Why America Is Going Bankrupt

"even though this might not sound like a lot this has stayed the exact same since the beginning of the year even despite rapid rate increases I mean just keep in mind that in April core CPI was at 5.6 percent in March it was five and a half percent in February it was 5.6 percent in January it was 5.7 percent you get the idea basically this metric is a lot stickier than economists were expecting"

"because of that unless this comes down rates are probably going to have to stay higher for longer"

"the cost of shelter increased by 8.1 percent in April which is only down from 8.2 percent in March or in other words this contributed to more than 60 percent of the monthly increase in the index for all items excluding food and energy which is a big deal fortunately though the good news is that housing only takes into account existing costs like the leases that were signed a year ago and not necessarily where the market is today and with rents beginning to decline we could start to see these numbers fall towards the mid to end of this year"

"Moody's Analytics predicts that in a prolonged standoff stock prices would fall by almost a fifth and the economy would contract by more than four percent leading to the loss of more than 7 million jobs"

"my opinion is that it's probably not since defaulting would be significantly worse than agreeing to spend more or less money and I think we could probably say that no one is actually daring enough to be the one to cause the first ever default in the United States even though they might pretend like it I doubt they would actually go through with it"

"Warren Buffett and Charlie Munger said that they had sold 13 billion dollars worth of stock for cash while making it clear that the incredible period for the US economy has been coming to an end over the last six months"

"there are three main concerns for the U.S economy that would be China the banking sector and Commercial Real Estate all three could be enough to send the economy into a tailspin"

"Forbes mentioned that the 10 largest stocks are responsible for nearly 90 percent of the S P's return earned this year will the other 490 companies underperform which is the weakest it's ever been and concerning that the market might not be as strong as people think it is"

"I tend to believe that it's a good idea to temper your expectation for the market over these next few years I mean assuming we'll continue to see these 15 to 30 percent Returns on an annual basis just isn't sustainable and this is also mirrored by Vanguard whose Outlook ranges for an average of three to five percent annual returns so for the next decade"