Economy In Trouble As Recession Looms

Peter Schiff on OAN Real America with Dan Ball. Recorded 8/5/2024

[thatbougeeguy]

The recession scare is surreal and the market is really panicking at this moment and I'm worried what effect this frenzy could have on my portfolio of about 80k. Could you make any recommendations on how I could preserve my portfolio during this period and also make profit from the market situation?

[maiadazz]

A recession seems like the "most likely outcome for the economy, " and with inflation at a four-decade high, I can't afford to fall victim to these circumstances. I plan to retire in two years with a target fund of $967, 000. How can I ensure I reach this goal, and what steps should I take?

[sarawilliam]

Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600, 000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession

[Brandon]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[AndersonFair-cybb]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[Sky]

Told us about 2008 and when he tells them and they didn't want to hear it, they stopped putting him on CNBC

[oneillbilder]

The continuously changing economic conditions in our society have made it necessary for thousands of peopleto find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.

[michaelwiebeck]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[aigajenkinson]

The best way to describe the present economy is 08' 2.0. Yes, stocks are at discount and things will eventually get better, but as of now, my monthly living expense is up $3750 from $1600 and I'm left wondering what retirement may have in store for me.

[AlaskanBallistics]

This is what happens when you print money and have massive government debt

[Aaronduckstein]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[Frankjacob]

It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.

[patrickvicky]

I'm new to BTC and I've been making losses trying to make profit myself in trading.. I thought trading demo account is just like trading trading the real market... Can anyone help me out or at least advise me on what to do?

[BassFishingNEB]

Why dodge the question about the brokerage 'outages'?

[randybest]

If you can't hold it in your hand, you don't own it.

[Riggsnic_co]

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

[georgeorwell]

It’s almost here. Been waiting well over a decade. It’s funny how bad news is good news for the stock markets, until it isn’t.

[FegaroScheu]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*

[damncars]

Thanks for clarifying the difference now from the 6% full employment threshold.

[benjaminmale]

Why did Peter totally avoid the question about brokerage firms locking people out to stop them