Inflation: Last Week Tonight with John Oliver (HBO)
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- čas přidán 23. 07. 2022
- John Oliver discusses what causes inflation, what we’ve done about the current round of it, and, of course, makes the smartest investment of all time.
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Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.
I know what I want to do now that the market is in decline, but I'm not sure which stocks to buy, which investments would generate the best returns, etc. Due to the risk, the possible benefit is larger, and experts are better at drafting such precise contracts.
In fact, despite having no experience or prior knowledge when I began investing in 2018, by the end of 2019 I had made a profit of over $750k. I had merely been adhering to the advice that my financial counselor had given me. This demonstrates that all you really need is an expert to assist you; you don't even need to be a great investor or put in a lot of work.
That's amazing! Given my failing portfolio, I could really use this manager's abilities. Who exactly has authority over you?
Colleen Rose Mccaffery’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
6 minutes in and he’s definitely gonna buy that frog.
He bought all 3
Second I heard about the frog I was like "he's gonna buy it .. no.. wait ... He's buying all three!"
45 seconds in and I know there will be furry content
that's all too obvious for anyone who watches the show
He'd be mad not to. It's a collectable!
"It must be so frustrating to retire, think you're done, and then have to go back to work. That is the absolute worst case scenario of retirement." The failure to show Jon Stewart's headshot is a TERRIBLE missed opportunity. 😂
Oh man 😂😂😂
@@banhammer3904 Whereabouts are you? Next of kin are usually not on the hook for debts of the deceased, at least in Canada. Unless collection agencies can lie and pressure them into taking them on.
If anyone retirement plan can handle $150/month increase of expenditure, the plan never went through stress test. It’s called poor planning. She needs to hire a better financial advisor.
@@freedomlife3623dude, some people are just poor. And sone choose to retire early due to health issues. Alot of the honeless people in the us fall into that category, because the us just haven't figured out something called empathy yet.
This has gotten funnier and more prescient lately. 😂 👍🏾
The Emmy was once again well deserved- you do a public service by explaining these crucial topics, and you make us laugh at the same time! Almost as amazing as that frog fountain 😂
🏛💺💀😷
My favorite was the statue in the garden, it looked like it belonged!
The fact that corporations can all collectively price gouge everyone and convince them that the government is the cause, which leads to electing republicans that will allow corporations to price gouge even further is genuinely horrifying.
We have twice the amount of currency in circulation now than we did two years ago. Let that sink in.
Guillotines would solve a lot of these problems...
@@sebione3576 do you have a citation for that?
Exactly. Political, not just economic.
Whelp at least this doesn't affect me.
Somebody, somewhere, who a year ago was doing their insane job creating giant size frog statues just got the payoff of the century tonight.
"Honey, why can't you go back to being an accountant? I know covid made you rethink your life, but making frog statues? Who on Earth is going to buy that? Food prices are soaring and we need money!"
Yeah. Who's laughing now, spouse of unspecified gender? Not you, that's for sure.
Well, yes he was able to sell the statues for a good price. But if the frog-statue-demand increases, John is the real winner - he could charge outrageous prices.
"You want a statue? I have a thousend people on the list. Highest offer so far S 1 Mio…"
@@vituperation Spouse of unspecified gender 😭
Hooray for John Oliver! Americans now know more about giant frog statues than they do about America legalizing "Marihuana" to stop the Holocaust.
Another brilliant episode from this award-winning shitshow.
Watch the 1942 USDA video *Hemp for Victory* because it was hidden from your parents and grandparents so that all of you could be brainwashed with drug war lies and propaganda.
@UCWPhreFgsrndTOaWJYA3O7w Oh, my condolences!
Groceryflation up here in Canada is still horrific, and as people have been digging up, corporate greed is a big, big, big part of it
May not be the cause but it’s definitely the biggest player in my opinion.
After studies have shown 55-60% of inflation has been due to corporate price gouging, I can't believe it barely got a mention here
When were the studies published?
@@waldothewalrus294 Corporations and businesses punishing us for the pandemic.
The entire frog analogy was about price gouging
@@NateMims No, it was discussing Prices soley on Supply and Demand, not on Price Gouging, which is Companies raising prices regardless of supply or demand.
But it also illustrated how companies are allowed to gouge...if not for a false demand, they wouldn't be able to inflate the price
As a grocery store employee , I love being yelled at and blamed personally for prices, one lady went on a massive rant on how I was evil and how we should all be ashamed for robbing everyone, me and my broke minimum wage self just nodded and smiled knowing I can no longer even afford to do groceries as regularly or even get half of what I needed.
I loathe those type of people and hope you at least get an employee discpunt at said store.
People like this are so entitled and up their own ass. It takes 5 seconds of brain power to take a step back and realize that no ordinary employee of any company has any control or say over price inflation. Hell, the grocery stores are beholden to their own corporate entities and to whatever each individual company, that shelves each product, charges for said product. I worked in retail for years and would just bluntly tell people that I don’t make the prices, if you have a problem, call the corporate office of whatever the company of the item it is that you’re mad at. Retail and management have no control over price fluctuation or pricing in general.
It’s like that classic line of Ego from Ratatouille, “Perspective, fresh out I take it?”
I would have told her "Pardon me, I just work here, I don't own the place".
@Miraj never had a job like this before so I ought not speak on things I don't know, but I suspect that whether or not this is successful depends on how good your manager is. Some managers, I have heard, will really just leave employees to deal with it
@@thomasr7129 they don't care...
Fun fact, I used to build retail websites, most of those "3 left in stock" messages are fake. They use them to create a false sense of urgency.
Every Furniture store...forever: Going out of business sale! Since 1984.... ***insert tacky jingle***
And, depending on the item, it could be a number of errors that aren’t to create a false sense of urgency. If a truck never got delivered to the store, if the item is floating around not being purchased, if an item is stolen, if an item is returned it will take some time for the system to update, the system just getting the wrong number from whoever sends the product. I can tell you refrigerated or frozen food was especially bad where I worked because the coolers were so filled with product we couldn’t get to the back, having to cancel that part of someone’s order. So we did have those mozzarella sticks, but because we canceled them being unable to reach the area, the system assumed we were out and that 6 turns to 0 inaccurately. All of these problems I’ve listed, I have personally dealt with. I’m sure you’re right, but it can be more than just trying to induce FOMO.
