What it means. [Altucher Confidential] July 10, 2023 [WEBSITE]( | [UNSUBSCRIBE]( The risk of a financial downturn will peak just as we’re popping the champagne for New Year 2023. [Hero_Image] Fed Signals âHigher For Longerâ By: Chris Campbell âGodfather Of AIâ Reveals Stunning Prediction [Click here to learn more]( He’s a 35-year AI veteran who has worked closely on AI technology for decades… - In 1988, the National Science Foundation funded him to build an AI chess program.
- He’s written and published academic papers on AI.
- And he’s used AI to trade stocks as early as 2001. [But today, he’s stepping forward with a critical prediction that he says every investor needs to hear.]( Whatever you do, I’m urging you to not invest a single dime into AI technology until you see this man’s warning. [Click here for details.]( [Chris Campbell] CHRIS
CAMPBELL Dear Reader, They've spoken again - those mighty oracles at the Federal Reserve, collectively known as the FOMC. With the minutes from their June meeting, we dove headlong into their economic Etruscan runes… all to get a glimpse of the monetary future. The general temperature at the Fed is clear as ever. Recession? No worries. Banking sector? Pfft, not on the radar. The job market? They're more relaxed than a sunbather on a Miami beach. One word shoved all others out of the way this month: Inflation. I know. It's as shocking as finding out that Game of Thrones ended with people dying. But it says everything you need to know… Rates will rise this summer by 25bps, with odds high of another 25bps hike before Santa stuffs himself down the chimney. The question then, isn't so much what the Fed is planning, but more about what the US economy has up its sleeve. First, there’s job openings. Think of job openings data as a sensitive seismometer, the kind that quivers before an earthquake. When the number of job openings starts going down, it COULD be a hint that unemployment might soon be on the rise. [ALC] Attention! Before You Read Any Further⦠[James Altucher]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( Once you’re done with that, read on to see today’s issue… But that doesn’t paint the whole picture. Despite the drop, however, the report is a bit hotter than expected as hires and quits rose and layoffs were largely unchanged. Quits jumped back over 4 million in May… 2.6% above pre-Covid levels. That’s a sign of confidence. [ALC] Many are skeptical about an impending recession because current economic data looks healthy. However, historically, indicators like the real GDP and jobless claims are usually stable right before a recession hits. The yield curve, an important harbinger, has been inverted for a year, a signal that the bond market expects a slowdown. Historically, recessions begin about 18 months from the beginning of the inversion. Also… With the real GDP (adjusted for inflation) and job openings data starting to hint at a potential slump, risk could be on the rise. Here’s what the magic eight ball is saying: The interest rates will stick to their high horse, the knock-on effects of tighter financial conditions will ripple across the economy, and the risk of a downturn will peak just as we're popping the champagne for New Year 2023. Place your bets, sure. But perhaps keep some cash handy just in case. Until next time, [Chris Campbell] Chris Campbell
For Altucher Confidential White House insider exposes epic Biden mistake [James Altucher]( Thanks to the incompetence of President Joe Biden… [And the HUGE mistake he made on February 24, 2022]( And an unthinkable event has now happened… Bringing in hyperinflation like we’ve never seen… Crushing the value of the money in your savings and retirement accounts… Tanking our economy… And changing our country’s global standing forever. But there’s still time to protect your money. But you can’t wait. [>>See Biden’s terrible mistake here<<]( [Paradigm]( ☰ ⊗
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