Let's talk about Biden's economy....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 31 December 2021
⏱️ 6 minutes
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| 0:00.0 | If just thinking about your bills makes you feel confused and disorientated, |
| 0:05.0 | like your head is full of Raspberry, |
| 0:08.0 | then you need Monzo. |
| 0:10.0 | Download your new favorite bank and pay bills from custom pots. |
| 0:15.0 | Money never felt like Monzo. |
| 0:18.0 | UK residents, T's and C supply. |
| 0:21.0 | Well, howdy there, internet people people let's vote again so today we are going to |
| 0:26.2 | talk about the economy under president Biden first year we're going to see how well things have gone you know you look to |
| 0:39.3 | the media look to the news and most news reports especially on |
| 0:43.2 | non-business non-economic reports |
| 0:47.2 | it looks pretty bad |
| 0:50.3 | I mean they're painting a lot of doom and gloom all the time. How accurate is that? |
| 0:57.0 | Okay so let's start with the big indicator, gross domestic product. |
| 1:04.0 | For the last 40 years, an incoming administration, well they haven't topped 2.74% in economic growth. |
| 1:19.2 | Biden, well he looks to be coming in at 5.5. |
| 1:27.0 | Double. |
| 1:28.6 | Double the record for the last 40 years or so. |
| 1:38.2 | That kind of runs counter to the idea |
| 1:40.1 | that the economy is going bad right now. Now you also have a metric that is used |
| 1:50.0 | is how the U.S. financial markets are comparing to world markets. |
| 1:56.0 | And currently, the U.S. markets are outperforming world markets |
| 2:01.0 | by the biggest margin since 2000. |
... |
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