The economic damage over the last 24 months is done, and its going to carry us probably for the next 10 years. There is already trillions in wealth destruction not just in the US but globally. The stock market always has one last dance, and this is looking more and more like 1929, because so many people are still thinking inflation will be ignited, but they don't understand that DEBT IS FOREVER. The 40 trillion in Gov Debt, 26 Trillion in Personal Debt, and 14 trillion in Corporate Debt, needs to be serviced.
There's a broader set of indicators that just compares asset prices to median incomes. You can think of this as a balance between the wellbeing of young people with good incomes but no assets and old people with good assets but little or no incomes. Post-pandemic, we are in one of the most asset-holder-favored environments in history. Simple reversion to the mean would require either 1) 20%+ income gains without a corresponding increase in asset prices, or 2) 20%+ asset price declines without a corresponding decline in incomes. Wealth inequality decreased alot in the GFC and during the Great Depression. I expect we're heading into something that will be remembered in the same category as those two periods.
Problem is that gov't thinks they can fix the problems with bigger government. Big government and deficits drive wealth inequality...the more they try to help the worse it gets.
@@Dan16673 Energy is the only real currency, everything else is just a token- This is why the petrodollar made sense: oil is energy for machines, food is energy for people. What you are really talking about is that your wealth has not kept up with the growing economy- this is because you were never given an ownership stake in your country's land/output. I'm no communist, I just think that Americans should be supported by our corn/wheat/soy exports like the Saudis are supported by their oil exports.
The high housing prices and the fact that the economy hasn't crashed 'yet', is all due to the fact that the federal government is money-printing like crazy, and that all of that economic stimulus is supporting the economy, and creating massive inflation as the currency is debased due to too much money printing.
Thanks for the forecast! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
the stock market will rally when feds cut rate in a week, and by the next few weeks after it it will start to crumble down. i'm thinking 10% drop in S&P and NDQ starting in october or last week of september.
Are you serious? Even before COVID many people have predicted all this. The book FOURTH TURNING nailed this in 1995 Anyway you do good work and produce successful videos.
There is no danger , we print trillions for to big to fails and stimulate economy , lower prime rate to 0 % and start the debt bubble feeding frenzy all over again , the dance that never ends. This is trickle down economics that trickles up not down.
The economic damage over the last 24 months is done, and its going to carry us probably for the next 10 years. There is already trillions in wealth destruction not just in the US but globally. The stock market always has one last dance, and this is looking more and more like 1929, because so many people are still thinking inflation will be ignited, but they don't understand that DEBT IS FOREVER. The 40 trillion in Gov Debt, 26 Trillion in Personal Debt, and 14 trillion in Corporate Debt, needs to be serviced.
There's a broader set of indicators that just compares asset prices to median incomes. You can think of this as a balance between the wellbeing of young people with good incomes but no assets and old people with good assets but little or no incomes. Post-pandemic, we are in one of the most asset-holder-favored environments in history. Simple reversion to the mean would require either 1) 20%+ income gains without a corresponding increase in asset prices, or 2) 20%+ asset price declines without a corresponding decline in incomes. Wealth inequality decreased alot in the GFC and during the Great Depression. I expect we're heading into something that will be remembered in the same category as those two periods.
all due to 73 when we went off anything left of gold standard. no cap on credit creation
Problem is that gov't thinks they can fix the problems with bigger government. Big government and deficits drive wealth inequality...the more they try to help the worse it gets.
@@michael2275 you have no idea what their agenda is
@@Dan16673 Energy is the only real currency, everything else is just a token- This is why the petrodollar made sense: oil is energy for machines, food is energy for people.
What you are really talking about is that your wealth has not kept up with the growing economy- this is because you were never given an ownership stake in your country's land/output. I'm no communist, I just think that Americans should be supported by our corn/wheat/soy exports like the Saudis are supported by their oil exports.
The high housing prices and the fact that the economy hasn't crashed 'yet', is all due to the fact that the federal government is money-printing like crazy, and that all of that economic stimulus is supporting the economy, and creating massive inflation as the currency is debased due to too much money printing.
Thanks for the forecast! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
You always bring great analysis and insight, thank you 👊
Good info, thank you
Which will the next shock be?
Anybody who's trying to eke out a bit more upside in this soon-to-be dead market is playing with fire 🔥 the rush to the exits will be a stampede 😮
Great content
the stock market will rally when feds cut rate in a week, and by the next few weeks after it it will start to crumble down. i'm thinking 10% drop in S&P and NDQ starting in october or last week of september.
what do you use to make your visuals? thanks
A computer
Recessions are always going on...they arent recognized until the labor is affected
In my opinion a perfect storm can occur: we already have tech burst, housing burst, inflation shock and oil one can happen any day.
In one video of yeild curve inversion you were saying crash will come. In this you are saying a rally on the upside will come?
I don't understand why people don't subscribe you... this is very informative though.
So... this time is different!
Deleveraging coming
It's a debt shock, and the chickens have come home to roost.
Waiting to see what the next crash trigger is going to be.
Are you serious? Even before COVID many people have predicted all this. The book FOURTH TURNING nailed this in 1995 Anyway you do good work and produce successful videos.
yields will plummet.
There is no danger , we print trillions for to big to fails and stimulate economy , lower prime rate to 0 % and start the debt bubble feeding frenzy all over again , the dance that never ends. This is trickle down economics that trickles up not down.
Buy gold
Bro If I'm a trader ,, how should I deal with the recession?
Short stuff beforehand and buy stuff afterwards
If you were a trader, you would realize that you can make money no matter if the economy is going up or down. Volatility is your friend.
Sell everything and wait until your gut says to buy
Short the market
Buy everyday and then when it drops, sell it all
Everybody paying attention sees this coming.
Looking forward to the melt up! 🚀🚀🚀🚀
noice
Shit happens!😮
Firs😊