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Economy In Peril? Why Unemployment Is Soaring; Fed To Cause More Damage | Jim Bianco 

David Lin
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11 сен 2024

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Комментарии : 629   
@TheDavidLinReport
@TheDavidLinReport Месяц назад
The latest unemployment rate rose to 4.3%. Will it climb even higher? You’re being watched RIGHT NOW and the only way to stop it is by using a VPN. Avoid hacks and protect your privacy before it’s too late! NordVPN offers 65% Off on a 2-year plan +4 extra months! Try it for 30 days or GET YOUR CASH BACK! nordvpn.com/davidlin FOLLOW JIM BIANCO: Bianco Research: www.biancoresearch.com/visitor-home/ X (@biancoresearch): x.com/biancoresearch
@issenvan1050
@issenvan1050 Месяц назад
What happened to Jim’s no landing? A very bright(!) thinker! Steve Hanke is correct again!
@catliath5384
@catliath5384 Месяц назад
Boy, clueless Jim… I always respected his work, they really are living in another world to us little people…
@catliath5384
@catliath5384 Месяц назад
And almost every comment in this section is on the same page…
@texdevildog9174
@texdevildog9174 Месяц назад
Jim claims unemployment is 4.1% at 4:25, this video already has old news in it.
@nicweethee
@nicweethee Месяц назад
Yea I think it will
@BridgetMiller-
@BridgetMiller- Месяц назад
Fed drops rates, we will see a massive depression. Inflation will skyrocket. Lets hope for a good news , how can one diversify $80k portfolio in this current state of the market
@berniceburgos-
@berniceburgos- Месяц назад
The Fed is already lowering the rates by buying all the debt in the market. so i suggest you get a financial expert for your portfolio in this state of time , for a successful trading .
@Miakate-f3l
@Miakate-f3l Месяц назад
Agreed, I’ve been investing in the market for 11 years now, last 4 years with the help of a fiduciary advisor apparently due to the covid-19 pandemic crash. Throughout these years of guidance, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1m ROI as of today.
@Jasonshelton-
@Jasonshelton- Месяц назад
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help
@Miakate-f3l
@Miakate-f3l Месяц назад
Jessica Lee Horst is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
@Sofiapaate
@Sofiapaate Месяц назад
I just looked up your coach and she seems very rich. Need to change the trajectory of my finances, will definitely work with her
@Peterl4290
@Peterl4290 Месяц назад
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
@Mrshuster
@Mrshuster Месяц назад
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
@larrypaul-cw9nk
@larrypaul-cw9nk Месяц назад
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors
@sabastinenoah
@sabastinenoah Месяц назад
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@larrypaul-cw9nk
@larrypaul-cw9nk Месяц назад
Annette Christine Conteis the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@sabastinenoah
@sabastinenoah Месяц назад
Thank you for sharing, I must say, she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
@Ilia-h1u
@Ilia-h1u Месяц назад
Used to think investors lose out amid crash, meanwhile some make profits. I also thought folks went out of business during the great depression, but some went into business. Bottom line, there's always depression for some while others amass wealth gains.
@AnnabethCalloway
@AnnabethCalloway Месяц назад
well said, in my opinion, times are crazy now, hence everyone needs a sort of financial planning in order to thrive forward. ideally, investment advisors are the best reps for getting the job done
@waldenjohn
@waldenjohn Месяц назад
Right, a lot of folks downplay the role of advisors until being burnt by their own emotions, no offense. I remember years back, amid covid-19 outbreak, I needed a good boost to help my business stay afloat, thus researched for licensed advisors, and thankfully came across someone of excellence. She's helped grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
@neverbackdown2332
@neverbackdown2332 Месяц назад
this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation
@waldenjohn
@waldenjohn Месяц назад
She goes by ''Jane Nina Pickett'' she's a renowned figure in the financial industry with over one decade of experience. I'd suggest you research her further on the web.
@neverbackdown2332
@neverbackdown2332 Месяц назад
thanks for sharing, just looked up Jane Nina Pickett on the internet, spotted her consulting page ranked top and was able to schedule a session. Ive seen commentaries about advisors but not one looks this phenomenal
@aigajenkinson2495
@aigajenkinson2495 Месяц назад
It's impossible for someone to become wealthy suddenly. A valuable lesson I've picked up from billionaires is to always invest in a diverse range of securities and to put in background effort, even if we usually just see the final product. I intend to profit from the approximately $200k that I want to put in stocks this year.
@BillAdamson-bp9ff
@BillAdamson-bp9ff Месяц назад
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
@Erinmills98
@Erinmills98 Месяц назад
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
@veniceblackwood2931
@veniceblackwood2931 Месяц назад
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
@Erinmills98
@Erinmills98 Месяц назад
I've experimented with a few over the past years, but I've stuck with the popularly ‘’ Kristin Amy Rose ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@veniceblackwood2931
@veniceblackwood2931 Месяц назад
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@ElizabethJose-u8o
@ElizabethJose-u8o Месяц назад
It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $240k reserve,I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.
@AmbroseCollins
@AmbroseCollins Месяц назад
You must establish your own procedure, control risk, and adhere to the plan through thick and thin while also financial advisors have a lot more knowledge and expertise in this area and getting better because nobody knows anything.
