Something JUST BROKE in the Economy | Major Changes Explained

Economy is slowing globally, cuts and shortages of energy and food becoming more apparent, rising interest rates in response to higher inflation. We have to understand what our future is and what we’re going to do about it.
Interest rates and mortgage rates are climbing very high. People cannot afford to pay their debt. This puts downward pressure on prices. If too many people are in this scenario, it will unravel quickly. If rates come down soon, it's not as big of a concern.
Mortgage rates have gone too high for most people. Prices cannot accelerate in this environment.
Total slowdown begins but those on the fringe will fail.
Watch for true excess, extremes, leverage, and desperation. All will be apparent as rates remain elevated.
If the Fed sells too many MBS, this will create major disruptions because no investors want to buy it, especially when they’re selling.
Stay away from getting into big debt, leverage, or margin at this time.

TOPICS AND TIMESTAMPS:
Inflation UP or DOWN 0:00
The Broken Economy 5:31
Major Deceleration Now 8:57
What Does This Mean For Me? 11:10

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Sources Used in This Video:

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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
#energycrisis #economy #inflation

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[TheMoneyGPS]

This is what happens when you take trillions, spread it out in unproductive places, and then attempt to stop. The train doesn't stop. It crashes. Right?

[consciousthought]

The world is in turmoil; economically, politically, socially, environmentally, et al.
The Money GPS has been one of the few places and spaces where truth, common sense and integrity can be found. Thank You!

[markroberts]

Your videos are so packed full of information! I really like that you do the summaries in your videos.

[joshuaboerger]

YOU’RE A GOOD MAN MONEY GPS. MUCH LOVE

[EK]

In the 90's, I used to talk about how so much of our industrial jobs being farmed out and leaving, was problematic. Many of those jobs are now considered beneath Americans, but the average man could make a great living, with no education. I'm from Flushing, Michigan, and worked in Flint at a GM owned plant, right after college. In the 80's, electricians in the plant could make 100k with overtime. Basic unskilled guys were making 50k. That was a lot of money back then. The point is that we gave all that away, for shareholder profits, without concern for the future. We make very little. Even our tech jobs are farmed out to India, Pakistan, etc... Now, we have government jobs and someone to guard them! The things that made America Boom, left, right around the same time free money became the job of government. Look now, where we are. Our government is trying to break the economy because it has all but failed, now. Break and reset, without taking responsibility. That's the status today.

[rangerdoc]

In my industry, I can't get any parts or materials. 30 years I've never seen it like this. I used to have lots of options at various price points. Now only the most expensive parts are obtainable, driving costs way up.
I'm seeing something similar in my personal expenses at the grocery store. I used to buy all generics, but they are no longer available. So I'm getting hit by doube inflation.... The price increase, plus the extra expense of buying brand name. It's devastating to my budget.

[windrider]

As a truck driver, I'm seeing a major slowdown. Freight availability is very low. This should be the peak season, but it's as slow as Jan/Feb the slow season. Freight in Jan/Feb will be dead. This will kill many small owner/operator and non corporate trucking companys.

[gregg]

Hey Money GPS! We really like your new format with the inclusion of "Bullet Points" summarizing key discussion points of your presentation! Throughly enjoy your presentations and insightful analysis! Thank you soo much David! 😊

[steltoronto]

Excellent video David thank you once again very informative. ☺️👍

[MrMigido]

When this happened in the 80's my interest went from 3% to 27% within three month.

Rates ARE still low, relatively

[deadend]

The problem I see with this and maybe it will be covered in the next one is that the workforce has dramatically changed. In the last couple of years the baby boomers all retired, they were literally half the United States population. They were more than half of the work force. This has dramatically reduced their spending. I can't tell you if this is an indicator of a bad economy or just a smaller economy because of a smaller work force

[garybennett]

Great job, thanks for all you put into this channel.

[inTruthbyGrace]

perhaps I am wrong (and if so please be kind in correcting me) but if used car prices jumped 54% and then only dropped 10%...aren't we still clinging unto an *_overall_* increase of 44% yr over yr????

[Archimedes]

Thanks for your infos, but please note : I want my baguette back ! :-)

[averagedemocrat]

I remember watching these videos years ago back in 2016 and 2017 where no one thought the economy would decline. The early signs of the eventual collapse was there for everyone to see.

You were spot on mate, I'm glad I found people like you so early.

[jc]

They (auto dealers) are sitting on inventory because they paid way too much for it (trying to get in on the money grab while they getting was good). They now suddenly can't get what they need to break even, much less make money, so they are sitting on it hoping it gets better. They can keep sitting on it....they deserve what they have coming.

[stephenzengel]

There is gonna be a big increase in car demand in FL. You wouldn’t believe how many people lost their cars in Ian.

[donh]

Good to see David again after YT stop showing me these videos while still subscribed and I found it again.

[crewcrewdin]

Thank you keep sharing stay strong we need accurate information

[brawndo]

The pandemic response is a prime example of how printing money is simply borrowing wealth from the future