The Danger of Inflation For The Future Of America
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 18 May 2021
⏱️ 10 minutes
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Summary
In this video Patrick Bet-David explains how inflation works, the cycles of business, three different kinds of inflation and more.
Watch the full video here: https://youtu.be/zC5xKznGtX0
Transcript
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| 0:00.0 | You cannot turn out a new city, but I've seen the word inflation, inflation, inflation, inflation. |
| 0:03.6 | It's everywhere. People are telling, don't worry about it. There's no such thing as inflation. |
| 0:07.6 | This is normal. Investors worry Buffett is saying some stuff that's scaring some people. |
| 0:12.4 | Why is our gas price is up 49.6% last 12 months. The ex alone is up 16% a month of April. |
| 0:19.0 | They sit the inflation is only going to be 3.6% a month of April. I ended up being 4.2%, |
| 0:23.6 | beef is up 20%, real estate is up 12%. What do we do and what does this inflation really mean? |
| 0:29.5 | We're going to cover all of that today. |
| 0:36.2 | So let's get right into looking in order to understand inflation. We have to first understand |
| 0:40.0 | the cycles our economy goes through. So, expansion, this is spring. When things are kind of warming |
| 0:45.3 | up, it's looking good. Then we got peak. This is the hottest day this summer. Like the market is at |
| 0:49.7 | the peak. Everyone's making money. People are making lucky tap money. Then all of a sudden, |
| 0:54.2 | we have contraction. That's the fall leaves falling. It's kind of a different spirit. |
| 0:58.0 | And then you have trough, which is the coldest day in winter. That's exactly as cycles work. |
| 1:02.0 | This could be 2 to 4 years. This could be 5 to 10 years. And then you have a recession here for |
| 1:06.0 | last longer than 6 months. So let's go a little bit deeper into what does expansion mean. |
| 1:10.0 | This is when inflation is around 2%. This is when GDP is growing 2 to 3%. This is when unemployment |
| 1:15.9 | is relatively between 4.5 to 5.5%. It's a bull market, a lot of confidence. Jobs are looking good. |
| 1:21.7 | People are not stressed out about money. Peak, this is when GDP is around 3%. This is when things |
| 1:27.6 | are overpriced. This is when lucky money is being made. When you see regular, all of a sudden, |
| 1:33.0 | bunch of people are making millions of dollars. They're saying, how did this kind of make the money? |
| 1:36.1 | How did she make the money? We may be around peak, which many are saying today is that time. Then |
| 1:40.6 | we have contraction, which is GDP falls below 2%. Unemployment goes above 6%. Markets down, |
... |
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