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Views : 1,159,276
Genre: Education
License: Standard YouTube License
Uploaded At Mar 4, 2024 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.853 (1,124/29,466 LTDR)
96.33% of the users lieked the video!!
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User score: 94.50- Overwhelmingly Positive
RYD date created : 2024-11-23T01:14:04.641373Z
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Top Comments of this video!! :3
See, this is a guy that I am truly happy for the fact he is rich now.
He is switched on. Intelligent. Humble. Sincere and down to earth. Everything he has he made not off the back of other people, but himself.
And now he speaks for those being pushed down by those in charge of the economy.
It is a shame this guy is not in politics.
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Microeconomics vs. Macroeconomics. Most people look at the Macro part, and see a very broad picture. However Microeconomics is a vital tool to understanding all those parts and reasons why the Macro is why they are.
Most people will never even touch Microeconomics because they see it as useless, when it's actually very fundamental into knowing the very system you are living in.
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I've been using what I call the "local weekend index" Friday and Sat nights I check out the traffic in my area. Idea being that when people feel their personal finances are better they spend more money for dates and drinks with friends. I also look at the cars. Are they new or 5+ years old? High interest rates mean people can't afford the already inflated new car prices. Bad news for the entire production chain.
Another one is at the apartment complexes in the poorer parts of town. How many reserved spots have cars in them? Around here their vehicles being repoed was one of the first signs in 2007-2008. The lots weren't full again until 2013.
In single family homes are there lots of vehicles? Signs that multiple families or generations are under the same roof? When the people who maybe just climbed into lower middle class start sliding back down it's a bad sign.
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It's funny, it's what i do. I go to all major stores and look at people's faces. How they react to prices. Are they happy? What's in their baskets? How many sales are there? How many rooms are vacant in hotels? What is the cost of an airfare? How much lumber is being sold at home depot? And shit is definitely slowing down.
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I was lucky enough to have Dr. Ben Davidson for both Microeconomics and macroeconomics. He was able to embed the subjects into you through his tests. Each one was a 10 question essay test. The ten questions are drawn from 25 to 40 essay questions he give out day before the test. The man was merciless and fair. He hated short answers.
He noted that the US economy is too dynamic for individual understanding.
10 |
I remember when I was about 15 years old, my father driving through the city and him commenting how it was good seeing the amount of construction cranes in the city, and that it meant the economy was strong. He was a very smart man in so many ways. That comment has always stuck with me. Textbooks are a second-rate indicator. Real life examples tell you all you need to know.
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@anyslacking
8 months ago
We need this man in our politics
1.5K |