Sep 1, 2023
Kerry Lutz and Eddie Siddell discussed the recent GDP print of 2.1% and its impact on the Fed's monetary policy. Eddie Siddell believes that the Fed will raise rates by 25 basis points and maybe one more, even though it's lagging. The discussion also touched on the impact of the upcoming election on the Fed's decision-making process. Eddie Siddell expressed concern about the debt at all-time record highs across the board, including credit card debt, revolving debt, and student loans.
They also discussed the impact of rising costs on everyday Americans and how to prepare for the "silent recession." Eddie suggested hedging bets with risk-off investments like treasury bonds and precious metals, while Kerry asked how individuals can personally prepare for the inevitable economic downturn. They also discussed specific sectors that may be good plays, such as utilities and healthcare. Overall, the conversation provided practical advice for individuals looking to weather the economic storm.
Find Eddie at: https://egsifinancial.com/
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