U.S. Economy Enters Decline: Layoffs, Store Closures, Chase Mortgage, Fo...

U.S. Economy Enters Decline: Layoffs, Store Closures, Chase Mortgage, Ford Motors, Verizon
39,108 views

1.1K

58

SHARE

SAVE


BULL BOOM BEAR BUST
Published on Oct 6, 2018
The economy continues to slide towards the next recession / collapse with more warning signs coming out of the retail sector and well as the mortgage industry! Chase bank and Movement Mortgage announced recent major layoffs amidst significant housing market slowdown. We also see big layoffs out of Verizon and Ford Motors. The retail sector pain continues with more store closures of Sears, K-Mart, as well as bankruptcy filing and hundreds of Mattress Firm locations shutting down.

Please help our channel grow by clicking like, commenting, sharing our videos and subscribing to our channel.
Follow us on Twitter: https://twitter.com/boom_bull (we will always follow you back)

You can also support us in the following ways:

Get $10 in free bitcoin when you buy/sell at least $100 in digital currency (we also get $10 in bitcoin when you do this) here: https://www.coinbase.com/join/529890d...

Thank you to all viewers and subscribers. I apologize that I do not typically have time to answer questions that are posted in comments. Also, I cannot offer specific investment advice due to the complicated and detailed nature of everyone's personal, unique financial and life situations. Although I usually include sources, charts, data, and links to the subject matter in my videos, the views expressed in my videos are often "one man's opinion" and should not be taken as financial advice, in any way. I urge you to seek professional counsel and for everyone to do their own due diligence prior to making any significant decisions regarding financial and investment matters.
Category
News & Politics

COMMENTS:

4:34 / 12:32
U.S. Economy Enters Decline: Layoffs, Store Closures, Chase Mortgage, Ford Motors, Verizon
39,108 views

1.1K

58

SHARE

SAVE

zend meemail
Pinned by BULL BOOM BEAR BUST
zend meemail
3 days ago
Can't get enough of BBBB!

28


Jim Jim
Jim Jim
3 days ago
They need to shut down Wells Fargo, there’s never been a company more obviously connected to Enron accounting practices.

68


Jerry Moody
Jerry Moody
3 days ago
People need to STOP using Verizon.  Close them down.  They charge the most yet want to repay America by laying off and outsourcing to India.

79


Joseph Neal
Joseph Neal
3 days ago
I moved to California almost two years ago and haven't found a permanent job; I've been doing temp work.  The unemployment rate is lies by the liars who tell them.

76


sled
sled
1 day ago
Car and truck prices are way to high for the regular person. How can you tell me a pick-up truck is worth 40 plus ridicules. I call this greedy.

24


Jerry Moody
Jerry Moody
3 days ago
Mattress Firm.... over priced to begin with.

36


Lexie Mae
Lexie Mae
2 days ago
I sell stuff on eBay and the ONLY people buying are overseas.  America is in real trouble.  I saw this too in 2008

31


Myles Gray
Myles Gray
2 days ago
I never understood why or how Mattress Firm had so manny locations. How often do people rally need a new bed to justify all these prime retail spots?

26


John Garbarini
John Garbarini
2 days ago
The job stats are all baloney; the real unemployment number must be closer to 15% nationwide. Get gold and silver.

32


sbkpilot11
sbkpilot11
2 days ago
2,500 IT workers laid off yet we continue to allow the importation of low cost workers on H1b visas, it's an outrage...

9


Christian Worthinton
Christian Worthinton
2 days ago
The Financial sector is the last to layoff. Bad sign.

8


Dyor
Dyor
1 day ago (edited)
Ya.. most of the companies are outsourcing IT jobs to India (including where i currently work). Its obvious due to cheap labor. These Indian consultants are abusing american jobs coz all onsite hiring they bring it from their own country (cheap salary). They pretend to interview local guys but just for showing. Also most of resumes i found during the interviews were fake.. they have multiple layers of consultants so their background checks are just pased.

6


Craig Prickett
Craig Prickett
3 days ago
Cycles happen. Bubbles happen .Humans love bubbles. Just don’t let one hit you in the face. Best you can do is be aware. I’m in mortgage business too and will say I work for Caliber. We’re laying people off too. In se florida the median price is way to high for the median typical family. I feel really bad seeing these realtors lie there asses off to buyers .  I won’t conspire with these realtor parisites. The next crash needs to clean up these realtor boards and get rich overnight schemers with there flipping nonsense

41


Fun Box
Fun Box
3 days ago
I don’t care what any numbers say.  I drive in my 20 mile radius to see what is going on.  Are there any new cars on the road, where the parking lots are full and empty, who is looking and who is actually purchasing, etc etc etc.  it does not look good out there in my area.

35


Douglas Stejskal
Douglas Stejskal
2 days ago
Trump's tax cuts are nothing but corporate welfare. They were planned as such. Wall Street runs everything. The collapse of the USA has been planned for decades.  Wake up suckers!

17


Mike Makboul
Mike Makboul
3 days ago
The economy is not doing good?! No way  , they  lied to us.....wow

24


Pixel Martyr
Pixel Martyr
1 day ago
The biggest fundamental problem with the American economy is that we have too many people employed in areas that do not contribute to the economy. They just suck off of it. Lending, realtors, finance, lawyers, government workers, etc. America is not a nation that contributes to economic growth by producing goods for consumers. We just consume. Manufacturing is what drives economic growth. All those other professions that do not drive economic growth become very predatory because there are new wealth being produced to sustain them. So they become predatory on whatever exists. To solve their economic problems, they raise taxes, create new legislation, package and sell financial products that shouldn't exist at all like mortgage securities. That's why we have problems in housing, financial markets and massive government debt. Offshoring IT jobs just makes the US more dependent on outside labor and less incentive for students to pursue essential skills that make a nation strong like engineering. Because they can't pay the student loan back because they can't find employment because they engineering firms in the US won't hire expensive Americans. Become an uber driver instead of a mechanical engineer because you'll make a better living. But when war time comes, I think we are going to loose being that we have nothing but uber drivers to defend the country. Greed and stupidity are a perfect marriage. An inseparable stereo typical  couple. All too common here in the US.

8


KQX571
KQX571
3 days ago
2 things you said really bother me.    Store closings BEFORE the holidays, and what JPMorgan Bank said.   That's is some really ominous news...that is some real serious warning.

25


Randall Munson
Randall Munson
2 days ago
Jason - You’re missing one of the biggest problems playing out in your coverage ... the rising Federal deficit.  The “Trump Red Hot Economy” is running on debt.  Look at monthly deficit for Trumps second fiscal year compared to two previous years of Federal deficits.

5


randy osborne
randy osborne
2 days ago
People are in danger because leadership in the US is dysfunctional. Whips and Leaders are the true crux of the corruption. A true disruptor in Congress. They were created during the height of Government corruption in 1899 (leaders) and 1900 (whips). They were NOT implemented by the framers of the Constitution or the Declaration of Independence. Congress is manipulated by Whips and Leaders to broker the bills in a profiteering manner to 501c's, corporations and other countries. The myth is Congress is a weak victim overpowered by the large money lobbyist. But the truth, Congress is the tyranny understanding they have a monopoly selling bills and are aggressive at it. You want a bill passed you have to come through them, so bring your American Express card. There is no defensible argument, Congress betrayed their Fiduciary duty. Whips and Leaders should have been eliminated with Antitrust in the early 1900's. Whips and Leaders front run our republic. This isn't a Democracy, it's not a Republic, it's a coup d'état and the Whips and Leaders are the party of guilt. This should be made into a documentary.