What are the biggest economic challenges investors will face this year? Comment below with your own insights, and don't forget to subscribe. FOLLOW MICHAEL SHEREN: Twitter (@MetaVerse_Green): twitter.com/MetaVerse_Green
Totally agree. No pivot until 2024. Two more raises to come. RE prices in US to return to 2012 levels, in real terms, before the bottom is reached. And that is not likely to occur until 2026. Or 2027. Govt intervention, especially student loan deferment, foreclosure moratorium, extension of Covid loss mitigation rules through Oct 2024 (imagine that) will mean RE will slowly grind to the bottom. The average correction takes 4.6 years. With the peak in nominal prices in July 2022 the correction is still in its first year. The last one took 6. The one before that 7. Long long way to go. And, as history shows, acceleration in corrections always occur after the FED begins to cut. This guy may be correct on the general themes. But his timing is way way off. He needs to go back to history class.
@Gyrate I think many of us are simply biding our time. If you study the history of real estate going back to 1800 you are armed with the knowledge, that in the end, it’s never different. And to those who say this time it will be different my response is that you may be correct…because it will not just be different, it will be worse. The top line jobs number is a blatant lie. GDI is negative and has been for months. The unemployment rate ticked up .3%. In the past 100 years every time unemployment went up by .3% (or more) in one month, overall unemployment rose by at least 1.5% beyond the initial rise. And often it rose by much more. So that means we are looking at unemployment reaching at least 5.2%, that’s 100s of 1000s more losing their job. And, if you are in the hard landing scenario, where both unemployment rises significantly and housing correction is moderate to severe, then unemployment doubled from the low. Which would put it close to 7% before it’s all over. It’s coming. It’s just taking longer than many expected.
When he was explaining ESG at 35:39 was I the only one listening to that and thinking: "This all sounds very inflationary". In essence, businesses will have to be charged for their impact on the environment. That's a cost that isn't a factor in any business. Whatever that fee structure is will be deducted from the revenue of a business. Sounds like this will have a big impact on corporate earnings. Causing impacts on how profitable businesses are. If it has a positive impact on society, fine. But it also sounds like this will have a large impact on the stock market (force it downwards. Less money for businesses to pay in dividends too). Perhaps something to consider when investing your money in the future.
Even worse, the "costs" that the government decides are completely arbitrary. This hack might want to believe the government knows exactly what every thing is caused by and how much it costs, but that is a blatant lie. It is nothing more than a carbon-tax, which is nothing more than a money laundering scheme and method of government domination.
Ex senior adviser to the Central BOE. Now that's a voice we should all be listening to. First Wolff and now this status quo cat. We want diverse opinions David, but not if they're compromised. Once a Central Banker, always a Central Banker.
Real Estate is too high! Interest needs to go higher!! Because Home prices and interest are inversely related. And it doesn't do anybody any good to have a high property value because your next house oh the proportionally higher as well and your property taxes are higher and your neighbor's house is higher so everything is relative. Higher home values also put you on the hook for more money in the case of a default. But interest is expunged in a default. Also it's harder to pay off a house early with a high real estate sale price as a result of low interest. But when the sale price is lower then you can pay the principal off sooner and the interest is expunged, so if the interest rate is higher it doesn't matter. People are horribly confused when they see interest going up. It's actually a very good thing as long as home prices come down. But there is an interval where home owners don't want to lower their price. So buyers have to wait. But I don't feel bad because most homeowners have a lot of room.. they're actually trying to get rich off of 1 sale -- that's you! Too much greed in R.E.
Ask anybody living in Florida what they think about the often touted efficiency of heat-pumps... It's garbage technology that moves a lot of air, sucks a lot of electricity and can barely keep a home lukewarm in winter down there. Anyone living north of Georgia who switches to a heat pump will have to take a second mortgage to pay their electric bill due to the heat pump running 24/7 and will end up freezing to death regardless...
You don't have to speculate about the service life of electric cars. Some have been around long enough for owners to find out that the batteries their car used were no longer produced thus requiring a shop to rework the battery storage compartment, replace the batteries and the wiring harness they connect to for a cost exceeding that of buying a new gas powered car...
