The recession has already begun: David Rosenberg

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  • Опубликовано: 13 июн 2024
  • David Rosenberg, founder & president of Rosenberg Research and Ed Devlin, founder of Devlin Capital, senior fellow at C.D. Howe Institute and former head of Canadian portfolio management at PIMCO, join BNN Bloomberg to discuss their economic outlook. They say that even as many believe a soft landing is still accomplishable there are some metrics suggesting the economy is already in a recession.
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Комментарии • 219

  • @lawerencemiller9720
    @lawerencemiller9720 6 месяцев назад +963

    In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery.

    • @alexyoung3126
      @alexyoung3126 6 месяцев назад +2

      An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumers staple, utilities and healthcare companies. But of course, such decisions can’t be made by an average joe, a financial advisor is highly recommended in making this decisions..

    • @jessicamoore3093
      @jessicamoore3093 6 месяцев назад +2

      Please who’s this Financial advisor that guides you?

    • @jessicamoore3093
      @jessicamoore3093 6 месяцев назад +1

      Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

  • @bernadofelix
    @bernadofelix 7 месяцев назад +379

    Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

    • @Suleferdinand
      @Suleferdinand 3 месяца назад +2

      Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

    • @RaymondKeen.
      @RaymondKeen. 3 месяца назад +2

      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.

    • @EddyAgnes-vy4kp
      @EddyAgnes-vy4kp 3 месяца назад +1

      That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

    • @RaymondKeen.
      @RaymondKeen. 3 месяца назад +1

      My CFA ’Margaret Johnson Arndt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @SandraDave.
      @SandraDave. 3 месяца назад +1

      Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

  • @Greghilton3
    @Greghilton3 6 месяцев назад +386

    With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

    • @Elkemartin213
      @Elkemartin213 6 месяцев назад +3

      Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

    • @KarlGrabe955
      @KarlGrabe955 6 месяцев назад +3

      The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $800k in return on investment, since using a coach for about a year.

    • @jonash330
      @jonash330 6 месяцев назад +3

      @@KarlGrabe955 I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

    • @KarlGrabe955
      @KarlGrabe955 6 месяцев назад +3

      Renowned for her proficiency and expertise in the financial market, “Vivian Carol Gioia” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

    • @jonash330
      @jonash330 6 месяцев назад +2

      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.

  • @Casey-summer
    @Casey-summer 7 месяцев назад +250

    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.

    • @mellon-wrigley3
      @mellon-wrigley3 7 месяцев назад +1

      Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.

    • @disney-hefner
      @disney-hefner 7 месяцев назад +1

      You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Camille Alicia Garcia. 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.

    • @louie-rose7
      @louie-rose7 7 месяцев назад

      ​ *@sofiakhalida8106* I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.

    • @disney-hefner
      @disney-hefner 7 месяцев назад

      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.

    • @louie-rose7
      @louie-rose7 7 месяцев назад

      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.

  • @williamyejun8508
    @williamyejun8508 7 месяцев назад +418

    We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

    • @alexyoung3126
      @alexyoung3126 7 месяцев назад +2

      For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.

    • @lawerencemiller9720
      @lawerencemiller9720 7 месяцев назад +2

      After the pandemic, things became extremely difficult, which is precisely when I sought a consultant's counsel. I've been investing on my own for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.

    • @jessicamoore3093
      @jessicamoore3093 7 месяцев назад +2

      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?

    • @lawerencemiller9720
      @lawerencemiller9720 7 месяцев назад +4

      "Lisa Angelique Abel" oversees my portfolio, simply do your due diligence. She's an extremely intelligent person, very thoughtful, cautious, and shows a great deal of expertise with over two decades of experience in her line of work.

    • @jessicamoore3093
      @jessicamoore3093 7 месяцев назад +1

      thanks for this tip, found her just after inputting her full name on my browser, no-sweat.. she seems impeccable!

