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The U.S. Economy Is On the Brink of Disaster

Mark B. Spiegel of Stanphyl Capital has sounded the alarm in his latest investor letter. He warns that the U.S. economy is finally cracking under immense pressure, with major retailers reporting negative sales and GDP growth stalling. Spiegel, a well-known Wall Street iconoclast, predicts a hard economic landing fueled by sticky inflation and massive federal deficits, preventing the Federal Reserve from mitigating the fallout. He believes the stock market is dangerously disconnected from reality and that a severe recession is imminent. Don't get caught off guard—read more to prepare for the economic storm ahead. Read More

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Jobless Claims in the U.S. Surge to 10-Month High

he number of Americans filing for unemployment benefits has skyrocketed to its highest level in 10 months, reaching 242,000, a stark warning that the labor market is unraveling under the strain of high interest rates. This surge, the largest since August 2023, could signal the beginning of a broader economic downturn.

Continuing claims also spiked to 1.82 million, highlighting a troubling trend of increasing unemployment. Experts warn that this data could pressure the Federal Reserve to reconsider its rate-hike strategy, potentially paving the way for rate cuts later this year.

With high-paying jobs disappearing and the unemployment rate creeping up to 4%, the stability of the job market is increasingly in question. The Federal Reserve's battle against inflation might not be enough to stave off a recession. The warning signs are clear—prepare for a potentially catastrophic economic fallout. Read Now.