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Rebel Capitalist News

WARNING: Here's What Top CEOs Are Saying About The Economy

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 20 May 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Lovella Robocapagos hope you're well. So we've got an aggregate total of America's top

0:08.3

CEOs and what they are saying right now as we speak about the American economy.

0:15.6

I think you guys are going to be surprised by a lot of what is being said.

0:20.7

Now before we get into what these CEOs are saying, let's go right over to the

0:27.2

Atlanta Fed because this kind of sets up the conversation that we're going to have

0:32.1

throughout this entire video and some of the conclusions that I have drawn.

0:37.2

You can come to your own conclusions. You can take my ideas for what they're worth. They're free. So that tells you probably how good they are.

0:47.0

All right, let's go over to the Atlanta Fed and this is a chart that I've pointed out very very often on my videos

0:55.8

over the last probably a couple years now really and it's the wage growth tracker by

1:01.2

age because we always hear about nominal wages going up going up going up and

1:06.2

then we'll sit there and say or the mainstream media will say well nominal wages if you

1:11.6

look at them they've they might not have kept pace with consumer

1:15.7

price inflation but they're really close so the overall purchasing power for the

1:20.5

consumer really hasn't gone down and there's some years where the nominal wage growth

1:25.1

has actually exceeded the C. P. I. And therefore, they're getting rich, right? But this doesn't

1:31.6

tell the whole story.

1:33.0

This is an incomplete picture to say the least.

1:36.0

So when we look at the wage growth by age,

1:41.0

this tells a much, much different story.

1:45.0

Look at this green line.

1:46.6

This is ages 16 to 24, and you compare that with, let's just say 25 to 54 which is the orange line and I mean

1:58.3

even prior to the survey sickness but look at the survey sickness sickness. I mean the young people and more power to them,

...

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