  • @mesutserim1595
    @mesutserim1595 7 месяцев назад +213

    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

    • @legacymedia8468
      @legacymedia8468 7 месяцев назад +2

      Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

    • @chrisbluebird5037
      @chrisbluebird5037 7 месяцев назад +2

      Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

    • @lucasanderson8993
      @lucasanderson8993 7 месяцев назад

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @chrisbluebird5037
      @chrisbluebird5037 7 месяцев назад +3

      There are a lot of independent advisors you might look into. But i work with HEATHER LEE LARIONI and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

    • @kaylawood9053
      @kaylawood9053 7 месяцев назад +2

      she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

  • @albacus2400BC
    @albacus2400BC 7 месяцев назад +317

    I’ve had majority of my holdings in tech stocks and irrespective of the recession, I’ve done pretty well especially with apple’s P/E(price to earnings ratio) gaining over 30% this past decade, now my questions is what stocks do you think will be the next apple in terms of growth for the next decade.

    • @Redwood4040
      @Redwood4040 7 месяцев назад +2

      Unless you have the time to do the research yourself, you're probably better off investing in something like Scottish Mortgage Investment Trust and paying them a small amount to find them for you. Speaking with advisor can certainly help

    • @kaylawood9053
      @kaylawood9053 7 месяцев назад +1

      Amazing! Could shed more light or info on how you came along such world class expertise and how to possibly get across to this aforementioned individual?

    • @BenTodd-fl8nv
      @BenTodd-fl8nv 7 месяцев назад +1

      When I curiously typed in her entire name to search online, I saw that her site was highly ranked and really professional. Thank you for sharing this; it has stoked my desire to achieve my objective again.

  • @CharetteRose
    @CharetteRose 6 месяцев назад +383

    With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.

    • @Donaldsmith109
      @Donaldsmith109 6 месяцев назад

      The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

    • @Lettogle109
      @Lettogle109 6 месяцев назад

      very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.

    • @gracegomez109
      @gracegomez109 6 месяцев назад

      wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

    • @Lettogle109
      @Lettogle109 6 месяцев назад

      LINDA PEREZ LEWIS
      That’s my licesed Financial advisor you can easily look her up, Thank me later!

    • @gracegomez109
      @gracegomez109 6 месяцев назад

      Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up phone call.

  • @carolinekellysarin3282
    @carolinekellysarin3282 7 месяцев назад +337

    Just saw the article on the Nasdaq and S&P 500. Honestly, it's times like these that remind me how impactful having the right guidance can be. I started with basic knowledge, but with expert advice, I've seen my portfolio grow exponentially. It's like living a dream where you're achieving your financial goals faster than you thought possible, and with minimal effort on your part.

    • @user-hp8hs5ur8s
      @user-hp8hs5ur8s 7 месяцев назад

      That's incredible, Caroline! I've been trying to navigate these waters myself, but it's been a bit hit or miss. Your progress sounds like what I'm aiming for. Did it take you long to get to this point?

    • @martinlu7043
      @martinlu7043 7 месяцев назад

      I have to admit, I'm a bit skeptical. I've been investing for a while, but the progress is slow. Caroline, who's giving you this golden advice? I could use a nudge in the right direction myself.

    • @carolinekellysarin3282
      @carolinekellysarin3282 7 месяцев назад +1

      Linda Renae Allman.

    • @carolinekellysarin3282
      @carolinekellysarin3282 7 месяцев назад +1

      Thanks, Jenny! It's been a journey, but with Linda's insights, the journey felt much smoother. And Martin, Linda Renae Allman is who you're asking about. She's been phenomenal in guiding my investment decisions. Definitely someone worth knowing in the finance world.

    • @martinlu7043
      @martinlu7043 7 месяцев назад

      Thanks for sharing, Caroline. I'm definitely going to look into this. Sounds like Linda Renae Allman is the missing piece in my investment puzzle.

  • @adenmall7596
    @adenmall7596 7 месяцев назад +226

    This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

    • @bsetdays6784
      @bsetdays6784 7 месяцев назад

      The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

    • @roddywoods8130
      @roddywoods8130 7 месяцев назад

      I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

    • @hushbash2989
      @hushbash2989 7 месяцев назад

      it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?

    • @roddywoods8130
      @roddywoods8130 7 месяцев назад

      credits to “Mrs Marisol Cordova” one of the best portfolio manager;s out there. she;s well known, you should look her up

    • @kaylawood9053
      @kaylawood9053 7 месяцев назад

      Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

  • @RichardMoore-jg5tl
    @RichardMoore-jg5tl 6 месяцев назад +162

    Given reduced inflation signals and the belief that the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance overall performance through diversification?

