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Can the Government's CPI Numbers be Trusted? - David Stryzewski  #5972

Can the Government's CPI Numbers be Trusted? - David Stryzewski #5972

FromKerry Lutz's--Financial Survival Network


Can the Government's CPI Numbers be Trusted? - David Stryzewski #5972

FromKerry Lutz's--Financial Survival Network

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)

The Financial Survival Network is dedicated to helping you build your financial fortress so that you can survive and thrive in the new economy. It's all about what's next!