221: GDP Growth Slows - Recession Ahead?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 28 January 2017
⏱️ 6 minutes
🧾️ Download transcript
Summary
Learn key economic signs to follow.
For the election, GDP grew over 3%.
FED raised interest rates, now GDP is 1.9%, markedly lower.
Where do we go from here?
FED wants to raise rates 3 times next year.
Housing prices are in a bubble - inventory is at a 17 year low!
Housing moves in an 18 year cycle.
Trump has policies to grow the economy, jobs, cut regulations and cut excess spending. Will have massive stimulus from infrastructure spending and the wall.
Taxes being massively cut.
The spending + reduced taxes will help GDP but growth must happen, so we need job creation badly.
The FED controls interest rates. If they continue to increase rates, that's a strong headwind against the economy.
There's a battle happening here!
We'll watch and see what happens.
Transcript
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| 0:00.0 | Be wealthy and smart, episode 221. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:07.0 | Rich life. |
| 0:08.0 | So, then best life. |
| 0:10.0 | Yes, life. |
| 0:11.0 | So if y'all know what I mean, put your hands up and declare with me |
| 0:14.5 | Yeah, I'm full of bad time I'm gonna live a good good life |
| 0:21.4 | I'm gonna live a good life |
| 0:22.4 | a beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:31.1 | bosses on Be Wealth wealthy and smart. And now here's your host |
| 0:36.3 | Linda P Jones. Welcome to be wealthy and smart I'm Linda P Jones America's |
| 0:41.9 | wealth mentor. Empowering Women and Men Worldwide to Financial Freedom. |
| 0:47.0 | On today's show, we're going to talk about the GDP growth number that came out today. |
| 0:52.0 | Does that mean a recessions ahead and is this a new trend or |
| 0:56.0 | what's happening here? Well it was very interesting to watch that during the election |
| 1:02.3 | or right before the election it was announced that our gross domestic |
| 1:06.8 | product in the US grew over 3%. That's a pretty good growth rate and the best that we had had in many many years. |
| 1:16.0 | Of course it conveniently happened right before the election, which is a whole other story. |
| 1:22.0 | But what's interesting is after the election, |
| 1:24.8 | the Fed did raise rates another 25 basis points, |
| 1:28.6 | or 0.25 percent, for the second time and so now in from the bottom we've had two interest rate hikes |
| 1:38.7 | totaling a half a percent. Now today the gross domestic product number came out and it's 1.9 percent |
... |
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