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222: Is the Trump Economy Going to Grow at 5% Soon?

222: Is the Trump Economy Going to Grow at 5% Soon?

FromBe Wealthy & Smart


222: Is the Trump Economy Going to Grow at 5% Soon?

FromBe Wealthy & Smart

ratings:
Length:
12 minutes
Released:
Jan 31, 2017
Format:
Podcast episode

Description

Learn if the economy can get to 5% GDP growth quickly or not. Weakest GDP since 2011 - went from 3.5% to 1.9% in one quarter! Lower earnings reported by Chevon, other energy companies, Google, Colgate-Palmolive and Starbucks. Even with some disappointing corporate results, fourth-quarter earnings are expected to show growth of 6.8 percent, which would mark the biggest increase in two years and second straight quarter of growth, according to Thomson Reuters data. Dow hit 20,000 for the first time. Took 18 years to double - that’s a 4% average annual return. Is most of the good news already baked into 2017? Consumer spending is up .5% in December, largest jump in 3 months, which is 2/3 of the economy. Good news there. Pending home sales up 1.9%, 17 year shortage of housing. Trump growth of 5% is going to take a while and won’t happen right away. Cycles are showing massive swings up and down in the market this year. FED may raise rates 3 times - inflation is flaring up. IMO, we have the EU break up to look forward to, a European bank failure, and a lot of cash flowing into our markets as a safe haven from China and Europe. Other countries have been moving their funds here from China, Russia and Europe and that will likely pick up. Cycles are showing some extreme volatility and since this is the second longest bull market ever, I wouldn’t be surprised to see the economy weaken even to the point of recession and the stock market have a meaningful pullback. Increased volatility. Rather than try to short it, I suggest you get your shopping list ready to buy the dips, when there is real fear. Look to corporate bonds for income and stay away from bond funds. It will take time for President Trump to turn the economy into a faster growth GDP. In the meantime, there will be wild swings as the dollar and other currencies fluctuate. To get “11 Quick Financial Tips to Boost Your Wealth”, go to www.lindapjones.com.
Released:
Jan 31, 2017
Format:
Podcast episode

Titles in the series (100)

Money, personal finance and financial freedom - get your money to work harder for you so you don't have to work so hard. Linda made $2 million at age 39 and shares actionable knowledge to create wealth in the stock market, real estate, and business. Discover a wealth mentor who shows you a direct path to security, stability and financial freedom. This podcast has a balanced view of how to enjoy life, it is not about frugality. It won't show you how to save a few dollars, it will show you how to save tens of thousands of dollars. Short episodes get to the point without fluff and give you valuable advice you can put to work immediately. Learn the 6 Steps to Wealth by starting with creating a wealthy mindset. Listen to one podcast and you may find yourself binge-listening to the entire library of knowledge. Be sure to subscribe so you don't miss an episode.