Many negative expectations over the past year, unfortunately, becoming reality including: severe recession or worse, continuation of inflation, increasing unemployment, worsening commercial and residential real estate issues, likelihood of lower and lower dollar, job creation issues including future robotics, and complicated by global military threats and U.S. instability. This is not a pretty picture and could actually become much worse than expected in this podcast as job growth is not only seriously threatened but so is price stability. Considerations for personal/family financial protection are discussed.
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Many negative expectations over the past year, unfortunately, becoming reality including: severe recession or worse, continuation of inflation, increasing unemployment, worsening commercial and residential real estate issues, likelihood of lower and lower dollar, job creation issues including future robotics, and complicated by global military threats and U.S. instability. This is not a pretty picture and could actually become much worse than expected in this podcast as job growth is not only seriously threatened but so is price stability. Considerations for personal/family financial protection are discussed.
Ep. 125 - The U.S. in the Eye of the Global Hurricane
UCLA Extension Business Insights
20 minutes 37 seconds
1 year ago
Ep. 125 - The U.S. in the Eye of the Global Hurricane
Most of the leading Western countries going into or well into recessions while Russia and China organize BRICS+ against the dollar and economic leadership.
The implications of chronic under-reporting U.S. employment and inflation in the context of increasing long term interest rates and out of control federal spending. Stay tuned for the outcome later this month of the Russia hosted BRICS+ summit including China's plan for settlements of global trade outside of the dollar systems. Prepare for China and Russia export controls on uranium and rare earth materials impacting not only electric power generation but production of telecommunications, transportation, and military equipment.
UCLA Extension Business Insights
Many negative expectations over the past year, unfortunately, becoming reality including: severe recession or worse, continuation of inflation, increasing unemployment, worsening commercial and residential real estate issues, likelihood of lower and lower dollar, job creation issues including future robotics, and complicated by global military threats and U.S. instability. This is not a pretty picture and could actually become much worse than expected in this podcast as job growth is not only seriously threatened but so is price stability. Considerations for personal/family financial protection are discussed.