Home Depot ISSUES STARK WARNING TO U.S. ECONOMY
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- čas přidán 16. 05. 2024
- So far in 2024 there have been more layoffs and we can't even count. Every week dozens of companies are announcing more job cuts we get we keep being told that the economy is doing great. Also, something I want to uncover in this video is the booming stock market. One of the reasons the companies are doing so well is because they are cutting a massive amount of jobs reducing their expenses. Not something you would see in a strong economy.
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People Can NO LONGER AFFORD THEIR PETS! czcams.com/video/ssngcCbp_jU/video.html
Hey Michael, something fun to have in your video. Maybe a special bloopers at the end of the video, not to all videos, but just sometimes to get a kick out of it.
I hate self checkout, I go where they have cashier's
Thats not so true. Breeders still sell tons of puppies and dogs.
@@elisabethgardner6321stop breeding dogs. Breeders are the problem. Adopt a shelter dog
People are eating their dogs and cats 🐈 as food is too expensive.
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.
Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
They were deemed essential by government ,while mom and pops were forced to shut down.
This was all planned. It’s going to continue. One domino at a time.
Karma.
All intentional. All planned...
Worthless/corrupt government !! Fixed it 4 ya
The Plandemic was the greatest transfer of wealth in recorded History.
it's not just Home Depot. A lot of stores are getting ridiculous.
Recently purchased an air conditioner. Needed a bracket to install it in the window.
The box store: $170.00 for the bracket.
Online: THE SAME BRACKET, same manufacturer, same model, $72.
The cost to actually manufacture the stupid thing: Probably
That is the issue, recently purchased...instead of bartering or finding free, unneeded items; citizens will find a free market amongst themselves.
We hang our window cooler by 2 chains. Taught enough so they don't swing in the wind.
yep i bought a knee support/brace at CVS it was $50, online its $7
That is why when the middle & low class income people's wages evaporated during Covid, the higher level CEOs went up 23% in just a few years!! No Great Recession of Quiet Depression for them!! White collar criminals steal more than bank robbers any time!!
Right on. Corporate greed.
Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a june rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years..
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Every corner you turn, they are killing the working class.
By design. By the agenda…… soon we will have Hunger Games.
Big guy gotta get his 10%
Who are "they"
@@elchappo1320 figure it out teach.
@@elchappo1320 Politicians, "aristocrats", corporations, and just plain stupid people who are tearing this country down!
Politicians and corporation have been killing worker's rights and folks are really trying to pay their bills on ~$20/ hour jobs. It's not happening!
If the people in this country don't support the working class, the whole system is going to come crashing down!
Without ordinary people buying made in china crap day after day because they can no longer afford it, your fancy tech job or "management" position is going to disappear.
Sound familiar?
$20 for a fence pole
$5 for ONE panel bracket (need 3 per pole)
$85 for a single 8 foot oak board
$80 for a 4x8 sheet of MDF
Can’t imagine what’s turning people away…..
🎤
Lumber prices are based on lumber futures. Lumber futures trading is big business. The prices are set between buyers and sellers of futures long before lumber shipments hit the markets. Same as oil futures. Buying and selling lumbers futures s highly profitable. One of the main reasons being the global demand for lumber has increased significantly. I had some major projects planned on my property. I looked at lumber futures prices before the pandemic. The futures prediction was a 600% increase in lumber costs. I stocked up. Lumber increased 600%, and the prediction is the prices you see are the settled prices, they are never going back to pre 2020 prices. Demand is too high. China is illegally stripping the Congolese Basin of lumber. They have been doing it for years. There are entire subtribes of people in the Congo that are now slaves being forced to strip lumber. American manufacturers are having to find alternate suppliers of lumber. Lumber prices wont be going down no matter how good the economy gets. Demand is extremely high and demand is growing. We could blame speculators but they are simply profiting on demand and taking risk. Unlike metals, demand cannot be met with a new strike. Only new growth. And forest growing isnt keeping up with demand, or China wouldnt be destroying the Congo.
Exactly! The reason many went to HD was to save money by doing the project themselves. Now with materials marked up so high from where they were 4-5 years ago the savings from DIY have been diminished. It may still be more costly to hire someone but in many cases the only way a person could afford the project was by doing it themselves. At these prices I think a lot of folks just have to abandon the project altogether.
@@lewisshock615 Here in Appalachia if it lasts long enough for us to make it into a pine box it don't need fixin.
Thanks
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
How can i reach this adviser?
vivian jean wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Interest rates "coming back down" sounds like "2 weeks to stop the spread."
😅
That's right. The 40-yr bond bull market (lower rates) is over. We're in a new construct. A new paradigm.
Good one.
“Transitory” as well!!!!
If they do lower rates, inflation will get much worse
Their hiding the numbers of layoffs
What I see is layoffs in the US to replace those worker with ones in lower cost geographies. Seen this same game in 2008-2012 too. Was hoping to escape the rat race before having to play this game again... *sigh*
What they typically do is start with raising the bar for performance to levels that they expect people not to meet. That way they can give poor performance reviews to employees that allows them to justify firing the employee. This saves them from having the negative perception of a layoff while still eliminating employees.
"They're", not "their".
and the hires are h1b1 visas
@@francismarion6400 h1b visa exploits has destroyed the tech industry hirings since 2008.. I would know (many dozens of reports since 2009 for sure)
As a contractor, my business has changed in the past few years. We went from remodeling and updating to a repair company. People are not calling unless they need something fixed that can't wait. My home depot annual spending went from about $80,000+ to just under $20,000 last year.
I'm a plumbing service contractor.. my business is based around plumbing repairs and I have seen such a huge swing in the market. People are holding off on any wants and only doing the necessary repairs. It's getting sketchy out here and seems to only get getting worse.
