Crypto Crashing, Recession & Unemployment Rising, & Financial Markets Bringing Coal to Our Holidays
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Description
Central themes supported with substantial data references continues: crypto currencies are not investments (since our initial Podcasts two years ago), a severe global recession is gathering momentum, and debt is swamping our economies. Unemployment is an emerging issue promising to hit 2023 in a major way starting with tens of thousands of recent layoff’s in hi-tech, spreading to our construction industries, and soon threatening substantially more retail and services jobs. Please be mindful to repay any and all debts sooner rather than later as borrowing costs are rapidly escalating in tandem with new credit risks highlighted by increasing personal and business bankruptcy filings.
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This week, we’ll talk about the implications of the BRICS+ meeting, increasing long term interest rates, and the continuing vast amount of dollars coming into the U.S. stock and bond markets. Historically, in war times, money moves out of higher geographical risk areas into U.S. dollar...
Published 10/31/24
Most of the leading Western countries going into or well into recessions while Russia and China organize BRICS+ against the dollar and economic leadership. The implications of chronic under-reporting U.S. employment and inflation in the context of increasing long term interest rates and out of...
Published 10/17/24