Watch Out—An Economic Firestorm Is Beginning To Form: Steve Forbes

Did my grocery bill just jump 10%? Feels like I'm working harder for the same amount of stuff. I'm sick of finding ways to stretch my budget furthe. this inflation thing has flattened my wallet already.

The news media are currently being inundated with economic meltdown news. It takes a lot to look past the sea of ​​headlines and focus on what's important: No matter how low stock prices fall, they keep rising. I completely ignore all news and continue to invest. I recently set aside $40,000 to invest in the market as we anticipate a collapse. Do you have any suggestions?

Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the economy. Economic fatigue is showing with most folks. Most are so tired of hearing about the worse even though it's true. My $200,000 share holdings are down 17%

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

Firestorm? More like a shitstorm.

What is funny is we the people did not do this. If I took the company credit card and did this there would be hell to pay....

Thank you Steve, I've been around for 73 years and I feel you're certainly one of the most credible economic analysts in America.

The question is: what are we supposed to do about it?

Everything is fine and if you say otherwise youll be investigated and jailed. FJB

I don’t think the worst had been yet to happen.

You know it’s bad when Forbes is talking about it.

I'm travelling in Japan right now. Everything is so inexpensive. Dinner last night, $4. Budget hotels about 1/2-1/3 of US and with far better breakfast often included.

So, basically, something bad is going to happen sometime in the future. Wow, thank you for that great pearl of wisdom.

How can I safeguard my investment portfolio of around $2M in stocks amidst the economic firestorm? What's the most effective strategy to reallocate funds in my portfolio to hedge against downturns?

Today I learned Steve Forbes is still alive

Thank you mr. Forbes great insight and information

The hard pill to swallow is that there is nothing we can do about this. The people that are making money legally or not are going to keep making money whether it hurts us or not they could care less.