Greg’s most profound and prophetic statement here?? Expect the “unexpected.” My “Spidey Senses” tell me May will be a bumpy ride. Not a very scientific analysis I know, but humans have instincts too. We talk over them and shut them out because we have bigger brains than animals, but we all know something is coming. There IS such a thing as a “Collective Consciousness.”
I feel that in RE too. Nobody wants to buy a house right now. Inventory rising where I am, but prices remain stubbornly high despite higher interest rates, which makes ZERO sense both logically and historically. Buyers seem to be sitting on the fence frozen in fear. I can certainly image travel abroad is taking a nosedive as well.
Yeah. My retired neighbors want to move to new england, and they're asking half a million. (what the homes here were selling for instantly a couple years ago) My parents bought this house for $48k in the late 80's. lol
It's almost like there's a cycle to our economy. haha.
I AM SITTING ON A TON OF CASH WAITING FOR THE PRICES IN HOMES TO DROP & THEN I WILL BUY A NICE HOME --VALUES WILL DROP 40% JIM WILLIE SAID THIS CRASH SHOULD HAVE HAPPENED IN 2008 LIKE LELMAN BROTHERS -----FRICK GOING TO EUROPE - ITS ALL COMMUNIST
Back in 2005 an old psychic woman told me that a depression greater than the depression of the 20's-30's was coming. She mentioned the financial blip that would happen in a few years. But, that wasn't the big one. Seems like we are close to her prediction coming true.
Unfortunately, what you wrote seems pretty accurate, especially given that the private payroll growth slowed to 62,000 in April decently lower than expected.
Banksters are getting what they want. Treasuries are risk free. That's what they're getting. My guess, no mark downs on Treasuries associated with interest rate changes. This avoids SILICON VALLEY BANK repeat scenario. Now, with Treasuries labeled risk free, the race to the bottom accelerates. No unrealized losses, means eps not destroyed, means false inflated net income for banks. Print away full blown fiat garbage. Solution, gold, silver, protect purchasing power. Essentials, get them before the tsunami hits. Trump can't stop the math. No one can. Hearings about gender, election fraud, climate, whatever, the freak show to make sure that the distractions are loud and pervasive to make the masses unprepared for what's coming. Treasuries can now continue to deliver even more loss of purchasing power. My prediction was 10 years until doom. It's now substantially less. We are going full blown third world Venezuela currency destruction.
I don’t know what AICPA is looking that up now! That’s why I watch and read what Greg does. There’s a lot of really smart people here and I learn a lot. I do think you’re right about it being substantially less than 10 years until DOOM!!
The banksters simply want treasuries to be regulated differently as risk free which then changes the way they are accounted for. AICPA has to agree last time I checked.
Nail on the head, Greg. Q1 GDP fell, April hiring lower, fed inflation data on tap, let’s see how they groom it this time. Thank you for preparing us well in advance for what seems inevitable due to systemic debt addiction.
Gerald Celente: A year ago, Americans responding to a Northwestern Mutual survey said they needed an average of $1.46 million to retire comfortably.
This year the number has fallen to $1.26 million.
“Americans’ magic number has come down,” John Roberts, the financial firm’s chief field officer, acknowledged in a statement announcing the survey results.
Still, the lower figure “is far beyond what many people have actually saved,” he added.
The stock market’s steady rise last year inspired visions of what a comfortable retirement could be, CNBC noted. In last year’s fourth quarter, balances in 401(k) plans averaged $131,700. For Individual Retirement Accounts, the figure was $127,534. Both were the second-highest on record.
Now a new reality has set in. By 21 April, the Standard & Poor’s 500 index had lost 10 percent. The NASDAQ had shrunk by 15 percent and the Dow Jones Industrial Average was off 8 percent. Donald Trump’s tariff assault wiped an estimated $7 trillion from personal and business stock market accounts in a matter of days.
As a result, people are recalibrating the level of “comfort” they are willing to accept.
About 67 percent of workers still on the job told the survey they were financially confident about being ready to retire when the time comes. However, 51 percent said they expect to run out of savings during their lifetimes.
