Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@@marcelrobert9569 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@robertlucas8288 She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@marcelrobert9569 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been talking to a coach or a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@berkrix4312 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@berkrix4312 Thank you for this tip , I must say, Julie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
Since the US stock market had been on its longest bull run ever, the widespread panic and frenzy are understandable given that we are not used to such unstable markets. However, there are opportunities available if you know where to look. In the last ten months, I have made almost $850,000.
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
I think it's especially difficult for people who are retired or about to retire. My apologies to everyone who retired during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.
Concerning the future and where we're all going, especially in terms of money and how to get by, I'm quite concerned. I'm thinking about making my first stock market investment, but how can I accomplish so when the market has been in a shambles for much of the year?
I'm convinced that the only proven method, which no one will admit to employing, is keeping in touch with an investment adviser. I've raised over $700k since 2017 and can declare with certainty that their skill sets are top-notch based on personal experience. I recently purchased my third rental property.
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@@kimyoung8414 It’s a She actually, Eileen Ruth Sparks I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
It is unsettling to increase stock and index fund purchases during stock market downturns and bear markets, let's face it. Which makes it extremely challenging for most individuals, like me, to do. It's difficult to take the plunge and transfer the million dollars I have into an S&S.
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Julie Anne Hoover. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
@michaelrenner3 She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
@@danieljackson87 Thanks, I just Googled her and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Let me get this straight, there is no Energy Shortage, there is no Food Production Shortage, no Industrial output issues. It appears to me that these issues we are facing are systemic and a reflection of this system we continually support. Every 7 to 9 years we have major issues. The system is broken and seems to be we are in a continual maintenance mode. If I was in a relationship like this I'd be looking for a new one.
The system isn't broken, it's natural that there's high growth and then there's low growth. For the future viability of the system it has to cleanse itself periodically. All systems have there ups and down it's like our daily circadian rhythm, during the day we're up and active. To enable that daily activity we need to rest at night and this is when our brain rejuvenates and our body repairs itself.
Continuous growth is impossible to achieve as our world is not an endless resource, it has to rest from the higher economy exploatation, from time to time. It is like a human body - as described above...
@@paulos9759 I agree with you we cannot go for endless growth eventually the whole thing will collapse. This will all end in pain and suffering, we are creatures that have the ability to unravel the mysteries of the Universe but unfortunately we don't have the Wisdom of God. I suspect the Universe/God is playing the long game for its own amusement until we run out of moves and then the game is all over.
Larger companies make up significantly more GDP and more of the job market than small businesses do. They’re larger and more productive, but the high taxes combined with Inflation and weak purchasing power of consumers, is recipe for recession
The fact that in this highly advanced world we still measure the worlds economic progress in terms "yay growth" and "noo recession" gives you an idea of how entrenched modern economic theories are in their positions.
Let’s start with the recession we’re going into, we’re still calling it a recession yet unemployment isn’t failing like the Great Depression where one of the most critical factors was high unemployment. It seems like we’re acting as if what’s happing now is in anyway similar, despite the fact that more things have changed then stayed the same in the last 100 years. The knowledge we have regarding “recessions” may very well not be valid for the situation we are facing.
I agree. Continual growth economics needs to change to sustainability. My husband and I are not survivalists but rather environmentalists. We have had solar for 20 years. We got battery backup after the power went off for 32 hours once. We put in 3,200 gallons of rain tanks as we live in San Diego County. We bought a used Chevy Volt which gets 50 electric miles before gas kicks in. We calculated we bought two-thirds of a gallon of gas a month on average since we bought it. We get a rebate on our electric bill at the end of the year. We rarely eat out (like three times a year now). So far inflation has not hurt us much (we are in our 70s). But I am sorry for those whose rents have skyrocketed. It is just wrong.
"struggle to hire workers" If they offer a "competitive" 2014 salary in november 2022, no wonder they do "high inflation is a challenge for ̶a̶l̶l̶ ̶o̶f̶ ̶u̶s̶ poor people" If food, heating, loan/ rent etc. takes 10% of one's salary and now due to inflation it takes 20% instead, it's not a problem. If it took 50% (or more) and now 100%, suddenly you have to make choices if you gonna heat your home or eat.
When economists keep saying they are confused by low unemployment rates coupled with a bad economy maybe it’s time to update how we calculate unemployment rates.
Exactly!!!!! But the only people who feel this are the ones who don't make those six and seven figure incomes. The thing is that a huge percentage of Americans make under 50K a year but they are so busy trying to make ends meet via working long hours that you don't hear much from them since they don't have time to be jerking around on social media or protesting.
And if it becomes a choice of having a home and eating, well, often that becomes a choice of eating. I never hear about causes of homelessness, only complaints about the mess it leaves behind. Economists focus on things like costs. Why is there no focus on people?
@@kristinamelnichenko5775 ... or maybe it's time to rein in the CEOs and rich, whose pockets are seeing fantastic profits, while the rest of us are financing it and suffering.
I've come to realize as an investor that instead of letting my money sit idle in my savings account it is more productive to invest the little available and build a portfolio from the accumulated profit of investment
Same here with my current profit of $59.000 made from my investment with Mrs Emily Cofield's trading platform I'm totally convinced she's the best trading broker I have worked with and her strategies are so easy to adapt she's such a blessing to me especially in this current dip
@@azid5704 I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks, I still hold enormous value of cryptos and it scares me. Whats your take on this?
@@laurenedaigle775 There are many reasons for this drop in value. One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.
I invest with Mrs Erin mary clancy too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with, Mrs Erin mary clancy, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
It's over, we have known the apogee of our time. The corrupt government will overthrow this country like Rome did. My condolences to anyone approaching retirement, you may be wondering if your retirement capital is sufficient to meet the rising cost of living. Bad energy policy, bad foreign policy, bad regulatory policy and insane tax policy
I can't zero in on the long run when I ought to be resigning in 3years, you see I have great organizations in my portfolio and a decent sum contributed, however my benefit has been slowing down, does it mean this downturn/temperamental market gives no reasonable courses of action valuable chances to create gain?
A population can be employed and still be poor, I hate the way they try to frame employment rates in the US where wages dont keep up with rising cost of living. There are the "working homeless". Work 40 hours a week but cant afford rent or a house.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
The concept of using spreadsheets has always seemed incredibly time-consuming and superfluous to me. Each month, I simply deposit a large sum of money into my savings accounts, retain my spending money in an other account, and make an effort to spend as little money as possible.
@@nobertheck There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@@jessicalandon8973 Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My mentor, "Alice Elaine Hayhurst," who has witnessed hundreds of market cycles over the past few decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next.
@@husseinhodrob Everyone's first aim should be achieving financial security by careful saving and investing as soon as possible. I really need some direction. Can this Fin coach lead me through these uncertain times, and why do you place so much faith in them?
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@Camila Aria Wow I know Mrs Naomi and I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her.
Her success story is everywhere. I keep on hearing expert Mrs Naomi's name being mentioned here and other platforms, Does she really worth the credits and reviews?
@@dorothysharon8351 yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
Why is it never mentioned in mainstream media that Oil&gas and Grocery companies are making record profits? If there are rising prices in these industries, but they're making money hand over fist, that part of the economy is not experiencing inflation. The banks do not have tools to respond to these particular issues, but governments do and few are doing anything about it.
It just feels like we've been bouncing from crisis to crisis for so long I can't remember a time before . You are incorrect about the '08 crisis . The inciting incedent was NOT people defaulting on loans . It was derivatives fraudulently overvalued (under risked) held by over leveraged investors being discovered . (edit:) It was the investors who were irresponsible . The homeowners may or may not have been .
That's because we have... it's actually considered "normal" by specialists, although this time it's a bit different. On average, there is a financial related crisis about every 15 years, last one was in 2008/2009 so we're right on schedule there...
@@daarom3472 if you’re excited about buying a home and the bank is telling you you can afford it who are you to question them? Banks were very happy to lend subprime mortgages knowing they sold off the risk.
I live in the city but have a small poultry farm, 25 cows and small biofloc fish farming set-up at my grandfather's village. Exactly 3 years ago i only had poultry farm. I am not afraid of recession at all.✌️
I think people are more depressed and lonely than likely any other time in history. Isolation got worse after quarantine but it’s a bigger problem than that. If I had a family to provide for, I would have an easier time motivating myself to go on living and working as hard as I can. As it is, I can work hard in hopes for more money, but there is no guarantee that working harder will even be rewarded and even saving money feels bad when most investments are losing value this year. Also the goal of money is to one day no longer need to work, so if that doesn’t feel likely or possible via saving then it feels like we’re just modern slaves (not blaming specific employers, but the whole economic system). The constant reminder that our efforts might be wiped out by nuclear war doesn’t help either. The economy can’t thrive on a population this demoralized and sad.
I agree, it's just an unprecedented combination of Covid, Ukraine, and I think the isolating effect of modern technology that is causing the global economy to crack. If the war situation can be resolved that's one less destabilizing factor, the Covid thing is slowly receding in people's minds as a concern, although there's still places where regulations are strict. I don't think anything can be fixed immediately but two of these three factors are not permanent, so there's reason for optimism.
I really feel you... Finding my own intrinsic motivations for everything I do in life rather than extrinsic motivations has been life changing for me. Elizabeth Phelps has a great video on this called "You Don't Hate It: How to NOT Quit Everything You Start". For example, making money is something that I "should" want, but it's not enough to motivate me, etc. I hope this change in perspective can help you, too.
