ilmscore | She Blames MAGA For Her Debt | Financial Audit

Predictions from this Video

Total: 6
Correct: 4
Incorrect: 1
Pending: 1
Prediction
Topic
Status
The long-term economic effects of tariffs take a considerable amount of time to manifest and filter through the economy.
"the effects of tariffs for like a decently while it takes a long time to filter through the economy."
Economy and Politics
Correct
When interest rates are as high as they are, statistically, a recession is likely to follow.
"when interest rates are this high compared to, you know, the average of interest rates in the past decade or so, when they're this high, statistically a recession follows."
Interest Rates and Recession
Correct
Subleasing a space for $7,300-$7,400 per month that was originally rented for $1,500 will result in a financial loss.
"Good luck. No one rents something for 1,500 in sub leases for 7,300 400 a month. That is not. You will lose money."
Rental Market and Profitability
Incorrect
Paying off credit card debt with minimum payments only, without additional purchases, could take 32 years.
"No, it's 32 years."
Credit Card Debt Repayment Timeline
Correct
High interest rates discourage people from taking out loans for home renovations, leading to a decrease in such investments.
"people borrow for home renovations. Interest rates are still high even though they've come down a little. Even still, people are less likely to invest in renovating a house when interest rates are high couple years."
Economic Slowdown and Renovation Spending
Correct
Leasing out seven units for a salon suite business when the economy is down and the current business is failing is unlikely to be successful and will likely result in financial loss.
"No, you will lose money. If your business is failing because the economyy's turned down, you're going to think you're going to lease out seven units. This is not going to overturn."
Salon Suite Business Strategy
Pending