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Hunter GAVE HALF HIS SALARY TO JOE from Business Deals in Laptop Text Messages Reports New York Post

Is the U.S. headed for a recession? This Wall Street bank thinks so
A recession in the U.S. is brewing as the Federal Reserve is taking a more aggressive stance on raising interest rates to clamp down on inflation, according to economists at Deutsche Bank.

With inflation at a 40-year high, they predict the Fed will raise interest rates by half a percentage point during the next three meetings in May, June and July. That’s in line with the Fed’s thinking, according to minutes from the latest meeting.

When the Fed raises rates, it becomes more expensive to borrow money since interest rates on mortgages, credit cards and other loans increase in tandem. By taking such action, the Fed hopes to slow down the economy without causing a recession.

IMPACT ON YOUR WALLET: How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates

2022 RECESSION?:The odds are rising amid soaring inflation, high energy prices

In this case, it’s going to be unavoidable, the economists said in a note published Tuesday.

The U.S. unemployment rate, meanwhile, ticked down to 3.6% last month, which is just 0.1% higher than the 50-year record low unemployment rate that occurred before the pandemic.

Deutsche is one of the first major banks to sound the recession alarm.
https://www.usatoday.com/story/money/economy/2022/04/06/recession-deutsche-bank-2023/9489844002/

Legendary investor Jeremy Grantham sees a ‘superbubble’ in markets and expects the S&P 500 to crash 43%. He recommends overseas stocks and cash as havens.
Jeremy Grantham recently diagnosed the fourth US “superbubble” in the past century, and warned the benchmark S&P 500 would crash 43% to around 2,500 after the bubble bursts.

The veteran investor and GMO cofounder explained in a Saturday interview with Fox Business how investors should position their portfolios against a backdrop of historic market speculation.”

“What I would do is make sure you have some cash reserve,” he said. “There may be some great buying opportunities in the next couple of years.”

The market historian has previously said he holds cash so he can deploy it easily, and a small amount of gold and silver.

“Secondly, I would try and avoid US stocks,” Grantham said. “If you have to own some, I would own high-quality. They always do better in a serious shake-up.”

Grantham, who has repeatedly warned investors are caught in a historic bubble, said an imminent crash in the S&P 500 means a credit crisis is brewing.

“So, blue chips are the way to go. Avoid debt. And to the extent you can, avoid the US. It’s the most overpriced market,” he said.

“Real estate is overpriced everywhere in the world. But the stock markets outside the US are curiously not that bad. They’re in a bull market. They’re overpriced mostly, but they’re only normally overpriced,” he added.

“And there are a few cheap countries. Japan looks pretty cheap, the UK not so bad.”

He also touted emerging markets, saying traders could find bargains.

“If you look for the cheap stocks, growth versus value; growth has had an unprecedented decade,” he said. “It is probably the turn for cheap stocks again.”

“So emphasize cheap countries, cheap stocks, avoid the US. And if you have to buy the US; for heaven’s sake, pick the quality stocks and have a cash reserve.”

Grantham has previously criticized the Federal Reserve for not acknowledging the pain that follows for investors after a market bubble bursts.

“One of the main reasons I deplore superbubbles – and resent the Fed and other financial authorities for allowing and facilitating them – is the underrecognized damage that bubbles cause as they deflate and mark down our wealth,” Grantham said in a paper released last month.
https://finance.yahoo.com/news/legendary-investor-jeremy-grantham-sees-121600816.html

emails reportedly reveal attempted $120 million oil deal with China
https://www.youtube.com/watch?v=DzCXxpxK-qU

Joe was involved in a deal with a Chinese giant — and was expecting a 10 percent cut https://nypost.com/2021/11/29/joe-biden-expected-10-percent-cut-in-deal-with-a-chinese-giant/

“I hope you all can do what I did and pay for everything for this entire family for 30 years,” Hunter griped in January 2019, referring to his father. “It’s really hard. But don’t worry, unlike pop, I won’t make you give me half your salary.” https://nypost.com/2022/04/10/jim-jordan-hunter-biden-texts-ties-in-the-entire-family/

Written by H. A. Goodman

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  2. I read that email a long time and because I have a brain, I knew what it meant. The problem is nobody on the left is ticked that they fell for this corrupt administration so they back him 100%.

  3. When your people have academia, most of the media, and most of the administrative state you can deny reality on its face and get away with it.

  4. If you ACTUALLY EARN the money it’s yours to give to whomever! If you’re selling something that’s for US THE AMERICAN PEOPLE,that’s the lowest of the lowest! Thanks HA. I promise some day you’ll get to 200k subs! Watched all along under different names.

  5. Thanks for your take on all this. The proverbial 'proof in the pudding' will be when ALL the guilty parties are styling in their new striped fashion wear, a scenario that plays over and over in my mind while my heart flutters in glee.

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