David Rosenberg - How To Prepare For Economic Collapse - Jimmy Connor
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- Опубликовано: 27 сен 2024
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Thanks for joining us today! David paints a very negative picture of both the U.S. and Canada. Do you agree?
No worries! If you're the US Government, you simply change the definition of the various economic indicators. _Problem solved!!_
I agree 100%
Joe has a backup plan, we all should enjoy the time we have left.... THREADS
@@ChiIeboy It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel! (so true)
@@billcarney829 It's Jimmy Connor, thanks for joining us today Bill and for the comment! Be sure to Subscribe to our channel!
I love Mr Rosenberg. I will be 74 in July. I have listened to many economic experts and he is among the most trusted and brilliant. Thank you so much for the wonderful interview !!!
It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content!
Really? What has he said that you found insightful? From what I have seen David says the same things everytime the only thing is he might change the narrative with cherry picked data. The economy sucks, buy bonds, DDD (debt, demographics, deficits) will destroy us, stocks are overvalued, a recession is imminent. Stock market at all time highs, unemployment near/at all time lows, bonds crushed, immigration at highest rates, etc etc. When has he ever been correct?
In heaven there is not economy get ready you qualified anyday
@@ChrisVanSlykeCVS When has it ever changed? 🤣😂😉🙂
My opinion is that the problem is the corruption in the government, in all levels, you name it. The bad thing is we try to look the opposite side , and Ignore the real problem
Only sensible person here.
It's Jimmy Connor, thanks for joining us today Jaime and for the comment! Be sure to Subscribe to our channel!
You think government corruption is a new problem?
Who own the Fed?
(it has nothing to do with Gov’t)
IMO
@@snowyowl6892 the Fed isn't independent from the Gov't...the Jamie Dimon's, the Larry Fink's, those who are in Lockheed Martin, Raytheon, Boeing Navistar, Honeywell, Northrop Grumman and every single politician ..they control it all.. It's one big group and the people continue to get it wrong.. always looking for a wild conspiracy theory.
The US is the World Order and has been since the 1945 ally Bretton Woods agreement. The Gov't has confiscated gold from the people back with Roosevelt, forcing payroll taxes, telling us to invest in their bonds ..it's all been planned by Gov't to control the sheep
This guest is brilliant and clear speaking.
It's Jimmy Connor, thanks for the comment Richard and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
David Rosenberg's REALISTIC insights are always most interesting.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Affordable Care Act (ACA) became law 14 yrs ago. Can you think of anything about healthcare in the US that has become more “affordable”?
The ridiculous “Inflation Reductionn Act” is not going to reduce inflation either. It’s window dressing for gullible voters.
This is must watch for all Canadians. No one realizes how weak our economy is and have been for many years. Trudeau and that other guy a joke.
It's Jimmy Connor, thanks for joining us today Patrick and for the comment!
Other guy being PP? They are all the Uniparty.
A bad joke.
globalizing the currency has consequences
Canada was showing the signs 20 years ago... That's why I packed my business and left....Ppl were saying I went crazy....Today they ask me how did I know it?
David nailed it when he said the US economy is a 'mirage'
It's Jimmy Connor, thanks for joining us today and for the comment!
❤
Unemployment numbers only included those actively looking for jobs. If they arent, which a lot stopped, they arent counted.
An economy that produces less and consumes more, save less and spends more and taxes less but outspends…it’s more than a mirage it’s a phony economy
Another great vid! I Appreciate the fantastic content you put out! Keep it up 🤙❤️💃🏽😎
We (USSA) is not entering recession with high employment.
USSA is entering Depression with VERY HIGH real UNEMPLOYMENT.
We have no growth other then gov spending and gov ‘job’ ‘growth’
It’s not a mirage, it’s a deliberate malicious illusion 😮
Planned collapse by our fascist leaders
Yes, it’s a deliberate malicious deception.
There were no mistakes. Just a plan .
Q
I agree
So if you KNOW their plan
Make YOUR OWN PLAN to strategize and PROSPER.
God speed!
Q❤
Nobody believes it anyway..I was always saying that the USA was sold in 1913...and wealth grab never stopped...today there is nothing left to steal...so the "big business" will left USA to die...
@@hrhtreeoflife4815 Amen!
The fiat dollar is the new wooden nickel from the company store. The PEOPLE have become slaves to the system like working in coal mines. Keep the PEOPLE in debt and they can never get free from the system. Why sell your commodities from Goldistan for wooden nickels?
