I plan to retire at 62 in another country outside the US that is free,safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that time arrives but I'll also have atleast one pension, a 403 (b) and a very prolific investment account with Susan Jane Christy, my FA. Retiring comfortably in the US these days is almost impossible
I know this lady you just mentioned, Susan Jane Christy. She is a licensed broker and a FINRA agent. She is popular in the US and Canada, she's really a skillful and experienced woman in that area
I went from no money to invest with to busting my a** off on Uber eats for four months to raise about $20k to start trading with Susan Jane Christy. I am at 128k right now, I'm loving that you brought her up here
A recession seems like the "most likely outcome for the economy," and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967,000. How can I ensure I reach this goal, and what steps should I take?
In 2008, I almost lost everything. I pulled my money out and invested with my wife's wealth manager. While I haven’t matched her profits over the years, I do manage to earn more. Haha!
This is great. I started investing with a wealth manager in 2020, too. I hated myself for a long time because I didn't know I could do that. Funny how I have quit my day job, because my profits cover for every living expense.
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Monica Shawn Marti” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?
@@Bobhenry-c7z The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date.
@@dogmom-pt5we Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@handlemonium No incoming inventory + average demand = higher prices. Eventually shortage. Think 2020 toilet paper crisis - except for everything on the store shelf is the toilet paper…
I heard from a Casual Long shoreman that this isn't gonna be as bad as people make it seem to be. He says there's still gonna be scabs working and a lot of shipments get sent to the West Coast.
@@edcko10Depends on the duration. One week or less, you’re correct. More than a week, it would get messy. Certainly will be shortages and inflated costs for goods; specific to consumers on the east coast.
I legit wrote this comment 2 weeks ago in the "Warning: China is Collpasing" Video: "Kevin, you need to take a hard look into the drayage and intermodal industry, especially the drayage truckers. There’s something incredibly alarming happening-drayage is grinding to a halt, and the trucking industry is already in the middle of a mass exodus and a severe depression. It feels like a massive crisis is unfolding, and no one is talking about it. This could be a ticking time bomb."
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
I was just thinking the same. Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Stock holders will not allow companies like Walmart to eat the rising cost of getting inventory. Prices will go up and we will be right back where we were with high inflation and the FED will have to raise rates again.
Right back up to what? Prices are crazy high. We have not had ANY deflation yet... and the FED just cut.. which means we are getting ready to have the second leg of inflation which is always worse than the first.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Simply "buy and hold". It will be worthwhile in the long run. Although higher interest rates typically translate into lower stock prices, investors should be wary of the bull run. To reach your growth objectives and prevent mistakes, it's best to speak with an experienced adviser.
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
This is quite remarkable! Would you kindly provide your advisor's details? My portfolio is currently experiencing severe retrogression, thus I must decide whether to sell some of my holdings or hang onto them. I am in desperate need of asset allocation.
My CFA *Layan Talia Chokr* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
@@RichardTNyes it will make sure it happens faster this way. They get a small raise and in 2 years they will fire most of them. Look at the car unions. They got raises then everyone got laid off. lol
@@RichardTN the unions can’t change math. They can make whatever agreement they want. If the business aren’t profitable they will make other plans. This is how reality works. Toy should look into the deals that Detroit had before it collapsed. That isn’t how unions work and grow. They are supposed to be a partnership between The workers and the management not in opposition.
Once the government becomes as corrupt as it is now all this debating policy is pointless. The level of manipulation and juicing of the economy with borrowed government money ( which you will have to pay down for ever and ever in tax or inflation or both) makes it difficult analyze except for the fact that eventually there will be a catastrophic collapse.
I already suspected it, but after the Biden-Trump debate, it was very clear to me that the Obamas and Clintons have been running the country for the last four years. Not Joe Biden. And they will be running the country for the next four years if Kamala is elected president.
I believe the Clintons and the Obamas have been running the country for the last four years, not Joe Biden. And if Kamala is elected, I believe they will continue to run it. Kamala will just be the face of it all.
Bro your previous video with Glass screen was good. Pure professional. This studio give me feeling of " a influencer who don't the stuff just betting on randomness" I have been following you for 6 month. I know you know the stuff But still, impressions
Hey Kevin, you've put out some great content over the years, and I truly appreciate you taking the time to educate people and make a positive impact. That being said... if you think these companies are just going to eat the extra cost and not relay that on to consumers, I would like you to share whatever you've been smoking with the rest of us. Increasing prices on goods is not the only way they pass the cost on to consumers. Shrink flation has been happening for decades. The past four years have only accelerated that. It will continue whether prices increase or not.
