from Kerry Lutz's Financial Survival Network
Kerry Lutz and Eddy Gifford discussed the recent drop in Consumer Confidence numbers and the impact of inflation on individuals, highlighting the anger and dissatisfaction it’s causing. They also touched on the low satisfaction rate with the current administration and the impact of inflation on interest rates and the Fed’s actions. Eddy Gifford raised concerns about the potential risks associated with the stock market’s prolonged highs and emphasized the need for a trader’s mentality and diversification into alternative investments. The potential of precious metals and cryptocurrencies as hedges against mistrust and supply and demand stories was also explored. The conversation concluded with a focus on the flexibility and nimbleness required in investment planning to take advantage of the current market conditions.
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On July 12, 1648, dozens of angry French politicians gathered at the hallowed Palais de Justice in Paris to draft the final ultimatum that would be sent to their nine-year-old king, Louis XIV.
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman consider U.S. foreign policy toward Iran in the wake of a helicopter crash that left Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian dead.
What would it look like if China was tip-toeing away from dollars so as not to cause any alarm, while also buying gold with the resulting excess dollars?
Consumer sentiment is continuing its decline amongst Americans. The University of Michigan’s survey monthly survey revealed sentiment fell to a six-month low of 67.4 in May, down from 77.2 in April. Inflation is the primary reason for the loss in confidence, followed by interest rates and geopolitical issues.
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A construction contractor tasked with building migrant housing in Clonmel, Ireland has reportedly withdrawn from the project after its heavy machinery was torched last week.