100%
Human behavior never changes, most people are in denial but number don't lie
It's Jimmy Connor, thanks for the comment Franklin and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Numbers are manipulated though, so check your sources.
Please… the issue is ALWAYS a SPIRITUAL PROBLEM! Get it?!
Thank you, David, for sharing your detective-style economic analysis, and lucid communication skills.
It's Jimmy Connor, thanks for the positive comment Julio! Don't forget to Subscribe to our channel and thanks for your support!
The U.S. savings rate is low - mainly because of private healthcare costs… insurance costs are outrageous 😮
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. It's the same in Canada. Insurance on everything is stratospheric.
Insurance costs are crazy in Australia as well . For our home $1000 four years ago and now 7k +.
Mr. Rosenberg is correct. The stock market is a short term casino like reaction it does not reflect the health of the economy
It's Jimmy Connor, thanks for your comment! The stock market, cryptos, sports betting all the same thing.
Perhaps more pertinent is that a huge proportion of the investors are outside of North America, and a huge proportion of the companies are global concerns with non-North American supply chains and workers.
Why can't people see what's happening? When I was younger I knew nothing about "markets," about how things are valuable then tarnish over time, or over down cycles. We are fed daily readings of the stock market, but they don't really tell us much about where we are heading . . . until its too late.
25 trillion economy and 34 trillion in debt. So economy is really -10 trillion in the hole.
👍🏼😉🎯
Minus out the government spending this economy is in a downturn.
It's Jimmy Connor, thanks for joining us today Michael and for the comment!
No one ever does this...ppl are exceptionally dumbed down.
Yes, I believe that's what the interview subject in the video said. Several times.
@eyesuckle lol i just watched the first few minutes. So that's good
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Yes, they're "human beings & not machines" except given the fact they don't live in our real world economy & fail to understand the average household. Inflation was never transitory, the average person knew that inflation was knocking at the door!
Wow. I stumbled across this and Mr R. is absolutely right about the US.
U.S. economy has been a mirage since 9/11, and maybe going back as far
to when Nixon took us off the gold Standard. I graduated HS 50 years ago
this week. The 1970's were rough, the 80's thru mid 90's were a great ride. Since 1998
things have been bumpy for main street. The govt has messed with the way we figure the
economic #'s to the point they are meaningless.
2000
Nixon allowed the dollar to float.
1929 to 1933 was transitioning off the gold standard.
It’s good to hear the truth
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Talking about stimulus checks. The us government gave me $1400 ok. Next year my tax return was double and i paid back the stimulus check with the interest 😂Its all lies and financial manipulation.
Correct
He's telling the truth, it needs said
Respectfully, Mr. Rosenberg, when did you last visit a local Supermarket and do the family food purchases ?
Rosenberg has the amazing ability to be correct about certain things and completely clueless on others. I attribute that to basic misunderstanding of inflation in the financial world, and the widely held belief that it is a sign of "an overheating economy".
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
You will own nothing, and struggle for food, water, and shelter. Most have no idea what is coming and even more are not prepared!!
As someone who is invested in the markets, I agree with you. I see policies that facilitate asset price inflation and transfer of wealth from the many to the few.
That's why I invest in the market - you have to have the kind of assets the rich have if you want your kids to ha e a fighting chance. That means a portfolio that includes stock and real estate as well as tax deferred and tax exemlt accounts. I sacrifice now so my decendants won't be wage slaves if they exercise just a little bit of prudence.
@@gobot4455 the markets are trash and will be much worse soon.. your $$$ will be worthless to everyone else.
@@WFPBFORLIFE that's great. In the meantime though, I won't struggle. Hope your comment made you feel marginally better.
@@gobot4455 no your moma was great though
@@WFPBFORLIFE i assume you don't know yours. How's it feel to be dropped off at the firestation?
So…. How do we prepare?
Great to see this being done 'in person'! 👍
It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content! Would you like to see more in person content?
