087: Inflation, Deflation and Overspending: What's Next?

The more things change, the more they stay the same. We’re still dealing with high inflation and interest rates and the silent recession continues with the average household still feeling the pinch at the grocery stores and gas pumps. And now, the Federal Government says that we’re in a deflationary period while adding $1 trillion to the national debt every quarter. Which begs the question: What’s next? In today’s episode, we discuss the importance of being disciplined with your spending and sticking to your budget. We’ll also explain why interest rate drops that may be on the horizon might actually limit your ability to borrow money to cover your expenses in the future. In this podcast interview, you’ll learn: How quantitative easing works and the US dollar and the national debt is no longer backed by gold. How decreasing the Federal balance sheet will impact the average American and their businesses ability to borrow funds. Why interest rate drops will have a negative effect on inflation. The importance of budgeting your money with the current interest rate environment. How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com