Global Economic Collapse?!

The economy went KABOOM this morning, with fears of an AMERICAN recession on the way. Japan saw its biggest stock market drop since 1987, and investors are panic selling everything that isn't nailed down. Is this "it," or is it just a false alarm? And most importantly... how will this affect Disney stock (I'm kidding.)

The global economy is in trouble, with potential recession and job market concerns impacting the entertainment industry, and the speaker suggests considering alternative sources of income such as starting an OnlyFans account.

00:00 The global economy is in trouble, US heading into recession, impacting entertainment industry, and the speaker suggests starting an OnlyFans account for cash.

01:57 Global economic meltdown fears triggered a global selloff, with Wall Street indexes plummeting and potential impact on the upcoming election.

03:57 Warren Buffett cut his stake in Berkshire by half, crypto and digital currency market experienced significant losses.

05:06 Economic slowdown in entertainment industry due to job market concerns and decreased consumer spending, leading to potential contraction and stock decline for companies like Disney.

06:34 Goldman Sachs raised the odds of recession to 25%, leading to expectations of emergency interest rate cuts by the Federal Reserve, with critics blaming the central bank for not acting fast enough.

07:56 Investors should view the global economic collapse as an opportunity to buy cheap stocks, as global markets are experiencing a massive selloff driven by fear and panic.

09:01 The US Labor Market slowed down in July, creating only 114,000 new jobs, with reductions in workers in entertainment and tech sectors, and the global economy is at risk due to potential emergency interest rate cut by the Federal Reserve.

10:53 Entertainment industry will be heavily affected by the global economic collapse, with stocks dropping and projects getting cut, so consider yourself lucky if you still have a job.

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[ClownfishTV]

Disney most affected. (That is a JOKE.)

[ReubenAxelson]

This global downturn could have long-lasting repercussions. Given the current inflation rate, my main worry is how to optimize my savings and retirement fund which has remained stagnant at a quarter mill $ yielding almost no gains for quite some time.

[barrettfenwick]

Tens of trillions wasted on a global propaganda campaign.

[Justinfred]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy >>and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[zenvariety]

As an American I'd say we're already in a recession. We've been in a recession for the past few years.

[Cigaw]

I was told by the media that we have the strongest economy ever.

[pilouuuu]

In times of war and crisis they used to make patriotic, optimistic movies to give people hope during those times.

Nowadays there's a crisis and they instead make miserable, lecturing entertainment that no one wants to watch.

[Lukeor]

We are overdue for a big correction. We printed and printed and printed. We hit 35trillion in debt and we're spending 10s of billions of dollars a day. People voting for free stuff never care about the bill.

[sixeswow]

We've been in a Recession for months if not years. Remember, they changed the definition of what a Recession was to avoid defeat in the midterms.

[charlieparker]

The current administration REWROTE THE DEFINITION of recession in order to report that "Oh no, we're not in a recession." Because if they actually went by the definition of the word (BEFORE RE-WRITING IT) we were in a recession almost 3 years ago.

[kathrineici]

Oh no it’s almost as if printing tons of money and shutting down the economy for years on end has consequences!!

[vixtex]

“When daddy just got laid off don’t ask him for a pony.” 💯🎯

[yaqbulyakkerbat]

Who would have guessed. That electing our most incompetent and greedy to positions of power would have consequences

[RagingGoldenEagle]

Oh no, now companies will need to give customers what they want in order to compete in a cutthroat free market!

[Veteran_Nerd]

Sounds like it might be time for more:
-Govt bailouts
-Retirement funds getting destroyed
-CEOs buying more yachts and mansions
-Layoffs in every sector
-Finger pointing in Washington (Spider-man meme)
-The govt saying they need MORE power

This is a feature, not a bug.

[Grimshade]

Anybody paying attention knew this was coming. Prepare accordingly

[garomcfbgdd]

As it turns out... taking out huge loans to hand out "free" money,
hiring hundreds of thousands of government workers to do unnecessary jobs,
paying welfare to many millions of "asylum seekers"
AND funding multiple foreign wars... are REALLY bad ideas!

[vloggie]

Who would’ve thought mega corporations hiring people based on DEI quotas and not based on merit would’ve led to this 😱😱😱

[yrevra]

A big thing too is we have a huge social problem in the U.S. I've worked 14 years in sales association and let me tell you customer service workers get treated extremely badly, rudely and when a nice customer comes in you notice because most are just plain awful. This is no good. It should be the reverse. If more people respected cashiers, lower workers more people would be inclined to go out and work but who wants to have things tossed at them, get cussed at or worse!? No one. We need to spread more kindness especially towards cashiers, garbage workers, mail drivers, and other low paying job workers in our society. That would surely help!

[mikehunt]

We've been in a recession for several years. They mean a depression is coming.