Is the Economy Falling Apart? The The Alarming Signs About Unemployment
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 17 September 2024
⏱️ 37 minutes
🧾️ Download transcript
Summary
To see the charts referenced in this live stream replay, follow this link: https://bit.ly/3MOVja4
• • •
Visit Ken's Bookstore: https://kenmcelroy.com/books
• • •
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
• • •
DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
© 2024 KenMcElroy.com, LLC. All Rights Reserved.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Right now, the economy seems to be falling apart. |
| 0:03.5 | Things feel uneasy, and we keep being told things are good. |
| 0:06.8 | But it's interesting right now, you know, because what we do know is unemployment is going |
| 0:11.9 | up, how much it's going up and what it's at. |
| 0:15.0 | That's debatable, depending on what dad. |
| 0:17.8 | I got to tell you something really funny. |
| 0:18.9 | So I discovered the SOM rule, S-A-H-M, |
| 0:23.4 | who is an economist for the Fed. But before we go on the chart, Jerry, I text George Gammon. |
| 0:28.3 | I mean, hey, George, do you follow the Psalm rule? He text me back. Do you track rents? Like, |
| 0:35.2 | it's so obvious to him, but I started following this I think |
| 0:39.2 | it's important Jerry if you could pull that up real quick now this is not |
| 0:43.3 | necessarily you know it's just an indicator I think is what I'm trying to say |
| 0:49.9 | here but the basically the Psalm rule is around the unemployment rate which we're |
| 0:53.7 | going to talk a lot about. |
| 0:55.7 | And it's the three-month moving average of the U.S. employment is half a percentage point or more |
| 1:02.0 | above the lowest three-month average percentage period for the last 12 months. |
| 1:07.1 | So that's what it is. |
| 1:07.8 | Now, I just want you guys to take a look at that far right. |
| 1:11.2 | Now, what I really want you to look at is when it started going up, let's go back to 1970, |
| 1:18.6 | you know, call it 73, 80s, the 90s in the late 2000s, of course in 2008. |
| 1:26.6 | Obviously, the big spike is the pandemic, which we all know. |
| 1:30.1 | And so I don't know if you want to call that an anomaly or whatever, but it's probably |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.