@@BBPlumbingRepair
RANDY JUDAH TORREZ 💙 <
I'm beginning to by tools and learning to fix it my self along with others You Tube Tutorials! 💯
The retail theft is so bad in NY that stores along i-95 are now getting robbed and stolen items are being fenced in NYC. Whole avenues are empty of stores in NYC, Malls are half empty, 9/10 underground malls are shutdown. Big cities are rotting from the inside.
Thank a democrat.
Every great nation destroyed it self from the inside.Romams Greeks many more
Prepare for the worst if you know what I mean
They still have "malls" in NYC? That is so 1980s. Our L.A. malls died out in the '90s, right when Home Depot started hitting it big.
Big "BLUE" cities are rotting from the inside. Big "RED" cities are not. Why do you suppose that is? 10 out of 10 of the most fiscally unstable states are BLUE states. 9 out of 10 of the most fiscally stable states are RED states.
A couple of years ago it was 9 out of 10 of the most bankrupt states were BLUE states. I seems that the BLUE people are winning the race to the bottom. Do you suppose that not punishing criminals has anything to do with that?
I just interviewed a guy we will probably hire. I had 15 applicants in 4 hours. The guy we might hire he said “thank you, thank you, I won’t let you down”
I think people are hurting. I think the government stats on unemployment are a lie.
100%
We have an old saying: "There are lies, damn dirty lies, and statistics.
Of course they’re lying! They change the way they calculate unemployment, inflation, the CPI, ect…and then have their media mouthpieces gas light the crap out of the populace in an effort to sustain their power and control.
They are Lying. They go back & correct them weeks later & legacy media outlets never report on it.
Some recruiter said the majority of listing's online for jobs are fake and the companies are incentivized to post them even though they don't have jobs
People are holding on by a thread. Rent is high, houses are unattainable, jobs don’t pay much, everything is taxed, interest rates are high, everyone in debt, gas is high, car prices are through the roof, and nobody is hiring. Idk how the “Economy” is doing so well
Trump 2024
good point. your house going up in value also means your insurance and home insurance is going up too
Only the people" with money" are doing well. They can afford higher costs.
@@billon2wheels cause DJT giving a multi-trillion dollar tax break to those who don't need it couldn't have caused any of this.... /s
But still fill football stadiums to watch rigged nfl / ncaa games , so they have money just a matter of what they want to save for
My wife just got laid off. She has applied to a lot of jobs since, like over 100, and all have sent her a "sorry" reply because she can't even get an interview. My wife has done a lot of jobs and is more than qualified for all the jobs she has applied for. Sadly my salary can't pay everything and we are getting close to losing our only vehicle and we have 2 kids to take care of. So even if she does get a job if we lose her only way to get to work what good will it do? The US is headed for some real hard times because crooked people have been in power too long and companies are more worried about profits than employees.
Well, businesses can't stay in business if they can't make a profit. Where's your savings?
My girlfriend's daughter & husband worked for IBM in Raleigh, NC. They worked from home. They were both laid off about a month ago. He was making about $150K and she made great money, too. They're having a heckuva time finding a new job.
Same. Tech market is in utter shambles.. in the SF Bay area they had over 350K layoffs. With that many in that area.. first employers looking for new hires can take their time and try to find the creme of the crop. Second that means for every job you get 1000s of applicants. I am literally qualified for dozens of jobs.. tick 10 out of 10 boxes. And within hours of submitting resume I get the same email (when I get one) "We're moving on". Like WTF? I didnt even get a shot at talking to someone? 20+ years high level experience in every area you need someone.. and I dont even get a shot at talking to someone. I said above, this is by far.. exponentially the worse. I believe it is the beginning of the end of lots of lucrative high paying jobs. With new jobs starting out of the gate with automation and tools that do the work that used to take humans.. and AI just making that way more likely as well.. frankly the movie/music industry got smart and fought that.. because I can tell you AI is already good enough to replace most of them.. millions of people paid good money.. it's already replacing HR, customer service, accountants, and more. I almost welcome WWIII just so we can thin the herd as awful as that sounds because I dont see this getting any better for us and I see it getitng a lot worse. I read the other day interest rates will remain high for a couple more years. I dont even know how thats going to work. People cant be paying $800 a month on a honda civic for 72 months.. nobody will buy them. Let alone the fact that the average cost of a car is 38K now.. at 9%+ interest. That's just insane. Something has to give. When a cup of fruit is 4x the price of french fries.. and we're worried about obesity and health care.. but we're charging higher for the stuff we need that nobody can afford.. if that's not writing on the wall I dont know what is.
The takeaway lesson is….if a job can be done from home…..it can be done from Bangladesh . 🤔
All the ding dongs that championed “the new normal” and work from home culture are beginning to get their come uppence.
@@ro6742 A real good point you made regarding work from home.
This….
Covid determined which jobs can be done remotely. Now they will be outsourced.
@@BigJohn-uu3sp I dont know. India is more expensive to hire now.. and from my experience a LOT of outsourced management failed multiple times the past many years. I don't see most of this being outsourced. I'd see more work towards AI and automation vs outsourcing to cheaper labor. Some will of course, but the time difference and managing entirely different work/life culture is hard to do remotely. As many found out and either folded or brought it back in house.
I work in the software industry and was out off work for 11 months, as soon as I found a new job, my wife and I decided to payoff the house which was our biggest expense as we have no credit cards or car payments, when I was a young child my dad told me the only thing you have to sell in life is your labor. I have No loyalty to my employer anymore, my loyalty is to the paycheck, I work my 40 hours (Even though I am salaried) and that's it, why would I work more than that when a company will let people go without a thought on how they will survive!
