Oct 12, 2022
Summary:
Job numbers appear to be strong; are they a lagging indicator or a
leading indicator? Edward Siddell, CEO of EGSI Financial, comes on
the show to warn us of the recession we are in. Rather than moving
towards recovery, we are approaching a tough year; we will probably
see one more rate raise in March of 2023, and other subsequent
shifts. Tune in for more information on what’s to come.
Highlights:
-Edward’s firm is at the forefront of retirement planning
-Rather than approaching recovery, Edward says we are in a
recession
-2023 is going to be a tough year—we’ll probably see one more raise
in March
-No one wants to take the risk calling Powell’s bluff
-The worse the economy gets, the faster the pivot downward is going
to go
-We’re not going to see changes until the dollar weakens
-Is this recession going to be similar to or different from all the
others? Time will tell
-Be cautiously optimistic
-We’re seeing a raise to liquidity
- The Fed doesn’t have much other choice than to print money
Useful Links:
Financial Survival Network
EGSI Financial