There are two kinds of Americas.
- An America experiencing more prosperity than ever and one enslaved by debt.
- An America that continues to dominate the global economy as the rest of the world plays catch up and one that has given up on the idea of a better future.
- One that encourages you to chase your dreams and one that mocks your failure.
You have the power to decide which America you live in, but first, you must take extreme ownership of your financial future and not just accept what analysts say.
For example:
Goldman Sachs recently reduced the odds for a U.S. recession next year to 15%:
“We strongly disagree with the notion that the ‘long and variable lags’ of monetary policy will push the economy toward recession,” says Jan Hatzius, Goldman Sach’s Chief Economist. “In fact, we think the drag from monetary policy tightening will continue to diminish before vanishing entirely by early 2024.”
On the one hand, that’s a dramatic reduction from the recession many financial experts and clickbait “journalists” swore the Federal Reserve would inevitably drag us into.
But before you say Powell was right, and the aggressive rate hikes (which made life difficult for businesses) worked as planned, consider the other half of the story.
- Total household debt recently hit a new record in the second quarter of 2023, hitting $17.06 trillion. Delinquent credit card debt alone is above $1 trillion.
- And worse, your interest payments are increasing — not least because the Fed keeps increasing the benchmark interest rate as it tightens monetary policy.
In other words, things will get worse for folks battling debt before they get better.
Some will prosper, and some will suffer.
But ultimately, the choices you make determine which side you end up.
One trading instrument that has done well for us in this market is a little-known fossil-fuel ETF offering low-risk, high-reward setups relative to oil demand.
It helped traders like Rob grow his account from $1,500 to $32,700 in less than six months… Put Patti in a position where she routinely averages $1,360 every three trades… And is helping Trevino make an additional $1,760 during “long weekends.”
I could go on with more success stories from independent traders like yourself.
But I share these few to show you that compounding seemingly small wins every week is how you grow your money in a high-interest-rate environment.
If you want to see how we build profitable positions in the fossil fuel ETF I mentioned above, we have a free training that shows you how it works from A to Z.
Watch it here, and feel free to reach out with any questions.