@@gman7497 it's not that simple, what makes this recession global is the fact that USA offloads it's own recession to other countries via dollar. If the dollar will cease to be the default global currency the USA will plunge deeper into recession
I'm not really worrying about things like nuclear war in terms of what will happen to the fruits of my labour at that point. I don't have a family either and I'm not planning to have to one. I'm pretty well off with my salary and able to put a bit part of it into savings every month. But yeah, we are modern slaves. That's one reason why I will not have kids. I don't wish this reality onto anyone whom cannot choose it. From the age of 6-7 we start school, which is essentially just preparing us for the lifetime of work ahead of us and then we start working. Lucky ones find a job which they like and find fulfilling. For the rest of us, it's just a means to an end. Not really satisfying, but something you have to do to get bills paid.
Fragility of global supply chains was always apparent.. But neither business bosses nor politicians are strongly incentivised for long-term thinking and planning....
1%: "Why isn't Economy growing?" Everyone with a brain: "Because no one has any money." 1%: "What do you mean no one has any money? I haven't paid taxes in years!"
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@johnlennon232 Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@chris-pj7rk Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@@alexyoung3126 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with HEATHER ANN CHRISTENSEN for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Yes, you can and actually constant recession and/or stagnation has been linked to social disruptions, depression, reduce quality of life, etc. Unless you believe that every technology has already been invented and all economies operate at 100% optimum productivity, then you have plenty of room for growth. Not to mention the labor participation rate globally is at decade time low.
All this is compounded by the fact that wealth inequality in almost every country is at its all time high and hence this is creating a highly divided society with almost two different realities. Reminds me of how 21st century tech dystopia's are imagined in fiction.
The 'economists' say that unemployment is the "lowest" in a long time. But all we read and hear about are mass sackings by Amazon, Meta, Twitter, etc, and not much about hirings. Oh, maybe more folks are washing cars, waiting at tables, flipping burgers.. But car sales are down and people eat out less...
Every time central banks created an investment bubble it eventually bursted into their face. Instead of admitting mistakes they always just reinflate a bigger bubble. This is the second biggest bubble they can inflate - bond bubble (Bonds are trash). A bigger one is only currency bubble, which leads to hyperinflation like in Venezuela. Major central banks will soon face a decision between economy and price stability.
@@marshhen All financial assets (cash, bonds, crypto, fin. derivates) are eventually just claim checks on real things - cars, houses, food, weapons etc. Bond is a promise to pay you cash in some currency on a future date. Value of currency is being determined by how many people want it (and save it) and by how much of the currency there actually is. Most bonds in circulation are denominated in western currencies (yen, pound, euro or dollar) and are based on previous low interest rates. What is happening now is that interest rates go higher so price of existing bonds go down to match the price of the new ones paying higher interest. Soon they will go lower when people start to realize that those central banks cant stop inflation because they have too much debt - mostly due to boomer's pensions. It is very similar situation that lead to the French revolution in France at the end of 18th century. Always remember - debt is borrowing luck from future and is not free, someone somewhere at some point in time eventually pays for it.
@@miseno2531 Yes, and the existing financial capital is all issued as debt, which makes claims on future resources that exceed those resources. And its rate of growth exceeds the rate at which the underlying natural system is able to restore itself. However, most real assets are implicated in that system by virtue of property and ownership law which are unlikely to exist if currency collapses. Which only brings us back to the primacy of community - but the need communities that are equitable and sustainable. Not based on individually chasing financial claims worth less and less, while excluding as many other people as possible. In other words, the simple solution is right in front of us, but people can’t or don’t want to see it.
Of course. Those with coin, connections, clout, control, computer code, communities, and opportunities will ALWAYS have advantages which the poor will never, ever have. 99% of the population of Earth are slaves, but they just don't want to FACE that fact. It's too difficult to accept, because it means that they MUST acknowledge that they were born a slave, "lived" as one, and will soon DIE as one! 😂🤣😂
We have no one to blame for these crisis but ourselves: We elect a bunch of incompetent politicians who only focus ideology and interest of the big corporation the party and the rich. Sanctioning, trade and chip wars are all hurting our cost of living , disrupting supply chains ,energy and food.
These are just info war. The truth is far from reality. Pandemic disrupted demand and supply and the only way to control these crises is to deceive the consumers. I no longer trust the social media. Go out there in the real world far. You will see.. DW is just a tool like religion and rule of law.. We are not zombies controlled by the digital world.
Energy and food stability are also important though. Our vulnerability due to our reliance on Russian fossil fuels has been exposed this year, as well as the effect the loss of Ukrainian grain has had on the world food supply. Temporary hurt in order to transition to a more stable energy supply chain might not be the worst in the long run, it makes no sense to rely on a supplier who's willing to shut off the tap in the name of territorial expansion. Edit: typo: "fuel" instead of "food"
This is all the result of corruption of government on a global scale. These politicians all knowingly went down this road, cause instability is the goal.
Nice, another once in a lifetime event. As a millenial, it is the 4th or 5th? Something like that. Honestly I have a feeling that we are in a constant crisis, and this let me beleive the system is just flawd in its core.
Suggestion: Tell Corporations being less greedy for a while and reduce profit margin for a better tomorrow. Workforce costs are only 7.9% per workunit but 59% are profits. And if they don't force them by legislation and/or higher taxes and distribute the tax-money back to the people to offset inflation.
@@anurag_4455xxx this is a false narrative, the reason why govs dislike it's population having a more even distribution of money is because usage of credit will drop and that's a major wealth creator whilst removing the ability of the 99% to own assests outright ⬆️
@@AaronOkeanos also what causes inflation is also lots of money printing or is all capitalist adjacent schools of economics just wrong because I don’t want to hear the dumb idea that Stuff like the subjective theory of value is wrong
A recession occurs when a region's economy declines over several months or even years. To help prepare for a recession, job loss or other financial hurdle, aim to build an emergency fund that covers three to six months of living expenses. If you're falling behind in debt payments, reach out to your creditors and ask for hardship concessions. Source: Equifax
There is one element I miss and that is that prices of non scarce goods are also increasing. It is also companies hicking prices to increase profit, which of course is good for their growth... but in the end this extra money ends up in the pockets of the rich. Profit margins are the highest ever. At the same time salaries are stagnant. When considering inflation it is actually a pay cut. The rich are getting richer and everyone else gets poorer, and products are getting cheaper and shittier. I just wish it became more the norm that wealth should be distributed more evenly and that we change the economic system from a capitalism based into something a bit more social. Who cares how high economic growth is, when everybody is better off. Well I guess the rich won'l like it :P
As the results of the 2008 financial crisis, I took a teaching job in Guangzhou china from 2009-2013. There was no recession during the period in China, the rich were spending like no tomorrow. The pay isn't great but every quarter, we had a week off. I traveled all over China, Italy, Greece, France because the flights from Hong Kong were reasonable. I stayed in hostels to keep my budget low. Foreign workers can only transfer out of the country with maximum of $500/day. This is to keep the local economy going. Recent policy has changed, private tuitiors are not allowed anymore, I guess private tuitiors/ schools can't operate anymore. I'm glad I'm out of china, zero COVID for 3 years can break down mental health and the economy. Now we just have to survive 2022/23 recession, cut everything that is no- essential. I was at a job fair 2 days ago, a lady still wants to pursue her cosmetology ambition. I tried to hint that people are trying to spend on essential things, rent, food, heating bills, getting a facial is non essential...
Hi, I am not a cosmetologist, and I agree that getting a facial is non essential, however, according to research, historically, beauty has been recession-proof.
@@thaysapc3058 right?! People also need good haircuts and hair color for say, making a good impression at job interviews. Not everyone is great at DIY hair/skincare.
The thing not mentioned here, and elsewhere in the media in the US is that most (jobs ) are part time , low wage thats why (We are Hiring signs are always up.) Funny thats always missing.
Economists keep saying they are confused by low unemployment rates coupled with economic insecurity. Sounds like it’s time to update how that rate is calculated. They also did not mention trillions of dollars printed to protect companies from the pandemic.
Marx predicted that the world's capitalist system would eventually collapse because it is inherently flawed. Seems to me that we are seeing part of this collapse. We seem to be going backwards. Has the world's capitalist system already peaked? Have we seen the best of the capitalist system?
Trillions of dollars printed to protect companies from the pandemic is not mentioned as a source of inflation but fighting for democracy is. Quite the take
WELL, THERE ARE NOW OVER 5 TO 10 MILLION JOBS NOW GOING BEGGING, COULD IT BE THAT THERE ARE NO LONGER ENOUGH PEOPLE IN AMERICA TO WORK, ?? IN THE LONG RUN ALL BIRTH RATES AROUND THE WORLD ARE GOING DOWN AND MANY ARE IN A TOTAL COLLAPSE, AND CAN NOT RECOVER, NO WORKERS, NO FACTORIES CAN STAY OPEN , SO, A LONG TERM RECESSION IS NOW IN THE WORKS AROUND THE WORLD, AND CAN NOT BE STOPPED
@@domcizek The new workers in the workforce are finding out a job doesn't lead to financial independence like it used to some 40 years ago. So why work at all if you know you'll just end up broke by age 60?
It's normal. Nothing can increase eternally. We have been too spoiled and now we see no solution. All we have to do is adapt and stop unproductive complaining. Times have been bad in the past. Millions have perished and have had miserable lives. We're still here.
