 Recession-Proof Stocks (Picks Inside)Well, it's official... The U.S. is in a recession. Hate to say I told you so. But what is a recession, anyway? Here's the official definition from the dictionary before it gets rewritten: two consecutive quarters of negative GDP growth. Don't let anyone tell you otherwise. But for some reason, the White House refuses to admit we're in a recession, even though that's what the data told us last week. Biden gave a speech from the White House last Thursday after the report came out indicating two quarters of negative GDP growth and said, "That doesn't sound like a recession to me." And then story after story came out from the mainstream media trying to ignore the commonly accepted definition. Morningstar wrote this headline: "If the Q2 GDP Report Is Negative This Week, Is It Really a Recession?" New York Times economist Paul Krugman wrote, "Many news reports [are] saying we've entered a 'technical recession' — which doesn't exist." The Twitter response to all this was downright hilarious. Entrepreneur David Sacks wrote, "A lot of people are wondering about the definition of recession. A recession is defined as two consecutive quarters of negative GDP growth if a Republican is president. The definition is far more complicated and unknowable if a Democrat is president." I don't want to get too political in these pages, but it's hard not to point out this folly. The current administration will never admit that it caused a recession. The #1 Company to Jump-Start a New Era of Nuclear Power There's a brand-new type of fuel that's about to usher in the next generation of nuclear energy... And the demand for it is HUGE. Because an entire fleet of smaller, safer, and cleaner nuclear reactors are coming online right now... And they can't operate without this specific fuel, which is the only kind potent enough to power our electric grid 24/7... The U.S. government granted one company the ONLY license to produce it here in America... Read more about the sole U.S. company producing this fuel right now. Here's a convoluted definition on the term from the White House's website...
Don't like the definition of something? Just change the definition. It's classic Orwellian doublespeak. Treasury Secretary Janet Yellen calls the recession a "transition." According to The Associated Press, she said last weekend, "We've got a very strong labor market. This is not an economy that's in recession." She continued to downplay the accepted measurement of a recession, saying the economy is in "a period of transition in which growth is slowing" and that the slowdown is "necessary and appropriate." Just because you have a strong labor market at the moment doesn't mean it'll stay that way. Just wait until the third quarter. Things could get ugly. She got it so unbelievably wrong on inflation that no one is listening anymore. The true problem here is that the people whose only job it is to prevent runaway inflation and a recession aren't very good at their job. Instead of taking ownership for their failures and admitting the truth, they childishly refuse. Luckily for us investors, we can largely brush a lot of this off and keep finding the best ways to play the current environment. You'll Kick Yourself if You Miss out on This... A few years ago, one of our top analysts, Christian DeHaemer, told me to buy Bitcoin. I didn't do it. And I'm still kicking myself, because I could have made a 2,528% gain on his recommendation. Now he's been tracking a major technology breakthrough that's about to unleash a $350 billion wave of wealth. He predicts people who get in early have a shot at colossal gains. Don't make the same mistake I did and miss out... Click here to get the full story on this revolutionary tech right now. Recession-Proof StocksI've been pounding the table about high-dividend-paying stocks and exchange-traded funds (ETFs) for more than a year. Here are some of my favorites...
While the rest of the world struggles with inflation and a recession, you could be printing more money than the Fed every month. You can thank me later. Dude, Where's My Retirement?At the end of the day, many judge a recession purely based on how their 401(k)s are performing. And it's no secret they aren't doing so hot. If you're afraid to check your accounts, it might be time for a retirement wake-up call. That's why my colleague Alex Koyfman is spreading the love and teaching his readers how to take back control of their retirement. Click here to grab his retirement blueprint today. Stay free, Alexander Boulden After Alexander's passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. Check out his editor's page here. |
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