Sadly the off shore workers will do what it takes. Even have family members working with them around the clock.
@@unclemonster48 All part of the plan to drive wages to zero. Slavery is alive and well in the USA.
I've only ever worked 40 hours and no unpaid overtime and I'm in software.
Yes, I understand. This year our government is allowing over half a million H1B foreigners into our country to take your job. Remember that in November.
Im 37 and worked my butt off. Multi millionaire now. Good luck retiring with that mentality.
The thing about the unemplyment numbers is, they don't count people that quit looking for work and still unemployed but not collecting unemplyment.
or part time and gig workers.
And of you was employed for the year and all the sudden you need help from the government. Well tough luck because you can’t get benefits because you earned too much money last year!
Ive been unemployed for 2.5 years.
They only count the people collecting unemployment Benefit as being unemployed. After 6 Months you are no longer unemployed, you have adopted the Jobless life style and most likely will choose to be Homeless. Then choose to become an alcoholic or Drug addict. Then choose to get involved with our perfect criminal Justice system, where petty crime is punished but the Major Crimes of the well connected are never.
People who go back to school when they are unemployed don't count either.
I am employed at a veterinary clinic. They judt informed all the employees last week that they are reducing our hours due to reduced profitability . I am going from a 36-40 hr to a 20-25 hr week. We are already understaffed as it is. This is going to make it way worse.
That’s happening in every job sector it seems behind the scenes not spoken about the 35/40 hr work week is shrinking it to 30/32 hr work basically a 4day work week either you take it or you quit to find another job to find out all companies are doing this …my sector is Big box Luxury retail dept store there eating from the inside out slowly squeezing out what they will keep and what to let go or just eliminate job titles completely to give the duties to be given to another still standing in that office that’s next in rank proximity though it doesn’t just end there several depts like support staff cuts, facilities will start changing who they buy from for the day to day operations which then affects other things
@@chaka1370 Thing is.. unlike any other time in our history.. these jobs aren't going to be replaced by new jobs. This is the beginning of the walled cities and a massive number of people without work. Between technology, automation and yes AI, a massive number of jobs are no longer needed to be done by humans. Hell they got machines that pick crops faster, 24/7, better than humans. The cost of the machines are millions..but after a year of not paying 100s of people to do that work, and running them 24/7.. they pay them off and make profit. I've been saying this for years, as someone in the tech sector finding every single job I apply to having 1000+ applications within minutes of it being posted.. it is by far.. and I mean literally exponentially much worse than it was the last few times we had layoffs.. combined. What exponentially increases that is that most of these jobs will never come back or find new jobs. Mark my words, you're going to see more and more people moving in with family, or renting small tents, etc. I am already thinking about it. I have about 500K in assets if I sell my home and stock.. and I am afraid with hopefully 25 to 30 years left to live.. that wont come close to keeping me living anything but miserable. There will be some that get lucky, invest just right or sell a company, etc.. and make big money. But money wont matter much if nobody else is able to work to spend.
This is the beginning when the federal reserve made a big mistake with the delay in increasing the reference rate. Stagflation is not as bad as going into a major depression, so I’m waiting for the US government to start another major world war to stimulate the economy or expand the current proxy wars the US currently are leading! IMO
See does that make any sense. Understaffed ? So I assume that means there is a lot of work due to understaff and yet they cut hrs. They do and say same at my job
The space your employer rents has been financed based on sky-high valuations and I’m sure the rent costs are crippling the business. People love their pets but the costs of vet care can be laughable.
My husband is self employed and visits Home Depot and Lowe’s on a regular basis. I sometimes accompany him. Those places are almost empty 😢 nobody is spending…. Very few subs buying a few supplies. The economy is going downhill fast.
It's amazing how empty these big box stores are every time I go in.
The men are hiding from the women. Google where the pickup place is for single women? Home depot. Lol. They rejected men now single men aren't asking them out
Quit going when they're closed
It's crazy you mention that. I haven't stopped in a Walmart or Home Depot in probably 2 months (east coast Florida here), and I had to run to both Walmart and Home Depot just yesterday and both were absolute ghost towns. They were the emptiest I'd seen either one of those stores since probably 2010 or 2011.
They are packed in Colorado.
@@jayc4715 😆
Companies haven’t yet learned that if they don’t have employees in the country, soon they won’t have customers. Offshore? Eventually you have to abandon America and fully relocate to where you pay people to work
NWO is global
I’m no economist, but I’ve thought about what you are saying as well. If you don’t pay your employees then who is going to buy your products and buy your other corporate owner buddies products and vice versa? Is greed that powerful that they don’t plan to have repeat customers in the future?
depends how far up the value chain you are. I can offshore a load of crappy jobs and still have different people as my customers
Corporate greed is insatiable
AI will soon replace workers and they will say it's our problems, and that we should of gotten a real job.
All these home Reno shows have resulted in people over capitalising on their originally affordable homes. They think they can get this “investment” back at sale time. Whatever happened to having a simple, clean and cosy home?! People are just not realistic anymore and keeping up with trends has driven some of this that we are seeing.
He is spot on with the way corporations look at valuation inflation. Again, investors are really the ones responsible for most of our economy woes. They always get their cut first.
Corporate stock buybacks are killing us. The executives and investors make millions while the company uses most of their profits for these buybacks instead of investing in growth and better wages for employees. This activity needs to be banned like it was in the 30’s or we’re all. Doomed.
People are denying we’re in a recession. It’s happening daily as we speak. It’s about to get way worse
what ever you want to call it , that's fine. Since 1980's - present time . Since Covid it has the WORSE
recession and some calls it a depression , in History .