Every day I learn something new. And often more dystopian.
That specific site actually now displays the giant and large statues as out of stock and back in stock in exactly one year. So not sure that was actually fake.
@@isuperninja8926 It is really hard to tell these days. Prior to the 2020-2021 supply chain disruptions,, I saw these all the time and just assumed more would be available in a week or two because of just-in-time supply chains. However, small businesses and Etsy-type retailers really do tend to have limited supplies and are much more vulnerable to disruptions. Maybe it's the cynic in me, but I think the more prominently they advertise that, the less likely it is to be an impending shortage.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@@belobelonce35 Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@bernisejedeon5888 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@@yolanderiche7476 The stock market is without a doubt the awkward teenager with the most extreme mood swings! I started out with a commentator named "JEFFREY HAROLD STARR” His honest approach gives me complete ownership and control over my position, and he rates are incredibly affordable given my ROI.
@@bernisejedeon5888 This recommendation comes just in time because I'm literally grasping for straws right now! I looked him up on the internet and made plans to call him
I'm so over this shit. When I graduated college in 2008 the economy was fucked by all this bullshit and it was so hard to find a job. Eventually managed to establish a bit of career over the years as things got better and now when it's the time I'd like to own a home and stuff like that, this shit is happening. My generation has been so fucked by all these old fucks fucking everything up who were able to buy houses for like the price of a car.
to hurt you more houses used to cost less than a car...
This is the true build-up. This is the build that leads to a climax that leads to a denouement, and then resolution. Classic story structure.
Thank you Jay M for sharing.
@@MrDbate Except we are not living in a story. Things could get better or worse but either way it will not make sense for our narrative driven brains.
I think other generations has gone through something similar. Grow up.
@@paisano-mf2yx "Other generations?" .... Name them.
As a gas station employee I can confirm most of the job is indeed trying to convince people that I personally didn't somehow steal their gas while they were pumping. I even had someone call the police
wait, what? These people probably can't calculate.
I mean i have an 80l tank (21 gallons) and when i drive to a gas station where fuel costs 2€ per litre i know i'll be getting half a tank for 80€, and a full tank is 160€ worth of fuel. How can anyone be suprised about the price per amount AFTER filling up?
Every year, a few gas stations are busted by state Department of Agriculture's Weights and Measures Program. Those "cops" have busted airline baggage check in scales too.
@@zwidawurzn9423 I'm not surprised. There's some dumb mf's running around this country. Good luck getting anywhere then back to the station on $20, such as the tiktoc guy's vid lol.
That is truly truly amazing. Stay strong!
Genius has its limits. Stupidity on the other hand, has none.
I haven't paid rent utilities property taxes or had to deal with landlord bank or neighbors for the past five years because I've been living in my van and have never felt more free and happy about it.
😢
My wages increased by $300 at the same job per month in the last 2 years but in the last 9 months my rent has spiked $600 and I am seriously considering living in my car and showering at my gym at 4 am before work.
you are not alone. Gym membership + car camping is the reality for a lot more "working professionals" and "multiple income stream" workers than people realize.
@@randallcauley9484 The number of youtube channels devoted to that have multiplied.
After so long on the air, I have to wonder if whoever at HBO oversees the budget of this show still gets surprised. “Not one but three giant frog statues for an episode on inflation? Makes total sense, approved.”
I would love to see an interview with who ever it is.
HBO's Accounting & Finance departments: "When the show finally shuts down, the resale value for this 💩💩💩 will go through the roof!"
They signed off on an inevitable lawsuit episode. I don't think they're going to care about 3 frog statues.
@@Marijuanifornia Not everyone cares about your absolute favorite thing. We're also honestly fatigued from hearing potheads drone interminably about how weed can and will do literally everything. It's basically a religion with you guys at this point and it stinks. If anyone on this planet could acquire a modicum of chill I would expect it to be you.
And yes I understand the difference between pot you smoke and hemp for fibers. See also: stopped caring because you people can't shut up.
Yo what's that black box? We don't talk about the black box...
Aww... come on. It's Last Week Tonight's production expenses...
Oh... Well... Sorry I asked.
Don't be, it's your turn up next to negotiate with them.
The HBO Accounting Department must live for this show and their itemized budget requests. “You want to buy a WHAT!? Three of them!? For one segment!?”
Think about the giga profits they'll earn when they resell.
I've thought about this too! 😂 "It's a WHAT COSTUME?" 😂 😂 😂
You should see what they spent of Perry Mason lol
At some point, they'll probably refer to the giant, non-sense purchases for a joke as an "Oliver" or a "John Oliver"
Just created a demand for those frogs and previously owned by John, they can sell them high
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@hermanramos7092 Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
@@hermanramos7092 I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
When you live on $12,000 a year because your disabled informed decisions ha! Groceries cost a third of my monthly income and it should not be this way.
Ed really missed the opportunity to tell Gatorade to "get a grip". Come on, Ed.
Respect to the theatre techs who, when asked "Can we have a giant frog statue lower from the ceiling with water spouting out of it's mouth by next Thursday?", simply sniffed and said "Yup."
I can see that.
That just sounds like another day on a tv show, living the dream lol
Right totally wish I had that gig
as an art department tech I can assure the reaction was much more stressed than that. I felt stressed just watching that knowing how complex it likely was to figure out
"you want regular water or sparkling" - that tech
John excitedly yelling “I am good at business!” is one of my new favorite moments on this show.
This should be a meme
“I am good at business!” Is what i would expect Trump would say after a bankruptcy or Oliver buying 3 frog statues...
@@NankitaBR It should, especially against all the crypto bros
Line goes up means genius at business... regardless of whether or not you made the line go up.
