Clarkonomics: Clark's Perspective on the US Economy

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This is an election year, and we don’t do politics here. But we’re hearing all sorts of perspectives from across the political spectrum about whether Americans are doing better or worse than they were years ago. Clark cuts through the clutter to get at what’s really going on in a segment called Clarkonomics.
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Опубликовано:

11 сен 2024

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Комментарии : 93

@jaywatson9476 Месяц назад

Brother Clark you are on point... I was born in severe poverty and agree with you 100 %. I discovered that the key to financial success is education, sacrifice and migration 😉. Joined the Army at the age of eighteen, stay in for 20 years, obtained a bachelor's degree and choose not to return to my impoverished place of birth. I've done well enough financially up to a point that I now consider inflation to be a good thing 😊. Especially when it comes to my investments 😊. I'm loving life right about now 😊.

@Joce123 Месяц назад

You do not add relevant information... You just sound like you're bragging and not helping solve the problem that people are suffering from.. I'd be far more impressed if you came up with solutions for young people who are trying their best instead of gloating about the advantage of inflation in your portfolio.

@jaywatson9476 Месяц назад

@@Joce123 🤣😂🤣😂🤣😂🤣😂🤣

@WISHBONEL7 Месяц назад

Where does *ALMIGHTY GOD* Seriously factor into your life's equation ?.

@wurmhat1501 Месяц назад

The purchasing power of the dollar has been cut back drastically. People are making more money than ever and are broker than ever.

@TulsaDude Месяц назад

Clark, you hit the nail on the head. One thing about our society is many people think issues are BLACK AND WHITE, ONE OR THE OTHER, A OR B, but in reality there are multiple truths to most complex issues. I see myself saying "both things are true" a lot more these days because people are so hyper focused on their situation, they are not understanding anyone else's perspective.

@jamescalifornia2964 Месяц назад

Clark - _" The voice of reason "_ 😚👌

@profsteve7653 Месяц назад

if people focused more on their own personal development (career building,money management,developing skills) rather than blaming others they would discover success awaits. It's a long hard road that requires a lot of sacrifice and determination to get to the final outcome of prosperity.

@jeffsilverberg5848 Месяц назад

Computer Scientists have changed everything high technology has forever changed everything

@robertmason7013 Месяц назад

Let's stop cutting taxes on the rich and give the money to the middle class.

@johnb1567 Месяц назад

Agree.... the trickle down crap is getting old.

@kellyharbour7140 Месяц назад

Give? You mean “redistribute”? Is that Socialism? And why not “give” it to the 30% who are struggling?

@johnb1567 Месяц назад

@@kellyharbour7140 , I think you are getting a bit hung up on the phrasing. "Giving" is what has been happening to rich folks under trickle down. I do not hear anyone calling that socialism.

@brockjennings Месяц назад

Some people believe the sunrise and sunset is politically motivated

@georgebarthelmes58 Месяц назад

The biggest driver of inflation has been government spending not COVID.

@jdm1039 Месяц назад

Inflation is and was a global issue following covid. It was not just an issue in the US. The US economy is doing great but everything Clark said about income gaps / the middle class are true.

@texascheri8445 Месяц назад

@@jdm1039if the economy is so great please explain all the business closures. It’s being propped up.

@jdm1039 Месяц назад

@@texascheri8445There were business and factory closures when Trump was president.

@jdm1039 Месяц назад

@@texascheri8445And how is the economy being "propped up"?

@texascheri8445 Месяц назад

@@jdm1039 not that I saw and definitely not to the extreme we have now. Red Lobsters, Carinos,Cracker Barrel, Applebees , Boston Market, Denny’s, TGI Fridays, Crumbl cookies, (and many more) Nordstrom’s, Neiman Marcus, Starbucks and multiple car dealerships in several of the towns around here have closed as well as numerous Mom and Pops that we have seen around here. Food costs are too high and labor too high causes prices that the majority of Americans cannot afford to pay(which also adds to exorbitant theft -employee and external). Property taxes sky rocketed as well as insurance and fees. As a retired entrepreneur of over 40 years I can honestly say I wouldn’t open a business in these times because I lived through years of struggles with small businesses in difficult years.

@Dave-zl2ky Месяц назад

Great analysis. Thank you.

