and we are definitely in several bubbles right now all of which will deflate there's never been a bubble that didn't reverse hey guys I'm back in the studio we're going to get rolling now a lot of things built up over the long weekend had a great long weekend I was in Detroit with my girlfriend Jane and we just had a wonderful time I'm recharged I'm refreshed I'm back at it let's get into it so I have a whole bunch of things that built up I want to go over with you it's going to be a kind


of disjointed video but it's all about the economy and you everything's always about the economy and you and I got to take you through a few of the headlines here cnbc's homepage it's around noonish on Thursday September 5th downfalls 300 points as recession Furious simmer Ahad of major jobs report that's everything I'm telling you about in this video there's major protests going on in Israel significant and against Netanyahu people already before October 7th they didn't even like Netanyahu is probably


going to go out of power but now with the six bodies of hostages they just found yesterday or the other day the people are fed up with nyaho who happens to be as I've told you benefiting as long as the war continues and I'm not saying that the war isn't necessary or isn't necessary I'm not having a horse in this race I'm just saying that there's a moral hazard that Benjamin Netanyahu is going to have a lot a lot of problems and almost certainly lose his job as soon as this war is over and


since he has the power to extend the war that's part of the reason that it's certainly going to keep on going and grow from here and somebody said a comment that I have to address because in my videos you'll notice that a lot of what we say is that the Peter Leeds newsletter is one of the most popular Financial newsletters of all time and somebody made a comment that we all know that's not true and I sat there for a minute I thought oh my god do you guys think I'm just blowing smoke here


everything I talk about the media stuff everything it's all verifiable if you want to spend the time but it is one of the most popular Financial newsletters of all time my record is that we got one time 82 new subscribers in one day that was closer to the do com bubble but still it's pretty good day for my American friends Tim Horton is a big Canadian coffee shop it's going into the states now too there's some in Michigan but check this out just going to pick up your daily bear claw or your


crer I also want to show you one of the last alerts I put out to my subscribers because it was just a perfect clip of a screenshot of CNBC homepage I just grabbed it I go because this is a representation of what it looks like as everything I've told you about is all happening and there's a whole bunch about the economy we're going to talk about today some new numbers came out and it's just telling my story even more even louder and you guys are still here so I think you believe and understand


that I'm not wrong about all this stuff Friday we get the jobs report Tuesday there's the debate which I'm not a political dude I'm not a guy who watches the debate this one I'm going to watch I have to cleanse my pallet after that last debate which was one of the most cringy things I've ever seen with Biden and Trump and so I want to see a proper good debate so I'm going to watch it I think it's going to be interesting not sure maybe it'll just be boring but here


you can see right across the screen here we'll check out how is oil doing up 1% no biggy gold up 11 bucks silver is up 2.23% and later this month in the next few weeks we have the Federal Reserve interest rate decision they're obviously going to lower our rates but you knew everyone knew they're going to lower rates and then gold prices go up pretty strongly today and there's a headline that oh because they going to lower rates I don't understand how come people don't get ahead of this and get


Upstream if you know something's going to happen and then it's going to cause things to benefit position yourself so that you're sitting there and you get the profits we've got a big jobs report coming out on Friday which is going to show more of the same which is Echo by two of the headlines I'm going to tell you about right now and here's a great question I got from one of our subscribers in Germany he has read the penny stocks for dummy's version in German and I have no idea what it says


I'm not involved with the translation so hopefully it's correct anyways he asked a question about how they merged the otcbb market the over to counter bulletin board which is owned by NASDAQ so it was a really high quality Market even though the prices the Shar are low everybody who had a good company tended to try to get onto the bulletin board and then there's the Dark markets otcqx otcqb which are terrible because there's just an unlimited bottomless supply of garbage companies I'm talking about more


than 95% so maybe 96 a lot of bad companies migrate to the places where it's easiest to have a company listed a lot of people lose a lot of money almost everybody's going to lose money in the dark markets and what they did is they took the dark markets and the Bolton board and so they combined it like a good thing and a pile of dirt so this made it into a big mixed up pile of dirt the question was from Michaela in Germany about what is going on now with the markets and this is why I don't want


to write the fourth edition of penny stocks or dummies I don't want to be the one because I have to rewrite the entire book because everything I said was about trying to find the good stocks at low prices on the good market and now as you'll see in my reply to him I'm still upset about all this they took a good market and swept it together with the garbage it makes our job so much more difficult it comes down to a stock bystock analysis all of the markets are awful now but there are uh very few


diamonds in the hay stack now this is from CNBC August private payrolls Rose by 99,000 smallest gain since 2021 and Far Below estimates companies hired 999,000 workers last month less than the downwardly revised 111,000 in July and below the consensus forecast for 140,000 the report corroborates multiple data points recently that show hiring has slowed considerably from a spling pace following the covid outbreak in early 2020 private sector payrolls grew at the weakest pace of more than 3 and 1/2 years in August providing yet


another sign of a deteriorating labor market and proof of everything that Peter Leeds has told you for a couple of years now this is just more of the same of soft weak economic data keeps coming in and sometimes it comes in kind of strong it looks good but then they revise it down later after the fact or it comes in Weak and they revise it down from there even further and sometimes they don't revise it but there's a lot of misinformation and gaslighting about the economy friends of mine talk about how


good the economy is and I don't get into this stuff but the economy is weak it's always been weak I've showed you why it's weak I show you how it's getting weaker you can watch how it continually gets softer and softer you guys have learned all this from me if you weren't paying attention and go back and watch it because everything is playing out about the so-called strong economy right now and things that I told you would happen such as oh I don't know like the unemployment rate will start rising and


