Rebel Capitalist News Blackrock Insider Reveals TRUTH About Economy, H1B Visa Debate, Is This A Market Top?
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Jan 3, 2025 A BlackRock insider shares their concerns about the U.S. economy, hinting at a potential bear market by 2025. The discussion dives into the heated H-1B visa debate, weighing job security against economic opportunity. Listeners are urged to consider the effects of government spending and intervention on living standards. Investment strategies are analyzed, highlighting the importance of market narratives over traditional metrics. Exploring immigration policies reveals how protectionism may stifle job creation, underscoring the complex dynamics at play in today’s economic landscape.
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Artificial Economic Stimulation
- The US government propped up a failing economy during the 2024 election through crisis-level spending.
- An 8% deficit-to-GDP ratio during an election year raises questions about the true state of the economy.
Private Sector Weakness
- Private sector job growth is negative when government jobs are excluded, suggesting a weaker economy.
- Government spending may stimulate short-term, but acts as a long-term drag.
Venezuelan Immigrants' Economic Impact
- George Gammon's Venezuelan employees, who entered the US recently, are broke and uneducated.
- He questions their impact on aggregate demand and whether their departure would significantly affect the economy.