There’s talk of a possibly severe economic down turn coming soon.
As delta7 says, cash is probably helpful if that’s the case.
Anybody hear any indicators of such a downturn?
If there is one, is should be short-lived unless the gov’t over-reacts and makes it worse.
There has been talk of a downturn by multiple people on YouTube and elsewhere on the internet for more than a year.
Buffet has been selling much of his Apple and Bank of America stock which is concerning. However, there is nothing wrong, as we say in my business, at taking a profit.
What Buffet and his minions have stated is that they just don’t see anything of value worth buying.
I guess he totally missed out on NVDIA and TESLA. Which are both getting sold off today from their recent highs.
The fact is there will be winners and losers from what the Trump administration is trying to do. Bringing offshore manufacturing jobs back to the USA.
Apple announced just yesterday a $500 Billion investment in manufacturing processes here in the USA. Exactly what Trump is looking for.
https://x.com/TuckerCarlson/status/1894085148812927478
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Gold has historically signaled financial events. Gold Up 46 percent YOY , and most bought by the world’s Central Banks. ALL the world’s paper currencies are collapsing in purchasing power….not to hard to see what is ahead.
The New York Fed’s Q3 2024 report for U.S. Household Debt and Credit showed a record level of U.S. consumer debt at $17.94 trillion. However, the report also reflected low debt delinquencies at only 3.5% of total consumer debt. Prior to Q3 2020, 3.5% of consumer debt delinquent would have been the all-time record low.
The aggregate U.S. consumer debt-to-income ratio was at a relatively low 82% in Q3 2024. Prior to the COVID-19 pandemic, this would have been the lowest debt-to-income ratio since 2002
There were 7.7 million open jobs in October 2024, which would have been an all-time high prior to the COVID-19 pandemic. Of course, these days a lot of these are fake job openings.
“Anybody hear any indicators of such a downturn?”
The LEGENDARY SOCRATES, developed be Delta7, predicted it would be in 2015.