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Buckle Up, Things Are About to Get NASTY!
Indeed, by the look of things, it’s coming even sooner than I expected! While the Fed focuses on the deeply flawed and highly gimmicked “official” economic data in the U.S., REAL WORLD signals are telling us the economy is rolling over in a big way. Some items of note. Discount airline Southwest’s CEO Bob Jordan recently noted that air travel is declining in a way not seen since the pandemic. Jordan commented “I don’t care if you call it a recession or not, in this industry that’s a recession.” Southwest is not the only company noting a sharp decline in consumer spending and economic activity. PepsiCo cut its earnings per share forecast for the entire year amidst heightened “economic uncertainty.” The company’s CFO stated that, “we are probably not feeling as good about the consumer as we were a few months ago” and noted consumers were even pulling back on buying snacks! But wait, it gets worse. Chipotle, which is usually one of the strongest fast casual restaurant chains in the U.S., just reported its first decline in same-store sales since 2020. Management noted that consumers are cutting spending amidst economic “uncertainty” (read: a recession is coming if not already here). Heck, even Walmart’s CEO has noted that “budget-pressured” consumers were exhibiting “stressed behaviors” due to money running out “before the month is done.” Again, this is WALMART we’re talking about. And even it is noting consumers are tapped out. Let me ask you, if airlines, snacks, restaurants, and even discount retailers are all noting a sharp pullback in consumer spending, what do you think this means for the economy? The answer is simple: the economy is rolling over into a recession, if it’s not already in one. This is going to panic the Fed into a truly insane amount of money printing. And the markets know it. Case in point, gold just erupted to new all-time highs in every single major currency. The precious metal is SCREAMING that the only way out of what’s coming is more money printing/ stimulus/ and central bank interventions. The time to prepare for what’s coming is NOW before it hits. Those investors who are properly positioned for it stand to make fortunes. We detail this situation, what’s to come, and THREE investments to profit from it in a Special Investment Report titled How to Profit a Inflation. Normally this report is only available to our paying clients, but in light of what’s happening in the markets today, we are making just 99 copies available to the general public. To pick up one of the remaining copies… Graham Summers, MBA Chief Market Strategist Phoenix Capital Research
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