Americans’ outlook on the nation’s economy is within reach of a record low set during the COVID War, the University of Michigan’s twice-monthly survey of consumer sentiment discovered.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we had forecast on 16 October, gold prices had for the time peaked and there would be at least a $500 correction. Today gold was trading at $4,006 per ounce but as we go to press spot gold is selling $3,935 per ounce.
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THE ECONOMY IS SLOWING / CONTRACTING AT AN EXTREME PACE (HERE IS THE PROOF)
It’s clear that the US economy is in trouble, that is obvious. What is more concerning to me, is the pace of the slowdown/contraction…
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SPOTLIGHT: AI OVERVIEW
PUBLISHER’S NOTE: As Trends Journal subscribers well know, on 28 January we had forecast Dot-com Bust 2.0., and on 5 February that was the illustration on the cover of our magazine. Despite our forecast, it was totally ignored by the mainstream business media. But now that reality of overinvestment in AI can no longer be ignored. Indeed, this......
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HUMAN OBSOLESCENCE HITTING HOME
Fewer “experts” are predicting tremendous new human job sectors and expansion will result from Artificial Intelligence and automation.
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ISRAEL STEALING MORE PALESTINIAN LAND. BEGINS DIVIDING GAZA IN HALF
The Israeli Defense Force is in the process of dividing Gaza in half with a so-called Yellow Line that separates Palestinians in the West and armed Israeli forces in the East, ready to pull the trigger over the slightest violation.
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NEARLY HALF OF AMERICANS BELIEVE THE BEST TIMES OF THE COUNTRY ARE BEHIND THEM
A newly released poll found overall pessimism among Americans—including 49 percent who believe the best days for the country are in the rearview mirror.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today the U.S. equity markets hit fresh highs. As reported by CNBC, “The S&P 500 rose 0.23% to close at 6,890.89. It had surpassed the 6,900 level for the first time on an intraday basis earlier in the day.
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BANK FAILURES: EXPECT RUNS ON BANKS
2023 was just the opening act starting with regional/smaller banks. We called it then, and now they cannot cover it up as losses are piling up.
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AMERICA’S TWO ECONOMIES ARE MOVING FURTHER APART
The tech industry is flying high on artificial intelligence (AI). The new technology accounted for 1.1 percentage points of U.S. economic growth in the third quarter.