*John suggesting that Powell **_"lead an army of economists into Luhansk... [although], historically, that hasn't been the Fed's role..."_** ... is what I can't stop thinking about... & personally speaking, I'm here for it...!!!"* 18:57 *(LOL)* 🤣😂🤣
i have to say, the phrase "a lot of smart people, and Jim Cramer" got me good
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
@@angelastewart3256 Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@@kaylawood9053 Please can you leave the info of your investment advisor here? I’m in dire need for one
In order to save money you have to cash app me all your money please
lol this is the dumbest thing I have ever read. This is like community theater
This man is a national treasure and the UK cannot have him back
Shared custody aka dual citizenship.
Oy!
They had to invade US again and pretend it was "gifted"
That's right, for once the Brits lost a national treasure to another nation.
when biden says i can taste it i think about my plasma donation 0.0
One of the saddest aspects of shrinking product size is the unfortunate result that the packaging-to-product ratio goes up. Making efforts to reduce the waste stream more difficult. Also, if the supply chain for the packaging itself is disrupted, the cost of packaging can force prices higher more rapidly than the actual commodity cost would do otherwise.
Packaging is about 15% of grocery cost.
Then again, North American bulk buying results in a massive amounts of waste as stuff goes bad before the average family is able to fully use it. Its one of the reasons why the US and Canada top the global ranking of food waste.
@@MrAronymous part of that I’ve read is significantly contributed to by the unique restaurant culture of the US (and Canada, probably). Portions, destroying trashed food, criminalizing dumpster diving, refusing to donate excess, it’s all apart of our abundance culture. We have so much to go around and we actively prevent sharing fairly.
Thanks you!
Excellent point, I never thought of that.
The markets are still unsure if the federal reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I’m still deciding whether to sell my $400k worth of stocks ?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
How can one get a decent investment advisor? I wouldn’t mind getting in touch with yours. In few years I will retire and my portfolio will definitely need some management.
Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $472K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.
@@lowcostfresh2266 Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
@@TomD226 I won't pretend to know everything, though. Her name is Laurel Dell Sroufe but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
After spending my childhood watching my parents put things back and never asking for things bc we had no money, getting to this point in my adult life with my own kid is emotionally exhausting on a new level.
Like you did I am sure they will appreciate how hard you try to provide for them when they grow older.
I can only imagine how it feels from the parent side. My family situation was similar when I was a child. Unfortunately the cost of starting a family is too prohibitive right now :-( Wishing the best for you and yours
bro forgot to join the middle class before reproducing 💀
@@rickroma that’s a funny joke but I don’t think you realize what qualifies as middle class, majority of “middle class” Americans are actually considered lower class lol we think it’s normal for middle class to equate to simply surviving.
I know, right?
I work for an online retailer in a supply warehouse and part of the inflation problem might be that corporations are making more money than ever while pretending they have low stock of items when they actually have more. Yet our wages haven't gone up either but our CEOs are getting raises and bonuses for ripping everyone off.
Yes. Most "Inflation" increases is just businesses ripping off consumers.
Yeah, John dismissing corporate greed was a little disheartening. Like yeah John cooperations *have* always been greedy, but after Covid they have had opportunities to lie and manipulate their way into make more money than EVER before.
Yeah its disheartening and I'm too depressed to think a way out, I'm too overwhelmed and worked to think the way out, and unfortunately that's the plan for people in my situation, I am the blood in the machine
Amen on that. I’ll not be surprise that they will have billion profits out of billion of people around the world.
No kidding. This is exactly what has been happening in the PC graphics card business for years now. Prices are so high you used to be able to build an entire gaming system for the price of a single current-generation graphics card. And don't forget about the scalpers, who buy cards only to resell them for even more insane prices - because people want the latest stuff.
"There's only 3 left in stock" oh jesus, he bought them, didn't he?
I love how he always takes the piss out of Jim Cramer lol
The story about the kids hit me hard. I was a kid during the 2008 recession and remember being terrified my parents would lose their jobs and not have enough for food or our house.
same
I'm kinda going through the same thing I usually spend a certain amount but the pass year I've been spending 100$ extra every week and kinda feel like that lady when my daughter see me calculating and putting things back its frustrating because I never had this problem
Go read the wikipedia article on the subprime mortgage crisis. Find who's responsible, and check the "Early Life" section. You'll start to notice a pattern, and you'll know who was responsible for the 2008 recession.
@@nobody-iw3ey No single person is responsible for it, multiple are, among other entities.
@@zCrabOG Which is why it should raise suspicion that so many of said people are Jewish.
The more I watch this show, the more I'm convinced that it's nothing more than an excuse for John to purchase weird shit he'd otherwise never be able to 😅
Pretty much, yeah
And to force HBO to make giant donations for essentially no reason
In order to be allowed to purchase all three, he should have at least got the definition of inflation right... I mean, if he doesn't even know what inflation is, why is he talking for 20 minutes about it?
@@phoenixnoire2435 What did he get about inflation wrong? It is caused in part by scarcity of goods.
@@jlev1028 no. That is absolutely not inflation. Inflation is when the overall money supply is increased (when they print more money). Now you have the same amount of dollars, but it takes more of them to pay for things. That's why they call it inflation. You can solve it overnight by destroying a portion of the money supply. But corporate shill pseudoliberal Jon Oliver is never going to tell you to eat the rich.
What he was talking about was other financial phenomena such as supply and demand, which also have an impact on prices, but are very much different from inflation.
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@stephaniestella213 Having a coach is key in a volatile market, My advisor is " *Ingrid Cecilia Raad* " You can easily look her up, she has years of financial market experience.
invest in resthomes haha
@@stephaniestella213 I'd look for a fiduciary financial advisors. I wouldn't trust a financial advisor without that.
I used to play this game called SimCity. You could build the roads and power lines. Zone different areas and collect revenue. After getting good and having a huge population I could boost the tax rates until most left and then I'd lower the taxes and they'd come back. But I'd reap awesome profits. That taught me a lesson in modern economics. Especially the squeeze them dry part.
