STOP SPENDING - Debt Spiralling Out Of Control | Nomi Prins
The US Economy is obviously struggling, growth is financed by excessive debt. The consumer is hanging on by a thread. While the consumer keeps spending, credit card debt keeps rising. We discuss the impact of a potential FED pivot and future rate decisions.
#gold #FED #money
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👨💼 Guest: Dr. Nomi Prins, Founder
🏢 Company: Prinsights
🌎 https://prinsights.substack.com/
📅 Recording date: August 29, 2024
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November 21 & 22, 2024 in Frankfurt, Germany
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Chapters & Timestamps (AI generated):
00:00 - Intro
00:21 - Discussion on Financial Delinquencies and Comparisons to 2006-2007
01:01 - Introduction of the Guest, Dr. Nomi Prins
02:08 - Analysis of GDP and Consumer Debt Trends
04:38 - Consumer Wages vs. Inflation and Debt
06:13 - Economic Indicators and Consumer Behavior
07:46 - Credit Card Companies' Strategies and Delinquencies
10:30 - Labor Market Concerns and Fed Policies
15:04 - Impact of Fed's Rate Policies on Inflation and the Economy
20:13 - Real Estate Market Dynamics
23:19 - Potential Policy Impacts on Real Estate and Capital Gains
29:19 - Infrastructure Bank and U.S. Economic Development
35:05 - Ongoing Commodity Price Escalation and Long-Term Projects
39:06 - Uranium and Nuclear Energy Developments
43:54 - Portfolio Diversification Strategies
44:23 - Where to Follow Dr. Nomi Prins
45:04 - Outro and Call to Action
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