ECONOMIC UPDATE: What Does It All Mean?
Equities see gains on Tuesday, but storm clouds are on the horizon
NOTE TO READERS: The following is our weekly Economic Update — Market Overview found in this week’s issue of The Trends Journal. Consider subscribing here for in-depth, independent geopolitical and socioeconomic trends and trend forecasts that you won’t find anywhere else.
Where are the global economies and equity markets going?
They, as well as the lives of billions, are going to Hell, right in front of the eyes and ears of all who have the courage and dedication to watch, look, and listen.
CNBC’s top article to start the day was titled, “Jamie Dimon rips central banks for being 100% ‘dead wrong’ on economic forecasts.”
The article quoted the JPMorgan Chase CEO who said, “Prepare for possibilities and probabilities, not calling one course of action, since I’ve never seen anyone call it.” He also said, “I want to point out that the central banks 18 months ago were 100% dead wrong. I would be quite cautious about what might happen next year.”
What bullshit.
He “never saw anyone call it”?
The Trends Journal must have called it 100 times—not to mention the dozens of times Gerald Celente mocked the Feds and the ECB when they insisted that inflation was “temporary,” and, as it continued, claimed it was “transitory.”
We even joked at the time that in this Woke World, they’d start referring to inflation as “transgendertory.”
Dimon, who has admitted to five separate criminal felony charges brought by the U.S. Department of Justice, said “this omnipotent feeling that central banks and governments can manage through all this stuff. I’m cautious.”
Dimon also said he does not believe the Fed’s next move after its 1 November meeting will make an iota of a difference for the economy.
“Like zero, none, nada,” he said.
TREND FORECAST: We disagree with Dimon and so do many of the banks whose profits are down double digits from last year as people yank their money from banks and invest in U.S. Treasuries (the 10-year Treasury note hit 5 percent yesterday, the highest since the onset of the Panic of ’08 and money market funds.)
And as Wall Street on Parade has noted, “Higher interest rates would further dampen demand for loans at regional banks, which are already seeing lackluster demand for loans as interest rates have risen to 17-year highs. Higher rates would also worsen the unrealized losses that most banks, big and small, are experiencing on their holdings of debt securities.”
World War III
And while the gamblers on The Street are mostly concerned about the bottom line, as we had forecast when Russia launched its military operation against Ukraine on 24 February 2022, World War III has begun.
Making a very bad situation worse, the Israel War was officially launched when Hamas launched an attack that killed some 1,400 Israelis.
Israel has launched major bombing attacks on Gaza, which has killed over 5,000 Palestinians and destroyed some 42 percent of the buildings in the most densely populated enclave on the planet.
Therefore, not only will the war destroy Israel’s economy which had been going down as a result of the 39 weeks of Judicial Reform protests that the Jewish press such as Times of Israel and the Jerusalem Post called a “civil war.”
If it continues on its current track, it will result in an economic “shot” that will be heard around the world.
On the human “shot” side, UN Secretary-General Antonio Guterres said yesterday that Israel’s bombing of Gaza are “clear violations” of the law and called for an “immediate humanitarian ceasefire.”
As we had forecast in one of our Top Trends for 2023, “Middle East Meltdown,” on 3 January 2023, we warned that war would break out in the Middle East this year and we warned that should the U.S. and Israel have a military exchange with Iran, oil prices will spike above $130 per barrel and crash global equity markets and economies.
We have detailed extensively the Israel War in this and previous Trends Journals. We note this because while hedge funds, private equity groups, venture capitalists and equity market gamblers are most concerned about where equities are going and how best to play them, none of it will make any difference if there is no Peace on Earth and WWIII escalates into a nuclear exchange.
As we note, those who view the world through the eyes of their profession and self-interests are blinded by the future. To forecast trends it is essential to understand that all things are connected…and as Chief Seattle said, “All things are connected like the blood which unites us all.”
Therefore, it is important to understand as best as possible the geopolitical as well as socioeconomic trends shaping the economic future… and to do so, one must look at the current events forming future trends for what they are, and not the way you want them to be.
With Ukraine losing the war against Russia and the Israel War heating up and no end in sight, we forecast that there is an increasing probability of a major false flag event and/or some type of nuclear exchange that will dramatically escalate WWIII.
TREND FORECAST: Despite high interest rates that have propped up the U.S. dollar and brought down gold prices, the world’s #1 safe-haven asset has spiked over $150 in just a few days after the October 7th Hamas attack on Israel. Down from its recent highs, as we go to press, spot gold is at $1,973 per ounce. Should the Israel War escalate into Lebanon, Syria and Iran, we forecast gold prices will spike several hundred dollars per ounce.
TRENDPOST: To illustrate the lack of information of what in the world is going on and what’s next to all those who tune into the mainstream media, the Ukraine War that Kyiv is losing, is barely making the news. Indeed, not a mention of it in today’s Wall Street Journal
And, as for how bad the economic future is, yesterday China’s CSI 300 index, which is a major benchmark, fell to a four-year low. Of course, this comes as no surprise to Trends Journal subscribers. We had forecast a major Chinese economic decline as a result of Beijing’s zero-COVID policy that locked down the nation for three years and destroyed the lives and livelihoods of hundreds of millions.
It is all Bullshit.
We can change that in a Jiffy.
All we need is a few good people,with courage and the will of self education.
Let's Bankrupt Aviation.
Let's create new Banks outside their control.
Let's take their power.
They are Squids... we are Human.
We are better than them.
Take them out from the Top.
Don't fight among ourselves.
They create the problems... make them pay.
Problem solved.
I have the technology and there is more to come from you and me.
But first we have to rid ourselves from the Vampire Squids.
https://fritzfreud.substack.com/p/suing-richard-branson-and-elon-musk