Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
The key to large returns is not big moving stochastics. Controlling risk in proportion to reward is involved. Putting on the appropriate size and rotating your edge as often as necessary to accomplish your goal. It holds true for both long-term investments and day trading.
One of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.
@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
True..... I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns
It's true... It just takes a good mindset and nerves of steel. I was deeply invested in 2017/2018 in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest
@@bobbymainz1160 I see any market condition as an opportunity. So far I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Financial-Advisor "Eileen Ruth Sparks ". Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out.
@@lawerencemiller9720 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
Things aren’t looking good stock market, banking system and transportation industry , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. 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.
@@NathanCalebs My advisor is Heather Ann Christensen, 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.
@@JaykeTurner 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
Today's inflation is a result of corporate avarice, not only problems with the supply chain. We know that the money obtained by the higher prices isn't being transmitted along the supply chain since businesses are reporting record profits. More pricing result in increased revenue for businesses, which stays with them and goes into their pockets. We can rule out supply-related inflation because of this. If your stocks are extremely weak, now is an excellent opportunity to take a battered 401k and convert it to a Roth. Then, your Roth will be tax-free, and you will just have to pay taxes on the substantially reduced current values.
Precisely! The current scenario should be our primary concern; many people are making millions from the downturn in the market, but this kind of information isn't reported in the press
@@stevenbergwin5074 Well, the best professionals have access to exclusive data and information that is not made available to the general public. Knowing the tactics to employ at this time is one thing; having the knowledge necessary to put them into successful practice is quite another.
@Brett Atkinson that's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you
@Brett Atkinson 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.
As I would see it, the go to solution for climate this downturn and high expansion is momentary exchanging, rather than long haul exchanging, most people utilizing these methods are netting a lot of gains, sure the dangers are higher yet once more isn't the ongoing business sector similarly as unsafe?
For surviving the current recession and high inflation, I think short-term trading is better than long-term trading. Despite the higher risks involved, isn't the current market also risky? Most persons who employ these techniques have considerable financial success.
@benjaminsteel1366 I discovered Julie's website after carefully searching for her online and reading positive comments about her background in business. Thanks
Our time had reached its zenith, and it is now over. Everything, including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
I'm very worried about the future and where we're all heading, especially in terms of money and how to get by. I'm considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
After the pandemic, things became extremely difficult, which is precisely when I sought an Investment Advisor. I've been investing on my own under her tutelage for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
Being new to this, I've heard that the present moment is a great time to purchase. I would really like to use the money I have sitting in my bank account, though. Would you kindly tell me whom the woman is that is guiding you?
I'd learnt my own fair share of lessons before I contacted a US-based Investment Advisor by name Johanna Mussche and everything changed. Just this last quarter of the year i made $90k and counting.
Job openings doesn't mean people actually HAVE to fill those roles. Companies have job openings for years... The way this data is calculated is borderline demented.
is alarming how they talk to us, like we are still stupid stuck in the 80s, lady said low wage workers are better off with better salaries, there is an inflation lady, minimum wont cover
No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 2-3 months have been huge shopping spree for me. I've got literally like 2000$ left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?
You also have to look at the balance of your portfolio too. Not be over invested in one stock, I have made that mistake too but I fluked a good result! Never again, but I have a much bigger pot now.
@@sheliaswelttk2535 Agreed i like this mentality. You can never time the bottom but if you're getting good value, take it and in the long term you'll be rewarded :) . Personally I’m always invested because the financial-market for me seem the only way forward with my long time horizon (accrued ROI of over $200k since 2020 )but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
@@williamskohler8337 You inspire me, I've only just started over the last couple of months. I've been doing plenty of research. In fact I'm really enjoying the aspect of learning and researching. $200k is a milestone, what’s your approach?
@@gabriellewilson5625 No doubt, the stock market is definitely the most awkward teenager with the wildest mood swings! I began with a skillset by name Tracy Helene Aalvik . Her approach is transparent allowing total ownership and control over my position and fees are very reasonable in comparison with my ROI.
A recession (if at all it happens) will likely make the US economy to crash. But for stockholders, a recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time
@Brett Atkinson On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio took a big hit in April due to the crash. I quickly got in touch with a brokerage-adviser that devised a proactive strategy to protect and profit from my portfolio this red season. I’ve made over $450k since then.
@Rich Szabo Stephanie Priscilla Bonillo is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly
"We have twice the number of low paying, no insurance, part time job openings as we have workers looking for full time jobs that pay well and offer health insurance." *Fixed it for you!*
We have twice the number of low paying, no insurance, part time job openings as we have workers looking for full time jobs that pay well and offer health insurance and We have 3x the number of low paying, no insurance, full time temp job openings as we have workers looking for full time jobs that pay well and offer health insurance."
Thank you Jesus someone sees throught this Bullshi*. Also the so called "new jobs" that are up now are usually just people going back to the office they where let go from during the pandemic. So it artificially inflates the number.
Facts, that no one wants, are they good jobs is the key. I have gotten to the point where I just do what I can do, the bare minimum no more no less, and try to save money, and keep my eyes open just incase for something else. Americans have awakened and relised we are expendable and just a number and aren't worth the stress, for a job that can fire you for little or no reason, while they are racking up millions and billions. If you die tomorrow your position will be in the newspaper or online for someone else.
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@kimyoung8414 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.
Here's how much Americans have saved at every age: Source: Vanguard's "How America Saves Report 2022". According to this, the median amount that people 65 and older have saved for retirement is $87,700. Which means if they live to be 85, they will be living on $4,385. I don't know about you but I'll need more than that.
It's scary how true this message is. what steps can we take to generate more income during quantitative tightening. Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
@@liambracey6708 Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet
@@mialangley2388 I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named KATHERINE DUFFY BURKE , I've raised over $63Ok from an initially stagnant savings of $8Ok all within 16months
@@aubreymcgovern9467 Katherine covers things like investing, insurance, ensuring retirement is well funded, reviewing tax benefits and ways to have a volatility buffer for investment risk. many things like that. Just look up her full name on the internet. She’s renowned, so it shouldn't be difficult to find her official webpage.
@Collen Flarity right, most people are broke because of personal choices. I used to be broke waiting on my check, but then I realized I was traveling Way to much blowing through money, now I'm able to save a good amount and I don't make a ton of money.
They need to lay off people so unemployment rises and they can push down salaries. If the workers get too strong, that is bad for business. Of course they need to have the illusion that everything is fine, so they keep spending. That is still important!
People are getting smart and going back to the old ways. They’re learning to live with less and discovering the things that truly make a person happy in life. Those things being free.
Yes, I would truly interpret that as the prime and broad reason for The Great Participation Plummet. - either "smart", or desperate or given up hope altogether.
Yeah right. No dude, thats not whats happening. This isnt a good thing at all. The economy is crashing, people with high skills will take lower end jobs to SURVIVE
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.
It's scary how true this message is. What steps can we take to generate more income during quantitative tightening? Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
I would say that at least half of those job openings are jobs that pay minimum wage or slightly above, are part time, temporary or contract positions. I see very few jobs (even in big cities like LA and NYC) that pay $20/hour or more for a mid-level job.
@@baldeagle4710 I do not. It ran up nicely in 2020 till about spring of 2021. Still happy I sold my small amount of Bitcoin to donate to snow blizzard relief for Texans, despite disliking Texas's politics, I still feel bad when people suffer and are neglected by their senators and end up at the mercy of unregulated electric companies.
The rich keeps getting richer and the poor keeps getting poorer, please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2017 and Aug.2018, but the market is different now
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you want to take advantage of it.
. Limit your spending/cut off retail therapy 2.Put the extra cash towards investing in high yielding or steady investment. 3. Get a financial coach/mentor to guide through your investing goal. These might look simple but they require good amount of willpower, but through mentorship, I've been able to consistently grow my portfolio to $800K and I'm looking forward to retiring at 50 as well and I only wish I started up early. Goodluck
@@cylondon8374 I am being guided by “Dawn Marie Gatti” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@lathamwilfred1181 Thank you for this Pointer. It was easy to find your handler on the web, She seems very proficient and flexible. I left her a message explaining my Fin-market goals.
