Paul the Poke

Ecclesiastes 7:12 For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.

Proverbs 3:18 She (wisdom) is a tree of life to those who lay hold of her; those who hold her fast are called blessed.

Michael Douville is making the call for a recession. It is time to prepare. Think through your financial plan.

Inflation is the culprit. Gas prices are out of control and there is no end in sight.

Real Estate continues to increase in price in different parts of the United States. Demand continues for housing. It would appear rental property is a consideration. Home Buyer sentiment is crashing. One size does not fit all.

Some commodities (lumber, copper) are dropping in price.

Gross Domestic Product (GDP) is beginning to slow.

Jobless claims are beginning to increase. Jobs are starting to go away.

University of Michigan’s consumer index is the lowest in history.

The Federal Reserve is raising interest rates into an economic slow down. Historically, 100% of the time, this leads to a recession.

Proverbs 4:13 Hold on to instruction; do not let go. Guard it, for it is your life.

https://michaeldouville.com/

This entry was posted on June 20, 2022 at 8:40 PM and is filed under #PaulthePoke, Michael Douville, Trend Update with tags commodities, CPI, employment, Inflation, jobless claims, PPI, real estate, recession. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.