Home improvement stores have historically experienced a buying boom due to the COVID-19 pandemic, driven by pent-up demand and low interest rates. National economic recessions typically impact household spending patterns for home improvement projects, with the Great Recession leading to a significant increase in spending on home improvements and repairs. In 2020, 77.2 of people took on at least one home improvement project, ranging from light gardening to full-scale remodels.
Home maintenance stores, which provide tools and materials for home improvement, maintenance, and repair projects, are likely to see stable or increasing demand during a recession. However, remodeling activity is likely to decline during the pandemic-induced downturn. Home improvement projects are not just about weathering the recession; they also make homes more comfortable and enjoyable to live in.
The demand for home improvement services decreased year-over-year from 2021 to 2022, and 2023 will likely see a further decrease in demand. Home improvement companies can benefit from a recession as homeowners tend to stay put and focus on their homes during economic downturns. Heavy rains have hurt home improvement especially hard in certain regions, setting the stage for tightening markets through the remainder of the year.
The company’s latest quarterly report reveals significant challenges that it believes could foreshadow broader economic difficulties. Understanding how home improvement stores have fared during previous recessions can shed light on their potential resilience in the face of future downturns.
📹 Home Depot ISSUES STARK WARNING TO U.S. ECONOMY
So far in 2024 there have been more layoffs and we can’t even count. Every week dozens of companies are announcing more job …
What do people buy most in a recession?
During an economic downturn, businesses can expand their product offerings by offering consumer staples such as food, personal care items, cosmetics, pet care products, clothing, and baby items. As the U. S. economy entered a recession in February 2020, businesses should consider offering other products and services that people always use, regardless of the economy’s state. Offering these products and services at a more affordable level may be necessary until things stabilize and people feel more confident about spending money. Some examples of products and services that have historically performed well during a slowing economy include:
- Food: Food is essential for everyone, and offering food items can help expand your product offerings during challenging times.
What job is recession proof?
In a recession, businesses and industries can thrive despite economic downturns. These industries include healthcare, utilities, federal government, education, law enforcement, DIY and repairs, financial services, and budget travel. These industries provide job security and can help job seekers choose a career.
Healthcare, utilities, federal government, education, law enforcement, DIY and repairs, financial services, and budget travel are some of the recession-proof industries that can provide reliable income during a slowdown. These industries can help job seekers find a stable job and ensure they can continue to thrive despite economic challenges.
In summary, understanding these recession-proof industries can help job seekers find a stable career and ensure they have a reliable income during a downturn.
What jobs won’t survive a recession?
During an economic downturn, jobs like hospitality and tourism are most at risk due to reduced vacations and travel. Entertainment and leisure industries are also at risk due to the shift towards affordable, at-home entertainment. Factors like COVID-19 and AI have transformed the workforce, leading many workers to seek recession-proof jobs. The economy is cyclical, with periods of high and slow growth. Some high-demand careers offer more job security than others. For 2024, consider the best recession-proof jobs and future-proof your skills to ensure a secure future.
What job is safe during recession?
The demand for healthcare professionals, including nurses, doctors, and pharmacists, is high, which provides a degree of job security during periods of economic downturn. These positions necessitate a higher level of education and specialized qualifications, which makes them more challenging to obtain. Nevertheless, with diligence and perseverance, these professions can pave the way for a more stable and secure career path. A number of healthcare professions are considered to be recession-proof, including:
What business does well in a recession?
The global food and grocery retail market is expected to grow at a compound annual growth rate of 3 from 2024 to 2030, with people opting for cheaper food options during economic downturns. This has led to increased demand for grocery stores. The beauty industry, including makeup and hair services, has shown resilience during economic downturns as consumers view personal grooming as a necessary expense. With many individuals working remotely and attending meetings on Zoom, there has been an increased demand for at-home beauty and grooming products and services.
What industries will not be affected by recession or depression?
This article provides ten recession-proof business ideas, including pharmaceuticals, care work, accounting, financial planning, beauty products, and beauty salons. These ideas aim to help businesses survive economic downturns by focusing on key factors such as a decline in economic activity, such as GDP, employment, real income, wholesale-retail sales, and interest rates. Understanding these factors is crucial for both new businesses and existing ones. The article emphasizes the importance of recognizing and addressing these factors to ensure a successful business during economic downturns.
