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The Hidden Truth About Economic Recovery | What No One is Telling You - YouTube
Channel: Dr. Nitin Chhoda - Ignition Time
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Hi everyone, this is Dr. Nitin Chhoda.
In this video,
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some new information has come to light
that definitively proves that we are in
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the middle of a K
shaped recovery. The rich are getting
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richer, big companies are getting even
bigger than ever before
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while the poor are getting crushed. I 'll
give you some interesting trends
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across all states across the country as
well as across
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different occupations across the country
so you know exactly where
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the economic recovery stands. Now as you
know Apple,
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Best Buy, Nike more recently Target
and also Home Depot have been making so
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much money. They've reported some of
their best earning periods
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in the past several years even though
we're in the middle of this pandemic. In
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fact, I saw a news article today about Apple
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that that surprised me.
Apple is now and you see this chart on
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your screen actually. Apple is the first
US company to reach $2 trillion
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in value. That is a staggering amount of money
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and they actually they their value
increased during the pandemic, believe it
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or not. So it took Apple
42 years, look at this chart on your
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screen, it took Apple
42 years to reach $1 trillion
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and in the past 21 weeks more
specifically in the last 2 years
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their value has gone up from 1 trillion
to 2 trillion. A majority of that
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increase in value from 1 trillion to 2 trillion
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has actually happened in the past 21
weeks while the global economy shrank,
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faster than ever
Apple's value continued to increase
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substantially.
In fact, Apple just became the first US
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company to hit a
$2 trillion valuation when their
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shares reached that critical threshold
of 467.78 cents
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at the time i'm recording this video. So
um you know this is a big milestone for
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Apple and again you know
big companies are getting bigger and
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bigger and as recently as the middle of
march this year
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Apple's value was under $1 trillion
after the stock market plunged
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because of fears of the pandemic.
And now we have
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all of these big companies Apple,
Microsoft, Amazon,
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Google and Facebook that now make a
majority, make up a majority of the SMP
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500. That's where we stand right now.
Now let's take a look at the state of
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the economy and I want to give full credit
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to the New York Times for this
phenomenal piece of reporting
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and I will provide you with the link to
this article in the description section
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below so you can check it out. Now this
chart that you see on your screen
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is basically a reshaping of commerce in
the United States and I believe
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these some of these changes are actually
going to be permanent. Some businesses
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will continue to thrive whereas others will go
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out of business completely and I believe
this is a precursor
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of things to come across the entire
world. So before I get into the chart I
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just want to tell you that on the top of
the chart from left to right
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that is the time period. So that is you
know going back to the start of the year
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all the way through to all the way
through where we are now and the line
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that you see in the middle
represents essentially the baseline
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economic activity
where we were before the start of the
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pandemic. So again when we go from left
to right you're seeing the time period,
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what's happened from the start of the
year, and we have a threshold here of
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March 19th as you can see on the chart ,that's
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when California issued the first stay-at-home
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order. And so again from left to right
you have the time period
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and then again that baseline right in
the middle represents baseline economic
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activity
before the pandemic hit so as you can
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imagine if anything goes below that line
that means that
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things are much worse after the pandemic
and as we get closer to that line it
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means
that recovery for that particular state
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and for that particular occupation for
that particular industry is taking place
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again this is a phenomenal chart and you
can check it out on new york times
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website
i'll provide you with a link to this in
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the description section below but let's
take a look at this and analyze exactly
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where things are happening
so as you know the effects of the
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pandemic started in the first quarter of
the year
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right after march and what basically
started happening is and this
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blue bar that you see is the national
average and so again what you're seeing
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is a nationwide trend remember the
trends are specific
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to specific states as the pandemic came
back then you know the activity became a
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little bit more sluggish now you'll see
new york highlighted on your screen and
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you can see that new york is essentially
at the bottom of the curve
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because new york did take up the biggest
brunt if you will
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of this entire pandemic and and all of
those lines represent different states
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let's take a look at mississippi in
mississippi visits to businesses dropped
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by only 25
in march from a year earlier even as the
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national decline was nearly 48
and so some states were impacted you
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know not as badly as others now let's
take a look at massachusetts