@ThompsonCharles-d2h
@ThompsonCharles-d2h Месяц назад
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@BenjaminForest-d6y
@BenjaminForest-d6y Месяц назад
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
@ThompsonCharles-d2h
@ThompsonCharles-d2h Месяц назад
Lina Dineikiene has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
@BenjaminForest-d6y
@BenjaminForest-d6y Месяц назад
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Lina Dineikiene after inputting her full name on the web, she seems highly professional with over a decades of experience.
@dialecticalmonist3405
@dialecticalmonist3405 Месяц назад
I love how millionaires pretend to know how the working class is doing, based on fake numbers on a computer screen.
@bradw2k
@bradw2k Месяц назад
You don't think Jim looks for what's on sale when he's buying groceries?
@nonexistent5030
@nonexistent5030 Месяц назад
I dont think Jim buys his own groceries 😂 ​@bradw2k
@brandonburns5365
@brandonburns5365 Месяц назад
​@@nonexistent5030Jim probably doesn't even own groceries. Restaurants 3 times a day😅
@GreenspudTrades
@GreenspudTrades Месяц назад
This guy is an out of touch Boomer 😂
@carolinacamilo3261
@carolinacamilo3261 Месяц назад
He’s very out of touch… clueless
@LizaPhilips
@LizaPhilips Месяц назад
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
@emiliabucks33
@emiliabucks33 Месяц назад
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
@Johnlarry12
@Johnlarry12 Месяц назад
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
@frankbarnes22
@frankbarnes22 Месяц назад
how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i'm an absolute noob at investing.. mind sharing info of the advisor guiding you please?
@Johnlarry12
@Johnlarry12 Месяц назад
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@frankbarnes22
@frankbarnes22 Месяц назад
Thank you for sharing, I must say, Carol appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
@timthetiny7538
@timthetiny7538 Месяц назад
The stock market looked pretty good in August of 2008 too. lol
@kasperwabinski
@kasperwabinski Месяц назад
This guy is wrong. He is out of touch with the average person
@michaeldavi4793
@michaeldavi4793 Месяц назад
This guy is clueless 😂
@genestone4951
@genestone4951 Месяц назад
I'm betting hard against this guy. So we'll see who's richer in 2025.
@bradw2k
@bradw2k Месяц назад
"it's a good time to be a job seeker" Yes ... if you like stocking store shelves. But if you want a job that supports a family, it's freaking abysmal out there ... honestly shocked how out of touch he is.
@cheninblanc8208
@cheninblanc8208 Месяц назад
Bianco is an example of the old adage..... economists know the price of everything and the value of nothing....... 🤨
@danjones9064
@danjones9064 Месяц назад
You gotta love a economic prognostication that goes bad before the episode is even uploaded.
@rdainsworthpoetry
@rdainsworthpoetry Месяц назад
😂😂😂
@abemanzur6985
@abemanzur6985 Месяц назад
😂😂😂😂😂😂😂
@genestone4951
@genestone4951 Месяц назад
It's still great to have him on. Although its really annoying, you have to hear what the other side of your trade is thinking.
@davisutton1
@davisutton1 Месяц назад
@@genestone4951 This is a good point. Too many people enter echo chambers and will not look beyond their own priors.
@jcgoogle1808
@jcgoogle1808 Месяц назад
LOL Yep. Had to stop watching this nonsense at about 7 minutes in. The idea that 1 illegalalien, let alone 11 million, impacts the official unemployment rate is ridiculous,.. 1, these people aren't supposed to be here, why would they be counted as US workers? If you count them,.. then why not just count all of the unemployed non citizens who are not in the US as part of the US unemployment rate. 2. many of them are released prisoninmates that are of no benefit to their own country, let alone ours, 3. most are uneducated, unskilled,,.. workers again who provide little benefit, working or not. 4. many are women and children who couldn't work, and most importantly,.. 5, assuming they are the cause of a rise in the unemployment numbers,.... that doesn't mean that the economy or the employment situation is dong better than if they weren't here. So what's the point? The facts are,.. this economy is being kept afloat by unnecessary, unprecedented criminal fiscal abuse. It's not "generating a GDP growth at the GDP potential growth rate". The economy is growing at about 1 to 2% with 6 to 7% of GDP deficit spending giving us 4 to 5% real inflation. 6% deficit (increase in money supply) - 2% GDP growth = 4% inflation. That's Bribemnomics. Again,.. that's not "generating a GDP growth at the GDP potential growth rate". How healthy economies work is 0 to 2% deficit spending and 4 to 5% private sector driven economic growth with the inflation being muted by the money created by fractional reserve banking system debt ebbing and flowing. The debt of the government just flows. It's never paid back. When a treasury matures,.. they just issue another treasury to replace it.
@DanTommasoMatteo
@DanTommasoMatteo Месяц назад
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
@BrendaStevenston
@BrendaStevenston Месяц назад
I totally agree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
@NatashaMurphy-zf5rj
@NatashaMurphy-zf5rj Месяц назад
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
@gabrielwade9575
@gabrielwade9575 Месяц назад
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence getting burnt. Ideally, advisors like Stella Cornwall are reps for investing jobs, and at first-hand encounters, my portfolio has yielded over 300% since 2020, just after the pandemic to date.