    • @NicoleBarker-he2vp
      @NicoleBarker-he2vp 6 месяцев назад +3

      Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

    • @mohican-jx6fx
      @mohican-jx6fx 6 месяцев назад +2

      Indeed, some people use hedging techniques or allocate a portion of their portfOlio to defensive assets that do well in market downturns. These kinds of recommendations are given by hiring market experts, as I did in 2019, during the rona outbreak. Today, I can report a 45% increase in my $1 million portfOlio after purchasing assets that my advisOr recommended.

    • @DanielPanuzi
      @DanielPanuzi 6 месяцев назад +1

      Recently, my partner made reference to moving in the same direction. What invest-ments did you make? Who is your guide and advisr? If it's okay with you, more details on this

    • @mohican-jx6fx
      @mohican-jx6fx 6 месяцев назад +2

      Christine ann podgorny,deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy

    • @DanielPanuzi
      @DanielPanuzi 6 месяцев назад +1

      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 résumé

  • @stevensmiddlemass2072
    @stevensmiddlemass2072 7 месяцев назад +107

    A flailing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. All my focus right now is how to safeguard and improve my $2m portfolio from market changes based on the conflict in the middle east.

    • @Curbalnk
      @Curbalnk 7 месяцев назад

      After studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly help

  • @A_francis
    @A_francis 7 месяцев назад +145

    What are the best strategies to protect my portfolio from the recession? I've heard that it will devastate the financial market, so I'm concerned about my $200k stock portfolio.

    • @BenTodd-fl8nv
      @BenTodd-fl8nv 7 месяцев назад +2

      Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

    • @benitabussell5053
      @benitabussell5053 7 месяцев назад +2

      The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.

    • @Theresaa12
      @Theresaa12 7 месяцев назад +2

      I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

    • @benitabussell5053
      @benitabussell5053 7 месяцев назад +1

      I started out with an FA named *Alicia Estela Cabouli* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo 7 месяцев назад +1

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @McElvinn
    @McElvinn 7 месяцев назад +64

    This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

    • @corrySledd
      @corrySledd 7 месяцев назад +2

      Professionals are currently crushing it because they have both the necessary approach to profit in this market as well as access to insider market knowledge that is not made public. With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $180k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

    • @sheltonPston
      @sheltonPston 7 месяцев назад +1

      Since the outbreak of 2020, which significantly affected the market, I've been consulting an investment coach before making any investment decisions because their entire philosophy is built around employing a high-profit orientated plan while simultaneously trading long and short, as well as decreasing risk exposure as a hedge against inevitable downtrends. When coupled with their access to odd data and analysis, underperformance is virtually impossible.

    • @AUstinnesc
      @AUstinnesc 7 месяцев назад +1

      Impressive can you share more info?

    • @sheltonPston
      @sheltonPston 7 месяцев назад +4

      There are many financial coaches who excel in their profession, but for the time being, I employ Nicole Desiree Simon because I adore her methods. You can make research and find out more.

    • @AUstinnesc
      @AUstinnesc 7 месяцев назад

      Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

  • @freddytang2128
    @freddytang2128 7 месяцев назад +14

    We should revise definition of recession to negative per capita gdp growth instead of negative total gdp. Obviously if you add a million residents a year, gdp goes up. If gdp goes up 1% when population goes up 3%, we are getting poorer 🙄

  • @Tiff_Howell
    @Tiff_Howell 7 месяцев назад +66

    I'm really between the devil and the deep blue sea, is this really a good time to buy? Folks are screaming "Dead cat bounce" Do I just wait and buy after continuation after rally when things go back down? My reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory.

    • @Steph_Thomas
      @Steph_Thomas 7 месяцев назад +1

      Yeah, more reason I enjoy my day-to-day market decisions is that I'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.

    • @Tiff_Howell
      @Tiff_Howell 7 месяцев назад +1

      I read inflation will be at 30% by the end of the year, hopefully the government doesn't let things become as bad as Argentina or Venezuela, my plan to just earn more gains passively and ride out this recession, can you help me point me in the right direction of your portfolio-coach?

    • @Steph_Thomas
      @Steph_Thomas 7 месяцев назад +1

      Sure, the portfolio-coach that guides me is Lisa Ann Moberly, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her.

    • @Tiff_Howell
      @Tiff_Howell 7 месяцев назад +1

      Thanks! I found her and left a message, I hope she responds soon.