Undeniable since 2020
I’m doing great buddy
Just because our Bidenomics government decided to redefine the word “recession “, doesn’t me we are not in one. Maybe people will wake up soon.
Where did you get your economics degree from?
Holy cow! 1.7 M for a house that looks like shed and probably built in the 60s! People are nuts. 😮
Yes they are
And look at those taxs.ill stay with my 1800.00 a year taxs.
@@brianmatthews4149 before I got outta Dodge mine were 22k annually
I looked at two houses yesterday, both priced at 300k. Both the most disgusting dumps, one was mold infested and many broken things going on, the other was a house from the 70s, every single thing in it was original including the stove and microwave, nothing was maintained, painted over painters tape, like what
@@brianmatthews4149 Want to pay $500 a year move to west Kentucky. Graves county is one of the cheapest places to live. Average home 159k average rent $700 but that is high. I pay $300 a month for a lot. free water. I pay no taxes because my trailer is not registered and these people don't care so long as they get paid every month. If you get into a city then you will have to comply by the laws and pay double taxes, County and city but its still cheaper than what you are paying. I left Florida after companies were shutting down and we were getting evicted. Best decision I ever made. I get paid nothing but cash out here. They love to pay you in cash. Just stay in the counties and you dont have code or laws to abide by. Build what you want and no one will say anything.
I’ve been trying to pay my credit card from Home Depot for about 6 months. I’m almost there
I worked at a factory making parts for the RV industry, in 2022 I went on leave because of health issues, my supervisor stopped at my house and told me that in 2020 they had 500 employees, in 2021 they dropped to 400 and in 2023 they cut the crew in half and if you were one lucky enough to still be employed there, you are a lucky one if you got over 20 hours a week, at 20 hours I week I would have had no choice but to quit, I would have made about $400 a week then you would have to take out taxes, then it cost $60 a week do drive down there, I would have had health insurance to pay, my car payment that I had to get in 2021, that is $50 a week just those few things I would have cleared about $80 a week to pay for food utilities, and other necessities, if that's a sign of a good economy I don't know what a good economy is, and the RV industry is laying off if not closing plants all together, we need a new leader, biden is not it
Full time jobs are disappearing in the Midwest. Takes 2 part time jobs now just for the basics.
And that's still not enough!
You now need 14 jobs!
The good paying jobs have been laying off all over the country. The so called great jobs numbers are based on minimum wage and often part time jobs, and of course, government jobs (which produce nothing).
your standard lower middle class full time job's starting pay is roughly the equivalent of $12-14 pre pandemic in the midwest.
Except now McDonald's is paying $12-14 starting out here in the midwest so now warehouses and other jobs that involve quite a bit more labor that pay the same can't find jack shit for anyone to work at those wages. No shortage of shitty warehouse jobs paying $12-14. There's just not good jobs paying 60-100k+ per year in the Midwest unless you are a medical professional, higher ed, or very high skill IT.
Having a CFO named "McFail" strikes me as a red flag more than anything.
😂😂😂
Naw finklestein seems to be the name I see
I found that funny too. Like the names the bad guys got in Donald Duck magasins.
Probly should be McFaile, pronounced mecfeel, in Gaelic, but yes, bad "optics" in US.
Should have hired Robert von Kikass.
Amazon’s business is going downhill rapidly because merchandise quality has taken a humongous dump! I cannot find any clothing that doesn’t have dozens of 1 star ratings. People are whining about the dumpster fire being created from all the low quality clothing being thrown away or returned-and then thrown away by Amazon!
When the price of building materials get so high where you can't afford to build a house, places like Home Depot are going to feel it the most. I agree, it's all a chain reaction.
My employer hasn't paid the waste management company and now we have no trash pick up. I told my staff at work to just start polishing up that resume.
What state/city are you in? Just curious.
It is really helpful when people make comments that they indicate where they live.
And remind them that well over half of all job postings are fake as in the companies just post them to look good but no one is going to get hired . We have at least 2 people interview every week . The problem is we don't have any hours for them they removed all our hours down to skeleton staff and are told we have no hours to spare even though we are more busy as ever . Yet every 2 work days i get to interview someone for a job that has zero hours a week .
Literally been in that exact situation, and am assuming same industry atleast 3 times over.. 1 being my own.
same thing happen to me. They gave me one day notice. Nobody owes any company two weeks notice. They made the new precedent.
Everybody wants you to work part-time so they don't have to pay benef.Its updates.Let me do this for thirty five years
Bingo!
Was the same in 2008
If you live in Minnesota, it doesn't matter that they don't offer health care at your job because Minnesota Care is so affordable
Never in a million years that almost 30 years ago becoming a tradesman I felt like a failure because I didn’t go to college.
@@Joce123 They’ve gotta cover that waiting room of Somali girls with menstrual cramps.
I am listening to you from France, and I just want to say that we are facing the same lies concerning our economy, concerning unemployment and the struggles people are facing to survive. Our unemployment is a lot bigger then yours on paper, but it is even worse in reality. It seams it is everywhere the same story.
I like that you’re rational and just putting out the info, without resorting fear mongering for a following.
And>> 20 Million households DIDN'T pay Rent or Mortgages for 18 months!!!!
No wonder they lived for year over they real budget! Buy when you have the money not before.
and that money got blown
Or student loans too
This is absolutely bad policy the Biden did.
All this stuff is going to blow up, sooner or later. Last time there was a recession it was mainly a housing crisis and fuel prices. This time it IS EVERYTHING.
I’ll say this as a person who wants to retire. The real inflation rate, as opposed to what the government tells us, is very scary. The cost of food, housing, gas, etc., keeps going up like crazy. I don’t want to be old and broke.
