Let's discuss the 2023 recession and debt ceiling, why the United States spends so much money, and what this means for you, your money, and your investments - Enjoy! Add me on Instagram: GPStephan | Follow my newsletter here: GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: NEW BANKROLL COFFEE NOW FOR SALE: The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: - $100 OFF WITH CODE 100OFF The Debt Ceiling: Simply put: the “debt ceiling” is the MAXIMUM amount of money that the US Government is allowed to borrow, to pay for all of its obligations, like social security and medicare benefits, salaries, interest on the national debt, tax refunds, and a multitude of other responsibilities that a country needs to maintain. However, once this debt limit is reached, or - we hit the ceiling … all of those items can longer be funded to the point where, services slowly begin shutting down to conserve resources. As of now, the United States is expected to reach their “debt limit” on Thursday, January 19th…after it was already raised by $2.5 trillion dollars back in December of 2021 - Although, what makes THIS time so unique is that it’s no longer a game of money, but instead, it’s a tug-of-war of negotiations. In this case, In THIS case, one side wants their spending initiatives to pass, while the other wants spending to be REDUCED - and, they both have to agree if we’re to move forward. As the New York Times pointed out, “breaching the debt limit would lead to a first-ever default for the United States, creating financial chaos in the global economy. It would also force American officials to choose between continuing assistance like Social Security checks….and paying interest on the country’s debt” If we look back in history….so far, the “worst” debt-ceiling standoff, which resulted in a lower credit rating, caused the markets to drop almost 20% in TOTAL until a resolution was drawn - from 1995 to 1996, the SP500 dropped about 4% - 2013 saw another 6% drop - and, over the last 10 years, we can see that there’s typically short term hesitation in the markets…until it’s eventually raised, and then..the stock market goes up right alongside with it. So, the reality is, short term until this is resolved, investors may try to price in the slim, slim, slim chance of a government shut down - but, as we can see - realistically, they would NEVER allow the government to get to the point of defaulting on its debt, and - most likely, everything will carry on as usual, especially considering that we have until June to figure something until the “extraordinary measures”run out. It’s probably not something to worry about, although - if you see it listed as a headline in the coming few days, weeks, or months, at least now you know WHY its become such a large talking point…and hopefully, this helps you understand a little more as to how dysfunctional the entire process really is. My ENTIRE Camera and Recording Equipment: For business inquiries, you can reach me at graham@night.co *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/...(read more)
BREAKING: Recession News
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The 2023 Recession Keeps Getting Worse As we step into the year 2023, the global economic situation seems to be worsening by the day. The recession that hit the world in the previous year shows no signs of abating, leaving millions of individuals and businesses grappling with the debilitating effects. The root causes of this recession are manifold, but the ongoing COVID-19 pandemic appears to be the primary culprit. Despite the introduction of vaccines and medical advancements, new variants of the virus continue to emerge, leading to further waves of infections and ensuing lockdowns. These restrictions have severely hampered the functioning of numerous industries and disrupted global supply chains, causing a domino effect on the economy. One of the sectors hit hardest by the recession is the travel and tourism industry. With countries imposing travel restrictions, mandatory quarantines, and outright bans, airlines, hotels, and tour operators have borne the brunt of the economic fallout. Thousands of jobs have been lost, and businesses in this sector are struggling to stay afloat. Similarly, the retail industry has suffered a significant blow as consumer spending patterns have changed drastically. As people fear for their financial stability and prioritize essential items, luxury goods and non-essential commodities have taken a back seat. As a result, numerous stores and brands have had to shut down permanently, and unemployment rates have skyrocketed. The manufacturing sector, too, has been grappling with the repercussions of the recession. With weakened demand and disruptions in the global supply chains, factories have been forced to cut back on production. This reduction has resulted in job losses and a general slowdown in economic activity. The real estate market has also experienced a sharp decline in demand. As people face uncertain economic prospects, buying homes or investing in properties has become a low priority. Consequently, property prices have plummeted, leaving many homeowners underwater on their mortgages. This situation has further compounded the already dire consequences of the recession. Furthermore, the recession has trickled down to impact individuals and their daily lives. Businesses are cutting back on expenses, leading to layoffs and reduced salaries. With increased financial strain, individuals are finding it difficult to meet their basic needs and pay their debts. The psychological toll of the recession cannot be understated, as people struggle with anxiety about an uncertain future. Amidst this bleak economic landscape, governments worldwide find themselves in a tough position. Balancing public health concerns with the need to revive the economy has proven to be an incredibly challenging task. Fiscal policies and stimulus packages that provided temporary relief in the early stages of the recession are no longer sufficient to combat the worsening situation. The road to recovery remains arduous and uncertain. Experts argue that systemic changes are required to prevent future crises and build a more resilient global economy. Governments must focus on strengthening healthcare systems, investing in sustainable industries, and fostering innovation. Additionally, measures such as unemployment benefits, debt relief, and retraining programs can help individuals and affected sectors navigate through these turbulent times. In conclusion, the 2023 recession continues to worsen, burdening economies globally. The ongoing pandemic, coupled with its various implications, has wreaked havoc on industries, businesses, and individuals alike. Governments must act swiftly and decisively to implement sustainable solutions, as the repercussions of this recession are likely to be felt for years to come. https://inflationprotection.org/the-deteriorating-state-of-the-2023-recession/?feed_id=118658&_unique_id=64b6df8aa087b #Inflation #Retirement #GoldIRA #Wealth #Investing #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions #RecessionNews #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions
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