The U.S Economy Is Not Adding Up Right Now…

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▶CHAPTERS:

00:00 Intro
00:12 Inflation Trends & Core Prices
00:48 Political & Economic Context
01:23 Notable Price Changes
01:50 Federal Reserve Outlook
02:13 Social Security Benefits Adjustment
02:42 Investor Reactions
03:11 World Trade Forecast & Economic Outlook
04:53 Effects Of Monetary Policies
05:23 Regional & Sector-Specific Insights
05:39 Global Trade Flows
06:01 Key Statistics & Numbers
06:29 United States Labor Market Trends (September)
07:55 Context & Election Impact
08:15 October Jobs Outlook

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▶EXTRA

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These are some fun words: Caleb Hammer, financial audit, Graham Stephan, Dave Ramsey, Ramsey Show, George Kammel, Rich Dad Poor Dad, Podcast, Budgeting, Investing, Stock Trading, IRA, Roth IRA, 401k, health savings, HSA, 403b, college costs, student loans, debt, snowball, avalanche, pension, retirement, financial independence retire early.
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▶*Some of the links and other products that appear in this video are from companies for which Caleb Hammer will earn an affiliate commission or referral bonus. Some of the offers mentioned may no longer be available. This is not investment advice.

[OwpunRiplys]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income. I am a Data Scientist, but currently looking at the stock market to fuel my retirement goal of $10M. My only concern is the recent market crash. Do I stay 100% cash and wait for a bull market, or go ahead and invest anyway?

[evershade.after.dark.]

My income is not increasing, so I'm decreasing my spending. This month, we're doing a pantry/freezer clean-out, and that should save us about $300.00. Just doing what I can while I can.

[huytran]

Yeah, this is manipulation and a facade… they don’t want panic to ensue.

[austinbar]

A perfect storm is brewing in the United States. Housing prices, Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund which has been sitting duck since forever with zero to no gains.

[RichardThePear]

Doesnt add up? That adds up. Dont trust politician's reports.

[cylordm]

Reading the comments, seeing that nobody believes the economic reports that Caleb is talking about. I also, do not believe them. These stats seem to be gathered and reported in such a way that makes it seem like things are better than they are, and even still come across as bad.

[ag]

72k jobs added but like 17k jobs cut at Boeing. Other large manufacturers are cutting jobs too! Wages are increasing but companies then cut headcounts to equal out. *See UPS, Ford, now Boeing and soon many other large companies. Some do it quietly and slowly (under the reporting limit), and some do it all at once and wear it as a badge to investors.

[TheBigBigSean]

Since 2021, my grocery bill keeps going up. Every trip has resulted in at least one regularly purchased item going up in price.

You can't tell me the economy is good unless I see it on my grocery receipt.

[Tatsu]

It doesn’t make sense. My sister, fresh out of college, was unable to find a job for 9 months.

I myself, having 8+ years of experience, couldn’t find work for 4 months. And both of us were constantly applying and going to job fairs where available.

Something is wrong and we’re not being told the truth. The only way to find it is to watch independent researchers on youtube, such as what you do. Thanks for the video.

[robdgonz]

Job numbers will be revised down.... Again

[westfield]

Everyone I know is currently laid off with no sight of going back as their industries in finance and media have been destroyed. I’ve never seen a time when such widespread industries like retail, banking, media, entertainment, tech have imploded at the same time. Previous bubbles had damage limited to one sector but here so many industries are bankrupt. It’s scary and no one in government seems to care.

[aaronelliott]

lol, job numbers sound great but let’s wait 6 months till they adjust it to the correct number!!!!

[Danterag]

Two problems with inflation. We're still discarding grocery and housing data (Transitory Inflation), and we still haven't seen a year with minus five percent inflation. Until both of those are fixed, nobody can say anything is getting better. Who cares if the (Average) wage went up 4%, if you stuff enough cash into the billionaire class you're gonna' jack the average. I'd say exclude anyone with 1M+ income from the data to get a picture of what's going on outside the Ivory Palace.

[jeremiahm]

This is simple: total manipulation to keep things up as long as possible.

[Micfri]

If you look at the parallels between 2007 and 2024 expect a January emergency rate cut by 0.75..

[starfishprime]

I was laid off from my manufacturing job last march and JUST got a new job... i had to take a significant pay cut AND the work is much more physically demanding.

[OscarDiazMusic]

What a surprise... adding trillions to the national debt in the past few years has consequences. Its hilariously insulting how much they want to pretend things are fine. Fed said their target was 2% and they cut rates way earlier by 50 points, meanwhile commulative inflation is up by 30-50% in different sectors and wages havent kept up.

If we want prices to be affordable again we need to allow the cycle to correct, otherwise this is the new normal and we have all just been demoted to a lower class and way of life.

All these greedy wallstreet investors that want more cuts are pretty much asking for a second economic bail out and we all know how the first one went cause we are living it.

[VanjeAv]

The job market is a nightmare, do we live in the same reality? People with bachelor's are doing doordash to survive

[WilliamCantera]

Either the job numbers are true and we wouldn't need rate cuts, or they're lying. I heir on the side of; they are hitting the panic button.

[BadBrad]

Same thing in Canada. Bank of Canada is celebrating the win while everything is 2-3x expensive, wages aren't keeping up, and income tax rates haven't been adjusted properly since at least 30 years. Millenials and below are being gaslit into poverty