At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. This approach is key to securing financial independence and preparing for an early retirement.
I have savings of $600k and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I believe the average life expectancy in the US is around 77.5 years, but many individuals live into their 80s. Therefore, $600k needs to cover all those years as well as any unexpected expenses. While $600k is a solid beginning, I recommend seeking financial advice just to be safe.
I agree, having a financial advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $1 million with the help of my advisor from an initial $350k investment.
@@Karenowen-f9j Could you kindly provide the information for your investment advisor? I’m actively looking for one and would greatly appreciate your help.
Thank you for this thoughtful conversation. I am feeling so angry and frustrated. So many of us saw this coming and tried to warn our friends and family. But they voted for this by voting for the this ticket and now we all have to suffer for their ignorance.
SOME of us have/will pay all our lives up to retirement. Only 10 years of paying SS tax is required to qualify. Major difference that applies to a lot of people. Average lifespan in US is 80 and growing. Eligibility for SS starts at 62. Something has to change. I'm saying this as someone who met work requirements at 28 and has decades left in the workforce.
Funny how some words scare Americans, so to avoid the scary yet accurate nature of the word you use another word. You paid into it so it is your entitlement. Words are important, don't let fear mongers hijack and twist the meaning.
What seems clear is that most people don’t understand the economy and didn’t listen to people who could explain certain things in the right way. Even on a surface level, people with modest income should always pay attention when billionaires love their candidates. That’s telling, just by itself.
Well when the average American reads at a 4th grade level, you're fighting an uphill battle in getting anyone, let alone some dirt farmer in Ohio, to understand economic nuance.
@ I don’t know what grade reading level is the average, but I think it’s clear that Americans don’t read enough. And the amount of time spent watching the news has decreased in recent years. We have become quite uninformed, choosing to “follow” rather than to use critical thinking to assess information from multiple sources.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
The advisor that guides me is Melissa Terri Swayne , most likely the internet is where to find her basic info, just search her name. She's established.
Well that was sobering! An articulate, well spoken person logically laying out a plausible scenario. And yet here we are, having to listen to Donald Trump's drivel for at least 4 years. Buckle up, we're in for a long ride........
I agree 100% with what this lady is saying. As a person holding a degree in economics , a great deal of what Trump is proposing to do just strikes me as being the opposite course of action from what we should be doing.
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I am just a guy with a high school education, and several military schools. Something caught my eye during a rally Elon Musk said "there will be a temporary hardship for Americans " not only South African born Canadian naturalized citizen Musk involvement in the U.S government concerns me, but that statement surely does.
Yes he said that but he sure didn’t define his expectations of temporary. A year? Three? Absolutely shocking. He knows what they have planned. Total crash of the current system with the expectation that everything will be hunky dory down the road. They will make a mess of everything. I bet Musk won’t miss a meal. 😢
@Dbb277-2 My family, and I have worked very hard to eliminate as much debt as possible, mostly credit card. By the time Trump is sworn in we should be close to zero debt. As long as we can pay for the basics on a monthly basis, we may survive what's coming that's all I can think to do. Coming it is, there is going to be lots of buyers remorse.
I translate Musk's words as alluding to the reduction of government debt. If we want less pain now, we'll print more money and kick the can down the road. If we want to solve the long term inflation problem, we're gonna have to tear off that bandage to let that wound dry.
We elect the leaders we deserve. USA is becoming a Third-World-Autocratic-Oligarch-ruled nation. Meanwhile, I'm eagerly expectant of how a clash of Maga-Egos (Trump vs Musk) will end up...
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??
I will be forever thankful to you, you changed my life and I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Mr Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helping in changing a lots of life's
Donald Chump is like James Bond but without the good looks, charm, charisma, or really anything else positive. Chump just breaks stuff in every situation and has no plan for what happens after. He cashed his checks from Trump Steaks, Trump Vodka, Trump Airlines, Trump Casinos, and Trump University, and moved on to let someone else pick up the pieces.
To make cost of living cheaper at this point you need government invention and a dose of socialism which a lot of Americans so dread. If you can't make cost of living cheaper, the alternative is to increase minimum wages which will make things even more expensive and cancel out the minimum wage increases. Trump probably can make gas cheaper but at the cost on the environment. And the people will face more prolonged intense heat in the summer plus natural disasters. So more expenses canceling out cheaper gas prices. And even if gas gets cheaper, companies may not lower their product prices and just pocket increased margins plus tax savings while implementing machines and AI to reduce head counts to increase shareholders' value and share prices. Amen. Better take good care of your health.
The problem is that the people who need to listen to this video will not. And if they did, they would not understand it. Then they would get angry and accuse the presenters of being "out of touch" elites. Sigh.
@@buzoff4642 yet here we are and those that need a better economy to pay bills have voted in a presidency that will run amok and make waste of said segment of the populace. Its all good and fine if you have an investment portfolio thats making money..no sane educated individual thinks that Trumpp is better for the economy and if you have drunk the kool aid and think I am wrong..look at the historical figures and tell me which kind of admin bolstered the economy and which kind didn't.
MAGA cultist are ignorant to facts . They voted for the president that did absolutely nothing for them while he was president. They voted against the vp that created multiple policies/ acts to support the working class. Just amazing and now we have a sex offender as president who just nominated another sex offender for ag 😂this country is a joke
Already, I can see wild swings in the stock market due to the Trump win. I've been holding cash since 2021 but ready to take advantage of the current market situation. What are the best 5 stocks to buy now please?
“DCA" is the golden term. My dollar portfolio is made up of 15% PLTR, 15% TSLA, 25% NVDA, 15% VOO and 30% in digital assets, credits to my advisor. I've made over 80% capital growth minus dividends this year alone. It's sure getting better with the Trump economy.
What a week! A lot of news have been going on about a rally after the election, urging investors to watch out for stocks that would be experiencing significant growth. Any idea which stocks to put on my watchlist?
Elon Musk has played a major role in the campaign, especially in sectors like energy and automotive. With Trump winning, there's uncertainty, as the market has been full of surprises. It's wise to follow professional advice.
Laura Grace Abels 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 results
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
If he deports half of the people he says, you will have labor shortages that CANNOT be filled in construction, agriculture, and hotel hospitality. That will be inflationary AND create shortages. That could be worse than tariffs in the end. Crops rotting in the fields will not make prices go down.
Are you implying everyone in the USA is currently employed? Also, there will be many laid off government employees who are currently paid with tax dollars that can shift into the private sector.
@@Brian-dg3gh _" there will be many laid off government employees who are currently paid with tax dollars..."_ Not only is that painfully ignorant, it's economically stupid. You don't "hire" a skilled accountant, analyst, secretary, or whatever, to pick crops in a field! Your "idea" is right up there with Stalin or Pol Pot. Think harder before you speak...
They said his policies would tank the economy the first time. He cut work visas in half sealed the border and did mass deportations. For the first time in 40 years real wages for low income people went up and the economy as a whole was doing great. Its not like we havent had four years of these policies already. Some business owners suffered true but most people were doing better under these policies. Not one terrorist attack either.
The saddest thing is that the economy was doing well. Interest rates down more than in any other developed economy, unemployment low, wages rising, stock markets doing really well too (padding our pension buffer even for those who don't invest directly). And Trump is just going to throw a grenade in.
@@CarlGerhardt1 Trump lied time and time again about the economy and people believed it. The economy is been doing well compared with the rest of the world. Unfortunately, Harris didn't explain this well in her campaigning. The crunch is going to come if Trump follows his economic plans. When he was in office last time, he took a vibrant and healthy economy and added $7.8 TRILLION to the deficit. A couple of months ago when he was asked what he will do about the deficit if he is elected, he said he will fix it. He will WRITE A CRYPTO CHECK! I don't know if anyone told him there is no such thing.
Americans are turkeys who always vote for thanksgiving in November. For decades now. But they really have no choice. Always the same dog and pony show.
Not sure who benefits from this "lesson". Those of us who know what a tariff is (and how it will negatively impact the economy) won't learn anything we don't already know. Anyone who believes Trump knows what he's doing will simply ignore the facts because, like Trump, they don't think he's capable of making a mistake.
