Dec 14, 2022
Summary:
The stock market may be going up, but we’re worried about the Fed
making a misstep. Dave Scranton comes on the show to unpack the
current interest rate situation, explaining why they shot up
sporadically and what needs to happen going forward. Ultimately,
the Fed started this process too late and reacted too drastically,
resulting in an undesirable outcome for everyone. Dave suggests
that we need congressional support, with business friendly and pro
supply chain policies to properly manage inflation. Tune in for
more insight, and for expert advice on how to protect your finances
in the meantime.
Highlights:
-They’re not getting a lot of legislative help in regard to
managing inflation, and their only available tool is raising
rates
-What will happen if the Fed arises 75 basis points? The markets
will react negatively, because we’re starting to see inflation
getting more tame. Ultimately, the Fed started late and reacted too
drastically
-We need Congressional support. With inflation, we can squash down
demand, but this could kill the economy before it kills
inflation
-This situation requires smart policies coming out of D.C. that are
business friendly and pro supply chain
-Dave likes to focus on what we can control within our personal
finances. Plan for everything up until the catastrophic worst
-Evaluate what you can do/provide that people actually need
-The only way to protect yourself is to put your money into things
that generate enough money and dividends so that you are not
worried about daily principal fluctuations
Useful Links:
Financial Survival Network
Sound Income Group