The Atlantis Report
Premiered Jun 20, 2021
RECESSION, high interest rate, the 30% expansion of the money supply,and more Covid variants will TANK the Economy soon.
The unemployment rate is still double what it was before the government started paying people more money to stay at home than to go to work.
The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.
The US has seen economic output rise briefly and then fall in eight of the past 11 business-cycle recoveries, Roach said.
Grim second-quarter data cannot be dismissed he said, pointing out that the current-account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world suffered a record deterioration.
A lot of amateur traders will be wiped out of the stock market once the FED ends the pump game and rates rise. They will have no clue how to trade in a real market, cause they have never seen it before. One that requires actual technical skills and research every morning before trading.
If nothing else, what’s going to cause this market to drop precipitously is buyer’s exhaustion. Everyone that is able to buy into the stock market has basically bought into it. No stimulus checks going out, back to work as usual, and the rest will result in buyer’s exhaustion. That was essentially what pricked the tech bubble in March of 2000. I see the same thing happening here. It’s running on fumes, this equities market. Valuations make zero sense. It’s unhealthy for the market to just keep going up, with nothing tied to the fundamentals.
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