each and everyone of us is 242,986 dollars in debt nationally.
I don't know what this means.
Remember when EF Hutton talked earlier…this is who you don’t listen to, they have no dog in the fight so they claim. If you don’t invest, you must be in jest.There is a common theme I’ve been seeing/reading.
There will be major discounts from retailers due to excessive inventory purchased during the stimulus handouts. Now people don’t have descrionary funds, all the Chinese junk will go on sale.
China is currently shipping very little to the US. The ports are essentially empty. Once the current overbought inventory is sold there will be little to replace it on the store shelves. This will drive inflation higher.
Layoffs will ramp up late 3rd qtr and 4th qtr.
The dollar is going through the roof (as compared to other currencies) and that will cause other countries who borrowed dollars unable to pay those back.
There will be major world wide food shortages and more price increases. Look at Sri Lanka, 24 million people and no food or medicine because they are broke. Take the situation there and apply it to the rest of the world.
The economy will see a death spiral that will be near impossible to recover, in the short to mid term anyway. Currently, there is no light at the end of the tunnel, seriously, there is not one positive economic indicator or fundamental that shows any economic improvement. I’m not even thinking about getting back in the market at this point.
Oh, and there will likely be a world war because of the economic chaos that every country is going through and it’s all started with the year long economic shutdown.
Don’t trust ole jimmyI like how Jim Cramer said July 13th would be the big dip and start of a run through August. Personally, I think he makes those comments so his followers start buying the stocks he recommends and holds so he'll make more profit then dump when it's worse.
The value of the dollar as compared to world currencies. When it goes up like it is, it could kill other country's economies. Like I mentioned, other countries borrow in dollars. When the dollar goes up as compared to their home currency, paying back the dollars is much more expensive.I don't know what this means.
Does it mean my $1 bill has the buying power of $108?
Please educate me.
Don't trust anyone on msnbc, cnn, or other large media outlet. They all lie.Don’t trust ole jimmy