ilmscore | Economic Slowdown 2024: What They’re Not Telling You

Economic Slowdown 2024: What They’re Not Telling You

Published: 2024-07-09
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The US economy is officially slowing down in the second half of 2024.
"as we're in the second half of 2024 it's a very different story with our economy now officially slowing down"
Economic Slowdown
Pending
Based on current data, the economy is not shrinking, but rather growing slower than before.
"Based on the data that we have today the economy is not shrinking it's just growing slower than it was before"
Recession Possibility
Pending
Economic data may be revised in the future, potentially indicating that a recession began earlier in 2024 than initially reported.
"our economic data is often revised backwards meaning if 4 months from now The Economist realize that our economy was actually slowing right now in 2024 well then they can backtrack this data and say that the recession started sooner"
Economic Data Revisions
Pending
Americans are increasingly seeking discounts, saving money, and spending less, a trend not seen in previous years.
"for the first time in years we're seeing a trend of Americans looking for discounts people looking for ways to save money people looking for ways to spend less money"
Consumer Spending Shift
Pending
High inflation and interest rates are forcing Americans to acknowledge they can no longer afford their previous lifestyles.
"this inflation and the higher interest rates are finally starting to burn a hole in the American people's pockets to the point where people are saying I can't keep affording the same lifestyle that I had before"
Inflation Impact on Consumers
Pending
In 2024, the US government's interest expenses surpassed those for Medicare and military spending, a historical first.
"in 2024 for the first time in the history of America the government's interest expenses now are larger than Medicare and it's even larger than our military expenses"
Government Debt Interest Expense
Pending
It is possible that within our lifetimes, the government may need to borrow money to repay its existing debt.
"it could be in our lifetimes that the government has to borrow money in order to pay back its debt"
Government Borrowing for Debt Repayment
Pending
Economic downturns historically create significant investment opportunities for financially educated individuals who have cash reserves and knowledge of what to buy.
"every downturn in the history of time has created more opportunities than really anything else when the 2020 pandemic hit stocks were crashing and many people were freaking out but it also created an amazing investment opportunity for the people that were financially educated meaning prepared that had money and knew what to buy"
Investment Opportunity in Downturns
Pending
Stocks, real estate, and businesses have been the top three asset classes for wealth creation over the past century.
"three asset classes have built more wealth than anything else in the last century stocks real estate and businesses"
Key Wealth-Building Asset Classes
Pending
To determine if a company is overvalued or undervalued, compare its financial metrics to those of other companies within the same industry.
"A simple and basic way to understand if a company that you're thinking about investing in is overvalued or undervalued is by comparing these numbers from one company to another within the same industry"
Company Valuation Comparison
Pending