News: Jeff Gundlach's New Prediction Changes Everything
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 27 October 2023
⏱️ 24 minutes
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Summary
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Transcript
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| 0:00.0 | Hello fellow rebel capitals hope you're well so we've got a brand new prediction from Jeff Gunlock he's talking about a paradigm shift |
| 0:10.0 | this really changes everything. |
| 0:12.6 | Let's get right into a video. I believe this was from his most recent speech at the |
| 0:19.9 | grants conference, Jim Grant's Conference. |
| 0:23.0 | And then what we're going to do |
| 0:24.3 | is we're going to actually, listen, what he's saying, |
| 0:26.5 | look at some charts, and then we're |
| 0:28.3 | going to look at a story from Market Watch |
| 0:31.7 | to connect the dots |
| 0:32.6 | and see how this is going to apply |
| 0:35.7 | to the average Joe and Jane. |
| 0:37.9 | You guys watching this video right now. |
| 0:40.5 | So let's get over to this clip and check out what Jeff |
| 0:44.8 | Gunlock is predicting here. |
| 0:46.8 | But if you look at where we are we have nearly an 8% budget deficit |
| 0:50.6 | as a percentage of GDP and I think the guessing is the GDP in the United States will be around 2.5%. |
| 0:57.0 | Real for this year, nominal will probably be more like 6% or 7%. But that's all the budget deficit. If we didn't have a budget |
| 1:07.6 | deficit, we'd have zero growth. Okay, now focus on that guys. Did you hear what he said? This is aside from this paradigm shift that he's talking about. I think this is absolutely key. He said if we didn't have deficit spending, we would have zero, zero, if not negative, |
| 1:31.6 | GDP growth. So you have to ask yourself the question how efficient is government spending or how |
| 1:38.3 | inefficient if you better said is government spending. |
| 1:42.8 | So without that government deficit spending, |
| 1:47.0 | real GDP would most likely be negative. |
... |
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