@vrandonfinn
@vrandonfinn Месяц назад
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor such as Stella Cornwall can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
@ZoeBarnes-u5s
@ZoeBarnes-u5s Месяц назад
Stella Cornwall is really a good investment advisor. Was privileged to attend some of her seminars that's how I started my own crypto investment.
@jorgo3
@jorgo3 Месяц назад
Illegal Immigrants can't be included in the Unemployment Figure ,they can't File for Employment Benefit , he is saying that the Illegal Immigrant are causing Unemployment to Rise ,he didn't mention the Hundred of Thousands of Layoffs , what the hell is he talking about .
@Seegie16
@Seegie16 Месяц назад
Go due your dd. They can and are
@jorgo3
@jorgo3 Месяц назад
@@Seegie16 if they're never been on Payroll ,how can they file for Unemployment , they come here and they immediately get all kind of Benefits . where is your Source that they can file for Unemployment without ever being employed ?
@Seegie16
@Seegie16 Месяц назад
@@jorgo3 they don't file for unemployment benefits. However They get counted into the overall figure of people that are unemployed.
@Triedandtrue44
@Triedandtrue44 Месяц назад
I thought they stop counting the people that give up and stop looking for work…how are they counting people who are unemployed that don’t collect 😂
@Seegie16
@Seegie16 Месяц назад
@Triedandtrue44 I'm not sure why but they do. Eventually the unemployed immigrants legal or otherwise drop out of the counted pool as well if they never claim income. It's weird, i understand, but that's the was it's done.
@Manselus-c1f
@Manselus-c1f Месяц назад
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
@nalivkin-ls3pg
@nalivkin-ls3pg Месяц назад
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
@Matthew-mb6oy
@Matthew-mb6oy Месяц назад
I've been in touch with a financial analyst ever since I started investing. 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
@Theodore454
@Theodore454 Месяц назад
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
@Matthew-mb6oy
@Matthew-mb6oy Месяц назад
My CFA ’ANGELA LYNN SCHILLING’ , 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.
@Theodore454
@Theodore454 Месяц назад
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@trig007
@trig007 Месяц назад
Jim needs to stop looking at the idex bubble and talk to regular people. He has no idea how bad the real economy is.
@darthstarone3532
@darthstarone3532 Месяц назад
Oh really the economy is fine? 😭🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭 Let me smoke some of that hopeuim 🤣😭🤣
@digidave8094
@digidave8094 Месяц назад
Give us a smoke then bro 😂
@sunso1991
@sunso1991 Месяц назад
Economy is so fine! I just made 36 trillion dollars last year. I thought about donating to erase out national debt. Oh wait. I was dreaming Ah, American dream
@slytime0083
@slytime0083 Месяц назад
The economy is fine...delusional
@leslieread556
@leslieread556 Месяц назад
Absolutely...
@dialecticalmonist3405
@dialecticalmonist3405 Месяц назад
Millionaires who stare at a computer screen, know nothing about the working class.
@JohnJohnCrusher
@JohnJohnCrusher Месяц назад
Dichotomy society big time. The upper class is killing it in asset appreciation. Lower rates will exacerbate that. Cheap money means higher asset prices. And higher prices on goods and services. We are really in a pickle here, there's no clear way out
@stephencuskley5251
@stephencuskley5251 Месяц назад
1. An inverted yield curve ALWAYS predicts a recession. 2. The Fed is ALWAYS late. 3. The bull steepener ALWAYS portends bad times ahead. 4. Not to mention rising unemployment. 5. This time ISN'T different.
@ernestomata5552
@ernestomata5552 Месяц назад
It's always isn't different until it's not. You better buy this dip or not it's up to you.
@xmonikerhotmailcom
@xmonikerhotmailcom Месяц назад
It is different because debt to GDP is 126%.
@catliath5384
@catliath5384 Месяц назад
Just worse…
@omnimoeish
@omnimoeish Месяц назад
Hilariously last I heard, Claudia Salm herself was saying this time is different, no recession, ignore the inverted yield curve, ignore the Salm rule. "Sub prime is contained" all over again, people never learn. The Fed should've cut 6 months ago. We know for certain their policies will take roughly 18 moths of lag before they kick in since it took 18 months for the rate hikes to kick in.
@dtrout
@dtrout Месяц назад
I need to copy your comment and get it framed for my office. Well said.
@noname-yh2fv
@noname-yh2fv Месяц назад
Jim will be proven wrong again as he alwyas has
@VickyMorales-zm1hb
@VickyMorales-zm1hb Месяц назад
The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich
@CynthiaRuby-x9p
@CynthiaRuby-x9p Месяц назад
You're correct!! I make a lot of money without relying on the government.Investing in stocks and digital currencies is beneficial at this moment.
@VickyMorales-zm1hb
@VickyMorales-zm1hb Месяц назад
Sounds good How do you do that?I'm interested, how do I go about getting started?
@sultanabeghum9946
@sultanabeghum9946 Месяц назад
I have secured financial freedom by investing in bonds, equities, NFTs and crypto currency the most profiting of them all..