Government lies about the real inflation rate by ignoring housing and fuel prices, for example. It is more like 3 percent a month now.
You will probably die before you go completely broke, don't worry about it or your hair will turn grey or worse yet fall out.
That's what is coming. There is no hope for anything other than a lower-standard of living in retirement. I saw it happen with my parents, and it's very sad for us in Middle Class.
Have you considered getting fully vaxed and boosted? Hear this works wonders on your fear.
I agree. I think when you consider gas, food, rent, insurance, taxes, mortgage rates, clothing absolutely everything salaries are not nearly keeping up with prices. I know I am more careful when buying things. I plan to look for cheaper cell phone service and home insurance and cable.
My husband is a store manger. Cooperate had him cut 25 hours last pay period & another 25 hours this pay period. That’s 50 hours cut in one month. “Small Town, USA”. He hasn’t had to fire anyone yet, thankfully. But that’s only because his employees quit. He’s had several people come in with job apps that he’s had to say no to because he’s not allowed to give more hours out. Despite desperately needing more employees. He’s a good man who genuinely cares about his employees & it’s killing him to have to cut hours. They’re already on a skeleton crew as it is. The applicants he’s had to turn down have told him that it’s the same situation everywhere. There’s no jobs.
The signs of a decent, responsible man . As a former manager of a construction material enterprise, any personal financial gain vs that of employees created tough dilemmas that I am glad I don't really have anymore. (I went into real estate investment and design).
Wow sorry to hear that
Dont forget about the rampant shoplifting. Not only do stolen iteme affect costs but every stolen item repsents an item not sold.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
it's the prices.... period 😔 of everything.
It's also the job layoffs. Many of the good paying jobs are gone.
Yes 💯💯💯💯💯
facts
Yes, that is inflation
The prices didn't happen in a vacuum - there's a long chain of bad policy decisions leading up to the current situation
Thanx for keeping us informed.
Dude! Great work ❤ thank you
Last time I was in Home Depot all the employees ignored me when I was looking for an item. I said I would go to any small store rather than HD or Lowes. I quit Lowes years for the same reason. Where do these people think their pay checks come from?
A few years ago, I was at Lowe’s and needed an item off a top shelf. I asked a store employee for assistance. He said okay, it would be just a few minutes. He disappeared and never came back. I walked out of the store without the item I needed. Just not worth the hassle. I now shop the small locally owned stores where my business is appreciated. If they don’t have it they can usually order it for you.
The employees dont even know whats in the store or where it is.
The paint counter at home Depot is the absolute worst, every single one I've been to those people look absolutely miserable and hate doing their job.
I got laid off in January. I am taking early retirement!
Not a good idea
Congrats, man! You earned it!
Best thing you can do, congrats
I took an early retirement after 11 years with GM. We live within our means, and I have no regrets. Congratulations!
I'm going to retire if I loose my current job
HA! Walmart’s “remodel” is an entire freaking JOKE. Our local Walmart did a “remodel” last year. There was nothing at all remodeled. They ripped up the floor tile, polished the concrete and rearranged all the merchandise and called it a remodel. It’s total BS
This country needs leadership at the highest level
Pure greed trying to flip those houses at such an inflated price, don't feel sorry for them at all.
It’s a risk every business owner takes. I know flippers that lose on one house but make good profits on several others. Not every flip turns a profit.
Profit = greed?
Salary = greed?
@@jos_t_band3912 when the profit is several times the cost of production yes.
@@jos_t_band3912 there is a very detailed definition between profit and greed. Flippers should make profits. but often they quickly become greedy by enacting a few things. (1. they skimp on quality buying the cheapest materials and labor even neglecting safety or regulations... i can go on but if this isn't enough to at least make you think how profit nowadays is greed you're beyond lost living in a completely delusional world where all capitalist are 'kind heart, benevolent beings'
I work in a warehouse in Florida, a Walmart warehouse with no AC, they are now wanting us to get 12 hours of work done in 6 and then send us home early every day. I'm officially full time but it's like I'm working part time, so who knows if i keep my benefits. I make 25 an hour but i feel poor
Your benefits should be entitlements mate - the US is so f'ed up 🤦♀️
Good luck.
Same here I was working for target warehouse in jersey making the same amount but barely making shit cause we wasn't getting no hours now I'm tryna find work witch seem harder then ever
You could have bought bitcoin for $1 😂
@alf72632 I am a wholecoiner, dont judge a book by it's cover.
Excellent little production. It's sad that nothing is what it's supposed to be this day in age. Hopefully things turn around before its too late.
Wow, great info, thanks for the video. Appreciate you connecting dots.
walmart killed kmart, amazon killing everything else
Amazon is killing everything
Lots of layoffs not just Wallys world
Are you nuts 1.7 million
It's a old house
It's a dump
The theft and crime across the nation in certain pockets has nothing to do with the economy. It has everything to do with the decline in the American culture.
Lawlessness. If you can get away with it, it opens up Pandoras Box
If you don’t see a direct correlation between economics and crime then Sir you need to go read more.
1965 immigration act that was forced upon the American people. A high trust society is a society easily taken advantage of.
Has to do with both
@@frederickmuhlbauer9477 100%!
Gas stations do not make any money from selling Gas, they make money from selling candy bars, soda and coffee in their stores. I have a friend who owns a gas station.
About 8 cents per gallon they make profit
That may be true East of the Mississippi, but come on, we on the West Coast are paying close to $5 a gallon in May 2024; no profit in that?
