Retirement Lifestyle Advocates
The Dow Jones Industrial Average declined 7.86% last week, while the Standard and Poor’s 500 fell more than 9% in what was a very difficult week for stocks.
February’s job cut total is a 245% increase from January, when 49,795 job cuts were announced.
Economic challenges impacting our core consumers obviously means inflation.
At approximately $3000 per ounce, all the gold held collectively by the world’s central banks is worth about $3 trillion.
There are many economic data points that point to a recession this year.
All-in-all, consumer debt in the United States is now more than $18 trillion.
The deflationary pain will be more bearable if the credit card user voluntarily quits spending money they don’t have.
The sudden increase in housing inventory has seen home prices fall more than 36% in one week!
While there is no state that has yet been successful in establishing a digital asset reserve, a.k.a cryptocurrency, several states are now potentially moving in that direction.
Gold prices now exceed $2,800 per ounce.