Posted on 10/28/2021 6:03:12 AM PDT by maggief
The numbers: U.S. gross domestic product growth decelerated to an 2% annualized rate in the third quarter, down from a 6.7% rate in the April-June quarter, the Commerce Department said Thursday.
Economists polled by the Wall Street Journal had forecast GDP to slow to a 2.8% rate.
This is the slowest growth rate since the 2020 recession.
Key details: Consumer spending rose a scant 1.6% in the third quarter, well below the 12% rate in the prior three months.
(Excerpt) Read more at msn.com ...
Yup - about 40% RE, 40% stocks, 10% bonds, 5% cash, 5% gold/silver/crypto
Including inflation, real GDP probably contracted by 7%.
Uh huh! Read some of the financial websites and they’re trying their damnedest to put a positive spin on the economy and earnings season.
How bout that Ford Motor co.? For months and months Ford dealerships have no pickup trucks on the lot and scant inventory of other makes/models...yet they blew out their earnings?
Yea...ok. Sounds like someones juggling the books.
I’m 66 and have a million.
Not for long, at that rate. If you are using a Financial Advisor, get a new one.
Put a percentage you feel comfortable with into gold and silver. The goal this late in the game is preservation of wealth, not the accumulation.
Some in Gold/silver is good, but I’d prefer real estate to those two - RE generates income and appreciates - and with reasonable use of leverage - is far better in an inflationary environment. Also, plenty of stocks not that tied to inflation that I think are probably better investments if not the market as a whole. But 5% of your NW in Gold/silver probably not a bad idea.
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