Kevin show some dam respect for working class Americans. Don't piss us off will protest and strike and crash the economy. This country belongs to working class Americans never forget that. 🇺🇸
@northjerseykevin409 If they think this makes them NOT want automation, then they have lose their mind. My employees do this I will immediately look at ways to replace.
Thank you for making this video Kevin. The reason that I mentioned this strike being a potential black swan last Thursday (in the comment section) was in part because the general public was not aware of this..but moreso because of the butterfly effects from the cargo containers not leaving our ports. These are transnational cargo containers. Who knows what kind of knock-on effects could happen globally as a result. (Aka, black swan.) Anywho, thanks for the video. Keep up the good work bruddah ^^
Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
dude, they go on strike and hold the country hostage every other year. You have guys just taking advantage of the system and a lot of them are making stupid money for nothing. I believe in fair wages, but this is getting out of hand. They got what they wanted a few years ago... I don't understand why it keeps happening.
Well the work they do is the result of hundreds of millions of dollars in infrastructure at each port. The union didn't pay for the waterfront land, cranes, a hundred acres of paved storage lot etc.
Do they have to be unionized. I know a lot of people who would work at the docks for a lower hourly rate and would actually put in work for the hours they get paid.
It’s wild to me that their pay stops during strikes. In Europe companies would be obliged to continue paying them, so the incentive for them to agree with workers is much higher.
Yes, or if there is a strike we will increase the cost of our products because our costs will increase and we won't stomach the entire increase retailers will increase the price of their products.
The goods that companies have in stock go up in value to the companies holding inventory so they will increase their prices on their current inventory so consumers will see a price increase on existing goods being sold. So anything imported most likely will go up so we will see inflation on consumer goods.
Given the rate cut, what strategy would you say is the most effective at this time? My portfolio allocation includes 20% in index funds, 20% in CDs, and 30% in bonds and T-bills. I want to investigate strategies that could leverage a potential bubble.
This is the reason I chose to work with a fiduciary for my investment decisions. Many fail to recognize the importance of advisors until emotional choices lead to financial losses. My CFA, Kris Lizette Dornbush, crafted a tailored strategy that aligns with my long-term goals and offers guidance on when to enter and exit my equity investments. My portfolio has since grown to over $850k, which is my highest achievement to date.
yes it will increase rail traffic. but i have seen this before where it over whelms the system and cause tremendous stress on dispatch. derailments and train wrecks increase and the whole system goes into gridlock.
If shipping and trucking stop. Food runs out in 5 days. Then what? Respect the folks that keep the plumbing of the system working. And pay them more. They deserve it.
I’ve realized that when Big Kev has a doomsday scenario/stock market crash. I just go bullish when Kev has a positive news I go bearish it’s been working!!!!!
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Stacey James.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
minimum wage should be $50 hour adjusted for inflation. The quality of life has degraded 15 fold because of uncontrolled spending since the dollar decoupled from the gold standard. Kicking people into a $15 /hour box is not the answer. The system needs to be changed, and inflaion should be under control...we need to get back on the silver or godl standard, and stop this insanity of devaluing peoples money.
We need these good paying middle class jobs. These men and women handle billions of dollars of goods in and out of the country every day. They deserve a raise and they absolutely deserve to have their jobs protected from automation.
The Los Angeles/Long Beach ports(largest port in the united states) were closed for 2 days last week because of the Lithium-ion battery fire and nothing happened. I think we will be fine even if they strike for 3 days.
Lack of interest by administration signals they want, and possibly are causing, this port strike.Possibly to cause chaos, probably to pose as saviors when they come in and settle strike.
Well we still have planes Trucks and rail trains for transportation once all forms of transportation are disrupted then we have an issue at hand we would not be able to supply demand and delays would happen.
Meantime I'm a little surprised at the lack of coverage on the Boeing strike. 33,000 IAM union workers are going on week 3 of their strike. Boeing's credit rating is most likely about to be downgraded to junk status TODAY and nobody is really talking about it.
ILA sure not helping themselves in the case against automation. 77%? No desire to negotiate? This is a long term big brain play by the shipping companies to speed up automation.
