Is the US Economy Slowing Down?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 23 December 2020
⏱️ 14 minutes
🧾️ Download transcript
Summary
Learn why there are signs the economy is slowing down and what it portends for the housing market.
Spending on big ticket items like housing is slowing, but what does that mean for stocks in Q1 2021?
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 817. If y'all know what I mean put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of bad |
| 0:16.0 | eh, eh, eh, time |
| 0:18.0 | I'm gonna live the good life |
| 0:21.0 | and beautiful and financial freedom without budgets, boredom or bosses on |
| 0:31.6 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor. |
| 0:42.0 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.8 | On today's show, we're going to explore is the U.S. economy slowing down because recently information came out regarding the |
| 0:55.8 | consumer confidence numbers and they had significantly stumbled. |
| 1:00.5 | Now the reason why we always talk about following consumer confidence is because |
| 1:07.1 | 70% of the U.S. economy is based on the consumer. |
| 1:12.3 | So it's the consumer spending, it's how confident they are about |
| 1:15.7 | buying big ticket items, whether they have plans to go on vacation. Obviously though, a lot of |
| 1:21.0 | us are locked down right now, so that's not even an option. |
| 1:24.0 | So there's a lot of things going on behind the scenes and the housing market is starting to cool off a bit too. |
| 1:30.0 | So we're going to talk about what we're seeing in the economy and what might be happening a little bit |
| 1:36.3 | foreshadowing what's coming. This article comes to us from Reuters and it says U. Confidence Stumbles COVID-19 sapping |
| 1:46.8 | Economic Momentum and it was written by Lucia Muticani and it says |
| 1:52.3 | US Consumer Conf confidence dropped for a second straight month in December as a deterioration |
| 1:58.2 | in the labor market amid renewed business restrictions to slow the raging pandemic offset the rolling out of a vaccine |
| 2:05.6 | for COVID-19. The decline in confidence to a four-month low reported by the |
... |
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