Have you noticed how… weird our economy is?
In fact, I don’t think it’s going too far out on a limb to say that it’s one of the most surreal economies in US history.
It seems like everything is upside down…
Inflation is up…
Yet, people are making more money in the markets than ever before.
We have 7 million jobs available…
But no workers to fill them.
We have home and used car prices going through the roof…
But yet, even though we have fewer workers, we have more people buying things.
It’s weird…
It’s as if Rod Serling himself has come back from the dead for one last episode of The Twilight Zone and named it – The 2022 Economy…
Let’s take a closer look, shall we?
Are there any Twilight Zone fans out there?
As a fan of all things scary and weird – the Gorilla was a big fan of Rod Serling’s masterpiece of a thrill ride.
“You are about to enter another dimension…a dimension not only of sight and sound but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone…”
Those words and the iconic music that followed are part of the lexicon of American television, and the show’s lasting legacy proves why it still holds weight with each generation that is born.
As most of you know, each show took a ride into the fantastic. Sometimes the stories were scary, sometimes slightly humorous, but all were thought-provoking–and each and every one of them was a departure from the reality we know.
My favorite episode was the one with Burgess Meredith, entitled “Time Enough At Last,” in which bookworm Henry finally gets what he wants: a nuclear blast to take all the distractions out of his life so he can just read the books that he loves so much…
However, like with all of Serling’s stories, there’s a twist at the end that makes you wonder if Henry TRULY got what he wanted.
If you’ve never seen it, I highly suggest watching it…
If not for the entertainment factor, then at the very least, the surrealness of the story will prepare you for the economy we’re all experiencing right now.
Have you looked around lately?
It’s a weird, weird financial world we’re living in.
Inflation is exploding globally, prices across the board are climbing faster than they have in 40 years, and the pandemic woes are still wreaking havoc on the supply chain.
BUT…
At the same time, people are making more money than EVER before in the stock market, retail spending is almost pacing said exploding inflation, and the housing market is stronger than it’s ever been!
Seriously, the housing market is so strong that the bubble a lot of investors are waiting to pop may wind up holding strong for years still. 2021 saw $3.9 trillion made in the housing market, and as we head into 2022, analysts are already projecting a $1.7 trillion purchase market.
WHAT THE HECK IS GOING ON?!?!
These factors shouldn’t coexist! Some of them work in opposition to each other.
Yet, here we are, living in a world where jobs are everywhere, workers are not, and you can’t buy a used car for a reasonable price because the market is out of control!
In fact, the US Department of Labor recently revealed that used car prices are up nearly 40% from last year.
That FOUR ZERO…like I said, is out of control.
Now, keep in mind that new car prices are only up 12% and it doesn’t make sense why ANYBODY would buy used.
It’s absolutely bonkers out there…
But the real question is how long will it last.
Many are saying that this weird economy will be brought to a screeching halt when the Fed starts raising interst rates…but I’ve got to tell you, I’m not convinced that’s the case.
At least not right away.
People are enjoying the momentum way too much for a little interest rate hike to get them off the train. The ride is way too much fun for that.
It may take a second or even third rate hike for people to start buckling down and taking the economy more seriously.
And if you’re wondering how to take advantage of that momentum – let GorillaTrades show you some opportunities that you may not have heard about yet.
Our recommendations come only from analyzing data – no “gut feelings,” hunches or speculation – we only use numbers and data to back up our picks.
It’s why we’ve become one of the most trusted names on the internet…
But we get if you’d rather blaze your own path – we’re cut from that cloth – but if you ever feel you need a little boost, you know where to find us.
Otherwise… enjoy the ride.
It’ll come to a stop soon enough, so we might as well ride the wheels off.
“Someplace between apathy and anarchy is the stance of the thinking human being; he does embrace a cause, he does take a position, and can’t allow it to become business as usual. Humanity is our business.” – Rod Serling