Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Aaron Klaus financial wisdom.
Joseph, good point on inflation. Regardless how the gov't defines it (rate of change), to most normal people it's perceived as price levels. When people say inflation is killing them, usually it means the surge in prices hurts regardless of when it happened, even if most of that surge occured back in 2021-2022. Most people's paychecks and wages/salaries just haven't gone up as much as inflation of the past few years so of course it's a big stressor, even today. That doesn't even get to the part where inflation is under reported by the gov't, things like changes to formulas, etc.
The inflation ordinary people are feeling is for essential items like higher premiums for auto insurance(up 26% from the previous year), homeowners insurance - up 23% from 2023 affecting homeowners, as well as renters and medical insurance. This is on top of high food prices, and higher gas prices.
1:38 I don’t know which household they surveyed but it is quite obvious to me and many in my circle of influence that our households are not okay. I’d love to see where this data is coming from. 2:49 40% higher? Housing costs being 40% higher than just a few years ago is a major indicator that we’re not okay!
Bottom line inflation is kicking everyone's ass and with the 4th Industrial Revolution/Onshoring Inflation will only increase. Debt, Commodity super cycle will also push inflation higher.
Yeeah - Yuhknow ... I don't think that is the bottom line. Not even close actually ... because ..., "inflation is kicking everyone's ass" ... Is Not an accurate statement. You should take that FullovShitCrap to Blockworks Macro. Those guyz are all-over-it ... 👍
I feel like crypto is heading for a big crunch. As you said, interest is plummeting, yet it's going up because speculators are trading the ETFs. Market speculators are not HODLers. At the first sign of trouble they will dump the ETFs or go short.
Joseph, I think you would attract a lot of viewers if you provided a weekly update/forecast of market liquidity. It seems to me that you are better positioned than almost anyone to track this important driver of asset values.
Households say rising cost of living is their number one pain point. Joseph says they're just buying more than they need and that's why they can't save. Shame on dumb households being so irresponsible. They need to just stick to essentials. Those have only gone up 40% while incomes have gone up 20%. Then they'll be fine.
Joseph. I get confused and perhaps you can teach me the bottom line. Our stock markets keep going north and that tells me people feel well off and confident in the economy. This reflects not only the indices but also 401k and IRAs. My confusion is how can the fed effectively fight inflation when these markets continue up? Complicating this observation is the government getting crypto friendly. That includes the Trump efforts now accepting crypto contributions.
If countries do not fight inflation but fight recession instead, will those countries help the middle class families in their financial situations? By stopping their financial crisis?
cheap energy lets rates stay 5+ while economy grows above trend. relative cost of energy to other nations; also explains why sanctioning Russia is not as effective as expected.
4:41 Largest emergency expense individuals could handle right now using only savings. less than $100 is 18%. but $2,000 or more is 48 %. I think there is a mistake there
I had an old Bitcoin wallet that I hadn't used for several years, when I checked it a couple months ago someone had transferred 10 Bitcoin to it. I have no idea where it came from or what it's for, seems like someone must have transferred it to my address by mistake.
Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Aaron Klaus financial wisdom.
@AaronKlaus
AaronKlaus
The internet is filled with so many useful information about Aaron Klaus crypto….
he appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.
Aaron Klaus is outstanding. The knowledge you will gain is for a life time.
The moment Joseph says, "Hello my friends" and smiles - I know I am in good company :-)
Still here, still absorbing. Thank you so much
Thanks Joseph - best time value of 20 minutes every week.
Another wonderful episode! Fantastic comments on r*
And I really love the minimalist approach & background. Thank you for all your hard work Joseph!
Thanks, Joseph. Appreciate the explanation on R*. Have a good weekend.
Thank you, Joseph 🎉🎉
Joseph, good point on inflation. Regardless how the gov't defines it (rate of change), to most normal people it's perceived as price levels. When people say inflation is killing them, usually it means the surge in prices hurts regardless of when it happened, even if most of that surge occured back in 2021-2022. Most people's paychecks and wages/salaries just haven't gone up as much as inflation of the past few years so of course it's a big stressor, even today. That doesn't even get to the part where inflation is under reported by the gov't, things like changes to formulas, etc.