Sorry, but why wouldn't inland trans go up as well? It wouldn't be isolated to air and rail. if you're moving containers into the US ports the last thing you want to use is AIR lol. The expense is insane compared to rail and inland trans options, even at higher rates.
Investors have to understand that introduction of new innovations can be very disruptive for workers. Workers need the work to feed families. If workers do not earn, they do not spend. Henry Ford understood this well. The labor market needs time to adapt to the innovations so that the change can be easily absorbed, otherwise backlash will come. Forcing workers to come back to work will only cause a political backlash and the US is at the verge of a major election. Biden will never sign it because if it does, Democrats will loose the elections.
They deserve their money. They work a important difficulty and dangerous job they deserve to make their money. I honestly hate corporations. They give CEOs millions and pay worked as little as they can
Lol you obviously have never been to a port. Their work isn’t easy but they sit around and don’t do sh8t if they don’t have to and they salaries START at 100k out of high school. They don’t need a pay raise and because they’re union they know they can sit around and do whatever they want. A lot of union guys at the port at lazy jerks at least from my experience with people that know them. I own a trucking company and talk to a lot drivers and port workers that hate union guys.
Unsure how raising your employers costs will prevent automation. Imagine being an employee but thinking you should tell your boss what to do. That everything has to be upside down is exhausting. Can’t we have even one thing be logical? No wonder geniuses become farmers.
I don't know why we'd do that. I love a country the size of the US being held hostage by 45,000 dock workers using our push over Alzheimer in chief to get raises at will.
Is cuz government is printing money 1 trillion every 100 days so that’s why house médium prices are 450k vs 300k 4 years ago. People want a salary to be able to buy the most basic things: a house, a car, and support a family. They don't want yachts or airplanes. The younger don't even want to work because what's the point of working 60 hours a week if they can't buy a house? Poor people working
They want to automate out of greed. Things will not get cheaper. They will just make more money with less overhead. Meanwhile 1000’s of families will be without support
Not true. We literally buy BULLSHIT. In reality there are only like 5 to 7 things we KIND OF TO SOME EXTENT don’t have control of. 75% things bought from Amazon is nonsense
Umm Black Swan event could be Iran Israel conflict. Who knows what the economic damage the Hurricane has caused, there is a lot of displacement. I think this port may be the least of the worries.
Ideally, the port would shut down and Americans would learn how to make stuff again and pay appropriate prices for items instead of five dollars for a T-shirt maybe $25 right now you can buy an American made T-shirt for 15 bucks. There’s no reason to get them from China in my opinion, the workers will find better jobs if their job goes away and if technology this place is some of them, they will grow business like you said and in general grow their numbers because the business is better not because they want to protect their jobs
I plan to retire at 62 in another country outside the US that is free,safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that time arrives but I'll also have atleast one pension, a 403 (b) and a very prolific investment account with Susan Jane Christy, my FA. Retiring comfortably in the US these days is almost impossible
I know this lady you just mentioned, Susan Jane Christy. She is a licensed broker and a FINRA agent. She is popular in the
US and Canada, she's really a skillful and experienced woman in that area
I went from no money to invest with to busting my a** off on Uber eats for four months to raise about $20k to start trading with Susan Jane Christy. I am at 128k right now, I'm loving that you brought her up here
I'm planning to retire in a conservative Christian community in Texas. I'll pay for my home in full and retire comfortably in my country
I've heard of her
How can I reach her guys, if you don't mind me asking?
My new American Dream is to leave. Housing costs, medical costs and the IRS are three of the reasons that make it so.
A recession seems like the "most likely outcome for the economy," and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967,000. How can I ensure I reach this goal, and what steps should I take?
In 2008, I almost lost everything. I pulled my money out and invested with my wife's wealth manager. While I haven’t matched her profits over the years, I do manage to earn more. Haha!
This is great. I started investing with a wealth manager in 2020, too. I hated myself for a long time because I didn't know I could do that. Funny how I have quit my day job, because my profits cover for every living expense.
That's quite impressive! I could really benefit from the expertise of these advisors; my portfolio has been performing poorly. Who is guiding you?
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
pls how can I reach this expert, there's bloodbath on my porfolio and I need someone to help me with it
I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Monica Shawn Marti” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I'm mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $350k?
You might be waiting a long time, trade the chart! learn how to create a basket of securities like an expert or seek guidance fro
one
@@Bobhenry-c7z The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date.
