It's Official: Unemployment Is About to Hit the Fan
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- Опубликовано: 16 сен 2024
- A whole bunch of bad data, much of it focused on deterioration in the US labor market (pre-July payrolls). That unleashed huge swings in rates markets and forward rates. One reason for all this is the historical pattern is perfectly clear. What we're seeing right now happens EVERY TIME. No exceptions.
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Twitter: / jeffsnider_edu
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I has spent same number of years in the civil service, she is investing through a wealth manager and myself through the 401k. We both still earning towards having our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $800k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@rogerwheelers4322 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Remember you only count as unemployed for the first bit.
Eventually you aren't counted, job or not
That's me! 9 months so far. I could get a job but it would be 1/3 of my last job.
So with day care it wouldn't really be worth while.
Wife makes too much to get free daycare so... I guess I just keep applying. Eventually things will get better or much worse and they'll have to do UBI or something else.
Part of the big plan: fleece whatever is left from the middle class.
Middle-class has an existed for 10 years now
Which hasn’t existed since 2008
if anything you're going to see the lower class become higher and higher for the bar where it will end with a handful of god Emperors and everyone else
no such thing as a middle class
Middle class is dead. You either have two incomes to barely make ends meet or you have so much money you're spending it on stupid bs like sports cars.
It’s like landing a plane with no wheels, it’s soft up until the point it touches down 🤣
Terrain terrain, pull up!
Oh…. Can I use that? That’s good.
Up vote up vote 😂
It's like trying to "softly land" a solid fuel rocket with infinite fuel lol
@xraceboyex what could go wrong 😅
They are laying off 45+ yr Olds In middle management making 150k +. Looking to hire college grads for 60k or outsource to Mumbai for 6k. Tough decisions to make for Whitemen sitting inside glassdoors.
Like that “whitemen”
@sociolocomtsac let them layoff 45 yr Olds. Let's see everything collapse. A job market dependent on kids alone or college grads is unsustainable.
@@rnskfamily7672 The ones that are not producing enough value will have to just take a pay cut, consumption will slow down, inflation will go down, house prices will come down, economy will suffer for several quarters and then we'll be back on track. Many only got the raise due to boomers retiring and there not being enough workers in the short-run.
@@rnskfamily7672
Tick tock, your life jewel has turned black.
@@sociolocomtsac My E-R diagram on the finals was top of class at age 57.
Outstanding as always. You blow the doors off; CNBC, Bloomberg, FOX Business etc. They are a joke.
CNBC, Bloomberg, FOX Business etc., are similar to "CONTROLLED OPPOSITION".
As if mainstream media was our friends to tell the truth to begin with
zero sum game now, get out of the financial system into real assets or regret it later
they are professional bullshitters
a recession was a certainty and everybody knew that
ask him to explain why yields are falling. When they say that the sky is falling while yields tumble lower I just turn the volume down lol. If everything is so bad then why did the 10 YR Yield take a dump this week??
Safe and effective...😊
Inflation is transient...😅😅
Soft landing...😂😂😂
This time is different...😂😆😅🤣🤣🤣🤣
..."he was just having a bad day/ a cold"
*Laughs like Kamala Harris*
Intel announce suspending their dividend entirely. That means the economy is doing well, right guys?
Intel is not making good products anymore, not like they used to. People want AMD cpus and NVIDIA gpus
Just saw that. Dang!!!
@@TrashwareArtprocessors…..
As Trashware said, this is not so much an economy problem (although I'm not disagreeing with the economy issues l) as it is an Intel problem. They are toast. Not only have they been behind AMD in CPU performance and efficiency since 2018, and lost desktop and server marketshare hand over fist for 5 years, but in their efforts to catch up (which they have sunk billions into) they have made some massive errors. The worst is that it's emerging they were pushing their CPU's too hard in terms of clock speed and temperature in an effort to compete, and now with CPU's around 2 years old there are failure rates in the 90% range for some models. Many are out of warranty and technically they can get away with it, but it is going to burn millions of bridges, it is destroying their reputation. They are really stuck because they can't even give people free replacement CPU's because they changed the socket and chipset since then. They no longer make CPU's that are compatible with the millions of motherboards that people have their old CPU's on. There are rumours that Intel is trying to spin up old fab processes to start making last gen CPU's as replacements. This alone costs hundreds of millions, and it takes factory space and personell away from working on the latest gen.... which they already have production issues with!
