Ripped From The Headlines, December 7, 2022
Economy will hurt BADLY in 2023, developing nations will need $2.5B soon, US housing market confused. Read, subscribe, share, & sponsor Sherloc Exposes! Email asksherloc@protonmail.com.
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“In the Federal Reserve’s quiet period before its officials meet to decide their final actions this year, Wall Street watchers are filling the void, loudly warning that next year’s outlook for the US economy and stocks is grim.
From Goldman Sachs Group Inc.’s David Solomon caution that the economy faces ‘bumpy times ahead,’ to JPMorgan Chase & Co.’s Jamie Dimon grimmer view that this would be a ‘mild to hard recession,’ and Morgan Stanley Wealth Management’s Lisa Shalett, who told Bloomberg Television that corporations are facing a ‘rude awakening’ on earnings, the messages have become increasingly dire.”
”Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.
The findings published by the Bill & Melinda Gates Foundation-backed and Paris-based think tank assume interest rates climbing by 400 basis points from levels in 2019 and a 10% decline in currencies against the dollar. It assessed conditions in 113 countries, with China and Russia excluded as well as some nations for which data wasn’t available.”
“Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next.
By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom fueled by the pandemic and record-low borrowing rates.
Mortgage rates climbed above 7% to 20-year highs in October and November before ticking lower in recent weeks. Existing-home sales have dropped for nine straight months through October, the longest streak since the National Association of Realtors began tracking this data in 1999.
Contradictory signals abound. Demand has tumbled, but the supply of homes is still low. Prices have fallen but are well above their pre-pandemic levels. Interest rates are sky-high compared with a year ago, but below where they stood in the decades when many older Americans bought their first homes.
‘When prices are rising, people can’t believe housing will ever go down, and then once prices fall, they can’t believe it will ever go up,’ said Glenn Kelman, chief executive at real-estate brokerage Redfin Corp.”
Another Wednesday, Ripped From The Headlines - Things To Ponder:
(EDITOR’S NOTE: Orange links are clickable to additional information)
How about those “economic war drums” beating for 2023?
We’ve been saying the quiet part out loud for a long time…
Now, the “mainstreamers” are getting in on the act - err, kinda, sorta talking about it.
Let’s be honest… we’re already in a recession - and we’re heading towards a spiral that leads to a depression.
Remember the joke about the bomb diffuser?
If they are running, you should probably keep up.
Hey! A Gates Foundation sighting!
Just when you thought it couldn’t get any worse, the same people who created the problem are now telling you that a solution is needed…
Or else… “mass panic and calamity!”
Except for the part where they will provide the solution… to the problem they created…
See what we did there?
Ah… the Housing Market Again…
It’s like a pig on LSD isn’t it?
You never quite know where it’s going to go…
And “experts” don’t seem to know either…
Convenient right? It’s only most likely your biggest investment…
What’s a little instability between friends, right?
What could possibly go wrong? Oh yeah, things like the 2008 financial crisis.
What Does This Mean?
The patients are in charge of the asylum, so to speak.
In short, massive inaction has allowed the least capable and the most sociopathic to pretty much do whatever they want.
And they are.
A LOT.
WITH YOUR HEALTH, WEALTH, FAMILY, AND RIGHTS.
Why Should I Care?
Because this is going to be your future if you don’t do something about it:
You are going to save you.
You should care.
PS: Remember the Chinese government locking people in their apartments?
Have you noticed what’s going up a lot around you lately?
Yep… apartment complexes.
What Should I Do?
Given where we’re at, we want to share our recommendations of things to do:
Grab some precious metals at SherlocEZ.com.
Grab supplies at 4Patriots.
Get started on a food forest at Food Forest Abundance.
Share this newsletter with everyone you know. Steal the content. Repeat.
YOUR FUTURE DEPENDS ON IT.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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