Episode 5: The Interconnected World: Understanding How Russia's Actions Influence Interest Rates

We are an interconnected global economy. And whether we like it or not, Russia is part of that society. They're part of the UN Security Council. They are a major global force, as it relates at least to oil and gas. And so there will be repercussions. But for now, the flight to safety has created lower interest rates.And for housing, that's a good thing. It helps with affordability. We saw the ten-year touch around 2% and it kind of hovered around there for a couple of trading sessions. It came down to like 1.82% or 1.84%. So this trend of slowing growth, will the US economy go into a recession? Obviously, the Russian economy is going into, potentially a recession.We need liquidity in the system. When money is set aside, when businesses save, when businesses hoard or businesses feel like the taxes are going to be raised, and they have to set money aside or capital requirements are raised, that's less money exchanging hands and thus there's less velocity and that's not good for the economy. The velocity of money slows down and so does our economy. And that's how you end up sometimes in a recession. Stay up-to-date on all the latest news, updates, and exclusive content by following us on all of our social media accounts! https://linktr.ee/kptalksdollarsandsense#KPTalks