About this episode
(8/7/23) Wrapping up earnings season: 80%+ of major companies will have reported by week's end, with many "beats" of lowered earnings estimates. Meanwhile, economic data is showing signs of concern, but nothing terrible. Employment data is showing a slowing; markets continue their corrective ways: How long can this correction last? Year-over-year math of Inflation: About to enter period in which computed inflation goes back up. What is the potential for Fed to raise rates again as inflation heats up? CPI Report on Wednesday; NASDAQ is detached from economic reality. Government Debt & Debt Ceiling fights (there's been no budget since Obama in office.) Why did Fitch downgrade US Debt? No fiscal restraint. The point at which debt finally matters (we're there). It's all about public policy. Explaining the appeal of Socialism over Capitalism by the unschooled. CBO: Trend of debt issuance is not good. "Gray Rhino Event:" plenty of warning signs, which go unheeded. Futuristic Movie Timeline: We're somewhere between "Soylent Green" and "Children of Men." Economic Preview: Rates don't matter until they do; rates can only go one way (down) because debt levels are unsustainable. SEG-1: Wrapping Up Earnings & Signs of Concern SEG-2: How Long Can Correction Last? SEG-3: Why Fitch Downgraded US Debt SEG-4: Futuristic Movie Timeline; Rates Don't Matter Until They Do Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show, on our YouTube channel: https://www.youtube.com/watch?v=79A7KBLcwtY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- The latest installment of our new feature, Before the Bell, "Markets Continue to Correct," is here: https://www.youtube.com/watch?v=JrQytvzdNCE&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "What Gen-X Needs to Retire" https://www.youtube.com/watch?v=RY6HAOJASiE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2652s -------- Articles mentioned in this report: The Market Is Detached From The Real Economy https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #InterestRates #FitchRatings #Recession #Correction #Japan #EconomicWeakness #GovernmentDebt #Markets #Money #Investing