Went to Carl’s Jr today and ordered the cheapest sandwich on the menu. (Spicy chicken sandwich) What used to be 99 cents back in the day is now 4.00 plus tax, for a smaller sandwich. So yeah. We’re fucked. Without lube. The assault on the American consumer continues
@@paulward5491what a weird comment. Someone mentioned actual inflation and not just milk and eggs which supermarkets bragged were over charging on since Biden took office, and you freak out? When Trump entered office in 2017 we had dollar menus, in 2019 they went away for 2 for $4 menus.
The majority of Americans are economically illiterate, they voted for Teagan, Bush and Trump twice and every time they increased the economic debt hugely, Bush presiding over the worst recession since the 1930s.Most people do not seem to understand that a tax cuts means LESS income for the country to spend on infrastructure, services and the citizens, the only people who did brilliantly during these three turkeys reigns were the wealthy and these were the very people who supported Trump financially during his last campaign. This guy is going to be the last straw for the USA, its downhill from here. I feel sorry for those who didn't want him as leader the rest deserve what they get. The problem is, it will also affect those of us living in other countries.
"Economic debt?" Do you mean the public sector debt or the private sector debt. Funny you should lament ignorance about econ. That the public sector debt is the private sector suprlus is how it should be and it's not a problem. No economist is really saying we need to buy back T-bills asap, and btw the threat of "Chinese bond vigilantes" has mysteriously evaporated. That's just balance sheet reconciliation.
@@erickborling1302 I’ll bet you any amount of money you’re willing to lose Trump will wreck the economy for the vast majority of citizens, will preside over one of the most divided and violent terms in history, will massively ramp up incarceration levels, massively increase the debt, harm the nation’s credit rating (again), and destabilize the country more than any POTUS since Hoover. Trump will make everything worse. Again. Take the bet.
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q1 2025.
@@Pconradsmith Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
$50,000 for new small businesses and those who voted for tfg just claim nothing she said made any sense. When tfg was spewing out the most horrid vitriol, conspiracy theories, misinformation and disinformation and just plain nonsense! This is so crazy. I'm looking into moving to another country now.
Perhaps, but as they tuck themselves under their newspaper blanket under the highway overpass they'll soon be living under, they will be more than comforted knowing they didn't vote for a "commie marxist liberal."
We already have been affected in last 4 years. With inflation and Medicare up. These people don't know s----. The debt has been out of control before Obama. They should have fixed it back then. Shame on congress. Vote those people out.
None of what she said is encouraging to someone who lost everything in the last recession, and never recovered from my business slow-down. At 70 y.o., already moving toward poverty, and the news about what a Trump economy will bring is terrifying.
@@wayneessar7489 Move to Guyana. Fastest growing economy in the world. It’ll be booming for at least 10-20 years or so before the U.S. turns it into another banana republic.
@@shacktime it’s hard to up & move, expensive & time consuming to get passports & many don’t have enough to just buy land in another country plus then we would need to find a job. it’s not viable for most americans
@ You don’t need a passport to move to another state. And it’s gonna be real hard for women to remain in MAGA states in the years ahead. I’ve moved many, many times, living in five states and extensively traveling 40. It’s not as hard as you think. Just plan intelligently. Sell what you don’t absolutely need.
There are 22 million illegal immigrants now in the country, 8 - 10 million in the last 4 years, deporting a million a year won’t make a dent in “ cheap “ illegal labor
@@Jm-Gonz You didn't actually listen to this news story since they discussed that very topic. If you tighten the labor market, it will more likely increase inflation.
@@CarlGerhardt1How old are you? I’m 69, what the companies do is play the workers off each other. They will work people into the ground, not pay for over time and when the workers complain they will be told if they don’t like it then quit because there is always someone else willing to take the job. It’s basically another form of slave labor. Kelloggs did basically the same to their employees, look it up.
@@CarlGerhardt1 Your wages will only go up if your job is picking fruits and vegetables. If the "average worker" happens to work in the supply chain that delivers and processes the fruits and vegetables, then there is a real possibility that they will lose their jobs if the stuff isn't picked and instead rots "on the vine":. Not that it would make any difference since Trump will blame a minority group, say left-handed people with purple hair, and you'll agree with him.
Cannot give enough thanks for this conversation on Trump administration plans, macroeconomics, markets, national debt, interest rates, implications of risk for individuals and their retirement plans and savings, with author, global economic analyst and Financial Times associate editor Rana Foroohar. Amanpour & Co. & PBS do a great service informing us.
The one and only economist who dares mention "the real economy". And speak to the inherent class warfare that brought us to this state: "the economy", being Wall St's hyped sales to investors, vs "the real economy" as the public lives it.
Unfortunately, Amanpour and Company are speaking to the choir. Most Americans don't want to look at the economy nor do they understand the inflationary pressures of tariffs and labor deportations. No, they just think short-term and elect an undereducated guy like Trump who promises the moon. Yea, Trump went to Wharton with his father's influence, but obviously he was not paying attention in his business and economic classes.
Much like Walmart and its giant influence? When Whole Foods was bought by Amazon, the unique and high quality appeal took a hit, but prices came down... same with Costco......Liberals make everything worse for the average American, I think they should be allowed to merge............BTW just look at Manhattan.. uber liberal, sophisticated (a good thing) but expensive af, dirty, horrible public infrastructure and public schools......
I'm still waiting for Trump's 2016 promise of 'better, cheaper' healthcare. Guess it was just the first of a very long list of Trump promises which will never come to fruition.
@@buzoff4642 Read, get the facts, read the history of why the gap between rich and poor has been widening, figure it out for yourself why this trend under Trump will continue. Use your own mind.
@@buzoff4642 Tariffs, for one. Lower wages for another. Job losses. Increasingly unaffordable housing and healthcare. Higher proportional taxes on middle and lower income households. Infrastructural decay. The hundreds of billions in costs for mass deportations passed onto the consumer. No more small business loans. FEMA gutted and disaster relief privatized. Want more?
@ It’s “offshoring,” not outsourcing. Trump is gonna do the equivalent of a neutral drop with the economy, which will destroy the transmission and engine of the economy. Trying to reinvigorate manufacturing in the U.S. without harming the economy will take many decades. It can’t happen within a term or two. It also requires US consumers to be willing to spend more, which they are clearly loathe to do.
Trump is the reason Socrates hated democracy. I learned a personal lesson in this last American election: I have a tendency to underestimate American ignorance and stupidity.
Ironic the republicans have always fought only for the educated people to vote and even now they just wanted to vote on ONE DAY and to put a little effort into it (cause it was on a weekday) and show your damn ID.... Yet, Democrats who are so enlightened think the masses should vote, yet hear you are calling the masses idiots....
I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
DCA DCA" is the sloppy term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388 this year.
I've stuck with ‘’Amber Michelle Smith” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
You are among the same people who said that the first time Trump won. Remember he was a lunatic with the nuclear codes? He was going to get us into a war? Well, he didn't do any of that and the economy skyrocketed. Your kids could afford to buy a house ..interest rates were 2.5%.... 3.%.... , inflation was way,way down.... what has been a CATASTROPHE is the last 4 years .... inflation through the roof, interest rates skyrocketing, housing AFFORDABILITY out of reach... did you leave and go to another planet ? Beacuse it has been sh^tty here in the US since Biden came in ... thank God's he leaving... I'll help move his stuff...
This is a competent, knowledgeable woman. I guarantee that the people that need to hear this won’t and worse than that they don’t understand it. Thanks Trump voters. 😒
@@ChadHuffman-m3u For the Indonesian, Cambodian, who were bulldozed out of their villages for industrial palm plantations, that's not "Dark Ages"? For the Mexican, Chinese, etc. farmers, who were shut out of their markets, with US Ag glut dumping into it, to force them into industry's factories, that's not "Dark Ages"? For US and other west/westernized nations, who've imported a glut of 3rd world workers, who're preyed upon by wage-theft industry, that's not "Dark Ages"?
@ you’re preaching to the choir bud. I am all for a world government and a world currency, and a world minimum wage to go along with it. However, I am also all about bringing manufacturing back to the United States., Which is only possible if cheaper work isn’t available elsewhere.
Food shortages as shelved empty out. The vast majority of meat cutters do not speak English. During covid they were forced to work even as they were dying. That industry had one of the highest death rates among working age people from covid. If you deport all of them, you will have to import all meat. That will cost more to export the carcass and import the products. And then add tariffs? All of this takes time to shift as well. And do not tell me Americans will fill those jobs. IT won't happen as citizens will demand fair labor rules and fair pay. Plus they are slower at everything. How do you think this system got into place? You cannot fix it by deporting workers.
