CTA-Timer Pro (Trade with the Machines) $30/mo — Get it before it goes to $40/mo!
Markets Insider Pro™ (Steve, Jeff & Tracy’s Research and Trade Reports) — Currently $60/mo with coupon (follow the link below) before the last of the coupons go.
Portfolio Shield™ (Steve & Jeff’s Momentum-Based Investment Strategy)
Portfolio Shield™, Momentum Timer Pro™, and Markets Insider Pro™ are unregistered trademarks of Steven Van Metre Financial.
Watermark Artwork by Jasmine Miller Twitter: @jazcreative
Atlas Financial Advisors, Inc. (AFA) is a registered investment adviser and the opinions expressed by (AFA) on this show are their own and do not reflect the opinions of YouTube. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Public comments posted on this site are not selected, amended, deleted, or sorted in any way. If applicable, certain editing of personal identifiable information and mis information may be deleted….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Economies in Freefall: Countries Worldwide Are on the Brink of Plunging into a Deep Recession
The year 2020 has thrown the global economy into disarray like never before. The COVID-19 pandemic has wreaked havoc on nations around the world, causing economies to collapse and bringing countries to the brink of a deep recession. From developed nations to emerging markets, the impact has been felt far and wide, leaving governments scrambling for solutions to save their economies.
Countries that were once considered stable and prosperous are now experiencing freefall as unemployment rates skyrocket, businesses shut down, and trade comes to a standstill. The International Monetary Fund (IMF) has warned that the global economy is expected to shrink by 3% in 2020, a sharp contrast to the growth projections made just a few months ago.
The lockdown measures undertaken by governments to curb the spread of the virus have had a crippling effect on businesses. Small and medium-sized enterprises (SMEs) have been hit the hardest, with many facing closure and bankruptcy. These businesses are the backbone of economies, employing a significant portion of the workforce, and their collapse will have severe long-term consequences.
Tourism, a major driver of economic growth for several countries, has seen a complete halt due to travel restrictions and fear among potential travelers. This industry, which employs millions worldwide, is now in dire straits, with airlines, hotels, and travel agencies facing existential threats. The impact on economies heavily reliant on tourism, such as Thailand and Greece, will be substantial and long-lasting.
The oil industry, another pillar of many economies, has been hit by a double whammy. With global travel at a standstill, demand for oil has plummeted, causing prices to drop to unprecedented levels. Additionally, a price war between major producers Saudi Arabia and Russia, which flooded the market with supply, further exacerbated the crisis. Oil-dependent countries like Saudi Arabia, Russia, and Venezuela face an uphill battle to stabilize their economies.
The downturn in consumer spending has also taken a toll on retail, manufacturing, and services sectors. As people prioritize essential items over non-essential purchases, shops have seen a sharp decline in sales, leading to furloughs, layoffs, and store closures. Consumer confidence has been shattered, and the road to recovery for these sectors will be long and uncertain.
Governments around the world have responded to the crisis with stimulus packages and financial aid to support businesses and individuals affected by the economic fallout. However, the magnitude of the problem is such that these measures may not be enough to prevent a deep recession. Unemployment rates continue to rise, and public debt is reaching record levels, adding to the uncertainty of the recovery process.
The road to economic recovery will depend largely on how the pandemic unfolds in the coming months. The development and widespread distribution of effective vaccines or treatments will be crucial in restoring consumer confidence, reopening businesses, and reviving trade. However, there are numerous challenges and uncertainties ahead that could prolong the economic downturn.
In conclusion, economies worldwide are teetering on the edge of a deep recession in the wake of the COVID-19 pandemic. The impact has been widespread and devastating, affecting every sector and country to varying degrees. The road to recovery will be challenging, and the true extent of the damage caused may not be fully understood for years to come. As governments and policymakers navigate these uncharted waters, the hope remains that concerted efforts and global cooperation will help countries emerge from this crisis stronger and more resilient.
Inflation, recession, job loss, business closures, wars and what have you, but the stock market is still racing ahead!
Seems like I've been hearing about this impending recession for years now. Could it be all the talk is wrong, and that it's wrong because of the unique circumstances that led us to this situation, and that prognosticators are all really just talking out of their asses for views?
How do sign up ?
This guy reminds me of Mr G from half life.
Thanks Steve
There are no methods to stimulate The Western economies. ZIRP and QE won't work and cause The crash of fiat currencies only with The added problems that come with that. The only solution is to concentrate on The real economy, meaning The amounts of steel, concrete and wheat produced. IT means The failure of liberalism and The reintroduction of Soviet style economy / USSR.
FJB!!!
They had been predicting recession since 2016 nothing happened.
Despite recession and inflation, consistency in building your financial stability should be a priority, side investing is a lucrative step we should all take, starting an investment with just $700 can generate over $86,000 investment in (real estate), (dividend), (gold), (cryptocurrency), (stocks), the government has let us all down, so we need to take a bold step and achieve our goals.
For almost 12 months these types of videos have come out daily. I guess eventually youll be right
The labor market is stressed when you look at WHO is losing jobs. In the Covid financial hit, it was mostly hospitality and restaurant workers who lost their jobs. This group comprised of people making at, or near, minimum wage. What we are seeing right now is High Paid (100k+) tech workers who are getting pink slips. One tech worker has more discretionary money to purchase things in stores, than 6-10 minimum wage workers.
Recession, then depression, then war – see how that works. I have not heard one iota of the possibility of the liberal run mass media talking about recession – they all say the economy is humming along, liars. Good news is they will be the first to go when "it hits the fan" – they serve no purpose at this point.
Steve, Yellen lied going into the mid terms about the inflation problem. Do you think she is going to tell the truth now with her boss' re-election coming up.
MARKETS ARE RISING AS OF JAN 2023
TWO YEARS AGO!!!
Not blind, all planned…
Wait for Steven to get bearish on T-Bonds, that's when I'll load up on them.
The Fed focuses on inflation because inflation eats away at the investments of the rich, while a depression only affects the commoners. Like the government, the Fed serves the interests of the wealthy. It’s not that they don’t know what they’re doing, it’s that they do.
Steve, now I'm confused. You showed us a chart that suggests credit card lending standards are tightening, yet I just read an article that claims banks have on net raised credit limits on credit cards. This would be consistent with the fact that credit card balances keep hitting all time highs, or maybe just everyone is using up their available credit. Please weigh in on this apparent discrepancy.
Steve, you guys keep saying "on the brink". Can you give us some idea of what that means. Are there any timing mechanisms or historical data that will give us an idea of how this will occur time wise?
blah, blah, blah…same ole' story while the markets hit all-time highs.
You've been telling us, economy going crash for two years shut up
Recessions are like the seasons, in that they always come around regularly. Not sure why anybody would suggest we can ever avoid future sessions or that it would even be healthy to do so.
Yep recession is coming as world global activity is slowing and turning down significantly including U.S.. I remember the brains saying in 2007 the U.S. economy is decoupled from the rest of the world, that was really wrong, as it is wrong now.
Steve, I am greatly enjoying your reports (CTA reports too)!
Germany cut it's own nose off with their idiotic energy policies. Energy expenditure is highly corelated with GDP.