Exactly. people saying the high cost of living is why wages need to stop rising is because wages have increased way too high too quickly which makes producers raise prices because they can't afford more workers and this creates an inflation cycle. Maybe this wouldn't be happening if growth wasn't too eternal
1:17 The wisest thing that should be on Everyone's mind currently should be to invest in different streams of income that doesn't depend on govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencie (BTC,ETH)
Reading these comments encourages me alot, I have come across this Fx Jessica Leigh Caden many times in review. I would love to communicate with her💪. Thanks for sharing this 👍
@somasharks3836 Her good works is speaking for her, only the skeptical wait for other before trying to an investment opportunity. I'm very satisfied with my BTC in 2021 as I achieved a total ROI of over 4.7 BTC.
The fun part is, the spark for every recession is different, but they always function the same. Corporations make tremendous errors, Governments steal from the people, and the people suffer on both fronts. After time and great effort, a new "normal" is reached whereby the wealth of the people is definitively reduced.
A very sensible overview. I wish we had media like this in the UK instead of the bozos we have, who completely disregard Covid, China's zero covid policy, proxy war with Russia (!), etc, and simply demand an instant return to past prosperity. Demanding the impossible from politicians inevitably causes political instability, which only makes the problems harder to deal with.
Another crisis in our extremely flawed and increasingly outdated econoimc system. How many collapses should we go through until we realize that a steam age logistics system has become obsolete? The longer we treat capitalism as a religion we cannot criticize, let alone inventing a better alternative to replace it, the more catastrophes we will go through. Especially as we enter an era of globalized economics, fast travel, digital distribution and replication of information/media, advanced automation, biotechnology, 3D printing, etc. And that's before we take into account a potential transhumanist technological revolution that would be outright catastrophic if implemented/managed in a capitalist for-profit system.
I can understand that there are many factors today, but isn’t the elephant in the room the fact that printing money was how the bail outs and the cost of covid were paid for and the consequence is now hyperinflation? I wonder why nobody seems to mention or provide some analysis on the impact this has had or am I oversimplifying it (I.e. More money in circulation = higher cost of goods)?
I’m definitely feeling it the past 2 years I had money put away and I was able to go on vacation twice in Florida and kept saving, now is like I’m eating away my savings by monthly expenses even when I cut down a lot of things 4000 is my monthly expenses and I can’t even afford half no money left for anything instead missing money to cover my expenses is becoming to much feels like things are going to get a lil worse before they get better
@@908FE just rent alone is 2000 plus my car insurance, bills, food I live in Massachusetts so rent could be expensive here I have try to cut down in a lot of things still not making ends meet lately light bills went up 64% to pay 5.69US$ on a carton of eggs when it was 2.59 the difference is noted I have one child and 281 a month for food will not give for the whole month even when I stretch it to 3 weeks. I have been thinking moving to another state maybe Ohio my friend lives there and she’s doing pretty good she pays 800 for a whole house when I’m paying 2000 for a 2 bedroom apartment 🤦🏻♀️
Russia was an extremely reliable energy supplier until the US and the UK told Europe to stop buying energy from Russia. It clearly shows how these countries are cliant states of the US..and surprisingly the UK.
@DW News.👍 Thank You! This episode was Very enlightening. We're all feeling the pain, but ordinary people also need to understand how this pain came about, and how to prepare for the future. The Presenter was very good at explaining complex economic systems and helped me understand the economic mechanisms that play a big role in normal people's lives.
DW displays a distinct Bias. The influence of US producers seems to have considerable effects on their programming. Their methods appear to discount a lot of reality as Economic Warfare rages?
@@philipokarol4876 Because it doesn't matter, only to the Russians does it matter. You think you know better than professional economists, don't make me laugh.
As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much Mrs. Paula David for improving my portfolio.
One of the problem that countries are facing is US exporting their inflation through higher US dollar as most trades in the world are settled in US dollar. It is possible to see more countries starting to adopt other currencies as part of their trade settlements in coming future.
The way this works is other countries get less goods for their units of currency. It is high time the overvalued dollar was pit into a non reserve position.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stoc,ks, Gold, silver and digital currencies.
The key to high returns is not large moving stochastics. It is the management of risk in relation to reward. Putting on the appropriate size and twisting your edge as many times as necessary to achieve your aim. That applies to everything from long-term investing to day trading.
@@luciamason Even with the right technique and assets, some investors will still outperform others. As an investor, you should have realized by now that nothing beats experience. Personally, I had to reach out to a market analyst for guidance, which is how I was able to grow my account close to a million, withdraw my profits right before the correction, and now I'm buying again.
@@gabrielaethan4092 That's quite impressive! I could definitely benefit from the experience of these advisors, as my portfolio has been performing poorly....who is helping you?
@@luciamason You can use a search engine to hunt for Susan Lorraine Curry . However, I'm not certain that I can bring this up. In 2020, she attracted a lot of attention. She manages my portfolio and serves as my mentor
@Patrick Kim Wow😳 I know him and I have also been trading with him, he’s such an amazing man with good skills keeps me happy all week knowing! Barn 17thousand extra income in trading with him💯
Excellent presentation. The agricultural component is also complicated by drought in Europe, China, the American California Central Valley and the Great Plains and the developing drought in South America.
Bernanke and Paulson delayed the 2008 problems with Credit Cards. That is a brief explanation of how that Crisis was overcome. The problem with ignoring the debt that Credit creates, is the issue of eventual Sovereign Debt. The GDP needs a flow of funds to enable paying off $31 trillion worth of debt. Ag Commodities now are a major ingredient in economic issues. Russia was providing major quantities of Grain and Fertilizer. Sanctions have created major economic issues associated with that plan. The idea of removing that group of commodities from markets appears to have failed? Putin apparently noticed the support for the flow of phosphates, then he limited the amount, increasing prices for that commodity, as it strengthened the flow of funds to Russia. Mexico bought some Corn. That appears to be a one time effort to buy $6 Corn. As dry weather cuts into Corn production, the ability of the US to compete, seems to grow dim. Economic Warfare has many facets. Ag Commodities are just one.....
Doesn't help that the U.S. is taking on 10x the debt compared with the GDP growth. They are buying votes at the expense of our children since they will be out of office with their cushy lifetime pensions. Plus, they've crippled our energy production which would've made us a gigantic Dubai under Trump.
I think, that all said in the video can be fit in two words - human degradation. There are no values anymore, no human relationships. It's all around the money. But money shouldn't be the center. And of course the situation proves it... people don't have the will to do anything, or just prefer to go down the drain... it's sad but that's life. When people are less - the value is bigger
There is a desperate need to re-evaluate real wealth. growing the sense of value and worth of humans has to be the new starting point. Every job and worker is important, but only those with high income have been valued for the last two decades. Every person needs a safe healthy home at a fair cost of living with enough left over...not huge bank vaults full of stagnating investments of the few. Diamonds and gold may as well have stayed in the earth where God placed them if people only grab and store for self. God gave global 'wealth' for ALL to share
They love capitalism when it benefits them, but when they inevitably start losing, they cry to the Government in the name of protecting jobs. That's not fair to any one, and creates more wage Gaps and inequality. My job is not more important than an actual free market, because I can always find another job.
I was with you until the imaginary wealth part. Right at the beginning. Energy is life. Energy is wealth. Inequality is the motivation to produce wealth.
The US is already in a technical recession of 2 consecutive negative GRP growth. It appears that the tight labour market is bolstering the impact of high inflation, which is inevitable due to supply chain constrains and high demand. Developed markets are generally still in a good shape so long as employment remains healthy. However, the service economy has signs of slowing down. We must ensure that productivity in the economy is directed towards increasing food and energy security in order to mitigate the cost of living crisis. This is a global issue of paramount importance.
EVERYONE IS WORRIED ABOUT THE STOCK MARKET, THAT IS WRONG, ALL BIRTHRATES ARE GOING DOWN AROUND THE WORLD, THAT MEANS LESS PEOPLE TO BUY THINGS, AND LESS YOUNG PEOPLE TO CARE FOR ALL THE OLD PEOPLE THAT WILL BE INCREASING IN THE NEXT 30 YEARS,
If GDP is lower than inflation then that is negative growth. A talent shortage means that businesses can't afford to attract workers. Inflation is caused by money printing, money printing has destroyed the global financial system. We can't fix the problem until we recognize that there is a problem, and what the problem is.
3:00 Comparing to 2021 growth is deceptive. 2021's GDP grew relative to 2020's because 2020 was an unusual year of lockdowns. I would look at trends as far back as 2015 to get recent trends, or 1980 for longer term trends.
Every aspect of the economy in USA is in decline and layoffs are starting to kick in just before the holidays in areas that are usually hiring for the season. Very unusual to say the least
If the inflation is caused by lack of product, raising interest rate don't help, on contrary they stop investment. In '90 in Romania we had same problem few products and they increased interested rate, it was 30% minimum. They didn't solve anything
I live in Indonesia, we actually have a pretty normal inflation of food and other stuff prices. But still, Indonesia like many people said is on the brink of a economic recession. Prices are stagnant, sales are going down pretty sharp, and unemployement is rising. these are what currently happening in Indonesia.
Then why was that DW video so different? It made it sound as if Indonesia is right now the fastest growing economy in the world and would remain so in the near future! Why is its view so divergent from yours?
in recession, people give priority to only food, shelter (probably a rented cheap one instead of a luxurious one )and medicines only. they minimises purchases, inturn it results in winding up of businesses, vanishing markets, ultimately chaos.
The Job market in the US may look good, but what is the _quality_ of those Jobs? If that Job doesn't pay enough for even essentials, then the Job Market isn't as rosy as it looks.
