Episode 7: Unemployment Hits Record Lows: What's Next for the Strong US Economy?

We are at a 3.8% unemployment rate. 12 of our 50 states in December have had the lowest unemployment rate ever. We have over 11 million job openings. The economy is strong. With the Russian invasion of Ukraine, there is a heightened sense of inflation. There's a sense that unexpected inflation may be worse than we think.Could the ripple effect of Russia affect us? Russia is the 11th largest GDP nation in the world, a G20 nation, the ripple effect is large and there's a contagion.People are talking about a recession. We know that earnings will slow down. We know that inflation is going to hurt companies. It's certainly hurting our pocketbooks.Quantitative easing ended. The tapering was over. A lot of factors coming into play will bring some more certainty. So keep pressing forward.There's only $3 trillion of money in the market, but there's $50 trillion of credit in the market. Housing starts were strong. The economy's strong right now. We basically have a 1.9% Fed funds rate. 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