According to Grant Cardone, a global recession will occur before the 2024 presidential election.
Before the 2024 presidential election, a global recession is projected to occur. In this recession, the economy is going to be severely affected, and here’s how it’s going to affect you!
In the years leading up to the presidential election in the United States in 2024, there is a growing possibility of a global recession. Economic downturns are usually the result of decreased demand, but supply issues can also play a role. Considering the current state of affairs, it’s not surprising that a worldwide recession is imminent.
Nevertheless, what does this mean for you, the common man or woman? My recommendation is the following:
Keep an eye on your finances
Russia has invaded Ukraine if you’ve been paying attention to the news. Given that countries and firms from around the world are pulling products from Russian shelves, this problem has become global in scope.
As a result, here’s what I recommend: Cash should never be stored amid a global catastrophe. When there are no winners in a battle, tangible assets are the only ones to benefit.
Keep a close eye on your money.
It’s now or never invest in a cash-flow-producing asset like real estate, which will offer you a steady stream of income while also protecting your portfolio. It’s critical to have a solid financial base to fall back on in unpredictable times.
Despite the Fed’s best efforts, I believe interest rates will not be raised. However, I don’t believe there will be more than 4-6 rate rises this year, and I don’t see how that can be achieved without the economy collapsing and interest rates skyrocketing. Real assets always outperform in times of rising inflation.
In the current market, there are billions of dollars invested in real estate… the essential economic premise of supply and demand has remained unchanged recently, the value of the real estate has skyrocketed… I bet this has happened somewhere near you.
You know this if you’ve been listening to me for the past seven years, and have invested in me… Despite the fact that gas prices have risen, your investment in me has grown substantially as a result of this inflation.
You need to know the following about Ukraine and Russia.
In the end, Ukraine will be under Russian authority. Although it may be difficult for some to comprehend, there is a slight probability that Ukraine will be freed from Russian domination at this time. Putin has a keen eye for the big picture. He’s already invested so much in this invasion that it’s unlikely he’ll ever relinquish control of Ukraine.
Listen… don’t put money on Putin losing. He’s a savvy politician who always has a strategy in place. Avoid wagering against him, as you’ll almost certainly lose.
An additional difficult truth to face is that sanctions will not stop the spread of armored vehicles and ballistic missiles. Vladimir Putin is not going to be stopped by sanctions, even if they disrupt some economic deals and make it difficult for Russian enterprises to conduct business abroad.
As he has already demonstrated, he is willing to put Russia’s economy in jeopardy in order to seize control of Ukrainian territory.
Take care of your cash, keep a watch on your assets, and identify ways to turn your portfolio into a genuine asset that will benefit from the rising cost of goods and services as a result of inflation.
