News: New Stagflation GDP Report Shocks Market (What You Need To Know)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 25 April 2024
⏱️ 32 minutes
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| 0:00.0 | Hello fellow rebel capitalists hope you're well still here in St Bartz we had a huge report today this GDP |
| 0:07.4 | I don't have you guys have heard about this if you've been following cnBc. This is pretty much all they're talking about, but it just shocked the market in two ways. |
| 0:17.7 | So actually let me shoot straight over to, let's start at the Wall Street Journal, and then we're going to go to |
| 0:23.0 | cn't be see zero-head check out some charts and then I'm going to try to |
| 0:27.5 | connect some dots for you but I've been trying to reconcile really what's going on underneath the surface the entire day and it's very very difficult |
| 0:38.4 | something weird something strange is happening and I'm going to reveal what my thoughts are on this kind of |
| 0:47.2 | strange activity at the end of this video but before we get there let's shoot straight over |
| 0:52.4 | to the Wall Street |
| 0:53.1 | journal and here we go the punchline guys US economy growth slows to 1.6% now |
| 0:59.8 | this is inflation adjusted and this is a annualized number. |
| 1:06.6 | So what they do is they take the number, they basically times it by 12 or whatever to get |
| 1:10.6 | the annualized number and boom, there you you go to give you an idea or some |
| 1:14.2 | context around this 1.6 number to tell you how bad it is we haven't seen a number that |
| 1:19.2 | low until or we haven't seen a number that low since we had the actual what I would call a |
| 1:26.7 | technical recession in the United States back in 2022 when real GDP was actually negative. |
| 1:32.6 | Remember that's when the Biden administration |
| 1:34.3 | was trying to change the definition of a recession, |
| 1:38.0 | like, oh, oh, negative GDP. |
| 1:41.2 | No, no, no, that's not a recession. |
| 1:45.0 | How silly of you plebs out there. |
| 1:48.8 | A real recession is when you have, |
| 1:51.6 | the other they go down there down their list of things that they want to kind of get you to focus on instead of the negative GDP. |
... |
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