A no landing economy?

Big news coming from the Fed on Friday

Morning Market Download from Invincible Money

Personal finance + economics + markets

Staying on top of the markets, economics and the global issues that affect your money takes a lot of time and effort. We distill it down to a quick 5 minute read to help you make better money decisions.

Revenge is a dish best served...by consumersMore and more people are getting revenge on companies who don't provide the products and services as promised. A survey called the "National Customer Rage Survey" (ok, that's a thing apparently) conducted by Arizona State University found that 74% of people had experienced problems with a product or service. The interesting part is that 9% said they pester customer service or shame companies online to settle the score. That number is triple from 3 years ago.

Big Week for the FedThe Fed has said many times that they're keep raising rates to slow down the economy until unemployment numbers and wage increases reverse. However, lately those numbers just keep getting better, so all eyes are on those numbers Friday to see which way the Fed will go. Good numbers are bad because it means the economy isn't slowing, which is bad for inflation and the Fed will need to continue to raise rates.

In 1 year we've gone from 0% to 4.5%-4.75%

Blame Millennials and Gen ZThis age group gets blamed for everything - killing industries such as department stores, fast food, and even the diamond industry, being lazy and addicted to technology. In this case, however, it seems to be true. They keep spending, which is strengthening the economy and contributing to inflation.

“If they have money, they’ve shown us they’re going to spend it,” said Shannon Seery, vice president and economist for Wells Fargo.

No Landing?For months financial analysts have been debating whether or not we're in a recession and if and when we may have one and if so, if we'll have a hard landing or a soft one. Now, word on the street is talk of a "no landing."

That would mean the economy continues to grow while the unemployment rate stays low and inflation somehow goes back to the two per cent target and stays there. It doesn't seem likely as it's never happened before, but no on really know what's next.

Be a Better Investor

"The four most dangerous words in investing are: 'this time it's different.'"

- Sir John Templeton

Investor SpotlightRay Dalio, founder of Bridgewater Associates, is known for his macro investing style, where he takes positions based on macroeconomic trends and global events. He's got an incredible 30 minute video where he walks though how the economic system works and how it's changing.

He says, in the video "you’ll get the gist of what drives the “Big Cycle” of rise and decline of nations through time and where we now are in that cycle...and I will show you how the big cycle worked across the last 500 years of history—and what the current world leading power, the United States, needs to do to remain strong."

Ray Dalio's video "Principles for Dealing with a Changing World" discusses the need for individuals and organizations to have a set of principles to navigate through uncertain times. He suggests that we should embrace reality and learn from our mistakes to evolve and grow. Additionally, he emphasizes the importance of radical transparency and thoughtful disagreement to create an environment where everyone can share their opinions without fear of retribution. Finally, Dalio suggests that we need to be flexible and adaptable in our approach, constantly reassessing and refining our principles as the world changes.

It's a fascinating video if you want to understand economics and history.

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Thanks for reading,

Trajan King


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