Financial Survival Network, Released on 8/16/22
Lots of signs that the economy is rolling over and the recent big jobs report was deceptive.
-Falling commodity prices, especially oil down into the 80s today.-Supply of housing is exploding-Homebuilder confidence plungest to Great Recession levels.-New energy bill has resulted in Ford raising EV prices by even more-NY Fed manufacturing survey just had its second-biggest drop ever, now into contraction.-Tech companies are announcing big layoffs. The latest include Netflix, Snapchat, Coinbase and PayPal.-Europe is a huge mess, with energy shortages and farmer protests shutting down parts of the economy.-Stock market rally, is it real or just a sucker rally-TSLA goes back over $900-Politics keeps getting crazier as the Dems try one more time to get Trump by weaponizing the legal system-87,00 New IRS agents who will be armed to the teeth
John Rubino is the founder of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.
Are You Ready for the Big Economic Roll-Over with John Rubino added by Herman James on 08/15/2022View all posts by Herman James ?+'