It's going to be the craziest recession ever - an abundance of jobs for people willing to apply themselves and work hard, a tightening of the easy money and loose credit policies of the past that inflated consumer and business debts to unreasonable proportions, and the falling out of crypto and other basically ponzi-scheme assets which is going to warn investor money off of speculation and back to assets that actually produce and have value.
@@parkerbohnn a key difference would be stocks generally represent a bona fide enterprise - and in instances where they do not, there are regulations in place to monitor and enforce, of which little to none exist for crypto. I'd say it's more a casino, regardless of whether that's any better.
Make your own stuff. Clothes and food (beans veg and potatoes) are pretty easy once you have the skills. Buy a run down house and get busy. Take the bus. Live in the village.
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me froma huge financial debt with just little investment, thanks so much Mrs. Sophia
My husband and I have put a stop to any frivolous spending we no longer will go on a vacation, we very rarely go out to eat at a sit-down restaurant maybe three times a year. We use coupons for takeout, we buy the cheapest candles at Dollar tree for a dollar 29, we put our heat down to 64° before we leave the house every day. We don't use lights unless we have to. We are done with the consumerism we will not be exchanging gifts for Christmas or birthdays or anniversaries we will be paying off our debts and that is it that is the goal nothing else nothing new. We will shop at the Goodwill if we have to have something or a thrift store and get it cheap.
If China, Europe, USA is heading towards Recession India has chance only if it's economy plays the policies well not to fight with other nations and also provide Market and ask others to open their markets for the products
What this segment doesn't talk about is that the US doesn't have real numbers for unemployment becuase of the issue of underployment relative to expectations. It is increasingly common for someone with a colleger degree to end up working minimum wage or close to it for months or even years before getting a more stable job. This is understood by Gen Z so more of Gen Z is NOT going to college because of the student loan debt of the education system in the US. This segment also doesn't cover the problem of bad working conditions at some of the major employers like Amazon and UPS where workers are under such strict time constraints that they aren't allowed bathroom breaks and must urinate in bottles and similar when they are still on the clock to save time. There are attempts at strikes in the US but this has so far not been that successful. The US also has 1/3 or so a living wage for the lowest paid workers in the US and the US (unlike other wealthy countries) does not have universal health care. So, to say that the US has a good job market is ignoring a whole lot of data on the misery of workers in the US. So, the numbers might look good but the reality is bad and the public mostly knows this. People about to enter the job market are particularly aware. They know it is luck and the willingness to nearly sell their soul to an employer that is the only real hope for a middle class job in the S. And luck is even tied into having the wealth and connections that go along with having the college degree that has more of a guarantee of a getting a "good job." If one wants to bring in Karl Marx, these patterns can be explained. The US has continued to have artificial growth at the cost of woerks.If one brings in the view of environmental scientists, there is even more insight. In addition, to squeezing profit that didn't really exist by increaisngly expoiting workers, Big Business has destroyed the environment as a way to keep generating profit. To state the obvious, and what Marx predicted, there is a wall that will be hit where profit is no longer possible for Big Business. This is NOT to say that Marx was correct about what happens next. However, it does explain that this is a very serious situation.
Every downturn presents an opportunity to get in. Patience and careful analysis will highlight opportunities. A train stops at the stations for people to get in. Likewise, downturns are just stops to get in. Patience will deliver results.
I've been waiting for this for as long as I've known economics. Growth cannot last forever and most assets were seriously overvalued so I didn't buy, just wait and keep saving... my siblings who purchased at the heights looked down on me as "missing the bus" but now are getting upset that I'm positioned to capitalise greatly on a number of asset classes to level the playing field.
It almost sounds like we are paying a fair price for energy and goods. I guess that's a positive thing for the health of the planet. Less wasted resources = a more sustainable planet :D
20:50 and there are some things in life worth making a sacrifice for. Well said. The golden generation did the same for us back in WW2, we have to stand firm against Russian Agressions
Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple your investments if you are young or middle age.
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
That's right ! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
@Benjamin Steel That’s impressive! I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advisor?
@benjaminsteel1366 The advisor I use is actually quite known, you might have come across her before, Donna Lorraine Judge, she's been featured in several articles, and you can search her name.
Growth slowing down can be positive, giving a break to the excessive exploitation of natural resources, less consumption, less pollution, less population growth !
Amen friend, we need to bunker done and ride out this storm and keeping together will make it a lot easier! Sad my country voted a more radicalized goverment to power tho as the old one is much bette equiped to deal with hardship like this. But cant blame voters for beliving in the amzing promises that was made but will never be implemented :/
The price of pet food has more than doubled in the U.S. It's hard to explain to them why their food allotment has diminished. They don't want to hear it!
I'm curious about those GDP growth figures from 2021 being so much higher (3:05 in the video). This video also mentioned that there is no shortage of "cash" - Question: Want about the crypto movement? Is that playing a roll and impacting this situation? I found it interesting that it wasn't mentioned at all. Crypto certainly reminds me of all those "bad loans" from the last recession.
One is gradually understanding that money is basically a means to facilitate the exchange of goods and services. And the production of goods and services requires energy and raw materials. Now that the sources of energy and raw materials are running dry, money cannot help in any way overcome this fact. This is a big difference compared to previous recessions, like 1929 or even 2008: no monetary miracle can be expected.
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency.
With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks.
With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@@marcelrobert9569 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@robertlucas8288 She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@marcelrobert9569 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been talking to a coach or a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@berkrix4312 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
I personally work with 'Julie Anne Hoover’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@berkrix4312 Thank you for this tip , I must say, Julie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Since the US stock market had been on its longest bull run ever, the widespread panic and frenzy are understandable given that we are not used to such unstable markets. However, there are opportunities available if you know where to look. In the last ten months, I have made almost $850,000.
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out.
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
I think it's especially difficult for people who are retired or about to retire. My apologies to everyone who retired during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.
Concerning the future and where we're all going, especially in terms of money and how to get by, I'm quite concerned. I'm thinking about making my first stock market investment, but how can I accomplish so when the market has been in a shambles for much of the year?
I'm convinced that the only proven method, which no one will admit to employing, is keeping in touch with an investment adviser. I've raised over $700k since 2017 and can declare with certainty that their skill sets are top-notch based on personal experience. I recently purchased my third rental property.
My Advisor is Johanna Mussche. Look her up
This is great thanks. Could use the suggestion a lot. Looked up Johanna Mussche, I wrote to her and explained my financial objectives.
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
First step is discovering loopholes to generate gains during volatility, It is very possible to retire big time from the current market condition without having to hold stocks long term.
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@@lawerencemiller9720 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@@kimyoung8414 It’s a She actually, Eileen Ruth Sparks I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
It is unsettling to increase stock and index fund purchases during stock market downturns and bear markets, let's face it. Which makes it extremely challenging for most individuals, like me, to do. It's difficult to take the plunge and transfer the million dollars I have into an S&S.
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Julie Anne Hoover. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
@michaelrenner3 She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
@@danieljackson87 Thanks, I just Googled her and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Let me get this straight, there is no Energy Shortage, there is no Food Production Shortage, no Industrial output issues. It appears to me that these issues we are facing are systemic and a reflection of this system we continually support. Every 7 to 9 years we have major issues. The system is broken and seems to be we are in a continual maintenance mode. If I was in a relationship like this I'd be looking for a new one.
The system isn't broken, it's natural that there's high growth and then there's low growth. For the future viability of the system it has to cleanse itself periodically. All systems have there ups and down it's like our daily circadian rhythm, during the day we're up and active. To enable that daily activity we need to rest at night and this is when our brain rejuvenates and our body repairs itself.
Continuous growth is impossible to achieve as our world is not an endless resource, it has to rest from the higher economy exploatation, from time to time. It is like a human body - as described above...
@@paulos9759 I agree with you we cannot go for endless growth eventually the whole thing will collapse. This will all end in pain and suffering, we are creatures that have the ability to unravel the mysteries of the Universe but unfortunately we don't have the Wisdom of God. I suspect the Universe/God is playing the long game for its own amusement until we run out of moves and then the game is all over.
It's called gouging by corporations.
The private ownership profit system is broken.
Maybe start treating big companies like smaller businesses. Let them go bankrupt. Others will eventually take their place.
It will cause many people to lose their job, it will be a mess for government to deal with if big companies collapse.
this as thats capitalism, but fascism does not like this.
Larger companies make up significantly more GDP and more of the job market than small businesses do. They’re larger and more productive, but the high taxes combined with Inflation and weak purchasing power of consumers, is recipe for recession
The crazy thing is that we pretty much know that China started covid. This is basically the crime of the century and nobody said a thing.
Better yet, don't let predatory capitalists control necessary societal services (groceries, electricity, housing etc. Things we all need to live).
The fact that in this highly advanced world we still measure the worlds economic progress in terms "yay growth" and "noo recession" gives you an idea of how entrenched modern economic theories are in their positions.
Go tell us the alternatives then...
Let’s start with the recession we’re going into, we’re still calling it a recession yet unemployment isn’t failing like the Great Depression where one of the most critical factors was high unemployment. It seems like we’re acting as if what’s happing now is in anyway similar, despite the fact that more things have changed then stayed the same in the last 100 years. The knowledge we have regarding “recessions” may very well not be valid for the situation we are facing.
