Oh great, another economist telling us the sky is falling. Peterson, who I assume has a very serious desk and an even more serious tie, pointed to the Leading Economic Index (LEI). Apparently, it’s dropped 5% or more before every recession in the last half-century. And guess what? It’s down again! But wait-no rate cuts from the Fed yet. What are they waiting for? A formal invitation from the recession itself? 📉🤷♂️
High Rates, Broken Chains (No, Not That Kind)
Peterson says inflation isn’t about “demand,” but rather supply chain chaos. Thanks, Putin! The guy ruined borscht night *and* global markets with his antics in Ukraine. Energy, food, minerals-you name it, it’s all messed up. High interest rates aren’t helping either; they’re just making people poorer while growth slows faster than my Wi-Fi during peak hours. 🐢💸
And let’s not forget: the Fed’s tools won’t work here because, surprise, hiking rates doesn’t magically fix broken ships or unblock pipelines. Meanwhile, we’re drowning in debt, wages are stuck, and groceries feel like they cost as much as my first car. Brilliant. 👏
Stock Market: A Jenga Tower Waiting to Collapse
Peterson also took a jab at the stock market, which apparently only survives thanks to tech giants holding it together like duct tape on a leaky pipe. If things get worse-and come on, when don’t they?-this so-called rally could crumble faster than your New Year’s resolutions. 🏭🔥
Bitcoin and Gold: Your New Best Friends?
So what’s the solution? According to Peterson, you should dump everything into “hard assets” like gold and Bitcoin. Because apparently, shiny rocks and digital code are now safer bets than actual dollars. “The Fed can’t fix structural problems,” he says. Well, duh. They’re too busy debating whether coffee breaks count as meetings. ☕✨
This article is for informational purposes only. In other words, don’t blame us if your portfolio tanks after reading this. Do your homework-or better yet, hire someone smart to do it for you. You’ve been warned! 🚨
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2025-08-28 20:10