The Causey Consulting Podcast

a) if so, what does that mean? b) what could someone actually do at this point?

Key topics:

✔️ "Go woke, go broke" 😂 And then Bill Gates buys $95 mil of cheap stock. One of these days y'all gonna figure out that the system is rigged for the cronies and the elites, not for you and me.
✔️ Just because we're not in an agrarian society with people living in a room with a dirt floor doesn't mean it's impossible to have an economic depression.
✔️I go back to my original thesis: Gordon Gekko tried to tell you. 

Links:

https://www.cbsnews.com/news/bill-gates-buys-bud-light-anheuser-busch-stocks/

https://blogs.cfainstitute.org/investor/2020/02/11/the-silent-depression-trundling-is-the-new-booming/

https://www.forbes.com/sites/jackkelly/2023/09/05/viral-tiktokers-claim-the-us-is-in-a-silent-depression-worse-than-the-great-depression/?sh=49c381a15fe7

http://www.shadowstats.com/alternate_data/unemployment-charts

https://news.yahoo.com/posts-claiming-us-economy-silent-202247784.html

https://www.buzzsprout.com/1125110/12468460


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

We live in a predatory system. It's designed for the hyper elites and the cronies, not for us. This puts the onus on us even more to caveat emptor and use good critical thinking. Get out of the FOMO and the YOLO as well as the victim mentality.

Key topics:

✔️ "Marry the house, date the rate." 😣
✔️ The cronies get bailed out. You and I do not. There is no magical safety net coming for you unless you are a huge corporation or a Wall Street power broker.
✔️ If you are job hunting, how do you behave? Are you acting like a rude jerk in interviews and then saying it's everyone else's fault?


Links:

https://www.buzzsprout.com/1125110/11044511

https://themakingofamillionaire.com/they-traded-1-800-rent-for-a-4-150-mortgage-now-theyre-having-panic-attacks-c903c96a7970

https://finance.yahoo.com/news/young-couple-rushed-buy-730k-113000742.html

https://medium.com/p/1eae41476c27


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Do you have a job loss survival plan roughed out? Please keep in mind that the govt is quietly "revising" its job numbers and backing off on how supposedly "robust" the job market was and allegedly still is. So what's it gonna take?

The narrative is "oopsy daisy, who could have known? 🤪"  Uh, well, anyone with common sense knows! I told you and warned you repeatedly that these numbers could not possibly have been true. 


Links:

https://causeyconsultingllc.com/2023/06/20/a-tragic-science/

https://thejobmarketjournal.com/f/ha-ha-the-numbers-were-lies

https://www.usatoday.com/story/money/2023/08/23/jobs-report-employment-down-306k/70658639007/

https://www.linkedin.com/news/story/job-growth-cools-in-august-5435681/


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

There is a difference!

As I have said many, many times: by the time you hear something in the MSM, you've waited too late. IMO, it's too late to meaningfully prepare by that point. More people are cluing into the reality that petitions and strikes have not reversed RTO edicts. Well, that's fine and dandy but here's the deal: for me, there's no brownie points for observing the obvious. I'd rather know ahead of time what's coming down the road. Someone stepping outside and saying, "Hey, there's a tornado out here" is different from a meteorologist telling you, "Your area is under a tornado watch. You need to be prepared to take cover quickly over the next few hours." 🤷🏻‍♀️

Links:

https://thejobmarketjournal.com/f/ya-think

https://fortune.com/2023/08/14/great-reshuffle-is-over-welcome-big-stay-careers-linkedin-data-employment-job-market-linda-cai/

https://www.linkedin.com/news/story/goldman-renews-its-5-day-rto-push-5736436/

https://www.thestreet.com/personal-finance/employment-expert-explains-why-remote-work-wont-last



Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

As I've said before, IMO, if someone hasn't prepared already for an economic downturn, if they think The Great Resignation is still going on and will do so forever, they really believe 3.5% unemployment rate, there's nothing I can do. 🤷🏻‍♀️ I started the Saturday Broadcasts when I saw the storm clouds coming and I feel like I've done what I can do. If someone is not awake, good luck. 

