Hello everyone, this is the July 2024 Seer Report and it is a big one.
The big picture topic this week covers the growing trend of Financial Nihilism, then I cover the short term economic indicators, cover what the election cycle means for financial markets, give an update on Bitcoin and Cryptocurrency, European and Chinese economic problems, a brief update on gold, and finish with an optimistic view of the future of the United States.
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Alright…. On with the report.
According to Prashant Gopal of Bloomberg:
“Owning a house is less affordable for average earners in the US than at anytime in 17 years.