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The wealth effect that has propelled homeowners to feel richer and spend more is now showing signs of reversing, according to research done by Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. What's next for the economy then? Sign up for an IRA with ITrust today using this link: https://itrust.capital/David Earn 5.1% APY on your cash and get up to 15 free stocks with Moomoo: https://j.moomoo.com/00C2rl You’re being watched RIGHT NOW and the only way to stop it is by using a VPN. Avoid hacks and protect your privacy before it’s too late! NordVPN offers 65% Off on a 2-year plan +4 extra months! Try it for 30 days or GET YOUR CASH BACK! https://nordvpn.com/davidlin *This video was recorded on November 22, 2023 FOLLOW MIKE MCGLONE: Twitter (@mikemcglone11): / mikemcglone11 LinkedIn: / mike-mcglone-a8442513 FOLLOW DAVID LIN: Twitter (@davidlin_TV): / davidlin_tv TikTok (@davidlin_TV): / davidlin_tv Instagram (@davidlin_TV): / davidlin_tv For business inquiries, reach me at [email protected] *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 2:00 - Coming deflation 6:38 - Reverse wealth effect 10:29 - Stock market outlook 16:00 - Unemployment rate 17:45 - Retail sales 23:00 - Recession outlook 24:00 - Bond yields 27:38 - Dollar 29:30 - Bitcoin #investing #stocks #economy