Things are still looking rough for the American consumer... New to the Digest? [Click here.]( [Manward Digest] Bad Times Continue for the American Consumer [Alex Moschina] Alex Moschina
Publisher Let's check in on the American consumer. In April, according to the most recent data available from the Bureau of Economic Analysis, spending on services like rent, utilities, insurance and medical care went up $49.1 billion from the previous month. Housing remains scarce, which - combined with sky-high interest rates - makes buying a home both costly and difficult. In 10 years, the median home price in the U.S. has gone from less than $200,000 to more than $400,000. [[🔍 Nvidia's Hush-Hush Deal Revealed: Amazon Is Investing Millions in This Unknown AI Chip Maker! 💸]( And while costs of living continue to rise, consumers continue to put more and more of their daily expenses "on plastic" (as we used to say in the '90s). Our nation's total outstanding credit card balance now sits at a once-unthinkable $1.12 trillion, up 13% from a year ago. Despite all those reminders from the powers that be that the economy is actually doing fine, thanks, it's clear from the cheap seats that all is not well. The market seems to be wising up as well. SPONSORED Could Elon Musk’s New Project be worth trillions of dollars? Elon Musk has predicted that his new venture[“X-9840” could be “a multi trillion dollar company…”]( As big as Microsoft… Apple…and Nvidia… Companies gave their early investors a chance to become millionaires over the long term, starting with just $1,000. [Click here to see the details]( because this has nothing to do with electric vehicles…self-driving cars, rockets, brain chips, or satellites. Over the past several weeks, the Fear & Greed Index has been trending steadily back toward Fear... And the Fed can see that its war against inflation is far from over. It also realizes investors are clinging desperately to the hope that interest rates will start to come down sooner than later. What could go wrong? That's why our mantra this summer is to keep calm... get some sun... and [buy the dips](. There will be lots of them. SPONSORED [4,735% Revenue Surge: The Linchpin of Nvidia's AI Dominance?]( [Artificial Intelligence concept]( As Nvidia's new Blackwell chip sparks an AI revolution, one company is poised to skyrocket. This unsung hero's revenue could soar up to 4,735% in the next 12 months as tech titans line up to secure their groundbreaking technology. Early investors could see life-changing gains as this story unfolds. [Don't miss your chance to ride the AI mega-trend.]( And in the meantime, we can play these bizarre economic times in a variety of ways. For instance, in [this week's Buy This, Not That]( Shah took consumer spending head-on with a look at big box retailers. These are the companies consumers rely on... in good times and bad. But as Shah explains, they aren't all created equal. [Buy This, Not That]( Robert, meanwhile, has his eye on the promise of an entirely new financial system. He dug into the new tailwinds for Ethereum (ETH) in [his piece here](. And Alpesh rounded us out with an income-generating play in the real estate sector. [Click here to check it out.]( Or you can keep scrolling for links to everything we published this week. Have a great weekend, Alex Week in Review [Where to Find the NEXT Magnificent Seven]( [Smartphone with an image of the Magnificent Seven]( Don't bet on the Magnificent Seven to keep up their astonishing returns. Instead... look at the next Magnificent Seven... a group of likely tech stocks that are already dominant but are much smaller. [Keep reading...]( [3 Reasons Ethereum Could Double... AGAIN]( [Ethereum logo]( Ethereum (ETH) has more than doubled over the past year. But with the spot ETF approval in the rear view... there are three reasons Ethereum could double again over the next year. [See them here...]( [Buy This, Not That: Unboxing the Best (and Worst) Big Box Retailers]( [Inside of a store]( We're diving deep into the world of big box retailers... to see which are riding high on AI and subscription services... and which are falling flat. [See the stocks here.]( [Dealmaker's Diary: Striking Gold in the Sunshine State]( [Florida]( Real estate has been absolutely been battered this year... but that there's opportunity as well. Like with this Florida-based realty company that showed up on Alpesh's GVI radar... [Get the ticker here.]( [Surprise! The Rate Cuts Are Here]( [European Central Bank]( Central bankers bit off more than they could chew... and now the "stealth rate cut" is here. [See what's going on here.]( Want more content like this? [YES]( [NO]( Alex Moschina Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada. Was this email forwarded to you? [Click here to sign up!]( You are receiving this email because you subscribed to Manward Digest.
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