@@billmcmillan7735 don’t be surprised if Trump gets rid of the federal minimum wage altogether. Could actually be a good thing since workers would flee Red States in droves to seek better pay.
@@buzoff4642 There is no “imported labor glut”. We are begging for labourers. Agriculture and meat processing, construction, all the cleaning industries, (janitors, car detailing, landscaping and all the piece work and factory labourers are in VERY short supply. Not everyone can do those jobs! They are very physically demanding. Do you think a middled aged white guy making five times as much with half the hours and a quarter of the effort is suddenly wanting to work construction??? Deporting immigrants is the stupidest thing EVER. It’s going to devastate building projects, food prices and EVERYTHING else! Immigrants pay 96 billion dollars into SSI per year, and they can’t receive any benefits from it. It’s free money propping up SSI that will be gone. It’s lunacy.
I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.
@@erickborling1302 And THAT was the most intelligent reply your minuscule intellect could muster? WHAT does being a trader have to do with VERIFIABLE FACTS? I've NEVER been a trader. I started out as a broker, and I've been an analyst since 2000. Traders get their lunch eaten.
Not one person who I’ve talked to can name one thing that trump did the first time that helped any one out. Unless you hated your grandpa that died of Covid.
Reagan tax-cuts were 1981. And the Reagan tax-rises were in 1983. Deficits grew and so taxes kept rising until Clinton's surplus. Trump tax-cuts added circa $6tn to the national debt in four years.
Yup, Clinton booted people off welfare, into a job market while kicking off import of a cheap foreign no-legal-rights illegal labor glut and visa indentured workers. Yeah, life was great under Clinton, because of revenue surplus, eh? And the $2.13 an hour for tipped workers for the past 30 years has served the stock market well.
Trump inherited $350 million dollars and lost that and a total of almost $1 billion (that's with a B) in Atlantic City. He has declared bankruptsy 5 or 6 times and has had dozens of failed businesses. Trump Airline, Trump Mortgage, Water, Steaks, etc., etc. Let's listen to him tell us all how to improve the economy.
We learned that the Trickle down theory was garbage following the Reagan era. But Americans are bad at history so of course that lesson did not stick. And yes, we are very self interested and individually selfish. We are taught to be individualists and socialism and communalism are bad. Not surprised we are a country of selfish people
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
The silver spoon draft dodger "trickle down" mafia Don will make "exceptions" with c c p for himself and politically connected friends. It'll be all "bend the knee or no trading with China for you!" Everyone else will pay put the nose with more "tariffs"
Without a doubt! mrs Evelyn Infurna is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
hello from norway I'm retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife,$35k biweekly and a good daughter full of joy I’m forever grateful to Evelyn Infurna
Right here... FRONT and CENTER... this woman is an IDIOT. She has ZERO clue what actual inflation is OR... that the Bidenistas are the cause of ALL of it over the past 3.5 years. Open up your eyes.
It is good to hear an intelligent and informed view on how the economy works. I am an optimist by definition and hope for the best; however I think we are headed for some pretty rough times. Gladly trumpism will fade away.
"efficiency" for profiteering. Not efficient use of fossil fuels, local labor, collecting tax revenue for imported goods, etc. If the plan is massive disruption of that, yielding living wage for the majority of citizens, bring it on.
All stock brokers, salesmen of real estate, autos, commodities like oil, gold, airplanes, engineers, and all high salary earners will renegotiate their earnings as $1 in base salary and ALL other compensation ( stock options, bonuses, commissions ) as “tips” which will be untaxed. It will make 1929 look like a slight downturn.
@@baruchevenezra7279 Why? To watch it fail? No economy can function when there are more business owners than employees, who make up the bulk of consumers. Soon, the majority of employees will be so poor they’re barely gonna be able to afford the bare essentials. Capitalism fails miserably in a subsistence- economy. Trump is gonna crater the economy… again. Guaranteed.
Well, catch 22 as a national plan. Ax SS was kicked off by Reagan, to push savings into Wall St 401Ks, a mighty unstable vehicle to place retirement monies, inherently unstable due to market up/down, while retirement is a fairly fixed phenomena due to aging. Wage suppression suppressed use of 401Ks as SS replacement. But then, a sharp turn to international "investors" made citizenry monies going to 401Ks less attractive to Wall St. Lose/lose for the public.
@@stevechance150 Nothing did more damage to the general welfare of the public than importing an illegal and quasi legal labor glut. It was the most aggressive and successful class warfare tactic, for purpose of wage suppression. And that was not solely Biden. And that didn't stop under Trump 1.0.
You can be smart and happy these days. You just have to turn off your empathy and only give an eff about you and yours. It's sociopathic, but it works.
They live it, she narrates it. Replay the video, stop at "the real economy", and give that a think. Then, when she mentions international investors, again, stop the video, and give that a think. Summarily, she's saying the public as workers have been bled for benefit of national/international "investors". And they're not actually "investing", so much as bleeding workers of value of their labor. Because industry is no longer investing, as in conducting R&D, aka innovating.
@@buzoff4642 ya. That's why Reagan decriminalizing corporate stock buybacks was a big problem, without innovation or investment in their infrastructure companies buying their own stock just creates bubbles with nothing to back the high valuations. We are sitting on a few bubbles that look like the 2007 housing market, Trump isn't known to be subtle and when things go wrong he'll say it isn't his fault and run away.
Thank you for this stimulating conversation. The interviewer asked poised thought-provoking questions and Rana's answers were intellectually brilliant.
@@kathypirok-klein3413 She is the first clear eyed, articulate, fully informed economic reporter I've heard. Frightening news, but better we understand our situation. Of course she's with the Financial Times, not an American pub. I believe.
This time around for the people that voted for Trump that will suffer, I will not feel any sympathy for you. If you did 5 minutes of legit research, you'd see he will screw you over on practically everything...
Easy - average of years between last recessions. You can also add in past specific polotical philosophies and upcoming announced policy ramifications. Not rocket surgery.
Great interview from Hari (as usual). This stuff should be required listening for all Americans. Generally seems like we’re screwed, hope all those Trump voters don’t have buyers remorse
Play it again, Sam. 30 years at $2.13 an hour is a US national entitlement, bilk the poor? Keep importing a wage theft labor glut for industry, because they're barely getting by on record profits? Play it again, Sam.
@Izzlemcphizzle I'm sure many crazy things will go on with conspiracy theorists running the country, and many will keep listening to the crazy, blissfully unaware of the damage, until and unless it effects them.
She thinks market cycles (i.e. recession, expansion) are an immaculate conception, which is an absurd position. There is no "we're overdue for a recession," as fiscal and fed policy are under our command. Clearly not a great economist.
Listening to this interview I get a sense that Trump does not have an economic policy for the whole of the USA,. What he seems to do is 1; attend to his needs, 2; support his sycophants, and finally, 3; bread crumbs to the rest.
For decades, the US has not had economic policy for the whole of the USA. It has had economic policy for benefit of the elite, Wall St. For decades, the US has not had economic policy "to promote the general welfare". The very purpose of governance, according to the declaration of independence.
@@buzoff4642 And it’s only gonna get much worse under Trump. Mussolini called Fascism the seamless marriage of corporate and state power. Guess where we’re headed under Trump.
@@Lauranessa1 Low wage, under the table, and no wage (wage theft) don't pay taxes. Have you never looked at the tax tables in the annual IRS tax instruction book?
The question should be asked why Harris and her team weren't getting advice from economists like Ms. Foroohar to provide the electorate with financial education like this. I think most people would have understood that a great deal more than the price of eggs and gas was at stake.
When you're just getting by and suddenly can't afford rent and groceries, you really don’t care what some fancy economist has to say about it. You just want someone competent to come and fix it.
@@charlesndo3148 People compare how they lived during his first term and now. People feel they got impoverished in the last 3 years. Blue collar wages dropped. College graduates with STEM majors can't find jobs. Young people especially are suffering.
She said over and over at her rallies, etc. what she called the Trump Tax on goods. She told people that everything from shoes, phone, clothing, etc. would have this 10 to 20 percent tax hike. I heard her say this over and over! The problem is that many Trump supporters likely did not want to hear what she had to say. Their minds were made up , they are voting for him no matter what. People in the US are woefully misinformed and it is all about vibes.