Many thanks to @DavidRosenberg for his excellent and sane analysis of what is happening in the US and Canadian economies. I was very surprised to know that the population growth in Canada is 0% (zero) without immigration, and if there was no immigration, the Canadian economy would keep contract at around 2% per annum! And, he makes such an astute observation that immigrants require a roof over their head the moment they land, whereas a baby born in Canada, organic growth, would require a diaper and pacifier but not condo, house or apartment. And, by the time they are 18 and move out of their parent's house, the natural death rate would take care of his housing need because someone will have either moved to a smaller / assisted living space or moved on from Earth. It would not create the housing shortage we have which is driving the prices to such highs and affordability going out of the window. Wonderful discussion. I hope @DavidRosenberg is brought in every 6 months, if not quarterly to give us the lowdown on the US and Canadian economies, and a sane look at the World rather than all the economic propaganda we see in American and Canadian MSM. Thanks!
furthermore, those illegal invaders aren't working so the government is spending on them, till at least the election
i used to work with David. Love him, great guest.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I will get David back soon!
Great interview Jimmy, I love to hear from David on his text about the economy. One thing I will disagree with David is that taxes are inflation. When hospitalization, medication and schools, etc have to spend more money on supplies, labor, etc. they come back to you with higher taxes “ because” of inflation. As a matter of fact, government of any size is inflationary that is why our forefathers envisioned a very small and efficient government. They envisioned a government to stay out of our lives and our pocketbook as much as possible.
It's Jimmy Connor, thanks for joining us today and for the comment! Great point!
Property taxes are used to keep counties functioning. Not inflation? OK, call it lack of efficiency.
Counties are price gouging. I fought my property taxes for 6 months and won.
@@anniealexander9616 good for you Annie, even local governments are monopolies, but at least they can be controlled by local citizens voicing their opposition to overtaxation.
Love Rosey. Listen to this man, he speaks truth.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! We will get him back soon!
Good conversation. Thanks for sharing!
It's Jimmy Connor, thanks for joining us today and for the comments in the chat!
It is sad to note US economy is in decline and keep printing money is never a wised move; high productivity and multi trading are.
But d trade war benefits nobody except hurting all.
High military spendings and wars benefit only those involved in weapons manufactures but it’s not a wide spectrum activity and seriously hurting fragile financial resources.
It's Jimmy Connor, thanks for the comment Richard and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
Thanks for the interview james
David is a wealth of knowledge
It's Jimmy Connor, thanks for joining us today and for the comment! Appreciate the support!
Thank you gentlemen. Very informative. God bless.
It's Jimmy Connor, thanks for joining us today Lawrence and for the positive comment!
"Things are not always what they seem on the surface." That statement sums it all up, I fear what comes next for alot of folks
In 1983 my home purchase was low but the interest was high at 14%!
That's probably better than what's going on today. These home prices are silly. I can't believe folks are paying it!
Great, great interview! Really enjoyed what he said about changes in consumer behavior. Never heard of 'plating' but I think I will have to start doing that with my wife.
It's Jimmy Connor, thanks for joining us today Frank and for the comment!
My wife hasn't allowed me to "plate" her for years. More's the pity. Yes, outstanding interview.
@@AudioPhile-i1b If your wife is gaining weight, you have my sympathy. If she's losing weight, well, then I kind of see her point.
3% Unemployment to 4.2% in 18 months is a 40% increase in Unemployment !
Boom!
Weak productivity in Canadians' populations, ending of the 50-years PetroDollar Agreement on June 9 2024 between Saudi Arabia and the US, stagflation future, and low birth rates ..... these are not surprisingly reality checks, they were in the making for decades...
It's Jimmy Connor, thanks for joining us today and for the comment! Yes it don't happen over night but the question what are we going to do about it? I don't think anyone wants to implement an austerity program to fix it. That would be political suicide.
I've been doing my best to repopulate the planet, but I've just seemed to have hit a dry spell!
Excellent information from Mr Rosenberg...every time he utters the word ''Canada'' it could be replaced by ''Australia'' and would remain just as accurate. We are in the same leaky boat, just trying to remain afloat.
It's Jimmy Connor, thanks for the comment Chris and for taking the time to view our content. Are things that bad in Australia? Don't for get to Subscribe to our channel and thanks for the support!
This gentleman was spot on!
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
I'm seeing deflation at the grocery store and online shopping. I got boneless chicken breast for $2.98 a pound. I got a huge tub of mixed green for 1.99. I got Italian bread for 40 cents and 69 cents for sliced. I got a rotisserie chicken for $3 and canola oil for $2.50. I've pretty much stopped dining out. Im making meal at home for about $1 per meal.
I stay near home. I shop local. I spend very little on gas. I'm using the ceiling fan instead of AC.
My friends who can't pay their taxes, credit cards, child support, or mortgage are taking vacations and going over an hours away to drink with buddies. Feels like 2006.
