Freight Recession: The Hidden Crisis in America's Economy
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 5 July 2024
⏱️ 14 minutes
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| 0:00.0 | Hello fellow rebel capitals, hope you're well. So we have one major industry in, well, maybe potentially many, but one in particular has gone into a recession. It is official and this begs the question, is this a reflection of the |
| 0:17.1 | overall economy? So what we're gonna do is we're gonna look at what industry has gone |
| 0:21.4 | into recession, a significant deep recession, and then also look at what's |
| 0:29.0 | going on with full-time labor, full-time jobs. We talked about it earlier on the video where we discussed the new jobs |
| 0:39.9 | data but we need to take a little bit deeper dive, so then we can connect these dots. |
| 0:47.0 | And I think you'll find this very interesting. |
| 0:49.5 | Let's first and foremost go over to the industry I'm referring to most of you probably guessed by the |
| 0:54.6 | thumbnail and I want to shout out pristine detailing so thank you very much |
| 1:00.9 | pristine detailing. |
| 1:03.0 | He or she is giving us some boots on the ground Intel. |
| 1:06.7 | They say, I had a customer come in with a semi, |
| 1:10.7 | and he said it's been bad for months and Josh we don't need to name any names but he knows |
| 1:16.4 | another person that is in this industry and they have been telling us for months now |
| 1:21.0 | that they see their top line revenue really |
| 1:25.0 | really shrinking fast. So let's go back to this story from Business Insider |
| 1:30.4 | America's Freight Recession is showing no signs of ending. |
| 1:35.9 | In fact, what they say is it's actually getting worse. |
| 1:39.0 | So the freight industry is still rolling through |
| 1:41.3 | a recessionary downturn and more time is needed for the sector to kick into high gear. |
| 1:47.0 | How do you figure? More time is needed. I've got bad news for you, my friend. |
| 1:51.0 | I think the more time that passes the deeper |
| 1:55.6 | recession you're going to be in assuming we're looking at the next year now |
... |
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