@@jtgd how could we not be a recession when home prices have declined already in the last 3 months deeper then in any recession 1940-2000 and it will probably decline a bit more at the very least but right now we are already in #3 spot in the last 90 years of home declines 1929 is #2 and #1 is 2008 so you tell me?
They're trying a jedi mind trick this time. They learned the hard way that the very news that we're in a recession makes it worse. They're hoping that by dragging it out and denying, the economy takes a smaller beating and they exit the recession by the time most ppl start catching on. But honestly the odds of that are not high.
This is how they do it. If they said we are in a recession, people would start acting like it, which would make things worse. By saying we aren't, lots of people continue their day to day as normal. Economists are trying to preserve confidence, and it may seem like a lie, but it's for the good of the people who rely on the economy...everyone. Behavioral economics' best practice is all it is.
Yep I remember my mom, aunt and uncle were all forced to early retirement Ameritech in 2006/2007 and next thing I know my brothers were laid off end of 2007 and that’s when the boom hit
Exactly these "experts" don't know anything you literally laid it out perfectly and your just a random person commenting they think they know what's going on but they don't
Just because there are double the job openings to job seekers, does not mean those job seekers are all getting hired or getting roles they want. It could just be a sign of a very big mismatch in skillsets, expectations and other key factors between current employers and job seekers.
Very true. Medical recruiters are the worst at this. They cold call tons of nurses and physicians telling them of all the open jobs they have. Please apply now@!! All fake. They are just data collecting tons of info about people for jobs that don't exist. They then turn around sell that info to other companies for a profit.
Bingo. When the 2007/2008 crisis hit, there were jobs out there with lots of issues. They wanted people that had high-end degrees, loads of experience, and didn't want to pay them squat. Those jobs are horrible. I'm talking wanting someone who has high-end BS/MS degree, like 5yrs experience, and pay them like $13 to $14 an hour type of crap. The work it entails mind you, it could be done by someone with a HS diploma. It disgusts me. We're going right back to the horrors of 2007/2008. The first issues happened in 2007 with rumblings, tremors, etc..., and then the mother of all bombs dropped when the crap hit the fan in 2008. People who hoped to retire were screwed, hopefuls out of HS/College/University looking for jobs were screwed, it screwed over a lot of people. What concerns me is that history repeats itself with what's happening now feeling like it'll get far, FAR worse. Some of it reminds me of the old adage you need experience to get the job, yet you need the job to get the experience. It's just a vicious cycle. When you throw a degree into the mix, you further compound the problem. To be fair, yes, you don't want your doctor having an AS from a 2yr CC. On the flipside of the coin, you don't need someone with Masters to do work that can be done by someone with an AA/AS or has a HS diploma working towards a BS.
Job openings are rising because no employee is willing to put up with the low wages. If the greedy employers don't pay a decent wage, these job openings will only increase with no one to fill them.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@@joshspring7686 I agree, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards. long stry shot, its been two years now and I’ve gained over $85ok following guidance from my investmnt adviser.
@@chrisbluebird5037 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?
@@chrisbluebird5037 I just looked up Wendy Helene Bennett online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
I think more and more people are caring less about money and more about their overall wellness and hence we might have a "financial recession" but a "personal wellbeing boom".
Our personal wellbeing is important but we must be ready to make the sacrifices of our greedy, entertainment driven lifestyle. We can only "play hard" for so long without working in our economy.
Big wage increases?! 😂 Where’s mine? I’m still living paycheck to paycheck. Something HAS to change soon, for “low wage” workers. Rent is disgustingly high. I will be homeless if my rent goes up again. The fact that I work full-time and can’t afford a tiny studio apartment is ridiculous. We’re not asking for much. We just want our wages to keep up with the rising cost of living
It's honestly ridiculous. Alot of this is happening because rich people keep buying up all the affordable homes and sitting on them or reselling them for more. They need a limit to how many houses one can own. If you have 100+ houses in the same area it is just ridiculous at that point.
Unfortunately all business profits are down as well as product and service prices can't keep up with rising costs of COGS. I agree with you. But where does that money come from?
Tech companies routinely let a certain percentage of people go. They want the highest, most dedicated performers only. So if you do an OK job, but not outstanding or not dedicated enough (work weekends, etc), you are gone eventually.
I used to work at Amazon. They aim to let go of 3% of people per year in order to get fresh, cheaper blood, and make everyone compete hard to make the cut. The people who have been there longest are most likely to be let go.
Two things. First, I think the number of available jobs is being inflated. A lot of companies continue to advertise positions that they will fill someday, but they are in no hurry to fill today. Rather they are gathering resumes, perform screening, and adding people to a list of potential hires they might make sometime in the future. Second, the number of jobs openings versus people looking is a poor metric. Someone with a graduate degree is not likely looking for a job at the supermarket.
I have a degree but got bankrupt running a salon due to covid and inflation so now I’m working 2 part time dunkin donut jobs so I can get out of bankruptcy and pay off my loans so I don’t lose the roof over my head
Venture capital, the gig economy, MLMs, etc. are all resulting in larger-than-usual numbers of workers who are "employed" but who aren't producing the goods or services demanded by the market. This wreaks havoc on the supply chain. Employment is up, but productivity is down. You can't finish a project because your parts supplier can't source material in part because everyone's too busy giving each other rides to the airport (at a net financial loss) to add value to the economy.
@@michaelw.8331 And the fact that so much of the digital economy is ad-based and therefore engagement-based, specifically designed to waste the time of millions of people (wtf am I doing posting this comment lol).
Productivity is down...sound bad but that is a GOOD THING. Because that means they gotta keep every worker at all costs, which means they gotta pay big wages.
Exactly. I have been wondering how they plan on spinning this 3rd quarter. My best guess is they will claim that this was the first quarter and we'll have to wait for the next quarter to see. If they can get to Christmas they will be able to show some holiday sales, and temporary jobs and claim everything is normal, when it's just a typical holiday bump
@@TheBlackcell10 We're already in a recession. Changing the definition doesn't change the facts. We're close to the end of the 3rd quarter so we'll see just how bad it is, or isn't.
@@kaseyc5078 Economy was headed for recession under end of Trump's term, before COVID blew up. Stimulus prolonged the pain. This is just catch up and double whammy.
I want to see the “job openings” adjusted for anything under a livable wage and reduced by “commission only” openings …. I have some doubts about the methodology of these stats
11 million unfilled jobs means 95% of them are garbage nobody wants. The remaining 5% are good jobs and they are not left empty for long. Pay a living wage and there won't be very many job vacancies.
You can come work in waste water treatment, or some other civil servant jobs that pay modestly and have benefits. But youbhave to do bust ass work and as someone in the feild of work I can tell you, most America don't have a bust ass work ethic. A la: quiet quitting.
There is a recession, no matter how they try to spin it. I work with a sourcing team for raw materials and with inflation and energy cost at all time highs, there are lots of lay offs happening. Look up manufacturering sites closing down.
Are people really completely unaware of companies posting job openings with no intention of actually filling them? Or posting a full time job but then only offering 15 hours per week when you get hired? How about technically having 25 employees but 8 of them only work periodically as needed? How about all the job openings that are only for temporary short term work, part time, as needed, or that offer only very low pay and little to no basic benefits? Are all those still considered to be “healthy job numbers”? The job numbers are full of holes and not accurate at all.
If you don't have enough workers you can either create more workers (subsidized childcare), or you can reduce the need for workers (increase productivity, self driving trucks, robots etc). Govt can do more about the first, but by putting money into R&D and higher education they can influence the latter. The neo conservative low tax, low wage model is beginning to fail as workers are forced out of work due to childcare costs, or cannot retrain due to cost, and companies have little incentive to invest as declaring a profit (vs investing in research) is cheaper due to low tax.