@ebukaobidinmma3780
@ebukaobidinmma3780 Месяц назад
Please how's that possible, I'm curious
@ebukaobidinmma3780
@ebukaobidinmma3780 Месяц назад
Please how do I go about it, am still a newbie on investment trading and how can make profit?
@noname-yh2fv
@noname-yh2fv Месяц назад
Jim said 10 year was going to 5 and above 😂
@vitalsigns6403
@vitalsigns6403 Месяц назад
It definitely should, but it wont. Fed wont allow deflation ever again
@davenchop
@davenchop Месяц назад
i was going to say the same thing.. hes been wrong a lot the las or so .. good catch
@williamlu7413
@williamlu7413 Месяц назад
I think he's falling not into the no landing camp...he's in the delusion camp.
@donotreportmebro
@donotreportmebro Месяц назад
he sounds like a guy who said in Jan 2020 that the shutdown of Wuhan was nothing burger
@sugarman08
@sugarman08 Месяц назад
No but it's different this time that's what they say every time
@cryptoricardo
@cryptoricardo Месяц назад
If you understood the economic cycle you'd realise how right he is
@JG-id5vi
@JG-id5vi Месяц назад
​@@cryptoricardo😂😂😂
@sugarman08
@sugarman08 Месяц назад
@@cryptoricardo I think it's how right you want him to be
@jackied962
@jackied962 Месяц назад
I don't really see how Illegal Immigrants would be causing the unemployment number to rise. Maybe I'm missing something in how its calculated.
@user-ed4yp6fi7k
@user-ed4yp6fi7k Месяц назад
Really dark and cloudy, Thundering and Lightning but..... Jim doesnt see the rain coming . I got it👍
@MattGuzman-ug8dl
@MattGuzman-ug8dl Месяц назад
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
@mohamedAli-kj6fb
@mohamedAli-kj6fb Месяц назад
This story doesn't add up.
@JohnJohnCrusher
@JohnJohnCrusher Месяц назад
No
@MenniMennola
@MenniMennola Месяц назад
🤧
@collinsacheampong5867
@collinsacheampong5867 17 дней назад
How did you do it?
@sojourneroftheland
@sojourneroftheland Месяц назад
"Its fiiiiine" Well, I always appreciate David Lin's variety of guests. I do agree the country is in trouble with or without cuts. But this everything is fine attitude...he better not say that out loud when he's walking around regular people at walmart or the grocery stores.
@tx8848
@tx8848 Месяц назад
David, you need to find guests that know what the hell they are talking about!! This guy is a total 🤡
@matthuntelaar8486
@matthuntelaar8486 Месяц назад
Why
@dirty96imp
@dirty96imp Месяц назад
Get Peter Berezin back on. And give him a sudafed.
@pauloedlaine
@pauloedlaine Месяц назад
I agree i always thought unemployment rates were measured by unemployment benefits claims … people crossing the border can’t apply for unemployment benefits
@JohnJohnCrusher
@JohnJohnCrusher Месяц назад
What? Dude I felt the exact opposite. Guy was on point I thought
@pinewood6340
@pinewood6340 Месяц назад
​@@JohnJohnCrusher😂
@gobot581
@gobot581 Месяц назад
This is a prime example of not living in the real world. As an employed person who knows many people of all ages looking for work this is the worst job market all around, especially for new graduates, even in fields such as engineering.
@piligrimius82
@piligrimius82 Месяц назад
I'm not sure what Jim is smoking, but we are in extremely tight policy. Every time inflation falls with current rate policy gets tighter. The system is so fragile, few more months we fall apart.
@safeandeffectivelol
@safeandeffectivelol Месяц назад
Seems like he wants an economic collapse before the Fed cuts. He's only looking at the stock market and believes that represents the entire economy. I work for a regional CPA firm and small to medium sized businesses are seeing a cash crunch.
@Del_987
@Del_987 Месяц назад
He’s a moron.
@michellelarson9983
@michellelarson9983 Месяц назад
@@safeandeffectivelol you can tell he is talking nonsense when said 11M illegal immigrante entered in usa in 3 yrs..TRUMP may quote him! not that he need to quote anyone since he makes up his data by adjectives like ' best' 'everyone' thinks' and so on.
@ot0m0t0
@ot0m0t0 Месяц назад
​@@michellelarson9983Right? Do illegals coount towards unimployed benefits? Do they count AT ALL ? No. Infact they do off the books work for cash and reallistically prop up the economy from the bottom.
@safeandeffectivelol
@safeandeffectivelol Месяц назад
@@michellelarson9983 Illegal immigration is a conspiracy theory made up by racist democrats in New York, Denver, and Chicago who blame them for causing budget issues.
@ZigOVee
@ZigOVee Месяц назад
Yea I don’t know Jim. Literally most people are struggling today.
@adamkeeney398
@adamkeeney398 Месяц назад
How are they getting picked up as unemployed? How are those statistics calculated? Do boarder crossers immediately call up the BLS and declare that they are looking for work?
@richardkut3976
@richardkut3976 Месяц назад
If Border Crushers get papers their numbers are in present stats.
