Happy Days Are Here, but for How Long? - Ed Siddell #5700

Summary: We’re halfway through the first month of 2023 and consumer sentiment is better than expected. Will the January effect continue, and are good times here to stay? Edward Siddell comes on the show to talk about this, and is unsurprised by consumer sentiment given everything else going on. With rising inflation comes a subsequent rise in credit, meaning that people’s spending ability was unaffected during the holiday season. Nonetheless, we should brace ourselves for the inevitable—which will entail a bad earning season and many jobs lost, according to Edward. We should expect another round of quantitative easing, as well as a recession of unknown depths in the near future. Tune in to find out more. Useful Links: Financial Survival Network EGSI Financial