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The Clark Howard Podcast

12.05.23 The 2024 Economy / Delivery Drones

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 5 December 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Now is the time to Save More. Clark makes economic predictions based on global indicators, with advice for timing saving and spending to get the most from your money. Also in this episode, a long promised technology is finally being tested - Amazon drone deliveries. 2024 Deflation: Segment 1 Ask Clark: Segment 2 Delivery Drones: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Right Now Is a Bad Time to Spend Money China Is Making Too Much Stuff—and Other Countries Are Worried Has Your Emergency Savings Stash Grown? It Might Be Time For A Reality Check How To Create a Safe Password Telly's free TV could shake up the entertainment business Treasury: Series I bond rate is 5.27% through April 2024 NYTimes.com: Look, Up in the Sky! It’s a Can of Soup! How To Spot and Avoid Gift Card Scams The National Foundation for Credit Counseling Home - Elliott Report Clark’s Christmas Kids Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:17.0

It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve you with knowledge and information that empowers you to make better financial decisions in your life. In today's episode, I want to tell you about key indicators that say that if you've been saving up money to buy stuff, you will

0:27.0

be rewarded for waiting a bit longer.

0:30.7

I'm also going to talk about an example of technology that I started talking about when the first

0:38.3

tests were taking place 10 years ago, 10 years ago, and is finally actually possibly maybe could be starting to happen just a little bit.

0:52.0

That's deliveries by drone. Wow things take a lot longer and don't work out exactly like the futurists expect. But this is a prediction of the future that you can take to the credit union.

1:05.0

So we have an oversupply of manufacturing capacity in the world,

1:13.9

not just in Asia.

1:14.8

I mean, we pretty much do for consumer goods

1:18.2

all over the place.

1:20.1

We have an excess capacity now of cargo ships, trucks, you know, trucking companies are complaining

1:28.8

their volume has fallen.

1:31.3

That was, somebody came up recently with FedEx that the volume of packages they're moving is falling and a lot of truckers over the road trucking companies have gone insolvent. I mean we are in a time

1:45.7

where we went from if you go back 2021 into 22 we had not enough capacity. I don't know if you remember this is the kind of thing that's

1:57.0

really not a consumer story particularly, but when the ports along the U. the US coastlines could not process the cargo coming in.

2:08.0

There was so much cargo coming in that ships were lined up out at sea for long periods of time and there was a big backlog

2:16.8

getting them onto trains getting them on the trucks the whole thing.

2:20.7

It was crazy like the pictures of the ports. I remember

2:23.6

wasn't that wild? Savannah Georgia had. I mean it was

2:26.6

ships just everywhere you could see everywhere you looked. You saw all these cargo

2:30.9

ships just sitting out at sea for some cases more than a

2:35.2

month waiting to unload all that was then we're in a whole different mode now so

2:42.2

when you look at the pipeline and the

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