@CrashBr0
@CrashBr0 Месяц назад
I wish we had this answer. I just wasted some time trying to figure it out.
@xmonikerhotmailcom
@xmonikerhotmailcom Месяц назад
Snow boarders?
@skygreen5939
@skygreen5939 Месяц назад
I think probably the mechanism is that they obtain jobs that legal residents would otherwise have, which then raises the unemployment rate among legal residents that are getting picked up by the BLS as unemployed.
@killap3nguin
@killap3nguin Месяц назад
Things may be different but when the personal savings rate is 3% near an all time low it doesn’t matter. Ppl are running out of money.
@connorcaba2492
@connorcaba2492 Месяц назад
Exactly
@Seegie16
@Seegie16 Месяц назад
And they may not have the house ATM to save them like so for the past 20 years
@marknlynette6623
@marknlynette6623 Месяц назад
This guy doesn’t give any direction, only a neutral analysis. If market goes up he’s right, if market goes down he’s right. He’s self preserving himself:
@chrispaul1117
@chrispaul1117 Месяц назад
David Lin haircut indicater...Hold😮
@roxiesorrells4552
@roxiesorrells4552 Месяц назад
WE ARE HEADING IN TO A DEPRESSION.
@Namegoeshere-op9hg
@Namegoeshere-op9hg Месяц назад
Government buying Bitcoin doesn’t mean government buys my bitcoin. They can’t have my bitcoin at any price. Because I have lost it all.
@JohnJohnCrusher
@JohnJohnCrusher Месяц назад
Bitcoin is awesome like that. You can buy it and never sell it because you lost the pass key or whatever. Genius idea. How many are lost forever?
@Lucinda-n1u
@Lucinda-n1u Месяц назад
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Whitney Eston , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
@Lucinda-n1u
@Lucinda-n1u Месяц назад
She's mostly interacts on Telegrams, using the user-name...
@Lucinda-n1u
@Lucinda-n1u Месяц назад
@WhitneyEston
@Heather53466
@Heather53466 Месяц назад
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
@TariqOsman646
@TariqOsman646 Месяц назад
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
@LoriArredondo
@LoriArredondo Месяц назад
It was quite challenging to understand the different trends on my own until i found out about Whitney. Trading made easy.
@DegenerateSpeculator
@DegenerateSpeculator Месяц назад
Disagree. We have entered populism era because people dont have money. Universal basic income is here along with stagflation most likely
@1UchihaItachi
@1UchihaItachi Месяц назад
How is the economy fine when consumers have over $1 TRILLION in debt?
@crgregersen
@crgregersen Месяц назад
Yield spreads are uninventing, Delinquencies rising, Sahms rule, Housing market is frozen, Manufacturing/services PMI's, earnings are not good especially not compared to valuations ratios .. what actually looks good?
@safeandeffectivelol
@safeandeffectivelol Месяц назад
This guy is delusional. High unemployment and prices will crush inflation.
@user-ed4yp6fi7k
@user-ed4yp6fi7k Месяц назад
👍
@killap3nguin
@killap3nguin Месяц назад
According to politicians the deficit looks good. Just keep pumping in more stimulus to avoid negative GDP prints as the real economy fails
@countdown2xstacy
@countdown2xstacy Месяц назад
“When Black Friday comes I’ll stand down by the door And catch the brave men when they dive from the 14th floor”
@connorking7785
@connorking7785 Месяц назад
Steely Dan
@mohamedAli-kj6fb
@mohamedAli-kj6fb Месяц назад
Sheeet
@dirty96imp
@dirty96imp Месяц назад
gonna wear no socks and shoes With nothing to do but feed all the kangaroos
@LikoHuan
@LikoHuan Месяц назад
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, made $68,000 profit from trading last month regardless of how bad it gets on the economy
@StefanMeyer-db1xi
@StefanMeyer-db1xi Месяц назад
How Am a newbie in crypto investment please can you guide me through on how you made profit
@RussellBryant-pc2df
@RussellBryant-pc2df Месяц назад
Well all thanks too my personal financial advisor Harley Gibson
@PaulJawlong
@PaulJawlong Месяц назад
her transformative power of trading is remarkable. Despite being a medical doctor by profession, I've found that copy trading generates higher income for me without the need for direct involvement in trading activities
@Jaw-longHuan
@Jaw-longHuan Месяц назад
I remain eternally grateful to Harleys Gibson for her efforts that got me to this point fmnally paid off my mortgage and all my debts, what more could I' ve asked for. She changed my life for good
@rosemaryclinton8697
@rosemaryclinton8697 Месяц назад
Please educate me I've come across this before. How can I get to her please?
@BrentChua87
@BrentChua87 Месяц назад
Man. The comments here are brutal. So sorry Jim.
@prolific1518
@prolific1518 Месяц назад
Mr No Landing 🤡
@stephon9677
@stephon9677 Месяц назад
He said the economy is fine 😂 but if the Fed cuts rates it’s going to ignite more inflation… if that’s the case then the economy isn’t fine smh
@paulsiwek8272
@paulsiwek8272 Месяц назад
Dude is a dope
@dialecticalmonist3405
@dialecticalmonist3405 Месяц назад
The economy is "fine" for him. Millionaires are making a killing while the working class is being destroyed.
