So here we go. Following two consecutive quarters of negative GDP, which is literally the definition of a technical recession, it seems that things are about to change. The U.S. Department of Commerce is going to publish Q3 GDP figures today and the expectation is a positive 2.3% GDP growth. That would be huge, after a negative 1.6% in Q1 and negative 0.6% in Q2, but does it mean we can celebrate? The politicians and mainstream media will tell you it is. The same people who told you 2 negative quarters of GDP is not a recession, will now ironically use the opposite argument to claim a recession is not going to happen. So, will they be right? Is this the end of the recession fears for 2023? I mean If the GDP is growing again, well that means a recession is not happening right?
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DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
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DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
I’m impressed with your handle of English as a Russian immigrant. I would never think you’d understand the expression “canary in a coal mine”
Thanks for keeping it real Tom.
First companies buy ads on google not people…savings rate compared to the middle of covid and the massive government give away programs…if you wanted to be honest you should compare pre covid numbers
With the savings rate dropping as fast as you say, the less effective interest rate hikes are in terms of arresting inflation. There is no point in persevering with interest rate hikes when its becoming clear that their effectiveness is diminishing. Unfortunately, the one aspect that is not diminishing is the ability of interest rate hikes to cause havoc on the economy. Fed needs to wake up. Inflation is high because there are so many factors outside the influence of the FED – so they should put away that popgun and start acting like adults.
We always need a good talk.
There is a absolutely no reality where GDP is up this Q. So bote the that the White House are turning the screw ahead of the election and the market won’t buy it
Tom explains the canary in a coal mine simile but doesn't explain his sports metaphors half the time 🤷♂️
Great Vid!
Gotta say Tom the podcast channel has been ON FIRE recently man, great content for literally 0 dollars, 0!!!
Tom i love you but im not i. Love with you
Doesn't Apple changing targeted advertising to opt-in play a role in FB and Google ad revenue miss? Not the US economy.
7.77%
The inflation rate in 1980 was 7.77%. The inflation rate in 2020 was -0.02%. The 2020 inflation rate is lower compared to the average inflation rate of 0.85% per year between 2020 and 2022.
¥100 in 1980 → 2020 | Japan Inflation Calculator
Economist Richard Koo wrote that Japan's "Great Recession" that began in 1990 was a "balance sheet recession". It was triggered by a collapse in land and stock prices, which caused Japanese firms to become insolvent.
Lost Decades – Wikipedia
Oil crisis
Japan faced a severe economic challenge in the mid-1970s. The 1973 oil crisis shocked an economy that had become dependent on imported petroleum. Japan experienced its first post-war decline in industrial production, together with severe price inflation.
Economic history of Japan – Wikipedia
In the 60's and early into the 70's, everything we bought was stamped Made in Japan; and at that time Made in Japan was synonymous with cheap; both monetarily and quality. And with the prosperity, the govt. abandoned common economic sense. Then in the 70's & 80's they were stuck with low interest rates. When ever they attempted to raise them, and they tried many times over the years, their economy would tetter on collapse. It was a "damned if you do, and damned if you don't" scenario. Just like we are here today. By 1990, land and stock prices collapsed in Japan and they had their own Great Depression.
I miss the “don’t buy nothing, don’t click nothing, don’t smash nothing” Tom
The funny thing is that I still wait another year for my MS . The economic issues doesn’t affect a tiny of my living standard
Gee, what a coincidence! This administration will put out a "good news" GDP report just before the midterm elections, so people think they have everything under control. Just cook the books a little. Lying bastards.
Woke power. Let's go brandon.
Tom, you didn't tell us to buy nothing this time!
TOM CASH Merch Store: Confirmed
They sell mostly goods and people spend on service now. That is the story here. I seldom see any hotels or local restaurants ad on YouTube or IG.
Cutting down on advertising it’s done by companies who’s CEO’s don’t know any better. Advertising is what drives sales.
With the earnings for large players mostly slowing across the board, the lower savings amounts in American bank accounts and a large recession right around the corner, should the FED not consider either a slowing of rate increases if not a full on pause? All of these are natural deflationary pressures so where would the benefit come in to further suppress the economy? I’m not calling for a fed u-turn but possible a slowing. Does this make sense in your mind?
Would love to see Meta run to the ground🥹