@@purplebliss6875 I could really use the expertise of his advsors
@@dogmom-pt5we
Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@purplebliss6875 I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I work by port elizabeth nj. it is dead here
No incoming inventory + way less consumers willing to buy = stable prices?
@@handlemonium No incoming inventory + average demand = higher prices. Eventually shortage. Think 2020 toilet paper crisis - except for everything on the store shelf is the toilet paper…
Work with the port here in Jax. Same here.
I heard from a Casual Long shoreman that this isn't gonna be as bad as people make it seem to be. He says there's still gonna be scabs working and a lot of shipments get sent to the West Coast.
@@edcko10Depends on the duration. One week or less, you’re correct. More than a week, it would get messy. Certainly will be shortages and inflated costs for goods; specific to consumers on the east coast.
Stop using the term black swan. A black swan is a 6 sigma event. A port strike is definitely not six sigma lol.
Six Sigma is the morning after Taco Bell.
bro is a clown 🤡 or what
Black swan is an unknown event
Port Strike, 3rd worst thing that could happen in the world. 1. Another Pandemic 2. World War 3. Anything Resulting in Cutting off Global Trade
It’s also very racist
I legit wrote this comment 2 weeks ago in the "Warning: China is Collpasing" Video:
"Kevin, you need to take a hard look into the drayage and intermodal industry, especially the drayage truckers. There’s something incredibly alarming happening-drayage is grinding to a halt, and the trucking industry is already in the middle of a mass exodus and a severe depression. It feels like a massive crisis is unfolding, and no one is talking about it. This could be a ticking time bomb."
Hell yes it could. If the ships and the trucks stop... that would be stupid crazy.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
I was just thinking the same. Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Food ? Will this affect food supply and or pricing
Stock holders will not allow companies like Walmart to eat the rising cost of getting inventory. Prices will go up and we will be right back where we were with high inflation and the FED will have to raise rates again.
that will be hilarious. Robust economy my ass clearly people are out of cash do companies expect for people to take constant paycuts?
Right back up to what? Prices are crazy high. We have not had ANY deflation yet... and the FED just cut.. which means we are getting ready to have the second leg of inflation which is always worse than the first.
Completely agree. They never eat the cost. The consumers do
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Simply "buy and hold". It will be worthwhile in the long run. Although higher interest rates typically translate into lower stock prices, investors should be wary of the bull run. To reach your growth objectives and prevent mistakes, it's best to speak with an experienced adviser.
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
This is quite remarkable! Would you kindly provide your advisor's details? My portfolio is currently experiencing severe retrogression, thus I must decide whether to sell some of my holdings or hang onto them. I am in desperate need of asset allocation.
My CFA *Layan Talia Chokr* a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
The union and company negotiatiors haven't met for 3 months. This will be entertaining.
@@Username18981 that’s what I’ve heard…. Kind of hard to believe
@@Username18981 false.
Do these port dudes not understand ai and robotics already replaced entire ports in Asia and Europe , strikes like this only end with automation
Good. More bots
More bots yay ~ AI
Seriously go to Singapore the dock is like 20% as big and does 5x the volume.
@@RichardTNyes it will make sure it happens faster this way. They get a small raise and in 2 years they will fire most of them. Look at the car unions. They got raises then everyone got laid off. lol
@@RichardTN the unions can’t change math. They can make whatever agreement they want. If the business aren’t profitable they will make other plans. This is how reality works. Toy should look into the deals that Detroit had before it collapsed. That isn’t how unions work and grow. They are supposed to be a partnership between The workers and the management not in opposition.
Who thinks Harris is 1000X worse than Biden
Once the government becomes as corrupt as it is now all this debating policy is pointless. The level of manipulation and juicing of the economy with borrowed government money ( which you will have to pay down for ever and ever in tax or inflation or both) makes it difficult analyze except for the fact that eventually there will be a catastrophic collapse.
Taxing the rich would actually pay the debt of the usa imagine the billions of dolars we could get on unrealized gains
I don't know Biden is pretty bad
I already suspected it, but after the Biden-Trump debate, it was very clear to me that the Obamas and Clintons have been running the country for the last four years. Not Joe Biden. And they will be running the country for the next four years if Kamala is elected president.
I believe the Clintons and the Obamas have been running the country for the last four years, not Joe Biden. And if Kamala is elected, I believe they will continue to run it. Kamala will just be the face of it all.