The inflation ordinary people are feeling is for essential items like higher premiums for auto insurance(up 26% from the previous year), homeowners insurance - up 23% from 2023 affecting homeowners, as well as renters and medical insurance. This is on top of high food prices, and higher gas prices.
Hello Joseph, have a good weekend. Thank you.
The video background and the dress shirt makes me feel like im getting briefed in the matrix.... And i love it.
Thank you Joseph.
1:38 I don’t know which household they surveyed but it is quite obvious to me and many in my circle of influence that our households are not okay. I’d love to see where this data is coming from. 2:49 40% higher? Housing costs being 40% higher than just a few years ago is a major indicator that we’re not okay!
Hello to you, sir.
Bottom line inflation is kicking everyone's ass and with the 4th Industrial Revolution/Onshoring Inflation will only increase. Debt, Commodity super cycle will also push inflation higher.
Yeeah - Yuhknow ... I don't think that is the bottom line. Not even close actually ... because ..., "inflation is kicking everyone's ass" ... Is Not an accurate statement. You should take that FullovShitCrap to Blockworks Macro. Those guyz are all-over-it ... 👍
It will depend of consumption. Boomers and 50-64 are consuming tourism and young people age
Thanks buddy! Always a pleasure!
thank you good Sir!
Good job .
Nice graph !
The price indices in the last 3 plus years have underestimated price inflation to an unprecedented extent. This has distorted economic data.
I feel like crypto is heading for a big crunch. As you said, interest is plummeting, yet it's going up because speculators are trading the ETFs. Market speculators are not HODLers. At the first sign of trouble they will dump the ETFs or go short.
Great Videos, tnx!
Joseph, I think you would attract a lot of viewers if you provided a weekly update/forecast of market liquidity. It seems to me that you are better positioned than almost anyone to track this important driver of asset values.
Why go to college when you can get free educational content like Markets Weekly.
Households say rising cost of living is their number one pain point. Joseph says they're just buying more than they need and that's why they can't save. Shame on dumb households being so irresponsible. They need to just stick to essentials. Those have only gone up 40% while incomes have gone up 20%. Then they'll be fine.
It’s called the CTFC :)
Thank you
Always a good time when you and Zuber get together.
Thanks JW, see you next week
I wonder if the crypto survey was only from US households. Thanks again Joseph for another recap!
Yes only US households
Joseph. I get confused and perhaps you can teach me the bottom line. Our stock markets keep going north and that tells me people feel well off and confident in the economy. This reflects not only the indices but also 401k and IRAs. My confusion is how can the fed effectively fight inflation when these markets continue up? Complicating this observation is the government getting crypto friendly. That includes the Trump efforts now accepting crypto contributions.
Fed focuses more kn high mortgage rates and credit card rates slowing down the economy. They don't place a lot of weight on high stock prices
Grandmaster Joseph The Great!
Excellent! Thank you!
If countries do not fight inflation but fight recession instead, will those countries help the middle class families in their financial situations? By stopping their financial crisis?
amazing video
Looks like TIPS started in 2004. Why not 1978? Just asking. Great channel...
I don't know. Treasury periodically offers new products based on their needs and market demand. I guess that's when it occurred to everyone.
5 percent is not restrictive because inflation is much higher than CPI in reality
cheap energy lets rates stay 5+ while economy grows above trend. relative cost of energy to other nations; also explains why sanctioning Russia is not as effective as expected.
4:41 Largest emergency expense individuals could handle right now using only savings. less than $100 is 18%. but $2,000 or more is 48 %. I think there is a mistake there
Bitcoin idiocy is astonishing.
?
Wait till btc reaches 150k then u will see who is the idiot
I had an old Bitcoin wallet that I hadn't used for several years, when I checked it a couple months ago someone had transferred 10 Bitcoin to it. I have no idea where it came from or what it's for, seems like someone must have transferred it to my address by mistake.
Free your mind
@@buffet619 why do you relate what he said to price? So typical for crypto fans to only care for number go up
thanks
BTC
Thank you Joseph
Thank you
Thank you Joseph.