301: Will You Escape From A Depression? Inflation vs. Deflation with Richard Duncan
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 13 July 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
Stocks, real estate, gold, oil, inflation rate, and interest rate valuations are all updated after the first half of the year.
Housing Wire tells us rents are up in: Memphis, St. Louis, Greensboro, Jacksonville, Columbus, Tampa, Cleveland, Kansas City, and Virginia Beach. I discuss where they fell.
San Francisco rents just plunged 12%.
Macroeconomist Richard Duncan of MacroWatch joins us to discuss depression chances, and inflation vs. deflation.
For a 50% subscription discount on Richard's MacroWatch video newsletter, use Discount Code "GRE" at: RichardDuncanEconomics.com.
Fed intervention has prevented a COVID-induced economic depression (so far). We will need more to prevent depression.
Hordes of dollars can be created by the U.S. because dollars are not tied to gold. Many Americans still don't understand this.
Recent currency creation has not caused high inflation. The Fed usually hit below their 2% inflation target.
Could consumer price deflation create asset inflation? Yes.
I describe deflation vs. inflation as a "tug of war".
Deflationary tugs: globalization, technology.
Inflationary tugs: currency creation.
Bottom line: Be invested in something that pays you five ways like real estate.
Resources mentioned:
Richard Duncan's MacroWatch newsletter:
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. An update on markets. Then we're joined by a macroeconomist that helps you make the complex simple. Is an economic depression possible and what's going to win out monetary inflation or deflation today on Get Rich Education? |
| 0:31.9 | Fortunately for you, Congress has made it possible to get up to $200,000 out of your current 401k or TSP to invest in real estate or your own business, and that's even if you're still working. |
| 0:35.9 | The thing is, you can get all this money tax free. |
| 0:40.1 | The EQRP is your secret weapon. With the CARES Act expiring soon, the EQRP is your secret weapon with the CARES Act expiring soon the EQRP company helps you unleash your retirement funds now learn more in |
| 0:44.8 | text message QRP in all capital letters to 72,000 you're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:00.0 | This is Get Rich Education. |
| 1:03.0 | Music Welcome to Get Rich Education. I'm your host Keith Winehold another week where you are back |
| 1:20.7 | doing the right thing before you do things right. Now I don't think I'm too much of an I |
| 1:27.2 | told you so type of guy, but for a long |
| 1:30.1 | time, I've told you that there will not be a V-shaped economic recovery. And for a long time, |
| 1:36.6 | I've outlined those parts of America where the rent amounts are most resilient. And I really |
| 1:43.5 | only have real estate provider guests on the show |
| 1:47.0 | that tend to represent those more resilient markets. |
| 1:49.8 | Well, we're going to discuss what's happening with rental amounts nationally in a bit. |
| 1:53.8 | But first, every quarter or two, I whip around the major asset classes here with some numbers. |
| 1:59.3 | So let's bring you up to date. |
| 2:01.2 | Since we recently closed out the first half of the year, national real estate prices were up |
| 2:06.4 | 5%. Now, that's from May of last year to May of this year, the latest figures that there are. |
| 2:12.9 | Now, most of the rest of this is for the first half of the year. Most market watchers, they view the S&P 500 as the broadest |
| 2:21.9 | and therefore the most worthwhile stock market indicator. |
| 2:25.4 | You may not have known that it comprises about 80% of the available market cap of U.S. stocks, |
| 2:33.0 | and the S&P 500 was down 5.5% the first half of this year, |
... |
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