When speaking on revenue, he never mentioned the idea of raising taxes. He offered growing GDP or cutting Social Security (absolutely insane to even mention that)
They can't cut rates if inflation decreases due to the debt load and real wage growth that has fallen behind inflation 300% for over 40 years. Our manufacturing and GDP has been declining while debt increases. This is why our debt to gdp ratio is approaching 130%. Total US debt is $200 trillion. There is no escaping a serious economic downturn.
I listened to the whole video, hoping their would be at least one little nugget of wisdom or useful information, but wow, this hack spent 44 minutes talking without saying anything worth hearing. Thankfully, this is an exceptionally rare occurrence among David's interviews, which are usually great.
The guy was blaming the banks for being over exposed to bonds at low interest rates. It was central bankers like himself that drove rates down there where they should never have gone, there was obviously going to be repercussions and he is definitely trying to avoid them. He said a 21 year old graduate would know they should have hedged; well a 5 year old could equally tell you printing money out of thin air to the tune of trillions ain't gonna end well
Good news: NO ONE knows. SHOCKING, I know - NO ONE can tell the future bruh. Chill out and take it easy yo. Talk to me in 2024 when markets are higher; talk to me also in 2025 when we reach new ATHs in capital markets, crypto etc....
I prefer to have the market set the cost of a coffee mug, thank you, very much. We do not need a select group of elites applying ESG principles to prices.
Competition is good in banks.... However, Canada has one of the most stable banking systems in the world and the big 5 chartered banks dominate here. We have local branches in small towns. It works here. I can get a competative mtg if needed. Not sure why Americans are freaking out about small banks disappearing. If the big banks are charging too much, an opportunity lender will appear. The cure for high prices ...is high prices.
ESG - so only businesses and individuals that function in a manner acceptable to those steering the ship, will have access to bank accounts and insurance cover etc - be a good citizen or you’re done; real nice. Canadian truckers can tell you how this works, and it ain’t pretty.
All of this carbon bs is outlandish, it's a cesspool of more capital centralization. I come from a green energy business before it was hip and fancy ESG. This energy war against the commodities of oil and natgas is going to backfire!
2-3 years and petrochemical based vehicles are rusting obsolete? This guy is smoking his own product. Be honest and people take you seriously. Not this guy. Salesman snake.
he lost me at the electric vehicle section. how about the cost of mining lithium and all that. No such thing as 0 risk industry. so what he is saying we the consumer have to pay for everything including some people misfortunes as long it can be tide to carbon foot print. which is basically anything. Sound like the "you will have nothing and be happy", kind of like the 18th century were only the wealthy could afford everything and the peasants just watched and wished.
All these guys talk about falling liquidity and higher interest rates hitting asset prices. Nonsense. Basically no debt ceiling means unlimited money printing = rising stocks. Nothing else makes sense.
Interesting. When are we going to see hankie vs shiff? I think Peter can argue against bitcoin hodlers all day but knows he would get his ass handed to him by hankie so he probably won't do it😋
What are the biggest economic challenges investors will face this year? Comment below with your own insights, and don't forget to subscribe.
FOLLOW MICHAEL SHEREN:
Twitter (@MetaVerse_Green): twitter.com/MetaVerse_Green
You lost me at "Green Financing". A multi government initiative involving mass interference with free market trade. What could possibly go wrong?
Mortgage rates going up….NOT DOWN. Could hit 10% plus by this Fall, September, October. Blood in the streets.
Couldn’t agree more. At least %10 with the FED BSing all the way there, brace for impact!
Totally agree. No pivot until 2024. Two more raises to come. RE prices in US to return to 2012 levels, in real terms, before the bottom is reached. And that is not likely to occur until 2026. Or 2027. Govt intervention, especially student loan deferment, foreclosure moratorium, extension of Covid loss mitigation rules through Oct 2024 (imagine that) will mean RE will slowly grind to the bottom. The average correction takes 4.6 years. With the peak in nominal prices in July 2022 the correction is still in its first year. The last one took 6. The one before that 7. Long long way to go.