@@paulward5491 yeah, but first Trump’s gonna try to take credit for all the good Biden has done. It will carryover into his term for a little bit, before it all comes crashing down on him.
They'll conjure even more scapegoats. The "trickle down" "maga" Extremists are extremely dangerous cult like regimes of 1930s they have to conjure endless scapegoats
Right after Trump's win, the stock market had a big "sugar high," then almost immediately started falling. I'm guessing the market is in for a huge nose-dive.
The people who make $700 an hour have convinced the people who make $25 an hour that the problem is the people who make $7.50 an hour.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. This approach is key to securing financial independence and preparing for an early retirement.
I have savings of $600k and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I believe the average life expectancy in the US is around 77.5 years, but many individuals live into their 80s. Therefore, $600k needs to cover all those years as well as any unexpected expenses. While $600k is a solid beginning, I recommend seeking financial advice just to be safe.
I agree, having a financial advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $1 million with the help of my advisor from an initial $350k investment.
@@Karenowen-f9j Could you kindly provide the information for your investment advisor? I’m actively looking for one and would greatly appreciate your help.
Thank you for this thoughtful conversation. I am feeling so angry and frustrated. So many of us saw this coming and tried to warn our friends and family. But they voted for this by voting for the this ticket and now we all have to suffer for their ignorance.
Please stop calling Social Security and Medicare "entitlements"! Those are annuity and insurance plans that we paid for all our career lives.
Well said! Thank you!!
Doesn’t matter…get ready for the cuts. Just remember Congress did this to us!
“They’re coming for your Social Security, they want it all”! …. George Carlin!
SOME of us have/will pay all our lives up to retirement. Only 10 years of paying SS tax is required to qualify. Major difference that applies to a lot of people. Average lifespan in US is 80 and growing. Eligibility for SS starts at 62. Something has to change. I'm saying this as someone who met work requirements at 28 and has decades left in the workforce.
Funny how some words scare Americans, so to avoid the scary yet accurate nature of the word you use another word. You paid into it so it is your entitlement.
Words are important, don't let fear mongers hijack and twist the meaning.
What seems clear is that most people don’t understand the economy and didn’t listen to people who could explain certain things in the right way. Even on a surface level, people with modest income should always pay attention when billionaires love their candidates. That’s telling, just by itself.
George Soros and lots of other billionaires supported Harris.
They loved Biden Harris so much that Inflation is so high.
@Genie7777 inflation is not high. Cost of living is high.
You know how you have deflation?
A recession.
Well when the average American reads at a 4th grade level, you're fighting an uphill battle in getting anyone, let alone some dirt farmer in Ohio, to understand economic nuance.
@ I don’t know what grade reading level is the average, but I think it’s clear that Americans don’t read enough. And the amount of time spent watching the news has decreased in recent years. We have become quite uninformed, choosing to “follow” rather than to use critical thinking to assess information from multiple sources.
The Gilded Age of tariffs led to the Great Depression. Those who do not learn from the past are doomed to repeat it.
Well said there!,❤
Yep! The 1930 Smoot-Hawley Tariff Act…
For those that find the need to look it up.
A little late to do so..
But.🤷♂️
@@jnaught1358was presented in one of the 80s classic movies…but folks thought it was part of the jokes.
Chump was born AFTER the Gilded Age. By the way, the show Gilded Age is a pretty good show.
Key word; Doomed.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
The advisor that guides me is Melissa Terri Swayne , most likely the internet is where to find her basic info, just search her name. She's established.
Well that was sobering! An articulate, well spoken person logically laying out a plausible scenario. And yet here we are, having to listen to Donald Trump's drivel for at least 4 years. Buckle up, we're in for a long ride........
I agree 100% with what this lady is saying. As a person holding a degree in economics , a great deal of what Trump is proposing to do just strikes me as being the opposite course of action from what we should be doing.
Can’t wait till trump policies help people thrive again and you eat crow 😂
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I would really love to know how much work you did put in to get to this stage.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Really you people know her? I was even thinking that I'm the only one she has helped with trading.
Wow! wow! please is there any way to reach her services?
Sure!! Here’s her line
I am just a guy with a high school education, and several military schools. Something caught my eye during a rally Elon Musk said "there will be a temporary hardship for Americans " not only South African born Canadian naturalized citizen Musk involvement in the U.S government concerns me, but that statement surely does.
Yes he said that but he sure didn’t define his expectations of temporary. A year? Three? Absolutely shocking. He knows what they have planned. Total crash of the current system with the expectation that everything will be hunky dory down the road. They will make a mess of everything. I bet Musk won’t miss a meal. 😢
@Dbb277-2 My family, and I have worked very hard to eliminate as much debt as possible, mostly credit card. By the time Trump is sworn in we should be close to zero debt. As long as we can pay for the basics on a monthly basis, we may survive what's coming that's all I can think to do. Coming it is, there is going to be lots of buyers remorse.
People keep forgetting that and I believe him. Why does our life always have to go through “hardship”
@@Dbb277-2well if it’s anything like his timelines for his companies then whatever he says is going to be way lower that the real date.
I translate Musk's words as alluding to the reduction of government debt. If we want less pain now, we'll print more money and kick the can down the road. If we want to solve the long term inflation problem, we're gonna have to tear off that bandage to let that wound dry.
Ukrainians voted for a comedian and elected a leader. Americans voted for a leader and elected a clown 🤡
The only thing which is important is that Americans didn't vote for dumbhead Kamala 🤣
We elect the leaders we deserve. USA is becoming a Third-World-Autocratic-Oligarch-ruled nation. Meanwhile, I'm eagerly expectant of how a clash of Maga-Egos (Trump vs Musk) will end up...
So far the winner is Musk's Tesla stock.
2020 is over! We’ve moved on from that mistake!
@@jcindahouseya think? Looks like we went back…
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
What about you??
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Please stop gentrifying countries
How can i reach Stephanie if you don't mind me asking?
Heard she’s an IA.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024.,…..,,
I would really love to know how much work you did put in to get to this stage
I will be forever thankful to you, you changed my life and I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Mr Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helping in changing a lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
The price of eggs is too high.
We have a problem.
So we voted for Trump...
Now we have two problems.
Will Trump wave his magic wand and make chickens healthy again? 🐓
@@lindas.7083 Not is it require giving them vaccinations...
Oof you're dumb
@@lindas.7083 The chickens won't be healthy, but when they get their tax cut, they will be wealthy.
@@mistergutsyea wealthy chickens(homer simpson) :v
If everything goes bad 4years later the goofy Trump lovers will still be blaming Biden 🙄
Obama. They still can't deal with it.
Or Hillary's emails, or Hunters laptop hahahaha
And Trump will say the economy is the best ever and they’ll believe him
If?
JOE BIDEN IS THE BLAME
Hold on folks… we’re heading for a crash. You’re expecting a guy who bankrupted multiple businesses to make things better. SMH. 🧐
Donald Chump is like James Bond but without the good looks, charm, charisma, or really anything else positive. Chump just breaks stuff in every situation and has no plan for what happens after. He cashed his checks from Trump Steaks, Trump Vodka, Trump Airlines, Trump Casinos, and Trump University, and moved on to let someone else pick up the pieces.
Shhhh Don't say it too loud. You don't want to pop their balloon. Ignorance is bliss !!!
@@eljeffe7472 "Break stuff" ? like Limp Bizkit ?
But but.....I pay more for eggs now!!!!
To make cost of living cheaper at this point you need government invention and a dose of socialism which a lot of Americans so dread. If you can't make cost of living cheaper, the alternative is to increase minimum wages which will make things even more expensive and cancel out the minimum wage increases. Trump probably can make gas cheaper but at the cost on the environment. And the people will face more prolonged intense heat in the summer plus natural disasters. So more expenses canceling out cheaper gas prices. And even if gas gets cheaper, companies may not lower their product prices and just pocket increased margins plus tax savings while implementing machines and AI to reduce head counts to increase shareholders' value and share prices. Amen. Better take good care of your health.
The problem is that the people who need to listen to this video will not. And if they did, they would not understand it. Then they would get angry and accuse the presenters of being "out of touch" elites. Sigh.
Yep
True story. They just get on here, proving to us the level of their stupidity.
Bizarre presumption.
