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oilprice.com
Shows high high priced shit is/was.The FED is hoping for a miracle... In the mean time:
U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn. The manufacturing purchasing managers index by the Institute for Supply Management (ISM) clocked in at 46.7 (14th percentile for all months since 1980) in November 2023, marking the 13th straight month the index has dipped below the 50-point threshold since November 2022.
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.Oil Demand Will Take a Hit from Yet Another Decline in U.S. Manufacturing | OilPrice.com
U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn, but in diesel demand has not followed a similar trajectory
The FED is hoping for a miracle... In the mean time:
U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn. The manufacturing purchasing managers index by the Institute for Supply Management (ISM) clocked in at 46.7 (14th percentile for all months since 1980) in November 2023, marking the 13th straight month the index has dipped below the 50-point threshold since November 2022.
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.Oil Demand Will Take a Hit from Yet Another Decline in U.S. Manufacturing | OilPrice.com
U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn, but in diesel demand has not followed a similar trajectory
Don't worry, the Biden Gov will redefine everything. The new definition, will paint all of this as exceptional leadership.
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“But then all of that got kind of masked by the sudden, very rapid influx of new asylum seekers, and that is a crisis for which the city and state were more unprepared to deal with.”US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses
WASHINGTON (AP) — The United States experienced a dramatic 12% increase in homelessness to its highest reported level as soaring rents and a decline in coronavirus pandemic assistance combined to put housing out of reach for more Americans, federal officials said Friday.www.wbrz.com
I agree. To add to the "wedge" being driven within the housing arena, look at these two numbers.
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Seems like a pretty solid indicator that things are going the wrong way for at least the bottom half.US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses
WASHINGTON (AP) — The United States experienced a dramatic 12% increase in homelessness to its highest reported level as soaring rents and a decline in coronavirus pandemic assistance combined to put housing out of reach for more Americans, federal officials said Friday.
www.foxbusiness.com
I don’t see any of that happening. Even if a 50% housing crash happened, most people who bought before 2023 would still have equity or be at break even."That's an 86% crash in the S&P and a 92% crash in the NASDAQ. And crypto, it's going to be 96%. So that is a big deal," the economist added. "And real estate, by the way, is only projected, by me, to go back to its 2012 lows... but that's a 50% crash for the average house, which went down 34% in the last crash, more than the Great Depression, more than any time in history. That is what's going to hurt people the most."
US economist predicts 2024 will bring 'biggest crash of our lifetime'
As Americans and the markets ready to enter the new year, financial author Harry Dent warns 2024 will bring the "everything bubble" to a burst "of a lifetime."
The Government will be printing additional surplus of money next year. Much of it will go to pay the interest on the National Debt.
I think those that bought roughly a year ago are going to be the ones that are going to really feel it.
A factor that will lessen the blow on housing is a 28% of recent sales have been "cash sales". Sure, it shows as a loss but it's just on paper.
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All of these "maneuvers" have been implemented during past recessions. Paul Volcker was the only one who had success by raising the interest rate above the inflation rate. This mess is so politicized there may never be a happy ending.
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Have a healthy cash reserve.
That is an excellent question. There is no "scripted answer". We are all plotting a journey down an unknown path.
A portion of my "investing" is in myself. I had shoulder surgery 2 weeks ago. All well planned out. Waited 6 months for the best surgeon, got my ducks in order on my homestead, paid some bills in advance (just in case) and will rehab during this winter. My plan is to be healthy when it comes time to plant my spring garden. Those of you waiting for the perfect time to get medical procedures taken care may be waiting too long. We will see a time when eyes, joints, teeth, stomach and other body parts will not be so easy to get tuned up. People die from an ingrown toenail after wading through waste water. Take care of what you can control.
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Buy the S&P 500 with every paycheck you get for life.
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