hiring part-time employees so they don't have to pay for health benefits. So some people are employed by multiple part-time jobs without getting benefits. The rate of unemployment means very little to real day to day experiences of people in the US.
With the disasters and now wild fires in California insurance companies will claim to be broke. Leaving more people homeless, carless and jobless. Almost like musical chairs….disaster stop….unless you have your own $$$….out of the game!
I work in manufacturing here in Indiana we have been booming things are up and have been for two years now so I dont know what is happening in other sectors my company makes forklifts.
*You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
This is exactly how my Dad lost a quarter of a million dollars it took 3 weeks in 2008 after the S tock Mkt Crash. The Recession the Fannie Mae Disaster. Of course during the George W Bush Presidency. My dad died with 25,000 to his name that was it. All together he lost 3 quarters of a million dollars.
I've been aware of this in my area of the upper Midwest for the past 6 months or so, I can see it. My awesome neighbor that's a welder and works on unbelievable projects has been working far fewer hours and is starting to hurt for cash. I hate to see this happen yet again to hard working skilled workers and I hope things turn around soon.
Agreed- The Future is coming fast- Many economists say in 2-3 years nearly all jobs in US manufacturing will be done by Robots. (Invest in Robot companies now)
A wise nation would have a balance of all the above yet we don't and we're paying blood for that now unfortunately. A service economy does no one any good if people don't have money to spend.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
I find it difficult to discuss the economy, as though we live in an honest system. In a time, when politicians are openly guilty of insider trading. I do not trust the billionaire influence. Lobbying has run amok. I am confused.
The volume level on this video is really low. China's economy is really in the dumps and I think that Europe is in trouble too and there's a global drag that the US can't avoid. A lot of manufacturing (autos in particular) have moved plants to Mexico for lower costs. The big dog may not be manufacturing but we could use the jobs from manufacturing. Vietnam, Philippines, Indonesia want our manufacturing jobs and they are getting a lot of them. There are limits on the Fed and the US government in terms of additional stimulus. Unemployment may be low but people are grouchy because inflation is eroding what they make and a lot of former white collar jobs are gone.
I'm sure orangeman is going to bring down the prices and national debt after he buys Greenland, adds Canada and pours $$ into Panama to get the canal back. Rough times ahead
Looking at CHICAGO PMI right now. May 2024 it was lower at 32% economy did fine. June it shot back up to 48%. I have serious doubts about Chicago school of economics methods.
Did financial advisors welcome manufacturing to depart to China, India, japan,south Korea, vietnam..?..as stocks for these companies rose..? Thoughts...?
Manufacturing in America has been on a steady decline for over 40 years. This is NOT a sudden occurrence. The reason is basic capitalism……..Americans demand a much higher wage than people in many alternative countries, so that’s where the factories have been getting built. Manufacturing labor is part of the free market, just like goods are. This is a predictable and expected trend can not be reversed without severely decreasing the purchasing power of consumers and causing severe damage to the world-wide economy!!!! Why can’t people wrap their heads around the fact that the American economy has been steadily evolving into a service economy and away from physical manufacturing? America simply can’t compete with the rest of the world when it comes to the cost of manufacturing labor and that is the consequence of past success and generation of wealth here. It’s OK!!!! Americans need to embrace the real world as it exists today and go to school to gain the knowledge and learn the skills now required for the modern economy and the role America plays in it today!!!!!!! EVOLVE!!!!!! There are plenty of high paying jobs to be had. Just ask all the H1B visa immigrants who are filling these jobs because not enough Americans want to go to school and do the work required to prepare themselves for those great paying jobs!!!!!!! They’d rather just b1tch about the loss of their precious factory jobs and be poor forever after. Embrace education, innovation, imagination, and our role in the world today. Employers are willing to pay a whole lot more for more rate knowledge workers than abundant physical workers. It’s simple economics, simple capitalism. Work WITH it, don’t fight it.
Well said. The free market is brutal. Trump thinks he can magically bring manufacturing jobs back to the U.S. by imposing tariffs. Ain't gonna happen (to a material degree). The tariffs will just impose a 'Trump tax' on Americans. Trump's own base (rural & poor) will be the folks most hurt by this ill advised strategy. It's just basic economics. p.s. My accounting job was outsourced to Argentina in 2010. Thus, it's not just manufacturing jobs that are being moved to other countries.
Manufacturing isn’t dead, it is simply turning robotic. Once it’s perfected, manufacturing will turn up. Look at all the tech sector job lost, but the want like a million h1b visa? Only problem is, what to do with all the extra people? Can’t figure that one out. Oh well, off to get my shots! Get you’reshot, to protect others!
I recently sold my condo for $400k and want to invest in the stock market. However, I’m wary of FOMO, the risk of a bubble, and a potential market crisis. How can I best position myself to grow my money and benefit from any possible corrections?
Name brand tractor parts are ridiculously over priced. A new part priced at $5-600. Get an aftermarket one and pay $80-90 for the exact same thing, just not the paint on it.
Manufacturing hasn’t been cost of living raises for years. The average factory worker has been hurting for years. For a country to grow a large percentage of the population has to be in manufacturing. Currently manufacturing workforce is declining. The only sector that is growing government deadweight that the is being supported by the declining tax paying workforce.
Please invest in a good microphone and get the recording volume up. It's difficult to hear you sometimes. I don't have this issue with other content providers.
Sound was fine on my end. Did trouble shoot device? Try streaming from another device to rule out issues with device or possibly your own hearing perhaps
*Happy new year 🎊🎉 🎊 I'm favoured only God knows how much I praise Him* , $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
I remember giving her my first saved up $20000 and she opened a brokerage account with it for me, it turned out to be the best thing that ever happened to me.