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it had a severe early outbreak you know
being a neighbor to new york
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and trips to commercial locations in
march fell by more than 50 percent
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from year before and the state has moved
cautiously to reopen
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bars remain closed by law and business
visits are down over 31
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you can see a significant impact between
massachusetts and mississippi and
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remember what you saw earlier
was the national average all those lines
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in between represent all the other
states
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in the country let's take a look at
oregon which kind of falls in between
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mississippi and massachusetts the state
avoided a major outbreak in the early
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spring
but after it began reopening in mid-may
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it had a steep increase in the number of
cases
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so you can see the impact in that
particular state now let's
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even within the state of oregon people
have not returned to all the businesses
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that they're frequent because
now you can see all those lines you can
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see people have not gone back to bars
and you know grocery shopping and home
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improvement and convenience stores
are on the rise now but again this shows
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the impact within oregon for different
industries as you can see
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home improvement in particular that's
why home depot made so much money
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and reported a massive massive increase
in the earnings because people are
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gen you know people are spending a lot
of money on home improvement while
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they're stuck indoors
bars have been suffering because they
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emerged as hot spots
for transmission bars have been among
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the hardest hit and it doesn't look like
bars are going to recover anytime soon
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to be completely honest i mean
i i don't know of many people who are
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going to bars at this point in time
airports and travel
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are suffering uh people aren't really
you know people aren't really taking
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public transport that much train
stations
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uh too much of an impact here's the
interesting thing hospitals
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urgent care all of these businesses
industries if you will are suffering
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grocery which saw a big spike if you
look at the left side
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of the chart grocery we saw a big spike
when this whole pandemic broke out
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is now sort of starting to level off
home improvement
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gas stations all of these essential
services if you will
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and i wouldn't really call home
improvement essential but a lot of
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people are doing home improvement
so gas stations and a lot of services
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that we absolutely need are now starting
to stabilize
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back to where they were people are now
starting to frequent big box stores
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although that's had a bit of an up and
down trend
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pharmacies people are now gradually
starting to go back to pharmacies
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mainly drive-throughs and that's
basically what's going on
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across different industries so as you
can see depending on the industry some
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industries have not recovered at all
and some industries have recovered
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substantially and actually doing
better than ever before back to their
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pre-pandemic levels
south dakota is one of the states that
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is do you know sort of did very well in
fact they turned down
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the 400 week booster mississippi is
right at the top
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mississippi seems to be doing well and
so you have these two states right at
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the top and when i go down you have
alabama
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iowa arkansas all of these states by the
way are back to
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in general economic activity better than
pre-pandemic levels going down we have
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tennessee
and as i go down the list you have south
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carolina which is right at the midpoint
right at the baseline if you will and
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then these states indiana kentucky
montana idaho
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are below the baseline and that that
bold line that i showed you at the start
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of this video
is the national baseline that's where
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things stand
right now in some states new jersey
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maryland massachusetts california and
new york
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are below the national baseline in terms
of economic activity so those are the
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national trends and
that's how different states compare with
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the national trends many states as you
can see
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a majority of states are right now below
the national trend which by the way is
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what
pulls that national trend line down
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below the baseline
that you saw at the start of the video
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and so the national trend
actually does not tell you the full
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picture because the picture is different
for different states and different for
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different industries
within different states with new york
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being the state that has suffered the
most
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economic damage at this point in time
thank you so much for watching everybody
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i think this is an unusual
this is a historic dichotomy between
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some companies making more and more
money
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and some states suffering and the
national the national baseline the
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national average
being far from where it was at the start
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of the pandemic we are gradually
starting to make our way back
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but it is going to be a long road ahead
and it's clear right now
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that this is a k shaped recovery thank
you so much for watching everyone
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my name is dr nitin showdown with
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at any time my name is dr nitin shoda if
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learn more about me
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bye
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