On top of this they have missed the Artificial Intelligence trend as that is largely a GPU thing, and NVIDIA and AMD are and were streets ahead on GPU's.
Intel is tanking. I wouldn't touch their stock with a bargepole and the only thing that surprises me is that they aren't suffering even more already, in terms of layoffs and share price. They are being propped up. EDIT Think of it this way - Intel just went sideways and down through 5 years of some of the most manic, stimulated, Bullish markets we have seen. Barely survived it. How are they going to go in a multi year recession?!
Intel is building a ENORMOUS facility in Columbus, Ohio as we speak if there products stink you wouldn’t know it with the size of this complex! I think the economy is sliding south!
The state of the job market has been awful for a while now. Just people have tried to ride it out and nothing has changed. It's demoralizing as hell when you know half the job postings aren't even real. If you get an interview at all there's going to be 6 or more rounds of it that will likely end in rejection. And to top it off thousands of people are all applying for a single position.
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Fast food industry and restaurants are going out of biasness!
also don't forget banks
maybe they should stop asking for tips lol
Especially fast food cuz it’s TRASH 😂
Business*
And inflation is still raging, wake me up when ribeyes are 8 bucks an lb, gas is at 2 bucks a gallon and a Big Mac meal is 6 bucks!
might be a long slumber
That's gona be awhile, better bed down in ur fallout shelter
AI automation will make these and many other things a reality
Gas hasn't been $2 since 2005, even in Texas. You can get a pound of ribeye for $8, chuck for $5; if you can't, you're shopping in the wrong places.
Keep sleeping
Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me
There's wonder working power in following Kingdom principles on giving and tithing. Hallelujah!
But then, how do you get all that in that period of time? What is it you do please, mind sharing?
It is the digital market. That's been the secret to this wealth transfer. A lot of folks in the US and abroad are getting so much from it, God has been good to my household Thank you Jesus
Big thanks to Ms. Susan Jane Christy❤️✨💯May God bless Christy Fiore services,she have changed thousands of lives globally
How can I start this digital market, any guidelines and how can I reach out to her?
“Strike at the stroke of midnight.
Dance on the bones till the girls say when.
Pickup what’s left of daylight, when Josie comes home”
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I really mean this in the most cynical, non-partisan way (I hate everyone): I really want the Biden WH to be exposed for how anti-honest they’ve been about the economy
I'm sure all of the political class saw this coming and knows/knew it was just a matter of time. That being said I'm sure they would all have done the same thing. The best way to tell if a politician is lying is if you see their mouth moving.
@@cameronscarlett4025I am somewhat amused by the absurdity of the lies Kamala is trying to sell though. She says she's gonna end poverty 😂😂😂 no one's gonna be poor anymore she says lol
wokies wouldn't like that
I think this is one of your best videos because of its timely relevance and fantastic historical research. Thank you!
Extremely informative. This is so much better than any other reporting on macro economy that I ever saw.
Ribeyes are 18a pound and what’s confusing is the difference between areas. .99 cents a can of soup … now 2.49 a can ? ?? Inflation under control? I won’t call that a little hike.
That's not inflation just price gouging. That's how businesses test our wallets. Remember once the ruling class makes us desperate and poor they get to buy everything with the extra cash at steep discounts before letting us breathe a little. It's not a conspiracy, just a perfect alignment of self serving sociopaths doing what they want.
Excellent video, as always! Thanks so much man. No one goes as in-depth into the data as you do. You are extremely underrated.
Seems like someone is making up the term non-linear. Once there are 3 data points…it is a trend and no longer non-linear.
I love your graphics lol how the people creep in slowly from the sides
Excellent correlation, I'm convinced with high confidence. The delay for this cycle is caused by global economy and run away spending for the migrant influx and the wars. Now, business people will see their business is not holding up and will save their jobs by massive layoff. This negatice feedback loop is what we shall experience soon.
Good graph presentation. The Sheeples aren't going to like what comes next. Strong & Resilient is what you want your woman to say about you, not about the labor market.
I agree. 0.7% unemployment increase above the last unemployment bottom is the breakpoint I came up with as the best timing mechanism for the moment when unemployment goes parabolic, just looking at Fred datasets over the last fifty years. We hit that milestone in June 2024. Expect 150-300 basis points of unemployment increase between now and Christmas 2025.
What do you think that does to the market?