How to become a millionaire during a recession?
During a recession, it is crucial to invest as much money as possible into the stock market, protect your income, and cut back on expenses. Experts predict a strong likelihood of a recession in 2023 or 2024, with 4 out of 5 economists expecting a recession. Despite the stress, recessions offer an opportunity to build wealth, as rich people often make even more money off these economic downturns. To get rich during a recession, it is essential to be in a good financial position and play your cards right.
Investing as much as possible into the stock market is the easiest way to get rich during a recession. Stock market performance declines during a recession, leading to consumers spending less and companies earning less. Some investors may sell off part of their portfolio out of fear or need for the money.
Which sector performs best in a recession?
Defensive industries like utilities, healthcare, and consumer staples are typically better positioned to survive recessions. However, the real estate industry, particularly data center REITs like Digital Realty and telecommunication tower REITs like SBA Communications, outperformed in the first few months of 2020 due to their ability to capitalize on early 2020 business trends like homeworking and the accelerated rollout of 5G technology, despite other REITs experiencing closures.
Who benefits from a recession?
A recession is a period of economic downturn, often resulting from a prolonged period of high consumer prices. This sudden drop in prices balances out inflationary costs, benefiting fixed-income individuals and real estate sales. During a recession, people can take advantage of lower prices, especially in the real estate sector.
As unemployment increases, some individuals may use this as an opportunity to establish their own businesses, as the prices of equipment and other assets are lower than usual. This can lead to a healthier portfolio as less efficient companies are replaced by healthier ones.
However, a recession can also have several cons. Unemployment can lead to job insecurity, as companies cut positions to trim expenses. Decreased asset values may occur, making it better to wait until the recession subsides before selling assets.
A higher national deficit is also a potential consequence of a recession. People pay less in taxes when they make less money, leading to the government borrowing money and potentially raising taxes in the future. Overall, a recession can have both positive and negative effects on financial planning.
Is bookkeeping recession proof?
Accounting professions have demonstrated resilience during economic downturns, as businesses rely on accountants to navigate financial challenges, assess risks, and devise recovery strategies. Technological advancements in the digital age have transformed the accounting landscape, offering opportunities for automation, data analytics, and cloud-based solutions. Accountants are increasingly leveraging tech tools to enhance efficiency, accuracy, and decision-making capabilities in financial processes.
The integration of technology into accounting practices has expanded the scope of roles, creating new avenues for specialization and career growth in areas such as forensic accounting, cybersecurity, and sustainability reporting.
Globalization has also surged the demand for skilled accountants with international expertise. Companies seek accounting professionals with a global perspective, as they possess knowledge of international accounting principles and experience in navigating multi-jurisdictional financial complexities. This highlights the versatility and resilience of accounting careers on a global scale.
📹 17 Niche Service Business Ideas (Low Competition)
Here are 17 home service business ideas that have very low competition. Each of these business ideas has high search volume …
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?
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
The housing market is in complete disarray. That may not be the whole story of the economy, though. Corporations are purchasing real estate and then renting it out, which distorts the market and produces a host of unfavourable incentives. However, it is incorrect to extrapolate that to the whole economy.
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 <$30. Ever notice how companies keep posting 'record profits' yet can't seem to be able to afford their workforce?
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!
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.
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.
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.
“Sometimes, it’s not about having a talent, skill, or passion. But what if I told you that with the right investment, you can still achieve your goals? No talent, no skill, no passion, but good investment can bring you financial freedom. Don’t underestimate the power of smart financial decisions!!!!!!!!”
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 !!!
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.
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❤
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.
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 .
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.
Impressive article! Your detailed analysis of the intricate pension situation and the potential impact of the debt ceiling crisis is a compelling wake-up call for proactive financial planning. Yet, adding a touch on alternative investment strategies, such as the potentially lucrative day trading, would have elevated the discussion. Though risky, with strong risk management and a keen understanding of the markets, it can be a profitable endeavor. Continuous learning, staying updated with trends, and leveraging insights like Rafa Manuel’s are critical to success. Remember, with discipline and dedication, trading success is within reach..
