A Grim Warning For All Investors

"on August 1st the credit agency fish downgraded the U.S in terms of their future outlook going from What's called the Triple A rating to double A Plus"

"in 2011 they faced a similar event where the s p downgraded them from Triple A to double A Plus and several other agencies issued a negative outlook as the debt crisis continued to get worse following that announcement all three stock indexes immediately fell five to seven percent in a day and it took about a year to recover"

"For the First Time Ever credit card balances have exceeded one trillion dollars according to the center of economic research"

"if we look at this based on percentage of disposable income it's actually near the lowest levels that we've seen since 1990"

"remember in 2018 credit card debt just surpassed 870 billion which if you adjust that in today's numbers works out to just over one trillion dollars This means that credit card debt for the most part is pretty much unchanged over the last five years"

"on Tuesday August 8th Moody's issued a downgrades signaling 10 banks that they believe were at risk including some banks that I'd never heard of like M T Bank Pinnacle Financial Bok bank and Webster Financial"

"Banks have been forced to pay customers more for deposits at a pace that outstrips growth and what they earn from loans"

"analysts believed that earnings would fall seven percent during the second quarter but instead profits only dropped by 5.2 percent and on average they topped Expectations by 7.2 percent"

"JP Morgan says there's not going to be a recession"

"U.S leading indicators point to a recession a few months ago they warned of the s p hitting 3 500 by summer"

"now others say it's 4 700."

"there's often times up to a decade or more for the market to get back to where it used to be"