If the economy looks fine on paper, then why does it feel like everything is quietly falling apart? And that's because the recession isn't coming. It's already here. The data just hasn't caught up yet. In this video, I'll break down: • Why recessions are always declared retroactively • Why record credit card debt and a collapsing savings rate aren't accidents • The shift happening in our economy • How the official numbers are designed to hide what's actually happening 👉Complex topics, simple breakdowns. Join my free weekly newsletter to stay ahead of what's actually happening in markets: https://casualmarkets.co/subscribe 👉If one video wasn’t enough, I post on Instagram every day: https://www.instagram.com/casuallyfinance/ All illustrations, visuals, and animations in this video are original and hand-drawn by a freelance artist. Disclaimer: The information provided in this video and on this channel (collectively, the “Content”) is for informational, educational, and entertainment purposes only and does not constitute investment, financial, legal, or tax advice, nor a recommendation to buy, sell, or hold any security or investment strategy. Investing involves risk and you must do your own research. Nothing in the Content should be interpreted as creating a fiduciary relationship, financial advisory relationship, or client relationship of any kind. The host, the channel, and all affiliated entities expressly disclaim any and all liability for any direct or consequential loss or damage arising directly or indirectly from the use of, reliance upon, or interpretation of the Content. By viewing or interacting with the Content, you acknowledge and agree to these terms and release the host and all related parties from any and all claims related to your reliance on the information provided. #economics #finance #recession #investing
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Thanks for telling the truth. I like how the US government taught the media to say it's "vibe-cession" because unemployment is low. It's crazy that NPR Planet Money even made a catchy jingle "vibe-cession..." to gaslight us that the economy is actually good.
At this rate, I’ll collect “once-in-a-lifetime” recessions like trophies.
this is the best thing i ever saw
Even though most people fell diffculty about their lives, if the top rich get more money, the GDP will continue to grow and the recession will not come
been saying this to people for 3 years and everyone thinks I'm crazy lml
People don’t realise — by the time a recession is “official,” the damage is already done.
The scariest part isn’t the recession… it’s how invisible it is until it’s too late.
I love how people constantly gripe and tell us the same thing without proposing a solution
What do i as a 19 yo that works everyday to support myself and my dog? I live paycheck to paycheck and have no education.
This video is a recession indicator
Hopefully the movie covering this recession is as good as the Big Short. That one had Ryan Gosling and Christian Bale. Don’t waste this recession by casting Zendaya and Timothee Chalamet or something.
I also feel that a Great Depression is very near and also right around the corner. I’d spending keeps getting worse and paying for necessities becoming harder at some point people will just stop buying things
Don't worry guys, voting by party will fix the issue 😂😂
You can measure how bad a recession is by: -Wait times for Costco gas -Wait times for Costco chicken
3:37 this is because we now have a K-shaped economy; spending is going up, but it’s skewed because middle class/lower class people are spending less and upper class people are spending more
I pity any young person trying to pay for day-to-day life, build a family, save and find the American dream. Your birthright has been sold. We need term limits. Our politicians have sold us out.
way ahead of you guys, i was in a recession for years before you got here :D
Take a shot every time you hear “because”
Thankyou for this brilliant stickman teaching us finance. How did you know all of the finance topics. You are great!
I’ve been working in banks/finance for 10 years. It’s BAD