Things have to get way worse before they can get better.

Added: 2026-05-21

[00:00:00][music] [music] >> Do you know back in 20 2020 I worked 101 days straight when COVID first hit and you're probably asking yourself Larry, why did you do that?

[00:00:23]For the money.

[00:00:26]Yeah, why else would I do that? Oh, and I knew what was coming after that.

[00:00:33]I'm Larry of the No Regret Show and I try to make goals achievable being practical and being realistic.

[00:00:43]When you're realistic and you set small practical goals, you can achieve them.

[00:00:48]When you set crazy expectations, I know it sounds good in the movies and on social media, but when you don't get there you're going to get discouraged and you're going to quit.

[00:01:01]So, think about subscribing hyping the video, spreading the video.

[00:01:07]Do you want to know why I worked 101 days straight?

[00:01:13]My job pretty much wrote a blank check over COVID.

[00:01:16]Some of you may know I'm a longshoreman.

[00:01:19]We uh Well, we actually recently last year, a little bit over a year and a half ago it might have made the news, which it did, that we were going on strike.

[00:01:32]And one of the main things that our ILA president said was we want our share.

[00:01:38]He said the shippers made $400 billion profit.

[00:01:48]They made $400 billion not because of uh of them you know, pretty much making up this number. They did it because people were buying more than ever before because they had money.

[00:02:03]What happens is when people buy more and there's more money out there, I knew things were going to get more expensive because of inflation.

[00:02:13]And let me explain this to you.

[00:02:16]And I want to try to really emphasize, prices don't come down until people stop spending.

[00:02:25]When people stop spending, that's when prices come down. As long as people keep spending and as long as people are buying whatever they want, whenever they want it on credit, that's why credit is so abundant. You see all the buy now, pay later.

[00:02:41]Let me explain, the stock market does not work in cycles. Anybody that tells you, "Oh, the stock market works in cycles." They have no clue of what they're talking about. Where did they get that from? I do not know. They make it up. They think that they can predict what happens in cycles. You cannot. The only thing you can understand is life happens in cycles.

[00:03:05]When they gave out all that free money, Check out this guy.

[00:03:11]Woo!

[00:03:13]Guys, you got to be careful with motorcycles.

[00:03:16]I used to have one. That lane splitting, all you need is one person not to be paying attention and change lanes and it's a wrap. But, when they gave out that money, they didn't care about you.

[00:03:31]They wanted people spending. That's what it's about. They didn't care if you paid your bills or not.

[00:03:38]They wanted you to think that's what they did. They did not care about you paying your bills. They cared about keeping this big snowball Ponzi going.

[00:03:52]The market does not work in cycles, life happens in cycles. People will spend, spend, spend, spend, spend, and then when the banks start to get high levels of default, meaning people are not paying back that money, you can't even get the real numbers when it comes to Klarna and all these buy now, pay later. You can't get the real numbers from them because they're keeping it a secret. But when when default rates get to a certain amount and banks go, "We're not lending any more money for cars. We're raising the bar of criteria. We're not giving car loans to people who got 500 credit scores." Back in the day, if you walked into a dealership with a 500 credit score, they wouldn't even acknowledge you. If they ran your credit, see back in the day when they ran your credit, you needed to have pay stubs, too.

[00:04:46]Now, as long as your credit is good enough, they'll give you a auto loan.

[00:04:51]Back in the day, you needed a couple months of pay stubs.

[00:04:55]You had to literally They would call your boss to see if you're still employed. They don't even do that anymore.

[00:05:04]For people to understand this, and this is what I'm really trying to hammer home, prices will stay high, prices will stay up until people stop buying. Do you know when nobody was traveling, prices to Aruba and flights to Aruba were like $200, $250 round trip United.

[00:05:28]Nobody was traveling.

[00:05:30]Do you know what the prices are to Aruba now?

[00:05:34]You're looking at like $1,500 round trip to Aruba.

[00:05:40]This is why we haven't really been there because I'm like, "I'm not paying that."

[00:05:45]Usually, this is the off-peak season.

[00:05:48]It's still busy right now. I'm not doing that. I'm not doing it. I'll go when the flights come down.

[00:05:54]Why would I pay top dollar to go when we can rent it out and charge top dollar and let other people pay that?

[00:06:02]Every time you buy what you want, you put your pockets on a diet, meaning they're not fat anymore. That's That's why everything is so expensive because people keep buying. Do you know when prices come down? When people refuse to pay these prices. I'm not paying that.

[00:06:18]LET THAT LET THAT Let Let Yo, the Let that food stay on the shelf.

[00:06:24]Once the grocery stores got to start eating that stuff and people are not willing I saw I saw a fruit salad, right?

[00:06:32]I saw a fruit salad at a store.

[00:06:35]It was like pineapple, strawberries, blueberries, uh like, you know, chopped fruits and honeydew and cantaloupe and watermelon.

[00:06:45]It was $35. I said, "What?"

[00:06:48]I said, "$35?"

[00:06:51]I looked at the price of one apple. One green apple was $3. I was like, "Damn."

[00:06:57]Now you see why it's so hard for people to eat healthy. But, if you got money and you got your finances, you you really kind of don't care about the prices. That's why there's kind of a disconnect right now because you got a small group of people that got the money and they'll pay whatever it is. I'll I'll tell you that right now.

[00:07:15]I'm I'm going to pay more money for healthier stuff than I am for slop and stuff that's going to kill me.

[00:07:21]So, I would rather pay top dollar for more healthier stuff. But, prices come down when you stop spending. Prices come down when you literally say, "You know what?

[00:07:33]I'm not doing this anymore." People aren't going out eating out the way they used to.

[00:07:39]This summer, more people are going to cook at home than before. You got a lot of people that can't afford to go out and have dinner. That's why movie theaters are done. By the time you go out to eat, and by the time you go to a movie, you'll spend what, $200?

[00:07:55]People don't have that.

[00:07:59]The market Remember, the market doesn't work in cycles. Here's what happens.

[00:08:03]They give out money because they're scared people aren't going to spend.

[00:08:10]It's called stimulus. People go out and buy, drive up the prices. If everybody's got money, everybody can bid on an item, drives up prices. Then when people say they won't do it, and nine times out of 10, very few people say that, the majority people say, "I can't do it."

[00:08:28]There's no spending, and then prices come crashing down because companies are not, uh, you know, like they're not profitable anymore.

[00:08:40]And then what happens is markets delay, and they come down, and they start the whole process all over again. That's what I'm If you want to keep money in your pocket, keep money in your pocket. Don't worry about the economy. I don't worry about the economy. The goal is to keep money in your pockets, okay?

[00:08:56]Hope you made it this far. No regrets.

[00:08:58]Get it.