It's Jimmy Connor, thanks for joining us today Annie and for the comment! Those prices seem cheap. Where do you shop?
@@BloorStreetCapital Ingles and Walmart.
@@anniealexander9616 wow we shop at Walmart and Costco but I dont see those prices.
@@BloorStreetCapital Check for discount shelves and reduced price stickers.
I ve seen the opposite: $9.99 for a watermelon, 8.99 for a case of water, 9.99 for a 12pk of cokes(12 oz. cans) and 4.99 a lb for boneless chicken breast , 4 pcs of corn at 5.99, romaine lettuceat 3.49, this is at Alberstons/ Safeway.
We have to stay with high interest rates. Inflation is the only way to eventually work out if this. Most people don’t realize this.
It's Jimmy Connor, thanks for the comment! I think you are right!
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
This man is 100% correct, and you will see it in October after the BRICS summit.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Always enjoy speaking with David!
Excellent and informative interview!
It's Jimmy Connor, thanks for joining us today Pauline and for the positive comment! Be sure to Subscribe to our channel!
I was confused until at the end he said he was bullish on commodities. Commodity equities is where the biggest gains will be in the next couple of years imo
Great interview, and Mr. Connor did a good job of just listening, and not interupting.
Fantastic interview. Thank you.
It's Jimmy Connor, thanks for the positive comment! Don't forget to Subscribe to our channel and thanks for your support!
Finally a refreshing truth the stock market is no indicator of the economy
The U.S. economy grew at a surprisingly robust 2.8% annualized rate in the second quarter, capping two years of solid expansion, despite some signs of softening.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I wonder if the economy is heating up again.
Deflation is always right around the corner with this guy.
Good analysis but disagree with the conclusion to go long on long term bonds. That's because the US economy is breaking before China and other developing markets. Alternate monetary systems have sprung up and the world no longer fully depends on the USD
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
So I track returns for my retirement account. It has done fantastic this year. Current pacing is for an exceptional year.
So maybe the overall economy is anemic but the S&P 500 is doing quite well. I wonder of this is because the emphasis here has been to benefit the investor class here to facilitate the transfer of wealth?
Thanks for a reasoned explanation of today’s economy.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
this man is spot on i started sharing food too lol
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
US in trouble? Maybe. But with swell robotics everywhere, Ai jobloss is the only thing I worry about anymore. Anyone else feel the same? Should we cease Ai?
It's Jimmy Connor, thanks for the comment Bob and for taking the time to view our content. I think AI is one massive fad and when it pops look out!
Colossus The Forbin Project (1970) has been removed from all streaming services. This is an ominous sign of an Ai narrative being eliminated. Look into it.
Colossus The Forbin Project (1970) has been removed from all streaming services. This is an ominous sign of an Ai narrative being eliminated. Look into it.
Can the US afford to lower rates, which will drive down new bond yields? Don’t they need to attract new buyers to finance the growing debt needs?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. They must get IR down. The US cant afford to pay 4-5% interest on $35 trillion in debt.
Wonderful show. Great guest Rosenberg
David is one of the smartest people in the financial industry.
It's Jimmy Connor, thanks for the comment Arnold! I always enjoy speaking with David.
Stagflation, slow growth, extremely high inflation. If they lower get ready for super high prices in food, and other necessities. A guy like him doesnt care about inflation, he wants lower rates because he'll just get richer, owning assets that do well with inflation. Meanwhile the middle class will just become poorer as the Government goes into even more debt, and the debases the currency.
It's Jimmy Connor, thanks for joining us today and for the comment!
That's rather cynical. I doubt that Rosenberg needs more wealth. However, there are plenty of new retail traders who want lower interest rates. They have not been burned yet.
If Canada ever wants a stronger economy in the long run rates need to go up.We are in for a decade of pain.
I completely agree. These billionaries do not care. It’s only about themselves. That’s how they have gotten all that they have by controlling, hypnotizing, exploiting, abusing, lying, deceiving the masses. The illusion continues. He knows exactly why and what is happening with the us and canada’s economies and what the end goal is. I am incredibly weary of his advice at the end or the so called advice given by the wealthy cabal “elite”(nothing elite about them). Sometimes, I think, doing the opposite of what they say and do might serve us better. Realize they want the old world order to die, and so with everything they do with the economies is to facilitate the emergence of their dystopian, totalitarian new world order.
