In this week's Off The Cuff podcast, Chris and Brian Pretti discuss:
- The Invisible Recession
- Horrible economic weakness that everyone is ignoring
- The Insiders Are Getting Out
- Those in the know are taking chips off the table
- Real Estate Is Peaking
- Rents and prices can't maintain at these levels
- Ever-Doubling Debt
- US national debt has DOUBLED since 2008
This interview was recorded last week but we haven't had the window to release it until now given all of the work around the launch of our new book, Prosper!
In this podcast, Chris and Brian remark on the market's unwillingness to see the elephant in the room: we are fast heading back into recession. Global demand is weakening, companies are reporting horrid earnings (and worse, revenue) declines, and transaction volumes are down. These are classic signs of entering recession.
But no one — no one — in the mainstream wants to admit this.
by davefairtex