I don’t feel bad for Walmart or for their customers. Walmart killed SMEs on the spot, and now their customers are too poor to afford to shop at Walmart, and now Walmart are having to close up shop and leave. I hope this trend continues. Walmart is part of the American Nightmare and the good times don’t come back until they’re gone.
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
There are many Ghost job postings. I contacted three executive directors in the convention business ( I was in convention management in Las Vegas until I resigned), and all told me they weren’t hiring. In fact, most went on a hiring freeze. I’ve never experienced a hiring freeze in Las Vegas for over twenty years in my profession. Please stay away from hiring sites that make it easier and apply directly. Send your resume straight to the one hiring. I have had recommendations and have built a reputation and relationships with several Directors, and they have been kind enough to contact me and inform me of the hiring freeze. These companies are MGM International and Caesars Entertainment. MGM has eight properties in Las Vegas, and Caesars has nine hotels.
As long as homedepot continues to charge 90 dollars a gallon for tremclad and 40 dollars for 500 3″ deck screws, they will continue to slow down. I have personally prevented over 20 grand in excess pyrchases for the land owner here, due to the high costs. I just source the items individualy or postphone until i can.
I hate big box stores like Home Depot, Target and Walmart. They put almost all of the mom & pop hardware stores out of business. Those store owners had good middle class incomes. We had about 50 different sales reps coming to us every month to sell us goods and now all those good middle class sales jobs are gone. What were they supposed to do… get jobs cashiering at Walmart? Our government did this by allowing companies in the Philippians and China to sell us light bulbs for 7 cents each when GE was charging us 56 cents for the same bulb. We could still carry both brands of bulbs but if we priced the cheap bulb based on 21 cents (triple its real cost) we could still sell the foreign made bulb for less than half the price of the GE bulb. We would never do that, of course, but by selling us those bulbs at such a price, we became complicit in our own demise. I guess our government was so afraid of the Hippie movement, they felt they had to make living more difficult for us so that we wouldn’t have time to assert our freedom of speech.
As a Walmart employee we aren’t exactly getting more “foot traffic” as opposed to online traffic. More people are diverting to our online grocery pickup service which saves them from shopping or driving if they pick to have their groceries delivered. Which ironically is one of the highest paid positions in employment in Walmart.
Michael is one of the few YouTubers that consistently gives the facts and states the truth about the economy, the jobs and housing market. Some may not like hearing the facts, but we all need to share the website with friends and family to get the truth out there instead of the half-truths the media and our gov’t put out to keep us ignorant.
I have 3 friends that are realtors. All 3 say there is a housing shortage in Los Angeles county. Not enough homes for sale. Their clients are either Chinese or corporate buyers. Their trying to corner the market on housing. Why cuz they know that when people can’t afford to buy a house they rent. They’re keeping the market inflated.
The problem here in Oregon is homelessness. So many CHOOSING to be homeless, here. I agree, not all chose to be and yes, the economy is getting bad. So many of these folks are feeling entitled. They walk in and fill carts and walk out without paying. For safety, the store associates are not allowed to say anything to them. So, they load up and walk out all the time.
Good evening Michael and thank you for your spot on informative reporting. The consumer in the macro sense is pulling back their spend and as you mentioned the inflationary pressures are literally draining their pay check before they can pay the rent. Difficult situation with no real solution that would hold, my POV. Society is in a transformation cycle going into a polarized economy. 80% of the money is in the hands of 20% on the population and 80% of the population is going after th remaining 20%. Take care and keep up the excellent work.
There are homes for sale in my subdivision that have been on the market for months. One is fully renovated, on .75 acres and has gone in and out of contract twice. It seems when a resale home is listed for $400,000 or more, they sit. Two homes up the street from my home sold quickly, but they were smaller homes listed for under $300,000 and are on at least an acre of land. Thanks for pointing out the reality of the economy. All I see being reported is how minimal the economic downturn is. Keep reporting the painful truth. People need a kick in their complacency.
I realize that people are always complaining about big box stores, and I get it. But the same people that are cutting back on purchases are also cutting back at mom and Pop stores also. Especially if the mom and pop stores are more expensive which many of them are because they don’t have the buying power of the big guys. So the economy is hitting the big box stores hard but it’s hitting mom and Pop stores just as hard if not worse.
