SHOCKING: Something is VERY WRONG Here! THEY LIED TO US ABOUT THE ECONOMY’S NUMBERS AGAIN!

breaking news as they have lied to us again about the economy's numbers I mean at this point like should any of us even be surprised and the strong consumer that they continue to boast on National Television that was complete BS I think what's more important is expectations expectations were down again back into the territory where consumers indicate that they think a recession is coming and when you look beneath the surface consumers continue to complain about inflation being elevated especially food energy prices and they're still concerned about the labor market and their personal finances ahead but they're not it's not present so this is all just like the what if scenario like what if this happens um is is that fair to say well certainly uh yeah it is what if but it's over the next six months and we know that consumers are going to be facing some headwinds here we have the student loan uh debt repayment that's going to be coming back online consumers are running out of that excess savings prices are still elevated wages are slowing so is the labor market and so when we see and we put all these things together plus the fact that many consumers are becoming much more indebted at higher interest rates this doesn't present a good story for the consumer so we think that consumers are getting it right and saying look there's trouble ahead and consumers are right trouble is coming ahead in fact we've seen trouble these past few years the present and the foreseeable future so yeah there's no way to avoid what's coming for us but we continue to hear all of this optimism you know the great news that the economy is getting back on its feet through a poorly titled economic plan and we as consumers well we know what's happening when we go to Walmart to Target to Krogers you know what I'm saying it's not getting easier for a lot of people but just to show you how bad the numbers were revised look at this guys so we have the personal consumption numbers and as you can see besides the fourth quarter of 2022 all of the numbers that you see here had to be rised down not good so what was the Q2 personal consumption numbers it was at 1.7 initially but the revision showed that in reality it was a measly point eight percent Crazy Drop huh that's like 50 it hasn't stopped the White House from saying that the numbers were good though because by the time the revisions come out well they pretty much don't talk about it as much so who cares as much right although they've always found a way to try and make garbage look like gold president quote core inflation has fallen at 2.4 percent over the last three months the lowest level in over two years but despite the drop I know families are feeling last month's increase in gas prices and here was the President's chief economic advisor just a little while ago turning to bidenomics we start from a position of strength the U.S economy is in solid shape we must build on the progress we've made let's get something clear about core inflation all right it doesn't include energy in food so the two main things that we buy they're not even included in this calculation like do they think that we don't know these things and wait he said the lowest level in two years you mean the lowest level since he took office right I don't think that's something that you can brag about tell you what this community has some of the sharpest Minds that I've seen online so let me just go ahead and ask you guys do you feel as if this economic plan from the government has been working if you do go ahead and type one in the comments if not type two all right and while you guys read it make sure to smash the like button and subscribe to the channel and turn on all notifications so you don't miss out on these updates that they don't want you to see especially since they're true appreciate the love you guys and moving on climate change continues to be a thorn on our side and it's not just encouraging people to block roads and all that stuff but home insurance premiums are supposedly going up and it's all due to climate change our serious protecting with the planet is investigating how climate change is straining our insurance system some say it's being driven to the brink of collapse we just mentioned there have been a record 23 extreme weather events in the U.S this year each causing at least one billion dollars in damage that's billion with a B first on CBS mornings alarming new data show how disasters are making home insurance unaffordable and in many cases almost impossible to get many homeowners are already facing this insurance crisis in States like California and they're in Florida according to First Street it's becoming more expensive to ensure property because of natural disasters made worse by climate change CBS News analyzed their data which found the cities in South Florida most at risk from wind damage now and in the future are Miami Fort Lauderdale and Hollywood where 100 percent of homes are at risk for high insurance premiums or losing coverage altogether we're at a unique uh point where climate change is intersecting with economic conditions including inflation in cost of reinsurance cost of construction all of those things taken together are actually costing insurance companies a lot more in regards to the claims they're paying out which means that they either have to raise their premiums to bring more money in or they have to stop offering coverage coming up in our special report we'll show you how the risk of extreme wildfires and hurricanes is causing insurance companies to pull out of California and Florida and the Extreme Measures some homeowners are taking to avoid escalating Insurance costs oh yeah climate change is driving up home insurance premiums can you believe that next thing you know there's going to be people saying you can't go on a diet or you can't attend your birthday party because of climate change I mean I don't mean to joke about this but it feels like as if the climate change situation has been the Fall Guy for raising so many different prices and premiums and related to Falls we're seeing the housing market crash right in front of our eyes guys you see pending home sales here they have dropped to their lowest level since 2020. compared to last year it's down 19 can you believe that now this this is absolutely huge and this is due to the fact that mortgage rates are just at a point where people can't get into the housing market anymore but what are you guys seeing in your area are people buying houses like there's no tomorrow or are you seeing more people just kind of stay put since they have lower mortgage rates from years ago I guess it really doesn't help that the Federal Reserve continues to signal that they're going to keep raising interest rates or at least keep it as high as they can for a lot more time in order to quote unquote tame inflation and I'm using those quotes as Loosely as I can but speaking of the FED did you know that they're also cutting staff the irony right so they wanted less Americans in the workforce and you know what they say be careful what you wish for how many layoffs are they talking about here well they're talking about 300 people now the number might not necessarily be staggering you know but if you think about the fact that this hasn't happened before in more than a decade then you kind of get a oh crap moment like where you see that they can't even afford layoffs so on that note you guys remember SPF right that one time cryptos camera who's in jail right now yeah that guy well he may not be able to avoid going to prison since a judge just rejected his request to temporarily get out of jail to help his lawyers mount a defense the judge which let's face it is actually doing his job said that this guy is obviously a Flight Risk because he's looking at a long long long sentence which leads the judge to believe that he's just going to pretty much book it once they let him out of jail but what do you guys think does he look like the type of person that would run at the first sight of prison time I'll just go and keep my personal opinion to myself nah screw it that dude would totally bolt but it's not all bad news Well bad news for svb but good news has come for writers as the strike in Hollywood are now coming to an end this morning a tentative deal reached between union leaders and Hollywood studios I've been crying for the last 15 minutes my phone has been blowing up I just feel Indescribable Joy the agreement coming just five days shy of what would have been the longest Hollywood strike in more than 70 years The Writer's Guild of America touting solidarity in an email to members and thanking other union members for their extraordinary support on the picket lines for over 146 days while terms of the deal have yet to be made public it's reported that the agreement contains most of what was demanded by the union including increases in royalty payments for streaming content and guarantees that artificial intelligence will not encroach on writers credits and compensation so let's hope that the story ends with a happy ending in hey congratulations to the writers for fighting for their worth so what are your thoughts on today's updates guys make sure to get into the conversation down in the comment section down below and before I go I want to thank you guys so much for all the love for all the support and I will see you guys on the next one be safe