then now I'm showing you how it's doing it now everybody's talking about it and they're all being surprised that oh wait maybe we will have a recession maybe the economy is weaker than we realized and if you know it ahead of time you can position yourself to benefit from that copper is one you're going to want to watch this is related to a stock I have to tell you guys about coming up this copper prices a lot of this weakness has to do with the economy slowing down but a lot lot of Commodities will scale down


a bit and then they will the base and then they will recover strongly for many years job openings fell more than expected in July another sign of labor market softening the Department's closely watch job openings and labor turnover survey show that the available positions fell to 7.67 million on the month off 237,000 from June's downwardly revised number and the lowest level since January 2021 the Peter lead's newsletter is one of the most popular financial publications of all time economists have


been expecting 8.1 million with the decline it brought the ratio of job openings per available worker down to less than 1.1 about half of where it was from its peak more than 2 to one in early 2022 I told you guys about this there were so many job openings that there weren't enough workers to fill it and that puts a lot of pressure that squeezes the employment rate lower anybody who wants to work can get a job but that's all about the change and everyone's acting so surprised and I told you why it was going to change and


now it's playing out exactly like that and just remember that the great stock market crash of 1929 they were in it for many months before they even realized that the market crash had begun it it sounds very similar to nowadays in my opinion the bond market yield curve which turns to normal from averted state that has raised fears of recession yes what happens is that the yield curve inverts and what that means is that you get a shorter term bond and it pays more interest than a longer term bond that's the opposite of what it


should be you invest money for 10 years you want to get paid more than if You' made the same investment for two years but it inverts and that is a signal of recession it doesn't make the recession happen what happens is every time there's a recession you can look back back and find the inverted yield curve what happens then before the recession starts almost every time and as it's happening exactly right now is that the yield curve un inverts it goes back to normal and that often is when the


recession gets rolling gets into full steam you can see the US dollar weakening here compared to the Japanese Yen weakening compared to the euro weakening across the board the relationship between the 10 and 2-year treasury yield brief ly normalized Wednesday reversing a classic recession indicator following economic news that showed a sharp decline in job openings and doish remarks from Atlanta fed president Raphael ball stick The Benchmark 10-year yield inched above the 2-year for the first time since June


2022 you guys notice that all these headlines that we're talking about it keeps going back to for the first time since 2021 2022 and it's all about the pandemic trade the economy closed down and then reopen so the economy got really bad and then really good and we had that stupid little mini recession that lasted for I think 5 weeks cryptocurrencies down a couple Grand to bitcoin's at 56,000 layoffs jump in August while hiring is at a historic low you see how OPEC and OPEC plus can control oil


that's why you don't worry too much when prices drop they are dropping really strongly because of the economy weakening but then OPC can just come along and say you know what for example let's delay the production boost that we had promised and all of a sudden the price of oil goes up 2% I'm not going to touch this with the 10 foot pole but whatever you're reading now everything's pointed to it's the worst since after the reopening trade something is setting up right now that


you can feel it and I know you can feel it if you're here watching these videos remember to subscribe by the way if you're watching these videos you know we are in absolutely uncharted waters and the four most dangerous words in the stock market are it's different this time I know and I agree and it's true but what is different this time and I hate to say it but this is the first time that every single currency on the earth is a fiat currency and we've never been in that situation so you don't know


what's going to happen and we are definitely in several bubbles right now all of which will deflate there's never been a bubble that didn't reverse it's always about timing that's when you make the profits that's what I tell you about how it's about the speed of the slope or the trend rather than the actual destination if interest rates go to zero and they do that over five years it will almost go unnoticed but if they're dropping to zero in two meetings that's going to be much more


meaningful have much more effect whether For Better or Worse here's a screenshot from C MBC the 10-year treasury yield versus the 2-year when the two-year pays more that's an inverted yield curve and it just recently normalized it should still pay more the 10-e should still pay a lot more than the 2-year but technically just go by it's a little bit higher of a payment so it's now not inverted anymore an inverted yield curve in which the nearer duration yield is higher has signaled most recessions since World War


II the reason why shorter duration yields Rose above their longer duration counterparts is essentially the result of Traders pricing in slower growth out in the future so the yield curve inverts when Traders are expecting things to slow down as I showed you with the leading economic indicators that they're all telling you that and the results all the financial reports coming in are awful things like manufacturing the balance of trade debt levels the operating deficit of the country there's


so many things that will not allow us until they get fixed they will not allow us to have this Pie in the Sky rainbows and unicorns and sunshine view of what's going to happen to this economy to the US dollar and to this stock market however a normalization of the curve does not necessarily signal Good Times ahead in fact the curve usually does revert before recession hits meaning the us could still be in for some rough economic Waters ahead I would say that that is the worst use of the word could in the English


language ever you should have said will and the people that read it that way are going to do a lot better out of what's about to come than most of us this is going to be a once in a generational complete adjustment of the entire Global Financial system and in all that if you're not holding on to a little bit of gold or silver some kind of investment related to that you're going to definitely land in a worse place than you could have and you guys know that I always ask you for some support the reason you're


not seeing ads here the reason there's no sponsors we need people to support the channel and if you do it you get a free newsletter I'm asking you guys to be a Peter leads Insider you get direct contact with me by email ask me anything you want and you get the a special exclusive newsletter for people who are Peter lead's insiders so consider tossing in a couple bucks the cost of a cup of coffee to help support the channel as so many others have that have benefited you already