Layoffs, Unemployment Increasing, Recession Signals Flashing | Morning Brief

Поделиться
HTML-код
  • Опубликовано: 29 окт 2024

Комментарии • 47

  • @Ricbender
    @Ricbender  2 месяца назад +3

    Thanks for watching. Please share your thoughts.

    • @armandoreyes2750
      @armandoreyes2750 2 месяца назад

      There has been what, 6 major banks that have failed. That's not including the ones that haven't been reported.
      There is NO way that all of those losses can just be brushed aside.
      The dollar is worthless.

  • @jayneweaver8695
    @jayneweaver8695 2 месяца назад +2

    Just found you, EXCELLENT analysis, thank you for sharing your sources and all of your experiences Ric, appreciated!

    • @Ricbender
      @Ricbender  2 месяца назад

      So glad you're here. Thanks for sharing.

  • @stevemelton4388
    @stevemelton4388 2 месяца назад +3

    Buffet sells and retail investors buying…. who’s making the best move

    • @Ricbender
      @Ricbender  2 месяца назад

      Sell into strength... Thanks for sharing.

  • @WrYSVrZrtr
    @WrYSVrZrtr 2 месяца назад +9

    At least I can't get fired since I don't have a job.

    • @Ricbender
      @Ricbender  2 месяца назад +1

      Some good news I guess. Thanks for sharing.

  • @daisyd.4808
    @daisyd.4808 2 месяца назад +1

    Ric as usual.. love your content! Almost everyone I talk to is either laid off, getting laid off, or booted out by the company. We are in an unemployment crisis for sure!

    • @Ricbender
      @Ricbender  2 месяца назад

      Thank you for watching and sharing.

  • @chrisferretti7020
    @chrisferretti7020 2 месяца назад +5

    I hate to see what will happen when the Fed lowers interest rates.

    • @armandoreyes2750
      @armandoreyes2750 2 месяца назад +4

      @@chrisferretti7020 the dollar is just being propped up long enough to keep everyone in control until they can roll something new out.

    • @Ricbender
      @Ricbender  2 месяца назад +3

      In combo with more money creation. This will be fun...

    • @kirkpalmer1709
      @kirkpalmer1709 2 месяца назад

      @@armandoreyes2750 That's what WW3 will be for...the excuse to roll out the new system.

    • @jimsmith8324
      @jimsmith8324 2 месяца назад

      The market might sell off for a week immediately following the rate cut move. But then, I expect a rally, led by biotechs which need lower rates.

  • @ophidiaparaclete
    @ophidiaparaclete 2 месяца назад +6

    No one has the balls to call this a recession

    • @Ricbender
      @Ricbender  2 месяца назад +2

      We called last week. But the Government won't call it until November.

    • @armandoreyes2750
      @armandoreyes2750 2 месяца назад +3

      @@ophidiaparaclete I agree. It's to protect this administration.

    • @tobyk5149
      @tobyk5149 2 месяца назад +1

      … yet.

    • @JoesIceCreamCone
      @JoesIceCreamCone 2 месяца назад +2

      I’m a technology consultant and I can say we are definitely in a recession, at least for a year.

  • @armandoreyes2750
    @armandoreyes2750 2 месяца назад +6

    It's more than 4.3%. That nunbers are fake.
    Job Loses
    Falling GDP
    = Depression

    • @Ricbender
      @Ricbender  2 месяца назад +2

      Thanks for sharing.

    • @armandoreyes2750
      @armandoreyes2750 2 месяца назад +3

      @@Ricbender Honest Question here. What about the job losses that aren't being reported? How high could that be? For example, Truck Drivers that have been forced to shut down.

    • @Ricbender
      @Ricbender  2 месяца назад +2

      @@armandoreyes2750 I'm actually trying to get more facts on this. The numbers I have come up with at this point are insane.

    • @armandoreyes2750
      @armandoreyes2750 2 месяца назад +3

      @@Ricbender I believe it.

    • @rjh2772
      @rjh2772 2 месяца назад

      Never trust the numbers coming from this administration

  • @bourbonlover7158
    @bourbonlover7158 2 месяца назад +6

    I heard even nurses are getting fired now. 😥

    • @ToddKirst
      @ToddKirst 2 месяца назад +5

      I heard the exact same thing. That is one Job Sector that I would have never thought would be impacted by Layoffs. It's brutal out there!

    • @Ricbender
      @Ricbender  2 месяца назад +2

      True. I was running some research on the sector yesterday. Thanks for sharing.

    • @Ricbender
      @Ricbender  2 месяца назад +2

      True. Thanks for sharing.

    • @bourbonlover7158
      @bourbonlover7158 2 месяца назад +1

      @@ToddKirst Yes and it wasn't too long ago that I thought if you had a job in tech you were set up for life!

    • @Newlinjim
      @Newlinjim 2 месяца назад

      @@bourbonlover7158no,that’d be government.

  • @tomlim1598
    @tomlim1598 2 месяца назад +1

    Why is first time unemployment benefits claims remain low?

    • @Ricbender
      @Ricbender  2 месяца назад

      Initial jobless claims are up - here is official document: Need to read to the middle of the document -- The number of people claiming unemployment benefits in the US fell by 2,000 from the previous week to 231,000 on the period ending August 24th, in line with market expectations of 232,000. Despite this decrease, the figure remained well above the averages seen earlier this year, reinforcing the ongoing trend of a softening labor market, as highlighted by the July jobs report and the significant downward revision to nonfarm payrolls for the year ending in March
      and more than likely this is inaccurate as with most initial reports need revisions.

  • @kevinmorris3649
    @kevinmorris3649 2 месяца назад +1

    this is the U.S.', were gonna skip the recession and go right to depression - go big or go home!

    • @Ricbender
      @Ricbender  2 месяца назад

      Thanks for sharing.

  • @georgeruble
    @georgeruble 2 месяца назад +1

    When they started giving away one million dollars on a game show I knew we were in trouble.

    • @Ricbender
      @Ricbender  2 месяца назад

      Great point. Thanks for sharing.

  • @rjh2772
    @rjh2772 2 месяца назад +1

    WEF is part of the beast system, but no worries. The king of Kings will soon be on the throne and He will rule in righteousness.

    • @Ricbender
      @Ricbender  2 месяца назад

      He is on throne... Amen. Thanks for sharing.

    • @rjh2772
      @rjh2772 2 месяца назад

      @@Ricbender On the throne when you arrives to his millennial kingdom at the time of his second coming rule there Jerusalem