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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
New Data Suggests I’m WRONG About A Recession
For months now, economists and financial analysts have been warning about the possibility of an impending recession. However, new data suggests that these warnings may have been premature, and that the economy may be in better shape than previously thought.
One key indicator that has been closely monitored is the unemployment rate. In recent months, the unemployment rate has remained low, indicating that the job market continues to be strong. In addition, new job creation has also been on the rise, which is a positive sign for the economy.
Another important factor to consider is consumer spending. In recent months, consumer spending has remained strong, which is a clear sign that people are confident in the economy and are willing to spend their hard-earned money. This bodes well for the overall health of the economy, as consumer spending is a major driver of economic growth.
Additionally, the stock market has been performing well in recent months, reaching new highs and showing no signs of a significant downturn. This is another positive sign for the economy, as a strong stock market can often be indicative of a healthy and growing economy.
The housing market is also showing signs of strength, with home sales and prices continuing to rise. This is an important indicator of economic health, as the housing market plays a key role in driving consumer confidence and spending.
Although there are certain areas of concern, such as the ongoing trade tensions with China and the uncertainty surrounding Brexit, the overall data suggests that the economy is in a much better position than previously thought.
While it is important to remain cautious and vigilant, the new data provides reason to be cautiously optimistic about the state of the economy. It is a reminder that economic forecasting is an imperfect science, and that new data can often change the outlook for the future.
In conclusion, the new data suggests that the warnings of a recession may have been premature, and that the economy may be in better shape than previously thought. While it is important to remain mindful of potential challenges, the current data paints a more positive picture of the economic outlook.
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Hold on, if the 10 y, yield is going up, longer term bond prices are falling usually because, of expected interest rate rises/inflation expectations, -Right? Why is that when everyone is expecting a pivot? hmmm
Friend I've been traveling a little bit around the country. I'm as Berish as they come but if we're in a recession, I hate to see what this is gonna look like as far as interest rates and inflation when we're not, we seem to forget the critical variable, most people have housing payments way way below where they should be, which creates a massive amount of disposable income for the top 30%, of course the bifurcation is the bottom 60% is a shit show
Full-time jobs are decreasing while part-time jobs are increasing. Look at the employment numbers after revision. It shows that the numbers are worse than what the government is pushing through the media. My guess is that they are going to artificially pump the market for re-election purposes. Once the election is over, everything will dump like a waterfall. Then they'll blame the new President for the markets crashing.
Price Average<Current Price=Profit.
The heck! I just realized I got unsubscribed from your channel! I heard other channels talk about this, but this is the first time I've seen it.
Hey George! You living in Colombia?
new studies show there really is ocean front property in Nevada. buy now before someone else gets it.
Well somebody missed all the reports on companies about to lay a bunch of people off
Why are we not looking at what the government is collecting in taxes? Instead of employment numbers?
Unemployment plunged????? CA went up to 5.1
How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit within a month during downturns, and I need ideas on how to achieve similar profits.
We are in a multi year depression.
Finally
Nice Head & Shoulders pattern on the rates…get ready for the flush. What the Fed has done is become responsible for all the companies not profitable year over year. It's our version of socialism marrying capitalism. When it crashes, which it will, it will be quick and planned. And…the taxpayers will have to foot the bill, again. There is no reason to pay taxes ever again…..ever.
80%of the country is always in a recession
The numbers are bull. The jobs report is cooked, look at the participation rate. Government jobs and healthcare propped up last report – nothing to be happy about. People with two and three jobs – numbers are not catching that at all. People are out of money – but by design there is 760 billion from the inflation reduction act ready to inject into the economy. No melt down to until end of 2024 or even start of 2025. Things out there are not great. Enjoy.
WHAT MAKES YOU THINK the data is NOT made up?? This is the first thing you do to when you LIE about the economy!!
when you look at bs numbers, you come up with mo bs.
I am unfollowing you. You are consistently wrong on too many things.
Jobs indicator is a lagging indicator, exactly, unemployment goes up when you're already there.
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventuality, that’s how some folks' been averaging 15% every 7week according to Bloomberg
Oh ooh, once the smart informed don't believe it's going to crash…
Ive always said stagflation
Ed dowd points out the death rate of the highest paid workers is at an all time high. That age range, specifically is between 20-45 years. He postulates the unemployment rate is low because of this dynamic. His work is pristine, and since it is based on life insurance data, it can’t be over looked.
Does this guy ever take into account the baby boomers that are retiring every day ?
Notice that the recession does not come until after the yield curve de-inverts!
…classic heads and shoulder pattern on the 10 year … head to neck correction project future rate of minus 0.5% …
This is all predicting a war on American trade/the west/capitalism I think
Can you trust the numbers ?
SA = Seasonally Adjusted NSA = Not Seasonally Adjusted
Holy crap, the sky isn't falling.
Nevermind, just wait til next week!
George is wrong again
Yeah but look at a chart of m2/S&P, doesn't look good.
Recession (they/them)
wrong for years George….just stop and save many money…go live on your millions and get a life.
But we are in a recession…..the numbers lie. We have entered a depression that will be worse than the Great Depression of the 1930's.
Proxy Wars = Economic Manipulation
Refund?
A blind person walking along gets new data with each tap of the stick and so it is with
vision impaired macro analysts.
Take war spending out of the equation, and the truth is told.
The government can't count. Assets expensive. Cash expensive. Sideways till something breaks one way or another.