The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing

Mar 26, 2024

The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing

 

Show Description:

Consumer spending has been the lone bright spot in the economy. Consumer spending accounts for about 2/3 of Gross Domestic Product (GDP). 

 

The unprecedented amount of government stimulus has supported consumer spending. The excess money in the system takes time to percolate through the economy. It is running out for many people.

 

Also, the US has lost 2 million jobs in the past 8 months. If unemployment increases, we will likely experience a recession.

 

 

 

I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.

 

When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 

 

The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.

 

Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.