“The current generation of retirees could be the last to use predictable sources of incomes such as pensions as the primary way they fund retirement,” Rita Assaf, Fidelity Investments’ vice-president of retirement products, said in a recent statement.
“The shift toward relying on retirement savings heightens the importance of grounding yourself in a financial plan as early as you can,” she added.
THE CRASH SHOULD HAVE HAPPENED IN 2008 !!!! NOW IT WILL BE WORSE THAN LEHMAN BROTHERS-----THE STOCK MARKET WAY OVER VALUED , REAL ESTATE WAY OVER VALUED, RENTS ARE SKY HIGH, FOOD PRICES + GASOLINE --------- THIS HAS TO HAPPEN !!!!!!!!
THE CRIMINAL BANKERS AND WALL STREET STOPPED THE CRASH IN 2008
Greg...I cannot argue with a single point you made in this article. It looks pretty bleak at this point. I don't know how we survive this one...life's going to change radically for the majority of the population, and they ain't going to like it one bit.
I’m investing in Soup Kitchens … I wish that was funny but it ain’t!!
Building a Gubment Cheese factory........
We’re onto something ..
Partners in Soup n Cheese r Us?
Greg’s most profound and prophetic statement here?? Expect the “unexpected.” My “Spidey Senses” tell me May will be a bumpy ride. Not a very scientific analysis I know, but humans have instincts too. We talk over them and shut them out because we have bigger brains than animals, but we all know something is coming. There IS such a thing as a “Collective Consciousness.”
Thanks Greg! It’s playing out like they have it planned! Soon to see black swan event and war! In my humble opinion!
Out here working in the travel industry, no one has a clue what is playing out. Thanks Greg.
I feel that in RE too. Nobody wants to buy a house right now. Inventory rising where I am, but prices remain stubbornly high despite higher interest rates, which makes ZERO sense both logically and historically. Buyers seem to be sitting on the fence frozen in fear. I can certainly image travel abroad is taking a nosedive as well.
People are still greedy from the housing bubble of recent years....
BINGO!! Clients do NOT want to hear that the comps don’t support their asking price.
Yeah. My retired neighbors want to move to new england, and they're asking half a million. (what the homes here were selling for instantly a couple years ago) My parents bought this house for $48k in the late 80's. lol
It's almost like there's a cycle to our economy. haha.
Almost just like that!! 🤭
I AM SITTING ON A TON OF CASH WAITING FOR THE PRICES IN HOMES TO DROP & THEN I WILL BUY A NICE HOME --VALUES WILL DROP 40% JIM WILLIE SAID THIS CRASH SHOULD HAVE HAPPENED IN 2008 LIKE LELMAN BROTHERS -----FRICK GOING TO EUROPE - ITS ALL COMMUNIST
You hear that loud click, and humming, it's the Fed warming up the printing presses.
Sounds like a depression rather than a recession. Looks like what happened in 1929 without the bank and stock crash.
Back in 2005 an old psychic woman told me that a depression greater than the depression of the 20's-30's was coming. She mentioned the financial blip that would happen in a few years. But, that wasn't the big one. Seems like we are close to her prediction coming true.
No bank crash YET!
Unfortunately, what you wrote seems pretty accurate, especially given that the private payroll growth slowed to 62,000 in April decently lower than expected.
Banksters are getting what they want. Treasuries are risk free. That's what they're getting. My guess, no mark downs on Treasuries associated with interest rate changes. This avoids SILICON VALLEY BANK repeat scenario. Now, with Treasuries labeled risk free, the race to the bottom accelerates. No unrealized losses, means eps not destroyed, means false inflated net income for banks. Print away full blown fiat garbage. Solution, gold, silver, protect purchasing power. Essentials, get them before the tsunami hits. Trump can't stop the math. No one can. Hearings about gender, election fraud, climate, whatever, the freak show to make sure that the distractions are loud and pervasive to make the masses unprepared for what's coming. Treasuries can now continue to deliver even more loss of purchasing power. My prediction was 10 years until doom. It's now substantially less. We are going full blown third world Venezuela currency destruction.