Link:

https://www.youtube.com/watch?v=1UNKgTrUdbg


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Key topics:

✔️ ICYMI news, 8/13-8/18.
✔️ While y'all were losing yer minds over a country song and a movie, Fitch was talking about downgrading more banks, maybe even JPMorgan Chase. Does it ever seem like these neocon vs neolib stories are meant to be ridiculous distractions from real news?
✔️ Developers want to scoop up Hawaiian lands post wildfires. I can almost hear a sound in the background... "You vill own nozing und you vill be happy..."
✔️Maxed out credit cards, pay debt or buy food, etc. Does that sound like a resilient economy to you?

Links:

https://www.cnbc.com/2023/08/13/56-percent-of-student-loan-borrowers-will-have-to-choose-loans-or-necessities.html
https://finance.yahoo.com/news/young-adults-are-more-reliant-on-credit-cards-than-ever-before-172038233.html
https://finance.yahoo.com/news/americans-are-still-ransacking-their-retirement-savings-134840735.html
https://survivingtomorrow.org/hyper-elites-are-desperate-for-a-recession-because-they-want-to-buy-your-assets-for-cheap-1e8800f836
https://www.linkedin.com/news/story/apple-maps-looks-to-post-car-future-6389410/
https://causeyconsultingllc.com/2023/07/18/hey-remember-when-i-predicted-this/
https://www.cnbc.com/2023/08/14/retail-earnings-preview-wmt-tgt-hd-to-report-q2-results.html
https://www.linkedin.com/news/story/goldman-rate-relief-finally-coming-5731812/
https://www.cnbc.com/2023/08/14/kraft-heinz-picks-new-ceo-carlos-abrams-rivera-to-replace-miguel-patricio.html
https://www.cnbc.com/2023/08/14/ubs-to-pay-1point4-billion-for-fraud-in-mortgage-backed-securities.html
https://finance.yahoo.com/news/ibm-plans-replace-nearly-8-174052360.html
https://finance.yahoo.com/news/america-broke-robert-kiyosaki-warns-155155342.html
https://www.linkedin.com/news/story/regular-rich-are-feeling-poorer-5419505/
https://www.cnbc.com/2023/08/15/fitch-warns-it-may-be-forced-to-downgrade-dozens-of-banks.html
https://tinyurl.com/yuhaypzh
https://tinyurl.com/2s4485n3
https://finance.yahoo.com/news/the-pre-pandemic-economy-may-never-come-back-morning-brief-100020697.html
https://finance.yahoo.com/news/a-resilient-us-consumer-could-complicate-the-feds-path-forward-093037908.html
https://finance.yahoo.com/news/cracks-starting-show-kevin-oleary-161152429.html
https://www.linkedin.com/news/story/us-economy-continues-to-surprise-6399234/
https://www.youtube.com/watch?v=JQIoWu19O5w
https://tinyurl.com/mrm6fdfz
https://www.marketwatch.com/story/another-challenge-for-homebuyers-more-investors-are-snapping-up-homes-and-40-of-them-are-using-cash-f979e772
https://finance.yahoo.com/news/investors-are-betting-its-1998-not-2007-morning-brief-123335648.html
https://www.linkedin.com/news/story/savings-depletion-signals-slowdown-5413225/
https://www.linkedin.com/news/story/fed-still-hawkish-on-inflation-5419529/
https://www.linkedin.com/news/story/us-plans-imported-food-can-tariffs-5743324/
https://finance.yahoo.com/news/heres-how-4-retail-ceos-are-feeling-about-back-to-school-shopping-181742759.html
https://tinyurl.com/2xvcusd5
https://tinyurl.com/2s3wtj8p
https://finance.yahoo.com/news/goldman-sachs-no-longer-expects-us-home-prices-to-decline-in-2023-122047056.html
https://www.linkedin.com/news/story/hotels-tours-feel-us-travel-slump-5739900/
https://finance.yahoo.com/news/death-entire-financial-monetary-social-180841464.html

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Key topics:

✔️ ICYMI news, 8/7-8/11.
✔️ 401k hardship withdrawals. Record debt. But hey: people'r'doin' great! 😵‍💫
✔️ Zoom called people back, LOL. If that doesn't say something to ya, I don't know what will.
✔️ Is inflation abating? Is it time to go back to QE and easy money? Really? 😵‍💫😵‍💫😵‍💫

