New Data Suggests the Economy on the Brink Of Collapse

Ken and Danille McElroy talk about the current state of the economy and why things feel so uneasy. They'll discuss employment and inflation and what it all means to you

You can listen to an audio replay of this live stream on Ken and Danille's podcast! Follow your favorite platform with the links below!



• • •

Be sure to click the bell to be notified when the next informational video is posted!


•
ABOUT KEN:
Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.

Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.


•


Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.




#kenmcelroy #realestate #realestateinvesting #economy #inflation #unemployment #fed

[KenMcElroy]

If you appreciate the effort Ken puts into the videos and want to support the channel, please share this video.

thank you

[Michaelparker]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[PaulStephenRudd-ub]

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.

[KostasKolios-fond]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[Iamjacob-xo]

There are a lot of companies out there that can power through recession and hardship periods, I'm just a fan of buying into moat heavy, cash flow grantors, buy on dips, and add as they drop, and enjoy the bull markets when they happen.

[MichaelSmittySmithScottsdaleAz]

My nephew works in California in Tech sales for hardware and software. 2 years ago he had 40 job offers per month. Now his company is struggling to make it and it's down to him and 1 other rep. He sends out 30 resumes per months and only 1 has responded in the last 30 days and he is a top producer

[JesseMayhill]

My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. What strategies should I be employing in my portfolio right now?

[piRatCaptain]

My company did a stealth layoffs of over 10, 000 people. By requiring a return to office mandate anyone that disobeyed was terminated so they don't get unemployment benefits

[jgboys]

I’m surprised it has hung on as long as it has.

[lauragraves]

One thing some don’t think about is that some employees are pushing back on in office work because we have been able to cover childcare this way. Childcare costs have doubled since Covid and some of us would legitimately have to quit if we have to go back because the childcare costs are now more than we would make. It’s a very serious problem in this country.

[HaroldSimmons-mfep]

With inflation eating away at savings and the market being so volatile, it's tough to decide where to put your money.

[danasamuelson]

This is exactly why the Fed cares more about employment than inflation. Once employment reaches a tipping point on the way down it's very hard to reverse the trend without a recession. The slow roll over the economy has been experiencing could easily accelerate into a full blown recession. If they cut 50 basis points that is an acknowledgement they are worried.

[RaulRamirez-et]

The unemployment rate Ken is really much higher
Look at U6 that is nearly 8 percent and is the way unemployment was measured since 1942 to 1994
So i agree with this video
Things are not going in the right direction and eventually stock market and seet prices will refelct it-lesson-keep liquidity to take advantage

[randyosborne]

Congress is for sale. On the take. BOTH PARTIES. And Congress mandates the Federal Reserve. What could go wrong?

[iowawizkid]

The owner of the company i currently work for issued a mandatory return to office back in March. I am leaving at the end of September with a small business earning me 150% of my old paycheck at 50% of the effort. It's been rewarding seeing how much they are gonna miss me when i'm gone. Of course let them know how they can hire my business if they need anything :)

[Curt-Venture]

Most of the time when you get hundreds of resumes, it seems 10-20% are qualified, or ones that you might desire as an employee. This was the case 6 Months ago anyways.

[mle]

People don't have money to buy things when the rate drops.

[bpb]

I have read hundreds of books and studied all the depressions and recessions. I also trade daily. There is a reason why I have been accumulating a massive short postition over the last year with no care that it kept going higher.

[montuna]

The problem is the person who made the sham rule her self. Came out and said this time is different and she explained also

[jenniferinAlaska]

I’m one of you guys big fans! I would love to hear the businesses that Danielle owns and how she went about starting multiple businesses for herself. Good job!