And I bet there wasn't a mechanic for people catching on and the trick getting less effective each time you did it...
Did you just explain SimCity to the Internet
@@lewiscopland4568 An extremely small section of a tiny part of an infintessimal slice of the internet. I'm not very popular.
It shocks me everytime I'm reminded that America doesn't have tax included in display price
wait what. are you serious?
It is just a psychological trick to spur purchasing. American sheeple will put up with just about any dishonesty. We have been well trained to accept that we don't have the information necessary to make rational decisions.
Canada as well. And, you may not believe this, but at 41 years old, and a politics junkie, this is the first time I've heard that a country DOES do this.
We don't have that either in Canada, most people learn to calculate their local sales tax when learning the basics as a child. Of course there are people who are unwilling or incapable of calculating the tax and just wait until they get to the cashier.
With just the slightest amount of empathy for companies in this instance, making unique product labels for each state, county, and even some cities, with differing tax rates would be a logistical nightmare.
When we start seeing more of John Oliver's episodes per week, that'll be Johnflation.
😂
We must keep that from ever happening, simply put most quantity means less quality...
Be VERY careful with that word. You might give Rule34 ideas.
Sounds like a jammed toilet
That's the opposite of correct. Inflation happens when there's LESS of something. Did you not even watch this video, the video that you're commenting on?
I’m 18. I have no idea how people get up in the morning when this is what life is apparently like.
Because it's get up and do what you got to do or be a homeless loser. Those are your options.
If we don't, we starve to death. Good motivation
Same.
join a union? join collective actions who have practical and pragmatic changes to actual policy. vote based on policy, platform, principle. and work on these issues. You may as well. So many are asleep at the wheel and don't understand that when I was your age (1988, it's been a minute), there were all kinds of funded programs and options that specific legislators and presidents have torpedoed, underfunded, or sunk.
My educator parents were about to have three kids in college - so we benefitted from the work hard-play hard scholarships, grants, loans (not yet privatized so rates were reasonable, doable), we worked while in school. I work with young adults and mentor high school seniors. What our politicians and corporations (looking at you HR and hiring managers who love to dump on GenZ) have done to drop the car on the blocks in the yard in front of the trailer home we've devised for what was once the American middle class, might cost us the experiment.
So, I'm sorry its unscrupulously shrugged off. The Grift has most definitely gotten worse. Imagine what would happen if you have kids on the current course. Apply pressure. Tourniquet where indicated.
Find those allies. MOST of us had a lot more help than we're admitting to, and more than we currently give. I'm sorry that's the case.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Wait.
Nice bot.
Not sure I agree. Inflation hits across the board but hits the rich more than the poor. At least as long as wage growth somewhat keeps up. Meanwhile during a recession people get laid off and often can't find new work. I would know I was without steady employment during the 2007 recession, I had to worm hours all over the lace to make rent and usually solved my food purchases with going back home and having dinner at my parents home.
If you have cash, I-bonds are earning 9.26% at the moment
@Jake Farmers You...definitely work for a financial advisor and get paid commissions.
John Oliver: "See... I need 18 grand to buy three pseudopornographic sculptures of frogs"
Budget Dept. : "Wait, what?"
John Oliver: "We are going to explain inflation to the American people"
Budget Dept. : * *Pulling off a little jar from the desk* *
John Oliver: "And my garden needs them"
Budget Dept. : * *snorting cocaine heavily* * "Approved, here's the check"
It's HBO. The place is 85% cocaine.
@@armchairgravy8224 In the 80s HBO was 85% cocaine. Meth, molly, fentanyl and fentanyl laced heroin have shrunk cocaine's market share.
@@youdontknowmebut tell that to Nintendo
Ok but are they keeping their cocaine in a jar? Come on that's not smart, what if they drop the jar and their dog goes and licks up all the cocaine like the addict it is?
"Little" yeah ok
That penguin segment was really relatable. Here in Germany, the price of my cat food went from 59 cents to 85 cents a can. That hurt enough, but after buying another 12 cans, my cats started turning up their noses. Turns out the manufacturer jacked up the prices and then had the nerve to change the ingredients. I feel like that trainer, futilely holding up a mackerel to a clearly discerning penguin. I wonder how many others are feeling this absolute sense of failure and helplessness.
Joking aside, things are bad everywhere, but Europe is really experiencing a double inflation. Prices had already gone up from the pandemic, and then prices started going up due to Ukraine. A bag of flour has doubled in price. Vegetable oil was unavailable, then finally back at more than double the price. Pasta has doubled. Restaurants are increasing their prices yet again. It might not be a big deal for some, but this inflation of food prices is quite significant for people lower on the income scale, where rent and food are the major expenses. Also, there is no way wages are going up here. I'm not sure what is going to happen, but things feel quite bleak.
Cat food is high here in the USA too and hard to get for wet cat food but my cat doesn't seem to like it anymore like you said they must have changed the ingredients or something.
That is terrible that they changed the ingredients (probably to inferior ones). Cats are kind of picky about their food. If you go and change it on them, they look at you like "you really want to die don't you?"
I am living in Turkey and our inflation is at least 100% a year. Trust me, Europeans have it good, just like they always have. Life has become hell for most of the world in the last years and Europe and the US were mostly protected from the massive fallout of everything: the US printing money, the war in Ukraine and the coronavirus pandemic and broken supply chains.
DM is überraschend günstig im Moment
If you start applying Venezuelan and Argentinian policies to your country. Don't be surprised that you get Venezuelan and Argentinian news on your country and on the TV.
What would you think it was going to happen with that amount of money printing? You became worst than Maduro or Fernandez
You had me at inflationista 😂
Rofl john oliver scalping giant frog statues had me rolling
I love how John Oliver doesn’t just complain about the issues that were facing; he offers one or more solutions that we could implement if we were ever able to agree upon anything.
