I've been waiting for a US recession for a while. Now finally it looks like US consumers will be hit with a three punch.
1) Gas Prices
2) Heating costs (heating oil + natural gas is way up)
3) Increased credit card payments (minimum payment increases)
Sprott thinks this will lead to a decline in housing prices in the US. (Raising interest rates etc)
Investment strategy?
Short RV companies
Short consumer companies (eg Walmart )
Short S&P Retail index (already down 10% recently)
Short fast food companies