| Title | : | Recession In The U.S. Is Almost Inevitable, Says Business Cycle Analyst | Eric Basmajian |
| Lasting | : | 1.17.21 |
| Date of publication | : | |
| Views | : | 19 rb |
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Today’s interview is brought to you by YCharts For a free trial and 15 discount on new memberships, visit goychartscom/forward-guidance Comment from : Blockworks Macro |
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I really appreciate the dedication in each video you post Despite the dip in crypto, I still thank you for the level-headed financial advice I started crypto and forex investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio Thanks so much Mrs Elizabeth Cox Comment from : Jessica Aspada |
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A downgrade in the US dollar's value can lead to higher imported inflation With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances My portfolio suffered a big hit, holding it further won’t be any good I've heard of people who have made up to $250K in a matter of months and I'd like to know how Comment from : Legado |
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Why is every video on your channel about the economy crashing? If everything is always crashing, how is this going to be useful? Comment from : Morongo Valley |
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Equipment Rentals in Effingham, Illinois have dropped off to near zero in August and September, new construction is zero now Comment from : Association Of Metaphysical Stores |
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its an inflated recession, weve been in it since covid started Comment from : J Phone |
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Obviously this is purely anecdotal, but I recently moved out of a fairly large apartment building in the DC area I can tell you with 100 certainty that I have seen Hello Fresh deliveries drop by at least 50 percent The guy from UPS used to spend nearly an hour JUST delivering boxes of Hello Fresh throughout the building, and when I asked him about 3 weeks ago he said he finishes in about 20 minutes now I have also noticed that people have reduced the frequency of cleaning services On my floor, at least half of the people had cleaning services once per week Before I left, most people on my floor had reduced it to once per month These are people will government jobs with essentially no risk of job loss, yet they are still reducing spending Note, this is prior to student loan payments resuming Comment from : Summary Judgment |
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IMO, the soft landing already happened 18 months ago ish We're on to something new Comment from : A |
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The thing I feared the most has come upon me ha Comment from : Keith Mahorney |
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29:30 "It's the level Not the rate-of-change As in the level of the rate-of-change Not to be confused with the rate-of-change of the level, which would be a rate-of-change not a level Oh, wait, they're the same thing" :) Comment from : Jonathan Baxter |
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After I graduated, I realized school taught me nothing about money So I began trying to educate myself When I found the book ‘the Richest Man in Babylon’, I learned everything about money that I was not taught Also started watching videos like this Thank you for making this! So much to learn! Comment from : Andrian Wiener |
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The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance It's obvious we are headed for hyperinflation,it is always the poor who take the hit Comment from : virak chhen |
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The only reason we haven't already seen a recession is the absolutely insane and unnecessary criminal fiscal abuse and country bankrupting deficit spending by the senile ole joe admin and the demcorats over the last 3 years in direct opposition to the Fed's efforts to slow the demand side of the economy in order to give the supply side normal free market time to catch upbrbrto quell inflation,brbr(the inflation caused by the absolutely insane and unnecessary criminal fiscal abuse and country bankrupting deficit spending by the senile ole joe admin and the demcorats over the last 3 years) Comment from : JCGoogle |
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For first-time investors, it cannot be stressed enough how important it is to invest hard-earned money in the stock market rather than a bank where interest is guaranteed! The market appears out of control, the times are unpredictable, and the banks are deteriorating Could there be a chance for a boomer like me? I'm working on a rough estimate of $5M for retirement, and I have a healthy six figures saved up for this I'm almost 60 Comment from : Harper Clark |
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Totally awesome content Jack, I just listened to this one as a podcast - thanks to you and Eric ! 👍💛 Comment from : Dave |
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The erosion of my financial reserves due to inflation adds to my concerns At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio What’s the best way to take advantage of this current market? Comment from : Charlotte Smith |
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This guy is clueless on macro 😂 Comment from : Brett |
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I like his idea about the next project that doesn’t get done that leads to layoffs this makes sense in our gig economy Comment from : Sew’n Sew |
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Not sure if this is a factor But Chase increased my credit card limit by 15k this week I didnt ask them 2 But they did Does this mean they arent concerned about the economy? Or does it mean nothing? Comment from : backrack01 |
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You didn't ask him the most important question of all How accurate can his model be if the gov't data is "cooked" ?? Comment from : champstar9669 |