Yes, & forget how he blamed everything on trump when he was POTUS and when its time to blame Biden hes like 🥱🙄😒🤐
Sleepy Joe adminstration is worst POTUS ever. Letting Russia even think of starting a war on ukraine, letting Europe get Completely surrendered to Russian Fuel and energy, and not seeing it before biden screaming i will wipe Fossil fuels usage from the planet. Well here we are. Stupid biden office and the voters who let him in. Middle class in American cant even buy petrol to go to work and here thry are playing lets do this lets do that, no fuckin result.
It's not so much "agree" as it is voters ever having power again....
Do you actually remember a time when the majority opinion actually counted? It sure doesn't count now.
@@Opinionsrnotfacts574 democrats have won the majority of votes my entire life minus 2004 Bush re-election. 6-3 Republican picked scotus.
@@jaya1000 72% prefer abortion access on demand yet 6 old men in SCROTUS get to tell the country what to do
When he said - it's still family pack, family must have gone smaller.
I couldn't help but laugh 😃
Now it makes sense why $70 billion worth of US Tax Payer wealth is sent to prolong/exacerbate the war in Ukrainie enriching the coffers of the US/UK military industrial complex not to mention the $300 billion of US Tax Payer wealth being donated to US chip manufacturers while Pelosis profit from insider trading on NVIDIA Chip stock. Thanks to political hacks like John Oliver and other late night clowns, truths always get buried while distracting and brainwashing their young and dumb audience, as usual.....
I figured that if they ate less of that, they would be smaller.
In the early eighties we brought calculators and coupons to every grocery trip. This too will pass.
Even the dog is probably a *little bit right* , seeing as how much prices of vacuum cleaners and the electricity they use has gone up.
John showing off his frog statues and yelling "I am good at business!" made my morning and nothing can take me down now.
Honestly I needed to see that. I really hope the inflation doesn't get worse because spending money on frivolous things is starting to become morally painful.
Go buy some groceries.
Give it time, something will bring you down
Hey! Did you know God is three in one!? The Father, The Son, and The Holy Spirit! Bless him!
Jesus died for our sins, rose from the dead, and gives salvation to everyone who has faith in him! True faith in Jesus will have you bear good fruit and *drastically* change for the better!
Have a blessed day, everyone!! ❤
Your worries (yes, anxiety), depression, suicidal thoughts, EVERYTHING will melt away and be NO MORE when you lean on God and put your trust in him! When I have physical pain, I literally pray and the Lord quells it, that I am healed!!
Know that there is power in the name Jesus Christ! His name casts out demons and heals! People are bothered by his name. The world hates the truth and wants to continue living sinfully! God's children are set apart (holy) and righteous.
All I know about inflation is:
If you’re not getting a 7% raise a year, you’re getting a pay cut.
well shit, when you put it that way, you really feel how everyone is getting screwed.
And good luck for those right-to-work states to get some bargaining with their employers.
Just depends, do you commute alot? If you drive alot, a 7 percent raise actually is not enough when you consider gas prices have raised by 40-50 percent. Just depends on where you spend your cash. But yes, generally speaking, we all got a "pay cut" while asking to do more during labor issues. It's bs man.
Holyshit the employer literally always taking gross advantage of the employees I hateeeeee reality
Yep
We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?
@@marianparker7502 The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.
@@Robertgriffinne Do yo mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.
@@mesutserim1595 Sure, the investment-advisor that guides me is Corinne Cecilia Heaney, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@Robertgriffinne Thanks, could really use the recommendation, I've been losing a shit-ton lately, I looked up Sandrine and I wrote her detailing my Fin-market goals
@@Robertgriffinne This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Corinne online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Thanks
I'm in my cube laughing like a madman at 7am
This posted the same day my parents had to sit my little brother down to a talk about keeping groceries to a basic minimum for the next few months. John's timing is always eerily impeccable.
You can go to food pantry’s no questions asked
If you have a garden you can plant some vegetables there: it's a great investment in both money and health.
And you can live without softdrinks and alcoholic beverages... water is healthy and cheap....
And you can dry clothes using the sun, just hang them outside: no electricity cost, 100% cheap..
@@arzigogolato8944
Yeah I’m sure they never thought about cutting out alcohol and soda 😒🙄 and that would save them what 50 bucks?
They may want to tell him it might be for a few years, and get worse.
50 bucks is huge money for people in needs. Also it only have good consequences, as soft drinks are horrible for health.
Me being from Argentina I can say: you merely adopted the inflation i was born in it molded by it.
Underrated comment 🤣😂
Argentinian watching this with 7% inflation last month
I’m from Venezuela. I don’t need to say more.
So you never saw deflation until you were already a man?
Did you become a super villian? Argentinian bane?
It seems John Oliver is the king of the frogs with this segment.
When Biden said I can taste it? that was the most hilarious thing I have ever heard for sure. LMFAO!!!!!!!
"Historically hasn't been the Feds role" - This is hilarious, so glad they included this line
I feel the guys pain at the gas pump. I say the sane thing everytime I put in 20 or 30 WTF is this, I'm still on empty 🤣😭🤦🏼♀️
The 'Oh Fuck etc' textbook... 4th edition. Subtle toss-off jokes are one of the best things about this show.
Fun fact. A major oil company i used to work for back when oil prices dropped significantly at a meeting our boss said they could profit from $38/barrel. About 8 years ago or so.
There is no oil shortage, we are not running out. The gas inflation is just because oil companies by default raise prices whenever there is any conflict or other crises. Then when people cut back and its reached its peak they cut it back a little, wait till we get used to it then leave it at just below our tolerance level. Rinse and repeat every year.
They they go eat lunch at high end restaurants and give themselves bonuses big enough to buy a new truck. Something to think about.
(Begins sharpening guillotine)
Oil companies do not directly set prices. They sell at whatever the futures exchange settles at.
@@theBear89451 There are only a few major oil companies. They collude to keep prices high. Also,it is mostly the same companies controlling the crude market, owning the refineries, and the gas stations. Exxonmobil, BP, Chevron, Shell. They profit all the way up and down the market ladder.
