Based on historical data, he predict the financial recession cycle has nothing to do with political party. The recession will come from a few month to a year regardless which political party is in the white house.
https://youtu.be/ILJ41tmQAQ8?si=FNja77HKkOZ0zXzU
some comments from the viewers:
"Economic wise, things have never been worse. We are living in economic times worse than any depression/recession. Fantastic video, once again as always.
1930: Average income was $4,887, average monthly rent was $18 a month ($216 a year), average home was $6,000, average new car price was $500. This said, yearly rent was 4.4% of your income, a home was 123% of your income, a car was 10% of your income.
1935 (peak Great Depression): Average income was $1,622, average rent was $27 monthly ($324 a year), average home was $3,900, average new car was $850. This said, yearly rent was 20% of your income, a home was 240% of your income, a new car was 52% of your income.
2009 (peak 2008 Recession): Average income was $50,000, average rent was $486 monthly ($5,832 yearly), average new car was $23,276, a home was $272,900. This said, yearly rent was 12% of your income, a new car was 47% of your income, and a house was 546% of your income.
2024 (current time): Average income is $59,000, average monthly rent is $1,700 ($20,400 annually), average new car price is $48,000, average home price is $415,000. This said, yearly rent is 35% of your income, a home is 703% of your income, and a new car is 81% of your income. "
