IMF Issues NEW WARNING ON INFLATION!

We all know that we were lied to with inflation being transitory now that it has fully taken its toll on the economy and peoples monthly budget. The IMF just issued a new warning on inflation about how interest rates are likely to stay higher for even longer as inflation has been very stubborn to come down and may likely even continue to rise in this current economy.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[nicolasbenson]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[NicholasBall]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[Peterl]

Increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, and rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my million dollar bond and stock account.

[RomanVarl]

"Land of the free, home of the broke"

[AbcDef-iqno]

Since the late 90s when the U.S. kissed off its manufacturing sector and sold its soul to china and cheap chinese goods, we as a nation have become more and more dependent on the service sector for jobs. The problem with this paradigm is that service related goods (fast food, restaurants, hotels and Air BnBs) are things that people buy with discretionary funds. In other words these items are luxuries, especially when money is tight for the average U.S. consumer.

[brianatkinson]

I was on my own at a very early age and it taught me to think 10 steps ahead. When you have no support system the lessons from mistakes are burned deep and quick. I've never been really affected by economic transients as I live miles from my edge (another lesson from early departure and no help). People need to scrutinize their decisions on everything (especially debt). There are many vacations I've never had, many meals I've never eaten, many phones I've never purchased, cars I've never bought, clothes I've never owned and a crap ton of interest I've never paid. Take care of business and unless you have a solid savings and investment plan you need to learn how to go to work and stay home. Contrary to popular belief "entertainment" does not need to be "fed" to you!

[ColdPotato]

Ross Perot's "You hear that sucking sound" quote about NAFTA really hits home regarding our manufacturing base being gutted.

[careyparkinson]

Pro-rate repairs? How about pro-rate payments? Insurance has become a scam.

[BBWilly]

Insurance companies, when they’re not screwing each other, their screwing the customer.

[Maynardd]

I call complete bullshit on the insurance companies stating why insurance goes up. These insurance companies operate out of skyscrapers that cost millions and millions and millions of dollars, you see insurance ads everywhere that cost hundreds of thousands of dollars if not millions of dollars. Insurance CEOs making tens of millions of dollars a year. Insurance companies, recording record profits! Don’t be fooled! You are being scammed out of your money!

[garysmolen]

I opened my annual home insurance and found that my coverage limits were increased by 44% but the premium was increased by 165%!! No other significant changes in the policy and I have no insurance claims. Ripoff! I’m shopping for new insurance! This is in TN

[BCautosolutions]

16 year Honda tech here and I’ll tell you from experience that oem parts are the way to go. Aftermarket parts not only fit horrible, they also cause electrical issues, and fail often.

[rogerstrom]

I;M 80 YEARS OLD. MY UPSIDE IS I NEVER HAD HOME INSURANCE,

[chrislindsay]

There's a youtuber like Michael who records while walking around. He made a video of a mile-long line of cars waiting to get groceries from the food bank in Coachella CA. Waiting over an hour in 109F heat for 2 bags.

[ravensrolltop]

And don’t forget about food prepping at home. I make a big batch of soup in my Instapot and that will yield five servings. That’s enough for the meal plus four others that I store in my fridge. All I have to do the next four days for lunch is reheat.

[nilaja-itsmylife]

I agree. People build on top of disasters (cliffs, fire zones, flood zones) It’s wild.

[neveragain]

We are going down like the Hindenburg.

American Greed. There is no turning back

[fredk]

Thank you to our host for these walk-around outdoor presentations. Really appreciate your research and content

[wiredspeaker]

The sad thing is two young people each making $20 an hour (minimum wage) still can't afford an apartment together in California.

[BenHeckHacks]

Just got my car insurance bill for second half of 2024. Um yeah... where is this 3% inflation located? Would love to move there!