Bro your previous video with Glass screen was good. Pure professional.
This studio give me feeling of " a influencer who don't the stuff just betting on randomness"
I have been following you for 6 month.
I know you know the stuff
But still, impressions
Hey Kevin, you've put out some great content over the years, and I truly appreciate you taking the time to educate people and make a positive impact. That being said... if you think these companies are just going to eat the extra cost and not relay that on to consumers, I would like you to share whatever you've been smoking with the rest of us. Increasing prices on goods is not the only way they pass the cost on to consumers. Shrink flation has been happening for decades. The past four years have only accelerated that. It will continue whether prices increase or not.
How bad will (COST) get affected by this port strike?
50% of all goods
Kevin show some dam respect for working class Americans. Don't piss us off will protest and strike and crash the economy. This country belongs to working class Americans never forget that. 🇺🇸
Elites need to be put in check
Asking for a substantial raise in this kind of economy is wild
@@blipblop92 Right? Now is not the freaking time. It is selfish considering the state of the nation. Save it for after the election, wtf.
And they are already making bank. I know guys down there making 300k. I think it’s more about resisting automation.
How dare we ask for a raise from these corporations making record profits.
@northjerseykevin409 If they think this makes them NOT want automation, then they have lose their mind. My employees do this I will immediately look at ways to replace.
@@Menace_Media they're already being replaced. There's been automation at the ports for a while.
Have to blame inflation on something
This is why unions are terrible for the USA
Bann unions
@@jeffhadley3362 inflation is just another way of getting all the money back that they printed..
I hope they strike for months and months and months and everything everyone buys doubles in price.
Thank you for making this video Kevin.
The reason that I mentioned this strike being a potential black swan last Thursday (in the comment section) was in part because the general public was not aware of this..but moreso because of the butterfly effects from the cargo containers not leaving our ports.
These are transnational cargo containers. Who knows what kind of knock-on effects could happen globally as a result. (Aka, black swan.)
Anywho, thanks for the video. Keep up the good work bruddah ^^
I have to ask? How many ports are actually on strike, and how many were put “out of commission” from the hurricane and are on “strike.”
Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
Glad to hear you and Lauren haven't got a chance to try that life insurance out yet, that's great news 💯
The consumer always pays the bills for higher good, the companies wont just eat the cost if shipping goes up
They do the work. They deserve the money.
dude, they go on strike and hold the country hostage every other year. You have guys just taking advantage of the system and a lot of them are making stupid money for nothing. I believe in fair wages, but this is getting out of hand. They got what they wanted a few years ago... I don't understand why it keeps happening.
Well the work they do is the result of hundreds of millions of dollars in infrastructure at each port. The union didn't pay for the waterfront land, cranes, a hundred acres of paved storage lot etc.
They are already paid. lol kids.
@@joesmith3590 pay a living wage or someone else will. Fuck em
Do they have to be unionized. I know a lot of people who would work at the docks for a lower hourly rate and would actually put in work for the hours they get paid.
It’s wild to me that their pay stops during strikes. In Europe companies would be obliged to continue paying them, so the incentive for them to agree with workers is much higher.
what stocks would be heavily affected by this? Amazon puts maybe?
If there is no strike, that inventory buildup could lead to some big pre- and post-Christmas sales!
Yes, or if there is a strike we will increase the cost of our products because our costs will increase and we won't stomach the entire increase retailers will increase the price of their products.
You didn't hear? Things got to expensive the credit cards are maxed out... christmas is cancelled this year. 😂
The port strike is particularly interesting. Who are the player’s in this game. Is it international?
Yes. USMX is topped by foreign owners.
Thank you! I learned so much and you made it very easy to understand!
Wow Jim, so tomorrow you're going to be bullish? "Bullish AF, the FED let out a fart, time to buy!!!"
The goods that companies have in stock go up in value to the companies holding inventory so they will increase their prices on their current inventory so consumers will see a price increase on existing goods being sold. So anything imported most likely will go up so we will see inflation on consumer goods.
I want to sell my Toyota Rav 4 soon, I wonder if I will get more for it because there might be a shortage shipped in?
not sure how many rav4 are there on lots. but there’s a massive inventory of vehicles for sale rn. so not sure
@@garrettbewsy144 yeah, but I think Toyota still has the lowest inventory because they on purpose reduced their shipments..
