Economic Truth that Matters - What's Unfolding Right in Front of Us
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 4 March 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
- Car Repos: With a staggering 20.4% increase nationwide, we only see the tip of the iceberg. The question is, what lies beneath?
- Buy Now, Pay Later: A booming trend with a 51% increase in business. But at what cost to the consumer psyche and financial health?
- Auto Repair and Payday Loans: Costs are soaring, but is anyone paying attention to the long-term effects on the average Joe?
- From Luxury Watches to Pawn Shops: A shift in spending tells more about our economy's direction than any report could.
- The Rise of Discount Stores and the Evolution of Consumer Behavior:As certain sectors see growth, what does this say about our priorities and financial stability?
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast. |
| 0:02.7 | Let's get right into this episode. |
| 0:04.7 | Welcome to the Ken McRoy Show. |
| 0:06.2 | I'm your host, Danielle, here with Ken. |
| 0:07.9 | What's up? |
| 0:08.9 | So you can look at the government data as much as you guys want about whether the economy is or is not in a recession. |
| 0:16.3 | But what really matters is what you see right in front of your eyes. |
| 0:19.6 | So today we're going to go through |
| 0:21.1 | data that it's just factual. You can take it for what it's worth, but it'll show whether or not we think |
| 0:27.5 | we're in or going into a recession. |
| 0:29.1 | Yeah, obviously we did have some research here. So I'm sure you guys have some great examples as well, |
| 0:34.6 | but I'll tell you what. There's inflation rates and then there's shadow stats. |
| 0:40.2 | And I always bounce back and forth between the two. |
| 0:42.4 | But there's almost a 4% number there. |
| 0:45.5 | Shadow stats is almost 8%. |
| 0:47.7 | We, you know, you guys all know, what are some of the basics, rent car payment food gas that kind of stuff well |
| 0:56.1 | if you take a look at food prices you know people are upset because um you know let's say a meals more |
| 1:03.1 | i don't know it seems like everything is now a $50 to $100 bill now just to go to a restaurant |
| 1:10.0 | absolutely yeah i definitely have inflation, you know. |
| 1:13.0 | And then so the first thing we were kind of looking at when we were going over this was |
| 1:17.2 | car repos. |
| 1:18.1 | So car repos are a great indicator of where the economy is at. |
... |
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