EPISODE · Aug 1, 2022 · 14 MIN

Recession Ahead - Dee Carter #5571

from Financial Survival Network · host Kerry Lutz

Summary: The Fed rate hike is expected shortly, and we’re anticipating and increase of 75-100 basis points. How much of an impact will this have on you and your retirement? I chat with Dee Carter, the President of Carter Financial Group, and he shares his knowledge on what is coming in terms of rate increases and the recession we’re experiencing. The most important thing to do right now is put your money in a place where you can take advantage of the downside when the market moves back up again. Listen in for more tips on how to prepare for the future. Highlights: -We’re experiencing a dichotomy: there are some things that indicate a strong recession, but on the flip-side, there are earnings that are up a bit -All of the numbers point to the fact that we need to tighten up a bit -How long will al of this last? A lot will be determined by what happens in the November election -Once we get past the election, we will see a change in the final quarter. But it could be nine months to a year until we get out of the recession we’re in -It doesn’t look like we’ll see rate decreases in the third quarter -Interest rates are going up, which means you’ll pay more for your home -Nationwide, we could see real estate dropping as much as 10% across the country -Demand is going down a bit, but supply is still down -If you’re considering an electric vehicle, Florida is a great place for EVs. But this isn’t a convenient option everywhere -Put your money in a place where you can take advantage of the downside when the market moves back up again Useful Links: Financial Survival Network Carter Financial