2 years ago

263

High-interest rates may force people to cut back on spending, focusing more on essentials, which could slow down the economy.
If interest rates stay high, it could lead to higher expenses for people, causing them to cut back on non-essential spending and prioritize essential expenses.

Watch more of this short video from Recession By Q4? And 6% Unemployment Next Year? | Chance Finucane.

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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

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