@@theBear89451 And the futures markets are necessarily impacted by the decision to artificially stifle supply...
There is no shortage of *any* products. There's a shortage of need to actually charge the real value of their goods and services, instead of whatever highway robbery they can get away with.
At about 10.5 minutes in, John said "the larger macroeconomic point." But I was still hung up on the penguin story, so I heard "the larger mackerel economic point" and had to pause it to fully understand what had been said.
I'm going to need you to tell me the difference between these two pictures...
Wait, he didn't say that?
"But the bigger fish in the pond here is..."
I heard the same!
Thank you for my heartiest chuckle of the morning!
The frog statues make me wonder how much money HBO throws at this show
One of the best mass-market (and entertaining to boot) explanations of an incredibly nuanced and complex topic I've come across 👏
John slowly, but aggressively leaning into his furry fandom over the years is my favorite quiet subplot in TV history lmao.
You laugh, but the Therians and Otherkin are next in line for getting their rights mainstreamed
7:15, I was hoping for reggie :/
Well what would you expect from America's second favorite Zazu?
Now it makes sense why $70 billion worth of US Tax Payer wealth is sent to prolong/exacerbate the war in Ukrainie enriching the coffers of the US/UK military industrial complex not to mention the $300 billion of US Tax Payer wealth being donated to US chip manufacturers while Pelosis profit from insider trading on NVIDIA Chip stock. Thanks to political hacks like John Oliver and other late night clowns, truths always get buried while distracting and brainwashing their young and dumb audience, as usual....
I really appreciate John and all of the team behind him to make this show possible. Kudos to all of you folks.
Yes, they're quite brilliant.
It’s nice he actually breaks things down for people. The more informed people, the better!
@@couragekarnga8735 brillant
@@lukaslambs5780 lmfao. You need to learn some economics. This is just bad.
@@gerbs96
Come on... it's only missing like 90% of the story. A for effort.
I love that John sees himself as looking like a large, flightless bird. Now that he says it, he seems like the kind of large, flightless bird that would be a hilarious pet.
Kudos to the accountants at HBO for allowing the requisition of those frog statues. I haven't laughed so hard in years.
What's funny about the Gatorade one is that both bottles are still sold at the same time.
My local grocery store was not selling the 32oz a few days ago. I think it may be a slow transition wherein all varities are slowly transitioning. Powerade has already followed suit, so the smaller size 28oz is on sale for 99 cents again like the old size used to be.
It's the thirst mutilator. It's got electrolytes.
I think they have been making both bottles for years, they may/may not be phasing out the older bigger 32 oz style, idk. Whether or not he was right about the Gatorade example, his point still stands.
I swear the beef patties on a Wendy's burger are getting smaller, in addition to everything else that is 100% going down by weight/volume. We don't have to argue about it when the listed net weight is literally reduced.
I don’t drink Gatorade I only drink brawndo it’s got what plants crave
Hey! Did you know God is three in one!? The Father, The Son, and The Holy Spirit! Bless him!
Jesus died for our sins, rose from the dead, and gives salvation to everyone who has faith in him! True faith in Jesus will have you bear good fruit and *drastically* change for the better!
Have a blessed day, everyone!! ❤
Love that John Oliver always makes some weirdass purchase no one would ever think of, and then manages to work it into whatever topic his show is discussing lol.
You love that he spends money on dumb stuff while most of the country can’t afford basic necessities?
@@firstlast8258 yes! I love that!
I will always wonder and suddenly feel aghast of the thought of where TF is he searching for getting those items listed?
@@bongoblast9831 🤡🖕
for the tax write off right
5:51 John we know there is only at best two left. You bought one didn’t you? 😂
Me now living in Alabama, moved her from Poland.
I must say... I laugh myself to coma every time I see and hear people complain about gas prices.
“Large flightless bird that’s a bitch” made me laugh out loud. After chemo. Bless you!
The new featherless biped ... Diogenes is quaking
Hope you're doing okay!!
Much better thanks.
Love how John uses HBO's money to buy all the oddest crap he ever wants
Irony; he gets them approved. That's how news sell in the country.
He also paid off millions of dollars in hospital bills. Remember he is better then Oprah now.
alternately, they're replicas made by the prop department for much cheaper
the ultimate tax write-offs
Show production costs are usually _very_ high. These kinds of segments are _relatively_ cheap. Same with the donation-related ones. So while it may look like he's just throwing big money around (including at worthy charities) - at the end of the day it's made up for (or more) by the savings on segment production cost vs episode budget, while also being good entertainment. That makes HBO happy. Good money and quality attention goes to worthy charities, which makes most others happy for wholesome reasons instead of _always_ riding a schadenfreude train.
I've met the Inflation Guy! He really knows his stuff, and has a passion for his work. He's a national treasure.
This show consistently makes me laugh and provide essential info without the BS. Best show on tv…for years
Thank you for your videos
Amazing
Foarte tare
Amazing 👏
@Nathan Pipper sorry, I don’t follow manipulative people or deities
As soon as he brought up the frog statues I thought, "He bought one and he's got it in the studio." I didn't expect to see all three. Well played, John. Well Played. 👏
Its funny and they know that meeting the expectations of fans gives us a quick shot of endorphin for being able to predict something. Which keeps us coming back for more.
The biggest companies are thriving right now because all the macro conditions are in favor of them," said David Russell, The PCE numbers give us a confirmation that the worst of the inflation crisis appears to have passed. . I'm currently sitting on more than $327k of cash, Any stock recommendation?
You should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
My advisor is *Sharon Louise Count* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
VOO and chill.
13% inflation on electricity is something we in Europe would love to have. During the winter prices are expected to be 1000 to 2000% higher than usual where I live. Even last year they were 1200% higher than normal and that was before the war. Last winter price for one kWh went from 5 cents to 60 cents.
Dude that guy raging about his 20$ gas tank fill up has me rolling 😂😂😂 that’s humanity right there lol
He bought a NEW car so F HIM! it's a Red Bull rant we can live without.
