Credit Cycle Begins To Break Down, Consumers Are Maxed Out As Interest Rates Soar
Jamie Dimon made upbeat comments on credit and the US economy at the WEF meeting in Davos yesterday, despite weak stock markets and worsening growth indicators - today's miss in the flash PMI is a case in point. Banks seized on his comments, but as the credit cycle flips and GDP slows, they face an increasingly difficult situation. Outperformance in the banking sector is more strongly tied to longer-term yields than the yield curve, and it is the most susceptible to fluctuations in yields.
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Economic collapse news. The data that has been released so far for 2019 is worse than during the great recession. As we covered yesterday the Atlanta Feds GDP Now has dropped to 0.2% This is the worst level ever recorded by the Federal Reserve. The issue we face this time however is that global debt has expanded to 250 Trillion dollars. Gold price should also find some strong support because the data is signaling that we will soon need more quantitative easing. I know we have just ended a cycle of quantitative tightening the problem is it was misguided or possibly caused the global economic slowdown. Either way with job cuts running at the highest level since 2009 soon we are going to need some solutions.
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https://www.youtube.com/watch?v=wcH2WodZhj8
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https://www.youtube.com/watch?v=plxlT5dgXvA
how to invest during a recession - how to invest during a recession (or a housing market crash).
how to invest during recession. best things to invest in during a recession | phil town.
warren buffett explains how to invest during high inflation.
how to get rich during a recession?
let’s discuss the best ways to invest during a recession so that you can generate passive income and get ahead of everyone else!
a very hot company is Gold royalty corp this i a quote i saw from David Garofalo their CEO "what we tried to do in the last six months really since we IP owed March and raised $90 million US on the NYSC is to create that scale rapidly so that we are competitive for our partners in providing them capital in a cost effective basis so they can invest back in exploration and development. So we raised $90 million US back in in March, we quickly pivoted to m&a and we acquired Ely gold and my new partners Amelie gold are here with me today. Trey and Jerry, welcome and delighted to have Trey on the board and Jerry join our team continue to do what he does very well in Nevada. And we double the size of the company overnight. We had a post money valuation. After the IPO of $200 million. We approached about $400 million on a post Ely acquisition basis. We only just completed that acquisition a couple of weeks ago, closed it and then quickly pivoted again announcing the acquisition of aperitivi royalties and Golden Valley mining royalties, which has the flagship Canadian melodic minor royalty on that largest gold mine in Canada within its portfolio and that's the price as gold strike is to Franco Nevada"
is there going to be a recession in 2022?.
in this video famous author of ‘rich dad poor dad’ and millionaire businessman robert kiyosaki talks about the recession and what one can do to get rich during the recession.
6 things to do during a recession | phil town.
and more importantly: what can you do during a recession to come out on top?..
everyone wants to know how to invest during a recession.
peter lynch: how to invest during high inflation.
https://portal.goldstandardir.com/disclaimer/GROY-2
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https://www.youtube.com/watch?v=abYcZs8ViF4
Economic collapse news November 30, 2019.
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Today we are so the comment concerning the impossibility of a dollar collapse. My view is quite the opposite because moves have already begun to dethrone king dollar by the BRICS nations. They have been developing an alternative to the US Swift system and now are discussing a crypto currency for the BRICS Bloc. The truth is a dollar collapse is possible the question were seeking to answer is. Has it already begun?
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https://www.youtube.com/watch?v=8v2i70WeYHY
Economic collapse news. We covered the negative Profit revisions for US corporations. JP Morgan brought some new insights into just how bad the negative GDP Revision is and they have changes their recession probability index from 40% to 43%. This also changes everything. And by everything literally everything including the fact that until last week the general "knowledge" was 2018 had better growth than 2017, Now even that turned out to be false. Does this push the recession window forward. The yield curve inverted long ago and we have now seen that growth has been very subdued. When the recession gets here what will it look like.
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https://www.youtube.com/watch?v=Vr9dKjiG2yo
Everyone is moving to Texas these days and not just people all of the companies and it's likely these areas may enjoy a huge economic rush from so many productive citizens now want to call their state home. The reason cited by many businesses for their move to Florida or Texas was the high taxes and yet they still aren't done thinking of new ones. Here is the real problem because it is the wealthy who are leaving and the states that have the highest outflows are New York, Illinois, California, Michigan, and Pennsylvania. Arizona was another state that showed a very strong interest and came in at number 3 following FL and TX. The rate at which large corporations have been closing is truly unprecedented in its scale. There have been more than 1,000 prominent large chain store closures so far this year and with e-commerce enjoying all of the gains it will be difficult to watch how many make it to the other side of this recession. NYC has seen record chain store closings this year as many companies find that business in NY no longer makes sense.
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https://www.youtube.com/watch?v=GdqNSdPiXYw
The tourism industry has been broken beyond repair it seems, perhaps that was the purpose of telling everyone to avoid hotels. It wouldn't matter anyway since business travels has collapsed as we covered in the previous episode. I wanted to talk about cruise lines and Airlines because these industries have been battered demand has plummeted and they have been desperate to convince investors they are still a sound industry. The V-shaped recovery was the story for the longest time but suddenly that has all gone silent and everyone begins to talk about the coming darkness that is supposedly "better" and telling everyone to avoid air travel, cruises, bus trips, hotel stays, etc... These companies have been struggling to survive as well as many small businesses in America. In the letters to investors, these companies have been trying to portray an unrealistic view that they have sound prospects in the near term. Many have acknowledged they will fail without more state intervention and now they are directly asking people to avoid giving them any business. They're asking people to stop going to the store and stop traveling and not seeing their family. None of this has anything to do with economic growth in fact I have that feeling you get when you're at the top of a roller coaster and the chain disengages...
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https://www.youtube.com/watch?v=xOPZHcjmEcw