📰 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. [17:13] And this week’s financial planning topic is Don’t Give Up the Ship, How to Maintain Course During Stormy Economic Conditions. ⛵

💸 [0:52] The first headline, “Consumers Have Powered Through the Pandemic and Inflation… Until Now”, is an article that explores how U.S. consumers were able to power through two and a half years of pandemic and now decades high inflation due to reduced costs early in the pandemic and historic government stimulus, but not any longer as inflation has eaten into their spending power and a recession looms on the horizon.

🏙️ [5:30] The second headline, “The Microchip Era is Giving Way to the Megachip Age”, discusses how the microchip industry is innovating new ways to combine a stack of microchips, much like a modern skyscraper, in order to advance processing power to make our gadgets faster and more efficient.

📉 [12:10] Our final headline, “If This is a Recession We Might Not Know for Months” is a deep dive into the National Bureau of Economic Research’s criteria for a recession and why even if we are currently in one we might not know for months.

Hope you enjoy it!