I agree. Continual growth economics needs to change to sustainability. My husband and I are not survivalists but rather environmentalists. We have had solar for 20 years. We got battery backup after the power went off for 32 hours once. We put in 3,200 gallons of rain tanks as we live in San Diego County. We bought a used Chevy Volt which gets 50 electric miles before gas kicks in. We calculated we bought two-thirds of a gallon of gas a month on average since we bought it. We get a rebate on our electric bill at the end of the year. We rarely eat out (like three times a year now). So far inflation has not hurt us much (we are in our 70s). But I am sorry for those whose rents have skyrocketed. It is just wrong.
I completely agree! Also, isn't government spending also calculated in GDP?
no, the media is just talking to children.
"struggle to hire workers"
If they offer a "competitive" 2014 salary in november 2022, no wonder they do
"high inflation is a challenge for ̶a̶l̶l̶ ̶o̶f̶ ̶u̶s̶ poor people"
If food, heating, loan/ rent etc. takes 10% of one's salary and now due to inflation it takes 20% instead, it's not a problem.
If it took 50% (or more) and now 100%, suddenly you have to make choices if you gonna heat your home or eat.
When economists keep saying they are confused by low unemployment rates coupled with a bad economy maybe it’s time to update how we calculate unemployment rates.
Exactly!!!!! But the only people who feel this are the ones who don't
make those six and seven figure incomes. The thing is that a huge
percentage of Americans make under 50K a year but they are
so busy trying to make ends meet via working long hours that
you don't hear much from them since they don't have time to be
jerking around on social media or protesting.
The oligarchs will make WW III with poor people by the inflation, who will fight to survive against Russia and China.... History is also recycled....
And if it becomes a choice of having a home and eating, well, often that becomes a choice of eating. I never hear about causes of homelessness, only complaints about the mess it leaves behind. Economists focus on things like costs. Why is there no focus on people?
@@kristinamelnichenko5775 ... or maybe it's time to rein in the CEOs and rich, whose pockets are seeing fantastic profits, while the rest of us are financing it and suffering.
I've come to realize as an investor that instead of letting my money sit idle in my savings account it is more productive to invest the little available and build a portfolio from the accumulated profit of investment
GLAD I GOT INTO CRYPTO WHEN I DID BECAUSE IT'S BEEN A TURNING POINT FOR ME FINANCIALLY. BEEN MY BEST DECISION SO FAR
@Sophia Hughess My greatest happiness is the $34,000 bimonthly I get consistently with my $5,000 all thanks to Mrs Emily Cofield
Same here with my current profit of $59.000 made from my investment with Mrs Emily Cofield's trading platform I'm totally convinced she's the best trading broker I have worked with and her strategies are so easy to adapt she's such a blessing to me especially in this current dip
@@azid5704 I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks, I still hold enormous value of cryptos and it scares me. Whats your take on this?
@@laurenedaigle775 There are many reasons for this drop in value. One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.
My mom and I make huge profit on our investment with Mrs Erin mary clancy her set skills are amazing
I invest with Mrs Erin mary clancy too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
@Julia Kutty You can send her a message 👇
She is active on telegram ⬇
@Erinclancy
As a first time investor I started trading with, Mrs Erin mary clancy, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
It's over, we have known the apogee of our time. The corrupt government will overthrow this country like Rome did. My condolences to anyone approaching retirement, you may be wondering if your retirement capital is sufficient to meet the rising cost of living. Bad energy policy, bad foreign policy, bad regulatory policy and insane tax policy
I can't zero in on the long run when I ought to be resigning in 3years, you see I have great organizations in my portfolio and a decent sum contributed, however my benefit has been slowing down, does it mean this downturn/temperamental market gives no reasonable courses of action valuable chances to create gain?
Which corrupt government?
If only the people who can afford to pay taxes did we could cut those of the one's who can't. But people don't want that they like the misery
A population can be employed and still be poor, I hate the way they try to frame employment rates in the US where wages dont keep up with rising cost of living.
There are the "working homeless". Work 40 hours a week but cant afford rent or a house.
@@donm5717 It is! The homeless person is considered to be committing a crime by not being able to afford housing.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
The concept of using spreadsheets has always seemed incredibly time-consuming and superfluous to me. Each month, I simply deposit a large sum of money into my savings accounts, retain my spending money in an other account, and make an effort to spend as little money as possible.
@@nobertheck There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@@jessicalandon8973 Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My mentor, "Alice Elaine Hayhurst," who has witnessed hundreds of market cycles over the past few decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next.
@@husseinhodrob Everyone's first aim should be achieving financial security by careful saving and investing as soon as possible. I really need some direction. Can this Fin coach lead me through these uncertain times, and why do you place so much faith in them?
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@Camila Aria Wow I know Mrs Naomi and I have also been trading with her, She's such an amazing woman with good skills and keeps me happy all week knowing I earn 15thousand extra income weely trading with her.
Her success story is everywhere. I keep on hearing expert Mrs Naomi's name being mentioned here and other platforms, Does she really worth the credits and reviews?
@@dorothysharon8351 yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
Why is it never mentioned in mainstream media that Oil&gas and Grocery companies are making record profits? If there are rising prices in these industries, but they're making money hand over fist, that part of the economy is not experiencing inflation. The banks do not have tools to respond to these particular issues, but governments do and few are doing anything about it.
It just feels like we've been bouncing from crisis to crisis for so long I can't remember a time before . You are incorrect about the '08 crisis . The inciting incedent was NOT people defaulting on loans . It was derivatives fraudulently overvalued (under risked) held by over leveraged investors being discovered . (edit:) It was the investors who were irresponsible . The homeowners may or may not have been .
Part of these derivatives were based on the home-owners though. And part of these home-owners could've (should've) known better.
Hedge funds are always behind market crashes these days. Their quant algorithms give them absolute power over markets.
That's because we have... it's actually considered "normal" by specialists, although this time it's a bit different. On average, there is a financial related crisis about every 15 years, last one was in 2008/2009 so we're right on schedule there...
The Government allowed bankers to practically gamble using instruments created by a computer.
@@daarom3472 if you’re excited about buying a home and the bank is telling you you can afford it who are you to question them? Banks were very happy to lend subprime mortgages knowing they sold off the risk.
I live in the city but have a small poultry farm, 25 cows and small biofloc fish farming set-up at my grandfather's village. Exactly 3 years ago i only had poultry farm.
I am not afraid of recession at all.✌️
Congratulations.
@@Novastar.SaberCombat Thanks.👍 You can also outsource your very own mini farm here. You know, as for backup.
Farmers need not worry about recession that much.
@@UNMEASURED100 Yeah pretty much.
Have you seen an increase in costs to maintain your farm?
I think people are more depressed and lonely than likely any other time in history. Isolation got worse after quarantine but it’s a bigger problem than that. If I had a family to provide for, I would have an easier time motivating myself to go on living and working as hard as I can.
As it is, I can work hard in hopes for more money, but there is no guarantee that working harder will even be rewarded and even saving money feels bad when most investments are losing value this year. Also the goal of money is to one day no longer need to work, so if that doesn’t feel likely or possible via saving then it feels like we’re just modern slaves (not blaming specific employers, but the whole economic system).
The constant reminder that our efforts might be wiped out by nuclear war doesn’t help either. The economy can’t thrive on a population this demoralized and sad.
"I'm the way, the truth and the life...", but first you need to lose material world commitment.
I agree, it's just an unprecedented combination of Covid, Ukraine, and I think the isolating effect of modern technology that is causing the global economy to crack. If the war situation can be resolved that's one less destabilizing factor, the Covid thing is slowly receding in people's minds as a concern, although there's still places where regulations are strict. I don't think anything can be fixed immediately but two of these three factors are not permanent, so there's reason for optimism.
I really feel you... Finding my own intrinsic motivations for everything I do in life rather than extrinsic motivations has been life changing for me. Elizabeth Phelps has a great video on this called "You Don't Hate It: How to NOT Quit Everything You Start". For example, making money is something that I "should" want, but it's not enough to motivate me, etc. I hope this change in perspective can help you, too.
@@gman7497 it's not that simple, what makes this recession global is the fact that USA offloads it's own recession to other countries via dollar. If the dollar will cease to be the default global currency the USA will plunge deeper into recession
I'm not really worrying about things like nuclear war in terms of what will happen to the fruits of my labour at that point. I don't have a family either and I'm not planning to have to one. I'm pretty well off with my salary and able to put a bit part of it into savings every month.
But yeah, we are modern slaves. That's one reason why I will not have kids. I don't wish this reality onto anyone whom cannot choose it. From the age of 6-7 we start school, which is essentially just preparing us for the lifetime of work ahead of us and then we start working.
Lucky ones find a job which they like and find fulfilling. For the rest of us, it's just a means to an end. Not really satisfying, but something you have to do to get bills paid.
Fragility of global supply chains was always apparent..
But neither business bosses nor politicians are strongly incentivised for long-term thinking and planning....
1%: "Why isn't Economy growing?"
Everyone with a brain: "Because no one has any money."
1%: "What do you mean no one has any money? I haven't paid taxes in years!"
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@johnlennon232 Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@chris-pj7rk Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@@alexyoung3126 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with HEATHER ANN CHRISTENSEN for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
the only reason we are addicted to constant growth is rapacious greed, population and economies cannot continue to grow forever
Yes, you can and actually constant recession and/or stagnation has been linked to social disruptions, depression, reduce quality of life, etc. Unless you believe that every technology has already been invented and all economies operate at 100% optimum productivity, then you have plenty of room for growth. Not to mention the labor participation rate globally is at decade time low.