Could barely hear the program . I Moved from Midwest years ago . No jobs accept retail sales and part time. So went to a Jr college, graduated with petroleum tech degree. Got a job with a major oil company at 20. Worked in the oil and gas 100 year old legacy fields. But the majors sold out to independents. I took many transfers and moved from state to state to keep working . It was ok for a young man. But hard to put down roots. Hard on marriages. Retired and live in Utah, debt free, house paid off, live way below my means and single and alone. At peace . Worked in Illinois, Michigan, Texas, back to Michigan, then back ro Texas offshore . Then Indiana, northern California gas fields and finally Utah.
All the good jobs are gone. Now people are working like 3 low end jobs. Not going to workout for long. Also for some reason no one wants a trade job anymore. So no plumbers, electricians, HVAC...impossible to find someone.
100% right about the trades. We pay 100k plus for hvac techs., can't find anyone to hire. The voctech kids come to work for a week - then text us that hvac is not their passion. Not mine either - but I built a multimillion dollar business out of not having passion.
@@watchmanspector1642 My generation and older did something called "work." No one liked it then. That's why it's called "work." The things we did for enjoyment were called "hobbies."
Just look at the car market and how long new vehicles are sitting on the lots. These grossly inflated MSRPs are catching up. Part of my allocations are in non-US stocks, it doesn't perform as well as the S&P500 fund but it doesn't change with the US changes.
I know of 10 companies just in my area near Chicago where the plant shut down manufacturing. They not only shut it down, but they demolished the buildings. Most of them lost out to China.
Tariffs are not going to fix the issue. The general costs in America are higher than elsewhere and greed dictates, in order to increase profits, go to lower cost regions or countries. Tariffs mask the issue. No foreign business is just going to open plants in the US because of a tariff when they know long term costs are going to be higher. All countries and businesses need to leverage what it can...it means the US has to find products and services other countries want...is the government helping develop, guide, support areas we can take advantage of?
Donald is threatning everyone with tariffs, well no one likes to be blackmailed, USA did it with Huawei and now Huawei will surpass Google. USA is threatning friends, not so friends, allies... Every action as a reaction.
@@MOstix13 That's what the Orange Jesus thinks, but this is not true. Tariffs have historically slowed economic growth and force consumers to pay more for manufactured goods. If we're slowing down, as this index indicates, it's the absolute WORST time.
I come from that neck of the woods. Brought it on themselves, still brining it on themselves every day. Too much 'individuality' not enough banding together and all the compromises that takes. Too much hiding in hard work to avoid painful growing exercises, like learning hard facts you don't want to hear. Sorry, it's true. Core problems. Once upon a time corporations knew the salt of the earth were good factory workers, they'd keep at it day after day min fuss and muss. Just the way they were. As corporate greed grew there was a little window for these folks to take over production, buy them out, using mass voiced and their elected leaders pressure, well, and their elected leaders realizing what was going to happen and leading their people. I can't imagine how to re invigorate most of America now. It's sunk too far.
I'm from Flint. Grew up in the 70s. Had a front row seat to the entire collapse. What you say is true. US manufacturing at scale in never coming back. It's too far gone. It's too easy for companies to offshore if workers organize. There were 10 new plants slated to be built in Michigan. UAW went on strike and they all are either paused or scrubbed.
American businesses, corporations, and politicians only looking out for themselves to get as rich as they can off the backs of Americans. They couldn't care less about their country or fellow Americans. Individualism and extreme greed is destroying the USA.
You're missing the whole picture. The disconnect of the dollar from gold created a debt based monetary system which is why inflation does nothing but go up. They lowered interest rates to get people borrowing and spending. The biggest contribution to inflation is government spending. They shipped manufacturing over seas for the cheap labor because if it was built here nobody could afford anything. Now it's got to the point where cheap China goods have risen 100% or more. Houses are insane and there is only a debt slave society not a middle class. They brainwashed everyone to be consumers of shiny objects instead of investors. This is an investors market not a savers. You can't save against a printer...
Delusions of what you think world should be does not equate to any reality. Global competition, excessive labor constraints, and high labor costs is what drove the offshoring of manufacturing. When you have abundant supplies of labor elsewhere that are willing to do it for much less then it is inevitable. Similarly, if competitors do this and you don't then the company goes bankrupt. Capitalism has it's weaknesses but by far superior to socialism. It is just that free-market and fair competition are not one in the same. Countries like China have been using predatory trade practices for decades. The premium costs for worker safety, environmental protections, and worker tax generation in developed countries need to be assessed against global competitors to assess penalty in form of import duties to level playing field. However, such actions should not be to protect higher than free market wages due to organized labor. Manufacturing needs to come back to U.S. for strategic and other practical reasons. Manual, repetitive manual labor replaced AI and robots. Maintaining, programming, those robots and production facilities plus designing products are the types of skilled jobs that need to be returned to U.S. If you think manual labor should entitle you to earn livable wage, think again. You are only worth as much as the next robot or worker willing to replace you for less.
You're correct, it does. Now that Trudeau has resigned and Pouvier coming in he'll be cutting their carbon tax and working with Trump so I see natural gas and oil coming down.
Which is why China has worked harder than any country to convert their economy to renewable energy. Renewable energy, particularly solar and battery storage, is the cheapest form of energy in all of human history, and gets even cheaper every year. And the sun doesn't raise its rates. If Canada and the US tries to return to being held hostage to expensive and dirty fossil fuels, it will make the problem far worse for manufacturing and the entire economy.
Corporate greed killed manufacturing
I don't recall consumers getting mad at all the lower prices they paid for the Chinese Goods
Manufacturing in the US died DECADES ago. Greed and globalization killed it.
Greed? US workers got too expensive.
30 years ago. This was planned.
@@Whinny40SWFor sure. Sounds like you're volunteering to work for free. Your hired.
@73ajd1 sorry. Not in manufacturing. Govt and unions make workers very expensive. Can't compete with slave labor.
@@Whinny40SW USA will never be competitive again until the rest of the worlds standard of living matches ours, no time soon.
