Pinned
Yes, the news is true: I have left Wealthion
To hear why & what comes next, plus ask me any questions you have, read my new post at:
Adam Taggart
22.5K posts
Adam Taggart
@adamtaggart
Founder & host of Thoughtful Money®
Media inquires: [email protected]
Tweets are *not* financial advice
- Best performing asset over the coming year = keeping your job
- Mortgage rates spiked from 3% to >7%. That should've sent home prices down, but it hasn't BUT then the cost of insurance, property taxes & maintenance surged, too. These should also reduce home prices What's the compelling argument that prices WON'T ultimately adjust downwards?
- A friend of mine works at a large US furniture manufacturer/retailer He says customer demand has fallen off a cliff. The worst slump he's seen in his decades-long career. Just another statistic from the trenches that the American consumer is struggling more than we're told...
- Imagine losing your job b/c your dying start up has its working capital stuck at SVB So you’ll have to put your $2mil SF house up for sale at a 35% loss b/c you can’t make the mortgage payment Will you rent at $6k/mo or move out-of-state? There are folks dealing with this now
- At sunrise this morning, my mother Priscilla rejoined the cosmos. Her brother Bill, who was with her then, says it seemed as if right when the sun first touched her face, that was when she saw the light at the end of the tunnel beckon and said "I'm taking it" Her end was
- We must admit this is not some inexplicable phenomenon This is the result of policy For many decades, through deficit spending & moneyprinting, we have been borrowing prosperity from the future to the benefit of seniors + the already-rich This is the predictable resultYoung people are not ok.
- Wow.... this really shocked me (pleasantly) YouTube views, past 30 days - Yahoo! Finance: 10.5mil - Bloomberg: 8.8mil - Economist: 6.2mil - Forbes: 5.3mil - Wealthion: 3.9mil Wealthion's scrappy 2-man operation is achieving 40-75% of what the top finance brands are doing
- Why I'm worried about housing: - 5%+ mortgages mathematically will pull prices down - Recession ahead (per yield curve inversion) - Lots of new inventory set to release in popular markets - Rising costs of living - Financial market correction risk A perfect storm may be brewing
- Thanks so much for all the kind wishes so many of you have been sending for my father I’m sad to report Howard Taggart passed away yesterday Fair winds & following seas, Dad
- Whoa -- Polymarket now suddenly predicting a Trump sweep of *every* swing state AND a Republican sweep of Congress
- Umm, about that "strong economy"... 37% of US small businesses, which between them employ almost half of all Americans working in the private sector, were unable to pay their rent in full in October
- OK: I'm going to touch a 3rd rail here & do my best to keep this non-partisan Honest question: what's the defensible rationale for America's current nearly-open border policy? If there is one, I haven't heard it clearly explained to the US public. A rationale that *could