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Eric Basmajian is an OG of economic cycles as schooled by Dr Lacy Hunt I take seriously everything he has to say, and he is very eloquent in saying it all! Comment from : youthemannowdog |
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Excellent discussion Comment from : Justin Anderson |
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Add to what Eric is saying … rising geopolitical instability and with our internal politics as well Comment from : Jeff Buderer |
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A lot of choppiness in the video Do we really need non stop talking without a pause or hesitation? Comment from : Jonah Leon |
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Most of the middle class would say we've been in a recession since March 2020 and the little sugar high in 21 was simply stimulus circulating The real economy- the stuff that matters, is still lower than forced covid shutdown mistake Comment from : Brent Hazel |
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I am certain that a recession will happen sometime in the future Comment from : Kaipo 808 |
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Great interview This is by far the best explanation of the business cycle that I've heard Comment from : Rachel Rockafellow |
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The high level of inflation in the US today is skewing the figures this time If real inflation is say 11 but GDP is up 10 that is a real contraction of 1 Comment from : Will Skol |
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Thanks guys Comment from : Batman |
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I think we are too obsessed about the economy crashing In the right sense, the economy never crashes It just undergoes cycles, and almost always recovers So I really don't care what the predictions are I just want to grow my portfolio I read that people are pulling in massive profits despite the downturn Any tips on how they do it? Comment from : Theressa |
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Rather than attempting to predict future recessions and risking financial losses, a more effective strategy is to build a well-diversified portfolio that can withstand various market conditions This approach has allowed some individuals to consistently generate substantial returns, averaging around 150K every quarter as reported by Bloomberg Comment from : Patrick Brussels |
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Bla bla bla, everyone is talking nonsense since last year, that’s why I like this show the most, because show to everybody how wrong are all of these gurus in macroeconomics 😂😂😂😂 Comment from : The Libertarian |
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I don’t believe the data regarding MF housing In 2023 institutional MF developers cut their development pipeline by 25 to 75 We will see the impact of this in late 2024 New starts cannot be flat to up in 2023 Comment from : Drew Friestedt |
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Far too much government data is proven false and misleading by the continuous significant revisions Comment from : Mark Shinnick |
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👍I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000 I just need creative ideas to afford my retirement🚀🚀🚀 Comment from : Tyshawn Alivia |
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EPB is solid!!! Comment from : Winston Smith |
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Hasn't this guy been saying this for years? A broken clockSo one day he will be right Comment from : The Observer |
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There will be no official recessionthose days are gone Comment from : 5FmUke |
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Biden is cooking the books Comment from : Mike |
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Thanks for the conversation, Jack! It's been impressive to see the growth of your show Congratulations on your continued success! Comment from : EPB Research |
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This is not good Comment from : Letícia Fernandes Cardoso |
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Blah blah blah, useless guest Comment from : Mike |
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EBP MACROOOOooo (research) 😁 Comment from : Joshua Cheng |
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Jack, you get the best guests! Thank you Comment from : Dave Alexander |
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Man, 3 months ago, 6 months ago, 9 months ago this guy gives the exact same talk Comment from : Ro Macro |
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He's crying wolf! Comment from : terry tibbs |
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What metrics do you use to define a recession, it runs in my mind that the government just changed that didn’t they? Comment from : Dan Dunham |
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Eric really does intricately understand the business cycle and leading/lagging indicators Comment from : Dave Alexander |
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This is still the most anticipated recession of all time Comment from : Drew McLeod |
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Insightful episode! Comment from : AlphanomeAI |
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Almost Inevitable? Meaning not completely certain Welcome to reality Comment from : Steve B |
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great guest Comment from : J N |
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Thanks for continues updates👍I'd rather trade the Crypto market as its more profitable I make an average of $34,020 per week even though I barely trade myself Comment from : Mube Darbe |
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If recession doesnt happen my shorts are screwed Comment from : Aleksander Szczerbakow |
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