I had to order materials for my home repairs project. I shop around. I looked at Home Depot prices. Home Depot was higher priced than Amazon on materials I needed. I don’t like Amazon, but I ordered from them even when the price was the same because it was 1 shipment. I know Amazon is undercutting Home Depot. I even knew the Home Depot founders. Hahaha.
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.
Well, here in Florida you would never think the economy is bad with all the tourist that keep coming to visit like Disney or other theme parks. Home Depot already announced they are going to open more stores in Florida and they are always hiring and that’s just one of many businesses. And if someone has money to buy $1 million home then they really have no issues. As for theft stealing a drill from Home Depot is not a necessity for survival in life so I called BS on anyone who steals things that are not on a survival list. Home Depot credit card offers you 24 months no interest on bigger purchases and if you use the Home Depot card, you can return an item up to a year without the receipt because they can look it up. I’m sure other parts of the country could be hurting, but that’s a chance for people to find a new place to live. Life is always gonna keep changing.
Wrong, the stimulation checks for the average person was less than 5,000 dollars for all combined checks. This money was all they had for over a year being stuck at home with no income. The large amounts of money went to businesses, to keep them from failing as they were closed for such a long time. This money was supposed to help them have seed money to restart, turning all the machines on and paying staff until they began making profit.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
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.
Home Depot stock has been considered to be overvalued for quite a while now. Their stock has fallen. They’ve gotten bad press because of decreased stock prices. They have also received well- deserved bad press for price-gouging! Customers are sick of it! and their founder/former CEO is a creep! He said Americans are fat, lazy & stupid. He us no longer CEO but he still makes plenty of money from the company. I wont give him a dime. Also, Lowes gives discounts military veterans!
I agreed with most of what you stated-it was spot on, I take exception with you tying the labor market with theft. The individuals that are stealing are more likely career criminals vs. someone that recently just lost their job. In many areas of the country the defunding(eliminating) of the police coupled with new laws making it a misdemeanor to steal up to $1000 just incentivizes more crime. For example no one will be manning Pittsburgh’s police precincts overnight any longer under policy changes announced Friday by Chief Larry Scirotto for the 743-officer force. I am pretty sure that the criminals will be taking advantage of the minimal staffing from 3am to 7am everyday.
Interest rates are NOT coming down ANY time soon. Please, no one, make decisions based on this assumption. The last 10-20 years have been the anomaly. Demographics: Too many old, not enough young, and everyone financially stretched means inflation and interest rates are going to stay in the mid to high single digits for years. Oh yeah, thank Jerome for hiking them way too quickly.
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.
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
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!
something obscene like 15-20% of our adult population (might have to check me) are considered “unemployable” if they lost their jobs but dont qualify for unemployment benefits… which is how the gov pads the numbers on unemployment and jobs available, and we are currently at 0.8 persons unemployed per open job, while we lost 1m jobs the first 4 months of the year – so if you consider the unemployable (gov considered lost causes), the situation is much worse than it even looks when you see the actual numbers..
The Lord Jesus Christ died for our sins, was buried and rose again the third day (1 CORINTHIANS 15:1-4 KJV). Jesus Christ shed His blood for our sins (EPHESIANS 1:7 KJV). Getting water baptized DOESN’T save us (1 CORINTHIANS 1:17 KJV). All have sinned (ROMANS 3:23 KJV). We are saved by grace through faith, not our works (EPHESIANS 2:8-9 KJV). Only Jesus saves from hell
I disagree that people are resorting to crime because of the poor economy. They are resorting to crime because they figure they can get away with it. They lack morals. I can remember my grandmother telling me that during the Great Depression, people around her were poor, yet most people were not thieves. They still respected one another and had a sense of pride that is lacking today.
I’m glad I work for myself. When I made that leap 10 years ago been the best thing I’ve ever done. A doing something people need I don’t have much to stress on. Unfortunately product prices are stupid high. Almost hate having to give people the bill how bad it is. But I gotta eat to though. But shits crazy priced. The economy is pretty sick
As I ponder investing the proceeds from my recent Portland home sale into stocks, I’m torn between seizing the opportunity and timing the market. While I recognize it’s a great time to buy, I’m uncertain if it’s the perfect moment for me. My mind is also boggled by the impressive gains others in the same market have made – over $450,000 in mere months! I’m left wondering when I’ll fully recoup my investment and whether I’m making the right move?