The reason the economy is slowing down is the rich companies and Ceos have all the money and don't pay their employees enough to buy their over priced products. We want them to make money but 200 to500 percent Mark up on their goods is unreasonable. So if they don't increase wages and reduce their prices to a reasonable amount then they can go bankrupt
Henry Ford didn't start prospering until he raised wages 3x so his employees being his custumers
Trade schools have to start up fast !😊
Prolitariet has no money to spend due to corporate greed
It costs too much to work
And they don't pay taxes either. They hoard the money and are buying up all the assets
Call it what it is greed..
💯👏👍
Share the wealth.
Retail definitely will slow down.
In 1980s 40 million factory workers put in permanent poverty because their jobs moved to China.
It mostly affected urban African Americans and whites in the sticks so nobody cared. Which is very disturbing but very American.
@@johnk2347 The sticks? Think again, this is a major part of what's killed urban center's, and cities. I'm not saying manufacturing in more obscure places hasn't been hammered too but not like urban centers. The difference is, it stings much more in outlying areas, where a single manufacturer, may make up most, if not the entire economy for the town. I live in southern Illinois, near St. Louis, I've seen it both ways. I think it's less apparent in urban centers, where there may be, or once had been, more of this type of work to lose. These losses hit everywhere. For instance, St. Louis went from four automotive assembly plants, down to one, just since I started in the industry in '95.
40 million workers thrown into poverty because of these. Mostly white workers, with kids. These factorys also paid into a pension fund since social isn't enough to live on. Now all pensions are gone in America and people are trying to live on social security and can't do it. This is evil greed. How many billionares now in America 19,009? How many millinares in America now 500,000? How many in permanent poverty because of greed? 80 million.? Numbers are extremely high whatever they are. DONE ON PURPISE. In 1970 America was 90 % middle class, no poverty to speak of. Everybody had pension plans plus social security. Pensions went to ceos humongous salary's. Evil. Evil. Evil. Evil. Evil. Evil. Evil.
I remember Clinton signing something that seems like sent most of our manufacturers over to China in the 90's
@@kathikapp6707 nafta was Mexico, authored and put on his desk by republicans. Plenty of blame to go around.
Can't say I didn't see this coming years ago. We went from a country that made things to a service based country. Eventually you run out of things to service.
When the Citizens no longer can afford basic needs the evidence that the Economic System no longer serves the Majority, provides the reason for change.
The Blame for the failure of the system will now be assigned to one Political Party, and the fact that both parties work to serve the same Investors who support their participation in the Electoral Service Industry.
The Majority Investors seem to get their wish in Commercial Democracy.
We reduced the number of Farmers, now John Deere is moving to Mexico.
The economic situation appears to have lost a Cog?
We also are a "consumer" based economy and ultimately, consumers run out of money, especially when the government is so reckless with their spending (and printing0 of our money.
@@ronlanter6906 Apparently you were misinformed?
It is their Money, and they regulate where the remaining funds are distributed.
The conversion to Fiat Currency in 1971, lasted until early in this Century.
The domination the G-7 Nations enjoyed in World Trade, through control of the currency exchange system, is now gone.
The Inflation that began in 2014, is increasing for the G-7 group, and their desperate measures now taken to force their currency on the entire planet, appears to have expired?
The Currency Crisis that LBJ laid in Nixon's Lap, appears again as the Trump Administration is forced to find the replacement of the failed economic system.
We shall see what "Economic Miracle" they produce?
I forsee the end of Capitalism.
@ It doesn't really matter who's money it is since fiat currency doesn't have any intrinsic value but since they forced the worthless "non-backed" paper US dollar upon us, and print (paper and digitally) the shit out of it while recklessly spending trillions more than they "create", they ARE proving their push to end capitalism. But we haven't had "capitalism" in a long time (if ever) with all the government "partnerships" with the private sector.
I keep saying look what happened to IH, Milwaukee road and the rock island. Today mother deere and cargill are only worried about their stockholders
I left Ohio in 1999. It's been dying since the 80's. I was fortunate enough to work for a Wall Street firm that let me relocate to a better place. Now after 25 years, Vegas is starting to feel just like Ohio did.
the fruits of globalism come home to roost. The race to the ecnomic bottom has not stopped yet more to come....
Zero competition in vegas. $25 minimums at Redrock ( locals ) tables. GTFOH. Empty Tables.
Ohio was built on the substantive manufacturing of products. Las Vegas was built on loses.
I still in ohio it really bad here
@@redrocklead I don't gamble at the Casinos. If I feel like gambling, I drive down to Primm and play the Cali lottery (the casinos won't let us have a lottery in Nevada). The odds on winning Video poker are 640,000 to 1. It costs $1.25 per play, and the max payout is $1000.00 IF you hit a royal. The odds on Cali's "Fantasy Five" game are 576,000 to 1, it costs 1.00 to play and the jackpot is $70,000! If you get 4 of the 5 numbers you get around $400.00! With the "resort fees" and charging people $20 a day to park, the casinos are ridiculous. Here in Vegas, if you don't have a job that doesn't depend on the local economy, you're in big trouble. Either you work for a casino or a company that caters to the casino employees. The billionaires who run the casinos want it that way, and the politicians take their money and let the people suffer.
I agree with many others that the excessive corporate GREED is at the fore front of issues with manufacturing. Large corporations posting profits, even record breaking profits, in the billions while laying off (firing) mass amounts of employees is criminal. If consumer spending is toting the load of our economy, what do you think happens when layed off workers don't have the income that they're used to? Its not rocket science, they don't spend like the used too...DUH. To add insult to injury, those top executives are raking in huge bounces on top of their already exorbitant wages. Are they going to make up the consumer spending, hell no.
AMEN my friend 🤔 🤔
@imenriched that isn't what is happening. Many companies are making significantly less than previous years. Many companies are in bankruptcy.
@Whinny40SW you have been drinking too much of the company kool-aid.
Im sure there are many companies that haven't made vast sums. I was pointing to large corporations
@imenriched Big corps that filed bankruptcy in 2024: Red Lobster, Bed, Bath and Beyond, Conns, Spirit Airlines, Joann Fabrics, Express, The Body Shop, The Container Store, Bowflex, LL Flooring, Express, Parts ID...Walgreens is closing several pharmacies to prevent it.