Links:


https://www.independent.co.uk/news/uk/scotland-snp-labour-scottish-labour-bank-of-england-b2388598.html

https://fortune.com/2023/08/05/black-swan-hedge-fund-mark-spitznagel-interview-taleb-credit-bubble/

https://thehill.com/homenews/campaign/4138653-trump-claims-he-only-needs-one-more-indictment-to-win-2024-election/

https://techcrunch.com/2023/08/04/astra-lays-off-25-of-workforce-reallocates-engineers-in-an-effort-to-fight-dwindling-cash-reserves/

https://www.linkedin.com/news/story/whos-listening-when-you-type-5725516/

https://www.cnbc.com/2023/08/08/managing-student-loan-payments-as-credit-card-debt-tops-1-trillion.html

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

https://finance.yahoo.com/news/moodys-downgrades-10-us-banks-032059270.html

https://www.aier.org/article/the-fed-hits-3000-percent-inflation/

https://www.cnbc.com/2023/08/09/cpi-inflation-report-for-july-high-prices-are-still-a-problem.html

https://finance.yahoo.com/news/cpi-preview-inflation-expected-to-have-ticked-slightly-higher-last-month-185526103.html

https://finance.yahoo.com/news/gas-prices-are-higher-again-hitting-consumers-very-directly-and-very-profoundly-142018507.html

https://finance.yahoo.com/news/u-mortgage-rates-spike-highest-152158993.html

https://finance.yahoo.com/news/wework-stock-plunges-after-company-raises-substantial-doubt-about-its-future-163844077.html

https://www.theguardian.com/commentisfree/2023/aug/08/remote-work-over-zoom-ordered-employees-back-to-office

https://www.linkedin.com/news/story/china-falls-into-deflation-5728220/

https://finance.yahoo.com/news/july-inflation-data-shows-convincing-signs-price-pressures-easing-taking-heat-off-fed-155410903.html

https://finance.yahoo.com/news/inflation-consumer-prices-rise-32-in-july-as-inflation-slowdown-stalls-123122066.html

https://www.linkedin.com/news/story/are-high-prices-here-to-stay-6384602/

https://www.axios.com/2023/08/04/biden-end-remote-work-federal-employees

https://www.cnbc.com/2023/08/11/80percent-of-bosses-say-they-regret-earlier-return-to-office-plans.html

https://www.cnbc.com/2023/06/30/job-interviews-are-getting-longer-heres-why-it-could-be-a-red-flag-.html

https://www.youtube.com/watch?v=lFyECzKnVKE

https://www.cnbc.com/2023/08/11/why-americans-are-struggling-with-car-loans.html

https://causeyconsultingllc.com/2023/08/08/slow-time-to-hire-which-any-job-seeker-could-tell-you/

https://thejobmarketjournal.com/f/the-dream-is-fading-fast

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Key topics:

✔️ ICYMI news, 7/31-8/4.
✔️3.5% unemployment rate. No recession coming. Now, defaults are on the rise and credit card debt is the highest it's ever been, but people'r'doin' great! 😵‍💫
✔️ Maybe if we use adjectives like soft, smooth, resilient, and robust often enough, you'll believe it.

Links:

https://www.linkedin.com/news/story/feds-kashkari-sees-smooth-landing-5384505/

https://www.buzzsprout.com/1125110/12468460

https://finance.yahoo.com/news/banking-turmoil-arrives-in-small-town-usa-with-heartland-tri-state-failure-191454443.html

https://causeyconsultingllc.com/2023/08/01/stupid-butt-things/

https://www.buzzsprout.com/1125110/13312020

https://www.cnbc.com/2023/08/01/job-market-is-cooling-says-economist-but-pockets-of-heat-remain.html

https://www.cnbc.com/2023/08/01/jolts-june-2023-job-openings-layoffs-both-declined-in-a-positive-sign-for-the-labor-market.html

https://www.linkedin.com/news/story/job-openings-slip-to-2-year-low-5713644/

https://www.fool.com/the-ascent/personal-finance/articles/billionaire-ceo-says-remote-workers-just-need-a-nice-little-recession-to-return-to-the-office/

https://www.investopedia.com/terms/f/fitch-ratings.asp?hid=b73b603d72bcd3f47ade8267397398f51e717cde&did=9855109-20230802&utm_campaign=term-of-the-day_newsletter&utm_source=investopedia&utm_medium=email&utm_content=080223

https://www.cnbc.com/2023/08/02/the-fitch-analyst-behind-the-us-downgrade-breaks-down-the-decision.html

https://finance.yahoo.com/news/mohamed-el-erian-on-fitchs-us-debt-downgrade-why-now-180659135.html

