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IMF panicking, global debt is getting out of hand and there is no event people will know that debt destroyed the economic system. D's are trying to push the shutdown to cause an economic event to blame on Trump. Jamie Dimon predicts a market crash. Trump's new parallel economic system is about to take off,  Trump's says gas prices will go below $2 a gallon. The D's are trapped, the shutdown is not working the way they thought. The people are on the side of Trump and team. Schiff projects on how the insurrection might start. Are they planning a [FF]? Trump has now trapped the D's/[DS] with peace. Trump is shutting down their endless wars. He is weakening the [DS]. Leverage is the key.

 

Economy

IMF issues global debt warning

Global public debt will exceed the size of the world economy within five years, IMF chief Kristalina Georgieva warned on Wednesday, calling the trend a “sobering reality” for policymakers worldwide.

Public debt refers to the total debt held by governments, businesses, and households. Georgieva said the surge in borrowing is driven by fiscal deficits, pandemic legacies, and rising interest costs in both advanced and emerging economies.

 Source: rt.com

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Consumer Sentiment Cracking Amid Gov't Shutdown; 17% Of Americans Delay Major Purchases, Survey

  Redfin conducted a survey last Friday - just several days into the shutdown - that found 17% of respondents are delaying major purchases, such as a home or vehicle, because of the political turmoil in Washington, D.C.

Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown, according to a new Redfin survey. Another 7% are canceling plans for a major purchase altogether. The majority of Americans (65%) said the government shutdown has no impact on their purchasing plans.

 

Source: zerohedge.com

JPMorgan’s Jamie Dimon warns of potential stock market correction

Jamie Dimon, chief executive of JPMorgan Chase & Co., has sounded the alarm for financial professionals and investors, warning that the stock market may be overdue for a correction.

Dimon’s remarks, made in an interview with the BBC during a visit to the UK, reflected his growing unease about the durability of the current bull market.

The banker, whose views are closely watched by financial professionals, said there is a “30% chance of a correction,” citing a confluence of risks facing the economy and markets. “I’m far more worried than others,” Dimon said, underscoring his concerns about persistent inflation, rising interest rates, and geopolitical instability.

Source:  investmentnews.com 

IRS to Furlough Nearly Half Its Staff in Shutdown Week 2

The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS operations are closed, the agency said in a separate letter to its workers.

Source: newsmax.com

https://twitter.com/KobeissiLetter/status/1976343261556908094

Political/Rights