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KAMALA= INFLATION....., TRUMPTY DUMBTY= HYPERINFLATION.
thanks for letting us know what 3 dozen is
Respect to the Strong union guys
yes it will increase rail traffic. but i have seen this before where it over whelms the system and cause tremendous stress on dispatch. derailments and train wrecks increase and the whole system goes into gridlock.
Strike 10/1, 10/2, 10/3 good faith agreement to be back to work 10/4. After that....who knows.
If shipping and trucking stop. Food runs out in 5 days. Then what? Respect the folks that keep the plumbing of the system working. And pay them more. They deserve it.
All in on $ZIM the port strike stock
These things should never happen ever. Have lots of time to address and fix any issues.
I’ve realized that when Big Kev has a doomsday scenario/stock market crash. I just go bullish when Kev has a positive news I go bearish it’s been working!!!!!
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Fast food workers need to go back to 15 a hour and there raises should go to these people
minimum wage should be $50 hour adjusted for inflation. The quality of life has degraded 15 fold because of uncontrolled spending since the dollar decoupled from the gold standard. Kicking people into a $15 /hour box is not the answer. The system needs to be changed, and inflaion should be under control...we need to get back on the silver or godl standard, and stop this insanity of devaluing peoples money.
But who has the biggest PP to pass those cost down to the consumer?
I have a big PP. The biggest PP, everybody talks about it.
We need these good paying middle class jobs. These men and women handle billions of dollars of goods in and out of the country every day. They deserve a raise and they absolutely deserve to have their jobs protected from automation.
how you going to protect jobs from automation go back to stone age? increase in production should reflect an increase in pay
Reagan during the air traffic controllers strike said it was illegal and ordered them back work.
That was the rise of America. This is the fall
Is Uber/Lyft/DoorDash worth shorting with the possible interruption In the taxi/food delivery service with Teslas upcoming Robo Taxi?
Or could that back fire and said companies above partner with Tesla?
The Los Angeles/Long Beach ports(largest port in the united states) were closed for 2 days last week because of the Lithium-ion battery fire and nothing happened. I think we will be fine even if they strike for 3 days.
Lack of interest by administration signals they want, and possibly are causing, this port strike.Possibly to cause chaos, probably to pose as saviors when they come in and settle strike.
You would think that would be a awful tactic
@@dalebruno5201 i agree but insane people do crazy things……certainly i hope to be wrong about this
It will backfire when we get shortages and higher costs .
Why would you have striking benefits, that would only help them strike longer
Perishable goods are not stock piled
0:23 "Have they done it before?". Nope, they never did it before, ports have been closed since the strike of 1910 and we've never recovered!
I don't think you know what a black swan event is. It's a huge event that's completely unexpected. Not a port strike.
Well we still have planes Trucks and rail trains for transportation once all forms of transportation are disrupted then we have an issue at hand we would not be able to supply demand and delays would happen.
How can the government for the union workers back to work? What if they refuse?
Meantime I'm a little surprised at the lack of coverage on the Boeing strike. 33,000 IAM union workers are going on week 3 of their strike. Boeing's credit rating is most likely about to be downgraded to junk status TODAY and nobody is really talking about it.
Next video: “I’m bullish and going all in the market with ATH’s!” ….
😂
Good! Let’s support workers. Unions FTW!
Does meet Kevin understand that there will always be recessions?
How about making a video about the impact of Hurricane Helene ? the damages across 5 states?!
@@wendyp9091 just watch the news
Blame trump for defunding FEMA
Trump is a corrupt felon
Trump said everyone should have known it was coming. Whats the problem?
Thank you for a great update
Innovation will be a replacement of the labor market.
@@exit07 No UBI 4 U 😂
GIVE THE WORKERS WHAT THEY WANT
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Give them a $1000 a day 🎉
We aren’t asking for anything unreasonable based on how much these shipping lines make.
Some of them only get paid 30s per hour. That wage is not enough to support a family. They want $5 increase per year for the 6 year deal
It is my understanding that 1 day will back up for 1 week, 1 week- a month. 1 month- into 2025 and exponentially onward.
ILA sure not helping themselves in the case against automation. 77%? No desire to negotiate? This is a long term big brain play by the shipping companies to speed up automation.
Bro the ILA started negotiations 2 yrs ago and just met last night. Do some research before you soeak
Is Verizon wireless out today?
