Feb 28, 2023
Summary:
Does the government want to solve the inflation problem, or do they
need it to stay this way for a bit? Eddy Gifford comes on the show
to discuss this topic, and points out the contradictory effects in
place. Powell has stated that their primary goal is to fix
inflation, but interest rates keep going up. This means that the
stock market could roll over and push up the cost of housing—which
is one of the primary indicators in the CPI. Interest rates are
ultimately defeating ht purpose of what they’re trying to
accomplish, and thus, it’s important to protect yourself during
this time. Eddy recommends having a proactive investment strategy
and paying off debts. In addition, investors should look towards
treasuries and annuities to prioritize liquidity in particular.
Tune in for more expert insight.
Useful Links:
Financial Survival Network
Tactive Wealth - Eddy Gifford