CONSUMER SPENDING WILL LEAD US IN THE NEXT MARKET MELTDOWN

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This episode focuses on the looming recession and the current economic landscape. Cortez predicts a significant stock market downturn, potentially a 20% drop by year-end, aligning with views from financial institutions like JPMorgan Chase and its CEO, Jamie Dimon. Cortez also discusses the recent Federal Reserve decision to keep interest rates unchanged. He criticizes the government's inflation reporting, particularly the Consumer Price Index (CPI), which he believes underreports actual inflation rates, especially in sectors like food, energy, and housing. Cortez emphasizes that the real inflation rates are much higher than the government reports suggest. Throughout the episode, Cortez urges viewers to be cautious and proactive in their financial decisions, highlighting the importance of being informed and having a plan in place to navigate the impending economic downturn. He also criticizes mainstream media outlets for their coverage of economic issues, suggesting they might not be providing accurate or unbiased information.