Wow this Man is incredible 😮❤
The USA has been in a recession we’re heading into a depression.
More Americans have lost jobs since 2008
As of today the USD is no longer backed by Saudi oil. So, the dollar is and will crash.
The stock market is artificially elevated it’s essentially smoke and mirrors.
God help us all.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support! (I hope you are wrong about the depression)
He mentioned all the revisions which is significant
Economies are normalising after the stimmie surge/massive deficit spending and this feels like the start of recession. But it's just normal, and Fed funds rate around 4 or 5% is also historically normal, low rates after 2008 were a deviation. The problem is politics this year and that is when we can see a real recession. Politics could very likely be so disruptive that bonds weaken due causing tighter bank lending and higher rates.
I feel inflation is the cause of all increases like property tax,insurance and houseing unlike how he thinks it does not affect these.Interest should be increasing for a stronger long term economy.Lowering rates is just delaying the pain.
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
Rosenberg is in my opinion also wrong about interest rates not affecting sticky inflation they do in fluence sticky inflation things like insurance payments on the housing or cars but in a more subtle and slower acting way. When high interest rates cause a surge of unemployment and people buying cheaper cars and less new cars because they can't afford their credit card bills or their credit card interest payments are eating up all their budget the price of cars new cars and old cars eventually goes down. The same applies to housing and the price of new houses. People do Buy less insurance when times are tough. I know some middle income people who have stopped paying for insurance on their house even though their house is their largest asset they're just willing to take the risk and they don't have a choice. As far as cars and car insurance is concerned a lot of people are choosing to go with higher deductibles and less overall coverage. This causes competition among insurance companies and causes them eventually to lower rates. So it's not that high interest rates don't affect sticky prices it's just that it takes a little bit longer.
40:05 you talk about AFFORDABILITY of housing. You talked about the three factors, home price, income, interest rates. ... Maybe it's about the size of the home, the needs of families. ... Maybe our expectations have exceeded our budgets. Maybe "our reach has exceeded our grasp."
I don't know about CANADA, but in the UNITED STATES, where everything is bigger, I see very few 3/1 homes on a quarter acre being built. ... EVERYTHING SEEMS TO BE FOUR BEDROOM, THREE BATHS.. It's like the idea of PLATING that you mentioned earlier in restaurants. Maybe we need to PLATE our homes in such a way that we deal with a three bedroom one bath home for a wife and two kids.
Maybe a three-bedroom two-bath duplex townhome is sufficient for a family of 4. Maybe we need to go back to levittown, Long island. Three bedroom, one bath, fenced yard, throw in a mutt instead of a $2,000 goldendoodle. ... Maybe we need sound money.
Wondering if the USA will be impacted by the ending of the 50-years PetroDollar Agreement expired June 9 2024 when Saudi Arabia decided not to renew? The 50-years mighty powerful USD currency on global citizens is gradually losing its status as the King of Reserve Currency ?
We should have a law to regulate the economic information and numbers to be manipulated by constant revising, employment calculations, and inflation numbers. How do they come up with the three percent unemployment number by ignoring those who have given up looking for jobs because they can't find one?
1ST.CLASS PUBLIC EDUCATOR
It's Jimmy Connor, thanks for the comment George and for taking the time to view our content!
Im glad the demand for oil is low. I don't think anyone can with stand oil costing $100 barrel...
This conversation has nailed literally everything I've been reading. I am in cash, and wondering when to get back in as I see S&P 500 still rising. This makes me a bit more comforatable that I might be making the right decision, while seeing a loss in short term gains.
How does a 4.5 interest rate yields 20 to 30 percent in a year. He is right I do not understand bond yields.?
It's Jimmy Connor, thanks for joining us today and for the comment! That makes 2 of us!
If the government has to hyperinflate to pay back bond holders, what exactly does one gain from holding bonds?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. This is a great question and I will make sure to ask David during our next chat.
How is the stripper index going
lol my bet down
It's Jimmy Connor, thanks for joining us today and for the comments in the chat!
The CHIPS act is necessary for national security long term. Unless you want to rely on globalized supply chains fully, I’m not sure what the issue is with it. It’s better to start construction now than later. The deficit spend is minor compared to the leverage China has if they could disrupt all semiconductor imports into the US.
It's Jimmy Connor, thanks for the comment Chris and for taking the time to view our content! Yes, it is imperative that Canada and The US start to onshore ASAP.
Great observations!