“What does not kill me makes me stronger,” Nietzsche wrote. But hurt doesn’t make us stronger. Hurt just makes us hurt. The whole place feels like a grave. A cathedral for the dead and the fallen. The ground is littered with discarded books and magazines. A broken crack pipe has been left on a cinder block. There is a garden chair, and overturned crates and buckets. A mangled teddy bear. Death everywhere. If they were not emotionally connected to the person who has died, the body is taken outside and that night it disappears when the truly desperate come and make food of it. We have no place left to bury or hide our dead. Some have begun to pack the orifices of the bodies with poisons even household cleaning chemicals and posting warning signs on the bodies, this is not a deterrent, and many get sick and perish because they ignore the warning. In fact, few now spend the effort to cook the meat and simply gorge themselves on the raw flesh. It is now a rare sight to see even a deteriorated corpse unmolested in some way, worse are the sick that have not the strength or means to fend off the starving. No one moans or cries like in the beginning and every face has a vacant empty inhuman look, the eyes desperately searching wildly. Today I saw a woman eating small portions of flesh she had hidden in a child’s pencil case, it was decorated with figures from the cartoon called Toy Story, and when I saw it something in me broke, I am struggling to maintain a positive attitude and ashamed of my weakness and lack of coping skills.
It will get far worse this year too! Look at all the restaurants, department stores, and mom and pop businesses going under! You have not seen anything yet! Wait till you see food lines at grocery stores! I have been warning fellow Christians, grow your own food! But heirloom seeds, start growing to learn how to!
The Wal-Mart in my town in California bay area everything is behind glass window’s just to buy a small item you have to find a worker to open the glass door and then they put it in a plastic lock box until you get to the cashier. When it first open up they were all helpful that was short lived it sucks I shop out of town now or online. Most of the time I support the smaller store’s. Not that many are open anymore.
😂 I was just in there buying some wood. You could tell by the attitude of the employees, they don’t enjoy working there. This one dude I asked to cut me some hard board in half, told me he couldn’t do it so he said he’d find somebody to do it instead. …..lol..lol.. it certainly took forever and the store wasn’t even packed. I went out into an area that isn’t for customers and this chick totally ragged out on me and told me to go back inside. She didn’t give a fuck about what I wanted. I’m betting she wakes up on the wrong side of her bed everyday. As I made my way through the store I did discover a few happy employees but man, the two that gave me the crooked eye deserved to be slapped and fired. Even if you’re in a bad mood, you gotta try to help customers with a smile on your face. Even if you don’t want to. I have to do the same thing occasionally and it’s necessary. Bad reviews travel farther than good ones.
Private businesses own and control markets in accordance with their interests and not the people. This kind of sounds like capitalism to me 🤔 If we wanna see fairness, employee protectionism, better laws, equality, etc, we need to look elsewhere, learn from others, Norway?? Wall Street is privately owned, that should say a lot. Who owns elections? Is it truly the middle and lower class?? Or the ultra reach who can spend over a billion dollars in advertisements?
I would like you to talk about how less expensive thing will be the next quarter, July August and September!.. Increase in social security is based only on the the 3rd quarter You can quickly see why social security got zero increase with Obaaama and zthe Big Guy. Gas was $8.00 a gallon. But went down to $6.00. No increase there Mr. B TOLD US. HOPE TO HEAR YOUR INPUT.
It’s not only the interest rates that dampen consumer spending but Working at Lowe’s after I retired I noticed housing price increases allow people to get bigger equity loans now in some areas prices have stagnated or actually come down and I think this will have a negative effect on consumption every week that goes by they are dropping sales targets consistently that can not be a good sign!
I agree with Michael here. Interest rates have not gone high enough. Inflation is still climbing and is at the highest increase seen in 40 years. We need to lower demand and revenge buying from covid and greed from corporations. We need a reset. The demand is still being kept in place from higher earners who live in cities and are fleeing them for other states and suburbs because of out of this world taxes from failed lib and progressive policies. They are buying up land and houses in cheaper areas and paying anything which sellers are more than happy to oblige, keeping the housing market artificially high that regular people can no longer afford. The ones that are giving into the high prices and cannot afford it long term will learn what the home buyers learned back in 2008 before the crash.
