Why You Don't Matter Anymore ........... (Economically Speaking)

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⚡️Start designing today with Gamma for free ➡️ ----- Citibank Papers: Steve Eisman Interview: ---- Sign up for our FREE newsletter! - Books we recommend - Listen on Spotify - ----- My Other Channel: @HowHistoryWorks @HowMoneyWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #economy #money #finance ----- Late last week the US shocked economists with a report that contained results they were not really expecting. The economy had grown at a shocking 3.8% pace in the second quarter, seemingly “putting to rest” all of the concerns that the naysayers had about a softening job market, trade wars, the cost of living, skyrocketing defaults, declining labour force participation, sector wide crises, and slowing productivity. Sounds great right? Well as you might have already guessed there is… a lot… to unpack from these numbers. GDP isn’t a flawless measure, even in normal times, and as I am sure you have probably noticed… There is… a lot… going on at the moment. But if you do what nobody else wants to do, and actually read the data behind these figures it tells three very interesting stories that challenges a lot of assumptions that we have about how our economy “should” work. This goes well beyond just simply growing inequality, that’s not exactly shocking news anymore. BUT if you ARE looking for a sign of just how “healthy and balanced” the current market is, a new report has revealed that there are now more private equity firms in America… Than there are McDonalds… And the reason is very simple… if all of these numbers needed a headline it would probably be:… You Don’t Matter Anymore… (economically speaking of course)...