I don’t know what AICPA is looking that up now! That’s why I watch and read what Greg does. There’s a lot of really smart people here and I learn a lot. I do think you’re right about it being substantially less than 10 years until DOOM!!
The American Institute of Certified Public Accountants (AICPA)
Is anything really risk free?
The banksters simply want treasuries to be regulated differently as risk free which then changes the way they are accounted for. AICPA has to agree last time I checked.
GOLD AND SILVER & LAND ALL RETAIN VALUE
NOW THEY MAY GO UP & DOWN -BUT IN THE LON G HAUL ITS REAL MONEY JUST LIKE DIAMONDS AND EMERALDS
Nail on the head, Greg. Q1 GDP fell, April hiring lower, fed inflation data on tap, let’s see how they groom it this time. Thank you for preparing us well in advance for what seems inevitable due to systemic debt addiction.
https://kingworldnews.com/people-are-worried-about-running-out-of-money/
People Are Worried About Running Out Of Money
Gerald Celente: A year ago, Americans responding to a Northwestern Mutual survey said they needed an average of $1.46 million to retire comfortably.
This year the number has fallen to $1.26 million.
“Americans’ magic number has come down,” John Roberts, the financial firm’s chief field officer, acknowledged in a statement announcing the survey results.
Still, the lower figure “is far beyond what many people have actually saved,” he added.
The stock market’s steady rise last year inspired visions of what a comfortable retirement could be, CNBC noted. In last year’s fourth quarter, balances in 401(k) plans averaged $131,700. For Individual Retirement Accounts, the figure was $127,534. Both were the second-highest on record.
Now a new reality has set in. By 21 April, the Standard & Poor’s 500 index had lost 10 percent. The NASDAQ had shrunk by 15 percent and the Dow Jones Industrial Average was off 8 percent. Donald Trump’s tariff assault wiped an estimated $7 trillion from personal and business stock market accounts in a matter of days.
As a result, people are recalibrating the level of “comfort” they are willing to accept.
About 67 percent of workers still on the job told the survey they were financially confident about being ready to retire when the time comes. However, 51 percent said they expect to run out of savings during their lifetimes.
“The current generation of retirees could be the last to use predictable sources of incomes such as pensions as the primary way they fund retirement,” Rita Assaf, Fidelity Investments’ vice-president of retirement products, said in a recent statement.
“The shift toward relying on retirement savings heightens the importance of grounding yourself in a financial plan as early as you can,” she added.
https://kingworldnews.com/look-at-what-is-collapsing-skyrocketing-at-the-same-time/
Look At What Is Collapsing & Skyrocketing At The Same Time
KING WORLD NEWS NOTE: Confidence Of Those With Incomes Above $125,000 Are Plunging
KING WORLD NEWS NOTE: Consumer Expectations Have Collapsed To One Of The Lowest Readings Since The 2009 & 2011 Time Frame
THE CRASH SHOULD HAVE HAPPENED IN 2008 !!!! NOW IT WILL BE WORSE THAN LEHMAN BROTHERS-----THE STOCK MARKET WAY OVER VALUED , REAL ESTATE WAY OVER VALUED, RENTS ARE SKY HIGH, FOOD PRICES + GASOLINE --------- THIS HAS TO HAPPEN !!!!!!!!
THE CRIMINAL BANKERS AND WALL STREET STOPPED THE CRASH IN 2008
Meaning the inevitable correction will be deeper and more intense.
Greg...I cannot argue with a single point you made in this article. It looks pretty bleak at this point. I don't know how we survive this one...life's going to change radically for the majority of the population, and they ain't going to like it one bit.
Also look for the false voices pushing a FOMO event as the markets dip...........
Seems like everytime the market dips Trump makes some stupid fictional statement to fix it! This planet insults my intelligence I swear. 🤷♀️
FOMO Is: the Fear of Missing Out
Yes. "Quick get in at these low levels before it goes up again!"
ala Jim Cramer 2008
The Black Horse arrived last year. Big tsunamis and more earthquakes will accelerate the famine and starvation in the second year.
Well, all we have to do is follow Greg’s advice and short the market before that imminent sell-off. That’s it, why complicate it further?