"The Economic Boom Is Just Getting Started"

"Apollo Global Management says that the economic boom is just about to start."

"Meaning, he believes that we are right over here. And that's why in this video, I want to go over why Apollo Global Management believes that our economy is about to take off and what this can mean for you and your investments."

"But now that the trade deals are established, the economy is set to boom again, which is the other part of this Nike swoosh."

"And according to the chief economist at Apollo, our economy is set to grow."

"Not a recession, but a Nike swoosh where we have a slowdown over the next several quarters and then we start to recover again."

"Number one is that our growth slowdown has been contained, which is why we have not seen a recession and why he does not believe that we're going to see a recession."

"And now the question on everybody's mind is what's going to happen in 2025 and what's going to happen in 2026 and beyond."

"We ultimately won't know, but this is where, according to Apollo's chief economist, we will start to see more growth in 2025 because we finally have some trade deals established and we have a more better outlined plan on what's going to be coming with government policy."

"And according to the Bank of America report, Americans are spending slightly more money in 2025 than they did in 2024."

"And when you couple this, the spending that's still happening along with this growth, which has cooled, but it is not a recession. These two things signal a growth in the economy."

"And now because of the trade deals because of the new government policies because things have finally started to turn that corner here in this Nike swoosh Apollo says that this is the time where we're now going to see this growth happening"

"America's entering a debt death spiral."

"Meaning, he believes that we are right over here. And that's why in this video, I want to go over why Apollo Global Management believes that our economy is about to take off..."

"But now that the trade deals are established, the economy is set to boom again, which is the other part of this Nike swoosh."

"And according to the chief economist at Apollo, our economy is set to grow. Not a recession, but a Nike swoosh where we have a slowdown over the next several quarters and then we start to recover again."

"And more specifically, he highlights three major reasons why he believes that our economy is set to grow on the second part of this Nike swoosh. Number one is that our growth slowdown has been contained, which is why we have not seen a recession and why he does not believe that we're going to see a recession. Number two, he says that Americans are still spending money. And number three is because he says that our job market is still strong."

"The economy is not tipping into recession territory. It's just softening after years of outsized gains."

"So, we are starting to see a lot of predictions about either the United States going to shrink in 2025 or it's going to start growing 2025 and further in the coming years. We ultimately won't know, but this is where, according to Apollo's chief economist, we will start to see more growth in 2025 because we finally have some trade deals established and we have a more better outlined plan on what's going to be coming with government policy. So, there's less uncertainty."

"And according to the Bank of America report, Americans are spending slightly more money in 2025 than they did in 2024. Credit and debit card spending per household increased 0.2% year-over-year in June compared to 0.8% year-over-year in May."

"lower income household spending growth is particularly soft with their total card spending growth negative year-over-year."

"So, we have some interesting news here where it says, yeah, growth is slowing, but it's not going into recession. And then we have spending which is cooling but it's still strong. And then we have the job market which is also cooling but is still staying strong which seems like a lot of butts but this is where what Apollo is saying is we are seeing a slowdown but the reason why we're seeing the slowdown is because we saw such huge growth post pandemic. So we saw that natural slowdown that we have been facing and now because of the trade deals because of the new government policies because things have finally started to turn that corner here in this Nike swoosh Apollo says that this is the time where we're now going to see this growth happening"

"America's entering a debt death spiral."

"However, when debts rise relative to incomes on a chronic basis for a long time, so as it rises, right now for the US government, it's almost a trillion dollars a year that goes to interest payments."