Why the US May Actually be in Recession Right Now
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- Опубликовано: 5 май 2024
- Danielle DiMartino Booth, CEO and chief strategist at QI Research, breaks down what she sees as a key indicator of economic deterioration in America. Danielle speaks with Paul Sweeney and Alix Steel on Bloomberg Radio.
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My company laid me off but kept the number under 500 to avoid the WARN Act and minimize the severance so I only get 7 weeks
The REAL unemployment rate is sky high but these are cooked numbers.
Omg! The middle class is getting hit the hardest!!!!!
Biden and his goons are willing to destroy the middle class to get reelected. He's even willing to import a new legion of 3rd world voters just so the democrats remain in power.
what else is new
We’re in a pretty bad economy right now
Speak for yourself 🤓🖕
Get 4 side hustles and never be in recession.
The top 20% are rolling in monies…
The middle 50% are even.
The bottom 30% are in recession.
Don’t buy stocks that cater to the bottom 30%.
Is that a joke or sarcasm? Only the top 1% would have gained! The top 10% salaries have actually shrunk the most!! Based on Danielle's dataset presentation
@@ssuwandi3240what are you talking about? Anyone with a 401k or a house has gained tremendously. The median American wealth increase has FAR outpaced inflation. I'm loving my 401k, Roth IRA and HSA accounts right now. I'm ready to retire in my 40s.
@@xiphoid2011 well that's a joke. obviously You bought everything to the T, what the Top 1%and their teleprompter reporters have relayed.😆.. what a Clown World we are living in!!
if by "even" you mean living paycheck to paycheck then that's correct. The bottom 25% are living in massive debt, and the 5% are basically homeless
The numbers don't lie but liars use numbers
Never ever let fed cook again
Wasn't there an exceptional job report a few months ago? Why would Danielle suggest that the Fed is going to concentrate on their secondary mandate employment? Does this not seem like desperation a way to convince investors there will be more rate cuts when the consensus seems to be implying higher for longer?
BLOOMBERG IS DEMOCRAT PROPAGANDA MEDIA..THERE ARE OTHER WAYS YOU CAN SEE THE REAL DATA AND SEE AMERICA IS DEAD
Because Jay said it. This time he clearly emphasized on the DUAL mandate.
@@ssuwandi3240aren’t the numbers dictating policy not just which casting projections that have only materialized towards the upside and thus keeping the status quo the same
@@ssuwandi3240 This seems to be the frustration for allot of capital markets that are hurting for cheaper money, which when they do receive it inflation spikes again so it’s like we are in quick sand for a cycle, the only thing that can save us is a.i having a significant impact on output.
@@andresmarchena6362all 3 indicators are now moving in one direction during last week's data. So Danielle's months of projection was proven to be valid.. But many seemed too fixated too early on the lagging effect.
Recession or not, its feels like one because prices are sky high. People dont have as much to spend as before.
We voted for this economy.
Meanwhile Stocks are going to the moon 🌙 😂 💰
Bidenomics!
Goes deeper than that, blame Israel and aipac
No shit
The establishment is trying its hardest to hold up stocks to get Briden reelected
Start at 2:30
Thank you Spider-Man!
Ah yes, the famous “McKelvey Rule” as a FLAWLESS indicator that we are in a recession. This lady makes Cathie Wood sound reasonable! I’m going to dream of Alix Steel following up that comment with an “Okay, I’m going to have to just call ‘bullshit’ on that one!”
If 3.9% unemployment is recession, the historical average of 4.5-5% unemployment means every country in the world have been in perpetual recession. 😂 ps. Recession is defined as 2 consecutive quarters of negative GDP growth. We are still at an historically low unemployment rate with positive GDP growth. This lady doesn't have a clue.
She’s not saying that 3.9% unemployment is a recession. The indicator is a .3% increase of the highest unemployment over a 12 month period.
you take the GDP numbers on face value. That's the mistake you're making that she isn't.
@@coolisfoolable Right on. The GDP growth is largely triggered by credit card debt and many people are starting to default. It looks like it will be the case that consumer spending will decrease and layoffs will become rampant