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"I have the powerrrrrr"
Your voice is just….*chefs kiss
A recession in consecutive quarters of negative GDP growth, which has already happen. This video doesn’t even make sense.
Bro, trying to gaslight us.
so faking it till you make it…… to a recession
I went out for breakfast with fries breakfast restaurant it was $15 for her nine dollars for me What test it was 42 $I thought to myself I’m gonna clean my house I will not be going to breakfast again I won’t go for dinner so the mortgage charge me tomorrow I will not go out and go out to eat I think this is gonna cause some of those t
I'm thinking due to that logic people would want to spend less on consumer goods which would cause them to be cheaper if the supply is large enough?
What does recession mean to people? It’s just a would with no real value. If you say that a cup of coffee at star bucks went up in price, it’s not the same as can I afford to put gas in my car to work for less than a tank of gas, and no certainty of my employer sending me home to save payroll. A recession is only important as a word to those who are trying to return a profit. Most people making less that $40,000 a year are more concern with a lack of real options.
Recession:, generally identified by a fall in GDP in two successive quarters. Unless you a part of the White House spinning the definition of recession….
so hungry
When there is inflation the reaction is resection
It’s a self fulfilling prophecy
Since Trump left office I am spending about $20 more each time I fill up. Lumber and building supplies don't seem to have come down and it keeps costing more each time I buy. My normal budget for groceries of $200 is now short each month. I really don't care what you call it, I am getting poorer each month. I have cut back on everything I can, if things don't improve soon I'll be living in a tent at the park.
Let do some math…
2019 $2.60 gas
Each American on average uses roughly 36 gallons a week
36x $2.60= $93.60 per week
2021
36gallons x $4.00=$144
$144-$93.60= $50.04
$50.04 x52 weeks= $2,620.80
$2,620.80 per person is what we are not spending on other items because we have to spend it on gas.
Furthermore to make the problem worse, everything you buy comes buy a truck at some point. Trucks use fuel the higher the cost of shipping the higher the overall cost.
People aren’t spending money because they have none to spend. (The average person)
Thanks Joe
Its clear now High inflation less consume for the same money At the end reduce the consume capacity and the economy will be affect it .
We have an stagflation to consider as well. I think we will enter an stagflation before entering a recession, just because Biden needs to secure votes for the democrats before the recession occurs.
This is exactly right. Consumer expectations and consumer sentiment are arguably the most INFLUENTIAL and powerful forces within the markets. They’re directly linked to, as Andrei said, consumer spending, which is such a large part of GDP and overall economic outlook.
My personal opinion: the FED is letting its rhetoric slip away. That’s not good.
Blame the people.. not the administration printing money during a period where people were not producing causing a high demand for products. Now people are spending less cause food and gas more expensive. People are not causing the recession.
Two negative GDP that’s a recession Biden democrat recession
just let it drop and let it be
stimulus checks and printing money out of thin air is causing inflation, in turn the recession.
How much is your dividend portfolio worth now
<Honestly, I appreciate you and your content, I think anyone selling their Bitcoin or Ethereum as if it was a tech stock have no idea what they are holding in the first place! I think long term holders are not going to sell a single satoshi. We are at a slow uptrend which the chances of bouncing up off this resistance is much greater than falling lower. Like you said if we fall lower, it will be briefly and then go up from there, more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I’ve been day trading crypto for 2 months with Yuxin Zhao daily signals, and insights was able to make 21 BTC as profits from my initial 6.9 BTC
Your reality is manifestation of your thoughts
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Hello I'm about to get a $50,000 to get bit coin..can u help me out if is a good ideas
Did you seriously just blame the American public for all this? You sound more and more like sleepy Joe with each video 🙄
This was stupid. Just because you throw up some cool edits doesn't make this good. It's a recession
Consumers aren’t spending less because they believe a recession is coming. They are spending less because prices are higher. Simple
It's not technically the same thing. However, if prices are higher, most people will spend less. Cause and effect
Absolutely. This whole thing this year was sooooooo predictable ever since they announced the tightening.
We have lost gdp in the first quarter and if we are still negative it’s a recession. Personally
I think we already are in a recession