The margins on gas is so small that there few ways to make a profit solely on fuel. The first way is sell an enormous volume. Most likely a truck stop at a major crossroads. Even in that case other items are most likely to supply the majority of your profits. Even with each truck buying hundreds of dollars worth at a time. The other possibility is a remote station with few competitors and steady traffic. In that case the mark up can be more significant. Even a few cents makes an enormous difference. But it probably won't last because the traffic will bring competitors.
@philippeplouchart8156 nope. That's your state govt and taxes. Plus the further you gey from pipelines the more expensive it gets
@@philippeplouchart8156sorry but $5 is a result of taxing the shit out of gas in CA. Nothing else.
Congrats on your subscription growth , but it was only a matter of time since your logic is so fundamentally sound. Glad I found a voice that resonated with my own views and thoughts as well. And when i don’t agree , which is so rare, it’s nice to hear your view on matter so I can be better informed .
People need to stop borrowing, Live within your means and cut back and pay off your debts. Something the government needs to learn. I'm classified as working poor i think. Single and make about 38,000 a year before taxes. BUT I have no debt, everything is paid off. I rent because i cant afford a home (which includes all the expenses and taxes and maintenance that goes with it), but I'm debt free.
Also people resorting to crime is also due to democrat controlled areas not enforcing the law and letting people get away with crime with little to no consequence. When the law isn't upheld crime will prevail no matter what the economy is doing. So of course businesses (that are in the business to make money, not be a charity) are going to pull out of places that are costing them money.
You're a clear thinker...keep it up.
I think you will prosper.
My Home Depot sucks....every year it gets worse. Also, they are absolutely price gouging. As for Walmart online....be careful buying from the walmart website because they have 3 rd party sellers there and you CAN NOT return these products to Walmart stores.
I want to return my life
Gee, I wonder who the "resellers" are......
Thank you for continuing to bring the truth!
Thanks for video 😊
Yeah they are all clogging up the highway. I swear nobody is working when I'm sitting in traffic at 1 pm
1pm im on my way in for 2pm and hope to get out by 10:30pm but most nights it's midnight
1pm I'm on my way in for 2pm and hope to get out by 10:30pm but most nights it's midnight
I work in a Home Depot Distribution Warehouse. They were on a hiring freeze in all of 2023. They had to hire a handful of employees in November because so many people quit or got fired. So they hired about 12 new employees in November in a warehouse that had over 300 employees a year ago. Most of those employees that were hired in November have lost their jobs. Well we are now about 2/3 of the way through our busy Spring peak season. It officially ends June 15th, but it starts slowing after Memorial day weekend. Instead of hiring new employees they are bringing in some temp workers which actually cost more per hour on their end, and the temp workers do the most basic of functions. I think it's a stupid idea to bring in temps when we are not staffed correctly. My office should have 8 employees, and we only have 6, AND they have me doing functions outside of my job like unloading back haul trailers. They have an office associate unloading trailers. Figure that one out! A Supervisor from another location was visiting the other night, and he was shocked when I told him I was an office associate, and he saw me, the only one working on these messed up backhaul trailers. SMH.
Our job cut all the hours we had down to the min to keep the doors open not enough people to keep the store up to corp requirements but they send us some temp workers . They are so great not only do they cost at least as much as the staff we laid off if not more they also do half the work and are not our employees so it's just some random person every other day that you have to hand hold the entire time . Not to mention we spend half our shift in battle with shop lifters our policy is to let them go and the police is to let them go but if we do let anymore go we will be closed down . Some people at the top in both government and companies want this all to happen it's the only way to explain it .
Temps don’t hit the company unemployment claims when they are let go at the end of the season. Plus no fully loaded cost with benefits or long term disability claims. It’s actually cheaper to hire a temp than to hire a PT or FT employee. Be happy you have a job and try to find joy in your work.
@@ssShockRyder They (The Hierarchy Exploiting You) like to meet in davos periodically
Ahh, a hiring freeze....I wonder if thats whats been happening. I work in a distribution warehouse for Amazon, similar size as yours in terms of # of employees. It's usually a constant churn, and its difficult to find good people. In April they actually fired some good workers, and I haven't seen a new face in so many months, which is very unusual...
@@ssShockRyder Sorry, but I shoplift a lot, because I have to. It's such an easier way to make a living. I hate going to work, full-time, fighting traffic. Easier to go spend 10 to 15 minutes and come out with $300 or $400 hundred bucks easy. So much better way to make money, and there is also no tax. Sorry, but you guys working too hard to make money.
Congrats on the 200k. Love the channel, long time viewer.
thank you for your work!
Uk here, just stumbled upon this thank you.
Its bad whats going on here, running our health care into the ground, doing the same to schools.
Buisnesses getting closed down all the time, kicking the disabled of the sick and telling them to get jobs which don't exsit. Food prices sky high, rents etc. Good luck guys, the big reset is getting closer each day. Things will start getting crazy, scary soon. Xxx❤
In the UK millions are on benefits that could work, they are just too lazy to work, many have never worked. Take their benefits away. I'm sick of paying for these spongers
@@dmitrychernivetsky5876 American candy store. Turkish barbers. The countries awash with them.
@@voice.of.reasonyes, I was living in usa then came to uk amd was initially surprised how many people live on benefits. Im not any high professional, but work in construction runing 1 person business so of course im for cutting benefits because they are so many lazy people here.
@@newera1892I agree. Do you know these people who have never done a day's work in their lives they get full state pension because when your unemployed they pay your national insurance stamp but other pensioners are not entitled to full state pension unless they have worked paid national insurance for 35 years, how unfair is that. And most of the gifters on Tiktok are the ones on the sick, so even the cost of living isn't affecting them.
We have drug users, alcoholics
on the sick but the real genuine people on deaths door are getting kicked off. It's so unfair and totally wrong. Xxx
@@peacefamily212 The country is a complete joke.
