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This compilation of financial-related insights includes videos from Lena Petrova, Heresy Financial, WTFinance, Palisades Gold Radio, and Wall Street Silver.
Lena Petrova says the US economy is booming and talks about the latest GDP data and provides a reality check. Heresy Financial talks about how the debt can’t be repaid and explains what will happen instead. Michael Pento, President & Founder of Pento Portfolio Strategies joins WTFinance to discuss if we’ll see stagflation or a depression after the market crashes in 2024. Danielle Booth joins Tom on Palisades Gold Radio to talk about a data revision that exposes the fragile state of the economy. Peter St Onge on Wall Street Silver talks about Powell finally criticizing Federal spending.
Lena Petrova, CPA – Finance, Economics & Tax
Oct 27, 2023
U.S. Economy Is BOOMING! Latest GDP Data Vs. Reality Check
Heresy Financial
Oct 27, 2023
The Debt Can’t be Repaid – So What will Happen Instead?
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WTFinance
Oct 27, 2023
Interview recorded – 26th of October, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Michael Pento – President & Founder of Pento Portfolio Strategies.
During our conversation we spoke about Michael’s thoughts on current markets, why it could be stagflation or depression after a stock crash in 2024, what will happen for the dollar, whether it is possible to save the markets and assets to protect wealth during this period. I hope you enjoy!
Palisades Gold Radio
Oct 27, 2023
Tom welcomes Danielle Booth back to the show to once again discuss the Fed and the state of the economy. Danielle explains why Powell needs to maintain “illusion or narrative” of higher interest rates for longer. This is crucial for households, commercial real estate developers, and corporations who have taken out loans and mortgages at lower rates. While a potential decrease of up to 100 basis points (5% to 4%) is possible by January, it is unlikely. Currently, rates are much higher and will have an impact on entities that are cashflow constrained.
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Danielle also discusses the various indicators to gauge the state of the economy, such as layoffs, disposable personal income, and stimulus checks. She noted that the Bureau of Labor Statistics has two surveys, one of which creates the unemployment rate and the other creates non-farm payrolls. It is important to consider both surveys to accurately assess the economy.
Danielle also talks about the impact of the pandemic on the economy, with job losses, bankruptcies, and a potential recession looming. She mentioned the challenges faced by the repossession industry due to a lack of employees, and the pressure on Federal Reserve Chairman Jay Powell to prevent a market crash.
Lastly, she also advised keeping an eye on bank reserves and understanding how companies are preparing for the end of the year with cost-cutting and potential layoffs. Overall, the economy is facing a potential stagflation as households struggle to keep up with inflation and debt obligations.
Wall Street Silver
Oct 27, 2023
In this video, Peter talks about Jerome Powell, Fed Chair, recently criticizing federal spending, hinting at an unsustainable path for the US economy. With significant deficits and rising national debt, Powell’s criticism is a noteworthy change in tone. Dive into the details and implications of this stance, and discover why when the Fed expresses concerns, it’s time to pay attention.
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