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Infrastructure Bill Passes With no New Taxes || The NASDAQ is up Over 10% Affects The Inflation - YouTube
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markets are having a great fourth
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quarter infrastructure bill gets passed
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and it looks like this could be an epic
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christmas spending season let's talk
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about it
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hello everybody joe orbit coming at you
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and as i've said 2021 is gonna be a
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great year for the markets we're heading
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in now we're in the middle of the last
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quarter and as you can tell we are
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seeing great returns in this quarter it
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looks like we're making up the losses
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the small losses and the flatness we saw
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the third quarter and we can see that
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the s p the dow and the nasdaq are all
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up for this quarter the nasdaq is up
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over 10 percent since october 1st that
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is great news and i believe this could
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continue throughout the end of the year
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so watch out for this the only area that
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could really affect it would be
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inflation you know fed chairman powell
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has come out and said that he still sees
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a transitory it could be temporary but
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it's definitely going to continue on the
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next year goods and services and food as
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i've said are going to continue to get
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more and more expensive but it does not
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look like it's slowing down people's
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christmas spending they are talking
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about
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record year for spending people have
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cash
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now the savings rate in america has come
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down i was talking about this on my
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channel for months how we saw savings
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rates in the double digits and just
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recently it came down to about 7.65
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and this is actually really good news
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this is not a negative this means that
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people are back out spending again which
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is one of the reasons why we're seeing
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the stock market do as well in the
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fourth quarter and it's going to
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continue throughout the christmas season
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so this could be a very good santa rally
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heading into december
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let's talk about the infrastructure bill
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this has been around for months and
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months i've done many videos on this it
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finally got passed through both houses
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of congress turns out it was whittled
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down from many many trillions down to
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about 1.25 trillion and it truly is just
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an infrastructure bill today uh what
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we're looking at is about 110 billion of
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this 1.25 trillion to build new roads
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and new bridges and they're going to
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take about 40 billion of this money to
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spend to repair our bridges i mean our
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bridges and our roads in this country
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need a lot of work so i'm excited about
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this i'm excited they're going to be
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building some new bridges so the
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positive thing is some new roads some
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new bridges and some repairs the
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negative thing is that means that you
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and i are gonna be stuck in a lot of
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traffic they're looking at putting about
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a hundred billion dollars into transit
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and trains about 65 billion dollars is
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going to go towards increasing broadband
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internet access to families all across
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america and this is a must we saw this
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during the pandemic when people were
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sent home a lot of kids didn't have
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access to internet it should be a free
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item it should be something that every
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american has complete and total access
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to because it's nearly impossible to
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conduct any business everything goes off
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the internet now so we should definitely
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allow
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every american to have access to
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high-speed broadband internet so i'm
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glad to see this as part of the pack
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they're gonna put about 17 billion
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dollars towards improving our airports
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about nine and a half billion dollars to
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build more chargers for the
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onslaught of electric vehicles that
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we're seeing they're gonna put about 65
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billion dollars towards updating our
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electrical grid and this is really
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important if you haven't watched john
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oliver's last week tonight his most
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recent show does a great dive into our
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electric grid and why it's so important
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that we get this updated so at least
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we're going to see 65 billion dollars go
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into the grid to continue to allow us to
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you know actually keep the lights on
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we've seen more blackouts we've seen
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double the amount of blackouts this year
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than we did last year so it's important
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that we keep this updated they're going
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to put about 55 billion dollars into
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improving our water supply and about 20
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plus billion dollars to superfund sites
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superfund sites or those areas that have
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been so polluted that the government has
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called it a super fund which i guess is
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just a better way than saying just a
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massive pile of crap because it's been
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so polluted that's gonna help to clean
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up some of these areas so the bill was
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passed it looks like it's going to do a
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lot of good actually for this country
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infrastructure to me is a huge deal i
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want to make sure that we have great
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roads that we have great electric that
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we have great access to broadband i'm
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happy that we got something out of this
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and it's going to go through so this is
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going to benefit us i i can't say
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anything negative about it i'm glad that
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it wasn't three or four trillion dollars
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because i feel like we're spending
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enough money
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at least we got something through and we
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will see some positives come from this
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bill as the year winds down make sure
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you're checking back every week for
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updates as i said i think 21 could be a
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great year we'll have to see what
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happens over the next month and a half
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thank you very much for tuning in
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subscribe if you want to see more videos
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like this add comments below for what
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you'd like to see in future videos and
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i'll see you next week
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