I'm super disappointed you didn't mention that oil companies are price gouging and republicans rejected the bill to stop that
Nah ALL the elites stopped that. Dem/republican is an illusion
Why does it always have to go back picking a Republican or democrat side as being in the fault. They’re both as responsible and check out each other with inadequacy and lack of protection of citizens towards greed.Just pick an anything, and they’re both right there hand in hand.
When oil hit zero per barrel, a lot of mid wage people invested in oil stock and now they want there money.
Because it would have stimulated your ego by being better than republicans?
@@backtoblack4686 Excellent job completely ignoring the substance of their comment. Guess you've got no problem with price gouging oil companies. Seeing how defensive you got over the comment, that's not really surprising seeing as you're more partisan than sensible.
"I am the Warren Buffet of frogs!" Greatest closing-line ever (even noting that it probably was supposed to be, "frog statues").
Fourth edition of that book -- has to have some good merit to it.
I wish I could be a fly on the wall during budget meetings for this show. Imagine having to justify purchasing not one, but THREE giant suggestive frog statues to your boss.
they will immediately approve if they see the fly
Sure, workers demanding higher wages might cause businesses to raise prices and increase costs of living, but that'd be a hell of a lot better than businesses raising prices and increasing costs of living *without* any higher wages.
How though can a business pay higher wages and NOT raise prices to some degree though? All businesses need to make a profit.
@@LokiDWolf They need to make "a" profit not an "gigantic f*ckload of money" type of profit. US Americans have the tendencies to act that businesses would shout down if they wouldn't make billions every year in profits (this of course only includes the biggest ones). We should attack the margins because they get higher and this is also because all political decisions tend to be in their interest because the US is more of an oligarchy than an democracy
@@LokiDWolf Businesses are making record profits. They could simply pay people a fair, living wage and make slightly less profit, but still billions of profit a year.
@@whetlarper I didn't realize all of the businesses are already making infinite profit and have plenty of room to just pay employees more and make no other changes. As the video said, they did not suddenly get greedy. They were like that the whole time. So even if they were making record profits (some are but plenty are struggling), they could still use higher wages as a reason to raise prices in order to maintain that profit level. And with more money in people's pockets from those higher wages, demand would be able to keep up.
@@aaronsacks470 Letting poor people starve so the middle and upper class can save a few bucks is psychotic.
The creepy Biden part is the most replayed moment. 😂
Thank you, Oliver. (And the team!)
The mom talking about how the kids being just as self conscious about spending reminds me of having to hop into dumpsters for recyclables so we wouldn't lose the house because I was too young to get a real job.
I can't tell if you're being serious or not and that's really freaky. lol
I also can’t tell if this is real or not
Gotta do what ya gotta do
i cant imagine being just 20 dollars short on a house payment ( how much can you possibly make from recycling ). I feel like housing is one of those things where you hit a point where its just unafforable and you cant save yourself with a single paycheck, penny scrimping, or begging on the street or in your case searching for cash. At best its delaying the inevitable which in the case of housing luckily already has some built in delays in terms of laws preventing immediate eviction. If i found myself strugging to make rent i think the best bet would be to stop paying as soon as possible and start saving for your future potentially homelessness because any money going to rent / mortgage is a lossed cause.
I've been there. My dad used to let me from school on may 6 when we lived in a mostly mexican neighborhood. We would spend most the school day collecting cans. We would go to Wendy's for frostys afterward.
I work in an investment company and I attend a lot of briefings and market updates from economists and the biggest investment companies, but this segment explained the current inflation scenario much better than any of them. Kudos to John and the team for making an otherwise boring topic into an exhilarating segment.
If possible you should have this link played in a 30 minute meeting. Bet everyone would prefer this version.
Can I recommend some other channels:
Perun for getting a better understanding of the Russian/Ukraine conflict
Beau of the Fifth Column for sensible views on US politics
Just Have a Think for some of the best coverage on the topic of climate change
asianometry for great insights into especially Asian companies, most of it in computing.
We had repo failures in September of 2019, good think that "pandemic" relief package was passed. You are probably adequate with math.. Each US citizen could get up to $1,200, and there are 330 million Americans. What's the MAXIMUM amount that US citizens got out of the $5 TRILLION relief package?
@@tashumbriamiller Definitely. Most of the speakers are dead inside. 😂
Fuzzy
Ya while they gave up dollars to businesses they tossed a nickel to poor people so they wouldn’t revolt. It’s all about bread and circuses. Haha things ever get bad enough the government might provide a free Netflix or something along with free phones. And Obama may have gave away phones but it was so the nsa could learn more about everyone.
He could have mentioned industry consolidation and how we could be using antitrust laws to combat inflation.
oooh! That's old school. US is notorious for very rarely exercising these muscles. Note: the recent moves by feds on a few of these instances in an economy with whole industries swimming in this ALWAYS brings some lobbied pro-corporate goons out threatening to CUT the agency's funding. Happening now.
Enforcement and prosecution (and improving criminal and civil penalties for the Operator CEOs and managers, not just fines for the "company") are a serious issue.
Support.
Please keep teaching. Thank you.
From the Wikipedia piece on the Jon Stewart-Jim Cramer conflict after the economic collapse of 2008-2009: Jim Cramer was shown simply affirming "Your money is safe in Bear Stearns", followed by a Daily Show statement that the global investment bank went under six days later. "If I'd only followed CNBC's advice, I'd have a million dollars today", [Jon] Stewart said during the piece, "provided I'd started with a hundred million dollars."
Jon Stewart is such a G.
Jim Cramer's only job is to sell whatever the financial markets are pushing. And the financial markets are only ever pushing people to be bag holders. Anybody with a goddamn brain could see that Netflix was in trouble due to all of the competing streaming services, but Cokerat Cramer was out there in January telling people to "buy buy buy Netflix!" That's why there's a recurring meme amongst investors called "Inverse Cramer." If he tells you to buy, run like hell.
