Pinnacle Capital Advisory, LLC. (PCA)
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Macro Economic Report.
PCA, LLC, September 23, 2024 Monday
Urgent Report
On September 18, 2024, the Federal Open Market Committee (FOMC) announced its decision to lower interest rates by 50 basis points at 2 pm on Monday. The new policy rate is within the range of 4.75% to 5.0%. This downward pivot, along with the yield curve reinversion, has historically indicated an upcoming recession since 1950.
Despite Washington's claims that inflation is decreasing, the federal CPI number is not reflective of the true inflation rate in the USA, which is believed to be around 20% or higher.
Globally, there are significant concerns. In the Middle East, Israel and Lebanon (Hezbollah) are on the brink of an all-out 2 front war, prompting the order for all Americans to leave the region as soon as possible.
Additionally, Ukraine is seeking approval to use the British long-range Storm Shadow missile to target Russia. As of today, the UK has been given the green light. Putin has warned that any involvement of UK personnel in aiding Ukrainians to fire these missiles into Russia would be considered an act of war, prompting a response from Russia. The UK's wealthy citizens seeing this concern are increasingly leaving the country because they don’t want to be in harm's way if Russia retaliates against the UK.
There are fears that these regions may escalate into full-scale war, potentially involving nuclear weapons.
Gold and silver prices are reaching all-time highs, and the BRICS nations are moving away from the US dollar as the global reserve currency.
The FBI director and CIA have testified before Congress that there are imminent threats of attacks on the USA from within the country. The most pressing issues according to a poll are the border crisis followed by inflation. There are concerns that an invasion by gangs that crossed the border is taking over apartment buildings and harassing Americans, prompting the cities to call in the National Guard in some areas.
Finally, there have been two assassination attempts on President Trump's life, and there are fears of potential future attempts.
Joseph Allen, the General Partner of PCA
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