News: This Chart Changes My View On Everything
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 31 October 2023
⏱️ 27 minutes
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Summary
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Transcript
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| 0:00.0 | Hello, fellow Robo capitals, hope you're well. |
| 0:02.2 | Let's get into this chart that I think is going to completely blow your mind. |
| 0:06.0 | And we look at the GDP number as an example. |
| 0:09.4 | We see it explode to the upside, five, excuse me, 4.9%, and it's really a headscratcher. |
| 0:15.5 | You're saying to yourself, well, how is this even possible right now |
| 0:20.2 | based on my personal experience and the experience that I'm hearing from all my |
| 0:24.6 | friends and family members. Well this article I think shed some light on that, this chart |
| 0:29.6 | and I think it really changes my view on a lot of things such as how long it's going to take to get to a |
| 0:36.6 | recession, even potentially consumer price inflation in the United States. |
| 0:41.7 | So let's go through this. This is on |
| 0:44.1 | NBC and right here title the article. Here's Americans net worth at |
| 0:49.4 | every age and this just came out for people under 35 it's up a hundred and 42 percent. |
| 1:00.2 | So for all you Gen Xers or Gen Z, I guess it would be and millennials, I don't want to hear you bitching and moaning anymore. |
| 1:10.0 | This is crazy. Up a hundred and forty two percent and this is since 2019. |
| 1:19.8 | Now I knew that we had additional savings. |
| 1:23.7 | I understand that people are receiving higher nominal wages, |
| 1:30.4 | although the real wages have gone down. |
| 1:32.3 | I understand that they haven't had to pay their |
| 1:33.8 | student loans and a lot of people haven't even had to pay their mortgages or they at least got |
| 1:39.5 | a break for quite some time so the expense side of their P&L has gone down dramatically. I get it but |
| 1:45.1 | a hundred and forty two percent like Josh was just telling me how he was down in |
| 1:50.7 | Boston this over the past weekend it completely blew his mind how |
... |
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