Buckle Up, Cupcake

“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.” [Unsubscribe]( [Wiggin Sessions] July 28, 2022 Buckle Up, Cupcake “Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.” — President Ronald Reagan [Addison Wiggin]Dear Reader, “Today,” writes Garett {NAME} in the newly minted Agora Uncensored, “6,307 public companies trade on public U.S. markets.” “Roughly 29% of these stocks… don’t turn a profit. Seriously. Not a penny of profits. 1,941 companies have negative gross margins.” What happens now, when these unprofitable companies have to pay up an additional 75 basis points on all their new debt moving forward? “The answer is a significantly negative impact on their balance sheets.” Or, to put it more bluntly, these companies are in the tanker. Further, the United States has officially entered a recession, as this chart from Statista.com reveals: [Click here to learn more]( In a special report for [Countdown to Crisis]( published this morning, Jim Rickards explains why the market jumped on the Fed’s announcement yesterday. “Hedge funds, investment banks and high-frequency traders all want to react within nanoseconds of the Fed’s announcement. To do this they use robots and algorithms.” The robots need models. Developers build in the models. The robots take over from there. Rickards again: The prevailing narrative goes like this: The Fed was raising rates aggressively to beat inflation. Still, signs of recession are everywhere. If a recession hits hard, inflation will cool off on its own. This means the Fed won’t have to raise as much in the future and may even “pivot” to rate cuts by early next year. As you can probably imagine, Mr. Rickards believes [the recession will be long and deep](. We’ll experience protracted inflation and a now confirmed recession at the same time. “It’s important to keep in mind,” Jim cautions, “while we may even see some ‘bear market rallies’ like we did yesterday, as investors we simply must plan on seeing a broader, deeper fall in the market. [Don’t be fooled by the mainstream coverage]( the “buy the dips” narrative, or anyone trying to call a bottom. It’s time to be cautious as this market pattern unfolds.” So it goes, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. Can’t help but notice that on the same day as the Fed rate hike, Mega Millions, the 25-state lottery, crossed over an ostentatious $1 billion dollars. Yes, a billion. The higher the payout, the more people buy tickets. So, we may see this one beat its current record of $1.537 Billion. When I googled for more information… the results showed 155 million search results in the prior 55 seconds. Anyway, here are my losing numbers from yesterday evening. C’est la vie. [Click here to learn more] --------------------------------------------------------------- Urgent Rebroadcast [Click here to learn more]( Last night during a[live stream,]( Jim Rickards released a never before seen “crash” trade recommendation [completely free of charge](. It costs less than $100 to get into, it’s easy to execute, and it could mean an 11X return or more during a market crash. And this could not be a more perfect time to make money in a falling market. That’s why I suggest you [watch Jim’s message now]( before the markets close today. Because with the state of the market today, you don’t want to miss out on your shot to take home a huge win during a market crash. [Click Here To View A Rebroadcast Of Last Night’s Message.]( Ed. note: Got something to say? Send your feedback to The Wiggin Sessions, [here.](mailto:WigginSessions@5minforecast.com) Follow the Wiggin Sessions on Social Media! 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