Yeah, we are on the brink of a major collapse... nowhere near on the verge of recovery... The Fed signaling 6 rate cutes in the next 12 months is NOT a sign of recovery.
Our own internal data shows massive declines in online retailer sales datas and many of our clients are cutting jobs left and right. A few of our closer clients shared that their Black Friday/Cyber Monday sales were down around 30% year over year. They had more transactions but average order dollar amount was about 40% lower.
I only read 3, not sure where you got 6 rate cuts in 2024:
The Federal Reserve on Wednesday paused its interest-rate hike campaign for the third straight time amid growing evidence that high inflation is subsiding.
www.foxbusiness.com
Retail sales still up, maybe not as great, but not like it even dropped/declined. I'd be cautious when one has their own bias due to their own mindset. Fed rates being at 5-6% (right now) is recent historically high so a rate cut isn't doom/gloom IMO. If people are doing so bad, no one would eat out or take any trips at all.
Retailers were fearful that inflation would deter consumers from spending money.
www.yahoo.com
As for vehicle pricing, it's still all supply demand. If there is too much, Tesla will keep cutting prices. This isn't a case where Tesla will destroy the cars like luxury bags, etc. or, as most manufacturers, they will just stop making them, cut production lines.
"Personally, more than 50% of our assets are cash, gold and silver... physical."
This is also concerning. If you have $$ in the game, I don't think/trust that the views are unbiased as an economic collapse would benefit you being in cash/gold/physical. Stock market at like all time highs right now honestly. My non-advice is don't trust internet commentary from random users on a forum, any forum.
I don't buy the Chinese EVs coming here quickly neither. Tariffs alone will stop them from being price competitive probably, not to mention general US people hate for China. I think the Chinese brands from some video I saw (yeah, some opinions) are actually worried about the Korean EV brands.
Not even Asian Americans like China:
A Pew Research Center survey of more than 7,000 Asian Americans found most see their ancestral homelands favorably -- except for Chinese Americans.
www.usatoday.com