A massive, massive "Wuhan" that is fully resistable to medicine will solve this problem.
"This time is different" - No recession has ever been the same.
All this is compounded by the fact that wealth inequality in almost every country is at its all time high and hence this is creating a highly divided society with almost two different realities.
Reminds me of how 21st century tech dystopia's are imagined in fiction.
we're already red/ blue team .. soon they'll pick up there guns
The 'economists' say that unemployment is the "lowest" in a long time. But all we read and hear about are mass sackings by Amazon, Meta, Twitter, etc, and not much about hirings. Oh, maybe more folks are washing cars, waiting at tables, flipping burgers.. But car sales are down and people eat out less...
💯💯💯
Last time i checked there are still queues to buy new cars - demand is bigger than supply
Every time central banks created an investment bubble it eventually bursted into their face. Instead of admitting mistakes they always just reinflate a bigger bubble. This is the second biggest bubble they can inflate - bond bubble (Bonds are trash). A bigger one is only currency bubble, which leads to hyperinflation like in Venezuela. Major central banks will soon face a decision between economy and price stability.
It never bursts in their face though, it bursts in ours...
How are bonds "trash", explain please.
@@stephengrant7627 Thanks for correction. :)
@@marshhen All financial assets (cash, bonds, crypto, fin. derivates) are eventually just claim checks on real things - cars, houses, food, weapons etc. Bond is a promise to pay you cash in some currency on a future date. Value of currency is being determined by how many people want it (and save it) and by how much of the currency there actually is. Most bonds in circulation are denominated in western currencies (yen, pound, euro or dollar) and are based on previous low interest rates. What is happening now is that interest rates go higher so price of existing bonds go down to match the price of the new ones paying higher interest. Soon they will go lower when people start to realize that those central banks cant stop inflation because they have too much debt - mostly due to boomer's pensions. It is very similar situation that lead to the French revolution in France at the end of 18th century. Always remember - debt is borrowing luck from future and is not free, someone somewhere at some point in time eventually pays for it.
@@miseno2531 Yes, and the existing financial capital is all issued as debt, which makes claims on future resources that exceed those resources. And its rate of growth exceeds the rate at which the underlying natural system is able to restore itself. However, most real assets are implicated in that system by virtue of property and ownership law which are unlikely to exist if currency collapses. Which only brings us back to the primacy of community - but the need communities that are equitable and sustainable. Not based on individually chasing financial claims worth less and less, while excluding as many other people as possible. In other words, the simple solution is right in front of us, but people can’t or don’t want to see it.
And when everything crumbles, only big business will be bailed out.
Of course. Those with coin, connections, clout, control, computer code, communities, and opportunities will ALWAYS have advantages which the poor will never, ever have. 99% of the population of Earth are slaves, but they just don't want to FACE that fact. It's too difficult to accept, because it means that they MUST acknowledge that they were born a slave, "lived" as one, and will soon DIE as one! 😂🤣😂
We have no one to blame for these crisis but ourselves: We elect a bunch of incompetent politicians who only focus ideology and interest of the big corporation the party and the rich. Sanctioning, trade and chip wars are all hurting our cost of living , disrupting supply chains ,energy and food.
These are just info war. The truth is far from reality. Pandemic disrupted demand and supply and the only way to control these crises is to deceive the consumers. I no longer trust the social media. Go out there in the real world far. You will see.. DW is just a tool like religion and rule of law.. We are not zombies controlled by the digital world.
Energy and food stability are also important though. Our vulnerability due to our reliance on Russian fossil fuels has been exposed this year, as well as the effect the loss of Ukrainian grain has had on the world food supply. Temporary hurt in order to transition to a more stable energy supply chain might not be the worst in the long run, it makes no sense to rely on a supplier who's willing to shut off the tap in the name of territorial expansion.
Edit: typo: "fuel" instead of "food"
If there are no competent candidates standing for election how do you get competent politicians?
It’s never that simple and even more no political entity will serve you the results you desire
This is all the result of corruption of government on a global scale. These politicians all knowingly went down this road, cause instability is the goal.
Nice, another once in a lifetime event. As a millenial, it is the 4th or 5th? Something like that.
Honestly I have a feeling that we are in a constant crisis, and this let me beleive the system is just flawd in its core.
Suggestion: Tell Corporations being less greedy for a while and reduce profit margin for a better tomorrow. Workforce costs are only 7.9% per workunit but 59% are profits. And if they don't force them by legislation and/or higher taxes and distribute the tax-money back to the people to offset inflation.
Bro, giving people more money would only increase inflation, right?? There is no shortage of cash, problem is supply chain disruption.
@@anurag_4455xxx people??? Didn’t the US determine corporations are people? Those drat people cause all the problems.
@@anurag_4455xxx So you swallowed this lis about Spending = Inflation? Congrats you have been gaslighted for decades.
@@anurag_4455xxx this is a false narrative, the reason why govs dislike it's population having a more even distribution of money is because usage of credit will drop and that's a major wealth creator whilst removing the ability of the 99% to own assests outright ⬆️
@@AaronOkeanos also what causes inflation is also lots of money printing or is all capitalist adjacent schools of economics just wrong because I don’t want to hear the dumb idea that Stuff like the subjective theory of value is wrong
Before economic crises occurred every 30 years. Then they happened once a decade. Now they occur once every two years.
A recession occurs when a region's economy declines over several months or even years.
To help prepare for a recession, job loss or other financial hurdle, aim to build an emergency fund that covers three to six months of living expenses. If you're falling behind in debt payments, reach out to your creditors and ask for hardship concessions.
Source: Equifax
There is one element I miss and that is that prices of non scarce goods are also increasing. It is also companies hicking prices to increase profit, which of course is good for their growth... but in the end this extra money ends up in the pockets of the rich. Profit margins are the highest ever. At the same time salaries are stagnant. When considering inflation it is actually a pay cut. The rich are getting richer and everyone else gets poorer, and products are getting cheaper and shittier. I just wish it became more the norm that wealth should be distributed more evenly and that we change the economic system from a capitalism based into something a bit more social. Who cares how high economic growth is, when everybody is better off. Well I guess the rich won'l like it :P
As the results of the 2008 financial crisis, I took a teaching job in Guangzhou china from 2009-2013. There was no recession during the period in China, the rich were spending like no tomorrow. The pay isn't great but every quarter, we had a week off. I traveled all over China, Italy, Greece, France because the flights from Hong Kong were reasonable. I stayed in hostels to keep my budget low. Foreign workers can only transfer out of the country with maximum of $500/day. This is to keep the local economy going.
Recent policy has changed, private tuitiors are not allowed anymore, I guess private tuitiors/ schools can't operate anymore. I'm glad I'm out of china, zero COVID for 3 years can break down mental health and the economy.
Now we just have to survive 2022/23 recession, cut everything that is no- essential. I was at a job fair 2 days ago, a lady still wants to pursue her cosmetology ambition. I tried to hint that people are trying to spend on essential things, rent, food, heating bills, getting a facial is non essential...
Hi, I am not a cosmetologist, and I agree that getting a facial is non essential, however, according to research, historically, beauty has been recession-proof.
A good facial is always needed 😅
Yeah, but it does make sense to learn a new skill if they gave the resources
@@thaysapc3058 right?! People also need good haircuts and hair color for say, making a good impression at job interviews. Not everyone is great at DIY hair/skincare.
The thing not mentioned here, and elsewhere in the media in the US is that most (jobs ) are part time , low wage thats why (We are Hiring signs are always up.) Funny thats always missing.
Economists keep saying they are confused by low unemployment rates coupled with economic insecurity. Sounds like it’s time to update how that rate is calculated. They also did not mention trillions of dollars printed to protect companies from the pandemic.
@@kristinamelnichenko5775 They should take a walk on the streets .Ya companies need more money to steal from the consumer.
It's almost like the entire global economy is fundamentally unsustainable. If only this sort of thing could've been predicted...
What? We cant have exponential growth forever?
Marx predicted that the world's capitalist system would eventually collapse because it is inherently flawed. Seems to me that we are seeing part of this collapse. We seem to be going backwards. Has the world's capitalist system already peaked? Have we seen the best of the capitalist system?
Trillions of dollars printed to protect companies from the pandemic is not mentioned as a source of inflation but fighting for democracy is. Quite the take
Unemployment is low due to the number of people working multiple jobs... and still struggling to make ends meet
In Canada no one works more than one job.
@@parkerbohnn Lies! I work 3
WELL, THERE ARE NOW OVER 5 TO 10 MILLION JOBS NOW GOING BEGGING, COULD IT BE THAT THERE ARE NO LONGER ENOUGH PEOPLE IN AMERICA TO WORK, ?? IN THE LONG RUN ALL BIRTH RATES AROUND THE WORLD ARE GOING DOWN AND MANY ARE IN A TOTAL COLLAPSE, AND CAN NOT RECOVER, NO WORKERS, NO FACTORIES CAN STAY OPEN , SO, A LONG TERM RECESSION IS NOW IN THE WORKS AROUND THE WORLD, AND CAN NOT BE STOPPED
@@domcizek The new workers in the workforce are finding out a job doesn't lead to financial independence like it used to some 40 years ago. So why work at all if you know you'll just end up broke by age 60?
@@parkerbohnn WELL, IF THEY HAD A PART-TIME JOB THEY COULD JUST LIVE IN AN OLD RV, TRAVEL AND PICK UP JOBS HERE AND THERE,
It's normal. Nothing can increase eternally. We have been too spoiled and now we see no solution. All we have to do is adapt and stop unproductive complaining. Times have been bad in the past. Millions have perished and have had miserable lives. We're still here.