This is after a rash of closings in 2020, 2021, 2022, 2023.
'Record Profits' is a silly phrase; it means nothing. PM is what tells the truth.
@@Whinny40SWiit's mainly medium to small companies that lose their markets to the big monopolistic Big Corporation!! Those big companies lose $ due to exorbitant CEO salaries & perks & stock buybacks for the top levels! In a recent year, less than half the Big Corporations paid no Federal income tax!!
The corporate expectation of 10% growth every year is not a realistic expectation. If the economy only grows 2%- 3.5% per year, how are most corporations making 10%? 🤔
It’s because most corporations are not making 10% or more each year only some of them are and those that do tend to be in the spotlight. Your statement is wrong.
They lay off American workers and outsource the jobs get it?
@@thomasbialzik3060 Some of them actually make good products
By gouging the consumer on price.
Where had this dude been,?
Manufacturing.died here many years ago.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2025. 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.
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.
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
I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
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
Most of this started with NAFTA.
The ripple effect has been non stop ever since.
Greed, cheap manufacturing and very cheap labor rule the day, every day...
That's a misunderstanding of how economies work. Manufacturing should be done where labor is the least expensive. Normally, that will be in other countries. The real problem is that workers aren't upgrading their skills. If you worked in manufacturing, learn a new skill. No matter how old you are. Believe in yourself. Just because someone lost their job in manufacturing, doesn't mean you can't do something about it. Don't just collect unemployment. And do what Americans have done for generations if you need to - move to where the jobs are. Don't feel sorry for yourself because there are no more mining jobs, or manufacturing jobs, or whatever, in your area, go to where the jobs are. Be a productive part of the economy instead of a drag on the economy and collecting unemployment.
@ I've been in a manufacturing environment for over 43 years. I happen to know a little bit about how it works...
It all started with the wonderful gift from China, then putting a fruitcake in the Whitehouse didn't help!
If our neighbors are not doing well, you can expect them to come here. All of them.
This is capitalism
We have had several manufacturers do layoffs here in Iowa recently and another company just announced a complete shutdown.
70% of the economy is consumer spending. OK. But where do consumers get their money? You can say that it’s a service economy, but we can’t have a viable economy by just doing each other’s laundry. Somebody has to make something.
Thats why gov has big deficits every year
Tesla, Apple, Nvidia, Microsoft - all make things that enjoy excellent local and export sucess.
Credit cards
We manufacture weapons to support all wars. It is called the Military Industrial complex. Stop the war's and we would crash fasterthann we are crashing now
Imports.
Somebody has to make something, yes. But that somebody can be anywhere on the world.
Manufacturing in my area has been slowing for the last three years, and lots of companies have downsized
You think this is a manufacturing slowdown? Wait until all of the raw material imports cost far more due to tariffs, forcing you to raise prices even domestically, and all of your finished products are unattractive for export because of both price hikes and retaliatory tariffs. All these manufacturing states just voted for this.
bingo
The tarrifs didn't effect us the last time trump was in office, our growth was far greater than the prices. the last 25 months have been brutal for manufacturing. The current guy has been the worst in my 21 years as a welder it's worse now than it was in 2007
TDS
Under Biden my plastics went up well over 120% so nothing Trump does can compete with the last 4 years.
Technically wait till the state government ask for a pay raise. And allow banks to get bailed out by tax dollars through gov programs.
I don't think people are aware how bad it will get! Down with Trump & all his cronies.
The economy is so bad, the stock market is at an all-time high, inflation keeps falling, and unemployment is at 4%. When will this nightmare end?
That's the thing, the economy & stock market are two different things.But to your point, that's why the stock market goes up on an escalator, but goes down in an elevator when the realism of the economy sets in.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
Her name is Annette Christine Conte. I can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I’ve just looked up her full name on my browser and found her webpage, very much appreciate this
Time to shift back to bonds and cash
check books 😅
I drive for a trucking company named Crete Carrier out of Lincoln Nebraska. While other trucking companies are laying off drivers, my company is just issued a pay raise for all of their 7,000 drivers across their owned companies.
Also be careful about counting stocks as current cash as the danger of the future is that allot of that can get vaporized without you being able to do a darn thing. So always work on your workable/creative outlets to get paid real money over and over again to counter any market losses. The tyrant of the nanny market is that losses are always your fault for staying in too long.
We need a freaking currency that doesn’t require us to gamble in the stock market to save money
Well it used to be that way. My dad, a depression era person, only saved money in the bank back when the banks were paying decent interest. "They" stopped that and FORCED people into the stock market to get a decent return. The bank money was, as I like to say "money with my name on it" But the stock market? is anybodys money who gets to it first.
You say 'gamble on Wallstreet'. I say 'invest in American businesses '. The gold standard wasn't any better than what we have now. The value of gold can bounce just like bitcoin.
@@ws6002 400 oz gold bar in 1971 was $11,000 now it is $1,100,000 -- the currency is being destroyed because dollars are a debt instrument -- stocks will not save anyone from this
The rulers won't like that
@@ws6002 investing is gambling. And that’s fine. But there shouldn’t be mandatory for saving
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@@viviancarolgioao Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
I've stuck with SHARON ANN MENY since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Started with commercial real estate, housing, and manufacturing, just like he said. These are known as cyclical industries and are the canary in the coal mine for a slowdown.
Also, software tech was overbuilt and is laying off.
It is a matter of time before the rest get hit.
70% of the economy is consuming spending.
Corps are expected to grow 10% year over year.
And people wonder why the cost of goods keeps outpacing inflation?
The CEOs have to make their earnings numbers somehow, and there are no merger opportunities and they have already laid off everybody they can.
Amen
I don't know who needs to hear this, you've got to stop saving money. Invest some part of it, if you really want financial freedom.
Good talk, I tell my friends everyday. It's good to save money but gotta have that investing spirit if you really want financial freedom
What if you don't know how to trade any of these?
