Transcribed

Pivot, Pivot, Pivot - The Fed Has No Choice -- David Wright #5909

Sep 28, 2023 · 16m 46s
Pivot, Pivot, Pivot - The Fed Has No Choice -- David Wright #5909
Description

Kerry Lutz and David Wright discussed the recent decision by the Fed to not raise interest rates and its potential impact on the economy. They talked about concerns regarding the...

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Kerry Lutz and David Wright discussed the recent decision by the Fed to not raise interest rates and its potential impact on the economy. They talked about concerns regarding the banking and financial sector, inflation, and the impact of rising gas prices. Wright suggested that shrinking the balance sheet is the best way to regulate inflation, rather than raising rates, and predicted that rate decreases could occur in September 2024. They also discussed the impact of the UAW strike and the potential for increased unemployment and demand destruction. Additionally, they discussed tips for investing and saving in uncertain times, with Wright advising investors to focus on the purpose of their money and suggesting short-duration securities, treasuries, and bond-like instruments for income and stability. He also cautioned against chasing high dividends and warned that rate hikes can cut profits. Visit David at: https://WrightFinancialGroup.com Visit FSN at: https://FinancialSurvivalNetwork.com  
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Author Kerry Lutz
Organization Kerry Lutz
Website -
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