Episode 428: Seven Ways You Can Financially Prepare for a Recession

Newt's World

Gingrich 360

News, Politics

4.7 • 6.3K Ratings

🗓️ 30 June 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inflation is eating away at wage increases, the Dow is down 18% for the year so far, the Fed just raised interest rates three quarters of a point and gas is over $5 a gallon. Are we headed towards a recession? Newt’s guest is Michelle Singletary. She discusses her recent column, “Seven Ways You Can Financially Prepare for a Recession”. She writes the nationally syndicated personal finance column, “The Color of Money” which appears in The Washington Post on Wednesdays and Sundays.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Have you ever wondered what the media and Big Tech is hiding from you?
0:03.8	Like massive stories that actually affect you in your life that they don't want you to see
0:08.0	because they make the left and the Biden administration look bad.
0:11.2	Well now there's a podcast dedicated to exposing all of that each and every day.
0:15.6	So download the fastest growing podcast in the conservative movement,
0:19.4	the Ben Ferguson Show podcast right now.
0:22.4	That's right, you can listen to Ben Ferguson Show podcast on iHeartRadio app, Apple Podcasts or wherever you get your podcast.
0:29.0	Download it right now.
0:31.0	Hi, this is Newt.
0:32.0	Did you know that you can listen to my Newt's World podcast on the iHeart app?
0:36.0	The team at iHeart has created several new features on the app I wanted to share with you.
0:41.0	You can now auto download new episodes of Newt's World to your device and also get notified when new episodes are published.
0:49.0	All you have to do is download the free iHeart app from the app store and you can start listing my Newt's World podcast from anywhere.
0:57.0	iHeart discover music, radio and podcast you'll love.
1:04.0	On this episode of Newt's World, inflation is eating away at wage increases.
1:12.0	The Dow is down 18% for the year so far.
1:15.0	The Fed just raised interest rates 3-quarters of a point and gas is over $5 a gallon.
1:21.0	And the real question is, are we headed towards a recession?
1:24.0	On me depressed Larry Summers who served as Secretary of Treasury under President Clinton said we are headed towards a recession.
1:31.0	All economic forecasts have uncertainty.
1:35.0	My best guess is that a recession is ahead.
1:39.0	I base that on the fact that we haven't had a situation like the present with inflation above four and unemployment below four without a recession following within a year or two.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Gingrich 360, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Gingrich 360 and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.