@mackakiwinz4353
@mackakiwinz4353 Месяц назад
Record trade deficits, record fiscal deficits spending, ballooning record fiscal interest expense, $200 trillion in unfunded liabilities and further heavy government employment loading is the clear sign your economy is being destroyed from within. We know here in New Zealand we had the same situation with the Ardern government destroying everything before the New Zealand people rose against them. Now we have a decade of pain trying to rebuild their purposeful division and destruction common through OECD countries over the last 4 years.
@runswithtrees6173
@runswithtrees6173 Месяц назад
No landing? Hahahahahaha okay bro I love hearing the perspective on the economy from millionaires like this because they really have great insights on current economic conditions
@sumitomoO0O
@sumitomoO0O Месяц назад
Glorifying crypto can get few votes from crypto community but can alienate others who think that crypto is a scam
@thehodlking
@thehodlking Месяц назад
This must have been recorded a while ago. It’s now 74% chance of a 50bp cut.
@issenvan1050
@issenvan1050 Месяц назад
What happened to Jim’s no landing? A very bright(!) thinker! Steve Hanke is correct again!
@jcgoogle1808
@jcgoogle1808 Месяц назад
Hanke is also wrong that inflation is driven solely by the change in M2. He thinks we'll have deflation,..because M2 temporarily fell a mere 3% after rising 40%,.. It only hasn't happened yet because of the mysterious "long and variable lag". How do economists quantify "long and variable lags"? Do engineers say well that bridge should be structurally sound because we have the beams designed for a long and variable capacity factor. We will not have deflation while this insanesenileoleJoe admin continues to deficit spend 6 to 8% of GDP. Had to stop watching this video nonsense at about 7 minutes in. The idea that 1 illegalalien, let alone 11 million, impacts the official unemployment rate is ridiculous,.. 1, these people aren't supposed to be here, why would they be counted as US workers? If you count them,.. then why not just count all of the unemployed non citizens who are not in the US as part of the US unemployment rate. 2. many of them are released prisoninmates that are of no benefit to their own country, let alone ours, 3. most are uneducated, unskilled,,.. workers again who provide little benefit, working or not. 4. many are women and children who couldn't work, and most importantly,.. 5, assuming they are the cause of a rise in the unemployment numbers,.... that doesn't mean that the economy or the employment situation is dong better than if they weren't here. So what's the point? Gotta stop watching here when "economists" have to start fabricating purecrap to try to substantiate their belief. The facts are,.. this economy is being kept afloat by unnecessary, unprecedented criminal fiscal abuse. It's not "generating a GDP growth at the GDP potential growth rate". The economy is growing at about 1 to 2% with 6 to 7% of GDP deficit spending giving us 4 to 5% real inflation. 6% deficit (increase in money supply) - 2% GDP growth = 4% inflation. That's Bribemnomics. Again,.. that's not "generating a GDP growth at the GDP potential growth rate". How healthy economies work is 0 to 2% deficit spending and 4 to 5% private sector driven economic growth with the inflation being muted by the money created by fractional reserve banking system debt ebbing and flowing. The debt of the government just flows. It's never paid back. When a treasury matures,.. they just issue another treasury to replace it.
@issenvan1050
@issenvan1050 Месяц назад
@@jcgoogle1808 He said disinflation. Other than his recession timing, which was off due to a MONETARY reason, i.e., the above-trend money supply, everything he had forecast (in Economics) came true, including CPI prints & last week’s 10-yr.-Treasury trade!
@Rafa-dh4wh
@Rafa-dh4wh Месяц назад
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive. In the next 6 - 12 months more companies will report forward guidance on their earnings. It will be a vicious cycle for the next 12 -18 months. Just pray that the banks can withstand the bad debts otherwise the whole financial system will implode, and you will lose all your savings overnight. You might then see another round of even higher inflation after 24 months as the printing press begin to print more fiat currency, primarily to save the banks and maybe some big corporations. Let's hope there are no bank bail-ins then even if you're employed it will be useless. Your purchasing power will erode further but it will be meaningless as the banks are bailed -in and you lose access to your accounts / funds. Will there then be CBDCs??? Will they then ban the sales of Gold and Silver? Even government bonds might not be safe! The repo market will seize up. The Risk of bank bail-in will be a real game changer this time. Your best bet might be to have cash and gold under your mattress.
@JohnReynolds-ni5lv
@JohnReynolds-ni5lv Месяц назад
Must cut rates or banks fall and interest debt service on public debt soars and soars.
@cryptoricardo
@cryptoricardo Месяц назад
Best guest I've seen here, and you had great ones
@JohnJohnCrusher
@JohnJohnCrusher Месяц назад
Clem a few days ago was really great too
@trailguy
@trailguy Месяц назад
The economic indicators aren’t working right because we are increasing the debt by a trillion every 3 months.
@grantharding8868
@grantharding8868 Месяц назад
New jobs are only going to non native born Americans. Native born employment numbers have fallen 1.3M. They've been replaced by immigrants. That's why wages are stagnant. The US economy is on life support.
