ilmscore | Inflation Is Cooling, But Are We Headed for a Recession? Home Depot’s Warning

Inflation Is Cooling, But Are We Headed for a Recession? Home Depot’s Warning

Published: 2024-08-14
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Home Depot projects a 3-4% decrease in sales for the remainder of 2024, a revision from earlier, less negative predictions.
"now they're predicting sales to fall in their own stores between 3 to 4 % between now and the end of 2024 which is a pretty significant increase"
Home Improvement Spending
Pending
Consumers are delaying home improvement projects until interest rates decrease.
"the customer is set to defer those projects until interest rates fall"
Consumer Behavior
Pending
Credit card delinquencies and total credit card debt in the US are reaching new record highs.
"credit card delinquencies are rising number two credit card debt levels are rising we broke a new record for total credit card debt in America and we're seeing delinquency levels of credit card debts Rising as well"
Credit Card Debt
Pending
Wealthy individuals prioritize investing their money before spending, while the majority spend first and invest what remains.
"wealthy people invest their money first and then they spend whatever's left the majority people spend their money first and then they invest whatever is left"
Investment Strategy
Pending
A proposed financial strategy allocates a maximum of 75% for spending, with a minimum of 15% for investing and 10% for saving from each dollar earned.
"for every dollar that you earn from here and out 75 cents is the maximum that you can spend 15 cents is the minimum that you're investing 10 cents is the minimum that you're saving"
Investment Strategy
Pending
Long-term presence in the market is more beneficial for investment returns than trying to time market movements.
"time in the market beats time in the market"
Investment Approach
Pending
A contrarian investment approach suggests buying when market sentiment is fearful and selling when it is greedy.
"be fearful when when others are greedy be greedy when others are fearful"
Investment Strategy
Pending
Market downturns are viewed as opportunities for financially savvy individuals to acquire investments at discounted prices, potentially leading to wealth creation.
"market downturns create more millionaires because they allow the financially Savvy to go out buy more of those Investments at a good price"
Investment Opportunity
Pending