In this video, Paul Gabrail and Mo Hussein will be busting the myth of a rising consumer debt bubble. We’ll talk about how to invest in this current market, react to a video from CNBC, and give our thoughts on soaring credit card debt and store incentives as of late.
#creditcarddebt #bubble #stockmarket
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–Video editing by Justin Nelson–
Robotics is slowly returning manufacturing back to the country. Need technicians to keep those running.
In a short period of time we went from record high savings to record high credit usage and no more record high savings. That’s bad. The irrelevant facts Paul is throwing out are distractions from the obvious fact that we’re facing difficult times.
Paul's comment at the end that he thinks it is great that we don't make anything in this country and that it is good that the US doesn't need to produce things. Saying that we have jobs that are service oriented and better on the body and health. This is the stupidest comment I have ever heard him utter on his channel. As a nation, it is essential that we not be dependent on other nations for essential products of all kinds. Look at the energy crisis we and Europe are in now and how that destabilizes the country's safety and security. We can have trade sure, but to not be self sufficient in our manufacturing is not a good idea.
Saya telah selesai menunggu untuk pendahuluan anugerah kerana saya memperoleh $23,000 setiap 12 hari pelaburan saya..
The other guy should be the main host
Hi! I found very interesting your perspective about US having outsourced manufacturing as a positive development. I would love you to hear your whole idea for that matter. Cheers
I do agree with your point about outsourcing manual labor and how it relates to the US economy. However, the one point that is important to keep in mind that this is great in good times/open markets. The risk to the US economy is greater if for some reason the US would be required to be self sufficient. Now will we reach such a future where this will be required? I don't know, maybe maybe-not, but a lot needs to happen for it to occur. Or if the world turns on us for something our country does like it did Russia (I know there are reasons for it, just giving a hypothetical).
The savings rate actually includes saving and investing. Without going into too many details, the savings rate is a rough calculation based upon how much revenue consumers receive versus how much they spend. The rest is presumed to be saved/invested.
Media are fond of reporting raw numbers devoid of context. Billions shock, even though they may be only slight upticks. Completely agree with you.
I came across your channel a few months back and it has been a great help to me. Although I don’t grasp everything the first time I hear it I find my understanding growing more and more. I am watching a video or more each day and enjoy the morning show and the deep dive shows. If possible could you please do a deep dive on FTCH in a future video? Thanks for all that you do for I have seen the difference in your channel and others I have watched in the past.
So for me specifically I have like 10 credit cards and 4 of them have 0% interest rates for like 20 months… the other 6 I pay off at the end of the month… I’m sure most ppl aren’t a savvy when it comes to using there credit cards to there advantage in this way but maybe that is a reason.
One point about outsourcing manufacturing: it's one thing if you are making nails. It's another thing entirely if you are making phones, or EVs. Yes it's cheaper, but at that level you are paying for it with a technology transfer (intended or not).
I got my credit cards completely to zero this week, I am employed and focused on padding the emergency fund and dollar cost averaging in the market
Hey. It would be great if you do a research about the derivative debt bubble, where some analysts says is like LTCM fund case, but 100000 greater and redemptions allegedly wont be fulfilled.
The consumer is strong…
I'm a noob! Is there a video or other tool you have used to illustrate the rise in alternative assets as "savings" for younger generations? Is the "savings" rate charted based on traditional savings account balances? If so, are there alternative charts that track alternative savings methods?
Thanks for all you do. Cheers!
@ 6:02 No, interest rates! interest rates have been below 1% for over 13 years and I'll bet the average interest rate over the last 20 has been ~1.5%! who would/wants to save money with that economic incentive? Nobody, there is no real reason to save any significant money @ a 1.5% average 20-year interest rate and you have all the incentive to spend it instead! When you are under a cheap money economy, you spend it because there is no reason to save it! that's why people haven't been saving, and them not being able to is a related but separate issue.
YOLO- max out those limits! Just joking. I can never tell how much time to invest into research. Often, I feel like after much research, I return back to almost the same place as I started. I may know a bit more about this number or that number, but in the end there is still so much unknown that it seems I’m not any more confident about what the market may do in the next 6 months. In fact, I’ve found that the more I learn, the less willing I am to try to forecast anything. More and more I find that I would probably do better by not wasting my time researching and instead just cost-average into the market and spend that time on a more active, healthy hobby.
Is this an episode of dumb and dumber? Try an educated guess or uneducated rather than “I don’t know” on every question ?
Ronaldo hasn’t signed anything
Saving went down in half because purchasing power is way lower and people aren’t actually making more purchasing power.GDP is up because they are saving less and spending more . As gdp grows savings will decrease that’s my guess
Great video Mo and Paul ??
The household debt includes mortgages. So 93k per person, the average house price in the US is over 340k. Sounds like a lot of equity in properties.
Thanks for the weekend vids 🙂