  • @peej91
    @peej91 7 месяцев назад +9

    The reason boc raised them quickly is because it was low for too long. Too many people in one sector causes debt to income to be unrealistic. It’s time to pay the piper.

  • @Marsalien100
    @Marsalien100 7 месяцев назад +25

    They should have raised the rates yesterday.

  • @KM-sr9cc
    @KM-sr9cc 7 месяцев назад +16

    The Canadian public needs geopolitical experts and not Cheerleading Economists/Bankers/ Investors/ Strategists and Developers to explain the crises and recession.

    • @dailydrivenmuscle.
      @dailydrivenmuscle. 7 месяцев назад +2

      I guess these guys have someone buy their groceries and turn a blind a eye to million dollar houses they live in

  • @user-vi8ci2bi6b
    @user-vi8ci2bi6b 7 месяцев назад +17

    Just by pausing yesterday the CAD has already started dropping, which in itself creates higher prices(inflation) on all imports.
    If this continues there is no scenario on this earth that rates dont go up in dec.
    Narrow minded thinking to think that its controled by conditions within our borders.
    BNN has noticably started trying to sell u something that doesnt exist.
    All i can say is b carefull who u get your advise from.

  • @Greghilton-oc2nx
    @Greghilton-oc2nx 7 месяцев назад +5

    Our economy struggling with uncertainties, housing issues, foreclosures, 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.

    • @Elkemartin213
      @Elkemartin213 7 месяцев назад +4

      Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

    • @Quason788
      @Quason788 7 месяцев назад +3

      Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.

    • @jonash330
      @jonash330 7 месяцев назад +2

      @@Quason788 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.

    • @Quason788
      @Quason788 7 месяцев назад +3

      My financial advisor is “Vivian Carol Gioia” I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.

    • @jonash330
      @jonash330 7 месяцев назад +1

      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.

  • @Bill_clarkson
    @Bill_clarkson 7 месяцев назад +8

    In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery. As Robert Kiyosaki once said,
    "It's not about the amount of money you save, but the amount you invest." Focus on financial education, reducing unnecessary expenses, and leveraging opportunities that arise.

    • @linsey.
      @linsey. 7 месяцев назад

      An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumers staple, utilities and healthcare companies. But of course, such decisions can’t be made by an average joe, a financial advisor is highly recommended in making this decisions..

    • @Campbell957
      @Campbell957 7 месяцев назад

      Exactly! Which is why I appreciate giving a financial advisor the power of decision making. Giving their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risks for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it’s practically impossible for them to underperform. I have made over $1million working with John Desmond Heppolette, for more than five years.

    • @ConorGraham-
      @ConorGraham- 7 месяцев назад

      I've shuffled through a few financial advisor in the past, but settled with John Desmond Heppolette. The strategy he use is recession-proof, more specifically profit-oriented, and most likely, you'd find his basic info on the net, he's a renowned advisor.

    • @angelicstennett
      @angelicstennett 7 месяцев назад

      I found his outstanding and excellent resume when I made a google researched of his full names online. I count it a gift that I went over this remark.

    • @Elizabeth0598
      @Elizabeth0598 7 месяцев назад

      Recession will gradually become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire..

  • @adohmnail6445
    @adohmnail6445 7 месяцев назад +2

    Delusional. The cost of food, transportation, energy and housing has increased dramatically. Who cares about a new power saw or drill being the same price as last year when all of your necessities have resend 12-16% or more.

  • @Options96
    @Options96 7 месяцев назад +1

    The Bank of Canada needs to keep inflation in a certain range by the use of interest rate increases. Yet it was the rate of change that is tough for mortgage holders, especially if they have a variable rate mortgage.

  • @ShamileII
    @ShamileII 7 месяцев назад +3

    Always love listening to David Rosenberg. US investor with Canadian holdings.

  • @rosieone5670
    @rosieone5670 7 месяцев назад +4

    All I heard was lower interest rates, lower housing prices. What I foresee, more housing available, more of those lower housing prices sold at over asking on bidding wars once again.
    Greed and Speculation. Lower interest won’t help the over-leveraged with persistent inflation wandering around picking peoples pockets. I dare say, you can’t save, pay off debt, invest for retirement, afford a mortgage, buy a transportation or raise kids in this round of economic turmoil.
    Basic Goods and Services have priced themselves just out of reach of any generation other than the Boomers.

