WTF | JUST Found the Fed's Secret Report! They're LYING!

this is it boys and girls

i don't even think life insurance is

going to help us at this point

federal reserve bank of new york just

told us

it's coming

it's coming

take a look at this folks this is nasty

oh man

this is the

new york fed's

model for economic growth

they do want to make this uh very clear

that this is not an official fed

forecast but uh

let's be real that's how they break the

ice to you they break the ice with their

researchers saying

uh

this is what's about to happen

and then a couple months later jpow's

like oh by the way our researchers think

this is what's going to happen

yeah well

what is it kevin what is it

no it's not a coupon for 50 off on the

programs of building your wealth which

the best time to do that is during your

recession link down below but no it's

this right here

[Laughter]

all right here we are you ready for this

the model they have a fancy model

the model's outlook is considerably more

pessimistic than it was

in march remember when we had that like

little three-week rally yeah now much

more pessimistic

it projects the model projects that

inflation shall remain elevated

in 2022 at 3.8 percent that is up a full

percentage point relative to their last

estimate that they conducted in march so

in other words things have gotten

worse

okay and as a result this disinflation

path

is accompanied by a not so soft landing

holy crap they're literally telling you

that j pal's wrong

jfi's wrong we're gonna have a hard

landing in fact their model predicts

quote mostly

negative gdp

in

both

2022

and in 2023

okay

take a look at this according to the

model the probability

of a soft landing defined as a four

quarter gdp growth staying positive over

the next 10 quarters

is only about 10

so the odds of us having the next 10

quarters be positive in terms of gdp is

only

10

we've already had one negative quarter

q1 right so now they're saying the next

10 quarters will we have one more

quarter negative

yeah

only about a 10 chance that we don't

conversely oh here we go the chances of

a hard landing folks

much like what occurred during the 1990

recession is

eighty percent

not even fate or flexible average

inflation targeting is going to help us

with this one here folks you can see

their forecast comparison in march they

thought oh we'll be fine in 2022 we'll

have growth of 0.9 percent yup nope now

they're saying in 2022 we'll probably

have negative point six percent growth

in 2023 we'll probably have negative

point five percent growth this folks

right here two years

of negative

gdp

that folks is a hard freaking landing

now i know i know how hard it is in this

market not to be frustrated about

feeling like you're throwing money into

a freaking fire pit like you just want

to take your cash and sit on the side

and do nothing until the fed officially

u-turns possibly not a terrible idea

possibly not a terrible idea nobody

knows whether that's waiting for that

moment is the right idea or not

historically that has been the right

idea

so there's one train of thought that

says what should you do well one train

of thought is sit in cash and do nothing

just wait for the fed to u-turn

the second train of thought is take some

of your cash and some of your money

and leave the cash and take the money

that the other half that you have and

throw it into the stock market and

increase the quantity of shares you have

during a recession because if you ever

like in 50 years and you're i don't know

maybe you're 60 70 80 90 100 i don't

know what you're gonna be in 50 years

you look back

and you're sitting in a bull market 50

years from now you look back and go

damn i'm glad i bought those shares of

companies that i knew wouldn't go

bankrupt 50 years ago in that shitty ass

two-year recession boy it was painful

but i paid my dues and now i'm

vacationing all the time if you have

that thesis maybe maybe this is the time

where you're buying with 50 of your cash

or you're taking the third option and

you're being full ape because you don't

need the money and you're literally

buying

everything you've got that is you're

throwing all your cash in the market now

obviously you should keep enough cash to

survive like if you have a car that

breaks down or whatever you should be

able to survive right like make sure

that that you're you've got enough to

survive but that is one training thought

and the other train of thought is that

the stock market is most likely to

bottom out

well before the real estate market

some properties and i see these

anecdotes in the comments some

properties are still getting multiple

offers

i know that too i just put a property on

too i got multiple offers but i also

vastly under-priced it compared to what

i thought i could get so there's usually

a lot more color that you need to add

when it comes to real estate

you know we're like i'm still getting

multiple offers okay well what what were

the comps at and what did you price it

at right like what are the details folks

everything's in the deets

uh and you know then i get comments too

people are like oh it's so easy just buy

a fixer when when they're foreclosures

and like prices are lower in real estate

it's not that easy i think it's

relatively easy to buy real estate make

a lot of money but you need to know the

tricks you either need a really good

realtor who knows how to invest and is

looking out for your best interest and

you trust wholeheartedly with all of

your money or you need something like

seriously

somebody who is all for you making as

much money as possible like the programs

linked down below on building worlds i

would not pitch them if i did not think

you would not make more money from them

i think these are an investment and they

will make you a lot of money the lowest

proposed partnership we have alone will

pay for the courses my expectation

depending on how much obviously you shop

at lowe's but like learn from the

mistakes that i've made in going through

a bus

and then the bull and now possibly

heading into a bust again like you learn

about the real estate cycle this is this

is coming it's coming it's like plants

for zombies they're coming

use the coupon link down below before

next friday because the price will be

going up again that's because we're

adding some sick lectures this month

stay tuned thanks bye oh and for those

of you that are still here i think it's

worth you checking out my twitter or

tick tock because i just posted a

picture or it's actually a short little

video of joe biden demonstrating to us

what a softish landing might look like

it's him on a bike and unfortunately he

comes to a slow

and then he he falls he falls off the

bike let me you know what why not just

for giggles because you're still here

you're cool person watching to the end

here here it is here he comes coming in

for the uh the slow down

and then the

collapse

reportedly he says i'm okay so it's all

good you know this is not this is

youtube youtube ad gods this is not

violence

this is this is not dramatic

this is just our president falling off a

bike as he had already stopped and of

course there's a high likelihood of you

falling off a bike when you come to a

stop

good luck on the soft landing everyone

bye

you