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The Disappearing Money Trick – Or Why The Recession Is Already Here!

While the technical definition of a recession traditionally is two quarters of contraction or negative growth, I think that definition is frankly irrelevant given where we are today.

You simply have to look at the trends in consumer confidence, which are ultra-low in many western countries, from Australia, New Zealand, the UK and the US. And what is driving this is the concern about inflation – which is why central banks are jaw-boning their ability to get inflation under control. Quite simply, people’s money is disappearing fast, and they’re worried it could get a lot worse.

By the way, pause for a moment to ask why a 2-3% inflation target is used – it have become a convention, but there is little to explain why that number is correct. The truth is, that number was grabbed from thin air years ago, and has taken on a life of its own.

Note that Goldman Sachs Group Inc. economists put the risk of such a slump in the US in the next year at 30%. Others put the probability considerably higher, with the risks building beyond that time frame.
But for many it already feels like it’s here.

Go to the Walk The World Universe at https://walktheworld.com.au/

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Written by Walk The World

Comments

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  1. It is not about recession , interest rates, the RBA , inflation and whatever statistics come our way , it is about us , real people taking our power back and stepping outside the system that has sought to crush us . Step up and take control of your lives. If you are looking to government for the solutions you are delusional. We have to protect ourselves from the deliberate destruction of our independence from global forces. Time to fucking wake up . Time to fucking wake up and be proactive and stop the totalitarian regime on our doorstep .

  2. Lnp kept the value of our $ on a downward slide purely to help exporters, our own production of consumer goods declined with no help from our own government resulting in needed goods being imported at greater costs 😡😡😡😡🤬

  3. The oldest lie is climate change because of consumers. We are in a grand solar minimum. They already know this but use it as a way to suck you dry. A good excuse to change technology which mind you are just as bad as the ones we have. There is a solution, there always was, but big rich pricks do all they can to keep you enslaved in a system of luck my feet and pamper me because I'm rich and you need money to survive in the system. Many are deciding that they don't need money and will not be cleaning your wealthy feet any more. That's how you win. Or keep climbing the big hill. You might make it. You might not. They love a try hard.

  4. Oh is that why governments got HUGE PAY INCREASES….
    WHAT ABOUT ALL THE MONEY THEY STOLE….????
    OH THATS RIGHT OUR GOVERNMENT IS IN BED WITH
    SCHWAB.. DARTH VADER IDIOT
    OF W.E.F. ALL PLANNED LIKE THE
    PPLAN DEMIK … ROB EVERYBODY
    AND THEY KEEP IT….
    ALL THEIR DEVISIVE TREASONOUS
    PLOT.

  5. Astrofx is the best please 🙏 I will advice every one who is looking forward to investing to invest with this company they are registered and regulated , I'm so happy.I have been earning $ 46,000 returns from my $ 9,000 investment every 13days .

  6. Every financial required patient, dedication and consistent spirit knowing that investment is currently the most lucrative business in the word, both NFT, real estate and crypto shares are really positively changing people lives.

  7. You have no idea about Russia, 'ukraine' never existed pre 1919, its all Russian land and people, Orthodox Christians….the EU and US invaded ukraine in 2014 wanting to expand the EU….Russia is just cleaning up its own yard

  8. ayou are a fool Martin…dont comment on political issues in Russia when you have zero idea of whats going on there….an arrogant accent is not enough to convince….the EU invaded ukrane in 2014 with corrupt dirty money, later biden and his drugged up son hunter, jews from the Us…they lost all their money and investments thanks to Russia cleaning things up.

  9. I catch a bus to work to paramatta it takes an hour but now there is so little traffic on Victoria Rd the bus stops to stick to the timetable and Victoria Rd has got long breaks where there are no cars on the road. If fuel is not consumed at some point the prices will collapse same with supermarket items as they will expire the fruit and veges and meat will rot

  10. We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

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