23 min listen
Can the Government's CPI Numbers be Trusted? - David Stryzewski #5972
Can the Government's CPI Numbers be Trusted? - David Stryzewski #5972
ratings:
Length:
20 minutes
Released:
Dec 20, 2023
Format:
Podcast episode
Description
Kerry Lutz and David Stryzewski discussed the flaws of the Consumer Price Index (CPI) and how it fails to accurately measure inflation. They also predicted that inflation is going to continue to rise due to higher wages and benefits leading to higher prices. They cautioned against putting too much weight into CPI numbers and recognizing that they have not gone down. Additionally, they discussed the potential for a recession in 2024 due to weak consumer spending, high credit card debt, unaffordable housing, and loss of full-time jobs. They also mentioned global economic issues, such as Germany and Japan being in recession, Canada facing a housing recession, and China being in massive trouble. Finally, they discussed specific investment strategies, including allocating to commodities, gold and silver, oil producers, and international plays, and advised caution when investing in bonds. Find David here: myspg.com Find Kerry here: FSN
Released:
Dec 20, 2023
Format:
Podcast episode
Titles in the series (100)
Inflationary/Deflationary Investing with Dennis Tubbergen #5792: Kerry Lutz and Dennis Tubbergen discussed the upcoming recession and the implications of the Fed's actions. They concluded that the trend of inflation will likely lead to a deflationary collapse, and that people should prepare for both inflationary... by Kerry Lutz's--Financial Survival Network