Moment is approaching...."
As the U.S. economy continues to sputter despite massive
government spending, investors sould be considering how to survive
the dollar's implosion.
The role of the U.S. dollar as the world's reserve currency is about
to change as Russia, China, Saudi Arabia, India, Turkey, and Iran among
others are bypassing dollars in trades involving oil and other
Economic data is revised and methodolgy changed to present a false
picture for the public.
Major U.S. real estate companies are declaring bankruptcy as
U.S. interest rates approach 5%. Both credit card and auto loans are
looking at increasing delinquency rates.
The growth in credit card debt is greater than the growth in personal
income as individuals try to maintain their standard of living.
Do not be surprised if the NASDAQ falls through 8,000, the SPX
to 2,500 and the DJIA sees the 25,000 level.
Until the Biden Administration takes seriously the impact of
open borders and a failed education system, the outlook is less
Remember -- "Only purchasing power counts!"
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
February 25, 2023