I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration
Wow! I know Tracy Britt Cool Consulting. I met her at a conference in Birmingham last year where she introduced us to her platform. She helped me recover all my student loans, her platform is like a company where you invest and they help you trade,then pay you profit either weekly or monthly. It's very benefi
It's not just the Midwest. It's everywhere in the US and in many countries in the world. Also, in the US farming is going to be crashing hard. Farmers voted for Trump and all they are going to get is lots of grain that no other country will be buying. I expect millions of farms will go bankrupt and farmers will have to stop farming for something out. I'm expecting a bad recession or even a depression with Trump's tariffs and his throwing field hands out of the country. The grocery stores shelves will be empty.
we will see but everything you just said if not entirely true farming is going to do just fine we have rotating crops we dont just grow grain every year that isnt how it works we grow bean we grow weat then we grow grain that way the land handels what we are growing because if we just grew grain the land would go bad it needs things from the other grows that restores the ground.
On top of Wal-Mart and big boxes sucking up money out of small towns. Small town stores gave back to the community they lived in.
walmart sucks anymore anyway. unless you live in like a rural place i guess. ugh
Well, the cost of products like vehicles is out of control.
The materials needed to produce Cars as well as weapons has become a prominent part of the Economic War the G-7 Nations began about 20 years ago.
That was close to the time the Fiat Currency began to indicate the support system that was created by the Nixon Administration has expired.
The US has lost the ability to determine Currency Exchange Rates.
They lost the Economic War they started.
Similar to Germany in 1945.
Just look around, where I live there are so many empty stores both big and small, very little industry, and many apartments are showing for rent signs, that I haven't seen in years. Almost everything is harder to get than it was 4 years ago and I think government spending will ultimately destroy this country. We don't even know who is actually running the country for the last 4 yrs, most large cities are run by people who should be sorting mail at the post office.
4 years ago we where LOCKDOWN in our homes due to COVID!
Let me guess, what we really need is a billionaire to give tax cuts to other billionaires. Then we’ll all be living the dream!
4yrs ago was an absolute disaster, these past 4yrs have been like a dream- Record, low unemployment, highest back-to-back stock, market growth, years in history, highest wages in history, greatest wealth, accumulation by minorities in US history, inflation brought all the way down… Last four years have been like a fucking dream
The wef has been running the country.
They are "skewing" the numbers. The current employment numbers are part time jobs and not full time jobs(the type that pay for health insurance, etc). The well-paying jobs are down big time in the last 4 years.
Consumer here.... Mantra is save save save. Based on my economics I can't justify spending. I'm not the only one.
I generally agree the economy is 'doing alright' but also that working people are struggling - they aren't feeling it
Ps noticed the gojira album art - nice
Consumer spending still drives the US economy, but how much longer can we rely on that? With manufacturing in a decline, I’m getting concerned. What’s the plan when the next wave hits? 🤔
Does nafta ring a bell
The best vid yet on explaining crypto and associated markets. This from a trading intraday and short-medium or long term point of view. Was impressed that you showed the market cycle.Also the way you explained it. Regardless if it is stocks, currency, precious metals or real estate, crypto, that is being invested in, there is a cycle. As now crypto is a confirmed asset class, You already have taught me so much. Appreciate your time and effort in making the vid. ...I managed to grow a nest egg of around 3Btc’s to a decent 21Btc’s…At the heart of this evolution is Jinny Franz , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....
this is her official Telegrams..
@JinnyFranz.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate…
Jinny is very sound in analysis and her service delivery is top notch. I am so grateful to her for her assistance which has made me a much better and profiting trader.
Chicago PMI is Chicago region specific. Contrast that with ISM Manufacturing PMI which reflects manufacturing activity across the entire United States. ISM Manufacturing PMI rose by 0.9 points from the previous month to 49.3 in December of 2024, ahead of market expectations of 48.4.
He is talking about the midwest. 🤫
Azul, I don’t understand how the economy is good when the strength in economy because people are buying? Must be goods be made and produced alone? Can there be no circulation if nothing is made? Just buying stuff?
How will US finance the acquisition of Greenland, infrastructure and social services for Greenland natives?
The US would treat Greenland natives the same way they treat Alaskan natives and Native Americans..
Do nothing for them and exploit them
Greenland isn't for sale. More disturbing was Trump's hint that he'd use our military to invade that country.
Social services for Greenland natives😂
Manufacturers have been leaving the country since NAFTA in the 90s. People may try to blame regulations, but the real driver here is corporate greed.
Absolutely. On top of Wal-Mart and big boxes sucking up money out of small towns. Small town stores gave back to the community they lived in.
My Town got decimated when GE and American Standard left
@Rottingboards how did they give back. I grew up in a small town and no local store ever gave me anything. All stores are for profit businesses. They don't give charity.
@@nakho3550because when Jim’s grocery makes a buck, Jim spends that dollar back in your town, when Walmart makes a buck, that dollar goes to Arkansas.
@Nun195 Jim don't take vacations, order goods from China, send his kids to college...?
I predicted 35 years ago , we would end up selling each other hamburgers and insurance. Here we are.
You were ABSOLUTELY correct, lol. I've said to people for YEARS now, " why don't you just go sell or adjust insurance and be rich, and if not, go be a waited/waitress....." Those are LITERALLY some of the highest earning jobs I've seen out there. 6 figures+
What America really needs is a real North American Free Trade Agreement that
unites all of North America without borders. It allows free movement, reciprlcle
trade without duties or tariffs, the ability to live and own property anywhere on
the continent and enjoy equal medical care at a reasonable cost. North America
is the only continent on earth blessed with the people, the infrastructure and
natural resources to thumb its nose at the world and kick back and live life
in peace and prosperity.
Your volume is very low. Really wanted to watch but can't hear video very well
Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do
More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to
Can you provide me the name of this coach? I've been researching advisers because I really need some guidance.
Her name is Melissa Terri Swayne can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you very much. I just checked her out on google and wrote her an email. I'm hoping she responds soon. I've been thinking about doing this for a long time, and I've already procrastinated enough.