https://www.linkedin.com/news/story/cvs-earnings-up-amid-layoff-news-5715636/

https://www.cbsnews.com/news/retirement-low-wage-older-workers-no-savings/

https://medium.com/surviving-tomorrow/hyper-elites-are-desperate-for-a-recession-because-they-want-to-buy-your-assets-for-cheap-1e8800f836

https://fortune.com/2023/08/03/michael-bloomberg-billionaire-return-to-office-federal-agencies/

https://www.linkedin.com/news/story/bosses-confront-flex-work-realities-5386649/

https://finance.yahoo.com/news/jobs-report-us-labor-market-growth-set-to-slow-further-in-july-163440335.html

https://www.linkedin.com/news/story/did-bad-vibes-ward-off-a-recession-5377569/

https://www.cnbc.com/2023/08/04/google-offers-on-campus-hotel-special-to-lure-workers-back-in.html

https://www.cnbc.com/2023/08/04/heres-where-the-jobs-are-for-july-2023-in-one-chart.html

https://www.cnbc.com/2023/08/04/jpmorgan-backs-off-recession-call-even-with-very-elevated-risks.html

https://finance.yahoo.com/news/americans-owe-a-record-1-trillion-in-credit-card-debt-205759223.html

https://finance.yahoo.com/news/inflation-is-still-walloping-wallets-just-ask-americas-diner-dennys-181216576.html

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Recently, I watched Deutsche Welle's documentary, "Poverty in Britain - Why are millions of Brits so broke?" which you can find here: https://www.youtube.com/watch?v=BK68yyrKUOA&t=2s.

In this film, the UK's Universal Credit program is discussed and I couldn't help but wonder: is this a glimpse into life with a UBI?

Links:

https://www.youtube.com/watch?v=BK68yyrKUOA&t=2s

https://en.wikipedia.org/wiki/Universal_Credit

https://www.vice.com/en/article/zn7gaj/ashton-under-lyne-jobcentre-protests-universal-credit

https://www.theguardian.com/technology/2017/may/08/virtual-reality-religion-robots-sapiens-book

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/ 

Key topics:

✔️ ICYMI news, 7/24-7/28.
✔️Middle-income Americans are stressed about inflation but somehow, Barbenheimer had a blow out box office weekend. WTF, people.
✔️Things are wonderful and people are doin' great yet: further cost cutting measures and layoffs and protracted job searches. Seems like one of those narratives is false.
✔️GDP goin' up. No recession coming, not even one that rises from the mist like Brigadoon. ALL IS WELL. 😵‍💫

Links:

https://www.linkedin.com/news/story/barbenheimer-rules-the-box-office-6365026/

https://www.marketwatch.com/story/heres-how-worried-middle-income-americans-are-about-inflation-7c178f33

https://www.linkedin.com/pulse/office-occupancy-creeping-back-up-other-happenings-world-borden/

https://www.cnbc.com/2023/07/25/general-motors-gm-earnings-q2-2023.html

https://finance.yahoo.com/news/jpmorgan-some-reasons-to-be-bearish-on-the-red-hot-stock-market-120053446.html

https://finance.yahoo.com/news/deep-recession-force-full-percentage-140024511.html

https://www.linkedin.com/feed/update/urn:li:activity:7089249233882472448/

https://www.linkedin.com/news/story/banks-told-to-revise-deposit-data-5363569/

https://www.linkedin.com/news/story/austins-rto-rates-are-falling-5364241/

https://www.youtube.com/watch?v=fwjKXsHOduo&t=1109s

https://medium.datadriveninvestor.com/the-2023-dreadful-surge-in-bankruptcy-filings-44b41f523837

https://www.linkedin.com/news/story/gdp-growth-speeds-up-to-24-5365721/

https://markets.businessinsider.com/news/commodities/housing-recession-market-nar-pending-home-sales-economist-mortgage-rates-2023-7

https://www.economist.com/the-economist-explains/2023/07/26/what-will-be-the-impact-of-indias-rice-export-ban

https://www.wsj.com/articles/bidens-next-dilemma-union-jobs-or-pricier-diced-tomatoes-53be693e

https://www.cnbc.com/2023/07/28/pce-inflation-june-2023-.html

https://finance.yahoo.com/news/much-interest-earn-1-million-150000229.html

https://www.pbs.org/newshour/economy/how-a-rolling-recession-or-a-richcession-could-spare-the-rest-of-the-economy-from-a-downturn

 Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/