Comments by "worn down" (@worndown8280) on "SMOKING HOT Labor Market DESTROYING Housing" video.

  1. I think a lot of people dont understand the labor market. Every year now we are short 400k workers due to baby boomers retiring, by 2030 that will be close to a million a year shortage. Thats irrespective of PPP loans and the stimis. On top of that we had 11 million open jobs. Thats down to 9.6 million now but we still have a lot of jobs to eat. This could be the first economic downturn were we dont actually see higher unemployment rates for a very very long time. Our demography is that screwed up that the next two generations, the zoomers and alpha will not be large enough to replace the boomers in total numbers and thats over a 40 year period. We are in unknown territory. But one thing is for certain, because of that shortage labor inflation will run hot and that will force the fed to raise rates. that will make the bonds here in the US more attractive to overseas investment flooding our markets causing more inflation. I dont think people are really prepared for how height interest rates will go.
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  2. All of the things discussed are trailing indicators. If you want to look at leading indicators, look at transport. And ocean and rail transport are a dumpster fire right now. After the holiday season its going to be a blood bath. Just so little is being shipped right now and everything is discounted be retailers. Just look at Nike's numbers. Way worse than 08 and we arent even in the shit yet. 44% of its product base is being discounted right now to make way for the new stuff coming in. And then there is the strength of the dollar that is murdering them and tons of other companies.
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  3.  @realestatemindset  You are welcome. I enjoy your channel. Unfortunately for those of us waiting to buy real estate, it, like unemployment is a trailing indicator. So for us, in that case, patience is a virtue. Even if you want to pull a trigger on a some good property. It can be nerve wracking. But in the end, we will win.
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  4. ​ @Ketobodybuilderajb  Yeah, it has been. Nike's overseas earnings was hurt by 15% due to the strong dollar. But they are still slightly profitable. Even though overall profits are down 22%. And you have to remember, these are all trailing numbers from the last quarter. But after the holidays you just wont be able to hide it. A good but very entertaining channel is the maverick of wallstreet. He doesnt do anything about housing, except the occasional Michael Burry tweet, just the market. (only reason i would mention it on another's channel)
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