RUSSIA DUMPS US BONDS, BANKS DOWNGRADED

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Carlos Cortez focuses on recent economic developments and their implications for the U.S. economy and investments. Cortez highlights that Russia has been gradually selling off U.S. bonds since 2022, which could potentially impact the strength of the U.S. dollar. He also points out that Moody's has recently downgraded several U.S. regional banks due to their significant exposure to commercial real estate loans, which are under increasing pressure due to higher interest rates. Cortez argues that these developments, along with other economic indicators like the death cross on the SPDR S&P Regional Banking ETF (KRE), signal a potential crash in the U.S. economy. He criticizes the mainstream media for lagging behind in reporting these trends and emphasizes the importance of proactive decision-making based on accurate information. Cortez also mentions the negative impact of inflation on the purchasing power of Gen Zers, who are struggling to afford homes and other necessities despite rising wages. Overall, the episode paints a bleak picture of the U.S. economy and advises listeners to prepare for an impending crash.