This is Worse than the 1928 and 2008 Debt Crisis

This is Worse than the 1928 and 2008 Debt Crisis 🔴Sign up for the free Live Trading Training on Sunday 10 September: https://felixfriends.org/webinar 💲 Wealth Accelerator Pre-Sale. Claim one of only 100 spots. 💲 https://felixfriends.org/wealth 💡Our Ideas 📲Your Inbox: https://felixfriends.org/sub 📞Life Changing Coaching Program for 5+ Figure Investors. Apply now: https://go.felixfriends.org/coaching 🙋I'm Felix, and I retired at 40. From lousy investor, to investment banker, to corporate lawyer to entrepreneur, I've tried it all. But it was through investing that I found my way to retirement. My passion is simple: to inspire and help others achieve financial freedom. I break down how the market really works for free, so you can manouver the corrupt financial system. 100% transparency. No sponsors. Join me on this journey to financial freedom. The content in this video is for informational and educational purposes only. It does not constitute and should not be construed as financial or investment advice or an offer to purchase or sell securities. The content is not personalized or tailored to a specific person or group of persons, nor to their personal investment or financial needs. You should consult a financial adviser or other investment professional authorized to provide investment advice. Investing comes with risks, including the risk of loss. Presentations of trades made by Vinal or its personnel are not a guarantee that any investment decision made by a student will be successful. Past performance is not a guarantee of future performance. 👉 Send me a message. I promise to answer all questions in 24 hours. 💬 Instagram   / dailyfelixprehn   🦜 Twitter   / financefelix   ✉️ Facebook https://m.me/realfelixprehn Here are 10 reasons to doubt the soft landing narrative. Excess savings are running out. One of the reasons consumers have been able to keep up with price inflation is the fact that they piled up a lot of excess savings during the pandemic year. But that savings is nearly gone. Aggregate savings peaked at $2.1 trillion in August 2021. As of June, the San Francisco Fed estimated that aggregate savings had dropped to $190 billion. In other words, Americans have blown through $1.9 trillion in savings in just two years. At this pace, all of the excess savings Americans accumulated will be gone sometime during the third quarter. People are having a hard time paying their credit card bills. A combination of rising interest rates and increasing credit card balances are squeezing consumers. The number of Americans rolling credit card debt from month to month is now higher than the number of people paying their bills in full for the first time ever. Student loan payments are about to resume. After enjoying a three-year break, student loan borrowers are about to pay the piper. Around 40 million Americans have outstanding student loans totaling $1.57 trillion. When payments resume, borrowers will find their finances squeezed. According to a survey, 56% of federal student loan borrowers say they will have to choose between making student loan payments and paying for necessities such as rent, bills and groceries. Moody’s estimates student loan repayment will deliver a $75 billion hit to consumption on an annual basis. 401k hardship loans have spiked 36% this year. In other words, Americans are dipping into their retirement savings in order to make ends meet. This reveals just how much stress consumers are feeling. And like credit card borrowing and savings, this pool of money is finite. Banks are tightening lending standards. The net percentage of banks tightening lending standards has soared from -32.4 in Q3 2021, to 50.8 in Q3 of this year. The cost of housing continues to soar. Mortgage rates have soared to the highest level in over two decades. The financial crisis continues to bubble under the surface. In early August, Moody’s cut the credit rating of 10 small and midsize banks. It also placed six large banks on review for potential downgrades and revised 11 more banks from a stable outlook to a negative outlook. Corporate defaults have surged. By the end of June, the number of corporate debt defaults in 2023 had already exceeded the total number of defaults last year. Monetary policy works with a lag. A lot of people believe in a soft landing because, despite a sharp, rapid increase in interest rates, the economy hasn’t crashed — yet. But history tells us that it takes a while for the impacts of tighter monetary policy to work their way through an economy. The Great Recession didn’t kick off until nearly two years after the last Fed rate in June 2006. #felixfriends #niostock #palantirstock #sofistock #nvidiastock