The global economy has been on shaky ground for quite some time now, with many experts warning that a recession is just around the corner. One such expert who has been vocal about this looming economic downturn is George Gammon.
Gammon, a well-known investor and financial educator, has been sounding the alarm about the impending recession for some time now. In his videos and podcasts, he highlights the various economic indicators that suggest that a recession is on the horizon. From slowing GDP growth to an inverted yield curve, Gammon presents a compelling case for why we need to be prepared for an economic downturn.
One of the key factors that Gammon points to is the massive amount of debt that has been accumulated by governments, corporations, and individuals. As interest rates have been kept artificially low for years, borrowing has become cheap and easy, leading to an explosion in debt levels. Gammon argues that this debt burden will eventually become unsustainable and could trigger a financial crisis.
Another issue that Gammon raises is the lack of savings among households. With wages stagnant and the cost of living rising, many families have little to no savings to fall back on in the event of an economic downturn. This lack of a financial safety net could exacerbate the effects of a recession, leading to increased financial distress for many.
In addition to these fundamental economic factors, Gammon also points to geopolitical risks and trade tensions as potential triggers for a recession. With the ongoing trade war between the US and China, as well as political instability in various regions around the world, the global economy is facing increased uncertainty and volatility.
While Gammon’s warnings may sound ominous, he also offers practical advice on how individuals can protect themselves in the event of a recession. From diversifying investments to cutting back on expenses and increasing savings, there are steps that people can take to weather the storm.
Ultimately, the message that George Gammon is trying to convey is that the recession is coming, and we need to be prepared. By staying informed and taking proactive steps to secure our financial future, we can mitigate the impact of an economic downturn and come out stronger on the other side. As the old adage goes, “forewarned is forearmed,” and Gammon’s insights serve as a timely reminder to be vigilant in these uncertain economic times.
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George Gammon is a perma bull and one day he will be right
George has zero credibility at this point.
I used to listen to him, but he was a permabear, like that gold dude…got sick of it.
Gammon
Omg i hate trying to come back to a video for it to be deleted, what happened to the main interview that was posted this morning or yesterday?
With the fed continuing to manipulate the market all the time there really is no history to go by.
Lmfao black rock won’t let shit happen just wait
What are we calling the current recession?
What we are at a recession?
So unless you're wealthy… you've already been experiencing a recession and to deny that is irresponsible. Record high rents mixed with landlords continuing to suck the renters dry add in explosive costs then add unaffordable food, fuel, utilities, tax increases and more. Middle and lower classes are carrying the load while the rich continue to get richer.
He has been saying this for years. If I had paid attention to his fear mongering I would have missed the 2023 rally.
Election year recession ?!
I don’t think so
George has an old school way of debating where he actually attempts to understand the others position to the point he could explain it and respectfully disagree but possibly have a hint of openness to being wrong. We need more of this type of discussion in our society.
It’s just number fudging. Everyone is under more pressure and is taking less for the work they put in. The treadmill is going faster and faster and more people are falling off