And, as history shows, acceleration in corrections always occur after the FED begins to cut.
This guy may be correct on the general themes. But his timing is way way off. He needs to go back to history class.
@Gyrate I think many of us are simply biding our time. If you study the history of real estate going back to 1800 you are armed with the knowledge, that in the end, it’s never different. And to those who say this time it will be different my response is that you may be correct…because it will not just be different, it will be worse.
The top line jobs number is a blatant lie. GDI is negative and has been for months. The unemployment rate ticked up .3%. In the past 100 years every time unemployment went up by .3% (or more) in one month, overall unemployment rose by at least 1.5% beyond the initial rise. And often it rose by much more. So that means we are looking at unemployment reaching at least 5.2%, that’s 100s of 1000s more losing their job. And, if you are in the hard landing scenario, where both unemployment rises significantly and housing correction is moderate to severe, then unemployment doubled from the low. Which would put it close to 7% before it’s all over.
It’s coming. It’s just taking longer than many expected.
Better clutch those pearls!
@@gyrate98they are
No ESG scammers bro please!
You’re absolutely spot on. Couldn’t agree more
politicians paying themselves.
David rocking the late night out hair
You should stick with that cab driver.
Totally wrong. The Fed cares about inflation not real estate prices that are totally inflated and in a bubble!
The fed cares about financial stability and preserving the US dollar
@@mikehawk4856 The FED main two mandates are based on employment and inflation/price stability. Financial markets and the US dollar is secondary.
The Fed “cares” about nothing
Anything to do with financials the Fed cares about right now. It all matters way more than you realize obviously.
When he was explaining ESG at 35:39 was I the only one listening to that and thinking: "This all sounds very inflationary". In essence, businesses will have to be charged for their impact on the environment. That's a cost that isn't a factor in any business. Whatever that fee structure is will be deducted from the revenue of a business. Sounds like this will have a big impact on corporate earnings. Causing impacts on how profitable businesses are. If it has a positive impact on society, fine. But it also sounds like this will have a large impact on the stock market (force it downwards. Less money for businesses to pay in dividends too). Perhaps something to consider when investing your money in the future.
Even worse, the "costs" that the government decides are completely arbitrary. This hack might want to believe the government knows exactly what every thing is caused by and how much it costs, but that is a blatant lie. It is nothing more than a carbon-tax, which is nothing more than a money laundering scheme and method of government domination.
Ex senior adviser to the Central BOE. Now that's a voice we should all be listening to. First Wolff and now this status quo cat. We want diverse opinions David, but not if they're compromised. Once a Central Banker, always a Central Banker.
Calm down bruhv. step outside this weekend ok?
You mean “here is a mid level bureaucrat that had essentially no influence but I think he’s smart because blazer”
@@conduit242 Lol, no, no one thinks he's smart.
We have a spending problem not an income problem.
Yo, you spend too much> Gimme that money yo
Tax cuts = spending. Enjoy.
David you’re legit. Thanks for branching off from K news and making your own way. Your content is awesome
Real Estate is too high! Interest needs to go higher!! Because Home prices and interest are inversely related. And it doesn't do anybody any good to have a high property value because your next house oh the proportionally higher as well and your property taxes are higher and your neighbor's house is higher so everything is relative. Higher home values also put you on the hook for more money in the case of a default. But interest is expunged in a default. Also it's harder to pay off a house early with a high real estate sale price as a result of low interest. But when the sale price is lower then you can pay the principal off sooner and the interest is expunged, so if the interest rate is higher it doesn't matter. People are horribly confused when they see interest going up. It's actually a very good thing as long as home prices come down. But there is an interval where home owners don't want to lower their price. So buyers have to wait. But I don't feel bad because most homeowners have a lot of room.. they're actually trying to get rich off of 1 sale -- that's you! Too much greed in R.E.
Great Job David Thank you
Ask anybody living in Florida what they think about the often touted efficiency of heat-pumps... It's garbage technology that moves a lot of air, sucks a lot of electricity and can barely keep a home lukewarm in winter down there. Anyone living north of Georgia who switches to a heat pump will have to take a second mortgage to pay their electric bill due to the heat pump running 24/7 and will end up freezing to death regardless...