There are a few flaws with the debate John is making, as A LOT of the rise in inflation is coming from corporate greed. The single biggest example is gas prices, particularly how gasoline affects the overall price of products, particularly when almost all grocery products are shipped by trucks nationwide.
Gas demand has always been the same and during the pandemic it actually decreased. But the oil cartel OPEC and US companies saw an opportunity to raise prices to "gain back their loses." There was no justifiable reason to raise oil prices except for corporate greed and this affected and still affects the supply chain up.
Other companies like Walmart had no reason to increase prices as well, which is one of the companies that also feeds a majority of Americans and supplies them for household products. We see with companies who didn't raise their prices it did not affect them at all, and they're still making a profit, yet those that did have done so for greed to nickle and dime the every day American.
You also have to realize that MANY MANY companies during the pandemic were heavily subsidized by the federal government and given millions of dollars to stay afloat, meaning that supply chain issues should not have been a thing as they were being backed financially. Instead of using that money to increase employee pay or maintain their facilities many of these CEOs instead invested their subsidized money into stock buy-backs and did not invest to improve themselves. Hence why we see the flight delays and airline issues today.
So in some ways what John is telling is true, but in many other ways he is avoiding to discuss a bigger and troubling issue. He's making you think that its the common American's fault ... but it's not. None of us went to buy jet skis with the stimulus package but invested in things we were already buying or doing, and even better when deciding to upgrade on certain commodities we were wanting to do for the past 10 years. My parents were wanting to do a driveway upgrade but never had the money. Now did supply chain issues hurt the driveway business, which I'm pretty sure was hurting for business, because they were asked to work and do their regular business? No, but I'm sure they would come up with some BS to justify a price increase. Which again, greed.
@@yrazu05 fam you should've made a comment, not replied to something unrelated.
@@yrazu05 That was a long, thought out, comment, but completely wrong. John is correct. As John points out, your comment does not understand how time works. Corporations have always tried to maximize profit. It you were correct, we would have had high inflation for the past 100 years.
Oil dropped so low during first 2 years of covid that hundreds of wells were plugged. Those poor starving oil tycoons need to make up for those losses...what a racket!
It’s literally the world’s most-profitable industry. That’s why we’ll never really address global warming
Yay
I think You nailed it. It's just about getting the Money back that they burned durig Covid.
They blocking the supply of a lot of goods so every greedy tycoon can raise prices
It really is quite sad, I'm sure they had no choice other than laying off the people that made them their money... Because companies no longer have any respect/obligations for their employees. Just look at Walmart, or Bezos. Their employees are on food stamps, or are peeing in soda bottles... Corporations really can't regulate themselves. Some business owners do right by their employees, but when profits over caring about your employees is mandated, it's not surprising that basically no one has a pension, or health insurance, or job security... All the while record profits for many companies...
he needs a journalism award
Yes.
"Snart" is the Danish word for "soon". xD
Been hating shrinkflation for more than fifty years. Finally came to expect it, like corporate greed and international war.
Just another hit against quality of life.
Shrinkflation is nothing new.... I've known about it for years.
@@mtn1793 still better then raising prices
@@luisandrade2254 Wait. Less product for same money? That IS raising prices man.
quite the mosh up here. I think you're on to something. There are great timeline analyses (and some very clear and direct causal models) for the three horsemen you've named here. Yup. They're pretty kinked.
I love how he discusses the issue along with both positive and negative sides, and yet end up keeping the hopes alive
Because they explain and teach so much, Truth is a breath of fresh air.
I love how he discusses all of that but he doesnt explain how we needed to balance the budget and saved a little bit of money for rainy days like the pandemic when things were normal but the big government went on spending spree and some and then had to print money to keep the party going
And it’s sad that this type of content has to come from a late night show instead of mainstream media. Fearmongering and politics benefit them more, I guess.
This was a pretty smart episode. They had to balance that with the frog. But I was more impressed by the facts than the frog!
I want "I am the Warren Buffet of frogs" on a t-shirt. 😂
Love the ppl who know the decades of this. So grateful.
Ned is one
There will always be issues like this in a society that values things over people.
True, but people need things. Money and goods have to circulate. The real problem is that citizens are going to be the ones who inevitably get the short end of the stick, because the one link in the chain of the inflationary cycle that takes the longest to adjust to the changing markets is... wages. Most of the time we only get one chance in a blue moon to ask for a decent raise, and if inflation jumps up drastically afterwards you're SOL.
But if we'd maybe paid our employees well enough _to begin with_ we might not have been seeing the massive supply issues that we were seeing across the country. Major trucking and warehouse shortages were all over the place, but nobody was racing to pick up the slack because the jobs pay too little and they have godawful working conditions. So on that front, you're absolutely 100% right that we're not putting enough value on people here.
The price of paying people more will cause prices to increase, yes, but at the end of the day we're more likely to see a gainful recovery from it that actually solves the core problem we have, which is supply issues and productivity. We're deep in the shit because the Fed tried to fill in the gaps using pure monetary policy, but they can't just pull all of that lost GDP out of their hat like it's a magic trick! Yet that's all they know to do. All they have is a hammer and everything looks like a nail to them.
Amen Comrade
Well, specifically an unequal society would value things over people
Why use the derogatory term "things", when the term "standard of living" is more accurate?
@@theBear89451 Objects are objects. "Things" in reference to objects is not derogatory in any way, shape, or form.
how is it possible that an hbo comedy show is delivering more differentiated and balanced journalism than any other american news outlet? as always, my hat to you last week tonight. impressed as always.
Same guy who, a couple years ago told you inflation was not a certainty post money printing bonanza.
Oh, I love John, but he definitely has his own agenda. How many stories has he done over the years where he shows both sides of an issue? Usually, all democrats good, all republicans bad. Entertaining, but not balanced.
@@alexpatrick2522 Right wing talking points from you.
This show unfortunately isn’t balanced at all. I watch him all the time, but it’s mostly left leaning. I fully enjoy the topics where politics are not involved
In this case he conveniently forgot to discuss the effect of sanctions... Not unbiased at all