Powell Pivot, Now or Never - Edward Siddell #5625

Summary: Job numbers appear to be strong; are they a lagging indicator or a leading indicator? Edward Siddell, CEO of EGSI Financial, comes on the show to warn us of the recession we are in. Rather than moving towards recovery, we are approaching a tough year; we will probably see one more rate raise in March of 2023, and other subsequent shifts. Tune in for more information on what’s to come. Highlights: -Edward’s firm is at the forefront of retirement planning -Rather than approaching recovery, Edward says we are in a recession -2023 is going to be a tough year—we’ll probably see one more raise in March -No one wants to take the risk calling Powell’s bluff -The worse the economy gets, the faster the pivot downward is going to go -We’re not going to see changes until the dollar weakens -Is this recession going to be similar to or different from all the others? Time will tell -Be cautiously optimistic -We’re seeing a raise to liquidity - The Fed doesn’t have much other choice than to print money Useful Links: Financial Survival Network EGSI Financial