American Economic Uncertainty is Off the Charts – What Does That Mean for Your Finances?

[Intelligent Income Daily]( Welcome to Intelligent Income Daily, the free daily newsletter from wealth and income expert Brad Thomas. Brad’s experience spans three decades of real estate and stock market booms and busts. Today, he and his team focus exclusively on the safest and most predictable ways to earn sustainable and growing income in any market condition. You can find all past issues [here](. And if you have any questions, please contact Brad and his team [here](mailto:memberservices@widemoatresearch.com). American Economic Uncertainty is Off the Charts – What Does That Mean for Your Finances? By Brad Thomas, Editor, Intelligent Income Daily The numbers say the economy is doing great. So why does it feel so bad? Last week, the Bureau of Labor Statistics reported that the economy added 336,000 jobs in September. That was nearly double what economists were expecting. Unemployment is holding steady at 3.8%. [image]( But Americans aren’t feeling great. The University of Michigan Consumer Sentiment Index measures how people feel about their finances and the economy. In September, it dropped for the second month in a row to a value of 68.1. That’s lower than it was in the first month of the pandemic. And worse than sentiment in early 2008 during the Great Financial Crisis. Today I’ll show you why Americans are feeling uncertain and what it means for the economy. I’ll also give you a glimpse into what’s coming next and give you an opportunity to prepare and even profit before it’s too late... Recommended Link [Meet C.O.N.A.N., the AI that Could Help You 25X Your Money in 60 Days or Less]( [image]( Teeka Tiwari has picked 27 coins that jumped at least 1,000%. But those gains took years in most cases. Could you accelerate your wealth journey and make those kinds of gains in 60 days or less? It’s possible, but only with C.O.N.A.N., Teeka’s first-ever artificial intelligence (AI)-powered crypto trading system. [Click here to see the details of this patent-pending AI.]( -- American Uncertainty and What it Means for the Economy Have you checked your bank account lately? If you’re like most people, the money you have saved away may be falling fast… A recent report from the San Francisco Fed shows that Americans have spent most of the money they saved during the pandemic. And Bloomberg reports that after adjusting for inflation, 80% of people have less money saved than they did in March 2020. Though inflation slowed down from last year, it is still too high. The Core Consumer Price Index (CPI) measures changes in the prices paid by consumers over time. Over the past year, it has increased by 4.3%. Meanwhile, wages have increased by just 4.2%. In August, the CPI rose by 0.6%. That was the biggest increase since January. Gas prices are going up. Mortgage rates hit a 23-year high. And as of this weekend, Israel declared war on Hamas – which means oil and gas prices likely won't be going down any time soon. Americans can’t keep up. They’re racking up debt and falling behind. Credit card debt hit $1 trillion for the first time ever in June of this year. Data from the New York Fed shows that auto loans and credit card balances more than 30 days late are at higher levels than before the pandemic. And those numbers keep going up… [Image] On top of that, student loans – which make up 9% of the debt Americans owe – were on pause for the last three years. But people will have to start making payments again this month. That’s a big warning sign… More than two-thirds of our economy depends on consumer spending. So if people are running out of money to spend, the economy will slow down… and may accelerate the coming recession or something much worse… So how can you prepare for what’s coming next? Prepare for an Even Greater Wealth Transfer If Americans are rating this economy lower than they did during the Great Financial Crisis, there’s a reason. In addition to the depletion of Americans’ savings accounts, an enormous wealth transfer of $30 trillion dollars is currently taking place from the federal government to the wealthy elite. In other words, massive amounts of American taxpayer dollars are about to be given to Wall Street. And as The Wall Street Journal put it, this transfer will make “Wall Street richer at Main Street’s expense.” Many Americans will suffer even more as Wall Street goes on to double… even quadruple their money… in one very specific corner of the market… And you and countless others will likely be on the wrong side of this – regardless of politics or who you vote for – if you do not prepare in the coming months. To help you take advantage of this wealth transfer and take back the money, [I put together a special briefing](. As we face a decline in savings… a volatile future… and a faster path to recession… It’s more important now than ever to boost your income. To find out how to take back the money that was pulled from your pocketbook, [click here](. Happy SWAN (sleep well at night) investing, Brad Thomas Editor, Intelligent Income Daily IN CASE YOU MISSED IT… [“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prins]( $100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers. She’s talked about it on podcasts… live TV… and in her newest, bestselling book, Permanent Distortion. Dr. Prins says: “This asset has nothing to do with gold or silver, but it has many of the same features to protect your wealth – and preserve your privacy.” As the turbulence in our world grows worse and worse… [Click here now to see what Nomi is recommending before it’s too late.]( [image]( [Wide Moat Research]( Wide Moat Research 55 NE 5th Avenue, Delray Beach, FL 33483 [www.widemoatresearch.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](. Wide Moat 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: 1-888-415-6046, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@widemoatresearch.com). © 2023 Wide Moat Research. 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