288: Is An Economic Depression Coming?

Is An Economic Depression Coming?

by Keith Weinhold | Get Rich Education

You get a clear answer to that question from both me and the Chief Economist of the oldest investment firm of its type in America, as he joins me today.

Recession and depression differences are defined.

Learn what created the 1930s Great Depression and 2000s Great Recession. 

You’re now living in what I call: “The Great Shutdown Of 2020”, induced by the coronavirus. This is an economic crisis on top of a health crisis on top of an oil shock.

The Spanish Flu Pandemic of 1918 created a 7-month U.S. recession.

Real estate flippers and developers are more at-risk than buy-and-hold investors.

A doubling of the U.S. currency supply is possible in the next year or two, stoking inflation.

I introduce the “Inflation Triple Crown” concept that benefits leveraged real estate investors.

Brian Beaulieu, CEO and Chief Economist at ITR Economics since 1987, joins us to forecast your economic future amidst the current coronavirus pandemic.

He says we’re in a recession now, thinks the economy begins growing again by 2020 Q4 with a “V” shaped recovery, and inflation accelerates in 2023.

Brian forecasts interest rates’ direction, and tells us if we’ll have negative interest rates.

He is bullish on buying real estate.

I think that since America keeps writing checks for everything, then they should fund an initiative to rebuild our infrastructure. We need that anyway, and it puts people to work.

Then, you would want to own real estate near those public works projects – new bridge, interchange, or port.

Resources Mentioned >

Resources Mentioned: ITR Economics’ Free 90-Day Forecasts: Text TR_TRIAL to 33777 Insurance For Rent Payment Default: Rhino: https://www.sayrhino.com/  Steady: https://www.steadymarketplace.com/ Core: https://corehomeinsurance.com/ | Mortgage Loans: RidgeLendingGroup.com | QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com | New Construction Turnkey Property: NewConstructionTurnkey.com | Best Financial Education: GetRichEducation.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold

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