@kevinw2569
@kevinw2569 Месяц назад
Could someone explain to me why this guy says the exact opposite of daniela d martino booth???😮
@alphaomega1351
@alphaomega1351 Месяц назад
Because according to Terence Howard, 1 × 1 = 2. 😳
@sojourneroftheland
@sojourneroftheland Месяц назад
Because he has a wide variety of guests on the show. Some Alarmist, some overly relaxed, some sane...and some delusional.
@dankwolf442
@dankwolf442 Месяц назад
Daniella is in touch with on the street real time data and reality. This guy is a delusional clown 🤡
@MenniMennola
@MenniMennola Месяц назад
Love Daniela di Martino
@stevehalverson790
@stevehalverson790 Месяц назад
For the last 3 years, I’ve worked remotely from Florida for a company in West Virginia. I’ll never again work full time in an office.
@ryanguazzo8060
@ryanguazzo8060 Месяц назад
Right and wrong on unemployment. You can file for 1 week but you don't get paid till either the 2nd or 3rd week. So it's a waist of time to file for 1 week
@danielmunoz5187
@danielmunoz5187 Месяц назад
He said the economy is "fine" and them a very odd and weird pause! WTF! I can't stop laughing 😂🤣😆 I needed to come back for a good laugh!
@julieg.5718
@julieg.5718 Месяц назад
He thinks the economy is “FINE”?! wow, he is usually intelligent and insightful but the data is so overwhelming in telling us the U.S. economy is NOT FINE that I’m done here at the 4:00 minute mark , he has nothing to say that I can respect or agree with
@dialecticalmonist3405
@dialecticalmonist3405 Месяц назад
The economy is VERY FINE for him and his rich friends.
@sojourneroftheland
@sojourneroftheland Месяц назад
Ive found even a complete nut can say something sensible if you listen long enough...he says the markets are always calling that the fed will be cutting rates...thats correct theyve been calling for it all year. A rate cut will actually end up being bad for the economy (as equally not cutting rates will as well). There is apparently a split in the country (actually in the world), the higher income vs the regular and low income. Clearly this man came out to let us know what the views are of his peeps in the upper echelon of society.
@plain6255
@plain6255 Месяц назад
Thank You David! A great, no drama interview! The world really isn't going to end.
@4hartrich
@4hartrich Месяц назад
The economy is fine???? SAHM rule! It didn’t just rose to 4.2 it rise to 4.3; and the number of people working part time jobs is on the rise! Take out the huge amount of deficit spending we would be in a severe recession…..
@Willfully_Ignorant
@Willfully_Ignorant Месяц назад
Boy this aged like milk. This is about as devastating as Jim Cramer “don’t panic, Bear Stearns is fine. Ok, my bad, but Leahman Bros is stable so this is a great buying opportunity” moment.
@cowymtber
@cowymtber Месяц назад
So Jim, you went long. Got it.
@briannewman6216
@briannewman6216 Месяц назад
The stock market is now a lagging indicator of economic conditions (due to the preponderance of passive investment). The yield curve is probably the best leading economic indicator now.
@shammuk02
@shammuk02 Месяц назад
It really doesnt matter what the data shows.. if investors think we r in a recession then the market is going to crash... its just psychology
@Cindybal505
@Cindybal505 Месяц назад
They have revised the payroll numbers again, get real.
@zstrauss1
@zstrauss1 Месяц назад
Goodbye holiday spending. Consumer market is on the edge of a cliff.
@billadama
@billadama Месяц назад
David this guy is too brilliant for your channel. I don't think you should have him on again.
@maxxpup41
@maxxpup41 Месяц назад
Illegals shouldn’t be couldn’t be counted in Unemployment figures.
@JT13974
@JT13974 Месяц назад
So the unemployment rise is due to fallen trees. Got it.
@jasonport2907
@jasonport2907 Месяц назад
At the end he basically revealed his bias against stocks by stating that he runs a long only fixed income ETF. The guy was essentially talking his book during the entire interview. It sort of explains why he was insisting that the rates will trend higher and not lower. He wants to sell his ETF. Shameful.
@ot0m0t0
@ot0m0t0 Месяц назад
Now it makes sense. Thank you. Economy is great just buy my stuff.
@DonaldMark-ne7se
@DonaldMark-ne7se Месяц назад
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
@Jamessmith-12
@Jamessmith-12 Месяц назад
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
@kevinmarten
@kevinmarten Месяц назад
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
@JacquelinePerrira
@JacquelinePerrira Месяц назад
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@Jamessmith-12
@Jamessmith-12 Месяц назад
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@JacquelinePerrira
@JacquelinePerrira Месяц назад
'Carol Vivian Constable, 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.
@camvanzin
@camvanzin Месяц назад
Complete opposite position to Jeff Snider. I'm in Jeff's camp.
@martinellis7156
@martinellis7156 Месяц назад
Get a job with the government, any job, any branch of government and you'll ride out the depression and squeak by. Otherwise you will be stranded outside the walls with your trousers down around your ankles and no toilet paper...
@Jayshadys
@Jayshadys Месяц назад
So right about Bitcoin. Needs new development, no capital gains tax, and protection from money printers.
@borsennews9261
@borsennews9261 Месяц назад
Very very very smart guy. Hope see him again in this show soon.
