Why The Average American Feels Poorer In 2024 x Dan Frio

"the United States economy is about to drive off of a cliff and it was a very interesting analogy because what he said was uh the United States economy is essentially driving at 60 miles an hour and we see this Cliff ahead of us we don't know exactly how far it is but he says maybe 10 years away but we have this Cliff coming and we just keep driving towards it"

"if people start to really devalue the currency or start to lose trust in the dollar in the United States economy that this would create chaos not just in the United States but in World Markets because we have so many foreign investors keeping their wealth and dollars in the United States dollar"

"the United States government has a 30 plus trillion dollar national debt"

"I know the United States stock market is going to crash when I have no idea"

"I have a system where every Wednesday money leaves my check-ins account and it's automatically invested into my portfolio of ETFs so these are things that give me exposure to the broad stock market to Innovation to Emerging Markets the S&P 500 dividends whatever uh that happens every Wednesday I don't care if the Market's up if the Market's down I keep buying the only change that I make is when the Market's uh crashing i' just buy more aggressively"

"on the supply side we still have a very low Supply or inventory of homes available for sale"

"low inventory of homes keeps home prices High"

"they say that they want to cut interest rates ideally sometime in 2024"

"Jerome Powell and his most recent meeting said that he's not cutting them in in March maybe May uh he spoke on 60 Minutes uh just yesterday and kind of hinted that maybe the second half of 2024"

"the Federal Reserve Bank raised interest rates 11 times uh between 2022 and now"

"Jerome Powell has said and made it very clear that he is expecting unemployment to rise and kind of needs unemployment to rise he's talked about how he wants to see the labor market soften"

"the inflation that we're seeing today is on top of the 2023 inflation it's on top of the 2022 inflation it's on top of the 2021 inflation and people's incomes have not kept up year-over-year"

"the Federal Reserve basically wants you to lose your job so you don't have a job you're not making money to buy stuff"

"every time they've basically signaled or or you know opened up their hand a little bit their their playing cards to us and they said you know that we might you know reduce rates or whatever the stock market goes up instantaneously that day like 1%"

"buy the rumor sell the news and what what that means is now when it comes to interest rates there's a lot of rumors about interest rates being cut and what you generally see is people get excited about the idea of interest rates get cut because that's kind of the rumor and then once the news happens well everybody already knows about it and how much more room is there right because the stock market is all emotional and it's based off what people think is going to happen in the economy and by the time you hear about potential interest rate Cuts coming people have generally already priced in the interest rate Cuts"