Has your life changed much in the past 4 years? I don’t know about you, but a lot sure changed for my family. We’ve changed where we live, the business we have, the way we do business and the way we invest.
It’s the new economy. And, according to the experts a year ago, get used to it. Things are either never going back to the way they were or, if they do, it’ll take a long time to get there.
But now, a lot of experts are telling us there is a NEXT New Economy coming – inflation.
Inflation simply means that prices go up. Or, more realistically, your dollar buys less. That’s because when it comes to inflation, and the economy in general, there are three factors you need to watch:
- Federal Reserve,
- Trade Deficit, and
- Budget Deficit.
If you’d like to learn more about how these three factors, how they affect the economy, and what you should do NOW to protect yourself, please join former Security Trader, co-founder of Numis Network and generally smart economist Chris Kent to discuss the current US forecasts and give some solutions for what you can do now. Go to DianesSeminars.
If you’re wondering if the threat of inflation is real, consider this:
- There has been a long-term inflation trend since 1913. For most of us, inflation is just a fact of life.
- The Federal Reserve and other central banks have been printing new money at a breakneck pace, pumping it into the economy.
- Due to the steadily high unemployment, wages are not going up in proportion to the rising costs.
- Food prices are going up. In the past year, the top five increases were:
- Coffee 40% increase
- Celery 28% increase
- Butter 26.4% increase
- Bacon 23.5% increase
- Cabbage 23.3% increase
- Gas prices have been steadily increasing.
bout the only thing that hasn’t been going up (besides wages) is real estate. Overall, real estate value is holding its own or continuing to go down, creating even more economic strain for the middle class.
There is something you can do about it. In fact, there is always opportunity when dramatic change occurs. Want to know more about what Richard and I and many of my private clients are doing? Then please join Chris Kent and I on Saturday at 9 am for “Making Money in Inflationary Times” LINK.
Even though we’ve seen a 70% increase in the inflation rate, Federal Reserve Chairman Ben Bernanke has repeatedly said this inflationary spell is just ‘transitory.’ I guess it all depends on what your definition of transitory is!