
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [21:23] And this week’s financial planning topic is There Should Be No “Financial Emergencies”. ⚠️
💥 [0:47] The first headline, “Cooling Demand for Goods Threatens to Turn Pandemic Boom into Bust”, is an article that explores how the pandemic boom for some manufacturers like chip makers and other electronics could turn to bust after inventory surplus and changing consumer purchasing habits in addition to inflation eating into spending power.
📱 [7:34] The second headline, “Worried About Personal Data Leaks? Here’s How to Lock Down Your Phone”, discusses how to make sure your smartphone is secure and not unknowingly sharing your personal data with your apps or advertisers.
📉 [11:12] Our final headline, “If the U.S. is in a Recession, It’s a Very Strange One” is a deep dive into the economic standing in the U.S. and a look back at previous economic downturns to see how our current economic troubles compare to the previous 12 recessions since the end of World War II.
Hope you enjoy it!