On this episode of the Doomsday Dollar, we talk about inflation and what is currently going on with the Fed's interest rates. How you might see some similarities to what is happening today and what happened in the 70's and 80's leading to Black Monday. We also discuss what we are doing to prepare for a potential correction or crash due to these events.
Resources:
https://www.investopedia.com/terms/i/inflation.asp
https://www.investopedia.com/ask/answers/042115/what-caused-black-monday-stock-market-crash-1987.asp
https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093
https://www.clevelandfed.org/en/our-research/center-for-inflation-research/inflation-101/why-does-the-fed-care-get-started
https://www.wsj.com/articles/fed-raises-interest-rates-for-first-time-since-2018-11647453603
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
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