The Mainstream Media Is Changing Its Tune

[The Bleeding Edge]( Editor’s Note: You’ll hear today from colleague and cycles trading expert Phil Anderson… Phil’s decades of experience predicting major market shifts is all based on an 18.6-year cycle he tracks that’s been driving the markets for centuries. Back in early 2023, while most were panicking about a recession they were so certain was just around the corner… Phil was calm and certain. No way would we see a recession that year. The cycle was perfectly clear: a major downturn was still years off. And it seems the mainstream media has finally caught on. Read on for the details from Phil… --------------------------------------------------------------- The Mainstream Media Is Changing Its Tune [Teeka Tiwari] By Phil Anderson, Co-Editor, Inside Wall Street With Nomi Prins Mainstream media is doing a full 180 on this… First, everybody was expecting a recession. You heard about it everywhere. It was not a question of whether it would happen… but how severe it would be… how many jobs would be lost… how long it would last. Well, no more. The U.S. economy is growing like crazy. It has outpaced the rest of the world, and it keeps surprising those “experts” who professed doom and gloom just a year ago. Well, my knowledge of the 18.6-year real estate cycle guided me in the opposite direction… We Knew That It Would Be All Right Back in February 2023, I [said]( Even if there is a slight downturn, there is nothing in my research or incoming data that suggests a structural weakness in the economy. On the contrary, my 18.6-year cycle says the global economy will do well in the near term. The cycle isn’t over… and it will not be for years. Watch the media change the narrative this year from “imminent disaster” to “a soft landing is possible” to “sometime in the future, we will have a recession, but for now, it’s all good.” And nobody (except for my readers) listened. Well, now we’re in the “apology” stage… where experts try to understand why they were wrong. Mainstream Media’s Apology Tour Recently, from the Financial Times: Over the past two years, most economists have predicted a US recession. Indeed, it has been the most widely anticipated recession that didn’t happen. Like Godot, it has been a no-show. That became increasingly obvious at the start of this year. However, while most bailed on their gloomy recession forecasts, many predicted that the Federal Reserve would have to cut interest rates several times to avoid a recession if inflation continued to moderate. That prediction also looks to be wrong, and more economists are now talking about a “higher-for-longer” interest rate outlook. Now economists are going back to their drawing boards to understand what went wrong… why they misread incoming economic data, and misguided millions of investors in the process. Well, nothing went wrong. At least as far as the 18.6-year real estate cycle is concerned. In fact, economic events unfolded just as it predicted. Liquidity remained ample… land and housing prices remained at high levels… unemployment was low… Even “higher” interest rates were in line with their historical averages. So, expecting a dramatic event based on mostly positive data was a mistake. That was something everybody missed. But my 18.6-year real estate cycle theory told me exactly how events would unfold. And I shared that knowledge with my readers. I look forward to doing just the same, regardless of what everybody else says. Regards, Phil Anderson Contributing Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to feedback@brownstoneresearch.com. [Brownstone Research]( Brownstone Research 55 NE 5th Avenue, Delray Beach, FL 33483 [www.brownstoneresearch.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Brownstone Research welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-512-0726, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@brownstoneresearch.com). © 2024 Brownstone Research. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Brownstone Research. [Privacy Policy]( | [Terms of Use](