Current Outlook
"Twitter was not
impartial
...."
Thanks to Elon Musk taking control of Twitter, it should be
evident that the 2020 election was clearly skewed in favor of the
Democratic Party.
The collapse of FTX will have significant negative impacts on the
entire crypto market. Sam Bankman-Fried, the founder of FTX will probably be arrested on
fraud charges in the near future. His millions of dollar contributions to the Democratic Party and its members will be
scrutinized heavily in the future. The FTX collapse will have significant negative
impacts on the entire crypto market. Perhaps, investors will begin
to be more diligent in the future.
Shadow Government Statistics suggests the Biden Administration
economic reports are incorrect. If you change the
methodology of calculating a report, then the comparison to
previous reports of the same name are by definition faulty.
Until Congress stops spending deficit dollars, the outlook is
bleak. While the U.S. dollar appears strong against the rest
of the world, it will be just a matter of time before its value
craters.
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
than rosy.
Remember -- "Only purchasing power counts!"
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
forward.
Fred Richards
December 1, 2022