Heads up folks, we have another big financial warning!
As I like to do, I go to Kevin Paffrath for his take on the markets and this is what he just posted:
Major Bank *JUST NOW* FREAKING OUT | Collapse Warning
Allow me to explain….
Basically it’s not just one back but TWO major banks.
In fact, the top two major banks!
Goldman Sachs and JPMorgan have raised their recession odds to 25% and 35%, respectively. JPMorgan’s Jamie Dimon indicated that the economy is slowing down, and inflation will likely not reach 2% soon.
That’s bad.
Really bad.
Look, here’s the deal….eventually the dam is going to break and it’s going to get really ugly, really fast.
I think we still have a small bit to go until that happens, but the cracks are increasing and getting larger.
This is just the latest but it won’t be the last.
And then one day you’ll log on to your computer to check the news and the crash will have hit. And at that point it will be too late to do anything.
So watch this right now and then scroll down for what you can do right now to take action and protect yourself:
Full transcript:
Kevin:
Oh man, it’s getting worse. Banks are now worried about a collapse; recession odds are going up. Japan failed us today. Mind you, Jim Cramer tanked Tesla, Taylor Swift almost got ISIS, and a recession is getting closer by the day. I’m going to catch you up with everything that’s going on here.
The first thing that we should really touch on, though, because, well, it’s a classic, it just doesn’t miss, it’s Jimbo, Jim Cramer. The clip I’m about to show you took place in our free every morning market open livestream, took place at about 6:41 a.m., and from the exact moment of this clip, Tesla stock fell about 4.3%. You could follow me at RealMeKevin to see me tweet this stuff during the day, but I want you to see it here. Ready for it? Here we go.
Jim Cramer:
“I’d rather buy Tesla thinking that demand isn’t that—”
Kevin:
Oh no, I know…
READ FULL ARTICLE HERE… (wltreport.com)
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