@@buzoff4642 yet here we are and those that need a better economy to pay bills have voted in a presidency that will run amok and make waste of said segment of the populace. Its all good and fine if you have an investment portfolio thats making money..no sane educated individual thinks that Trumpp is better for the economy and if you have drunk the kool aid and think I am wrong..look at the historical figures and tell me which kind of admin bolstered the economy and which kind didn't.
MAGA cultist are ignorant to facts . They voted for the president that did absolutely nothing for them while he was president. They voted against the vp that created multiple policies/ acts to support the working class. Just amazing and now we have a sex offender as president who just nominated another sex offender for ag 😂this country is a joke
Great interview. Very smart woman. She explains everything very well and easy to understand. Thanks
Already, I can see wild swings in the stock market due to the Trump win. I've been holding cash since 2021 but ready to take advantage of the current market situation. What are the best 5 stocks to buy now please?
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan. I'll be buying more TSLA too
remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt. my two cents
“DCA" is the golden term. My dollar portfolio is made up of 15% PLTR, 15% TSLA, 25% NVDA, 15% VOO and 30% in digital assets, credits to my advisor. I've made over 80% capital growth minus dividends this year alone. It's sure getting better with the Trump economy.
@@havarez1234 fear of missing out is real ! who is the advisor guiding you please? I could really use a help at this point
Sophia Verdekal O'neal is the licensed advisor I use. Just google the name and you’d find basic info; her qualifications speak for itself.
What a week! A lot of news have been going on about a rally after the election, urging investors to watch out for stocks that would be experiencing significant growth. Any idea which stocks to put on my watchlist?
Elon Musk has played a major role in the campaign, especially in sectors like energy and automotive. With Trump winning, there's uncertainty, as the market has been full of surprises. It's wise to follow professional advice.
Exactly! With my advisor, I’ve cultivated deep investment roots, strengthening my financial growth for the future.
Your advisor must be really good. How I can get in touch? My portfolio's decline is a concern, and I could use some guidance.
Laura Grace Abels 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 results
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
If he deports half of the people he says, you will have labor shortages that CANNOT be filled in construction, agriculture, and hotel hospitality. That will be inflationary AND create shortages. That could be worse than tariffs in the end. Crops rotting in the fields will not make prices go down.
Are you implying everyone in the USA is currently employed? Also, there will be many laid off government employees who are currently paid with tax dollars that can shift into the private sector.
@@Brian-dg3ghhaha so these government workers will then start working in construction 😂
@@Brian-dg3gh _" there will be many laid off government employees who are currently paid with tax dollars..."_ Not only is that painfully ignorant, it's economically stupid. You don't "hire" a skilled accountant, analyst, secretary, or whatever, to pick crops in a field! Your "idea" is right up there with Stalin or Pol Pot. Think harder before you speak...
They said his policies would tank the economy the first time. He cut work visas in half sealed the border and did mass deportations. For the first time in 40 years real wages for low income people went up and the economy as a whole was doing great. Its not like we havent had four years of these policies already. Some business owners suffered true but most people were doing better under these policies. Not one terrorist attack either.
That was Obama’s economy he was riding on then when Covid came around he screwed it all up and passed it to Biden
The saddest thing is that the economy was doing well. Interest rates down more than in any other developed economy, unemployment low, wages rising, stock markets doing really well too (padding our pension buffer even for those who don't invest directly). And Trump is just going to throw a grenade in.
BOOM!!! 🥲
Yeah, the economy was doing 'so well'. That's why Harris won, right?
@@CarlGerhardt1 It's just statistics.
@@CarlGerhardt1 Trump lied time and time again about the economy and people believed it. The economy is been doing well compared with the rest of the world. Unfortunately, Harris didn't explain this well in her campaigning. The crunch is going to come if Trump follows his economic plans. When he was in office last time, he took a vibrant and healthy economy and added $7.8 TRILLION to the deficit. A couple of months ago when he was asked what he will do about the deficit if he is elected, he said he will fix it. He will WRITE A CRYPTO CHECK! I don't know if anyone told him there is no such thing.
@@CarlGerhardt1Go back to school, Carl. Do all of U.S. (yes, that's right, Donald) a favor.
I'm sorry I don't understand why people voted Trump.
SCOTUS
Americans are turkeys who always vote for thanksgiving in November. For decades now. But they really have no choice. Always the same dog and pony show.
@ey67 It's perplexing.
Racism and Good old Propaganda plus a touch of idiocy!😂
I couldn't afford another four years of this.
it will be an expensive lesson if Trump impose tariffs
It will be an expensive lesson WHEN Trump imposes tariffs.
It sounds like the mass migrations are what will really break the country's economy, so Trump can play his Hitler games.
Not sure who benefits from this "lesson". Those of us who know what a tariff is (and how it will negatively impact the economy) won't learn anything we don't already know. Anyone who believes Trump knows what he's doing will simply ignore the facts because, like Trump, they don't think he's capable of making a mistake.
@@tomscott4438In other words, stupid is as stupid does, and you can't fix it.
I LOVE TRUMP
In conclusion: we're fucked.
The Onion again had it first.
Went to Carl’s Jr today and ordered the cheapest sandwich on the menu.
(Spicy chicken sandwich)
What used to be 99 cents back in the day is now 4.00 plus tax, for a smaller sandwich. So yeah. We’re fucked. Without lube. The assault on the American consumer continues
@casey896 the president should be put in charge of pricing sandwiches?
cope
@@paulward5491what a weird comment. Someone mentioned actual inflation and not just milk and eggs which supermarkets bragged were over charging on since Biden took office, and you freak out?
When Trump entered office in 2017 we had dollar menus, in 2019 they went away for 2 for $4 menus.
The majority of Americans are economically illiterate, they voted for Teagan, Bush and Trump twice and every time they increased the economic debt hugely, Bush presiding over the worst recession since the 1930s.Most people do not seem to understand that a tax cuts means LESS income for the country to spend on infrastructure, services and the citizens, the only people who did brilliantly during these three turkeys reigns were the wealthy and these were the very people who supported Trump financially during his last campaign. This guy is going to be the last straw for the USA, its downhill from here. I feel sorry for those who didn't want him as leader the rest deserve what they get. The problem is, it will also affect those of us living in other countries.
"Economic debt?" Do you mean the public sector debt or the private sector debt. Funny you should lament ignorance about econ. That the public sector debt is the private sector suprlus is how it should be and it's not a problem. No economist is really saying we need to buy back T-bills asap, and btw the threat of "Chinese bond vigilantes" has mysteriously evaporated. That's just balance sheet reconciliation.
I love how his response to you, subtly changes the subject, without addressing the statement
@@erickborling1302 I’ll bet you any amount of money you’re willing to lose Trump will wreck the economy for the vast majority of citizens, will preside over one of the most divided and violent terms in history, will massively ramp up incarceration levels, massively increase the debt, harm the nation’s credit rating (again), and destabilize the country more than any POTUS since Hoover. Trump will make everything worse. Again. Take the bet.
in conclusion - we're screwed for 48 months or more.
The sad truth is, this country has grown far too academically challenged to continue on for much longer as a hegemonic global superpower.
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q1 2025.
@@Pconradsmith Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Well we didn’t want $6000 at birth, $25,000 to get a new home, and for our small businesses. FAFO - this is what you guys asked for..
$50,000 for new small businesses and those who voted for tfg just claim nothing she said made any sense. When tfg was spewing out the most horrid vitriol, conspiracy theories, misinformation and disinformation and just plain nonsense! This is so crazy. I'm looking into moving to another country now.
Make America SMART Again!
@@Fried52 in 4 years. MAGA are pretty dumb.
What amazes me is he ran again on fiscal responsibility when he presided over an 8 trillion federal government debt blowout in his first term.
You are correct, and it lit the fuse for hyper-inflation. (Of course, Biden poured a tanker truck of gasoline on it.)
People are brainwashed by the orange god
Many senior citizens will be collateral damage (homelessness, loss of access to life-saving health care, Etc.)
Wall Street sees them as a burden, no surprise 😞
Perhaps, but as they tuck themselves under their newspaper blanket under the highway overpass they'll soon be living under, they will be more than comforted knowing they didn't vote for a "commie marxist liberal."
Thanks, you two... I just LOVE being spoken of in the third person.
We already have been affected in last 4 years. With inflation and Medicare up. These people don't know s----. The debt has been out of control before Obama. They should have fixed it back then. Shame on congress. Vote those people out.