Me and my dad have been trying to find jobs but the company seems to ghost us saying "Oh we will call you back" weeks passed and nothing. Even when we do get the job, we don't get any paychecks. I don't know what the heck is going on but this is just becoming more complicated and frustrating.
It seems like places keep hiring signs up incase any hires quit for any reason so always want back up help just incase. so make us think they dont have enough help so can pay less to hire help and stil pay less if it that kinda job.
@@krayziejerry mike, humility is an awesome thing. During this downtime spend time in the word, focus a little bit more on reading and listening to sound doctrine. God loves you very much and this will come to pass. I lost my job December 31, 2021 and treated not having a job like I had a job - I applied via indeed, glassdoor and LinkedIn from 9 to 4 or 5 some days. I applied to maybe 200 to 400 jobs and had many offers and calls. But settled on what I thought would bring peace into my life even with less money. I pray that God grant you your desires and that by this - God has another testimony of his goodness.
Yup. My husband just lost his job without warning and right before Christmas 😞 we also have a 2 year old daughter and his job was our main source of income.
Really CNBC? You need to stop misrepresenting the facts "Walmart layoffs include more than 200 corporate workers." This is hardly representative of the economy. I thought you were better than that.
some industries are having a hiring freeze whereas other industries are having a hard time finding and filling talents. People who are well skilled especially, in software engineering, have more company & compensation options to pick and choose whereas employees in unpopular fields are still being stuck in their companies where they are not treated well in terms of compensation and career growth.
We need a system where all professions are appreciated that pay livable wage, not everyone should thrive to become a software engineer. This isn’t fair, while people breaking their backs in various fields they aren’t being treated fairly.
It’s ok my state decriminalized psychedelics. I have been using psychedelics and spending as much of my life in nature and as our ancestors did. I don’t wanna play in this dumb late stage capitalism system anymore anyway. Good luck out there folks that still wanna play the game. The 1% will never give you anything and will gate keep until they destroy the planet.
Sounds like bull to me. They're saying we have low unemployment. wondering if they're counting # of jobs/# of people without considering # of people who have 2 or 3 jobs because they can't make ends meet. Also rampant homelessness; do they even count homelessness in consideration for a recession or depression?
You barely hear that there's over a million people who aren't looking for work and are not on unemployment. Those people don't show up on any charts. Moms are staying home to homeschool their kids. Others are doing the Uber, door dash, instacart, thing instead of the 9 to 5 grind.
@@fauxque5057 I"m not on unemployment (it ran out in July), but have been actively looking for work. I'm pretty sure I no longer count on their rolls because I don't fit into one of their check boxes.
That's not how unemployment is calculated, it doesnt matter if you have 2 or 3 jobs. It's number of people filing for unemployment divided by the number of people in the workforce (which is unemployment applicants and number of people with jobs). Just a note
@@jsheav also they make unemployment really hard to apply for in a lot of states with a lot of red tape that makes people just skip out on it and cause under reporting in data
Don't forget that companies need to be hiring or looking for people otherwise they have to pay back their PPP covid loans. Here's how the scam works - a company got free money from the government by saying "golly-gee, I had to lay off workers and close my doors because of covid so give me money." The government said "sure, here's some free money but you must be willing to hire someone who wants to work." So the company has job openings which they never intend to fill, just so they don't have to pay back the loans. Search online - you'll find tons of people who applied to all of these open jobs and never got any callbacks.
Rising wages? Where? Real wages are going down massively. We can buy less and less with the money we earn. The fact that nominal wages went up, doesn't mean real wages went up (taking inflation into account). I can't believe those journalists don't know this.
You can look at the crime rate and understand we are in a recession. I understand politics wants to keep it under wraps to save the stock market from tanking but it has gotten so bad that 20 dollars an hour isn't gonna cut it anymore.
I had a job back in February that had a take home pay of $4k per month. It’s amazing how quickly that money was getting chewed up in this economy. It turns out it’s cheaper to live at home and work a job that’s half the pay
Employers are way too picky in sectors that don’t require much experience is one of the biggest issues, giving no chance for other employees they are not likely to train
I know right, I’m 20 years old. I’m looking at all the requirements in the job descriptions, I question how am I supposed to enter the job market in the field I desire? It’s craZy
I would like to see the job opening numbers for jobs that pay above $30/hr. It doesn’t matter if we have a million job openings if they only pay minimum wage which isn’t a livable wage. Perhaps there’s more job opening than there are job seekers because those jobs guarantee you poverty + giving up your life with absolutely nothing to show for it other than making the rich richer while you struggle every single day for the very basics to survive. Who the hell would sign up for that? You are literally so much better off living off the government or even unemployed and living in an RV. You get everything free and can spend your time with your family. Gee I wonder why the homeless population is so high and they’re not interested in getting “back on their feet”. Just a thought.
I feel the only vacant jobs in my area are low wage entry level jobs. I have been looking for a job for a few months and I can’t find something that beats my current pay.
Actually the data shows that among the current 11.2 million open jobs are minimum wage jobs as well as six figure salary jobs. It's a wide spectrum. You can't look just in one area. You have to look across the entire data for all of USA. Many are remote, also, and don't require you to live nearby. Regarding specifically remote work opportunities the number of available now exceeds anything ever in American history. We have never seen opportunities like this. In the past the vast majority of jobs required you to live nearby, of course.
Always weird. Hearing the news talk about wage growth, and looking at my ever stagnant pay. I've worked in 7 different fields. From cook to roofer to mech/elec technician. I've not seen it. At all. Just the rising overhead.
Even if a non dollar-denominated asset sees no real gains during inflation that's still much better than holding cash and seeing your real purchasing power undermined. In other words, sometimes you have to chose between the lesser of two evils.
One thing I always have at the back of my head is the Rockefeller's advice on how to earn during times like this; while others are panicking and selling or holding,
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
@@larrytyler823 I was investing on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfolio-advisor for guidance
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference with Sam Deymon guideline.
A similar trend has happened in Turkey almost 10 years ago. It has resulted as an surpass of qualified medical sector and healthcare staff. I mean USA is in the same trend that has happened to Turkish job market. 4 jobs that are recession proof means they are soon to be recession affected as well.
I feel that the traditional data used to define recession puts us in one. We can't keep redefining terms to soften the impact. Many who I know with boots on the ground, are already seeing a drastic reduction in sales. People are already cutting back. The jobs that will be lost first, are the higher paying mid career level jobs that hurt the most. I felt this pain in 2008 after mortgaging a home and making six figures. The employees below me stayed, and all of us mid career high paid employees were laid off and never got their jobs back and definitely not at the pay they made, now being in their 40's-50's. They got jobs again of course, but made only half of their income or had to pick up multiple jobs. This recession will/is worse with multiple wars looming and continued supply chain issues. An attack on Taiwan will further wreck the US economy from transportation to solar. That green energy deal will be compromised. Around the world, countries other than South America where I visited latt month, are being hit hard by inflation. People will be migrating there when you can live cheap and afford beautiful homes less than half the cost of US. I am a government worker and am preparing for this move after retirement.
Its really not confusing at all. The narrative suggests its confusing, but its actually quite simple. We have been in recession since July 1st and it will become more painful as inflation runs and the fed hikes rates.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than $25,000 a year
It's scary how true this message is. what steps can we take to generate more income during quantitative tightening. Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
@@liambracey6708 Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet
@@taylorcoggan2054 I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named *Katherine Duffy Burke* , I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
@@sebastianspiegler5801 Katherine covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known and has many followers. So it shouldn't be hard her
Some of these people are not telling you the whole truth. If a company pays their employees more money it means they have to raise the prices of there product or services. Which means the consumer has to pay more. People are not returning to work because the government is incentivising them to stay home and collect a check 🙄
We need a recession. We've proped the Economy with a decade of cheap debt, and inflation continues to stay. Unfortunate that the people who are going to be hurt the most are blue collared workers, and those that are impoverished.
