The Terrifying “S” Word

A recipe for economic disaster. [Altucher Confidential] April 05, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Stagflation isn’t a word I or anyone likes to throw around lightly. Here’s what you need to know. [Hero_Image] The Terrifying “S” Word By James Altucher Patent #11,219,620: The Most Valuable Patent In History? I believe this could over time become the single most valuable patent in history. [That’s because this patent is just some of the exciting work being done by a company which is developing treatments for one of the biggest and most common diseases in America…]( A disease which impacts 54 million people, or about 26% of the adult population in America. Whatever you do, do not let this opportunity pass you by. [Click here now for the details.]( [James Altucher] JAMES ALTUCHER Dear Reader, 2023 is proving to be anything but an average, run-of-the-mill year. On the economic front, we have a Federal Reserve, led by Fed Chairman Jerome Powell, that is determined to stop inflation cold in its tracks. And the Fed’s inflation-fighting weapon is, as you’d expect, interest rates. Jerome and his buddies have pushed interest rates from near zero to around 5% for about twelve months. Traders increasingly believe that the Fed will keep rates in their current range of 4.75% to 5% at the May 3rd Federal Open Market Committee (FOMC) meeting, but that’s a HUGE change from what they expected just one month ago. On March 3, 2023, traders placed a 65% probability on the Fed raising rates by another quarter point and around 33% that the Fed would take the giant leap and hike by another half point. What changed? Why aren’t traders expecting another hike in May? The Fed’s aggressive rate hike campaign over the past year is finally impacting the economy. Output is slowing, home prices are declining, rental rates are falling, and the available number of jobs in the U.S. is dropping fast. It seems like jobs are plentiful, but on Tuesday, April 4, 2023, the JOLTs job openings data showed fewer than 10 million open jobs in the U.S. for the first time since May 2021. It’s only a single data point, but it’s a real-time indication of a declining job market. Here’s where things get interesting… I’ve seen data floating around that indicates rental rates for apartments, condos, and homes are falling hard and fast. This matters because the rental equivalent is a massive component of the CPI. Put another way, inflation (in some, but not all areas) may already be significantly lower than the Fed realizes. The Fed could have its hands on this data if it practiced a little common sense. How? It’s easy. Contact the owner/operators of some of the largest REITs in the country. These guys manage leases and adjust prices to ensure their properties are fully occupied. In a nutshell, if you want to know how rental rates are trending, speak to the guys setting the prices and filling out the lease applications! Download My New Survival Guide Today! I’ve created a BRAND-NEW “2023 Crisis Survival Guide” that I’m making available to all of my Strategic Intelligence readers today. This short 54-page document has everything you need to know to protect yourself and your family in times of crisis. Things like what foods to stock up on now, staying safe during periods of rioting and looting and more. Inside I break down all of the coming threats you face and how to prepare. [>> To see how to download your copy, click here now](. A Word No One Likes to Hear Declining rental rates will impact the consumer price index (CPI) inflation data, but let’s be honest, there are still other areas of the economy where prices remain stubbornly high. And as challenging as elevated inflation can be, it’s made much worse when gross domestic product and corporate growth begin to decline. Stagflation isn’t a word I or anyone likes to throw around lightly. Unfortunately, if inflation remains above trend and economic growth hits the skids, we’ll be staring at a situation where prices are high and growth is flat or in decline. And that’s a recipe for a terrible economic environment! The most important data points we’ll receive over the next couple of months are the monthly employment report, the monthly inflation data, and corporate earnings. The combination of the three will paint a moderately clearer picture regarding the future of the U.S. economy. As challenging an investing environment as this has been, we are far closer to a new bull market than the beginning of the bear market. My team continues to compile a list of companies we believe you should own as this economy and stock market emerge out of its year-plus funk. Stay tuned, as the clouds always lift. Sometimes it takes a bit longer for the sun to shine than we would like. Best, James Altucher For Altucher Confidential --------------------------------------------------------------- [VIDEO] Nord Stream Attack a “Covert Act of War” By the US? [Click here for more...]( Shocking details have come out that all but PROVE the US attacked the Nord Stream pipeline… And that Americans would suffer the consequences. [Click here for more.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. 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