Categories: Stock Market
Topics: Alternative Investments

Recession Indicators Are Making More Noise

Since last week: 

Recession indicators are making more noise and inflation is still proving to be resilient. 

1. Car Repos Going Up?

It’s looking to be a boom year for the repossession industry as inflation and the rising cost of living eat away at earnings. The industry for repossessing cars, trucks and boats is worth $1.7 billion but insiders see that number going up over the next year. It’s another sign that tougher times could be ahead and that you need to prepare your finances accordingly. 

2. More Shootings

Another week, another series of shootings reported. The gun violence epidemic in the US rightfully has parents concerned. A recent poll showed that 77% of parents surveyed worry about gun violence and how it affects their children. They’re equally frustrated about how politicized the debate has become. This creates an environment where companies creating technologies preventing mass shootings can thrive. One such company is doing just that as it brings its tech to America for the first time. 

3. Finland’s Nuclear Milestone

The Olkiluoto 3 reactor, a 1,600-megawatt capacity nuclear reactor, has connected to Finland’s national power grid and begun regular output. It’s now Europe’s most powerful reactor and could serve as a sign of things to come across the continent. This is good news for uranium miners who will be providing fuel for this reactor and others like it as they come online. The profits they’ll experience will be unlike any other. 

4. Will Coinbase Leave the US?

Coinbase CEO Brian Armstrong has warned that the exchange could pull out of operations in the US if regulators don’t clarify their approach to cryptocurrencies. Coinbase is the largest exchange in the US by trading volume, so this is something investors should be paying attention to. Developments like this shape the future of the sector and investors need to stay up to date with them. 

What to Look For:

Recent layoffs at Buzzfeed, Meta and others, along with looming layoffs at Disney show that things still have further to fall.

Ryan Stancil
Editor, Daily Profit Cycle