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there are so many things I want to talk with you today about that I'm just going to get right into it there's a few things about macroeconomic events that are going to affect all of us every aspect of all of our lives and there's a few things about the economy I really want to point out and lastly I'm going to follow up or end with I wrote a special alert to all my subscribers in my newsletter at Peter leads.com yesterday and I'm pulling out just a couple of lines from there that I think I also want to share with you guys it's very important and you're G to like this all the stuff's in this video and this was the headline from the alert I got from CNN today fears of AR Rising Middle East War well you already knew you saw all this coming you knew all about it and it's getting more extreme all the time and I wrote about that a lot in the alert yesterday from day one it was always going to expand it's a powder keg it's going to have a lot of effects so many more serious effects than talking about financial stuff which is is the hardest part about this but it will have effects on all aspects of the financial system I'm not even going to get into the details we've been watching this the whole way and you probably have a good idea of what's going to happen next the Chinese president called the reunification of Taiwan with China inevitable in a speech on Tuesday Chi who has made taking control of Taiwan a Cornerstone of his goal to elevate China's power and stature global I've told you all the time that all they have ever said has been we will take back Taiwan as part of China all they've ever said nothing different than that that scares me and it also is a big part of his political power his whole platform that's kind of one of his political platforms is to take back Taiwan and people are cheering that on the mainland this is an article from C CNBC I want to pull out exact certain parts or talk about them with you Thomas a founder of the seven report said there's two issues that need to be watched in 2024 number one earnings disappointment we'll get to that in just one second and number two the total lack of the wall of worry you guys know how I'm always talking about complacency in the fear index and when the vix is low that means there's a lot of complacency people are just not paying attention to the risks around them and I'm not saying that things can't be hunky dory and house prices go up and stocks go higher and cryptocurrencies go up and everybody does well but there's a lot more risk that is possible right now than is justifying the way people are acting which in other words means they're just not paying attention and not awake at the wheel like you guys are I have to show you even more what I mean as we get into this article Wednesday's losses came after disappointing Revenue guidance from FedEx why does that matter FedEx delivers so many packages as a sign of economic activity just like the velocity of money that I talked to you about FedEx is warning that they're not going to be doing well that's a very bad sign for the activity of the economy which has so many implications from that point he goes on to say now that inflation has peaked and is receding inflation peaked you knew when it peaked when it peaked a while back and we talked about it you knew about it then and now inflation's come down this much and now he's talking about inflation peaking we're talking about it peaking as it was approaching and happening but you guys are ahead of the game so just keep it up but what he's talking about with the earnings announcements or the company's operational results is that you're going to get into more discounting of product again most companies seem to be he's talking about how it's going to impact their profit margins so then the stocks price might come down because they're making less money or they're expecting to make less money they announced that and it's a sign of the overall slowing economy he says that the underlying fundamentals in the market are still clearly positive I would say that that's arguable on many facets and it's demonstrable it's provable you can look at actual data from things like the velocity of money the purchasing managers index inflation reports you can look at debt levels debt loads what's the operating deficit of the country all these things tell you a story and the story is showing economic weakness all around so when I see somebody say a comment like that that the economy is still clearly positive then it annoys me and it also annoys me even more when they job own and they say the economy is still strong because the unemployment rat so low that's a part of a bigger picture the economy is showing signs of weakness all around why we're living off of debt on a personal level but the actual government itself also the municipalities a lot of Corporations so we're all spending a lot on our credit cards that's not meaning that we're wealthier I just want to quickly tell you a couple of points of this alert that I sent out to the subscribers of Peter leads.com newsletter yesterday because is poignant and I think that a lot of these comments will actually help you understand ways to look at the economy and see it in a brighter light than you're being told to see it in the majority of investors expect inflation to continue to slide lower two to three rate Cuts in 2024 gold prices to keep climbing stock markets to keep climbing real estate to remain strong and I go on to talk about how the consensus is usually correct but when they are not correct and everyone's looking the wrong way that's where there's big losses and massive opportunities they talk about a few Hot Topic issues about inflation interest rates that sort of thing but I want to show you the parts here while 2023 was the year for gold 2024 will'll see the high quality gold mining stocks sore much higher towards appropriate values given the all-time record prices for the precious metal by the way none of this is personalized trading advice these are just comments that I made and I go on to say that I expect real estate prices to fall in 2024 as interest rates come down and I get into why that's going to happen that's the theory of what's going to happen from this point or from this viewpoint but I also wanted to mention that something like 55% of real estate agents are having trouble paying their rent on their offices that's a unique sign that's telling you something very serious people who have not been able to move or unable to afford a house in the tight inventory High interest environment of the last few years now can and will start taking action thus housing inventory will suddenly begin returning to historically healthier levels which will come along with decreasing prices I think that process will start in 2024 and I think it will then accelerate and accelerate over time especially and based upon how quickly and how low interest rates actually go well here's the part I wanted to read to you okay this is in the summary just a beginning of the summary and it tells a lot about my personal expectations and beliefs but just okay check it out there's a lot of friction and Chaos worldwide right now and an unprecedented level of economic commotion both here and the whole world over actually that means opportunities will be more numerous and much more significant in 20124 and I went on to say my New Year's gift for you for 2024 is a small little bit of investment wisdom remember that the louder the voices get telling you how strong the economy is the more numerous they are the closer you are to a financial breakdown like a currency crisis or a banking crisis or a REO emergency or some serious Bank runs or any of the dozens of possible events all of these examples are far more likely to appear now than they were at this time last year that's not an opinion consider it an observation and please be hyperv in 2024