1.3 mil for a crappy old 30k house ? WTH are people smokin ??? BTW, not IF but WHEN our dollars go away and we are forced onto the digital dollar or CBDC or USDD, you looking at a MINIMUM of over 600,000 jobs going away. And that number only reflects FDIC insured major banks and branches. This doesn't include private banks or credit unions. Add em all up and you get a million people out of a job ! And that's just the U.S. imagine this happening all over the world. Get prepared for a catastrophic $hit $how !!!
Yeah correct. We need to stop it!
30k lol that’s what a basic 2 car garage costs to build never mind the land
@@jefff8130 No, he's not correct. Secondly, 97% of the money in circulation is digitized, and it comes in the form of debt.
It’s too late for the economy as we knew it. I watched a doc about the fall of Rome and how central banks have always enslaved populations over time. There is nothing new here. We just don’t learn. Better luck next time!
Like what Kamala said in a press conference, “well learn how to code and get a job in that”.
You have great content and it is on point. Thank you sir.
My wife worked for a logistics warehouse that supported Rivian. She quit to take care of a family member since she used to be a CNA. Two months after she quit, that warehouse was told they were being closed down. They probably employed 50-75. To this day I've seen one Rivian in the wild and we don't live very far from the auto plant. Its unsustainable garbage.
Only in business because investors were desperate to put money into places that might pay since low risk paid nothing.
This sounds like the scene in "The Fifth Element" where the guy says we need to lay off 500K and the head guy, Gary Oldman, says fire 1 million.
In my area, they lay off everyone just to hire people 'new to the country' so they can have the government pay 60-70% subsidized wages. These corporations are only worried about their investors, not the quality of work being done.
The Great Replacement is not a theory.
As an American, I'll buy my stuff at the stores that didn't hire illegals. Even if I pay a little more because of it.
@@wowzers6259 I’ve avoided McDonald’s for 25 or 30 years for that reason. Where I lived they hired foreign adults rather than young Americans.
Rather those people are willing to take those jobs. I work with them. The great replacement theory is a gaslighting racist excuse. No major corporation is going to risk hiring someone without proper id. Except if it is a restaurant or a farmer or mom and pop. E verify is a thing. Though it’s weird Texas doesn’t require it like most states.
Yep
I think there is a lot of unnecessary suffering and waste of good energy because of human short sightedness and ,therefore, greed and hatred. What you do cuts through most of these things in a very sensible way and delivers a clear pciture of "what really is". Thanks for the very useful service you provide. It is very much appreciate it!
Sir I applaud you for taking tym to give us these very important figures that the government doesn't even tell a simple truth I appreciate you caring about us and our country!may the lord keep you blessed.
The local Home Depot in my south Tampa neighborhood is mostly empty despite the fact that we’re almost in summer time. Economic activity is down, ya’ll.
But... but... but... it's supposed to be built back better!
Summer is always slow for home depot in Florida, especially in Hillsborough and Pinellas County
Meanwhile, out here in Cali...our HD is ALWAYS packed. No matter the time or day. Can't hardly find a parking place.
2:30 on a random Tuesday...Annoying.
Its like no one has a job but everyone has money.
💯‼️😔
The Biden Boom
Muchas gracias señor por toda la información que usted nos da para los ciudadanos del mundo entero. Un saludo cordial para usted desde SAN JOSÉ COSTA RICA
We love your videos You know exactly what you're talking about and you are right .lot of department stores are going to be closing because of theft
Texas veteran here, I was laid off 2 quarters ago. Been working hard to find a job commensurate with my background. There 500 applicants for every opening.
This feels like 2008 to me.
I'm also a Texas Veteran. Are you okay ? I'm a man, using my wife's tablet and login. 😊 12 Year Marine Corps.
Have you reached out to your local VA Representative for resources ?
If there is anyway for you to train and get into a trade, construction, plumbing, electrical, or hvac, you would surprise yourself.
It’s going to feel like 1929 soon buckle up
Do you have skills?
Here in the NW the grocery chain Winco dropped self checkout. I asked the cashier why, she simply replied "thieves".
Same here in middle Tennessee. Dollar General store near me has out of order signs on all of their self checkouts. The employee told me it was due to theft.
I briefly lived in a town with a Winco. Loved that store, especially the bulk bins. But I know they run on super tight margins, and even a little spike in theft can make the model impossible. They don't even have workers do bagging because of just how tight the margins are. Similar things with Costco and the receipt checkers. It might look like a stupid job, but their business model would be sunk if a bunch of people started walking out with carts full of groceries due to no one checking to see if they actually bought those groceries.
Yes Dollar General as well. It’s crazy because they just recently implemented the self checkout stations. They have 1 person working at some stores at a time and they have to check everyone out as well as run the store.
NW?
@@HunterblackwellNorth West USA.
Michael, you are a natural. Keep up the good work.
New subscriber here. Thank you for what you provide!
Home Dept 2016 : taking care of business
Home Depot 2024: going out of business
Home Depot stock is $344.21 a share.
@@faustinreeder1075that’s due to stock buybacks and is not their actual true value.
Home Depot has alot of corporate bonds
Home Depot sucks.
@@faustinreeder1075 While I agree they won't go out of business, reading off their stock price means nothing when all stock markets are still playing musical chairs at all-time highs when the US consumer is in the worst shape they've been in since the great depression. Worse than 2007 housing bubble even. Home Depot stock, like all of them, will drop at least 40% from today's valuations over the next year.