You people always say the same thing every decade. “We need recession. We’ve propped it up with debt, and now the inflation’s too bad.” “We need recession. We’ve gotten too deep in debt, and now the inflation’s killing us.” “We need recession. There’s too much debt and now people can’t survive.” It’s been going on for decades. It’s annoying. Our debt never goes down but you’d rather croak when healthy than talk about restructuring our socioeconomic and political practices. We don’t need a recession. We need a restructuring. The only two things recessions are good for is lowering emissions, and killing people who were fine the year before. What we need is for rich people and politicians to stop having the foresight and intellect of a 6 year old with brain damage for christ sake.
@@illusion9423 2008 was a significant crash that would've became a depression had the federal bank not bail out the banks, and keep interest rates well below 2% for a decade. The one quarter when rates were increasing, and QT began, the stock market dipped hard. Then COVID happened, and rates went down to near 0 while QE began again.
I find it genuinely shocking that all of these institutions appear to be taking the current employment and economic data at face value. There's clearly a lot of odd and unprecedented stuff going on under the surface, yet big news outlets like CNBC here are uncritically reporting the official conclusions, despite the fact that they don't entirely make sense.
With inflation running at half a year high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $3million dollars profit in this current crashing market, and I need ideas on how to achieve similar profits..
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock/Crypto market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
His training program has been insightful, and I must say, I'm most honored to have been part and a full-time beneficiary of his daily signals. I have been growing monthly & have been able to increase my portfolio from 1.5BTC to more than 18 BTC with his daily signals...
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Mrs Leerah Hughs for improving my portfolio, keep up with good videos
Layoffs are already happening. Gap, Ford, Best Buy, Bed Bath & Beyond, etc... also lots of Tech companies are laying off. The news are out there but they are not talked about too much. We all know why.
Does the strong job market include all the under paid listings too? I'd love to see a graph that shows payroll spending (not including C-Suite inflated salaries, although this should be on the graph as a separate line) vs company profits. A third level showing the top 1% wealth butted up against those metrics too.
the problem is, when people get more income, they do STEWPUD. No one saves anymore. If they did there would not be record inflation. People just be DUHM.
I put a great effort investing with Mr Deymon and he turned my sad days to happy ones, Sam has been crediting me gradually and doesn't seems to stop me from smiling.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
The key to large returns is not big moving stochastics. Controlling risk in proportion to reward is involved. Putting on the appropriate size and rotating your edge as often as necessary to accomplish your goal. It holds true for both long-term investments and day trading.
One of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.
@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
True..... I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns
It's true... It just takes a good mindset and nerves of steel. I was deeply invested in 2017/2018 in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest
@@bobbymainz1160 I see any market condition as an opportunity. So far I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Financial-Advisor "Eileen Ruth Sparks ". Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out.
@@lawerencemiller9720 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
@@stephaniestella213 just look her up online to get in touch with her, her details are provided online.
Things aren’t looking good stock market, banking system and transportation industry , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. 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.
@@JaykeTurner Could you possibly recommend a trustworthy advisor you've consulted with?
@@NathanCalebs My advisor is Heather Ann Christensen, 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.
@@JaykeTurner 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
Today's inflation is a result of corporate avarice, not only problems with the supply chain. We know that the money obtained by the higher prices isn't being transmitted along the supply chain since businesses are reporting record profits. More pricing result in increased revenue for businesses, which stays with them and goes into their pockets. We can rule out supply-related inflation because of this. If your stocks are extremely weak, now is an excellent opportunity to take a battered 401k and convert it to a Roth. Then, your Roth will be tax-free, and you will just have to pay taxes on the substantially reduced current values.
Precisely! The current scenario should be our primary concern; many people are making millions from the downturn in the market, but this kind of information isn't reported in the press
@@stevenbergwin5074 Well, the best professionals have access to exclusive data and information that is not made available to the general public. Knowing the tactics to employ at this time is one thing; having the knowledge necessary to put them into successful practice is quite another.
@Brett Atkinson that's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you
@Brett Atkinson 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.
As I would see it, the go to solution for climate this downturn and high expansion is momentary exchanging, rather than long haul exchanging, most people utilizing these methods are netting a lot of gains, sure the dangers are higher yet once more isn't the ongoing business sector similarly as unsafe?
For surviving the current recession and high inflation, I think short-term trading is better than long-term trading. Despite the higher risks involved, isn't the current market also risky? Most persons who employ these techniques have considerable financial success.
@benjaminsteel1366 I discovered Julie's website after carefully searching for her online and reading positive comments about her background in business. Thanks
Our time had reached its zenith, and it is now over. Everything, including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
I'm very worried about the future and where we're all heading, especially in terms of money and how to get by. I'm considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
After the pandemic, things became extremely difficult, which is precisely when I sought an Investment Advisor. I've been investing on my own under her tutelage for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
Being new to this, I've heard that the present moment is a great time to purchase. I would really like to use the money I have sitting in my bank account, though. Would you kindly tell me whom the woman is that is guiding you?
I'd learnt my own fair share of lessons before I contacted a US-based Investment Advisor by name Johanna Mussche and everything changed. Just this last quarter of the year i made $90k and counting.
This is great thanks. Could use the suggestion a lot. Looked up Johanna Mussche, I wrote to her and explained my financial objectives.
Job openings doesn't mean people actually HAVE to fill those roles. Companies have job openings for years... The way this data is calculated is borderline demented.
They need a certain amount of openings to justify immigration
I agree with yoy
❤
@@alsaraa2724 you shut out what your afraid of
is alarming how they talk to us, like we are still stupid stuck in the 80s, lady said low wage workers are better off with better salaries, there is an inflation lady, minimum wont cover
No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 2-3 months have been huge shopping spree for me. I've got literally like 2000$ left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?
You also have to look at the balance of your portfolio too. Not be over invested in one stock, I have made that mistake too but I fluked a good result! Never again, but I have a much bigger pot now.
@@sheliaswelttk2535 Agreed i like this mentality. You can never time the bottom but if you're getting good value, take it and in the long term you'll be rewarded :) . Personally I’m always invested because the financial-market for me seem the only way forward with my long time horizon (accrued ROI of over $200k since 2020 )but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
@@williamskohler8337 You inspire me, I've only just started over the last couple of months. I've been doing plenty of research. In fact I'm really enjoying the aspect of learning and researching. $200k is a milestone, what’s your approach?
@@gabriellewilson5625 No doubt, the stock market is definitely the most awkward teenager with the wildest mood swings! I began with a skillset by name Tracy Helene Aalvik . Her approach is transparent allowing total ownership and control over my position and fees are very reasonable in comparison with my ROI.
A recession (if at all it happens) will likely make the US economy to crash. But for stockholders, a recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time
@Brett Atkinson On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio took a big hit in April due to the crash. I quickly got in touch with a brokerage-adviser that devised a proactive strategy to protect and profit from my portfolio this red season. I’ve made over $450k since then.
@Rich Szabo Stephanie Priscilla Bonillo is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly
"We have twice the number of low paying, no insurance, part time job openings as we have workers looking for full time jobs that pay well and offer health insurance."
*Fixed it for you!*
Nailed it
We have twice the number of low paying, no insurance, part time job openings as we have workers looking for full time jobs that pay well and offer health insurance and We have 3x the number of low paying, no insurance, full time temp job openings as we have workers looking for full time jobs that pay well and offer health insurance."
thank you. can you be our president
Thank you Jesus someone sees throught this Bullshi*. Also the so called "new jobs" that are up now are usually just people going back to the office they where let go from during the pandemic. So it artificially inflates the number.
Facts, that no one wants, are they good jobs is the key. I have gotten to the point where I just do what I can do, the bare minimum no more no less, and try to save money, and keep my eyes open just incase for something else. Americans have awakened and relised we are expendable and just a number and aren't worth the stress, for a job that can fire you for little or no reason, while they are racking up millions and billions. If you die tomorrow your position will be in the newspaper or online for someone else.
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@kimyoung8414 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.
