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Tuesday, August 6, 2024

US and the rest of the world entering into recession territory?

It is more fun criticizing
Amazon for instance fell by 13% in one day and erased a lot in Jeff Bezos wealth
 
Nikkei and Dax markets fell. Weaknesses in the economy showing through the stock market -  low job creation, high unemployment. very high interest payments for massive US $35 trillion debt

It was mentioned that Buffet was unloading lots of stocks.  He mentioned that US market is overvalued by 40%.  He has cashed out to be ready for bargain hunting during the crash.