Counterproductive Solutions for Inflation - Eddy Gifford #5738

Summary:
Does the government want to solve the inflation problem, or do they need it to stay this way for a bit? Eddy Gifford comes on the show to discuss this topic, and points out the contradictory effects in place. Powell has stated that their primary goal is to fix inflation, but interest rates keep going up. This means that the stock market could roll over and push up the cost of housing—which is one of the primary indicators in the CPI. Interest rates are ultimately defeating ht purpose of what they’re trying to accomplish, and thus, it’s important to protect yourself during this time. Eddy recommends having a proactive investment strategy and paying off debts. In addition, investors should look towards treasuries and annuities to prioritize liquidity in particular. Tune in for more expert insight. Useful Links:
Financial Survival Network
Tactive Wealth - Eddy Gifford