@@erichkraetz2622 Omg you made 650k this year? Who is this coach that guides you?
@@alexyoung3126 Ingrid Cecilia Raad is the coach that guides, you probably might've come across her before, she's quite known in her field, search her
@@erichkraetz2622 I did check her out, I see why she's booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
Here's how much Americans have saved at every age: Source: Vanguard's "How America Saves Report 2022". According to this, the median amount that people 65 and older have saved for retirement is $87,700. Which means if they live to be 85, they will be living on $4,385. I don't know about you but I'll need more than that.
It's scary how true this message is. what steps can we take to generate more income during quantitative tightening. Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
@@liambracey6708 Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet
@@mialangley2388 I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named KATHERINE DUFFY BURKE , I've raised over $63Ok from an initially stagnant savings of $8Ok all within 16months
@@richardsoncuthel810 How can I reach out to Katherine , what are her services like do you think she can help me i have about $98k?
@@aubreymcgovern9467 Katherine covers things like investing, insurance, ensuring retirement is well funded, reviewing tax benefits and ways to have a volatility buffer for investment risk. many things like that. Just look up her full name on the internet. She’s renowned, so it shouldn't be difficult to find her official webpage.
Most people working full time these days are still broke, I can only imagine how much worse things will get when they lose their jobs as well...
Get ready for depression
How dare they don't eat cans of beans and bread everyday until retirement. They should have thought about it
@Collen Flarity right, most people are broke because of personal choices. I used to be broke waiting on my check, but then I realized I was traveling Way to much blowing through money, now I'm able to save a good amount and I don't make a ton of money.
Everyone got a different lifestyle and so if u can travel then cool but if not then find ways u can save and still be happy.
@@seanthe100 most bankruptcys are from medical debt that's not a choice for many people
Cuts, yeah cutting jobs. Not cutting CEO pay. More money would be saved by cutting executive bonuses than by firing people.
exactly and that's the game.
They need to lay off people so unemployment rises and they can push down salaries. If the workers get too strong, that is bad for business. Of course they need to have the illusion that everything is fine, so they keep spending. That is still important!
@@bullpup1337 and don’t forget stock buy backs to inflate the value of the company when they get subsidized or get govt stimulus.
@@BiggoSuave I thought buybacks are meant to increase the value of manager stock options on the back of the shareholders. But might play a role, too.
@@bullpup1337 could be too, the main point is they’ll never use it to retain employees when sh!t hits the fan.
People are getting smart and going back to the old ways. They’re learning to live with less and discovering the things that truly make a person happy in life. Those things being free.
Yes, I would truly interpret that as the prime and broad reason for
The Great Participation Plummet.
- either "smart", or desperate or given up hope altogether.
😆 ok dreamer
PEACE
PROSPERITY
LOVE ONE ANOTHER
HUMANITY UNITED
HONESTY
GOOD HEALTH
FREE THINKING
OPTIMISM
Yeah right. No dude, thats not whats happening. This isnt a good thing at all. The economy is crashing, people with high skills will take lower end jobs to SURVIVE
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.
Find a means to gain off the present market condition, we seem to be moving same direction as Venezuela and that wont be good for anybody
It's scary how true this message is. What steps can we take to generate more income during quantitative tightening? Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
The job market is the last aspect of the economy to notice a recession; these people think we are stupid.
That's because you are! society as a whole is pretty stupid
Facts
Source?
@@jtgd literally the last 5 recessions and my phd in economics
@@adrianiglesias3428 your Post Hole Digger?
I would say that at least half of those job openings are jobs that pay minimum wage or slightly above, are part time, temporary or contract positions. I see very few jobs (even in big cities like LA and NYC) that pay $20/hour or more for a mid-level job.
$20/hr is like the bare minimum too
@Robert Dixon in what way is crypto profitable? Bitcoin and dogecoin are down 80%. I feel sorry for anyone who invested in them
@@baldeagle4710 Ya isn't the crypto market like down a couple billion? Lol
Very true
@@baldeagle4710 I do not. It ran up nicely in 2020 till about spring of 2021. Still happy I sold my small amount of Bitcoin to donate to snow blizzard relief for Texans, despite disliking Texas's politics, I still feel bad when people suffer and are neglected by their senators and end up at the mercy of unregulated electric companies.
The rich keeps getting richer and the poor keeps getting poorer, please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2017 and Aug.2018, but the market is different now
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you want to take advantage of it.
. Limit your spending/cut off retail therapy
2.Put the extra cash towards investing in high yielding or steady investment.
3. Get a financial coach/mentor to guide through your investing goal. These might look simple but they require good amount of willpower, but through mentorship, I've been able to consistently grow my portfolio to $800K and I'm looking forward to retiring at 50 as well and I only wish I started up early. Goodluck
@@lathamwilfred1181 I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@@cylondon8374 I am being guided by “Dawn Marie Gatti” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@lathamwilfred1181 Thank you for this Pointer. It was easy to find your handler on the web, She seems very proficient and flexible. I left her a message explaining my Fin-market goals.
The recession denial is unreal
We’re practically already in one. The effects just aren’t as significant and sudden as we expected
@@jtgd how could we not be a recession when home prices have declined already in the last 3 months deeper then in any recession 1940-2000 and it will probably decline a bit more at the very least but right now we are already in #3 spot in the last 90 years of home declines 1929 is #2 and #1 is 2008 so you tell me?
It is a gas lighting to help Joke Biden
They're trying a jedi mind trick this time. They learned the hard way that the very news that we're in a recession makes it worse. They're hoping that by dragging it out and denying, the economy takes a smaller beating and they exit the recession by the time most ppl start catching on. But honestly the odds of that are not high.
This is how they do it. If they said we are in a recession, people would start acting like it, which would make things worse. By saying we aren't, lots of people continue their day to day as normal. Economists are trying to preserve confidence, and it may seem like a lie, but it's for the good of the people who rely on the economy...everyone. Behavioral economics' best practice is all it is.
Recession started 4 months ago. Collapse happened last 2006 and didn't admit until 2008 and didn't feel it till 2010.
Yep I remember my mom, aunt and uncle were all forced to early retirement Ameritech in 2006/2007 and next thing I know my brothers were laid off end of 2007 and that’s when the boom hit
Exactly these "experts" don't know anything you literally laid it out perfectly and your just a random person commenting they think they know what's going on but they don't
So would you say this thing won’t hit until 2 years later? That would be enough time to strap up if so.
Just because there are double the job openings to job seekers, does not mean those job seekers are all getting hired or getting roles they want. It could just be a sign of a very big mismatch in skillsets, expectations and other key factors between current employers and job seekers.
Very true. Medical recruiters are the worst at this. They cold call tons of nurses and physicians telling them of all the open jobs they have. Please apply now@!! All fake. They are just data collecting tons of info about people for jobs that don't exist. They then turn around sell that info to other companies for a profit.
Bingo. When the 2007/2008 crisis hit, there were jobs out there with lots of issues. They wanted people that had high-end degrees, loads of experience, and didn't want to pay them squat. Those jobs are horrible. I'm talking wanting someone who has high-end BS/MS degree, like 5yrs experience, and pay them like $13 to $14 an hour type of crap. The work it entails mind you, it could be done by someone with a HS diploma.
It disgusts me. We're going right back to the horrors of 2007/2008. The first issues happened in 2007 with rumblings, tremors, etc..., and then the mother of all bombs dropped when the crap hit the fan in 2008. People who hoped to retire were screwed, hopefuls out of HS/College/University looking for jobs were screwed, it screwed over a lot of people. What concerns me is that history repeats itself with what's happening now feeling like it'll get far, FAR worse.
Some of it reminds me of the old adage you need experience to get the job, yet you need the job to get the experience. It's just a vicious cycle. When you throw a degree into the mix, you further compound the problem. To be fair, yes, you don't want your doctor having an AS from a 2yr CC. On the flipside of the coin, you don't need someone with Masters to do work that can be done by someone with an AA/AS or has a HS diploma working towards a BS.
