Boom to Bust in 2024… Michael Douville
Proverbs 27:12 The prudent sees danger and hides himself, but the simple go on and suffer for it.
Proverbs 22:3 The prudent see danger and take cover, but the simple keep going and suffer the consequences.
I think we have a major recession coming. I have been talking about this for a long time. These recessions do not start tomorrow, there are signposts along the way. The signs have not changed the Recession is coming, it’s coming, it’s coming.
We have talked about this since March of 2022. You have had plenty of time to get your house in order: Build cash reserves, get out of debt.
It takes 8-15 months for the rate increases to be felt; it’s called the Lag Effect. I think we have an Economic Bust coming.
We have had a Boom. In 2020, the Pandemic came along and scared everyone. The economy went in the tank.
The policy response was to pump $ trillions into the Economy; $10 Trillion just here in the US. Central Banks around the world added another $10 Trillion which caused the Inflation Monster.
Liquidity is drying up. Quantitative tightening is happening. Countries around the world are struggling to pay their bills. This is not a third world problem. Even Switzerland is running out of cash. How long before bubbles start to pop?
Appreciation of Home Prices Nationally are slowing and will soon be negative. States like California, Illinois, Wisconsin, Minnesota, New York, New Jersey will suffer more due to the difference in Population Migration. San Francisco has already lost 35% in value. This will be a national issue. Florida, Texas, and Arizona offer the best investment returns.
Proverbs 9:9 Give instruction to a wise man, and he will be still wiser; teach a righteous man, and he will increase in learning.
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