  • @grizzlegreezz9696
    @grizzlegreezz9696 7 месяцев назад +4

    I agree, BOC is in lockstep with the feds. But I do admire his optimism. Rosenberg would make a good preacher. 😂😂😂😂

    • @dailydrivenmuscle.
      @dailydrivenmuscle. 7 месяцев назад

      Nah..he's full of $hit. Only cares about his portfolio.

    • @adohmnail6445
      @adohmnail6445 7 месяцев назад

      It's what he is paid to do.

  • @carknower
    @carknower 7 месяцев назад +2

    The miraculous soft landing 🛬

  • @JohnDaniels
    @JohnDaniels 5 месяцев назад

    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

  • @user-mv9fy2jj8y
    @user-mv9fy2jj8y 7 месяцев назад +1

    The cumulative increase in price index (inflation) has exceeded 10% for the last 2 years, so if you have a GDP growth of 2-3%, you still end up getting less goods and services even with the apparent GDP growth. In fact, the real GDP has been contracting once you take into account the inflation rate.

  • @arshiyamalik3368
    @arshiyamalik3368 7 месяцев назад

    The Bank of Canada excludes mortgage interest costs in its calculation of core inflation, Mr. Rosenberg is incorrect about core inflation “actually” being 2.1%. Well, he is only correct if you subtract mortgage interest costs twice.

  • @kaitlyncranwick
    @kaitlyncranwick 7 месяцев назад +4

    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 stocks and oil trading, it seems that a new multilateral world order is on the horizon.

    • @BiancaSherly-qt6sb
      @BiancaSherly-qt6sb 7 месяцев назад +2

      It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

    • @maryHenokNft
      @maryHenokNft 7 месяцев назад +2

      I personally worked with an investment advisor to diversify my $200k portfolio across multiple markets, resulting in over $580k in net profit from high dividend yielding stocks. With the right guidance, you can also make informed investment decisions and achieve your financial goals

    • @maggysterling33254
      @maggysterling33254 7 месяцев назад +1

      @@maryHenokNft Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.

    • @maryHenokNft
      @maryHenokNft 7 месяцев назад

      Sure, the Financial advisor that guides me is *Mary Onita Wier* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.

    • @StellaMaris-lv2uq
      @StellaMaris-lv2uq 7 месяцев назад

      Thank you for this tip , I must say, Mary 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.

  • @regm81
    @regm81 7 месяцев назад +4

    We should be near 15%

  • @darkodelic4261
    @darkodelic4261 7 месяцев назад

    How it possible that everything going to be expensive but earning money less?Something is strange probably somebody steals big money.

  • @jtmachete
    @jtmachete 7 месяцев назад +2

    We are on the precipice of a depression

  • @dailydrivenmuscle.
    @dailydrivenmuscle. 7 месяцев назад +6

    Rosenberg has mortgage rate coming up for renewal. Economy is fine...

  • @thelostclock6930
    @thelostclock6930 7 месяцев назад

    I think if we reduce interest rate right now, the inflation will come right back up.

  • @sheikhfadhilaljahdhamy6751
    @sheikhfadhilaljahdhamy6751 7 месяцев назад

    I agree we are in stagflation. We need to refrom and enable the treasury to print our money than central bank

  • @tessbakker7549
    @tessbakker7549 7 месяцев назад +18

    I will forever be indebted to you, you've changed my whole life and i continue to preach your name to the whole world to hear you've saved me from a huge financial debt with just little investment, Thanks so much Mrs Paula David.

    • @daviesgriffiths5215
      @daviesgriffiths5215 7 месяцев назад

      I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.

    • @georgeheyden4524
      @georgeheyden4524 7 месяцев назад

      Wow, amazing to see others who trade with Paula David, I'm currently on my 5th trade with her and my portfolio has grown tremendously.

    • @DeviJane-jp3xn
      @DeviJane-jp3xn 7 месяцев назад

      You invest with Paula too? Wow that woman has been a blessing to me and my family.

    • @klaasjohnsons1523
      @klaasjohnsons1523 7 месяцев назад

      Any information on how i can reach her, i'm new at this

    • @liamjones6540
      @liamjones6540 7 месяцев назад

      I was skeptical at first until i decided to try. Its huge returns are awesome, can't say much

  • @samgabriel2360
    @samgabriel2360 7 месяцев назад

    Its really ridiculous. Simple and straightforward, the interest rates have nothing to do with inflation in Canada, simply because most of goods priced are imported and the price are not set in Canada. Which si also why any amount of rate hikes is not denting prices. Why dont these bookworms get this simple common sense thing

  • @qasimparekh9175
    @qasimparekh9175 7 месяцев назад

    Meanwhile - financial times writing post of “maybe rate cuts” haha !