Plus...BOEING STRIKE
Higher wages will speed up automation adoption
staying away from US stocks for right now and looking to buy dips on chinese stocks
I tried to buy a stelanits put Friday and Robin hood said no
Thanks Trisha Takagawa
Very informative thanks Meet Kevin
Sorry, but why wouldn't inland trans go up as well? It wouldn't be isolated to air and rail. if you're moving containers into the US ports the last thing you want to use is AIR lol. The expense is insane compared to rail and inland trans options, even at higher rates.
Who has a good video that discusses what the strike is about?
Workers of the World, Unite!
Investors have to understand that introduction of new innovations can be very disruptive for workers. Workers need the work to feed families. If workers do not earn, they do not spend. Henry Ford understood this well.
The labor market needs time to adapt to the innovations so that the change can be easily absorbed, otherwise backlash will come.
Forcing workers to come back to work will only cause a political backlash and the US is at the verge of a major election. Biden will never sign it because if it does, Democrats will loose the elections.
Workers talk, greedy CEO’s/economy walks …
This will be a supply and demand issue prices will go up Kevin also I'm pretty sure the ports deal with oil too so oil prices will also go up
Interesting timing for a port strike
They are going to stop working at 2 pm today at Port newark, NJ They are holding all the truck drivers now.
They deserve their money. They work a important difficulty and dangerous job they deserve to make their money. I honestly hate corporations. They give CEOs millions and pay worked as little as they can
Lol you obviously have never been to a port. Their work isn’t easy but they sit around and don’t do sh8t if they don’t have to and they salaries START at 100k out of high school. They don’t need a pay raise and because they’re union they know they can sit around and do whatever they want. A lot of union guys at the port at lazy jerks at least from my experience with people that know them. I own a trucking company and talk to a lot drivers and port workers that hate union guys.
CEOs deserve their money
Wow, I'm the first view. I feel honored!
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Come on Kevin!!!
What will happen to truck drivers?
Why no strike when economy boom boom ? Only when bad bad
I love your videos Kevin. But this one day before the strike? Behind the curve on this. They will strike, no doubt.
Unsure how raising your employers costs will prevent automation.
Imagine being an employee but thinking you should tell your boss what to do.
That everything has to be upside down is exhausting. Can’t we have even one thing be logical? No wonder geniuses become farmers.
Maybe this is why Powell is coming out to speak? Idk.
That’s the biggest reason they are trying to automate, is due to there high wages
I don't know why we'd do that. I love a country the size of the US being held hostage by 45,000 dock workers using our push over Alzheimer in chief to get raises at will.
Maybe AI will suddenly start working and stop being hype fraud? Or not.
Is cuz government is printing money 1 trillion every 100 days so that’s why house médium prices are 450k vs 300k 4 years ago. People want a salary to be able to buy the most basic things: a house, a car, and support a family. They don't want yachts or airplanes. The younger don't even want to work because what's the point of working 60 hours a week if they can't buy a house? Poor people working
They want to automate out of greed. Things will not get cheaper. They will just make more money with less overhead. Meanwhile 1000’s of families will be without support
The consumer will always pay more because they dont have a choice
Nooo speak with your wallet and don’t buy!!!!
Not true. We literally buy BULLSHIT. In reality there are only like 5 to 7 things we KIND OF TO SOME EXTENT don’t have control of. 75% things bought from Amazon is nonsense
One day. One day; you will be right Kevin.
Umm Black Swan event could be Iran Israel conflict. Who knows what the economic damage the Hurricane has caused, there is a lot of displacement. I think this port may be the least of the worries.
Kevin himself is the black swan. He keeps making these recession and black swan videos all the time.😂
Automation should have been more discussed. How realistic is it that robots replace them all. It’s already complete in Germany I think
Ideally, the port would shut down and Americans would learn how to make stuff again and pay appropriate prices for items instead of five dollars for a T-shirt maybe $25 right now you can buy an American made T-shirt for 15 bucks. There’s no reason to get them from China in my opinion, the workers will find better jobs if their job goes away and if technology this place is some of them, they will grow business like you said and in general grow their numbers because the business is better not because they want to protect their jobs
there have been 27 black swans in the past 3 years and it only meant new market highs
Best intro ever! LMAO didn't know Kevin was a Borat fan
You betta thank a union memba!
Air cargo rates while Boeing is on strike as well 😂
Excellent !!!😂