Breaking Points
Krystal and Saagar kick off this week on Breaking Points by analyzing the new GDP data and key economic indicators pointing towards a recession arriving very soon
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Niko Lusiani: https://rooseveltinstitute.org/publications/prices-profits-and-power/
Of course they are lying and feeding you nonsense about Ukraine.
Glad you’re feeling ok, Krystal. Be well!
Yeah, but no more mean tweets!
Krystal is vaccinated? Boosted? Double boosted?
I didn't understand where the recession is when I keep seeing stores packed, but I forgot that credit card debt is at an all time high.
Unemployment will remain low as long as people can keep stealing cars and robbing every type of store without other ever being arrested. 😭😭😭
Its only just starting midwits.
Krystal with another hot garb finance take. All of the futures contracts that she says wall street is influencing are bought and sold by the commodity producers themselves to lock in profits and deliver at a later date. Anyone can buy these contracts, but if you hold them to the term you will be expected to deliver said commodities at the expiration of the contract. If producers believe that they can sell at a higher price than the end of the contract date they will reject the contract pricing and store the commodity. Don't bother thinking of the supply and demand of futures contracts or the nuance of spot pricing. Just get your one Wall Street dig in to look like a true rebel.
If you had a little too much to drink over the holiday you can just say that, you don't need to make up a covid excuse. 😂🤣
Get Well Soon!!
tacky tie, Saagar.🤔 double windsor, dude. looks sloppy.🤨
To fight inflation you need to do a few things:
1. Raise intrest rates to near the level of inflation. This process has barely started.
2. Cut Govt spending on things that are not necessary. This process hasn't started at all.
3. You need to unwind the supply chain mess. No one in the govt has done anything from what i can see. (Using the US Military to make reccomendations to fix the supply chain is a good idea. The US Military's ability in logistics is one of the best if not the best in the world. Supply chains are by definition logistics)
4. You need to encourage oil production and refining. Dems seems to be completly aginst this.
All periods of inflation this high are followed by recession. Biden admins ability to deal with both inflation and recession is very doubtful considering what they have done so far..
You noticed! Would you tell the president that we're having problems outside the beltline.
another vaccinated person getting covid.
How many single use widget factories does a society really need??
I guess the 6 boosters didn’t help Krystal
Thank god. Omicron is worse than…allergies
The rules defining recession call for 3 quarters of negative GDP. It's always been the case where we have to assume we're in a recession until the final number is in.
Hilarious how all these super pro-vaxxers that have gotten a million shots and shamed everyone for refusing forced vaccination are now ALL coming down with positive tests! Its almost like getting all of those immuno-suppressing injections has had a negative effect of a persons bodies ability to fight off the virus!
Woooow, who could have known?!
Oh, thats right. All of us who refused to get the injections.
A lot of people want Trump to run.
The last time that we were in a recession, the eggheads didn’t officially admit it until it was over.
Yeah.. except the industry simply does not work that way. Maybe the promoter they chose works that way.
Get well soon Krystal! ✌️
If you come to Orange County or Las Vegas, please post
Anyone stupid enough to beg for a modern New deal. ALCU Back when they were not insane did a study that said USA had a slower recovery than the rest of the world because of the New Deal.
Stagflation and the low unemployment rate is a mirage…there are a huge number of potential workers sitting out bc of government entitlements…when that goes away, more workers join the workforce, businesses and the economy thrives, number of product increases driving down prices…free market always wins…always
I mean yeah printing 80% of all money ever printed in last 22 months may have a reaction on the economy. They are literally robbing us on that printed money and on the inflation on the back end. Instead of taking rich people's money they print and raise inflation to recoup losses. Creating a corp run monopoly on all business.(essentially the gov) Only way to lower inflation is competing business. Most small businesses are long gone. We're done as a country lol. Would you rather have one big orange tree or a million small orange trees. We need to decentralize power. No wonder they are all corrupt.
Oh well well looks like the invisible scourge got you at last, eat some chicken soup and rest well everything will be alright….
krystal blames everything on ''climate change''
Please bring on Kamala & Mayor Pete!!!
Glad Krystal is doing well 🙂 I also have dodged the 'rona so far, somehow lol. Kinda crazy to get hit with it after such a long time, though!
I also got COVID for the first time at the end of last week and through the weekend. It is going around like crazy. Not going to lie though, it was quite mild. No fever or loss of smell/taste. Mainly headaches, body aches, dizziness, and mental confusion/slowness.
I blame Kyle xD
Feel better Krystal, a lot of people this time of the year are catching a mild flu, I'm healing as well. Sending you good vibes and blessed for you two guys inspirational news.
Still not sure what a “live show” for news pundits entails. Are they just recording an episode with a live audience?
It's so pathetically sad that our 2 political parties can't dig up better people than Biden and trump. We should feel deeply ashamed of these parties.
I can think of several candidates who would be excellent.
The rent is too damn high
2 negative quarters equal recession, welcome to day 5 and counting
Love Saager’s energy here
The working people that were on the margins before are far more underwater. Inflation is recessionary for those who cannot keep pace.
How do I buy TICKETS?!?!?!
First of all, Saagar is the GOAT. Secondly, this isn't surprising. Unless you're among the elite, you feel that the recession is already here. MAJOR pain for everyone else. Thirdly, get well soon, Krystal! 💖
I rarely tune in to Breaking Points because Krystal is basically a female version of Ryan Grim, which is not a good thing; but Saagar really is pretty good, he needs to dump that chick and pick up someone like Kim Iverson instead.
Lol Krystal caught the monkeypox from Kyle. I wonder what that butt pirate has been up to.
Safe and effective. Thankfully you are vaccinated, or things would be much worse. 🙂
U vote blue then u let them 💙 do this blue f**k over to us. Stop ✋
Hey pretty sure YouTube is messing with BreakPoints. I’m subscribed and typically get your feeds consistently. Haven’t seen anything from you guys in over a week. Forgot to check in until i saw one of your polls. Just want to make you aware.
Not even the strongest deep-sea diving vessel can plumb the depths of stupidity of the Democrat voters who 'elected' Biden, Kamala and Pelosi. The Democrats are burning the country to the ground.
The conspiracy theorist in me wonders if the downturn could be being exacerbated by the very powerful with levers of power to reset this moment of workers having a tiny bit of power.