@rxtoken5435
@rxtoken5435 Месяц назад
Higher immigrant unemployment is a sign of recession!! The fact that the labor market can’t absorb or is shedding. Immigrants are more vulnerable during economic downturns. It’s a recession, not excessive immigration.
@mrsingh2002
@mrsingh2002 Месяц назад
David Lin calls out the wrong views. I rate him highly
@BTCPT
@BTCPT Месяц назад
David Lin's hair: 1 Global economy: 0
@BPoweredLove
@BPoweredLove Месяц назад
David, it's okay to not upload EVERY interview you do, once it's over and you realize it was hot, molten feces.
@aaronbonus
@aaronbonus Месяц назад
This fucking guy, “this time is different” 😂 let’s circle back in 90 days
@JamesWilliam-wl7vx
@JamesWilliam-wl7vx Месяц назад
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
@JessicaMaria-hm2lf
@JessicaMaria-hm2lf Месяц назад
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
@AvaWesley-kb2oc
@AvaWesley-kb2oc Месяц назад
Thanks to my co-worker (Carson ) who suggested Ms Susan Jane Christy
@VeroNica-jo3ur
@VeroNica-jo3ur Месяц назад
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
@PeterMorotta
@PeterMorotta Месяц назад
Can I also do it??? My life is facing lots of challenges lately
@TimHenry-sr8ng
@TimHenry-sr8ng Месяц назад
She's a licensed broker here in the states🇺🇸 and finance advisor.
@bespoken2017
@bespoken2017 Месяц назад
What planet is this guy living on?
@ot0m0t0
@ot0m0t0 Месяц назад
Wall Street.
@Triedandtrue44
@Triedandtrue44 Месяц назад
I keep seeing stores closing, how are people employed when we are seeing so many stores closing!? Where are they going?
@ceasarwright7567
@ceasarwright7567 Месяц назад
Not sure what this guy is smoking but Ive never had some many people applying for work.
@hankhouseman762
@hankhouseman762 Месяц назад
Down in the trenches without the second graphs: The consumer is under water; and has no money. The Fed this, The Fed That; You computer analysts haven't a clue. The economy according to the consumer is on it's knees. Get out in the real world.
@Rafa-dh4wh
@Rafa-dh4wh Месяц назад
Gold and Silver will be very volatile during this period of mayhem even as interest rate decline. Similar to Oct 2008 until Apr 2009. Traders beware. When the markets tanked, gold will follow as people seek liquidity or suffer margin calls.
@usamoronocracy526
@usamoronocracy526 Месяц назад
Wow - recorded on Thursday !! Jim Bianco stated over and over again that he is in the NO LANDING camp !!! Current status in the futures market : S&P500 below 5200, Nasdaq below 17650, Dow below 39000, Russel2000 below 2050, Nikkei below 31500. What would a hard landing look like at Bianco Research ?!? 😱😱😱
@gen-X-trader
@gen-X-trader Месяц назад
I'm pretty sure Jim would be perfectly happy if the economy crashed into a depression and equities went to zero so long as his fixed income portfolios were fine 😂
@dtb7872
@dtb7872 Месяц назад
hmm.. dude needs to do some more research about Bitcoin and the 4 year liquidity cycle.
@fsaldan1
@fsaldan1 Месяц назад
Why is it written "9h ago" when the interview was on Thursday? It is completely obsolete.
@bibibachmd9995
@bibibachmd9995 Месяц назад
Big mistake to cut rates. The last thing we need is cheap money. That is how we got into this disaster.
@barrykennedy9947
@barrykennedy9947 Месяц назад
The low rates will not have an effect for most. They don't have enough to borrow anything.
@michellelarson9983
@michellelarson9983 Месяц назад
not a democrat but where did he get 11M illegal immigrants ..common men.11Million ...
@davisutton1
@davisutton1 Месяц назад
Jim seems to be describing 18 months ago very well when describing a strong jobs market. The problem is that this is relevant to 18 months ago.
@VickyVicky-pe2qd
@VickyVicky-pe2qd Месяц назад
Your explanations are clear and straightforward. It's always an honour to have you here as a mentor, I appreciate you for the time being spent to educate and update us financially. Regardless of how bad it gets the economy, I still make over $28K every single week. I truly value Lia Lorenzo and her helpful guides.
@NickyThomas-di1xo
@NickyThomas-di1xo Месяц назад
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional, but it's very advisable that you make use of professional
@AbelGrace-sw1pt
@AbelGrace-sw1pt Месяц назад
I know Lia Lorenzo, she has really set the standard for others to follow, we love her here in United State as she has been really helpful and have changed a lots of lives.
@OnuimoStephanie
@OnuimoStephanie Месяц назад
Thank you for this here on RU-vid... I am a doctor from Houston Texas, it was recommended to me on RU-vid, and I started with $10k and accumulated $52k in a week
@avabernard9851
@avabernard9851 Месяц назад
Interesting! But I'm new here. Please, how do I connect with Lia Lorenzo? I would appreciate it if you show me how to go about it
@VickyVicky-pe2qd
@VickyVicky-pe2qd Месяц назад
She is always active on wats apk👎👎
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