  • @batralawgroup6354
    @batralawgroup6354 7 месяцев назад +1

    He had been talking about housing crash since many years, and all of sudden he declared few months back that canadian real estate has been crashed when prices shot up so high after pandemic and little reduction amounted to crash😂😂

    • @sugadre123
      @sugadre123 7 месяцев назад +1

      Because any intelligent person understands the end result of low rates is inflated assets which leads to a bubble and then a crash. Nobody can predict when exactly its going to happen but anyone with an ounce of economic sense understands the cycle. We are in a buyers market already in most of Canada. What do you think come next when the mass layoffs begin. Which they are starting now. Good luck out there.

  • @user-vi8ci2bi6b
    @user-vi8ci2bi6b 7 месяцев назад +6

    There already leaving food and oil out of core inflation.
    Lol
    Take out debt service and theres nothing important left.
    Who cares if the inflation rate of a new couch, or bed, or blender.

    • @Curious_Hemant
      @Curious_Hemant 7 месяцев назад +1

      Food and oil should be in there. Mortgage debt nope

    • @mend9850
      @mend9850 7 месяцев назад +2

      Rosenberg's logic - people can't afford housing, food or gas but its ok because TV prices are slowing🤡

    • @dapred00
      @dapred00 7 месяцев назад

      @@mend9850 Nah, his logics are "GDP is up therefore we are in a recession" which is plain stupid but he has to sell his weekly clickbait apocalyptic predictions.

    • @mend9850
      @mend9850 7 месяцев назад

      It's a per capita recession. He's right about that.@@dapred00

  • @Chris-se3nc
    @Chris-se3nc 7 месяцев назад +3

    If they don’t cut rates early next year, there will start to be many more layoffs. Highly indebted Canadians can’t be stretched for all of 2024. Mortgage renewals for the 2025 cohort will be a disaster.

    • @user-vi8ci2bi6b
      @user-vi8ci2bi6b 7 месяцев назад +4

      Neccesary evil for our future. As in any war, There will b casualties

    • @alexpearson8481
      @alexpearson8481 7 месяцев назад +2

      So you’re choosing $1500 for a loaf of bread?

  • @WaysToWealth
    @WaysToWealth 7 месяцев назад +1

    Winter is Coming

  • @andrewsbbq
    @andrewsbbq 7 месяцев назад

    probably should have sold my rental house back in the spring/summer

    • @goodhuman123
      @goodhuman123 7 месяцев назад

      You can sell it to me now for 20% less.. If you wait you'll have to sell it for 30% less at least

  • @justingirard7476
    @justingirard7476 7 месяцев назад +1

    2% is got to be the most garrymandered number I have ever heard. The CPI is already Garrymandered without further Garry. If you have to exclude meat, avocados, mortgages, and all that is left in CPI is soy protein and eggs -- sure 2%. Unless you hold the value portion constant, the measure of value means nothing.

  • @YTDataAnalyst
    @YTDataAnalyst 7 месяцев назад +18

    THIS used to be one of my most watched YT channels... sadly, it's been a while since i visited it has been a very rough year... i am experiencing one of the toughest phases of my life... Lost a fortune lnvesting in emerging companies. Hopeful, for a turnaround.

    • @onieodelia5840
      @onieodelia5840 7 месяцев назад

      Investing so much in emerging companies is a ridiculously bad strategy you need to balance your portfolio against risk. Investing must be like the healthy food pyramid. BTW, I commend Adam Brossard Wright's trading method too, best I have seen so far.

    • @mikeb5664
      @mikeb5664 7 месяцев назад +2

      SCAM ALERT

    • @haydencrawford8552
      @haydencrawford8552 7 месяцев назад +1

      Bot

    • @khusseinkhomeini
      @khusseinkhomeini 7 месяцев назад

      @michealweebles6258 Adam Brossard Wright broke into my house, ate all my food, and turned my dog gay. DON"T TRUST HIM!

  • @ericmendels
    @ericmendels 7 месяцев назад

    I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.