None of what she said is encouraging to someone who lost everything in the last recession, and never
recovered from my business slow-down.
At 70 y.o., already moving toward poverty, and the news about what a Trump
economy will bring is
terrifying.
Yep. I'm 75. Been watching this for decades. Corporate government. Corporate puppets. Global Ponzi scheme. What could wrong?
You are not alone in this experience and fear.
@@wayneessar7489 Move to Guyana. Fastest growing economy in the world. It’ll be booming for at least 10-20 years or so before the U.S. turns it into another banana republic.
@@shacktime it’s hard to up & move, expensive & time consuming to get passports & many don’t have enough to just buy land in another country plus then we would need to find a job. it’s not viable for most americans
@ You don’t need a passport to move to another state. And it’s gonna be real hard for women to remain in MAGA states in the years ahead. I’ve moved many, many times, living in five states and extensively traveling 40. It’s not as hard as you think. Just plan intelligently. Sell what you don’t absolutely need.
The tariffs combined with the deportation of all the underpaid immigrant field workers will ensure that food prices shoot through the stratosphere.
There are 22 million illegal immigrants now in the country, 8 - 10 million in the last 4 years, deporting a million a year won’t make a dent in “ cheap “ illegal labor
@@Jm-Gonz You didn't actually listen to this news story since they discussed that very topic. If you tighten the labor market, it will more likely increase inflation.
@@emonticello It will result in higher wages for average workers...the 'rich' will have to pay us more. Isn't that what you want?
@@CarlGerhardt1How old are you? I’m 69, what the companies do is play the workers off each other. They will work people into the ground, not pay for over time and when the workers complain they will be told if they don’t like it then quit because there is always someone else willing to take the job. It’s basically another form of slave labor. Kelloggs did basically the same to their employees, look it up.
@@CarlGerhardt1 Your wages will only go up if your job is picking fruits and vegetables. If the "average worker" happens to work in the supply chain that delivers and processes the fruits and vegetables, then there is a real possibility that they will lose their jobs if the stuff isn't picked and instead rots "on the vine":. Not that it would make any difference since Trump will blame a minority group, say left-handed people with purple hair, and you'll agree with him.
Finally! Someone who knows what she is talking about!
Inflation can rise to 6% and his sheep will say he is doing a good job.
Will they say it when it hits double that?
@ They will then blame Biden
Cannot give enough thanks for this conversation on Trump administration plans, macroeconomics, markets, national debt, interest rates, implications of risk for individuals and their retirement plans and savings, with author, global economic analyst and Financial Times associate editor Rana Foroohar.
Amanpour & Co. & PBS do a great service informing us.
The one and only economist who dares mention "the real economy".
And speak to the inherent class warfare that brought us to this state: "the economy", being Wall St's hyped sales to investors, vs "the real economy" as the public lives it.
Republicans will get rid of PBS.
@@buzoff4642The public can do what other investors do.... just on a smaller scale.
But the price of eggs and bacon is more important. 😮
@@buzoff4642l
Unfortunately, Amanpour and Company are speaking to the choir. Most Americans don't want to look at the economy nor do they understand the inflationary pressures of tariffs and labor deportations. No, they just think short-term and elect an undereducated guy like Trump who promises the moon. Yea, Trump went to Wharton with his father's influence, but obviously he was not paying attention in his business and economic classes.
The two giant grocery store chains being allowed to merge would be a devastating disaster for American consumers.
Much like Walmart and its giant influence? When Whole Foods was bought by Amazon, the unique and high quality appeal took a hit, but prices came down... same with Costco......Liberals make everything worse for the average American, I think they should be allowed to merge............BTW just look at Manhattan.. uber liberal, sophisticated (a good thing) but expensive af, dirty, horrible public infrastructure and public schools......
This Lady talks Sense....
I'm still waiting for Trump's 2016 promise of 'better, cheaper' healthcare. Guess it was just the first of a very long list of Trump promises which will never come to fruition.
I’m still waiting on that Wall😢
Finally, an intelligent person talking about how the stock exchange isn't necessary a good indicator of how the economy is doing.
Great Depression II,
and decades of stagflation.
The rich will get richer and the poor, many of whom voted for Trump, will see the gap widen.
Widen because of ...?
@@buzoff4642 Read, get the facts, read the history of why the gap between rich and poor has been widening, figure it out for yourself why this trend under Trump will continue. Use your own mind.
@@buzoff4642 Tariffs, for one. Lower wages for another. Job losses. Increasingly unaffordable housing and healthcare. Higher proportional taxes on middle and lower income households. Infrastructural decay. The hundreds of billions in costs for mass deportations passed onto the consumer. No more small business loans. FEMA gutted and disaster relief privatized. Want more?
@@shacktime And what's your solution? Continue outsourcing labor? Look where that's gotten us..
@ It’s “offshoring,” not outsourcing. Trump is gonna do the equivalent of a neutral drop with the economy, which will destroy the transmission and engine of the economy. Trying to reinvigorate manufacturing in the U.S. without harming the economy will take many decades. It can’t happen within a term or two. It also requires US consumers to be willing to spend more, which they are clearly loathe to do.
Trump is the reason Socrates hated democracy. I learned a personal lesson in this last American election: I have a tendency to underestimate American ignorance and stupidity.
Ironic the republicans have always fought only for the educated people to vote and even now they just wanted to vote on ONE DAY and to put a little effort into it (cause it was on a weekday) and show your damn ID.... Yet, Democrats who are so enlightened think the masses should vote, yet hear you are calling the masses idiots....
High School graduates have a reading ability of grade 7.
Americans didn't vote for Kamala. That's a proof they are not entirely stupid.
Sadly I could not agree with you more👍 we are screwed big time!
We’re in for a ride for sure
Trickle down never, ever works. NEVER.
It never works for us. It works for the people in charge.
Exporting tons and tons of our good jobs to foreign countries doesn't work, either.
Trickle down means power to the super rich. Those Americans wanted it are a flock of sheep driven around by a Fox.
How about Biden having you and I paying off other people's student loans and transgender operations? @CarlGerhardt1
@carlgerhaardt1 say robotics, AI, IT
I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
DCA DCA" is the sloppy term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388 this year.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
I've stuck with ‘’Amber Michelle Smith” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
In a word, CATASTROPHE!
You are among the same people who said that the first time Trump won. Remember he was a lunatic with the nuclear codes? He was going to get us into a war? Well, he didn't do any of that and the economy skyrocketed. Your kids could afford to buy a house ..interest rates were 2.5%.... 3.%.... , inflation was way,way down.... what has been a CATASTROPHE is the last 4 years .... inflation through the roof, interest rates skyrocketing, housing AFFORDABILITY out of reach... did you leave and go to another planet ? Beacuse it has been sh^tty here in the US since Biden came in ... thank God's he leaving... I'll help move his stuff...
This is a competent, knowledgeable woman. I guarantee that the people that need to hear this won’t and worse than that they don’t understand it. Thanks Trump voters. 😒
Best analysis I've heard. Please make her a regular guest!
She has always been an incredibly intelligent woman. I've read some of her books. Very good author.
Yes.
Agree excellent balanced logical opinions i’m pen & paper taking notes .great interview
Agreed. Favorited this video for later reference.
I think that the Dems are exactly like Trump in results, but you should vote for them because she sees a tiny bit of difference between them.
Well Elon Musk said it’s going to ‘hurt for a while’. He just didn’t define a while.
Last one to leave, turn out the lights. America headed into the Dark Ages.
Stop that nonsense. You are wrong, wrong, wrong.
The world is about to enter the dark ages
@@ChadHuffman-m3u For the Indonesian, Cambodian, who were bulldozed out of their villages for industrial palm plantations, that's not "Dark Ages"?
For the Mexican, Chinese, etc. farmers, who were shut out of their markets, with US Ag glut dumping into it, to force them into industry's factories, that's not "Dark Ages"?
For US and other west/westernized nations, who've imported a glut of 3rd world workers, who're preyed upon by wage-theft industry, that's not "Dark Ages"?
@ you’re preaching to the choir bud. I am all for a world government and a world currency, and a world minimum wage to go along with it. However, I am also all about bringing manufacturing back to the United States., Which is only possible if cheaper work isn’t available elsewhere.
@@buzoff4642
Trump's policies won't make any of those people better off.
Quite the opposite actually.
Higher prices and fewer choices.