Amazon has always had problems with crime as well, for many years, in the form of “porch pirates.” Sadly, built into the Amazon type business model is the major defect that these crooks are already renting in both enclosed housing and apartment complexes, set to pounce on any dropped off goods to their neighbors. This is aided and abetted by any item delivery service that refuses to use proper parcel lockers, and instead just throws items on the ground in front of doors or into bushes.
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!
I’m one of the fortunate ones that has a chunk of money in savings in the bank, however, I am in lock down mode with my expenses, right now I only spend money on necessities, I’m waiting to see where the economy takes us. I suspect I am one of many that could spend cash now but rather then end up broke down the road am playing it safe. That is a big part of the problem now, people without money can’t spend, those of us with money won’t spend
Hi, I am not a regular viewer of this website but thought this sounded interesting I do want to say sometimes “guess-timating” figures can get you in hot water. Towards the end of the article you stated there were probably millions laid off all together in 2023 but I can’t find any figures reflecting that. It seems like tech had the most layoffs but the overall figures were most certainly not in the millions. It does NOT seem like you are trying to mislead people and I love the conversational style of the article but I just do not want people to be scared by hearing inflated numbers that you guessed on but that’s just me, I am a facts person. Otherwise, loved the info you gave us here. Thank you!
My dad spent his entire life predicting the imminent next Great Depression. “It’s coming!” he’d say. “Soon!” By the time he died we had a whole garage full of canned food. In the early 60s everyone was confidently predicting nuclear war. And my dad went with it. We actually shopped for bomb shelters. So, you Chicken Littles will have to forgive me. I’ve been here before.
The biggest Healthcare provider in Western Pennsylvania, UPMC has laid off more than 1000 this month, May 2024. Some of the nurses and professionals had more than 30 years seniority. They have laid off whole departments.. The biggest cause of inflation is the cost of fuel. Getting anything delivered costs, almost double what it did before the virus. Businesses have to pass on that increased cost, just like truck, drivers and trucking firms have to pass on the cost of fuel.. and insurance for trucking companies has skyrocketed.. I hope sleepy Joe knows what he’s doing, because it’s not obvious that he does, on so many issues
Matthew 6:19-21 King James Version 19 Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: 20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: 21 For where your treasure is, there will your heart be also.
I keep hearing these doom and gloom predictions from Pontus like you. and then when things do not turn out like they predicted, you never come back and say I was wrong. What’s going to happen is nothing. It’s because your predictions were some truth with a lot of speculation and yet life will just go on.
My entire life I’ve seen political arguments about the economy. I’ve seen both parties brag about the economy when they were in charge while a lot of people were like WTF? I’ve seen both parties bash the other with what aboutisms. What I’ve learned over the years is that it very much depends on what industry you work in. The economy never seems to work well for everyone. For example. I was struggling through the Trump years while others claimed to be doing really well. Then after Biden got in office there was a huge shakeup in healthcare with most nurses quitting to become travel nurses for more money. Demand for staff changed so much not only did my pay more than double but I also got retention bonuses. Of course there are other people that are really struggling right now though. Neither party has the answer for an economy that works for everyone. Also as for the stock market. A lot of us have retirement plans that depend on the stock market. So the stock market does matter to us. Obviously though if you don’t have a retirement plan that is impacted by the stock market or you have no money to invest you aren’t going to care.
Strange. I thought HD sold home improvement supplies. Turns out they are really economic forecasters? I think they should stick to giving home improvement advice. Don’t listen to economic advice and do stupid get rich quick schemes. Invest moderately when first starting and more conservatively as you age. Stay the course and get rich slowly while enjoying what is really important in life.
