The U.S. debt is skyrocketing. It surged to $34,135,530,482,291.88 trillion last week on Thursday according to the Treasury Department, which means it is up $41.1 billion from the previous day. If the U.S. continues on this trajectory, it will nearly double in size over the next three decades and become a burden far exceeding previous levels. John and Lee discuss their opinions on the matter and who's to blame and who could fix it, and if it will be fixed at all.
The U.S. stocks haven't changed much as everyone waits for news from the Fed regarding interest rates, and news concerning the U.S. jobs report. Big tech, however, A.I. and corporate profits are up, which is a good sign for the economy, at the moment. John shares his feelings on what possible consequences we will see in the near future from the COVID payments.
The European Union told Amazon they could not proceed with their acquisition of the company iRobot which makes smart vacuum cleaners. Amazon was looking to expand their in-home smart technology but now that they are not able to proceed with the deal, iRobot has laid off 31% of its workers and struggling. This topic brings up the question of how big does a company get to where it becomes a monopoly, and must be stopped before buying out the competition?
Lee and John also respond to a viewer's question on when exactly the recession started: was it during covid, or are we currently in a recession now, or have we avoided it?
Mach-1 Financial Group, LLC (“Mach-1”) is an SEC Registered Investment Adviser located in Rogers, AR. Mach-1 may only transact business in those states in which it maintains a notice filing, or qualifies for an exemption or exclusion from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Third party ratings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. For full disclosures please see https://mach-1financial.com/disclosures/
Ep 122: 6 Habits of a Millionaire
Ep 121: The Northwest Arkansas Housing Market with Chad Beebe
Ep 120: Should I Go To Cash?
Ep 119: A Volatile Week
Ep 118: The Psychology of Money
Ep 117: The Powell Effect, Student Loan Fairness, and Going Gas-Free
Ep 116: A Frequently Asked Question, Student Loan Forgiveness, and Calling Those Hogs
Ep 115: Inflation Reduction Act, Housing Demand, and US Freight Shipping Rates
Ep 114: Inflation Reduction Act and the Jobs Report
Ep 113: The Great Recession Debate
Ep 112: Fed Rate Hike, Elon Musk, & ”Stupid Simple” Money Tips
Ep 111: Trust Me, I Saw It On the Internet...
Ep 110: What If We’re Not in a Recession?
Ep 109: Good News, Everyone!
Ep 108: Why We Believe in the U.S. Economy
Ep 107: Financial Baby Steps
Ep 106: Faith, Fear, and Finances
Ep 105: Annuities (the Good and the Bad)
Ep 104: How We Handle Our Own Accounts
Ep 103: Corrections, Recessions & Bear Markets
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