@@StarLight-lt2tm Recessions are almost always bad for equities, with pullbacks ranging from -15% to -50% from the latest all time highs. But who knows if that will be swamped out by government action. We saw ~35% growth in the money supply in less than a year during COVID. If you buy puts and then the Trump/Harris governments decide to turn on the money hose, you'll lose the entire position. Trade at your own risk.
To think if they didn’t cook the books, unemployment would be above 20%.
Who else do you watch besides Jeff?
Remember, Bernanke is on record saying there’s no problem in real estate and the banks have healthy balance sheets all the way into 2008. Heck, even I knew something was up in real estate back in late 2006, although no I didn’t have any idea just how bad the banks were. He was the Fed chairman, it’s impossible that he didn’t know, it’s obvious he was just lying
Yep, all the "experts" got it wrong as they kept cheerleading right over the cliff.
Goldman Sachs was shorting
They knew
@@sewnsew6770 They all knew. They kept regular investors in the dark so the banks could extract as much profit and unwind their positions as much as possible before the bottom dropped out. And the exact same thing appears to be happening now. It’s almost as if it’s planned that way in advance… 😏
It was Greenspan at the helm
@@jkmarshall3553 Until their interested parties have sorted out their position and then "OH GOSH OH GEE we knew it was gonna be bad. Everyone's been talking about how bad it is. And oh gee here it is. Time to recognize its bad. "
about to ? unemployment's been 15-20% for years. The books are cooked so why use numbers you know are garbage?
I agree, the books are way cooked by the time it’s done it will be 50% or more I bet
Yep
Exactly. The fact people can't decide if we are in a recession, depression or something else because the numbers are constantly being "revised" is very telling.
What I do know is that I don't know how people are making it. Food, fuel and everything else is expensive.
Yeah but when this unemployment goes up it is undeniably a problem. They cannot spin it.
No matter, the American economy is the strongest in the world. We need a correction in the economy. Stay out of debt and you will be fine. Have a skill that people need and you’ll be fine. Don’t borrow money for crap you don’t need and you will be fine.
Take a victory lap Jeff, Friday 8/2/24 just totally confirmed your thesis. 5 of last 6 months revised lower and a disaster for the July #
Jeff's "thesis" has long since been a proven failure.
"I'm down eighty percent in my TLT position, but it bounced three percent today; see...I was right!" -Jeff
"I'm down eighty percent in my TLT position, but it bounced three percent today; see...I was right!" -Jeff
Great video, loved the historical data deep dive and pattern matching - beautifully explained.
Holder onto your shorts! We're in for a doozer!
I'm puttin' napkins in mine.
Bruh I stopped watching yer channel like a year ago. U still saying the same thing
*Bit of a rant sorry!*
I am 41 years old, live in NYC and worked all my life since around 16, odd and ends part time jobs and moved into full fields and always had steady solid work. Covid closed down my job and I had to find other means to make it and while the government was 'helping' with inflated unemployment checks, my goal was always get a job. And I did just that and worked for an awesome company that was moving freight along the east cost, small, but they worked well and money was good - This was around the first year under Biden mind you. This company was around for 9 years and they said the BEST years where under trump and they truly made a fortune and the wheels moved the money came in.
As the job went on and Biden and his Admin got there heels dug in Freight suddenly became to expensive to move: Diesel prices at some points peaked so high filling even a box truck was around $250, And lets not even talk about the line hauls. Then the prices of everything in store sky rocketed but the shippers wanted to pay dirt cheap to move freight, they said it was strain, inflation, lack of workers, whatever they said - If you got $500-$800 a load you where lucky while these trucks where PACKED with over $100,000 worth of goods that, for the most part still would and where selling. To move a box truck would often cost over $500 between fuel, paying the driver and of course needed to sort money for the dispatchers, brokers, and other staff in short: The trucking world tanked under these clowns and the company closed down in may of 2024.
I have been out of work since, looking, struggling, and searching for anything i have put over 845 job applications. in all for them to be kicked back by some AI or lazy person in an office who wont do there job, I tried to call whatever services I could and the CREAM OF THE CROP answer was: Well, you can take you and your family to a shelter. THAT'S THE ANSWER?! tax paying american who worked more days they I want to ever count is to go to a homeless shelter?!? While these Illegals or baby pushers get free room, board, food AND CHECKS just for being? never working or paying a damn thing of there own?! This is America this is the American dream, "oh you worked your whole life and did everything right? boo boo go to a run down, filthy homeless shelter - now hold our beer while we give Quezla and her 6 kids a whole house and $25,000". Yeah I know they all don't get it, but stop investing money into these other country's by the billions or these illegals or these baby pushers and HELP the people who are trying to do the right thing, it makes me sick and its just getting worse!