I remember the post going for 60 bucks for 1 post i lost so many fence jobs it’s designed to kill small business It’s all about greed and extortion it’s designed to get rid of the less fortunate one’s the middle class and the poor must keep their high profits they don’t care about people That add was stupid sell your house sounds like more taking advantage of the less fortunate one’s But anyway they are contributing to the homeless population the stock market deos good on peoples misfortune That house is soooo not worth that all in all there will be a lot of homeless people and you will have that tag on you just like the rest of those people
Well, I mean. Honestly, what do you expect? They’re either honestly doing really bad or they’re doing it on purpose to raise the price value of their company so that they can sell. Some of the shares increase their overall profit and reduce the number of employees that they have to pay. It’s always about the money. It’s always about the vanity. Trust me, when I say this.Things are about to make a big change.And the man owns the rights to tesla’s behind it Along with the people in the pentagon, every big corporation is consolidating All their values to become one major corporate Which violates someone apply at all, which won’t be a thing soon
I feel like I just listened to one of my high friends after a blunt… why did he go on about 8 walmarts??? When it’s sooooo many??? When u think about how much money they make, rue 21(btw typing and listening) most of the companies listed have been bought out by private equity firms… these companies by locations and own land, nothing to do with ” economy” just greed. Technology and growth keeps the top wealthy… back to Walmart… they either shut down because to stop paying a lease of property OR to sell the property it sits on… which depending on the location could yield more reward than loss… //hospitals??? Same thing. PRIVATE EQUITY FIRMS, buying debt, owning property, not giving a damn about the people or its functionality.
My mortgage rate is 2.7. Bought my house in 2014 for $247k on a hud loan with a pmi attached to it. Refinanced in early 2019 to a conventional loan without pmi and dropped my payments by about $400/month. Today my house is valued at $420k and I don’t even owe half of that. My wife and i’s credit are both over 800 and we still refuse to make any large purchases in which we need to use credit because the interest rates are incredibly high!!! Hopefully Biden goes away and we can work on America before spending over $300nillion to cover gain of function labs in Ukraine.
Been unemployed for 9 months, had two fingers amputated 6 months ago and diabetic neuropathy of both feet. Don’t qualify for un-employment, SNAP benefits and can’t collect SSD because of my feet or hand. I only owe 28k left on my mortgage. I am 6 months behind on my mortgage, 3 months behind on my power bill, 10k in medical debt from the amputations and 1000 left on a credit card from when my dog got hit. Credit score went from 790 to 550 in this time. I did manage to get forbearance on my mortgage, but that only was for 3 months and ended July 1st. Have medical debt collectors contacting me weekly. Because of all this it has increased my moderate to severe depression to not want to be around and wish I didn’t survive back in January when I was sceptic and had the fingers amputated.
You have to be very careful about cherry-picking statistics, especially when you’re using them to justify a pre-determined conclusion. For example, layoffs happen all the time, throughout the country, at all times of the year, in all sectors; it is the standard way that corporate America does business. According to the Bureau of Labor Statistics, Job losses in the United States averaged 1.923 million every year from 2000 until 2024. “No one” talks about the price being paid by regular American workers for the success of the corporate elite because the corporate elite controls the government and the media. One general observation I think that’s good to keep in mind: “the economy” is, on the one hand, some mysterious national thing that pundits talk about, which may or may not have any relationship to you and your household. On the other hand, “the economy” is an intimately personal thing that you measure using only your own household. I would suggest that it’s one’s “personal economy” that matters far more to most people than the amorphous “national economy.” If you’ve got a good job and things are going well, you will feel good about the economy and ignore any bad news (such as layoffs) that may percolate through your media filter. If you’ve lost your job or you’re working three part-time gigs to make ends meet, you are pessimistic about the future and your feelings about the economy will be negative. You will, in fact, likely magnify the down-side of anything you hear about the economy, good or bad.
I think interest rates are going to drop shortly after the elections, millions will lose their 401K / stock market retirements wiped out, prices everywhere will dive in separation to stay afloat, and interest rates will go to zero. I am hoping that I am wrong, but in 2006 / 2007 the DOW was roughly 13K, you had sky rocketing interest rates, real estate was exploding, the stock market was booming, people were in some kind of drunken euphoria with the idea that prices or interest rates were never going to ever go down again, then reality struck. Now, consider this, The stock market was only 13K back then, the DOW is at 39K, that is 3 x what it was in 2007 . . . I’ve got a feeling we are in for a whopper of a crash . . . LHUA
Door Dash has got to get hit at some point, considering how expensive takeout has become. The one and only time I used them was while delivering to Chicago, IL, back in 2022. I got Italian from a local mom-n-pop joint. The meal was $30, and delivery was $30. I don’t understand how people can afford to use Door Dash on the regular.