I am a long-haul truck, driver, and one of our major accounts for the last four years since the pandemic, and during the pandemic have been Lowes and Home Depot, but we’ve lost more than 90% of the volume of loads from them due to supply and demand is way way down I’m surprised they haven’t lost the contract for them altogether due to share loss of volume
This reply speaks VOLUMES.. my father also did that for Home Depot from the Miami area nurseries (Lovell Farms, which got bought by Heinz) i personally delivered plants and slid them at home depots as a kid riding with him
respect, thanks for the insights Natalie
@@dertythegrower right I used to do a dedicated run that went from El Paso up to Lowe’s in the Oregon area and then back down to El Paso in a Home Depot that we go over to Texas and then go out to Valdosta Georgia and they canceled that whole dedicated fleet because there hasn’t been enough to justify keeping it open
We’re in the business as well and I concur.
Plandemic.
It’s a hidden crisis. As a landscape contractor, in the construction aspect of landscape, let me tell you from 45 years in business, the phones ARE NOT ringing. It’s bizarre.
Glad I don’t have big debt, I would be ruined.
Phones are truly dead !
Thanks Mikey!
I just spent 38 dollars plus tax 41 on a sheet of basic 3/4 plywood absolutely absurd I think we are in trouble
A 3/4 sheet of poplar here is $136 + 7% lol
Wow ! Thats Cheap ! Where do you live ?
@@jeffb321 oouch! Thats insane.
a 30lb bucket of deck screws $120 + tax.
If you do not live near a wooded northern area, then that explains it... fuel and insurance transport cost are why. Fuel and insurance rates is why all items shipped are way more now... its exactly why
I quit Prime after they started running commercials on Prime Video. That was part of the deal that they switched a significant (former) benefit on what people had paid for.
Great info.
Thank you.
People resort to crime when there are no consequences for criminal behavior. It has little to do with “necessity”.
Richard J. Mann
correct.. I made that point earlier in these comments .... its because places like California changed the law to not prosecute anyone who shoplifts under $900 ... criminals are taking full advantage of it... plus many blue districts have also eliminated cash bail and defunded the police... so why wouldn't a criminal want to take advantage of this??
And if you watch any of the videos of the tons of smash and grabs going on daily in places like California, Washington state, Oregon, you can clearly see its all organized crime perpetrating it.. its not just one off person sticking bread under their shirt.. its a gang of 20 or so young men, smashing windows, taking luxury items, luxury clothing, luxury handbags, apple iPhone's and iPad's.... hardly items that can be consumed to survive.
Oh they don't deem the consequences that bad
Very few criminals understand what a necessity truly is. Otherwise they wouldn’t be criminals.
talkin about Trump
I’m in the oil field in west Texas and my buddy’s company Nextier just layed off 280 people
Woah what? Are you serious? I wanted to work on an oil field as like some type of floorhand/roustabout
@@marvinromelus4846 ya man it’s getting slow for some companies. And I wouldn’t go that route unless you have a criminal record. I would do frac watch, or frac, or Wire line I’m 25 and have made well over 6 figures every year and it’s pretty chill.
This scares me! Wtf?!? We need to fire our government and start our own
Crazy my comments are being shadowbanned
Your content is excellent quality ❤
Thank you
Depot hires tons of people knowing only a small fraction will stay any length of time. They also sell junk. We are tired of buying disposable junk. They need to up their game
Planned obsolescense.
Life was much simpler before personal credit. Short of having a mortgage, if you didn't have the cash, you didn't buy it.. and people were employed supporting our own country.
It’s like rat poison
💯
Lay-by
Great channel
Keep spreading the truth!!!
Nice walk I LOVE FLORIDA
thank you, for your content. I am trying to spend more time educating myself, especially regarding my financials. this is something I should have been doing, but I was part of the uneducated sector of Americans. No more.
Red Lobster restaurants are closing mostly everywhere as we speak... they are auctioning off their fixtures in my city now. Sadly they didn't bother to tell many employees up-front and they showed up for work to find a closed building.
they were an overpriced joke of a brand for 10 year now, like olive garden but for shrimp
That is standard in the industry not to tell the employees. Some cases the managers might not be forewarned. Essentially, they don't want the soon to be laid off workers to steal from the place or not even show for their last shifts. Don't know if I agree with this but it happens all the time.
Place sucks. Not gonna see me cry for freakin’ RED LOBSTER hahahaha hope Olive Garden goes too. Place blows. They’re owned by the same company I believe.
Yeah, unlimited crab and shrimp deals will attract the wrong kind of customers to improve profitability.
@@johnhaller5851 oh . The 'Captain's Platter,' all deep fired clam strips shrimp. cod fillets, fries. i barely made it out of the building back in the day. Waddled to the car. lol. Had to quit. Choose Life!
We are 1000% in a recession already. I am a small business owner and it is brutal right now. Everyone else that I know who is also a small business owner says the same thing. I’ve never seen so many small businesses closing before. It’s really sad and scary!
The commercial landlords are really jacking up the rent as well. I guess when these retail spaces sit empty it’s just a tax write off for the landlords that own them but there can only be so many chain stores that can occupy these spaces so it’s really a lack of foresight and a ticking time bomb IMO.
Plus it has a really negative impact on the neighborhoods and the community in general.
How can that be? Joe says the economy is doing great 🤔
@@Captain_151 Let’s go Brandon!
Me too , own a IT Business, computer Field down to 90% , sale ONLY 10% !!! DEAD economy , DOMINO, 100% you are correct "ticking time bomb IMO."
I think the property owners of that commercial space, by jacking up rent prices even if it's vacant, they use that to help value the properties when going to banks for commercial loans. It's like the "possibility" of the owner earning that money is enough for the bank to go "ok have this money" who cares if any businesses can actually afford it.
Where do you live What do you do? My small business is booming North Carolina screen printing
Good stuff!
Thanks Mitch