I'm fortunate enough to have a decent full-time job, no debt, and I'm living as cheaply as I can. I regard myself as being lucky.
Yes. It is finally happening. China's economic downturn finally hit the USA. Only a week ago, I was laughing inside for analysts expecting three rate cuts before 2025. They, to my ignorance, could actually be right. Before this week, I was adamant us not to see FED rate cuts in the next 9 months minimum.
To this day idk how I got my job but I’m forever grateful because so many people are struggling and I wish they could be in my shoes to
OKAY. The point is well taken. The problem is that sticky inflation is still there and NOT going to come down to "2"%. And I do agree that cutting the rate doesn't do any good for employment but does make sticky inflation even stickier at least, and higher at worse. So, I say KEEP THE RATE HIGH and let the economy run its course till the inflation REALLY comes down to BELOW 2%. FORGET what the wishy-washy market says about the policy being too tight. Coz it's gotta nothing to do with it.
These people that interview him at the fomc meeting need to grow a pair of balls and say stop gaslighting us tell us the real scoop because every Economist that has their own channel tells us the opposite of what you are telling us
The Fed will never claim that we are headed into recession or claim they are pushing for a recession. Consumer and media opinions can actually push an economy into a recession by changing behavior. That's why you never hear them saying anything but a "soft landing" or minimizing bad news.
Just revised down 818,000 !!!!!!!
Aged like wine
Doubling the workforce has consequences
So much for the 500k job estimate
It'll be interesting to see tomorrow's jobs report after todays bad numbers from ISM and unemployment. Will they continue juicing the establishment survey?
interesting how the comments are who say obnoxious comments are nowhere to be found because it looks like he has been right all along
This dude has been wrong for four straight years.
Not even close.
I'm still waiting for the bit where he's right all along. Now he's saying we are going to have a summer recession 🤔
20:41 February 2024 is the cutoff point before we entered the unemployment spike trend. It's actually a 10 month period not a 14 month period. We are already 6 months in the spike.
so how long have we've been in a recession?
It’s interesting that the “experts” seem to get it wrong consistently
I have an inkling that this would be pretty manageable, if only more people went to the doctor before it became necessary to go to the ER, refused to enroll in obscenely expensive colleges, had a veggie garden, and weren't proud of pissing away their children's inheritance.
I'm still jobless. It's been a year. I put out so many resumes and cover letters and get no interviews.
You can walk out with items in california. Go for it!
At the end of the day it all comes down to politics not the reality of the situation.
This analysis is pure GOLD! Thank you
I think unemployment might end up being inflationary because of unemployment insurance. Imagine that.. rising UE and rising inflation. I think that's a real possibility but the Government/FED will do their best to cook the books.
Unemployment is DEFLATIONARY.
@@LG-tw5vm Unemployment insurance is an increase in the money supply when all bills for the government are paid by the printer.
You will Eat a Can of Beans , and You Will LICK THE LID !!!!!
I didn’t believe this to be honest but then I realized my boss is retiring on 2 months this and they’re cutting off our crew from the maintenance dept
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
......
Please how's that possible, I'm curious
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to elliot karen
Yeah, I attended her webinar some weeks ago.....
she's mostly on Telegrams, using the user name?
The jobs and economy must fall so prices come down. No rate cuts even with big banks begging.
This was a fantastic video! I really enjoyed the presentation especially the graphics you showed. Thank you!
Raising of the rates has nothing to do with anything except private borrowers using the money for garbage investments. It hurts everyone and it should be banned.
Look at a 30 year gold chart. It’s as bullish as ever.
Everyone buying bitcoin
@@paulkieffer1189it’s down again so maybe not
@@aridout GC Futures hit yet another all time high today and closed up a few bucks.
Fantastic Jeff. 10/10
Imagine 4 years of being wrong - year after year and boasting like you are right . Jeff is a narcissist
Another local downer
Absolutely pitiful. Jeff is also an embarrassment.
@@toolwithintention All praise Jeff the genius. Thou shall not criticize my hero.
@@wagashiohagi I drink cold beer
@@toolwithintention I drink Hanyu Ichiro's.
This is my man right here! ahead of the trends as usual! What a call!
The consistency of the linearity and then the parabolic move over all these cycles proves its contrived.
MSNPC & CNNPC: "This economy is amazing."
