Top Economist Issues NEW WARNING

Income & Prosperity Investing Research
by 

A top economist issued a severe warning the other day…

American families could soon max out their credit cards and be hung out to dry.

James Knightley is ING’s chief international economist.

Knightley says that American consumers are living a lifestyle their bank accounts fail to support.

“The question is, how sustainable this is?” Knightley writes.

It’s unsustainable.

 Consider this:

  • The unemployment rate rose in August
  • The official inflation rate, at 3.3%, erodes purchasing power
  • Personal income inched ahead only 0.2% in July
  • The savings rate has dropped to a low 3.5%

No wonder credit card debt this year recently hit $1 trillion for the first time EVER.

It’s true that credit card debt has nothing to do with inflation. Credit card debt is about living beyond your means.

And families who continue to accumulate debt and live beyond their means might soon get slammed with a NO when asking for more.  

In Knighley’s words:

“With banks far more reluctant to provide unsecured consumer credit, based on the Federal Reserve’s Senior Loan Officer Opinion survey, the clear threat is that many struggling households may soon find their credit cards are being maxed out and they can’t obtain more credit. With student loan repayments restarting, we expect consumer spending to slow meaningfully from late fourth quarter onwards and turn negative in early 2024.”

You’ll discover income strategies that the wealthy use that most investors have never considered — despite these strategies being accessible to all.

Shadow Funds are one strategy.

These are niche investments most investors overlook that wealthy investors have used for years. 

The attraction is understandable. Shadow Funds are income machines.  

The typical ETF might yield 2% or 3%. 

Many Shadow Funds pay distributions that yield 10% or more – most pay their distributions monthly.

Good Fortunes,

Steve Mauzy

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