IT'S FINALLY HAPPENING! Corporations Are TAKING LOSSES!

After the pandemic, years of corporations, raking in the dough and having massive earnings, leading to an all time high stock market that is finally starting to cool down in. As of the first quarter of this year corporate profits actually declined 0.6% for the first time in over a year. Looks like the tides of the economy are finally starting to change.

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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.

[tatianastarcic]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[jamesbottoms]

A fraudulent system eventually breaks down.

[breadnaut]

People arent out of money. They are running out of credit.

[bluebird]

These companies pushed it to the limit. They took full advantage of the consumers.

[geeeee]

They worst part is, whatever money ends up in government, they will just waste most of it.

[morriganfey]

They never count Recessions until corporations are hurting. And yet demand falling is how corporations end up hurting. So basically, they don't give a crap about the common man.

[gennaro]

Im 26, make 250k a year, live with 2 other roommates. People and some of my family call me crazy "Why don't you just live alone?? Why do you drive a 2004 car???"

I pay $1000 a month in rent and live under 2 miles away from my office, gonna actually just get rid of my car and cut that expense out of my life too.

Consumerism is a disease.

[malcolmlove]

The average American household has $7, 951 in credit card debt. The average credit card interest rate is 27.65%. OUCH!!

[mindbender]

They are running out of other peoples money..

[NoYanniLover]

We should all just stop spending our money at ALL these places. We need some new corporations that value being fair to consumers. We need a whole new world with corporations with actual compassionate human values.

[Ldastwpayh]

Big CEO and executives should feel same PINCH

[manonmars]

I've always been fiscally tight and fiscally responsible. As a consequence my house is paid for, my rental properties are paid for, all my cars are paid for, and I pay my one VISA credit card in full every month. I also repair my cars to save even more money. The feeling of being free from debt is intoxicating. I'm 62.

[randymcrandy]

I got this notification seconds after I swiped my card for $550 at Costco for basics. I’m spending $800 a month for a family of five up here. Used to be $450 a month. I’ve gone through my recipts and if you look at individual items it didn’t seem too bad but it’s the total bill that’s important. I make over 120 a year and I’m struggling bad. Idk how anyone is still buying houses.

[nickpapas]

Let me guess - CEO's don't like the profits they see - People get laid off

[JohnAppleseed-cyrd]

F the corporations. Let them fail.... The problem is bail outs.... And worse: bail ins

[TheDoomWizard]

Last I checked the entire house of cards is fueled by debt.

[KADSL]

`It's about time the SOB's CEO's are starting to recognize our plight. $120k cars, $25 Big Macs, etc, etc, etc, When will this shit stop?

[johnb-qwsp]

The only place where the budget increases is the federal government.

[AbrahamShekelstein]

Dont worry, they'll just lay off employees to make up for the profits. Then make everyone else pick up the slack

[ragtie]

My wife is a manager at KOHL'S. She says it is dang near impossible to find & hire anyone under 30 with actual work ethics. Constant call off's, complaining about work schedules, showung up under the influence of something, leaving work in mid shift, and an overall attitude of entitlement. Its crazy. She says occasionally we get a new hire thats a good fit, and they go overboard to keep them and move them up to compensate their efforts both in pay and promotions.
This is an excellent video with solid, real life advice.