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TIMECODES
0:00 Video Overview
0:26 Trouble Brewing with Banks
2:57 Household Debt
7:31 Problems the Government is Facing
10:32 Rescue the Economy or Fight Inflation
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
As we approach the year 2024, economists and financial experts are warning that a recession is looming on the horizon. The signs are there, and if history is any indication, it’s about to hit hard.
The last time the world experienced a major recession was in 2008, known as the Great Recession. It was a devastating financial crisis that had widespread impacts on countries, industries, and individuals. And now, as we approach the 2024 mark, there are worrying signs that a similar economic downturn may be on its way.
One of the key indicators of an impending recession is the state of the global economy. Many experts have pointed to the slowing growth rates in major economies such as the United States, China, and the European Union. The global economy has been showing signs of weakness, with trade tensions, political instability, and the ongoing COVID-19 pandemic all contributing to the uncertainty.
Another concerning factor is the state of the financial markets. Stock markets have been experiencing extreme volatility, and there are fears of a possible stock market crash. Additionally, the bond market has been sending warning signals, with the yield curve inverting – a classic sign of an impending recession.
Furthermore, there are growing concerns about the state of consumer spending and business investment. Rising inflation, high levels of debt, and stagnant wage growth are all putting pressure on households and businesses. This could lead to a decrease in consumer confidence and a reduction in spending, which in turn would negatively impact the overall economy.
So, what can we do to prepare for the 2024 recession? The key is to be proactive and take steps to protect ourselves and our finances. This may include paying off debt, cutting unnecessary expenses, and building up emergency savings. For businesses, it’s important to diversify, streamline operations, and prepare for potential layoffs or reduced revenues.
It’s also crucial for governments and central banks to take action. Monetary and fiscal policies may need to be adjusted to stimulate the economy and prevent a full-blown recession. Additionally, policymakers should work together to address the root causes of economic instability, such as trade disputes and geopolitical tensions.
While we can’t predict the exact timing or severity of the 2024 recession, it’s clear that we need to be prepared for challenging times ahead. By staying informed, making smart financial decisions, and advocating for sound economic policies, we can weather the storm and come out stronger on the other side. Let’s hope that the lessons learned from past recessions can help us navigate the uncertain road ahead.
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"We don't have a major world war that we are fighting right now" well, not yet at least… it'll happen at this rate.
How does this effect RENT
All this seems very relevant, but a Q: why is the Federal Government letting tens of thousands of illegal immigrants into the country every week from all over the world right now?
A: They WANT to CRASH the system.
It's going to be a global depression with high homelessness levels across western countries.
I know I sound pessimist , but bankrupting America is their excuse to bring in the communism / take away our money /make it a one world currency. problem ▶️ reaction ▶️ solution.
In video ads are too long.
youtubers are so full of it. They know nothing, and create click bait vids.
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 crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.
WRONG!…the FED can bail us out again now that inflation is under control.
I've been buying stocks with BOTH HANDS and MAXIMUM LEVERAGE for the last 2 months….EZ PZ, FREE FED MONEY IS BACK!!!
Would it help if more people worked, instead of handouts?
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
@HeresyFinancial ,How do you Feel about the UPMA (united precious metals association) ? Also the Govt just added 886 billion dollars to national deficit via the "defense budget"
The only way out of this debt problem is for the government to cut spending, which most politicians won't do, or raise taxes, which is political suicide. Neither choice is good, but something needs to be done soon or we'll eventually see a Weimar Republic all over again.
All Vladimir Putin said was for NATO and america to stop putting military installations around russia and forcing members into Nato and biden and his son lined their pockets with our financial future. He should be in jail. Working class and middle class people could have used that money to heal the blunt force trauma these politicians have created in this country. Nobody can afford anything but working longer hours to give our money to the oligarchs in washington. Its sickening and must stop. And how much money are they gonna continue to give to isreal while our ribbs show!
I will provide some modest input. I work in the Med Tech industry and spend almost all of my time meeting with large hospital health systems throughout this great country. And EVERY SINGLE ONE of them are predicting a significant downturn for 2024. Like most big companies, they are already planning their spending for next year and just about all of them are looking at a minimum 10-15% loss of operating budget come early next year. These are massive, multi-billion dollar systems that employ 10s of 1000's of people….
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency.
With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
The S&P 500 moved 8.9% higher in November, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas…
Way to be sensationalist, just like every other channel
This might be the thing that gets the populous to rise against the government.
No matter who you've borrowed the money from….it was created somehow. How was your CURRENCY created? From thin air….. Well…. That's its value…. Congratulations….. You've played yourselves…..
Mr. Heresy the US is on wartime financial state because the Government is at war with the American citizens and the Bill of Rights. Lol.
The slam against passive investing is horsehit from this guy. Just hold a reserve in market money and buy on the way down.
So basically the only answer is the same answer it’s always been. The government needs to spend less
Consumer spending is up, unemployment down and heading into the holiday season where expectations are good a delay in a recession is definitely not in the next two quarters. Also the explosion that will go into the market with the Bitcoin ETF craze , it maybe longer for a true recession to hit,
People will always spend money
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Major layoffs as retailers pay interest on there inventory left over
Interest rates being high now is trouble
Government is destroying the u.s
Going to get real bad.
Soft invasion of our borders
Recess|ons are where millionaires are created i always hear,. I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Debt to GDP sounds wrong the way you put it. GDP is a yearly measure. It starts with 0 on 20230101 and ends at X at 20231231. the debt is a total value. If the debt to gdp ratio is at 125%, this would mean that a household has a debt of 125K USD if it makes 100K USD per year. That is a really common debt to household income ratio.
As a businesswoman, it is only fair that I benefit from this disaster. I collaborate with my financial advisor to make the most of the market meltdown by purchasing specific stocks at a discount, holding them for the recommended amount of time, and then selling them for a price that is triple of what they were originally worth. I think this market collapse will cover the cost of my wife and my future boat, hehe