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2023/10/31

Scary is the new normal

Consider the following if you, your kids, or your grandkids are trick-or-treating tonight: Many of the people answering doorbells tonight are trapped in their homes after locking in 3% mortgages... they can't afford to move.
 

Scary Is the New Normal


Consider the following if you, your kids, or your grandkids are trick-or-treating tonight:

  • Many of the people answering doorbells tonight are trapped in their homes after locking in 3% mortgages... they can't afford to move.
  • Credit card and auto debt hit all-time highs this year... with defaults on the rise.
  • Stocks like Dollar General (DG) are down more than 50% this year. (When the poorest Americans can't afford toilet paper at Dollar General, you have a big problem.)

In short: Scary financial statistics have become the new normal in America.

So, what does this all lead to?

I just interviewed Porter Stansberry, who says, "I've been writing about the 'End of America' for a decade, but it's actually what's happening right now."

Click here to get the full story before tonight.

Sincerely,

Matt Weinschenk
Director of Research, Stansberry Research

P.S. Despite how properly frightening America's economic situation has become, Halloween spending is up 13% over last year – with Americans forking over a total of $12.2 billion on the holiday.

Halloween is "recession-resistant," reports the BBC. They add, "Consumers will continue to spend on ritual artifacts, even if times are bad."

But Halloween is not the only thing that's recession-resistant...

Our team just identified a shortlist of companies to buy right now to prepare for the troubling crisis Porter says will hit the market in the coming months.

Learn more before tonight right here.

 

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