If consumer spending contriibutes 70% of the US economy, imagine the havoc that Trump's trariffs will cause. Good luck.
Sadly everything is built in China and sold through Amazon. Fix this issue if you can.
Your standard of living is artificially TOO high through sweat and pain far away sold through Amazon and still complaining . Make all these consumables yourselves and to enjoy these locally made work 100 hrs .
Because people want cheap products
Without the American made quality of days gone by I just don't want most of what is available nowadays.
Consumers don't have money. Most people are living on CREDIT. Lots of debt they can't pay off. The minimum wage is supposed to be a LIVING WAGE. It's still at $7.25 per hour.
They aren’t worried. Trump will save them all because her cares so deeply about them.
When he doesn’t they will still blame Biden. Nothing will ever be Trumps fault.
Yes, plus he’s a business genius and a good Christian…………
@@davebennett4087 good Christian?
LOL LOL LOL
@@billmoyer3254 Sure…… him and Jesus are best buddies. 😜
As a retired person, I have 65% in 7+10 treasuries, 20% in T bills, and 15% in CEF's. A big drop in the markets won't hurt me much. Before January, I was 35% in CEF's.
I need to research CEFs. Why did you go from 35% down to 15%?
Well, I’ve saved up $188k in my emergency fund and now I’m looking to finally dip my toes into the investment pool... but man, the stock market’s a rollercoaster! I guess this jobs report sinking everything isn’t helping, huh? I’m looking for a solid headstart though, someone point me in the right direction!
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like bonds or utilities. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
I totally agree with you. I started out investing on my own too and lost quite a bit. After the 2020 crash, I managed to pull out about $160k. I then invested that money with an analyst, and in just seven months, I made almost $580,000. It's amazing how having the right guidance can turn things around!
Mind if I ask you to recommend this particular coach you using their service?
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with "ZAREEN GRACE CHURCH’’ for some years now, and her performance has been consistently impressive. She’s known in her field look her up.
Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
It is going really well in the billionaire sector. If you want to do better, my advise is to invest in the billionaires. They are rapidly becoming much wealthier because they have bought the government and turned all the laws and regulations in their own favor. If you can afford it, become a billionaire. Billionaires also have the advantage of living outside of all of the countries laws and norms. They do whatever enters their heads, because they will never be held accountable for anything. Being middleclass has become so yesterday. These days people are either poor or ridiculously rich, and lets face it, being poor does not have much to say for it. Our government is aware of this fact. They are either rich or are rapidly becoming so. It is almost as if they knew how the markets were going to go. Take their example. Become a billionaire now. Why wait?
You say unemployment is low? What about under employment? Meaning the job you have doesn't pay for monthly expenses and the possibility of getting laid off or demoted due to "restructuring" is part of the employment culture today. It's also common practice today is companies hiring part-time employees so they don't have to pay for health benefits. So some people are employed by multiple part-time jobs without getting benefits. The rate of unemployment means very little to real day to day experiences of people in the US.
With the disasters and now wild fires in California insurance companies will claim to be broke. Leaving more people homeless, carless and jobless. Almost like musical chairs….disaster stop….unless you have your own $$$….out of the game!
Raise the volume on your microphone 🎤👂🏾
Or just push the volume button on your device up. Problem solved.
Didn't work for me😢
I work in manufacturing here in Indiana we have been booming things are up and have been for two years now so I dont know what is happening in other sectors my company makes forklifts.
*You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
It's Esther A Berg doing, she's changed my life.
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Esther A Berg.
This is exactly how my Dad lost a quarter of a million dollars it took 3 weeks in 2008 after the S tock Mkt Crash. The Recession the Fannie Mae Disaster. Of course during the George W Bush Presidency. My dad died with 25,000 to his name that was it. All together he lost 3 quarters of a million dollars.
I've been aware of this in my area of the upper Midwest for the past 6 months or so, I can see it. My awesome neighbor that's a welder and works on unbelievable projects has been working far fewer hours and is starting to hurt for cash. I hate to see this happen yet again to hard working skilled workers and I hope things turn around soon.
I was shocked when MasterLock closed down in Milwaukee - they had military contracts!
But if we can get the kind folks in Walmart to pay 20% more for everything should help to on shore those jobs back .
Don't give the rich anymore money. I can only afford to buy necessities, that's it.
Consumer spending is not an economy that will last. Eventually we will exceed our capacity to borrow and the party will end
greed plain and simple
Agreed- The Future is coming fast- Many economists say in 2-3 years nearly all jobs in US manufacturing will be done by Robots. (Invest in Robot companies now)
So far, robots don't pay taxes
Why use a regional (Chicago) PMI?
there is much more manufacturing activity --- while still
Bush W made America a service industry. We manufacture Ham Burgers. We assemble, We don't manufacture.
something's gotta give, the best thing one can do is spend less, we need a recession
That plus what will be a bottomless depression for as long as Dump is alive.
Most businesses wouldn't exist if everyone had my spending habits. LoL
It's not always a bad thing per se, because we're in a post industrialization age. Poor nations tend to be farm and factory nations.
A wise nation would have a balance of all the above yet we don't and we're paying blood for that now unfortunately. A service economy does no one any good if people don't have money to spend.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
I find it difficult to discuss the economy, as though we live in an honest system. In a time, when politicians are openly guilty of insider trading. I do not trust the billionaire influence. Lobbying has run amok.
I am confused.
American goods way too expensive. Non Union workers can’t afford Union goods. Sorry.
Should have unionized.
You should turn up the volume on your videos, I can barely hear it even on max
The volume level on this video is really low. China's economy is really in the dumps and I think that Europe is in trouble too and there's a global drag that the US can't avoid. A lot of manufacturing (autos in particular) have moved plants to Mexico for lower costs. The big dog may not be manufacturing but we could use the jobs from manufacturing. Vietnam, Philippines, Indonesia want our manufacturing jobs and they are getting a lot of them. There are limits on the Fed and the US government in terms of additional stimulus. Unemployment may be low but people are grouchy because inflation is eroding what they make and a lot of former white collar jobs are gone.
