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GuestR401x3
Guest
I've been watching the economy recently and am starting to get a little nervous about what I am seeing. I thought it might be helpful to share some of the data with the Fastlane Crew and get your input and opinion on this.
The first thing is the yield curve inversion. Normally, longer-term bonds offer higher yields than shorter-term bonds, but what we are seeing now is the opposite. The yield curve has inverted before every recession since 1955, and it is currently at its lowest level since 1981.
The second reason is the rising debt. Americans owe more than 1 trillion in credit card debt and housing debt is quite a bit above the recommended 36% (In my opinion too high) recommendation.
The third is the continued global supply chain issues are still disrupting production and distribution. While this is improving since the pandemic it still is not at a great spot.
The fourth is the Russia-Ukraine war and the geopolitical tensions involved with that.
The fifth is the collapse of SVB. This has been the largest bank failure since 2008 and could lead to more. The main reason for this collapse is because of the treasuries it was invested in. With inflation going up the treasuries were losing value extremely quickly. This failure can cause fear and uncertainty in the financial system. JP Morgan just received 70 billion in liquidity to help with the situation.
Not trying to spark fear in anyone, but in the case of a recession there is a lot of opportunity to get rich and preparation will allow you to win.
The first thing is the yield curve inversion. Normally, longer-term bonds offer higher yields than shorter-term bonds, but what we are seeing now is the opposite. The yield curve has inverted before every recession since 1955, and it is currently at its lowest level since 1981.
The second reason is the rising debt. Americans owe more than 1 trillion in credit card debt and housing debt is quite a bit above the recommended 36% (In my opinion too high) recommendation.
The third is the continued global supply chain issues are still disrupting production and distribution. While this is improving since the pandemic it still is not at a great spot.
The fourth is the Russia-Ukraine war and the geopolitical tensions involved with that.
The fifth is the collapse of SVB. This has been the largest bank failure since 2008 and could lead to more. The main reason for this collapse is because of the treasuries it was invested in. With inflation going up the treasuries were losing value extremely quickly. This failure can cause fear and uncertainty in the financial system. JP Morgan just received 70 billion in liquidity to help with the situation.
Not trying to spark fear in anyone, but in the case of a recession there is a lot of opportunity to get rich and preparation will allow you to win.
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