Predicting Our Economic Future

This week, Doug and Greg discuss the confusing state of today’s economy, their predictions for economic growth and recovery years down the line, how the Feds can successfully avoid an economic recession, which parts of today’s inflation might stick around, and what you can control financially in a time of mass financial uncertainty.

Key Takeaways

[00:22] - What Greg’s thoughts are on Lisbon, Portugal vs. Madrid living. [03:55] - Are we in a recession or not? [08:31] - What the economy may look like one year from today. [13:24] - How to translate recent earnings reports.

Quotes

[04:45] - “The economy and the markets are two distinct things. The economy might be in a situation where it’s in a recession but the markets typically are forward-looking.” ~ Greg Stokes

[15:20] - “If [the Feds] can somehow figure out a way to have a soft landing, which is what they’re trying to do by slowing down the economy, slowing down spending without causing a recession, I think that would be a pretty admirable result.” ~ Greg Stokes