    • @stephenpotter21
      @stephenpotter21 7 месяцев назад +1

      It's really not as difficult as many people presume it to be. It requires a certain level of diligence, which is something ordinary investors lack, and so a financial advisor often comes in very handy.

  • @user-sb5tz8mh3t
    @user-sb5tz8mh3t 7 месяцев назад

    Sounds like dudes being roasted are long treasuries...lol

  • @flynnfranklin1887
    @flynnfranklin1887 7 месяцев назад

    🙄🙄🙄

  • @shadowofpain8144
    @shadowofpain8144 5 месяцев назад

    BS I cant find anyone short virtually anything in the market. Lol

  • @Marsalien100
    @Marsalien100 7 месяцев назад +6

    They keep avoiding the obvious problem. It's frustrating to see these economists IGNORE RECKLESS GOVERNMENT SPENDING.

    • @user-vi8ci2bi6b
      @user-vi8ci2bi6b 7 месяцев назад +1

      Govt spending is adding to inflation

    • @mikeb5664
      @mikeb5664 7 месяцев назад +1

      Spending cuts and austerity are a self-defeating policy. We saw proof of this after the 2008-2009 economic crisis. Government stimulus spending was a leading driver in returning our economy back to health, and it will do so again.

    • @silas232003
      @silas232003 7 месяцев назад +2

      reckless spending and overpopulation. The bank of Canada even mentioned it themselves in Release of the Monetary Policy Report - youtube video 3 months ago at the 23rd - 25 minute mark. The reason why inflation is high is largely due to the immigration policy the current government has. Overpopulation impacts all sectors of the economy.

    • @carbb5760
      @carbb5760 7 месяцев назад

      @@mikeb5664yes that government had really good targeted spending policy which was very effective.

    • @mikeb5664
      @mikeb5664 7 месяцев назад

      @@carbb5760 And what was that spending targeted on, and how is it different than today?

  • @teresarose685
    @teresarose685 7 месяцев назад

    Succulent Chinese meal on the way

  • @Rucuz
    @Rucuz 7 месяцев назад

    End the central bank - stop socializing losses and manipulating interest rates.

  • @rineleff2009
    @rineleff2009 7 месяцев назад +6

    To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I’ve heard testimonies of people accruing over $550k during recessions

    • @user-fb2hk7vu3q
      @user-fb2hk7vu3q 7 месяцев назад

      For a successful long-term strategy you have to seek guidance from a broker or financial advisor.

    • @KarenLynnOlsen
      @KarenLynnOlsen 7 месяцев назад

      I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.

    • @maxwelltroy2375
      @maxwelltroy2375 7 месяцев назад

      That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

    • @KarenLynnOlsen
      @KarenLynnOlsen 7 месяцев назад

      My Financial adviser is ‘’Camille Anne Hector’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

    • @gilbertbrien2280
      @gilbertbrien2280 7 месяцев назад

      If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Camille Anne Hector will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…

  • @BRuane-pw6xq
    @BRuane-pw6xq 6 месяцев назад

    Sure Trump Boy GDP grew at 4.9 pct. You hope we have a Recession Boy

  • @FBI_Informant
    @FBI_Informant 5 месяцев назад

    This video has not aged well! 🤡

  • @brianwhitehawker1756
    @brianwhitehawker1756 7 месяцев назад +231

    With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

    • @Tonyham198
      @Tonyham198 7 месяцев назад

      While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.

    • @andersonedward787
      @andersonedward787 7 месяцев назад

      Having an lnvestment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.

    • @codeblue11
      @codeblue11 7 месяцев назад

      impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

    • @andersonedward787
      @andersonedward787 7 месяцев назад

      My advisor is .LEILA SIMOES PINTO. You can easily look her up, she has years of financial market experience.

  • @bonner-qv3mi
    @bonner-qv3mi Месяц назад

    Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

    • @rapp-in1mz
      @rapp-in1mz Месяц назад

      Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more...

    • @WalterDorcas
      @WalterDorcas Месяц назад

      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...

    • @Johnmark-iq4gg
      @Johnmark-iq4gg Месяц назад

      That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

    • @WalterDorcas
      @WalterDorcas Месяц назад

      My CFA ’’ Angela Lynn Schilling , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

    • @Johnmark-iq4gg
      @Johnmark-iq4gg Месяц назад

      Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her..