I'm sure orangeman is going to bring down the prices and national debt after he buys Greenland, adds Canada and pours $$ into Panama to get the canal back. Rough times ahead
Looking at CHICAGO PMI right now. May 2024 it was lower at 32% economy did fine. June it shot back up to 48%. I have serious doubts about Chicago school of economics methods.
Dr Friedman did a hell of a good job of ruining us
Did financial advisors welcome manufacturing to depart to China, India, japan,south Korea, vietnam..?..as stocks for these companies rose..? Thoughts...?
Thank you for your help.
Manufacturing in America has been on a steady decline for over 40 years. This is NOT a sudden occurrence.
The reason is basic capitalism……..Americans demand a much higher wage than people in many alternative countries, so that’s where the factories have been getting built. Manufacturing labor is part of the free market, just like goods are. This is a predictable and expected trend can not be reversed without severely decreasing the purchasing power of consumers and causing severe damage to the world-wide economy!!!!
Why can’t people wrap their heads around the fact that the American economy has been steadily evolving into a service economy and away from physical manufacturing?
America simply can’t compete with the rest of the world when it comes to the cost of manufacturing labor and that is the consequence of past success and generation of wealth here.
It’s OK!!!! Americans need to embrace the real world as it exists today and go to school to gain the knowledge and learn the skills now required for the modern economy and the role America plays in it today!!!!!!!
EVOLVE!!!!!! There are plenty of high paying jobs to be had. Just ask all the H1B visa immigrants who are filling these jobs because not enough Americans want to go to school and do the work required to prepare themselves for those great paying jobs!!!!!!! They’d rather just b1tch about the loss of their precious factory jobs and be poor forever after.
Embrace education, innovation, imagination, and our role in the world today. Employers are willing to pay a whole lot more for more rate knowledge workers than abundant physical workers. It’s simple economics, simple capitalism. Work WITH it, don’t fight it.
America manufacturers and exports more than ever in terms of dollar output. We just do it with far fewer workers per output unit than ever before.
Well said. The free market is brutal. Trump thinks he can magically bring manufacturing jobs back to the U.S. by imposing tariffs. Ain't gonna happen (to a material degree). The tariffs will just impose a 'Trump tax' on Americans. Trump's own base (rural & poor) will be the folks most hurt by this ill advised strategy. It's just basic economics.
p.s. My accounting job was outsourced to Argentina in 2010. Thus, it's not just manufacturing jobs that are being moved to other countries.
@viking_fisherman Great comment!
The UAW just got a 40% raise over 4 years. We are not competitive
Add in the fact that Americans borrow too much and have to service their debt.
Manufacturing isn’t dead, it is simply turning robotic. Once it’s perfected, manufacturing will turn up. Look at all the tech sector job lost, but the want like a million h1b visa? Only problem is, what to do with all the extra people? Can’t figure that one out. Oh well, off to get my shots! Get you’reshot, to protect others!
I recently sold my condo for $400k and want to invest in the stock market. However, I’m wary of FOMO, the risk of a bubble, and a potential market crisis. How can I best position myself to grow my money and benefit from any possible corrections?
Diversify… T bills, CDs, Gold, dividend stocks, Municipal bonds, Bitcoin, Real estate, etc assets speak when cash has no value
The bond market tho.. plus no manufacturer and no gold or silver backing... It's been over since 1971
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
The audio isn’t good here, I had to crank up the volume and still had a hard time hearing it.
The auto industry and the high 5 and 6 figure price tags are unaffordable. How they can survive building product that no one can afford.
That's been the core problem for American auto companies since the 80s.
10 year car mortgage = dumb consumers
Vehicle sales are up.
And the union just went on strike and got a 40% raise so prices are only going to go up unless you can buy a car from China
Didn't Henry Ford pay his workers a salary that allowed them to buy the product they built?
Name brand tractor parts are ridiculously over priced. A new part priced at $5-600. Get an aftermarket one and pay $80-90 for the exact same thing, just not the paint on it.
Manufacturing hasn’t been cost of living raises for years. The average factory worker has been hurting for years. For a country to grow a large percentage of the population has to be in manufacturing. Currently manufacturing workforce is declining. The only sector that is growing government deadweight that the is being supported by the declining tax paying workforce.
If you don't pay workers good, they cant buy the goods you produce 😮. I work in Energy and its been good, thankfully.
Please invest in a good microphone and get the recording volume up. It's difficult to hear you sometimes. I don't have this issue with other content providers.
Get hearing aids pops.
Your device doesn't have a volume control?
Sound was fine on my end. Did trouble shoot device? Try streaming from another device to rule out issues with device or possibly your own hearing perhaps
Is it just me or is the volume on this really low? 🤷♂️
*Happy new year 🎊🎉 🎊 I'm favoured only God knows how much I praise Him* , $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
I remember giving her my first saved up $20000 and she opened a brokerage account with it for me, it turned out to be the best thing that ever happened to me.
Can't hear you
1. Thank you for good food for thought. 2. Please turn up the record volume. It was difficult to hear you even at max play volume.
Mine is fine and I don't hear well at all !
I can't hear this either and my hearing is fine. Several recent recordings have been much better. Had to read the transcript. Thanks for that!
Yes, was difficult to hear...
Could barely hear the program . I Moved from Midwest years ago . No jobs accept retail sales and part time. So went to a Jr college, graduated with petroleum tech degree. Got a job with a major oil company at 20. Worked in the oil and gas 100 year old legacy fields. But the majors sold out to independents. I took many transfers and moved from state to state to keep working . It was ok for a young man. But hard to put down roots. Hard on marriages. Retired and live in Utah, debt free, house paid off, live way below my means and single and alone. At peace . Worked in Illinois, Michigan, Texas, back to Michigan, then back ro Texas offshore . Then Indiana, northern California gas fields and finally Utah.
You people who voted for Trump: Get ready for more of this humane, "Christian" treatment.