Jeff is phenomenal
Jeff is a failed investor turned RUclips grifter.
😂@@wagashiohagi
2 jobs that are recession proof. Electrician, Plumber. You're welcome.
It’s crazy that unemployment is actually higher than when Covid happened
An avid listener, noticed on another channel that AG is going through some hard times in the silver market, stock down considerably, time to buy an̈and support this great mine .
By September, unemployment will be well on its way to skyrocketing and fed will cut and cut fast but it won’t help. As usual
That’s the plan to destroy your wealth
Very interesting graphs. Thanks for the info
We're cooked hot and ready.
Day one in college for business page 1 it had the entire history of the stock market.
More or less every 10 years there's a crash.
Personally I went through the 2008 one so I know we're overdue for one.
I think the problem is trying to predict what the cause will be and the exact timing.
What I hear is that next year will be a great time for a 15 year fixed, and Trump is probably chuckling getting ready for a belly laugh. If unemployment puts him in office and the oil speculators go nuts, that mortgage will look really pretty.
Oil ? And the strategic reserve will be really over?
Human thought. It really makes you think all the drama, wars, and suffering are based on just human thought. Value is just a few neuron impulses.
Oh, everything will be fine! Uncle Jeromeee says so.
Look at the 2016 level. Something changed late that year. The pattern looks very similar and appeared to be ready to rocket, but then it dropped to 1999 lows over the next 3 years.
Hmm, what happened late 2016 that is also happening in late 2024?
Nothing Can Stop What Is Coming.
It's a seriously different fiscal picture from 2016. Repubs had forced Obama to rein in spending for several years, so the deficit was down to a few hundred billion a year. Now we're at $2T a year. Rates were 0.5% when Trump took office then, but likely 10x that if he wins now.
Having you been calling the end of mankind and unemployment for the past couple of months. When does it really happen?
No surprise to anyone during a hyperinflation that the USA is in that unemployment would soar as that is exactly what the USA *POLITY* wants. Not the Banks tho. Long $kmi kinder morgan energy strong buy
very very comprehensive analyses thanks!!
We just need a bigger fan.
Good info dude
But...but...but Powell said employment is strong! Who am I to believe?
Folks understand AI technology, the issue is finding the economic benefits of AI that out weigh the costs.
Eventually the marketplace will find some instances where the benefits outweigh the costs, however, these instances may not be what people expect them to be.
It is possible that there will be an AI bust in the short term as the costs of AI pile up and the benefits remain elusive.
AI is a dud. The hype is what is propping up the markets. The magnificent 7 stocks will not be magnificent forever. The hype will die down as AI fails to deliver real market solutions. LLMs are not the future of AI and are reaching the top of their S curves - some other architecture that hasn't been thought of yet is the next phase
I mean like, here in a few months I'm going to be unemployed
But like, not because I don't have a job available, but because I have a seasonal job
This is not fun bro. I hope it doesn’t get to the point where most of us regret not becoming farmers.
My plan B is sleeping in the dunes and fishing on the coast.
he has some good data this time but dont take his word for it because he keeps crying wolf 24/7
No way, a doomer feeds off clicks for being the doomiest and gloomiest of doomers? And there is no mechanism for his faulty and often one way coverage, no way to hold him to account? Whoa
The market 10% drop is resonable. Markets are not at bubble stage and the unemployment is far from 8% or so. In the past 8% was considered still ok.
It's all been held together with chickenshit and bailing wire for years now. So WHY now?
bro illustrates how nonlinear it is by drawing a straight line on it💀
We gonna go from soft landing to hardest landing possible…oops
F**k. So no crypto bull run. goddammit.
I would watch this video and not disliked if it were 5 to 10 minutes like it should’ve been.
It's all.......part of the plan.
Market is high, private businesses inflated their prices for no reasons, and cutting back on jobs to profit on more money.
Cutting back on jobs to survive the recession. To justify jobs you need opportunity. Nobody is spending.
Left Mindset: well at least SOMETHING is going up.
It seems like all the Fed is able to do is increase or decrease rates. It's like only being able to turn a car left and right when what you're really trying to do is slam on the brakes.
I have monitored Craigslist help wanted for years.. some of the skilled trade jobs have zero adds.. even in 2008 there was a few.. never zero
Would you please summarize this tedious report? What's the point?
The surface waters look calm but there is a tsunami coming. Just like previous economic cycles. "This time is different " rarely is.
Wear faceplate. Watch for flying 💩.