@toddbishop8643 Месяц назад

What do you consider wealthy, for a household?

@kozicki4 Месяц назад

What are we considering wealthy? That's the determining factor

@justinmoore8103 Месяц назад

So all of our government efforts, spending, debt, etc... to raise the poor up do NOT really work? Say it isn't so...

@jgcigar Месяц назад

Interesting discussion! Thank you

@gregstrobel3068 Месяц назад

So you are saying 20% upper class, 50% middle class,30% lower class. That sounds like the classic BELL curve. What would you suggest as the ideal distribution? The thresholds might change but you will always have the same 3 levels of classes. IMHO the critical question is “how bad is the quality of life” for the lower class? Would you rather be low class in USA or low class in a 3rd world country?

@JxBx80 Месяц назад

Yeah it’s all a matter of perspective. It just depends on where and when you’re comparing our/your current conditions. Most of the frustration is that we’ve lost 30% of our purchasing power from 5 years ago. That’s a big difference. But, to your point, we are still living really good. Many could say that is a “cope” because, in our culture, we always strive to improve and the last 5 years has been a major setback.

@johnmourer5747 Месяц назад

I would rather have the buying power. That the American middle class had 55 years ago.

@MorpheusMind Месяц назад

Clark, what is your definition of wealth? A custody household has a different definition

@BP-ry6mw Месяц назад

What is considered wealthy in the US?

@TulsaDude Месяц назад

Not living paycheck to paycheck. Not using debt to pay basic bills? That's what I would say

@jaxjaxvang4910 Месяц назад

Thanks so much for a valuable video 🙏💞

@fredrmitchell Месяц назад

If a presidential candidate gave this honest presentation, they would be elected

@M167A1 Месяц назад

I doubt it very much

@run2fire Месяц назад

No they wouldn’t . 1992 Presidential candidate Ross Perot warned us about the US national debt, NAFTA , big government and how it would be the downfall of the USA unless we started to do something about it then. He only got 19% of the popular vote. Bill Clinton won. Nobody wants to face the truth and deal with it.

@TulsaDude Месяц назад

They wouldn't because people are too emotional about themselves. They don't care how someone else feels unless it's roughly the same as them. People vote with emotion

@davidfolts5893 Месяц назад

Being asked to speak at the Bogleheads Annual Conference suggests high money awareness and the desire to help others.

@myvenusheeler Месяц назад

lol. More like being wealthy. Most of those people live in a bubble.

@billl1127 Месяц назад

@@myvenusheeler Not true. Just because someone spends their life living below their means. Saving and investing the difference and accumulating some "wealth" does not mean they live in a bubble. They live sensibly with an eye on the future.

@myvenusheeler Месяц назад

@@billl1127 lol. Even members on that site often accuse their fellow members of living in a bubble. I have been reading that site for years and frankly I can clearly see that.

@myvenusheeler Месяц назад

@@billl1127 Guy, I have been reading that site for nearly 10 years and many times their own members accuse them of living in a bubble. So, it's not just me.

@kevinmoore9524 Месяц назад

This is helpful.

@MorpheusMind Месяц назад

What do you think about all the candidates now talking about Bitcoin?😮

@LarkOfTheWoods Месяц назад

It is not good to see candidates eyeing the Kool-Aid!

@dreamergirl6017 Месяц назад

What is considered middle class now?

@monikaw1369 Месяц назад

Are there more wealthy because they are able to put money into 401ks and brokerage accounts?

@nas6315 Месяц назад

We’re becoming a service economy. Not sustainable. Production economies fare better. Like the US to be.

@AlexA-ko8lu Месяц назад

800,000 new manufacturing jobs were created in the last 3 years. The CHIPS act and infrastructure bill are poised to increase that even further.

@monikaw1369 Месяц назад

@@AlexA-ko8lu when is that going to start. Buttigieg received $8 billion dollars and set up 8 charging stations. I watched an interview with him about a month and a half ago.

@johnb1567 Месяц назад

@@AlexA-ko8lu , True... Im glad atleast you are paying attention unlike most of the people commenting on here.

@Aviation_16 Месяц назад

The problem today is recent inflation has far outpaced wage growth in most industries-especially for those that aren’t in the top 20% of income brackets.