Exactly. people saying the high cost of living is why wages need to stop rising is because wages have increased way too high too quickly which makes producers raise prices because they can't afford more workers and this creates an inflation cycle. Maybe this wouldn't be happening if growth wasn't too eternal
This hurts poor people not wealthy people!!!!…..100% of them have resources and positioned themselves very well because they can afford too!!!
1:17 The wisest thing that should be on Everyone's mind currently should be to invest in different streams of income that doesn't depend on govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencie (BTC,ETH)
Reading these comments encourages me alot, I have come across this Fx Jessica Leigh Caden many times in review. I would love to communicate with her💪. Thanks for sharing this 👍
@somasharks3836 Her good works is speaking for her, only the skeptical wait for other before trying to an investment opportunity. I'm very satisfied with my BTC in 2021 as I achieved a total ROI of over 4.7 BTC.
The fun part is, the spark for every recession is different, but they always function the same.
Corporations make tremendous errors, Governments steal from the people, and the people suffer on both fronts. After time and great effort, a new "normal" is reached whereby the wealth of the people is definitively reduced.
A very sensible overview. I wish we had media like this in the UK instead of the bozos we have, who completely disregard Covid, China's zero covid policy, proxy war with Russia (!), etc, and simply demand an instant return to past prosperity. Demanding the impossible from politicians inevitably causes political instability, which only makes the problems harder to deal with.
Another crisis in our extremely flawed and increasingly outdated econoimc system.
How many collapses should we go through until we realize that a steam age logistics system has become obsolete?
The longer we treat capitalism as a religion we cannot criticize, let alone inventing a better alternative to replace it, the more catastrophes we will go through.
Especially as we enter an era of globalized economics, fast travel, digital distribution and replication of information/media, advanced automation, biotechnology, 3D printing, etc.
And that's before we take into account a potential transhumanist technological revolution that would be outright catastrophic if implemented/managed in a capitalist for-profit system.
Greed is ruining our world. The usual... the few, screwing the many.
Government budgets were not squeezed. Austerity was not their only option. It was the one that worked for them.
one option always in front of us, make agriculture easy while change mindset to live a farmer's life
I can understand that there are many factors today, but isn’t the elephant in the room the fact that printing money was how the bail outs and the cost of covid were paid for and the consequence is now hyperinflation? I wonder why nobody seems to mention or provide some analysis on the impact this has had or am I oversimplifying it (I.e. More money in circulation = higher cost of goods)?
I’m definitely feeling it the past 2 years I had money put away and I was able to go on vacation twice in Florida and kept saving, now is like I’m eating away my savings by monthly expenses even when I cut down a lot of things 4000 is my monthly expenses and I can’t even afford half no money left for anything instead missing money to cover my expenses is becoming to much feels like things are going to get a lil worse before they get better
You spend 4.000 US$ a month? What's your biggest expense?
@@908FE just rent alone is 2000 plus my car insurance, bills, food I live in Massachusetts so rent could be expensive here I have try to cut down in a lot of things still not making ends meet lately light bills went up 64% to pay 5.69US$ on a carton of eggs when it was 2.59 the difference is noted I have one child and 281 a month for food will not give for the whole month even when I stretch it to 3 weeks. I have been thinking moving to another state maybe Ohio my friend lives there and she’s doing pretty good she pays 800 for a whole house when I’m paying 2000 for a 2 bedroom apartment 🤦🏻♀️
The tech industry has laid off thens of thousands from Facebook, to Twitter, and Disney to Microsoft.
hats off to you Marie
at 20:24 "standing up for democracy" and then laughing 🤣🤣🤣👍❤❤❤ it's priceless
there we can see true colors
are there psychologists🤔? our subconscious is really strong thing, isn't it?
And 21:14 "and force poo to to to to to to" 🤣🤣🤣👍 JUST SAY IT LOUDLY - "force poo to give gas for free!!!"
Russia was an extremely reliable energy supplier until the US and the UK told Europe to stop buying energy from Russia. It clearly shows how these countries are cliant states of the US..and surprisingly the UK.
@DW News.👍 Thank You! This episode was Very enlightening. We're all feeling the pain, but ordinary people also need to understand how this pain came about, and how to prepare for the future. The Presenter was very good at explaining complex economic systems and helped me understand the economic mechanisms that play a big role in normal people's lives.
DW displays a distinct Bias.
The influence of US producers seems to have considerable effects on their programming.
Their methods appear to discount a lot of reality as Economic Warfare rages?
Except she intentionally never mention EU&US sanctions against Russia! Hypocritical
@@philipokarol4876 Correct!! DW Germany is just an American pawn Spinning narrative for it's American master!!
@@philipokarol4876 Because it doesn't matter, only to the Russians does it matter. You think you know better than professional economists, don't make me laugh.
As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much Mrs. Paula David for improving my portfolio.
I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.
You invest with Paula too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can i reach your guide
I was skeptical at first until i decided to try. Its huge returns are awesome, can't say much
She's very active on telegram
One of the problem that countries are facing is US exporting their inflation through higher US dollar as most trades in the world are settled in US dollar. It is possible to see more countries starting to adopt other currencies as part of their trade settlements in coming future.
It’s how cancer cells r cut away if a person got cancer.
The way this works is other countries get less goods for their units of currency. It is high time the overvalued dollar was pit into a non reserve position.
So what will replace it, then?
People would take your comment seriously if it wasn't for everyone dropping their currencies in order to buy the dollar right now...
Let me see you mean the Chinese one? Good luck. So basically you move from one to another that isn’t as reliable.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stoc,ks, Gold, silver and digital currencies.
The key to high returns is not large moving stochastics. It is the management of risk in relation to reward. Putting on the appropriate size and twisting your edge as many times as necessary to achieve your aim. That applies to everything from long-term investing to day trading.
@@luciamason Even with the right technique and assets, some investors will still outperform others. As an investor, you should have realized by now that nothing beats experience. Personally, I had to reach out to a market analyst for guidance, which is how I was able to grow my account close to a million, withdraw my profits right before the correction, and now I'm buying again.
@@gabrielaethan4092 That's quite impressive! I could definitely benefit from the experience of these advisors, as my portfolio has been performing poorly....who is helping you?
@@luciamason You can use a search engine to hunt for Susan Lorraine Curry . However, I'm not certain that I can bring this up. In 2020, she attracted a lot of attention. She manages my portfolio and serves as my mentor
Making money is action. keeping money is behavior. Growing money is knowledge
I've had the feeling BTG would be going to 30k as well. Glearing out all my Alts going into BTG and XRP only, maybe a little BV3.
@Patrick Kim Wow😳 I know him and I have also been trading with him, he’s such an amazing man with good skills keeps me happy all week knowing! Barn 17thousand extra income in trading with him💯
@Patrick Kim yes On what'spp ❤️
+1323
7499
Great reporting. Thank you Marie Sina.
Excellent presentation.
The agricultural component is also complicated by drought in Europe, China, the American California Central Valley and the Great Plains and the developing drought in South America.
Bernanke and Paulson delayed the 2008 problems with Credit Cards.
That is a brief explanation of how that Crisis was overcome.
The problem with ignoring the debt that Credit creates,
is the issue of eventual Sovereign Debt.
The GDP needs a flow of funds to enable paying off $31 trillion worth of debt.
Ag Commodities now are a major ingredient in economic issues.
Russia was providing major quantities of Grain and Fertilizer.
Sanctions have created major economic issues associated with that plan.
The idea of removing that group of commodities from markets appears to have failed?
Putin apparently noticed the support for the flow of phosphates,
then he limited the amount, increasing prices for that commodity,
as it strengthened the flow of funds to Russia.
Mexico bought some Corn.
That appears to be a one time effort to buy $6 Corn.
As dry weather cuts into Corn production, the ability of the US to compete,
seems to grow dim.
Economic Warfare has many facets.
Ag Commodities are just one.....
So all over the world then? Climate change is great.
@@jannd8170 Sales of Air Conditioned Tractors appears to be improving?
And vice versa, flooding in other parts of the world.
Doesn't help that the U.S. is taking on 10x the debt compared with the GDP growth. They are buying votes at the expense of our children since they will be out of office with their cushy lifetime pensions. Plus, they've crippled our energy production which would've made us a gigantic Dubai under Trump.
I wish this piece went into who stands to benefit from global inflation, and why that matters.
It’s DW, of course not;(
I think, that all said in the video can be fit in two words - human degradation. There are no values anymore, no human relationships. It's all around the money. But money shouldn't be the center. And of course the situation proves it... people don't have the will to do anything, or just prefer to go down the drain... it's sad but that's life. When people are less - the value is bigger
Great work 👏 a very clear explanation 👏
There is a desperate need to re-evaluate real wealth. growing the sense of value and worth of humans has to be the new starting point. Every job and worker is important, but only those with high income have been valued for the last two decades. Every person needs a safe healthy home at a fair cost of living with enough left over...not huge bank vaults full of stagnating investments of the few. Diamonds and gold may as well have stayed in the earth where God placed them if people only grab and store for self. God gave global 'wealth' for ALL to share
They love capitalism when it benefits them, but when they inevitably start losing, they cry to the Government in the name of protecting jobs. That's not fair to any one, and creates more wage Gaps and inequality. My job is not more important than an actual free market, because I can always find another job.
Amen brother
I was with you until the imaginary wealth part. Right at the beginning. Energy is life. Energy is wealth.
