Personal Incomes Plummet: What’s Behind The $109-Billion Decline? | Bob Elliott

Watch David's last interview with Bob: https://www.youtube.com/watch?v=SFc42CUxwcgBob Elliott, CEO and CIO of Unlimited, warns of a looming "season of disappointment" as soaring markets like the S&P 500 at 6,100 mask a decelerating U.S. economy, with a $109.6B income drop, hiring freeze, and tariff-driven price risks threatening a potential crash.*This video was recorded on June 27, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW BOB ELLIOTT:X (@BobEUnlimited): https://x.com/BobEUnlimited TikTok (@bobeunlimited) https://www.tiktok.com/@UClkYGk572o1kZp9juGxSSHg Unlimited Website: https://unlimitedfunds.comNonconsensus (Bob's new Substack): https://bobeunlimited.substack.comFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.com*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.1:12 - Market sentiment2:44 - S&P500 outlook3:56 - Personal Income data5:44 - Labor market data10:04 - Decrease of real wages11:20 - Hiring slowing13:51 - Gold17:04 - Dollar23:24 - Inflation27:30 - Consumer buying power28:50 - Protectionist policies30:38 - Macro indicators32:06 - Historical comparisons34:30 - Asset allocation35:13 - The Fed#investing #stocks #economy