44:00 minutes of the video: Either way, manufacture costs etc all trickle down to the end consumer.
Ultimately this dude is just afraid of plastic.
Great interview…great analytical knowledge
Very interesting and diverse conversation 🎉🎉
One "expert" says interest rates to be slashed.
Another says interest rates to rise.
Ignore these people or your head will spin
You don't have to speculate about the service life of electric cars. Some have been around long enough for owners to find out that the batteries their car used were no longer produced thus requiring a shop to rework the battery storage compartment, replace the batteries and the wiring harness they connect to for a cost exceeding that of buying a new gas powered car...
Other parts might last, but if batteries are dead and cost more than resale value of car... It's not very pretty picture for long run.
Best yet. Thanks!
Whenever I hear the word carbon-credit I want to pull my hair but I don't have any on my scalp hairy chest is the only place I can pull
When speaking on revenue, he never mentioned the idea of raising taxes. He offered growing GDP or cutting Social Security (absolutely insane to even mention that)
I'm not paying more taxes. I will evade if they get to a ridiculous rate. And social security and Medicare are a ponzi scheme.
EV's destroy roadways due to their extreme weight, but they pay 0 for fuel tax which rebuilds roads, Ok...
He is kind of dodger and not a straight talker…kind of lier in absense of exact evidence
Great discussion
The world’s smallest violin plays for realtors and real estate investors. Enjoy the toilet!
They can't cut rates if inflation decreases due to the debt load and real wage growth that has fallen behind inflation 300% for over 40 years.
Our manufacturing and GDP has been declining while debt increases. This is why our debt to gdp ratio is approaching 130%. Total US debt is $200 trillion.
There is no escaping a serious economic downturn.
What about the Stock Market 🙄🤔
Electric cars will never last as long as an ice powered car.
hey, i noticed ur channel from this video and wanted to ask a question, do u have time?
Created June 1st, published on June 3rd. Why the delay?
Very interesting guest David and certainly new to me, thank you for that both of you.
Inflation will go through the roof then.
Bruh, my roof is amazing, wadda toking bout yo?
Sheren thinks this weakened economy will float until next year??......... he's dreaming
What is the metaverse green exchange?
I listened to the whole video, hoping their would be at least one little nugget of wisdom or useful information, but wow, this hack spent 44 minutes talking without saying anything worth hearing. Thankfully, this is an exceptionally rare occurrence among David's interviews, which are usually great.
The guy was blaming the banks for being over exposed to bonds at low interest rates. It was central bankers like himself that drove rates down there where they should never have gone, there was obviously going to be repercussions and he is definitely trying to avoid them. He said a 21 year old graduate would know they should have hedged; well a 5 year old could equally tell you printing money out of thin air to the tune of trillions ain't gonna end well
"Interest Rates To Get ‘Slashed’ As Real Estate Melts *HOPES* Former Bank of England Advisor" - there, fixed the title for you.
why no mention the bank of england is a private central bank
I think they will raise 1 more time..
Wrong, they will continue to raise rates. They want people to lose their homes.
July probably.
green finance as "sustainable finance." sounds like a fancy way to say communism
Fed will pivot hard
I like it hard bruh
Your right, there gonna have too just to service debt.
Luv the clicky ending ❤
Last time rates were this high was in 2007, not that long ago. This guys thinks rates are at 19% again.
It it goes to 19% then how prices will drop 60%, i think
Timing IS what’s important. So bad timing is an error.
Metaverse, green finance, sustainable finance, crypto 🚨🚨🚨🚨🚨🚨🚨
If Fed cuts rates. Inflation soars. So im not sure how thats gonna happen.
Good news: NO ONE knows. SHOCKING, I know - NO ONE can tell the future bruh. Chill out and take it easy yo. Talk to me in 2024 when markets are higher; talk to me also in 2025 when we reach new ATHs in capital markets, crypto etc....
What’s he talking about? Doesn’t the EU have energy inflation due to the war and sanctions?
