221: GDP Growth Slows – Recession Ahead?

Be Wealthy Podcast CoverLearn key economic signs to follow.

For the election, GDP grew over 3%.

FED raised interest rates, now GDP is 1.9%, markedly lower.

Where do we go from here?

FED wants to raise rates 3 times next year.

Housing prices are in a bubble – inventory is at a 17 year low!

Housing moves in an 18 year cycle.

Trump has policies to grow the economy, jobs, cut regulations and cut excess spending. Will have massive stimulus from infrastructure spending and the wall.

Taxes being massively cut.

The spending + reduced taxes will help GDP but growth must happen, so we need job creation badly.

The FED controls interest rates. If they continue to increase rates, that’s a strong headwind against the economy.

There’s a battle happening here!

We’ll watch and see what happens.

Financial freedom can be yours…

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About Linda

Host of the “Be Wealthy & Smart” podcast on iTunes. Linda received a bronze 2014 Stevie® as “Maverick of the Year” for financial education by the American Business Awards. A millionaire at age 38 and widowed at age 45, Linda uses her vast financial experience and knowledge to empower women and men worldwide to financial freedom. She is the only financial expert who teaches to start with a wealthy mindset before learning the twin pillars of wealth building: investing like billionaires and creating a luxury brand business.

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