Recession? (Exotic Dancers vs. Economists)

Trust Candy. Ignore both. May 06, 2024 [WEBSITE]( | [UNSUBSCRIBE]( I trust Candy more than I do your average economist. But I’m still not worried. Recession? (Exotic Dancers vs. Economists) CHRIS CAMPBELL Dear Reader, Introducing Dace, a lady of the evening from the Mustang Ranch in Nevada. On TikTok, Dace recently shared that her earnings took quite a dip last year, dropping by a whopping 64%. This, she believes, is a surefire indicator we're heading into a major economic downturn. Dace might be onto something. Some have taken note of this phenomenon, dubbing it the "stripper index." The idea: When times get tough, people prioritize essentials over luxuries, and the world’s oldest profession feels the pinch early on. It's anecdotal, but intriguing. While the official numbers from economists are basically telling us not to worry… Guys like Jeff Bezos, the CEO of JP Morgan, Zuckerberg, and even the Walton family have been selling off significant portions of their stock holdings. And there’s other not-so-great news: DEBT! This chart shows personal interest payments rising sharply above wage growth for the first time since 2008. It’s simple: inflation over the past 3 years caused costs to rise faster than incomes. High interest rates are making debt more expensive to service. This benefits savers but is costly for those with large debts. You’ve probably noticed: Buy Now Pay Later (BNPL) financing has become common even for small purchases. If you’re buying Balenciaga at all, you’re a sucker. But if you’re buying Balenciaga using BNPL? Hopeless. And although the rates go as high as 30%... A survey from LendingTree found that almost 30% of Americans use BNPL or consider using it. AI Buy Alert – Here’s How To Get It A revolution is sweeping Wall Street with as many as 90% of Hedge Funds turning to artificial intelligence to beat the markets. However James Altucher has discovered a way people like you can capitalize on a patented, $10m AI system that could help turn the tables on Wall Street. [Click right here]( the full story]( “I Refuse to Participate” Despite these worrying signs, there are still reasons for optimism. Big tech may be slowing, but in areas like AI, crypto, cybersecurity, and more… Innovation continues to plow forward. Moreover… There are ALWAYS people who make fortunes during big downturns. Every economic crisis creates opportunity if you know where to look. We have agency in how we respond. That’s why… While I trust Candy more than I do economists… I’m still not worried. Takeaway: Prepare for anything. More on that tomorrow. Until then, Chris Campbell For Altucher Confidential Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. Exclusive Invitation From James Altcuher – Response Requested By 05/07 I just made a massive change to my newsletter and want to make sure you’re in the know. An all-new “Pro level” of Altucher’s Investment Network is now open, with 3 brand new benefits. As one of my loyal readers, I want to make sure you get a spot before they’re gone. [Click here now to learn how to upgrade to pro level now.]( You Might be Interested in... [Two AI investing traps to avoid.]( [Bidens Executive Order 14067 ominous for Americans]( [Nvidia Surges: This AI Chip Stock Could Beat It]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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