Knoxville Tennessee .. Amazon Opened a New Distribution Center in Alcoa Tn, Just North of Downtown Knoxville … Hire a Boatload of People – Right After XMas, MASS LAYOFFS of All these NEW Employees … Amazon Also Bought the Old East Town Shopping Mall, Was Planning on Demolition, Building Another Distribution Plant .. TWO YEARS LATER, Local New Station Got Access Inside the Mall and NOTHING HAS BEEN TOUCHED … With Credit Card Debt at an ALL TIME HIGH … Women Have Stopped Binge Buying or the Hubbies Have Just Plain Ole CUT THEM OFF
This is the only article of yours I’ve seen, so my opinion is based off of just this one. Seems to me, you’re not really doing us any favors with this knowledge you are passing on. You are a merchant of fear, like Fox, CNN, NBC, etc… The fear tactic is a play from an old book, that only works on boomers and older gens. It’s a tired lame manipulation to keep everyone afraid, hold up in their homes and buying shit they don’t need. I’d much rather you share more positive news or tips for self betterment. You do you though man… from looking at your views people are drinking what you’re selling. Maybe I’m wrong and newer gens still love fear mongering… I hope not. 🤔
I have been in heavy equipment operation for almost 30yrs. I owned 2 of my own dozers. Where I live there are several rental companies that rent all kinds of dozers etc. It is a very high dollar start up cost!!! CDL+ Semi+ Dozer. Cost you at least $50,000 to start for old stuff. New stuff would be close to $200 to $300,000!! Dozer rental would be very limited clients list most people just hire a owner operator.
My wife is a High School dropout and last year made 300k. We live in Florida and she was helping an old couple to do stuff around the house first. Later she got a CNA license ($150) and last year created her own company. Also, mobile groomers are a “gold mine” every time I try can’t get an appointment. They don’t even call back! Love the article, already subscribed! 😉
I didn’t become financially independent until I was in my late 40’s, and I’m still in my 40’s. In addition to having purchased my second home and earning money on a monthly basis through passive income, I’ve also achieved three out of five goals. I just hope this inspires someone to realize that it doesn’t matter if you don’t have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.
I have 100 ideas too that havent been explored/offered by any other podcasters yet… so because i cant start ALL of those businesses myself and because i have no experience in any of them, i will make a article/channel and offer my 100 ideas too so i can make money on the viewers that will see my article… then i will create a course to offer the steps needed to start all of those businesses after some google searching… so i will make money in my article and my course offering my 100 ideas to viewers on how to make passive low overhead income from 2025 and beyond. 😂
5:50 Elevator repair is done by a small number of companies who specialize in various brands and are often affiliated with the manufacturers. It requires specialized training that is mostly offered through apprenticeships at those companies. The companies are both union and non-union employers. Such a business require various certifications (by state) and high amounts of liability insurance. In other words it is not an entry level trade or a business that is good for a startup company. The good news is that they are always hiring, but you’ll be on a waitlist for many months or even years. Also bear in mind that it has a high rate of injury and death from falls. Apparently the workers don’t like to follow safety rules.
Well, this is an interesting article although I must say. And I’m not being negative that a lot of the things that you suggested. Today’s Doctor research really or not practical. Because, as an example with the generator or the auto-repair and I should do the work yourself. You cannot hire other people. To do that there’s so much liability. And most people are not going to care about a project. Already work ethic like you would so one mess up could really destroy your business. Although I do understand where you’re coming from about thinking out of the box. And doing the services that nobody else really wants to and that there is a need for but there are hell of a lot more services. You can offer that Are actually enjoyable and rewarding. And you can make way more money
Some great ideas. A few are not that easy to start. Installing generators in Ontario Canada will require an electrician with a masters ticket. That takes apx. eight years to obtain the red seal certification. Bulldozer rental. A bulldozer will cost $250.000 plus. Add in the transportation at $150 an hour with a minimum of a three hour float rental, plus the insurance and general repairs. At $2000 a week your not going to make a great deal of money for the risk involved.