credit crisis
Are you worried about the current state of the economy and the potential for a financial crash? You’re not alone. Financial expert Bert Dohmen shared his insights and predictions for the future of the economy, and it’s not looking good. Dohmen explains that we are currently in a secular cycle, which is the bad part. He warns that the current tightening of credit by banks is the biggest since the Great Depression and that this is a sign of something much worse ahead.
So, what can you do to prepare? First, it’s essential to have an experienced financial advisor who has been around during the last inflation cycle. Dohmen emphasizes the importance of facts over opinions and encourages listeners to study his Wellington Letter, which offers a detailed analysis of the current economic situation. The hosts also offer a free copy of the letter to listeners. Second, it’s crucial to understand the reasons behind the credit crisis and the potential impact on commercial real estate loans. Dohmen predicts that the crisis will continue and advises listeners to pay attention to key indicators such as the federal reserve’s actions and the shrinking economy. Third, it’s essential to do your research before making any investment decisions.
Don’t follow investment advice blindly and verify the information before taking action. Timing is everything, and studying historical charts and technical indicators can help you make informed decisions. In conclusion, the episode highlights the need for caution and preparation in the face of potential economic instability. Don’t be fooled by short-term boosts in the market and choose a financial advisor with experience and wisdom. Increase your financial literacy by studying the fundamentals of income, assets, liabilities, and cash flow. And most importantly, be prepared for whatever comes next. money will continue to flow into gold and silver as they are sought after safe havens for storing wealth for centuries. Gold and silver both continue to maintain very high demand with no signs of slowing down during the coming crisis.