All the good jobs are gone. Now people are working like 3 low end jobs. Not going to workout for long. Also for some reason no one wants a trade job anymore. So no plumbers, electricians, HVAC...impossible to find someone.
Yes. Too many young people are being brainwashed into going to college
and getting worthless liberal arts degrees.
100% right about the trades. We pay 100k plus for hvac techs., can't find anyone to hire. The voctech kids come to work for a week - then text us that hvac is not their passion. Not mine either - but I built a multimillion dollar business out of not having passion.
@@watchmanspector1642 My generation and older did something called "work." No one liked it then. That's why it's called "work." The things we did for enjoyment were called "hobbies."
Unless yer the owner or union, the trades pay chit...
@@watchmanspector1642 100K? Must be 70hr weeks then
Just look at the car market and how long new vehicles are sitting on the lots. These grossly inflated MSRPs are catching up. Part of my allocations are in non-US stocks, it doesn't perform as well as the S&P500 fund but it doesn't change with the US changes.
All this negativity is getting old, hopefully the new Administration can bring some positive results!
The only thing Dump will bring is more horror. Please give your head a shake. The US died in November.
They definitely won’t. Biden administration will be the “Good old Days”!
I know of 10 companies just in my area near Chicago where the plant shut down manufacturing. They not only shut it down, but they demolished the buildings. Most of them lost out to China.
Sad. Thanks for sharing your observations from your local area George. 🙏 Azul
Tariffs are not going to fix the issue. The general costs in America are higher than elsewhere and greed dictates, in order to increase profits, go to lower cost regions or countries. Tariffs mask the issue. No foreign business is just going to open plants in the US because of a tariff when they know long term costs are going to be higher. All countries and businesses need to leverage what it can...it means the US has to find products and services other countries want...is the government helping develop, guide, support areas we can take advantage of?
Trump is out to crush working families and small businesses while growing the size of government with import tax hikes.
Tariffs are going to tank the economy.
Donald is threatning everyone with tariffs, well no one likes to be blackmailed, USA did it with Huawei and now Huawei will surpass Google. USA is threatning friends, not so friends, allies... Every action as a reaction.
Tariffs are one part of an overall economic overhaul.
@@MOstix13 That's what the Orange Jesus thinks, but this is not true. Tariffs have historically slowed economic growth and force consumers to pay more for manufactured goods. If we're slowing down, as this index indicates, it's the absolute WORST time.
Where in the U.S. can a person live on $7.50/hour?
I come from that neck of the woods. Brought it on themselves, still brining it on themselves every day. Too much 'individuality' not enough banding together and all the compromises that takes. Too much hiding in hard work to avoid painful growing exercises, like learning hard facts you don't want to hear. Sorry, it's true. Core problems. Once upon a time corporations knew the salt of the earth were good factory workers, they'd keep at it day after day min fuss and muss. Just the way they were. As corporate greed grew there was a little window for these folks to take over production, buy them out, using mass voiced and their elected leaders pressure, well, and their elected leaders realizing what was going to happen and leading their people. I can't imagine how to re invigorate most of America now. It's sunk too far.
I'm from Flint. Grew up in the 70s. Had a front row seat to the entire collapse. What you say is true. US manufacturing at scale in never coming back. It's too far gone. It's too easy for companies to offshore if workers organize. There were 10 new plants slated to be built in Michigan. UAW went on strike and they all are either paused or scrubbed.
American businesses, corporations, and politicians only looking out for themselves to get as rich as they can off the backs of Americans. They couldn't care less about their country or fellow Americans. Individualism and extreme greed is destroying the USA.
You're missing the whole picture. The disconnect of the dollar from gold created a debt based monetary system which is why inflation does nothing but go up. They lowered interest rates to get people borrowing and spending. The biggest contribution to inflation is government spending. They shipped manufacturing over seas for the cheap labor because if it was built here nobody could afford anything. Now it's got to the point where cheap China goods have risen 100% or more. Houses are insane and there is only a debt slave society not a middle class. They brainwashed everyone to be consumers of shiny objects instead of investors. This is an investors market not a savers. You can't save against a printer...
Delusions of what you think world should be does not equate to any reality. Global competition, excessive labor constraints, and high labor costs is what drove the offshoring of manufacturing. When you have abundant supplies of labor elsewhere that are willing to do it for much less then it is inevitable. Similarly, if competitors do this and you don't then the company goes bankrupt. Capitalism has it's weaknesses but by far superior to socialism. It is just that free-market and fair competition are not one in the same. Countries like China have been using predatory trade practices for decades. The premium costs for worker safety, environmental protections, and worker tax generation in developed countries need to be assessed against global competitors to assess penalty in form of import duties to level playing field. However, such actions should not be to protect higher than free market wages due to organized labor.
Manufacturing needs to come back to U.S. for strategic and other practical reasons. Manual, repetitive manual labor replaced AI and robots. Maintaining, programming, those robots and production facilities plus designing products are the types of skilled jobs that need to be returned to U.S.
If you think manual labor should entitle you to earn livable wage, think again. You are only worth as much as the next robot or worker willing to replace you for less.
Great video
My company is commissioning a brand new manufacturing plant in Illinois this month.
Now that is good news!
Where in Illinois?
Is Illinois a right to work state with unlimited $10 hour jobs and 2 mandatory bathroom breaks per shift?
7:16 - "how long did it take you to initially save $200,000?"
"For many people, we were in our 30's and 40's until we had $200,000."
I think the price of energy has a lot to do with it
You're correct, it does. Now that Trudeau has resigned and Pouvier coming in he'll be cutting their carbon tax and working with Trump so I see natural gas and oil coming down.
Which is why China has worked harder than any country to convert their economy to renewable energy. Renewable energy, particularly solar and battery storage, is the cheapest form of energy in all of human history, and gets even cheaper every year. And the sun doesn't raise its rates. If Canada and the US tries to return to being held hostage to expensive and dirty fossil fuels, it will make the problem far worse for manufacturing and the entire economy.
Energy prices are down.