Inequality is the motivation to produce wealth.
these are wise words, but as long as we have murdering psychopaths like Putin in our world, what hope?
Honestly, I am surprised it didn't happen sooner. Life is nothing but booms & busts. Though they do seem to be getting bigger..
Absolutely agree
The US is already in a technical recession of 2 consecutive negative GRP growth. It appears that the tight labour market is bolstering the impact of high inflation, which is inevitable due to supply chain constrains and high demand. Developed markets are generally still in a good shape so long as employment remains healthy. However, the service economy has signs of slowing down. We must ensure that productivity in the economy is directed towards increasing food and energy security in order to mitigate the cost of living crisis. This is a global issue of paramount importance.
EVERYONE IS WORRIED ABOUT THE STOCK MARKET, THAT IS WRONG, ALL BIRTHRATES ARE GOING DOWN AROUND THE WORLD, THAT MEANS LESS PEOPLE TO BUY THINGS, AND LESS YOUNG PEOPLE TO CARE FOR ALL THE OLD PEOPLE THAT WILL BE INCREASING IN THE NEXT 30 YEARS,
If GDP is lower than inflation then that is negative growth.
A talent shortage means that businesses can't afford to attract workers.
Inflation is caused by money printing, money printing has destroyed the global financial system.
We can't fix the problem until we recognize that there is a problem, and what the problem is.
3:00 Comparing to 2021 growth is deceptive. 2021's GDP grew relative to 2020's because 2020 was an unusual year of lockdowns. I would look at trends as far back as 2015 to get recent trends, or 1980 for longer term trends.
Every aspect of the economy in USA is in decline and layoffs are starting to kick in just before the holidays in areas that are usually hiring for the season. Very unusual to say the least
If the inflation is caused by lack of product, raising interest rate don't help, on contrary they stop investment. In '90 in Romania we had same problem few products and they increased interested rate, it was 30% minimum. They didn't solve anything
I live in Indonesia, we actually have a pretty normal inflation of food and other stuff prices. But still, Indonesia like many people said is on the brink of a economic recession. Prices are stagnant, sales are going down pretty sharp, and unemployement is rising. these are what currently happening in Indonesia.
Then why was that DW video so different? It made it sound as if Indonesia is right now the fastest growing economy in the world and would remain so in the near future!
Why is its view so divergent from yours?
It makes you wonder whether it's a real recession or just a cluster of shortages.
in recession, people give priority to only food, shelter (probably a rented cheap one instead of a luxurious one )and medicines only. they minimises purchases, inturn it results in winding up of businesses, vanishing markets, ultimately chaos.
I remember when we knew what a recession was .
The new normal is what they will call this
Indonesia is thriving against all odds. It will be going stronger in 2023!
The Job market in the US may look good, but what is the _quality_ of those Jobs?
If that Job doesn't pay enough for even essentials, then the Job Market isn't as rosy as it looks.
lets make this year memorable..
It's going to be the craziest recession ever - an abundance of jobs for people willing to apply themselves and work hard, a tightening of the easy money and loose credit policies of the past that inflated consumer and business debts to unreasonable proportions, and the falling out of crypto and other basically ponzi-scheme assets which is going to warn investor money off of speculation and back to assets that actually produce and have value.
The U.S. stock market is a much bigger ponzi than crypto is.
@@parkerbohnn a key difference would be stocks generally represent a bona fide enterprise - and in instances where they do not, there are regulations in place to monitor and enforce, of which little to none exist for crypto. I'd say it's more a casino, regardless of whether that's any better.
Make your own stuff. Clothes and food (beans veg and potatoes) are pretty easy once you have the skills. Buy a run down house and get busy. Take the bus. Live in the village.
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me froma huge
financial debt with just little investment, thanks so much Mrs. Sophia
Bitcion investment is what people should be going into all thanks to her for my successful withdraw ❤️.
Now with the recent economy, To get financial
freedom you have to be making money while
you're asleep
All thanks to Mrs Sophia for improving my portfolio
@@jomeyrfrancis i invest $4000 and cashed out &$48,800 after 7days
@@joyfulstella Wow that's awesome
Am not worried. Hardly notice any problems at all. Am sitting back collecting dividends, interest, labor money, ip revenue etc.
You can't just print money out of thin air and expect good things to happen. lol
Back in 2008 the amount of money increased a lot too and inflation stayed low
do you think money formed the earth and created humans? wtf is wrong with well off peoples brains...
Yeah next time i will print money I'll will check weather war will not start in the 6 year or so ......
Tell that to china. lol.
@@nsevv what are you talking about???
My husband and I have put a stop to any frivolous spending we no longer will go on a vacation, we very rarely go out to eat at a sit-down restaurant maybe three times a year. We use coupons for takeout, we buy the cheapest candles at Dollar tree for a dollar 29, we put our heat down to 64° before we leave the house every day. We don't use lights unless we have to. We are done with the consumerism we will not be exchanging gifts for Christmas or birthdays or anniversaries we will be paying off our debts and that is it that is the goal nothing else nothing new. We will shop at the Goodwill if we have to have something or a thrift store and get it cheap.
If China, Europe, USA is heading towards Recession India has chance only if it's economy plays the policies well not to fight with other nations and also provide Market and ask others to open their markets for the products
Can't lie, I'm kind of loving 20:54 with the trainers moving slowly in the wind.
What this segment doesn't talk about is that the US doesn't have real numbers for unemployment becuase of the issue of underployment relative to expectations. It is increasingly common for someone with a colleger degree to end up working minimum wage or close to it for months or even years before getting a more stable job. This is understood by Gen Z so more of Gen Z is NOT going to college because of the student loan debt of the education system in the US.
This segment also doesn't cover the problem of bad working conditions at some of the major employers like Amazon and UPS where workers are under such strict time constraints that they aren't allowed bathroom breaks and must urinate in bottles and similar when they are still on the clock to save time. There are attempts at strikes in the US but this has so far not been that successful.
The US also has 1/3 or so a living wage for the lowest paid workers in the US and the US (unlike other wealthy countries) does not have universal health care.
So, to say that the US has a good job market is ignoring a whole lot of data on the misery of workers in the US. So, the numbers might look good but the reality is bad and the public mostly knows this. People about to enter the job market are particularly aware. They know it is luck and the willingness to nearly sell their soul to an employer that is the only real hope for a middle class job in the S. And luck is even tied into having the wealth and connections that go along with having the college degree that has more of a guarantee of a getting a "good job."
If one wants to bring in Karl Marx, these patterns can be explained. The US has continued to have artificial growth at the cost of woerks.If one brings in the view of environmental scientists, there is even more insight. In addition, to squeezing profit that didn't really exist by increaisngly expoiting workers, Big Business has destroyed the environment as a way to keep generating profit.
To state the obvious, and what Marx predicted, there is a wall that will be hit where profit is no longer possible for Big Business. This is NOT to say that Marx was correct about what happens next. However, it does explain that this is a very serious situation.
Explanations crystal clear! Thank you for the video
Every downturn presents an opportunity to get in. Patience and careful analysis will highlight opportunities. A train stops at the stations for people to get in. Likewise, downturns are just stops to get in. Patience will deliver results.
I've been waiting for this for as long as I've known economics. Growth cannot last forever and most assets were seriously overvalued so I didn't buy, just wait and keep saving... my siblings who purchased at the heights looked down on me as "missing the bus" but now are getting upset that I'm positioned to capitalise greatly on a number of asset classes to level the playing field.
It almost sounds like we are paying a fair price for energy and goods. I guess that's a positive thing for the health of the planet. Less wasted resources = a more sustainable planet :D
Gold, Gold, Gold.
20:50 and there are some things in life worth making a sacrifice for. Well said. The golden generation did the same for us back in WW2, we have to stand firm against Russian Agressions
Great summary and informative, such that the lay person can understand.
Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple your investments if you are young or middle age.
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
That's right ! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
@Benjamin Steel That’s impressive! I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advisor?
@benjaminsteel1366 The advisor I use is actually quite known, you might have come across her before, Donna Lorraine Judge, she's been featured in several articles, and you can search her name.
Growth slowing down can be positive, giving a break to the excessive exploitation of natural resources, less consumption, less pollution, less population growth !
It is sad every time I hear something like this even though I already know. Who else knows that empathy sometimes really hurts?
Nice presentation DW..here in my country philippines, prices on commodities are going crazy.
Just remember to not be radicalized even though things get tough. We need to fight to keep our values honores in europe!
Amen friend, we need to bunker done and ride out this storm and keeping together will make it a lot easier!
Sad my country voted a more radicalized goverment to power tho as the old one is much bette equiped to deal with hardship like this. But cant blame voters for beliving in the amzing promises that was made but will never be implemented :/
The price of pet food has more than doubled in the U.S. It's hard to explain to them why their food allotment has diminished. They don't want to hear it!
I'm curious about those GDP growth figures from 2021 being so much higher (3:05 in the video). This video also mentioned that there is no shortage of "cash" - Question: Want about the crypto movement? Is that playing a roll and impacting this situation? I found it interesting that it wasn't mentioned at all. Crypto certainly reminds me of all those "bad loans" from the last recession.
One is gradually understanding that money is basically a means to facilitate the exchange of goods and services. And the production of goods and services requires energy and raw materials. Now that the sources of energy and raw materials are running dry, money cannot help in any way overcome this fact. This is a big difference compared to previous recessions, like 1929 or even 2008: no monetary miracle can be expected.