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The latest GDP numbers came in at 1.5% annualized growth, and I’m here to tell you that is not a good sign for your retirement accounts or your purchasing power. When you stack that against a June PCE reading of 3.7%, which is nearly double the Fed’s stated 2% target, we have a serious problem that most financial advisors are not talking about.
Markets are correcting, hedge funds are blowing up, and the Korean stock market just wiped out over 700,000 investors. If you think that kind of destruction can’t happen here, you haven’t been paying attention to what’s already sitting inside American portfolios.
The Federal Reserve has become a circus of economists, forward guidance, and Wall Street hand-holding. I want to take you back to a time when the Fed actually did its job without a press conference, a briefcase indicator, or a thousand PhD economists telling us what to think.
The phrase ‘fair share’ gets thrown around constantly in political debates, but nobody ever asks the most important question: fair by whose definition? I’ve been pressing people on the left for years with one simple framing, and I have never once gotten a real answer.
South Korea’s sharp stock market decline isn’t just a foreign headline. It’s a warning flare for U.S. investors who think excessive leverage and complex financial products can’t blow up here at home.
Most people assume the financial news they watch is independent. What I uncovered back in 2005 should make every investor think twice before trusting what they see on TV.
The financial media isn’t failing you by accident. It’s failing you by design, and the advertising contracts that Wall Street firms sign with major networks are the reason you never get the full story.
The Fauci Diaries are out, and almost nobody in mainstream media is covering them seriously. I’ve gone through this material, and what’s in there is heartbreaking but not the least bit surprising to anyone who’s been paying attention.