Georgios Papadimitriou @Isbelle: "Hello investors, let’s check out..."

Greece

Hello investors, let’s check out what is currently happening! Real estate is very much in danger going forward. But why is that since the supply is low and since there is historically low unemployment in the US at the moment? The major indices are down more than -20% since the start of 2022. A large percentage of homeowners as well as the baby boomers which are pretty much all retiring are watching their bond and stock portfolios decline in value every month. The fact that home prices are starting to fall in this environment puts more and more pressure on homeowners to think about selling but with mortgage rates that have gone sky high they have to settle for selling at an even lower price and that is how the downward spiral starts. Also, what happens if the supply is low but demand is falling at a faster pace? You guessed it. What happens when unemployment starts to rise (which is actually what the Fed is trying to do in order to bring down inflation)? There’s too much talk about the “Fed’s pivot” and how or when that will happen. The problem is the yield curve has inverted as most of us have been projecting. Also, we are experiencing the first signs of an inflection point in the labor market as more and more people start to fear losing their jobs with prices rising and no signs of inflation going away and as even big corporations and companies like $GOOG (Alphabet) are starting to hire fewer and fewer workers. Europe is in a recession mainly due to energy shortages, in China lower growth is expected due to the property market and investors are speculating whether the Fed will hike rates by 50 bps so we can have our little rally and call the pivot or whether they’re doing 75 bps again. Pretty. I will not be anticipating for the pivot or sit on the sidelines waiting for it. I will definitely be late to the party as markets are forward looking. I am just going to follow my conviction on what is going to play out next and keep on planning and adjusting. - $GOLD $SILVER

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