Nobody wants to work these poverty-ass jobs anymore.
I have never had this much trouble finding a job ...
@@fyodorberkovich8247 Nobody's stating what kind of jobs are available or how much they pay.
Job openings are rising because no employee is willing to put up with the low wages. If the greedy employers don't pay a decent wage, these job openings will only increase with no one to fill them.
They have plenty of immigrants if they need workers. I am sure temporary work visas will be going out soon. That’s usually what happens.
Buddy do you live in some kind of fantasy. If you don't do it, someone else will.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@@joshspring7686 I agree, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards. long stry shot, its been two years now and I’ve gained over $85ok following guidance from my investmnt adviser.
@@chrisbluebird5037 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?
@@pigsbark4173 The advisor I use is Wendy Helene Bennett, she's verifiable.
@@chrisbluebird5037 I just looked up Wendy Helene Bennett online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
I think more and more people are caring less about money and more about their overall wellness and hence we might have a "financial recession" but a "personal wellbeing boom".
😆... you are kidding right
Our personal wellbeing is important but we must be ready to make the sacrifices of our greedy, entertainment driven lifestyle. We can only "play hard" for so long without working in our economy.
@@ShanePodClips Um, it's more like play simple than play hard.
@@ThePeterDislikeShow that's exactly what I meant. So what kind of simplified activities would you do?
@@ShanePodClips moved out of the big city. I was in Wallace Idaho for some time.
Big wage increases?! 😂 Where’s mine? I’m still living paycheck to paycheck. Something HAS to change soon, for “low wage” workers. Rent is disgustingly high. I will be homeless if my rent goes up again. The fact that I work full-time and can’t afford a tiny studio apartment is ridiculous. We’re not asking for much. We just want our wages to keep up with the rising cost of living
It's honestly ridiculous. Alot of this is happening because rich people keep buying up all the affordable homes and sitting on them or reselling them for more. They need a limit to how many houses one can own. If you have 100+ houses in the same area it is just ridiculous at that point.
What sort of work do you do?
But America is the best country in the world right?
Move to a more affordable location or go learn another skill that adds more value. Everyone including you wants handouts
Unfortunately all business profits are down as well as product and service prices can't keep up with rising costs of COGS. I agree with you. But where does that money come from?
Considering my friend just got laid off from his 8 year job at microsoft 🤷♂️ yeah layoffs are coming
My bet is he wasn’t working for the Xbox Division because they still need folks
Tech companies be like that...they prefer fresh blood.
Tech companies routinely let a certain percentage of people go. They want the highest, most dedicated performers only. So if you do an OK job, but not outstanding or not dedicated enough (work weekends, etc), you are gone eventually.
Geez
I used to work at Amazon. They aim to let go of 3% of people per year in order to get fresh, cheaper blood, and make everyone compete hard to make the cut. The people who have been there longest are most likely to be let go.
Two things. First, I think the number of available jobs is being inflated. A lot of companies continue to advertise positions that they will fill someday, but they are in no hurry to fill today. Rather they are gathering resumes, perform screening, and adding people to a list of potential hires they might make sometime in the future. Second, the number of jobs openings versus people looking is a poor metric. Someone with a graduate degree is not likely looking for a job at the supermarket.
I mean, I was an engineer a year ago and now I’m a janitor, making about half what I used to
True
I have a degree but got bankrupt running a salon due to covid and inflation so now I’m working 2 part time dunkin donut jobs so I can get out of bankruptcy and pay off my loans so I don’t lose the roof over my head
@@DoveDaniels are u serious?
@@missmath7287 I wish I wasn’t serious. Just finished a 6am to 8pm at two dunkin with a 30 minutes break 💯
It's sad when you can't enjoy life because you're constantly worried about work
and healthcare insurance
Get mad, do something. They’re turning you into a slave.
Venture capital, the gig economy, MLMs, etc. are all resulting in larger-than-usual numbers of workers who are "employed" but who aren't producing the goods or services demanded by the market. This wreaks havoc on the supply chain. Employment is up, but productivity is down. You can't finish a project because your parts supplier can't source material in part because everyone's too busy giving each other rides to the airport (at a net financial loss) to add value to the economy.
This is an interesting take
Don't forget how many people went the route of creating adult content online and how it got supercharged during the pandemic.
@@michaelw.8331 And the fact that so much of the digital economy is ad-based and therefore engagement-based, specifically designed to waste the time of millions of people (wtf am I doing posting this comment lol).
Productivity is down...sound bad but that is a GOOD THING. Because that means they gotta keep every worker at all costs, which means they gotta pay big wages.
Self proclaimed "entrepreneurs"
We have already had 2 Negative Quarters in a row . And nothing has happened this quarter to signal that the economy will improve .
Exactly. I have been wondering how they plan on spinning this 3rd quarter. My best guess is they will claim that this was the first quarter and we'll have to wait for the next quarter to see. If they can get to Christmas they will be able to show some holiday sales, and temporary jobs and claim everything is normal, when it's just a typical holiday bump
It's not looking good, I'm hoping it will pick up in the next few years but it might be bad for a good while
@@fauxque5057 Why are you so hungry for a recession? If you think things are bad, don’t need the government to tell you
@@TheBlackcell10 We're already in a recession. Changing the definition doesn't change the facts. We're close to the end of the 3rd quarter so we'll see just how bad it is, or isn't.
whats the point of people having jobs if they don't make enough to keep up with inflation?
Remember back when economy was booming under Trump?
@@kaseyc5078 yeah that man had a lot of great things but I honestly couldn't deal with the feeling of having a nuclear any day he didn't like a tweet
@@kaseyc5078 that never happened so no I can’t recall
@@kaseyc5078 Economy was headed for recession under end of Trump's term, before COVID blew up. Stimulus prolonged the pain. This is just catch up and double whammy.
@@kaseyc5078 No. But it was Trump’s presidency which permitted going to 0% interest rates and huge money printing, which got us in this mess.
Most big corporations are heartless and usually does massive layoffs during the holiday season.
During holidays? I would think it’d be after the holidays because it’s always the busiest
There's no reason for them to layoff. The economy is doing better then ever.
Employees are also heartless 🤣
@Disgruntled what?
No it's not
I want to see the “job openings” adjusted for anything under a livable wage and reduced by “commission only” openings …. I have some doubts about the methodology of these stats
Someone should have a filtered list to adjust for these key terms!
11 million unfilled jobs means 95% of them are garbage nobody wants. The remaining 5% are good jobs and they are not left empty for long.
Pay a living wage and there won't be very many job vacancies.
100% agree. The economy is a lot less "confusing" when you factor out the supposed hot labor market.
Lets not forget about the scam jobs that are just stealing applicants data. Many are even asking for SSNs and stealing identities.
You can come work in waste water treatment, or some other civil servant jobs that pay modestly and have benefits. But youbhave to do bust ass work and as someone in the feild of work I can tell you, most America don't have a bust ass work ethic. A la: quiet quitting.
Half of the video: "We don't have a recession."
Title: "Will this recession...?"
There is a recession, no matter how they try to spin it. I work with a sourcing team for raw materials and with inflation and energy cost at all time highs, there are lots of lay offs happening. Look up manufacturering sites closing down.
PEACE
PROSPERITY
LOVE ONE ANOTHER
HUMANITY UNITED
HONESTY
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FREE THINKING
OPTIMISM
What kind of job opening??? Low wage jobs.
I quit my job in 2021 and this job is currently much better. Always pursue better until you're the unemployed statistic.
How many of those job openings pay a liveable wage?
I can account for 1.
None....all minimum wagie mart style jobs which do not support rent, let alone anything else
1 out of 100
%6
Stop wasting your money on useless stuff
Are people really completely unaware of companies posting job openings with no intention of actually filling them?
Or posting a full time job but then only offering 15 hours per week when you get hired?
How about technically having 25 employees but 8 of them only work periodically as needed?
How about all the job openings that are only for temporary short term work, part time, as needed, or that offer only very low pay and little to no basic benefits? Are all those still considered to be “healthy job numbers”?
