UK "Biggest squeeze on living standards in 60 years"

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What is going to happen next?

The Worst of All Worlds

forecast that inflation will hit 13% by the end. They further forecast that the UK economy would slide into a 15 month recession later this year with GDP shrinking 2%.

What a surprise!

You create massive monetary inflation, raise taxes, increase regulation and then epect prices to remain the same. What planet are these guys on?

But now they are trying to undo the damage of their profligate fiscal and monetary policies. Now comes the global recession. Give the Bank of England credit for acknowledging the obvious. The US Fed and the ECB apparently don't think there will be a recession.

Here's what is going to happen.


I agree with the BOE. They have tough times ahead in the UK. But we will see even worse problems in Europe but they will start later in the coming year. The US is already in a recession and the recession won't bottom until perhaps 2Q2023.

So how do we make money from this?


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Right now the stock market and other speculative investments are rallying in a feeble manner. Normally, stock prices go sideways in a midterm election year then drop sharply starting near the end of August. Makes sense to me.

So that means we might make a bit more money on the long side with selected stocks but the big money will be made in a month when the bear market reasserts itself and drops sharply.

So I am largely in a waiting mode. Yes, I have some stocks on right now. I'm fortunately making a little money.

But I look for the next big move to the downside so I'm putting together a list of stocks to short.

Some areas I am looking at:

  • Homebuilders
  • Foreign stocks
  • Weak balance sheets
  • Junk bonds
  • Zombie companies

That list will keep me busy and hopefully very profitable!

Go to WSW2021.com to learn more about my weekly video newsletter, Wall Street Winners. Not in it's 27th year!

Words To Live By

How to Consciously Design Your Ideal Future

by Benjamin P. Hardy and Thought Catalog

The world owes you nothing. Life isn't meant to be fair. However, the world has also given you everything you need. The truth is, you have every advantage in the world to succeed. And by believing this in your bones, you'll feel an enormous weight of responsibility to yourself and the world. You've been put in a perfect position to succeed. Everything in the universe has brought you to this point so you can now shine and change the world. The world is your oyster. Your natural state is to thrive. All you have to do is show up.

Courtney Comment: Hey, I just thought that we needed a little positive energy. Newspapers are filled with doom and gloom but the world is actually a beneficent place!

Where to get more Courtney!

Youtube: Freebee Wall Street Winners

Podcast: The Courtney Smith Show

Substack: courtneysmith.substack.com

Medium: Courtney Smith – Medium

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