Why You Need to Know What a Recession Really Is

In this video, we'll break down what a recession really is and why it's important for you to have a good understanding of it. Learn the impact of a recession on the economy and how it can affect your finances. Don't miss out on this essential information!

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[EconomicNinja]

⚠ Never give someone your money that claims to be me. I will never ask you for money or invest money for you. WARING SCAMMERS ⚠

[Williammercy-ztou]

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[stephenhall]

We are not in a recession but a depression.

[muhammedyaseen]

We past recession 😂😂😂😂.
We in depression/destruction

[jeepstergal]

We're in a recession, we have been in a recession for a while, and we may well be in a depression. If not, we're going there soon.

[stub]

We're way past a recession, we're in a full blown depression!

[Margaret-gi]

well explained! Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2010). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in crypt0, run my own company, and have increased my net worth over 500k in the last four years.

[N_A_RLW]

1, we have been in a Recession heading for a Depression ↘ ↘ ↘

[rhondawilliams]

We have been in one, closer to a depression

[TheDragonofRevelation]

Thanks for the video, Ninja. I'll rewatch it when I have a chance, all the schools have only been teaching Keynesian economics for the last 20 years or so.

[nanehyd]

We are definitely in a depression according to the GDP.

[SilverDadKnows]

SilverDadKnows here. What the public fails to understand is that we’ve been in a recession since 2020. What we’re seeing now is a silent depression. Stay prepared with gold and silver, non perishables, bullets, and more importantly, keep your faith in the man upstairs.

[johnnylogan]

You cant go by GDP when its all govt spending.

[SamiCook-kljs]

Recessions are an inherent part of the economic cycle, making it crucial to be proactive and plan strategically. I'm eager to seek guidance from this esteemed advisor, given their exceptional expertise. Could someone kindly facilitate an introduction or explore the possibility of collaboration? I would be grateful for the opportunity to leverage their valuable insights and expertise, enabling me to make informed decisions and navigate the economic landscape with confidence.

[FreeYourMind-SA]

When basic Economics 101 classes were removed from most of the schools tells you all you need to know.

[sarawilliam]

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures  during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

[MarkBush-encz]

Recession since April of 2022 when our company stiffed us with a 0.75% raise during wild inflation of food and a reduction of bonuses from 10% to 5% and they had to sell a company to make payroll and complete some construction.

[marymarentette]

2 because I believe we are in 3, Depression. Not counting very rich people.

[Dollrnri]

Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a recession and how to benefit from it. Where do I keep my money?

[jackspdr]

The government changed the definition of a recession July 28, 2023... at that time they added "usually" you showed "common rule of thumb" which means the same. People are using credit cards to buy necessities... been in a recession