This Is What "ALWAYS" Happens Before A Recession
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 29 April 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
Ken and Danille McElroy dive deep into today’s confusing economic signals—from luxury spending and rising debt to silent layoffs and AI automation. In this episode, they unpack whether we’re heading toward stagflation, why the middle class is getting squeezed, and what you can do to stay ahead of the chaos.
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Visit Ken's Bookstore: https://kenmcelroy.com/bookstore
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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 | The economy is sending a lot of mixed signals right now. You have the stock market and |
| 0:06.8 | crypto down and now back up. You have Walmart lowering prices to attract squeezed customers. |
| 0:13.8 | And, you know, you have a line out the door at Starbucks every morning. So what is hype and what's |
| 0:19.2 | happening in the real economy? Yeah, I'm telling you, |
| 0:22.3 | it's confusing right now. I mean, I just watched a video this weekend about, you know, |
| 0:28.2 | how badly has Trump damaged the dollar, right? Like, see, that's a real concern. You know, |
| 0:34.0 | now we have these countries that, I think, I don't think people, we can |
| 0:38.8 | underestimate the, the safe haven of the U.S. dollar, right? And so we have that as well. And, of course, |
| 0:46.6 | the tariffs, we need a bit of those. Oh, absolutely. You know, I think it's interesting, you know, |
| 0:52.9 | that we have these contradictory consumer behaviors, you know. |
| 0:57.0 | You have Walmart lowering prices, yet you have people, you know, you and I went to a restaurant, |
| 1:02.9 | two restaurants this weekend, Friday and Saturday night. You know, we couldn't get reservations |
| 1:07.0 | into either one days before. We had to call the people we knew to get us in. And, |
| 1:12.7 | you know, that's not a recessionary economy. Sometimes I wonder if we're just in a little bit of a |
| 1:18.1 | bubble, you know, like, you know what I mean? Like Scottsdale is, I was just in Miami last week |
| 1:24.6 | for a YPO conference. And, you know, however, however you know you take a look at what's |
| 1:31.6 | going on that South Beach that area is down so the real estate's down there's there's |
| 1:38.0 | lots of restaurants I was eating with a bunch of locals and they said there's a lot of |
| 1:42.9 | restaurants that have gone out |
| 1:44.2 | of business. So, you know, we are seeing what we're seeing here. But I think the consumer is getting |
| 1:53.2 | whacked personally. And it certainly is showing up. There's a lot of kind of silent layoffs |
| 2:00.4 | happening right now. And by the way, |
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