Disasters in Stocks, Inflation, College, Housing, & California

welcome back everyone today we're doing

something new

there is so much news to cover and we

got a lot of folks looking at different

news things like amc is plummeting it's

down like 12

right now and it sucks because the first

it like the short interest is high and

then it's low what we're gonna do though

is we're going to cover multiple

different news pieces just in this video

we're going to put time stamps below

every time so these are some things that

we're going to cover

first thing housing prices who's got

housing prices here

so about 62 percent of all property saw

their equity jumped by 20

in the first quarter from a year earlier

uh that

results in the average person having 33

400 dollars worth of gains in equity

that's crazy so

year over year the average person made

33 grand owning real estate

yet if you rent it you got none of that

so i think this is one of the big

reasons

all y'all gonna buy homes very soon

right exactly

so right now right now they're renting

for me people like

the tenants are like oh well kevin's a

landlord he doesn't want his tenants to

own it's not true the best thing that

tenants could do is become landlords so

become

a landlord yourself become a property

owner yourself that's really cool on

property

what was it two trillion dollars and

well yeah uh collectively there was uh

two trillion dollars created

year to year crazy that's like a whole

biden stimulus plan

all right what else is news wait and oh

it didn't was there anything

how much is it going to go up next year

another 50 percent uh

no they are expecting things to cool off

a little bit uh

just because they're hitting an

affordability wall right now and there's

not enough supply

but uh they don't expect any kind of

crash in prices because uh the demand is

still there

uh it's just going to the rapid gains

are probably going to slow

that's that's exactly what i heard about

amc too it's

it's okay it's okay it's it's just gonna

slow it's just gonna slope

okay we'll see if this is oh eight all

over again i hope not i don't think so i

think it's maybe like a 10

chance but yeah if there is and you know

we buy the dip uh i bought the dip this

morning but on the first dip and now i'm

on the second dip on amc so

it's a little problematic okay who's

next uh what what's our next story

supply chains who's got supply uh on

tuesday just released a series of steps

designed to

strengthen the critical u.s supplies

things so that would be you know large

capacity lithium batteries

rare earth materials semiconductors is

this good for like empty materials

because they do

rare with materials like what are they

doing what are they saying in the story

like

we're gonna we're gonna just plow more

money into into materials or

pretty much there's apparently like a 17

billion dollars in effort for the new

research so like develop our department

of interior is going to be involved

department of health and department of

energy so everyone's just kind of

combining into right now going into it

so buy mp materials is there stock up

today

or over the last few days mp materials i

i have an interview on the channel with

the ceo if you type in meet kevin mp

materials

that guy is funny he invited he said one

day i could come blow up uh

blow a part of the mind with dynamite i

kind of want to do that

because we should we should vlog that so

but yeah i mean think about what the

implications of that are i mean that's

it's

it just reiterates how important this ev

revolution is going to be the battery

revolution

yeah they have a new 10-year plan to

develop that supply chain

for the evs in the united states well

that's

a new one as well that's huge yeah

because right now china destroys

us on battery manufacturing on rare

earth material mining like we're a

fraction of it

uh we got we got to compete with china

we got some work to do so that's that's

a lot of how much money did i say

17 billion okay so so the material

miners and the batteries get 17 billion

and the homeowners get two trillion

dollars

got it all right next next edd wow this

is this is uh

making fun of california right now this

is california failures all over again

we're used to california failures so

this is the situation

so california's edd department is so

hard to get a hold of

that people are starting jobless people

people that are on unemployment

are having to pay intermediaries between

20 to 80

just to get a hold of edd wait just to

get on the phone just to get on

on the phone with them so they're paying

companies there's one specifically

called claimer

they're they're charging people around

50 and they what they do is they have

robo dialers that are constantly calling

edd

non-stop to try to get these people with

their money it's crazy because it's like

so i mean what that means is literally

if you're not using one of those

companies

you're competing against all the robo

dialers

to get a hold of them oh it just shows

how broken california so people are

paying wouldn't you say 50 to 80

just to get on the phone with the state

of california oh yeah and so if you get

disconnected you have to pay again

yeah i think so yeah so what happens is

you call in

and they like they connect you via like

this proxy i guess

or something and then you can hang up

and then they call you it's like a

callback like an on-hold callback

and then finally you're able to call it

but the thing is you have to do this

every time you wanna

to claim your money so it's like you

have to you have to pay this fee like

once a week or once every two weeks

however

you have to certify if you're unemployed

wow that's what yeah

and it's like unemployed people that are

having to pay this yeah

the people who need the most help we're

going through the the biggest

crisis in this country of getting

appropriate help it's the same thing

that's happening with

uh with the rental assistance right now

where people are

