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. 139 - Enduring Global Trends: Inflation, Unemployment, and a Divided World
UCLA Extension Business Insights
24 minutes 51 seconds
5 months ago
Ep. 139 - Enduring Global Trends: Inflation, Unemployment, and a Divided World
The major trends which will not change this year or next regardless of new trade deals and Congressional programs: lower dollar, higher inflation, higher unemployment, higher gold prices and, importantly, a U.S. vs. BRICS+ divided world.
The most recent data continues to demonstrate a weakening employment picture in the context of another round of high inflation and deteriorating real estate prices for both commercial and residential. All in all, the blend of many more home foreclosures hitting the market, little or no new full time job creation, higher consumer prices, and the continuing need to finance new and rollover government debt will keep the overall economy from growing. Add to this the serious economic downturns in China, Japan, and Western Europe we have a most volatile year or more ahead with little to start any new recovery. Regardless of individual listener political leanings, the good news is that the present administration seems to be making headway in improving relationships with the countries that hold vast amounts of dollars as well as needed natural resources. I'll take whatever we can get during this historically unsettled global economic period.
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.