The job numbers are full of holes and not accurate at all.
If you don't have enough workers you can either create more workers (subsidized childcare), or you can reduce the need for workers (increase productivity, self driving trucks, robots etc).
Govt can do more about the first, but by putting money into R&D and higher education they can influence the latter.
The neo conservative low tax, low wage model is beginning to fail as workers are forced out of work due to childcare costs, or cannot retrain due to cost, and companies have little incentive to invest as declaring a profit (vs investing in research) is cheaper due to low tax.
Me and my dad have been trying to find jobs but the company seems to ghost us saying "Oh we will call you back" weeks passed and nothing. Even when we do get the job, we don't get any paychecks. I don't know what the heck is going on but this is just becoming more complicated and frustrating.
But hiring signs are everywhere
what kind of company did you guys work for amd where are you guys located?
Exactly! I've been looking for a job but I never get a call back. No one is talking about that.
It seems like places keep hiring signs up incase any hires quit for any reason so always want back up help just incase. so make us think they dont have enough help so can pay less to hire help and stil pay less if it that kinda job.
I'm interested in the jobs you and your father get that don't give you a paycheck.
So it's not true that I am paying 40% more for gas until the government says so!!!
As an economist, i hate when other economist put too much emphasis on jobs and not enough on other factors of the economy
@Jro some of us working in finance/econ , some have degrees in either and work elsewhere some are both…
@Jro does working at the SEC and Fannie Mae along with 5+ years count? Lmao
@Jro lmao at this gatekeeping
@Jro dang you sound mad. Don’t need to gate keep so hard here…
@Jro you joined 4 days ago, you're a bot doing damage control. This gonna hit the fan, we ain't stupid
Source- I'm better at everything than you
My wife's company just laid off 40+ people so yeah I think more are coming.
I lost my job, and my brother's company closed down, 200+ people company went outta business due to freight shortage.
Pray for you and your family Adam, God will see your home through this. May better blessings come to you and yours.
@@chrispowell4251 I could use some prayers as well, unemployed still.
@@krayziejerry mike, humility is an awesome thing. During this downtime spend time in the word, focus a little bit more on reading and listening to sound doctrine. God loves you very much and this will come to pass. I lost my job December 31, 2021 and treated not having a job like I had a job - I applied via indeed, glassdoor and LinkedIn from 9 to 4 or 5 some days. I applied to maybe 200 to 400 jobs and had many offers and calls. But settled on what I thought would bring peace into my life even with less money. I pray that God grant you your desires and that by this - God has another testimony of his goodness.
Yup. My husband just lost his job without warning and right before Christmas 😞 we also have a 2 year old daughter and his job was our main source of income.
Really CNBC? You need to stop misrepresenting the facts "Walmart layoffs include more than 200 corporate workers." This is hardly representative of the economy. I thought you were better than that.
some industries are having a hiring freeze whereas other industries are having a hard time finding and filling talents. People who are well skilled especially, in software engineering, have more company & compensation options to pick and choose whereas employees in unpopular fields are still being stuck in their companies where they are not treated well in terms of compensation and career growth.
I can phantom how many software engineers we need, I feel half of my friend group is somewhat programming at their job lol
SW is 'tech' = 'Cost Center' .=. Pink Slip first.
- Algorithm that.
software "engineers" aren't even real engineers
We need a system where all professions are appreciated that pay livable wage, not everyone should thrive to become a software engineer. This isn’t fair, while people breaking their backs in various fields they aren’t being treated fairly.
It’s all low paying job no one wants
No. There are high paying jobs available that next to no one is qualified for. The job requirements in these ads are ridiculous and unrealistic.
The job market is a lagging indicator. A crash is coming.
This is a depression. The oligarchs don't care about you or me. But keep voting Democrat and Republican like they're at all different!
No party preference is the way to go nowadays, both parties have positive and negative aspects about them.
@@cameronb3834 Facts
It’s ok my state decriminalized psychedelics. I have been using psychedelics and spending as much of my life in nature and as our ancestors did. I don’t wanna play in this dumb late stage capitalism system anymore anyway. Good luck out there folks that still wanna play the game. The 1% will never give you anything and will gate keep until they destroy the planet.
Yes it's coming.
Sounds like bull to me. They're saying we have low unemployment. wondering if they're counting # of jobs/# of people without considering # of people who have 2 or 3 jobs because they can't make ends meet. Also rampant homelessness; do they even count homelessness in consideration for a recession or depression?
You barely hear that there's over a million people who aren't looking for work and are not on unemployment. Those people don't show up on any charts. Moms are staying home to homeschool their kids. Others are doing the Uber, door dash, instacart, thing instead of the 9 to 5 grind.
@@fauxque5057 I"m not on unemployment (it ran out in July), but have been actively looking for work. I'm pretty sure I no longer count on their rolls because I don't fit into one of their check boxes.
That's not how unemployment is calculated, it doesnt matter if you have 2 or 3 jobs. It's number of people filing for unemployment divided by the number of people in the workforce (which is unemployment applicants and number of people with jobs). Just a note
@@jsheav also they make unemployment really hard to apply for in a lot of states with a lot of red tape that makes people just skip out on it and cause under reporting in data
Companies leave job openings out there for yearssss just to look at peoples resumes. The data does not correlate
Don't forget that companies need to be hiring or looking for people otherwise they have to pay back their PPP covid loans. Here's how the scam works - a company got free money from the government by saying "golly-gee, I had to lay off workers and close my doors because of covid so give me money." The government said "sure, here's some free money but you must be willing to hire someone who wants to work." So the company has job openings which they never intend to fill, just so they don't have to pay back the loans.
Search online - you'll find tons of people who applied to all of these open jobs and never got any callbacks.
Rising wages? Where? Real wages are going down massively. We can buy less and less with the money we earn.
The fact that nominal wages went up, doesn't mean real wages went up (taking inflation into account). I can't believe those journalists don't know this.
Just say that we are in a recession. This is just ridiculous...
I’ve been searching and going to job interviews- still nothing. No good result 🤦♀️
you'll make it rosie.
@Rose Petals what kind of job have you been applying to?
It's over.
Already laid off last week along with 1/3 of the company.
There's a massive freight shortage this year. Lots of warehouses and companies going out of business. Hang in there.
If you’re working 40 hours a week and still have to resort to credit cards to help pay your bills, you should be mad. You are a slave.
American dream:
Yep - people either need to move/adjust lifestyle or invest in themselves and learn a new skill
True
You can look at the crime rate and understand we are in a recession. I understand politics wants to keep it under wraps to save the stock market from tanking but it has gotten so bad that 20 dollars an hour isn't gonna cut it anymore.
20/hr is nothing nowadays.
@@eligreg99 amen to that. You need at least 30 an hour. And that's still cutting it in certain states.
@@swinvesting6071 Exactly 30/hr is literally the new 20/hr. It’s really depressing. I wish we could at least go back to early 2000s prices
I had a job back in February that had a take home pay of $4k per month. It’s amazing how quickly that money was getting chewed up in this economy. It turns out it’s cheaper to live at home and work a job that’s half the pay
@@justinokraski3796 its sad how government is trying to ignore this issue!!! I make 32 bucks an hours and its nothing theses days!!!
Employers are way too picky in sectors that don’t require much experience is one of the biggest issues, giving no chance for other employees they are not likely to train
I know right, I’m 20 years old. I’m looking at all the requirements in the job descriptions, I question how am I supposed to enter the job market in the field I desire? It’s craZy
Facts
When an engineer is struggling to pay rent and gas. You know we are in recession
Working full time and overtime cannot afford to pay rent in the city in New York City. I don't understand what means we are not in an resección
Was the engineer struggling before 2020? If yes, maybe it's something else.
I would like to see the job opening numbers for jobs that pay above $30/hr. It doesn’t matter if we have a million job openings if they only pay minimum wage which isn’t a livable wage.