Food shortages as shelved empty out. The vast majority of meat cutters do not speak English. During covid they were forced to work even as they were dying. That industry had one of the highest death rates among working age people from covid. If you deport all of them, you will have to import all meat. That will cost more to export the carcass and import the products. And then add tariffs? All of this takes time to shift as well. And do not tell me Americans will fill those jobs. IT won't happen as citizens will demand fair labor rules and fair pay. Plus they are slower at everything. How do you think this system got into place? You cannot fix it by deporting workers.
great interview and this lady is well informed and great at articulating information.
After trump’s McDonalds photo op, someone asked him about raising minimum wage, he ignored the question!
What do you think exporting the imported labor glut will do to min wage?
how come i did not hear that party? you make it up.
@@billmcmillan7735 don’t be surprised if Trump gets rid of the federal minimum wage altogether. Could actually be a good thing since workers would flee Red States in droves to seek better pay.
@@buzoff4642
There is no “imported labor glut”. We are begging for labourers. Agriculture and meat processing, construction, all the cleaning industries, (janitors, car detailing, landscaping and all the piece work and factory labourers are in VERY short supply. Not everyone can do those jobs! They are very physically demanding. Do you think a middled aged white guy making five times as much with half the hours and a quarter of the effort is suddenly wanting to work construction???
Deporting immigrants is the stupidest thing EVER. It’s going to devastate building projects, food prices and EVERYTHING else!
Immigrants pay 96 billion dollars into SSI per year, and they can’t receive any benefits from it. It’s free money propping up SSI that will be gone. It’s lunacy.
He ignored him because ,he will cut their salary to help the big companies..
Paying a higher salary means socialism..
About time we saw some intelligence coming out of the US. Smart person. Great interview!
We sure need more lessons like this one. Keep them coming Amanpour and Co. 🙏
I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.
You haven't been a Wall Street trader for 33 years.
@@erickborling1302 nice retort
@@erickborling1302 And THAT was the most intelligent reply your minuscule intellect could muster? WHAT does being a trader have to do with VERIFIABLE FACTS? I've NEVER been a trader. I started out as a broker, and I've been an analyst since 2000. Traders get their lunch eaten.
@@ChadHuffman-m3u Evidently you like abject ignorance.
Entirely possible, while globalism is slow death, designed to enrich "investors". Who aren't actual investors.
Never vote for a cult leader!
never vote for a Fascist, but unfortunately those idiots did!, its good to know they were educated at Trump University and learned a great deal😂😂😂😭🤣
Not one person who I’ve talked to can name one thing that trump did the first time that helped any one out. Unless you hated your grandpa that died of Covid.
Finally, someone I can believe
Fantastic to see Rana again!
I'm pretty sure people will be ok....As long as they are billionaires.
prayers remove Donald Trump now 😊😊
Voters should have taken care of that😂, might as well go with the flow now.
Reagan tax-cuts were 1981. And the Reagan tax-rises were in 1983. Deficits grew and so taxes kept rising until Clinton's surplus. Trump tax-cuts added circa $6tn to the national debt in four years.
Reagan tax cuts were wonderful, it increased my take home pay, less federal withholding on my paycheck.
Clinton surplus led to a recession. National "debt" is a nonissue.
It’s not coincidence that the period of time referred to as the great prosperity ended when Reagan took office.
Reagan is solely responsible for the entire mess that we’re in today. The amazing thing is, Trump is going to be twice as bad for America.
Yup, Clinton booted people off welfare, into a job market while kicking off import of a cheap foreign no-legal-rights illegal labor glut and visa indentured workers.
Yeah, life was great under Clinton, because of revenue surplus, eh?
And the $2.13 an hour for tipped workers for the past 30 years has served the stock market well.
Trump inherited $350 million dollars and lost that and a total of almost $1 billion (that's with a B) in Atlantic City.
He has declared bankruptsy 5 or 6 times and has had dozens of failed businesses. Trump Airline, Trump Mortgage, Water, Steaks, etc., etc.
Let's listen to him tell us all how to improve the economy.
Shocking.
We learned that the Trickle down theory was garbage following the Reagan era. But Americans are bad at history so of course that lesson did not stick. And yes, we are very self interested and individually selfish. We are taught to be individualists and socialism and communalism are bad. Not surprised we are a country of selfish people
Exactly.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Could you please explain how beginners like me can start making this much
Last week, I tried trading on my own and ended up losing S$3K
I have Charlotte Junko Walsh to thank
She is a licensed broker and a FINRA AGENT here in the States.
Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
Trump’s Made in China merch will cost more due to tariffs.
Red hats excluded. For National Security reasons.
I've already stocked up on expensive stuff from China I will need.
The silver spoon draft dodger "trickle down" mafia Don will make "exceptions" with c c p for himself and politically connected friends. It'll be all "bend the knee or no trading with China for you!" Everyone else will pay put the nose with more "tariffs"
There will be an exception for all Trump merch. After all presidential running shoes, bibles and watches are a necessary staple to sustain human life.
Xi Jinping fondly remembers when Trump’s granddaughter Arabella serenaded him with a song sung in Mandarin.
Now i have recovered 90% of my lost money may Allah keep blessing her for me
Without a doubt! mrs Evelyn Infurna is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
hello from norway I'm retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife,$35k biweekly and a good daughter full of joy I’m forever grateful to Evelyn Infurna
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude
Where are all the MAGA comments? Amazing how reality discussions cause them to scurry away.
We're right here. Trump's plans will result in less welfare and more work for Americans.
They are getting ready to blame Obama.
PBS rarely allows comments....but I find her analysis somewhat on point......
I doubt that trump voters are on pbs lol
Right here... FRONT and CENTER... this woman is an IDIOT. She has ZERO clue what actual inflation is OR... that the Bidenistas are the cause of ALL of it over the past 3.5 years. Open up your eyes.
It is good to hear an intelligent and informed view on how the economy works. I am an optimist by definition and hope for the best; however I think we are headed for some pretty rough times. Gladly trumpism will fade away.
Breaking the supply chain immediately reduces efficiency and creates inflation.
"efficiency" for profiteering. Not efficient use of fossil fuels, local labor, collecting tax revenue for imported goods, etc.
If the plan is massive disruption of that, yielding living wage for the majority of citizens, bring it on.
@@buzoff4642 How long have you been on minimum wage ?
@@sarahann530 It's not about me.
All stock brokers, salesmen of real estate, autos, commodities like oil, gold, airplanes, engineers, and all high salary earners will renegotiate their earnings as $1 in base salary and ALL other compensation ( stock options, bonuses, commissions ) as “tips” which will be untaxed. It will make 1929 look like a slight downturn.
Agreed. The Supreme Court ruled that bonuses for CEOs will be regarded as tips and under Trump's plans, they will not be taxed.
Classic case of the rich get richer, and the poor get poorer!
Stop being a victim and start a business
@@baruchevenezra7279Yeah let's all start a business so no one ever has to work for anyone else.... Oh wait 😂😂
@@baruchevenezra7279 Why? To watch it fail? No economy can function when there are more business owners than employees, who make up the bulk of consumers. Soon, the majority of employees will be so poor they’re barely gonna be able to afford the bare essentials. Capitalism fails miserably in a subsistence- economy. Trump is gonna crater the economy… again. Guaranteed.
@baruchevenezra7279 listen to the interview.
The poor are poor for a reason.
Excellent interview!
Trump will balance the checkbook by cutting out Social Security and Medicare.
Sorry about that.
And Trump will blame Biden.
Well, catch 22 as a national plan.
Ax SS was kicked off by Reagan, to push savings into Wall St 401Ks, a mighty unstable vehicle to place retirement monies, inherently unstable due to market up/down, while retirement is a fairly fixed phenomena due to aging. Wage suppression suppressed use of 401Ks as SS replacement.
But then, a sharp turn to international "investors" made citizenry monies going to 401Ks less attractive to Wall St.
Lose/lose for the public.
@@stevechance150 Nothing did more damage to the general welfare of the public than importing an illegal and quasi legal labor glut.
It was the most aggressive and successful class warfare tactic, for purpose of wage suppression.
And that was not solely Biden. And that didn't stop under Trump 1.0.
Where on earth do people get this stuff?
You do realize you're spreading disinformation? I thought many people were against that?
Yes he will!
