Gregory Mannarino has accurately forecasted the current situation by stating that the Consumer Price Index (CPI) is in a “Goldilocks” state. Additionally, he highlights the significant decrease in debt buying, which has caused the Money Market Risk Indicator (MMRI) to plummet.
Lena Petrova provides an update on the current state of the US economy, highlighting several significant factors. One of these is the staggering $17.7 trillion consumer debt explosion, which has raised concerns about the financial stability of individuals and households. Additionally, Petrova sheds light on the impact of China sanctions on the US economy, emphasizing the potential consequences of strained trade relations between the two nations. Another issue discussed is the emergence of stagflation, a challenging economic situation characterized by stagnant economic growth coupled with rising inflation. These combined factors pose significant challenges for the US economy and require careful attention and analysis to mitigate their potential impact.
Market analyst Todd Horwitz, also known as “Bubba,” the creator of BubbaTrading.com, recently appeared on ITM Trading with Daniela Cambone. During the interview, Horwitz expressed concerns about the political uncertainty surrounding the upcoming U.S. presidential e------n, suggesting that it could lead individuals to turn to tangible assets such as gold and silver as alternative forms of currency. He emphasized the importance of having a backup currency in the face of potential upheaval, whether it be a revolution or civil war. Horwitz went on to make a bold prediction that the price of silver would surpass $30 and eventually reach $40. Additionally, he took aim at the Federal Reserve, accusing it of interfering with the free market’s ability to determine prices. Horwitz called for the abolition of the Federal Reserve, arguing that its actions were detrimental to the principles of free market economics.
JJ, the host of Bull Boom – Bear Bust, discusses the concerning statistic that 1 in 5 Americans have reached their credit card limit. This raises questions about how banks will react to this situation and whether it signifies the start of a decline for the US consumer.
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Gregory Mannarino
May 15, 2024
AS WE PREDICTED! “Goldilocks” CPI. MASSIVE DEBT BUYING CRATERS MMRI!
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Lena Petrova
May 15, 2024
US ECONOMY: $17.7 Trillion Consumer DEBT EXPLOSION, China Sanctions, Stagflation & Rising Inflation
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ITM TRADING, INC.
May 15, 2024
“You might need hard assets to buy groceries,” says market expert Todd “Bubba” Horwitz, founder of BubbaTrading.com. He warns that political uncertainty from the U.S. presidential e------n could drive people to rely on hard assets like gold or silver as alternative currencies. “Whether it’s going to be a revolution or another civil war that are being created here… people better have another form of currency, which would be in the fact of gold and silver.” Horwitz predicts silver will break through $30 and reach $40. Lastly, he criticizes the Fed for “destroying free market price discovery” and argues it should be abolished.
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BULL BOOM – BEAR BUST
May 15, 2024
1 in 5 Americans have hit their credit card limit. How will banks respond? Is this the beginning of the end for the US consumer?
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