Perhaps there’s more job opening than there are job seekers because those jobs guarantee you poverty + giving up your life with absolutely nothing to show for it other than making the rich richer while you struggle every single day for the very basics to survive. Who the hell would sign up for that? You are literally so much better off living off the government or even unemployed and living in an RV. You get everything free and can spend your time with your family. Gee I wonder why the homeless population is so high and they’re not interested in getting “back on their feet”.
Just a thought.
Yes, according to my analysis, the unemployment rate will rise and yes, we are currently in a recession.
We're already seeing a massive layoff here at Google. My team of 200 just got told we need to find a new job.
Don’t companies have hiring freezes around this time of the year every year?!?
Yep, preparing budgets for the following year.
I feel the only vacant jobs in my area are low wage entry level jobs. I have been looking for a job for a few months and I can’t find something that beats my current pay.
Actually the data shows that among the current 11.2 million open jobs are minimum wage jobs as well as six figure salary jobs. It's a wide spectrum. You can't look just in one area. You have to look across the entire data for all of USA. Many are remote, also, and don't require you to live nearby.
Regarding specifically remote work opportunities the number of available now exceeds anything ever in American history. We have never seen opportunities like this. In the past the vast majority of jobs required you to live nearby, of course.
Always weird. Hearing the news talk about wage growth, and looking at my ever stagnant pay. I've worked in 7 different fields. From cook to roofer to mech/elec technician. I've not seen it. At all. Just the rising overhead.
Wage raises are not keeping up with inflation.
People hold 2-3 jobs just to get by. Most jobs are lower paying; under $30/HR
I do construction and I'm getting less and less work every month, less and less houses being bult/sold not as bad as 2008 yet.
It's alot worst than 2008. There's a freight shortage and going to continue for who knows how long.
I live in Missouri and i also do construction and yes there is way less homes built now cause of high interest rate!!! Going to hit hard 😬
I'm planning to graduate college in December. I hope the job market is ok when I graduate.
Even if a non dollar-denominated asset sees no real gains during inflation that's still much better than holding cash and seeing your real purchasing power undermined. In other words, sometimes you have to chose between the lesser of two evils.
Yes Strickland. I would rather lose 3% on a stock due to inflation than lose 10% on cash due to the same inflation.
One thing I always have at the back of my head is the Rockefeller's advice on how to earn during times like this; while others are panicking and selling or holding,
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
@@larrytyler823 I was investing on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfolio-advisor for guidance
It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference with Sam Deymon guideline.
If a republican is president we are in a recession, Democrat, we need more data.
This is a result of a republican president. One normally see the result of a presidency after the president is out of office
R for recession, D for data.
Dems just change the definitions to fit the agenda
A similar trend has happened in Turkey almost 10 years ago. It has resulted as an surpass of qualified medical sector and healthcare staff. I mean USA is in the same trend that has happened to Turkish job market. 4 jobs that are recession proof means they are soon to be recession affected as well.
A recession is two consecutive quarters negative growth. What are they talking about!? :))
It's called propaganda Dorin.
Wow. Can't call call it a recession.
I feel that the traditional data used to define recession puts us in one. We can't keep redefining terms to soften the impact. Many who I know with boots on the ground, are already seeing a drastic reduction in sales. People are already cutting back.
The jobs that will be lost first, are the higher paying mid career level jobs that hurt the most. I felt this pain in 2008 after mortgaging a home and making six figures. The employees below me stayed, and all of us mid career high paid employees were laid off and never got their jobs back and definitely not at the pay they made, now being in their 40's-50's. They got jobs again of course, but made only half of their income or had to pick up multiple jobs.
This recession will/is worse with multiple wars looming and continued supply chain issues. An attack on Taiwan will further wreck the US economy from transportation to solar. That green energy deal will be compromised.
Around the world, countries other than South America where I visited latt month, are being hit hard by inflation. People will be migrating there when you can live cheap and afford beautiful homes less than half the cost of US. I am a government worker and am preparing for this move after retirement.
Its really not confusing at all. The narrative suggests its confusing, but its actually quite simple. We have been in recession since July 1st and it will become more painful as inflation runs and the fed hikes rates.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than $25,000 a year
It's scary how true this message is. what steps can we take to generate more income during quantitative tightening. Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
@@liambracey6708 Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet
@@taylorcoggan2054 I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named *Katherine Duffy Burke* , I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
@@aubreymcgovern9467 How can I count with Katherine, what are her services like, do you think she can help me, I have £58,000 ?
@@sebastianspiegler5801 Katherine covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known and has many followers. So it shouldn't be hard her
Some of these people are not telling you the whole truth. If a company pays their employees more money it means they have to raise the prices of there product or services. Which means the consumer has to pay more. People are not returning to work because the government is incentivising them to stay home and collect a check 🙄
We need a recession. We've proped the Economy with a decade of cheap debt, and inflation continues to stay. Unfortunate that the people who are going to be hurt the most are blue collared workers, and those that are impoverished.
This could be a white collar recession coming.
You people always say the same thing every decade. “We need recession. We’ve propped it up with debt, and now the inflation’s too bad.” “We need recession. We’ve gotten too deep in debt, and now the inflation’s killing us.” “We need recession. There’s too much debt and now people can’t survive.”
It’s been going on for decades. It’s annoying. Our debt never goes down but you’d rather croak when healthy than talk about restructuring our socioeconomic and political practices.
We don’t need a recession. We need a restructuring. The only two things recessions are good for is lowering emissions, and killing people who were fine the year before. What we need is for rich people and politicians to stop having the foresight and intellect of a 6 year old with brain damage for christ sake.
A decade? USA hasn't had a proper crash in a century
@@illusion9423 2008 was a significant crash that would've became a depression had the federal bank not bail out the banks, and keep interest rates well below 2% for a decade. The one quarter when rates were increasing, and QT began, the stock market dipped hard. Then COVID happened, and rates went down to near 0 while QE began again.
Best comment I've seen. Healthy Economic needs ups and downs for correction regularly. 👍🏼
I still have a job, but I don't buy anything except food.
I think this recession will be worse than 2008.
I remember economists told us not to worry when we put the economy on hold for a year because of the flu. The narrative continues to change.
This is some five star gaslighting about the definition of recession
Why can't we just be honest and admit we're in a recession? Enough already 🙄
Because elections
I find it genuinely shocking that all of these institutions appear to be taking the current employment and economic data at face value. There's clearly a lot of odd and unprecedented stuff going on under the surface, yet big news outlets like CNBC here are uncritically reporting the official conclusions, despite the fact that they don't entirely make sense.
With inflation running at half a year high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $3million dollars profit in this current crashing market, and I need ideas on how to achieve similar profits..
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How can they have massive layoffs when companies are saying they don't have enough employees to work now? You can't have it both ways.
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Layoffs are already happening. Gap, Ford, Best Buy, Bed Bath & Beyond, etc... also lots of Tech companies are laying off. The news are out there but they are not talked about too much. We all know why.
Does the strong job market include all the under paid listings too? I'd love to see a graph that shows payroll spending (not including C-Suite inflated salaries, although this should be on the graph as a separate line) vs company profits. A third level showing the top 1% wealth butted up against those metrics too.
Not one word about how much the open jobs are paying and if it’s enough to live on. Not one.
The bottle line is that job market is changing. There are more low pay jobs than high pay jobs available.
the problem is, when people get more income, they do STEWPUD. No one saves anymore. If they did there would not be record inflation. People just be DUHM.
Well i just got a new job i hope i dont get layoff in December 😢
Be as valuable as you can be
If I hear a company now hiring inside a store or see signs.
That either means they treat workers badly or pay crap. Automatic redflags.
We ARE in a recession and the pain is still to come.
Not according to Brandon
Goldman Sachs just started layoffs.
These job numbers are not going to age well.
@cisty brown almost of people died from covid.
@cisty brown rip
They won't, there's plenty of illegal immigrants
@3:40 “you have restaurants and airlines starved for talents”
What kind of talent are they looking for at $10-$15/hr. Lol.
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