25 min listen
No Easy Way Out - Eddy Gifford #5666
ratings:
Length:
13 minutes
Released:
Nov 30, 2022
Format:
Podcast episode
Description
Summary: This Black Friday didn’t look quite like last year’s, so I sit down and chat with Eddy Gifford to discuss the shift in shopping habits. Given the adjusted inflation numbers, online sales are not up in the way that businesses want us to think they are. As foot traffic declines, we’re starting to see the destruction of demand, which also means that employment will start to go up. Ultimately, things are going to get worse before they get better. Tune to get a glimpse of what’s to come in 2023. Highlights: -Black Friday is not what it used to be; the retail sector has spread out Black Friday promotions -Online sales are not actually up given the adjusted inflation numbers -We’re not seeing the same foot traffic we used to in stores -We’re seeing the destruction of demand, which means employment is going to start going up -Treasuries have started to retreat -The first/second quarter of next year are probably going to be ugly -We probably haven’t seen a bottom occur yet, and. things are going to get worse before they get better -The economy may have impacted the election in terms of Democrats attacking Roe v. Wade -The idea of the Fed easing at the perfect time may not be feasible Useful Links: Financial Survival Network Tactive
Released:
Nov 30, 2022
Format:
Podcast episode
Titles in the series (100)
Time To Stop HODLING? Cryptos Always Go Up - John Rubino #5157: Musk's crypto conflicts, don’t fall in love with a 9 year old, Elon Musk. Did Tesla sell its Bitcoin? Is this insider trading? What does it mean for cryptos? Hot money likes it and will leave as quick as it came. This is what happens in a bubble. Time... by Financial Survival Network