wanting to get rental assistance but

they can't because the counties and

cities have all these

weird application processes and laws oh

we'll only cover 70 or 80 percent of

your background it's like

ah that's not what the bill says first

of all in congress

they've got a bill that says rental

assistance up to 12 months of back rent

up to six months of forward rent it

doesn't say

half of your rent it doesn't say 80

percent of your rent but that's classic

california so that's

california for you screwing the people

again well that's why we're running for

governor to try to fix this crap

we gotta fix it okay so next one jobless

what happens

so past six weeks jobless claims have

been hitting new lows

every week and then coming in this week

there was another pandemic lower 447

000 jobless claims and that's combined

with the pandemic that's why

so we're under a half a million now

combined i mean this is incredible i

remember reading these numbers often

you'd add the regular jobless claims and

the

pandemic unemployment claims which are

self-employed people who usually don't

qualify for unemployment

we used to add those together and it was

1.5 1.6 million it was

crazy now we're under a half a million

so that's really good what'd you say was

447

447 yeah that's great yeah and we had

inflation data that came out this

morning

the expectation was a month over month

increase of 0.4 percent

came in at 0.6 slightly higher than

expected

used cars again jacking up prices is

anybody trying to buy a car lately

well i was going to you know here and

then what did you like look at the

prices and oh yeah

no way there was it was no there was no

point too i mean you could buy a new car

for the prices that you're going for

it would just buy like a lesser version

of it okay

uh well yeah so uh used cars

uh we're up 7.6 month over month we've

got

airline tickets we're up seven percent

month over month

so as well as like poultry pork and eggs

and flour we're up one to two percent

each

so you know the inflation is definitely

here but we knew this was going to be

the worst month

we've been knowing this since like

december january since we're comparing

to a big hole last year

so inflation and that's why the market's

actually not doing horribly today the

market's holding up with the exception

of amc

who all's in amc right now oh nobody

just you kevin 72 apparently everybody

just

listened to my warnings and they're like

okay thanks for the warning kevin

bye left me holding the bag fine they're

like have fun

i got strong guns i'll carry all the

bags for everyone

send me the bags all right what's next

college what do we got who's so so

college students

is supposed to be going to school but we

had a pandemic for the last year yeah

so what does this mean what's happening

well it's funny because

it seems like it would be because of the

pandemic but really we're already

trending that way in 2019 and 2018

in that kids were just not going to

college anyway so less people were

already going to college in 18 to 19.

it's already trending that way but like

dramatic

exactly dramatic increase with the

pandemic and of course california

is the number one and the lowest

enrollment for college students oh so so

what you're saying is

with people enrolling in college from

like 18 to 19 kind of did this

uh and then now we're getting data and

it's basically

yeah doing the amc chart exactly wow and

you're saying

the one that's falling the fastest is

actually california

coincidence i think not

so uh what what else what other data is

in that 41 percent face the change in

employment during the pandemic about 19

had their work hours reduced to 22

percent

and we're laid off to being furloughed

so i guess work is a factor as far as

employment or people want money so the

people trying to get ahead

in community colleges and and four-year

institutions they're not enrolling in

college anymore

because the value of a college degree

has plummeted plus the fact that 41

percent of people have changed in

changes in jobs you said a bunch of

people have changes in their hours so

maybe they're not able to get as many

hours as they need or they're not

getting the same amount of pay

people are like oh well mcdonald's is

paying you more money that's great but

is uh is

you know the job that somebody currently

had still available or did they lose

their job after their restaurant went

bankrupt

so a lot of a lot of changes here and i

think people are probably questioning

the value of college

what do you all think yeah i have a good

degree is i just honestly a

very expensive piece of paper now it

seems it's kind of sad i mean you're

going into

sometimes hundreds of thousands of

dollars of student debt just to yeah

there was some sort of like future

school

yeah you mean like one that combined to

community college high school

and and financial education so that by

18 you could graduate debt-free

yeah you know if that was even an idea

that somebody had

people should go to meet kevin.com

donate and donate to meet kevin for

governor because

that's exactly what we're going to do

because this is a disgrace look at this

look at this disgrace that we've got

here

we got housing prices up but that is

good for homeowners but screws people

who can't afford homes we've got supply

chain issues causing inflation that

screws people who don't have wealth

we got the edd screwing people in

california

where poor people who are unemployed

have to pay

california to just get on the phone with

the state

what a travesty we have we got jobless

numbers doing well but that does you no

good

if you need to change careers and you're

getting screwed because

college isn't helping you and people are

like well i guess i'm not going to go to

college

what are you going to get stuck in a

low-paying service industry job

it's sad california is a mess california

is a beautiful state though and we can

fix it

anyway any other news i think that's it

for now i think we did it

awesome take one done