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This compilation of financial-related insights includes videos from David Lin, SD Bullion, The Atlantis Report, and Reventure Consulting.
Peter Berezin joins David Lin to discuss the most anticipated recession in history and when will it happen. SD Bullion talks about another US bank failure and the last duty of a central banker to tell us the truth. The Atlantis Report provides an urgent economic warning from Kevin O’Leary. Reventure Consulting talks about the Fed increasing their rates to the highest level in 22 years.
David Lin
Jul 28, 2023
Peter Berezin, Chief Global Strategist of BCA Research, discusses the health of the economy, when a recession could likely hit, and the Fed’s forward guidance.
*This video was recorded on July 27, 2023
https://www.youtube.com/watch?v=1ysz_W8Nkfk
SD Bullion
Premiered Jul 28, 2023
Payments on the Federal Government are now near the $33 trillion debt level is nearing $1 trillion annually.
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And while bankruptcy filings for US companies with $50 million or more in liabilities are now spiking to levels not seen since the 2008 Global Financial Crisis and 2020 economic shutdown.
Jerome Powell had the following to say in terms of the coming potential of a recession in the USA.
Meanwhile, the bond market thinks the opposite and this is a current New York Federal Reserve chart illustrating that.
This is Yield Curve Indicator and it helps calculate the probability of a recession in the United States 12 months ahead. The term spread is defined as the difference between 10-year and 3-month Treasury rates. When short-term rates are much higher than long-term rates and the chart line dips, it rings recession alarm bells for anyone able to critically think for themselves.
Typically any dip below the red 0 line over the last 64 years meant recession was inbound. Last month June 2023, the Yield Curve Inversion spread was a drastic -1.5508
As of last month, the NY Fed had the probability of a US recession by June 2024 at 67.3054%.
The precious metals markets were enjoying positive trading weeks until upbeat GDP data afforded large algorithmic selloffs in the derivative markets, and spot prices slid down waterfall price declines.
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Rallying to close the week, the spot silver price finished above $24.30 oz bid, and the spot gold price closed near $1,960.00 oz bid.
The spot gold-silver ratio slid upwards to close the week at 80.
Late Friday is often the time for bad news dumbs as authorities hope to sidestep the news cycle.
It was just announced that a 5th bank in the USA has just failed and been taken over by bank regulators at the FDIC.
That is all for this week’s SD Bullion Market Update.
As always to you out there, take great care of yourselves and those you love.
The Atlantis Report
Jul 29, 2023
Achieving financial stability in today’s challenging economic climate and the market’s unpredictable nature can pose significant difficulties. Consequently, I find it essential to impart some crucial insights from Kevin O’Leary, offering an urgent economic warning.
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Reventure Consulting
Jul 29, 2023
The Federal Reserve just increased short-term interest rates to 5.5%. The last time they were this high both the stock and housing market crashed back in 2008.
Both the Housing and the Stock Market are trading new all-time high in 2023 despite these big increases in interest rates by Jerome Powell and the Fed. Which is causing many to believe that there will be no crash and that the economy will hit a soft landing.
But this bullish sentiment is ignoring the lag effect present in Federal Reserve policy. Historically it takes anywhere from 12-18 months for increases interest rates to be felt in the real economy by consumers and businesses, as my guest Adam Taggart of the Wealthion YouTube Channel Explains.
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