@TulsaDude Месяц назад

That's true. But also, people don't scale back their life (in other words balance their budget). They keep on living the same way no matter what prices are, until reserves are depleted or they're using debt to get by. That's a major issue too

@daviddesmond2143 Месяц назад

Clark, you should consider buying a much better microphone. The one you are using sounds terrible to me and I have lots of experience with mics. Like your show.

@JxBx80 Месяц назад

Was there any truth to the report that there has been a ~25% increase in car repossessions from 2023-2024? From 2020-2024 a ~15% increase?

@AlexA-ko8lu Месяц назад

One thing is for sure, we don't need another tax cut for the rich. We need to help the 30% move out of poverty.

@stnln2180 Месяц назад

It is impossible without equal access to education. School Choice is the must to help poor.

@monikaw1369 Месяц назад

@@stnln2180 they have education! A mindset change is needed. I taught in a poor area and the kids and parent’s culture needs to change. Many welfare recipients. It is hard to change it when they are making it and don’t understand what else is out there.

@kozicki4 Месяц назад

Define rich

@AlexA-ko8lu Месяц назад

@kozicki4 I define it as the top 1%, but you can use Clark's definition if you like.

@AlexA-ko8lu Месяц назад

@stnln2180 as long as you don't mean school vouchers, which have been disastrous counterproductive when implemented.

@christinaharrison5823 Месяц назад

Love your show and info you share. God bless you and your family and Miranda and her family. I am a fan from upper East Tennessee.

@rickharmon6601 Месяц назад

What are the numbers?? How much wealth has moved? It doesn't seem to be that bad if the amount of poor is the same and more people are wealthy. How much money has left the middle class that is the number that matters. Is Middle Class America worse off or are they the same.?

@mitchell866 Месяц назад

Solution please.

@user-ld1dy3yc8j 4 дня назад

Your agenda is You! 😂

@novice024 Месяц назад

I agree with your analysis, but would like more evidence, and some possible solutions. What is considered middle class, and poor? What can poor people do to improve their situation?

@billl1127 Месяц назад

I agree. Middle America lost its industrial base to globalization. It has left a huge segment of the population with no reasonable employment options. Hence, the huge increase in crime and drugs and homelessness.

@paulsitton9671 Месяц назад

You’re wearing two watches?

@paulbunch5657 26 дней назад

AM + PM

@colemant6845 Месяц назад

Great overview of the the economy... I respect your perception of the US Economy... Except in ONE PRIMARY AREA. Clark believes investing in Gold/Silver makes sense for a % of your portfolio... BUT states only in a Gold/Silver ETF like GLD or SLV. These are Pure Derivatives (not holding real Physical Gold/Silver... just Paper derivatives) The USD devaluation and Debt situation makes these Derivatives a Risky and Dangerous devaluation. Why would you not talk about this and not promote owning the Physical Metal and not only the Bank Manipulated Paper held in the ETF's?. Maybe this is a "Clark Stinks" topic? Luv Ya Man...

@elitepctech Месяц назад

Restore the Eisenhower level tax rates on the rich and implement universal healthcare and free college for STEM majors for all, just like Europe does. Also implement UBI, so ppl can advance their education without wonderimg how they are going to feed themselves.

@db2631 Месяц назад

No thanks! I don't want my tax dollars so a bunch of entitled kids go to be indoctrinated and get some BS degree. The government has never managed anything well. Why would i want them to be in charge of more?

@kozicki4 Месяц назад

This isn't Europe. We don't need higher taxes fool. That just goes directly to government waste. And by the way... nothing is "free". It's paid by US, THE TAXPAYERS. Do you REALLY TRUST THE GOVERNMENT TO BEST MANAGE YOUR MONEY FOR YOU??

@TheRalf9999 Месяц назад

Less government please….😊

@mathgasm8484 Месяц назад

maybe have an October revolution to make everyone equal comradE?

@elitepctech Месяц назад

@@mathgasm8484 - No. I have no problem with business or making money. However, business should not be allowed to have political power nor should they be able to shaft the worker. The best way to ensure that is the same method as was done in the 50s. To make the rich pay their fair share back to the society that benefited them so much. In 1950, the C-Suite made about 10x that of the average worker. That was fair. Today, those same C-Suite ppl make 400x of the average worker. That is an abomination. Furthermore, something must be done to create a safety net to help those left behind become productive members of society.