Frantic economy. When someone's frantic, they're usually overwhelmed, acting quickly without thinking, are emotionally charged with fear, stress, and urgency, desperation. You never make your best trades, and you always make your worst trades when you allow emotions to control your decisions and actions. When everything I've been telling you is going to happen gets even more noticeable, it's already all begun. As it grows and gets worse, what's going to happen is that people are going to be


under pressure. They're going to be stressed out. They're going to be desperate. They're going to be panicked. They're going to be frantic. And in that, they're going to make a lot of really bad decisions. And you don't want to be one of those people who's getting controlled by your emotions. I've lost plenty of money because I made decisions with impatience or any of a number of emotions that take over your head when you're using real money. Frantic feeling or showing extreme panic, anxiety, or


depression, often in a way that's uncontrolled or rushed. But people should be frantic even more than they are because a lot of things that I talk about, corporate bankruptcies are on the rise, so they're even higher. And if I talk about auto loan delinquencies, you talk about debt levels, you talk about how much money is needed just to pay the carrying costs on the debt. You look at unemployment going to rise. It will get into double digits. Inflation will get into double digits and we will be in a recession if we're


not already in one right now. Travel to America is down across the board, especially from Canada, and purchases of American goods are lower in many nations all around the world. The effects of the trade war are being seen now, and they're going to be seen even more. And I'm sorry, I'm just giving you a big negative view on everything. And I'm not a negative guy. Actually, I have a good attitude about my stuff. I just think that I should use this soap box to help as many people as I think that I


can, which isn't even close to everybody. It's a few of you, but if I help a few of you because I do believe that this economy and everything is going to get really bad. And you might say, "Okay, so great. Thanks, Peter. What about it?" What we're talking about here is you making certain decisions and make them now and get set up. Even if you've already made a few good decisions to get ready, think about some other stuff you can do. It will be worse than you think it's going to be.


History has shown us this. All of the valuation metrics on the stock market are just being bent into the extreme where they've never gone before. The Q ratio, the Warren Buffett valuation indicator, and home prices are starting to decline as I told you that they would. Starting with condos, but it's starting to spread out to other types of properties. And it depends on the market you're looking at, but that's how things like this start. Everything you're seeing, everything you're seeing, this is how things like


what I'm talking about, how they start. And remember, when you're on the edge of a bubble that's going to burst or the stock market is about to tip over, there needs to be, this is mandatory for this to be the situation. There has to be an army of people who will put their heels on the sand and fight you about that this bubble is going to be able to last or that we're not in a bubble. And this is the thing too. A lot of people agree, yeah, we're in a bubble, but they're waiting and waiting and it's just weird


cuz then you're just either calling it exactly right or you're going to miss the moment when even though you agreed to the right answer, you didn't take the right actions. Take some time for yourself. clear your head, have a glass of wine or a coffee, and just sit there in the quiet and decide what you think is going to happen with this economy. You know what I think? One of the ladies you saw walking around in the video of the boat, that's Callie from Maris Yachts. Go check out her website and if


you're ever looking for a boat, tell her I sent you. And huge news, the app now has pictures in it. That means that you can get all of the Peter Leads newsletter, every aspect of it in the app, wherever you are, in your pocket, searchable on demand, and I offended somebody. And if you guys remember, I made that joke in the last video where I said someone's jumping and you're just watching them fall and you're It was clearly sarcastic. And as soon as I saw the comment, I realized that that's


definitely a person who's only been here for one video. Stick around. You'll learn what I'm like. you'll learn that I would never try and say something like that. Anyways, nothing but love, my friend. Always. And you guys know that I keep telling you my dad is clearing out the basement and he found out that we actually started buying gold and silver even before I've been telling you, which is kind of cool if you ask me. And he also found, check out this, way back in the day when I was running my company.


This is what you used to get. This was the original Peter Leads newsletter. There's my company logo there. And yeah, like looking at it now, at the time it was fine. It worked well. And I was even talking about gold and silver mining in these back when I was what, I don't know, four. Hey, dude. Dude, that was a sarcastic joke. I don't really mean I was four. I'm talking to the guy who got off by me saying, "And by the way, I also said, "Yeah, I've got canned food in the


kitchen, so if there's a nuclear war, I'll be like, yes." And the dude, if you saw that, you'd probably say, "What piece of would talk like that?" Dude, dude, please. And I did something the other day, which sure it's to get you to give me more views on my YouTube short videos. You got You got me. Okay, but get that out of the way. I also I was putting on the YouTube shorts of what I've put out and I put it on 1.5 times speed. just put it on in the background like little


background music or something. Go cook your pasta. And it actually was kind of cool. It was like, "What do I think about this? What do I think about that? What do I think?" It was almost like I was boxing you. So, take the Peter Leads challenge. Give it a try. If you guys like the fact that we never have sponsorships, please click like to encourage us and keep us doing what we're doing. And I want to give you guys my love and thanks for all the support you're showing us because this is a weird world right now.


Weird economy, weird stock markets. And if you got to go through it, I'm glad we're going through it together.