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24 comments
You always have a great analysis and updated contents. Thanks mate!
Yeah those few weeks of bonus $600 made most of us all millionaires so inflation is high right now and anyone worth under $10 million is a pleb now. They need to take our money back so that we can get this inflation under control.
Ben, normally, I thoroughly enjoy your videos but, on this occasion, I was actually annoyed. My annoyance was not at your financial breakdown of the economy but rather the fact you mocked President Biden. The United States is a whole lot saner since he became president and Trump left office – though with much reluctance. The GOP party is a disaster where they are promoting election conspiracy theories they know to be pure fiction in their pathetic efforts to curry favor with Trump's fan base. We have have domestic terrorism, white supremacy and gun violence at an all time high due to a radical right movement that the GOP supports. Remember, it was Trump who called COVID "The Kung Fu" and "The Wuhan Virus" and the biological weapon released by the Chinese government. His remarks has caused a deluge of anti-asian sentiment and asian hate crimes have climb 600%. Despite this, 164 Republican members of Congress voted against a resolution denouncing hate incidents toward Asian Americans during the pandemic. Isn't your wife Chinese? Aren't your children half-Chinese? I am Chinese-American. I was born and raised in U.S. but I have people tell me to go back to China. Ask yourself how eager are you to have GOP leadership back in the U.S. government.
Believe it or not Ben but money isn't everything! High moral standards are more precious.
Just invested another $1000 after the news.
Great video! I feel like this is a great time to dollar cost average into the market while it drops as long as you don't need that money in the short term. Staying in the market for a long period is always the best method, so I consider the money I invest to be gone until I retire and that has worked out well for me!
I knew you had a political opinion, and I respect it because it's been very subtle and I enjoy the content, but honestly first video of yours that I honestly felt a bit unwelcome with all the political jabs.
Geez…i haven't been following, but DOGE got DESTROYED
I’m so glad I was able to buy our home a few weeks ago at 4.8%
Your inclusion of questionable politics left a really bad taste in my mouth. Sure deregulation makes the market surge because billionaires get to rip us off without consequence. That’s deregulation. It’s only good for the rich, so that’s pretty telling of your stance.
Oh and so glad to hear you hoping for a republican victory. They’re only the party of election deniers and white supremacy, but hey none of that will directly affect a rich white guy like yourself so why would you care. I’m sure the tax breaks ease any conflict of conscience that you might have. Honestly disgusting.
Have you considered trading currency? The yen right now is down like 30% you can pretty much bank on it recovering at some point
Excellent video, easy to understand for most gen Z and millennials.
imho, I don’t think this will be an ordinary recession, as we keep printing money, which will continue to fuel inflation, even though the federal reserve raised rates 75pts and probably another 75-100 in a couple of months, with so much liquidity, even if unemployment goes up 5%, it will take a year or two to slow down inflation, which btw, has more to do with greed than economics.
Sadly, the first people to experience the effects are the same people that can’t afford to buy a house, a car, or rent if it keeps creeping up.
Lastly, the most important lesson that individuals and families can learn from this is that you have to have enough savings to cover all your investments/assets, in a year or two the stock market will hit new highs the ones that will benefit are those that didn’t have to cash in their portfolios.
If this is your first recession, good luck, if it’s not, hopefully you have the tools and means to come out relatively unscathed.
Fingers crossed we are all wrong, and is nothing to worry about.
Thank you again for a great video.
The 0.75% Hike is NOT Enough… must be at least 3% in 2022…
They should have raised them by 1 or 2 points, that's what's needed to help curb inflation. It's ALWAYS a great time to invest!!
Phew, so glad Republicans are going to fix all our problems in the fall. So sick of this Partisan bullshit. The 2 party system sucks. Lack of term limits suck. Superpacs suck. I get that you consume a lot of right wing media as its apparent in your talking points, but its not as simple as you are making it. The sad reason the stock market will stabilize in a mixed government is because nothing gets done. No surprises. But also, no infrastructure plans, No help protecting our children, no progress on anything. Its a bullshit system.
Getting tired of all your political bullshit. Just stick to finance and credit cards or I’m done.
I highly recommend dividend stocks, I just sold my gme for over $40k, and spread it into stocks that I learned about from Dividend Bull. He does a lot of in depth analysis on each stock, which I then do even more.
Keep these videos coming !
Crypto is just digital beanie babies for gen z
Great Analysis Ben. I feel that this recession will definitely last a couple of years… I love seeing the folks who are still on denial about the current state of this country.
Me with 20+ years to retiree: Buy, buy, buy, …buy.
People with 2 years to retiree: "Nooooo!"
Fun Fact!
Since 1945, the S&P 500 has averaged an annual gain of 11.2% during years when Democrats controlled the White House, according to CFRA Research. That's well ahead of the 6.9% average gain under Republicans.
Great video Ben!
Horrible little nerd weasel.