I wish I wasn’t smart. I would be happy and stupid
Yeah. All of these dire consequences laid out … I wish I could look away.
You can be smart and happy these days. You just have to turn off your empathy and only give an eff about you and yours. It's sociopathic, but it works.
I mean you've been wrong your whole life. Maybe you aren't as smart as you think.
@ Who are you?
@@mikewilliams6025 Wanna make a legit bet? Notarized and legally binding? Step TF up, Pippy.
Excellent conversation. If only the folks that voted for the president elect would listen.
They live it, she narrates it. Replay the video, stop at "the real economy", and give that a think. Then, when she mentions international investors, again, stop the video, and give that a think.
Summarily, she's saying the public as workers have been bled for benefit of national/international "investors". And they're not actually "investing", so much as bleeding workers of value of their labor. Because industry is no longer investing, as in conducting R&D, aka innovating.
@@buzoff4642 ya. That's why Reagan decriminalizing corporate stock buybacks was a big problem, without innovation or investment in their infrastructure companies buying their own stock just creates bubbles with nothing to back the high valuations.
We are sitting on a few bubbles that look like the 2007 housing market, Trump isn't known to be subtle and when things go wrong he'll say it isn't his fault and run away.
@@Pickn4Gold Ivy League 101: Never ever admit doing anything wrong.
unfortunately those who voted for Trump were educated at the prestigious Trump University!😂😂😂
It's hard to predict. We've never elected a demented, lunatic dictator before.
Actually we did in 2016. He just wasn't prepared then.
USA is 'doing its own research' into how to tank an economy.
@@jasonroberts5746. Now Dementia Don has a clear road and lots of help to drive us off the road.
So refreshing to hear from a real man of faith.
Thank you & keep up this important ministry.
God bless you.
Thank you for this stimulating conversation. The interviewer asked poised thought-provoking questions and Rana's answers were intellectually brilliant.
I like the book The Handmaid's Tale-The Americans will love it whether they like it or not
As long as it benefits him, Trump could give a flying fk about the average American.
I’m sure the MAGAs who continually claimed to pollsters that the economy was their top issue will all be eagerly clicking on this video. Right?
Yes. True
Yes. The one and only economist who dares mention "the real economy".
Yea, they hate Amanpour for sure! GLad I received a good college education, for I now will continue to laugh at those who fell for Trump!😅
No. They just follow what the boss says. They're not interested in learning about economics.
@@williamrossetter9430 Lots of college educated voted for him. Millions, who were replaced by visa'd workers.
Social security and Medicare are not entitlements it's what we pay for while working
Brilliant woman.
Yep, and many men would say she doesn’t know what she is talking about.
@@kathypirok-klein3413 She is the first clear eyed, articulate, fully informed economic reporter I've heard. Frightening news, but better we understand our situation. Of course she's with the Financial Times, not an American pub. I believe.
She knows exactly what she’s talking about. Wise words from this lady.
I’ve got a god damn backpack full of “I told you so’s” ready to be handed out to every jerk with a $70k truck crowing about gas prices
you got “I told you so’s” and i got Trump University diplomas to hand out in my backpack!!🤣😂😭
First time i’ve heard the us economy being described as a “distressed asset”.
RUclips Richard Wolff, he is an economist and goes into great detail about it. Great, well educated professor. You will learn a lot.
"What Will Trump’s Economic Plan Mean for American Wallets?"
Just like last time, it will mean the rich get richer, and the poor get poorer.
Very Interesting analysis . Guest sounds very informed
DonnieDim has ffed this up big time! Down hill from here!
This time around for the people that voted for Trump that will suffer, I will not feel any sympathy for you. If you did 5 minutes of legit research, you'd see he will screw you over on practically everything...
Wow wow wow. Incredible talk brilliant guest
She is so fundamental, pragmatic, and intelligent in her explanations.
How do you defend the absurd idea that recession/expansion is an immaculate conception and recession, like a volcanic eruption, is "overdue?"
@@erickborling1302 She did explain it. Hyped stock market is due for a "market correction".
Look up history on the tulip craze.
Easy - average of years between last recessions. You can also add in past specific polotical philosophies and upcoming announced policy ramifications. Not rocket surgery.
@@erickborling1302volcano ' trmors, ground movement, temperature, etc. Proven.
Great interview from Hari (as usual). This stuff should be required listening for all Americans. Generally seems like we’re screwed, hope all those Trump voters don’t have buyers remorse
Trump supporters are to dumb to know who’s screwing them!
I hope they do have buyers' remorse.
Play it again, Sam.
30 years at $2.13 an hour is a US national entitlement, bilk the poor? Keep importing a wage theft labor glut for industry, because they're barely getting by on record profits?
Play it again, Sam.
@@lauracohen4914 I was being sarcastic 😂 I hope they do too. As they say, “play stupid games, win stupid prizes”
@Izzlemcphizzle I'm sure many crazy things will go on with conspiracy theorists running the country, and many will keep listening to the crazy, blissfully unaware of the damage, until and unless it effects them.
Rana Foroohar is underrated. Her books are great. Try her book "Homecoming"
She thinks market cycles (i.e. recession, expansion) are an immaculate conception, which is an absurd position. There is no "we're overdue for a recession," as fiscal and fed policy are under our command. Clearly not a great economist.
@@erickborling1302 that must be why she’s being interviewed and you’re not
Touche!!😅@@ChadHuffman-m3u
thanks for the book recommendation❤
Listening to this interview I get a sense that Trump does not have an economic policy for the whole of the USA,. What he seems to do is 1; attend to his needs, 2; support his sycophants, and finally, 3; bread crumbs to the rest.
Yep
For decades, the US has not had economic policy for the whole of the USA. It has had economic policy for benefit of the elite, Wall St.
For decades, the US has not had economic policy "to promote the general welfare". The very purpose of governance, according to the declaration of independence.
@@buzoff4642. I think that explains precisely what she was predicting,
for our near future, on steroids…
@@buzoff4642 And it’s only gonna get much worse under Trump. Mussolini called Fascism the seamless marriage of corporate and state power. Guess where we’re headed under Trump.
The real America will prosper, the cities pay dearly as us fitting for dumb city dwellers 😂
JOBS for ALL. American AND immigrants, they built our country. BRING THEM in, let them pay taxes, let them produce goods and services,
Castles in the air.
Increased costs and you think you will get more jobs?
Sure..... keep praying
And what are native-born Americans going to do for work?
I’m just confused to how you don’t know they do PAY TAXES!! Who are you one of the ignorant ones?
@@Lauranessa1 Low wage, under the table, and no wage (wage theft) don't pay taxes. Have you never looked at the tax tables in the annual IRS tax instruction book?
Great information and discussion, thanks very much!
The question should be asked why Harris and her team weren't getting advice from economists like Ms. Foroohar to provide the electorate with financial education like this. I think most people would have understood that a great deal more than the price of eggs and gas was at stake.
When you're just getting by and suddenly can't afford rent and groceries, you really don’t care what some fancy economist has to say about it. You just want someone competent to come and fix it.
Simple. Voters dont think like that
@@fibhufky who is competent? Trump?
@@charlesndo3148 People compare how they lived during his first term and now. People feel they got impoverished in the last 3 years. Blue collar wages dropped. College graduates with STEM majors can't find jobs. Young people especially are suffering.
She said over and over at her rallies, etc. what she called the Trump Tax on goods. She told people that everything from shoes, phone, clothing, etc. would have this 10 to 20 percent tax hike. I heard her say this over and over! The problem is that many Trump supporters likely did not want to hear what she had to say. Their minds were made up , they are voting for him no matter what. People in the US are woefully misinformed and it is all about vibes.
Lets see who the Trumpers blame everything on this time when shit hits the fan.
The Biden administration.
@@paulward5491 yeah, but first Trump’s gonna try to take credit for all the good Biden has done. It will carryover into his term for a little bit, before it all comes crashing down on him.
It's already hit the fan, for Trumpers.
The likes of you haven't paid any attention to their demise.
Hence, Trump.
Pick up a mirror.
They'll conjure even more scapegoats. The "trickle down" "maga" Extremists are extremely dangerous cult like regimes of 1930s they have to conjure endless scapegoats
...immigrants....the 'bad guys'...China...the cartels...etc, etc, etc...
Right after Trump's win, the stock market had a big "sugar high," then almost immediately started falling. I'm guessing the market is in for a huge nose-dive.