Great job on the new show David , needs more violin though 😊
If we keep repeating the same narratives we will make this stuff happen. Life is magical if we can ever be STILL.
Only in America there is somethinh called "pent up cash" while the rest of the world has pent up anguish and hunger😅
Around the 4:00 mark he says IRS cuts were “political”
No dude we didn’t want 81,000 armed IRS agents. Hard pass.
Someone needs to tell this dude that plastic biodegrades in the ocean.
So governments and bureaucrats are forcing the green transition via regulation?
Inflation still very high with PCE not declining. Unemployment extremely low still. No rate cuts yet
When interest rates are lowered again, inflation will immediately rise again.
David you're working to much or your hairdresser is dead?
I prefer to have the market set the cost of a coffee mug, thank you, very much. We do not need a select group of elites applying ESG principles to prices.
iceland cancelled their national debt 2009 ?
Competition is good in banks.... However, Canada has one of the most stable banking systems in the world and the big 5 chartered banks dominate here. We have local branches in small towns. It works here.
I can get a competative mtg if needed.
Not sure why Americans are freaking out about small banks disappearing. If the big banks are charging too much, an opportunity lender will appear.
The cure for high prices ...is high prices.
Should we give ourselves more money and power?
Well, i guess if we have to.
ESG - so only businesses and individuals that function in a manner acceptable to those steering the ship, will have access to bank accounts and insurance cover etc - be a good citizen or you’re done; real nice. Canadian truckers can tell you how this works, and it ain’t pretty.
Uhhh.... not if the FED wants to cut inflation pal. Clueless.
There is no supply side inflation. Inflation is a monetary phenomenon.
great interview until he started spouting nonsense about so called green energy.....
All of this carbon bs is outlandish, it's a cesspool of more capital centralization. I come from a green energy business before it was hip and fancy ESG. This energy war against the commodities of oil and natgas is going to backfire!
Two belts on the liquidity pig. Good times this fiat system bestows.
No talk of money supply?
David what has happened to that sharp barnet that brought you to fame?
2-3 years and petrochemical based vehicles are rusting obsolete?
This guy is smoking his own product.
Be honest and people take you seriously. Not this guy. Salesman snake.
Fed will go..negative.
Real estate will crash
he lost me at the electric vehicle section. how about the cost of mining lithium and all that. No such thing as 0 risk industry. so what he is saying we the consumer have to pay for everything including some people misfortunes as long it can be tide to carbon foot print. which is basically anything. Sound like the "you will have nothing and be happy", kind of like the 18th century were only the wealthy could afford everything and the peasants just watched and wished.
All these guys talk about falling liquidity and higher interest rates hitting asset prices. Nonsense. Basically no debt ceiling means unlimited money printing = rising stocks. Nothing else makes sense.
Public or Treasury debt above $30 trillion, David?
the freaking data is rigged !!
So, we can “grow” out of our misery ?👀😃
That guy is brilliant 💪🌈😂🙃
Let’s follow your plan:
- hoard metals & old canned meat
- live afraid
- confuse tax cuts with winning
He's clearly living in a magical world of unicorns and rainbows
Interesting. When are we going to see hankie vs shiff? I think Peter can argue against bitcoin hodlers all day but knows he would get his ass handed to him by hankie so he probably won't do it😋
You're getting too close to the mic. Your audio is unbalanced. You too loud. You do not need to make out with that mic.
nice guy. very smart. too bad he's an ESG shill.
In other words...his company is a SCAM and they only tryed to use the word "METAVERSE" to pump the organization. 😅
Smart guy but he plays for the wrong team.
David, your face looks bloated, hope you are well
Thanks for your concern, Willie, I’m great!
Inflation 🚀
This interview was a waste of time with a paucity of interesting insight. Skip.
Green shill. Tell us about how much free riding and subsidies green technology get today.
#Bitcoin fixes this 😏
No. It doesn't. All it does is be bad for the environment.
@@StoicBarbarian Bruh - your farting is bad for environment, ok? Stop it
Essentially this guy is helping digitising our identities for the gov... digital Id's. yay him 🫡