It's Jimmy Connor, thanks for joining us today and for the comment!
Tell us again, what will stop the FED from printing their way out of deflation?
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. Don't for get to Subscribe to our channel and thanks for the support!
You also have to wonder if he is just talking his book make sure you protect yourself cover all the bases but use your own judgement
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
I agree with David on almost everything, except his assertion that high government debt is deflationary. Theoretically, sure, but in practise, the interest payments wont crowd out other spending, they will just continue deficit spending more and more. And if the bond market chucks a fit? The fed will just buy more and more of its debt. And repeat. I cant see a scenario where it doesnt go down this route.
It's Jimmy Connor, thanks for the comment Michael and for taking the time to view our content!
Interesting interview, David breaks it down with great understanding and analysis. Thank you sir.
It's Jimmy Connor, thanks for the comment Mark and for taking the time to view our content! Don't forget to Subscribe and thanks for your support!
Still Talking about those tiny $1,500 fiscal stimulus checks from 2021 as if they are a factor of economic growth Wtf? People will say anything to sound knowledgeable.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content. That might have been mentioned once or twice but so was the Inflation Reduction Act and the CHIPS Act.
1987 investors thought it was all over.
2001 ditto
2007 ditto
2011 ditto.
Look at the Indexes
If you sold out and did not get back in at the right time you lost.
If you held the right stock sectors you won big.
It's Jimmy Connor, thanks for the comment Charles and for taking the time to view our content. Don't forget to Subscribe to our channel and thanks for the support!
20 to 30% with bonds? I've made 125% in 4 years with silver IN MY HANDS WITH ZERO THIRD PARTY RISK.
It's Jimmy Connor, thanks for joining us today and for the comment! Nice work! What silver names?
Good analysis...but his penchant for bonds now surprises me....because I see the US bond market going through a structural change what with unlimited supply and de=dollarization...
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Inflation is coming down?
I want what he's smokin'
It's Jimmy Connor, thanks for joining us today and for the comment! Be sure to Subscribe to our channel!
The rate of price increases is coming down tho. That's not to be confused with prices are decreasing, they are just increasing at a slower rate. Wages are still largely lagging way behind the price increases of recent years so any price increase at all is painful.
Reduce Gov't 50 %.
Where The INCOMPETANCE Started.
Ignore interest rates and look at money supply. That will determine price movements. Depending of course on growth rates that absorb increased demand due to money growth. True, interest rates determined by central banks tend to change to the opposite direction than money supply but this is not always the case. (Especially in times of strong inflation or deflation it is real interest rates that matter for this inverse relation to hold).
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I recently had a chat with Steve Henke and he says the same thing about MS but the Fed never looks at it.
He puts in in plane and simple common sense terms, but he leaves out the effect of world de-dollarization will have on Inflation. It will be massive.
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Who is building all these extravagant homes and buying up all the more affordable homes? This is crazy!
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1 percent nominal
Add in 3 percent inflation and you are negative growth
It's Jimmy Connor, thanks for joining us today and for the comment! Yeh between taxes and inflation it's impossible; to get ahead.
Just what I was looking for. Adjusted for inflation or nominal.
People are substituting away from insurance and education. Instead of getting large liability insurance and low deductibles collision coverage, it can be reduced. Also, some kids are starting stay away from college.
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10% for the big guy
Thanks!
It's Jimmy Connor, thanks for the SuperChat Leonard and for taking the time to view our content!
Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?
It's Jimmy Connor, thanks for joining us today Jay and for the comment! It's tough being a forecaster.
thanks Jimmy. enjoyed seeing you in the semi finals at the U.S. Open in 1991, I was there!!!
@@jaykraft9523 Love it! 😁😁😁😁
Market manipulation does wonders for the stock market - it will continue until it doesn't.
so does unprecedented fiscal stimulus. that was the part Rosenberg never appreciated
Oil prices have been kept low largely due to Biden’s purchasing and reserve strategies over the past 3 years. He has actually done a brilliant job of loading up reserves when prices are low and selling reserves when the price is high. He’s removed OPEC’s leverage on oil pricing recently.
It's Jimmy Connor, thanks for the comment! Yes Biden has done a good job of keeping oil prices low. He is doing backdoor deals with the devil so they can flood the market with oil
Lets Go Brandon !!
Thank you for an insightful interview. 🙏🏼
It's Jimmy Connor, thanks for the comment Grace and for taking the time to view our content!