What should be done to improve real wages and the standard of living? Comment below and don't forget to subscribe! FOLLOW TOMAS PHILIPSON: LinkedIn: www.linkedin.com/in/tomas-j-philipson-ph-d-02878024/
Someone said that it's time to be concerned when you start to see individuals shoplifting groceries rather than big-screen televisions, and i agree. Truth is, inflation will never reach 2% ever again, maybe in the next life, but not this one. Anyone purchasing groceries and gasoline is aware that real inflation is much over 10%; they simply lie about it like cheap blankets. In reality, interest rates would be in the 20s because of how high inflation is. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer. haha
My wife and i just had this conversation this morning. This is exactly how we wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?
sure . She's known as a 'Jennifer alaine '. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. thank you fr saving me hours of Rschng
House ownership: you have to look at the total package. Interest rate. Taxation (owning it, áll aspects of it!). Maintenance. Also: potential switching costs, when you want to sell and buy back or vice versa.
Guest Speaker, how infantile to equate inflation theft to take home pay. Inflation steals more than anything from *savings.* Taking the simplistic viewpoint that take home pay can track inflation - which also presumes that the BLS gives an honest number which is a laughable absurdity - is ignoring the fact that actual bank accounts and actual people's money is being stolen by inflation. And I pray to God that you honestly understand that 20% inflation should be followed by negative 18, not by a return to 2 and calling that an equitable solution. If you don't, then it's clear which side you're playing for.
Very True. Many pundits imply that if inflation goes to zero, everything has been fixed. Obviously not true. The big problem is that every administration significantly outspends the previous one. We are now in a position where defense spending may go up significantly, in the future. That will all be done with borrowing. Not good for the average citizen. We are in the Fourth Turning.
Our economy could be fixed if all states would legalize Marijuana and take 50% or more of the taxes and apply that to the national debt plus, remove the spenders from the administration as well as significant reductions in the military budget, close bases all over the planet and bring industry back. That is a solution for us.
Good guest. Ban corporations from buying homes. It takes supply off market and they make cosmetic upgrades and raise the price significantly. Less housing supplies since off market (rentals/renovations) and existing supplies rise greatly in prices. What corps? Can't say on this website. Not the channel which is fine.
My life makes way more sense that David has a doom and gloomer on. I wonder how much of the 234.77% S and P return 10 years ending yesterday 12.81% average annual he missed?
I went from shopping for a condo (didn't make it in time) to defaulting on 5 lines of credit and entering debt resolution within 3 years. I doubt I'm alone.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!..
Thanks you Christen wilburn Despite all the financial struggles i and my family faced, everything is finally falling into place! $67,000 monthly profit and riches I'll always praise the Lord!!!
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
US has the strongest economy in the world. Record stock market, lowest unemployment, highest oil production. record travel which leads o lodging, car rentals and restaurant spending. record small business startups. The sky is not falling.
Yes and all of that strength by adding 1 trillion to the deficit every 100 days. It's amazing how good things can feel when you spend money you don't have... Until you have to pay it back.
@@objectivethinker3225 Trump gave tax cuts that benefited the wealthy the most. By the end of 2025 the Trump tax cuts will have added 4.5 trillion to the national debt. 85% of that went to the wealthiest. that's 3000 billion and 800 billion 25 million dollars. Trumps presidency added 8 trillion to the national debt. That's more than any other president in history.
The poor pay mostly regressive sales and payroll taxes. The current tax "cuts" doubled the standard deduction and increased the child credit, benefiting middle and lower earners
It's been dumping and pumping in this range for ages! It's technically just going sideways, sideways means generally stagnant. More emphasis should be put into day trading, as it less affected by the unpredictable nature of the market. Trading has been going smooth for me as I managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Tammy Brockman, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Make no mistake Trump's $8 trillion in spending is the inflation we feel. Biden's $4 trillion in spending hits later this year into 2025. Math is the only thing that matters here, the rest is hot air.
Biden has run up almost 8 trillion is deficits (same as Trump who's deficit was mostly in 2020 for covid). Biden spent over 2 trillion a year more in 2021, 2022, 2023, and budgeted for 2024 then Trump did in his 2019 budget. There is a big difference between Trump and Biden's spending and Biden is by far the bigger spender... Look it up.
For the record... Trump's 2019 budget was 4.7 trillion. Biden hasn't had a single budget year below 6.2 trillion since he took office (2021-2024). Even though both administrations overall are running at $8 trillion in deficits, Trump's was primarily 2020 (Covid) while Biden has been spending 2+ trillion more than reciepts every year he's been in office.
David your the James Brown of financial news. The hardest working man in news business lol keep up the good work! I’m having a hard time keeping up with all of your videos you have content non stop! Hope your taking some “me time” don’t worry we will be here. Challenge all of your guests as much as possible to get the facts as they see it! The MSM is dead so guys like you are the true news these days! Cheers man!