07/28/2022
It is official, as of 28 days ago we have been in a recession. I see a lot of articles that say we may be, kind of, possibly or just yea, but. For some reason maybe political, or just ignorance media is trying to soften, or ignore the fact that we are in a recession. 2 consecutive negative GDP readings = Recession. Recession is not our only problem right now in what I think is a perfect storm of financial conditions that may be the worst we have ever seen in this nation. Inflation, supply chain, energy cost, worker shortage, world military tension, food shortages, and rapidly rising interest rates are all combing with a recession at the same time. I get why people want to ignore this size of an elephant, but please don't ignore what this could potentially do to your retirement. You have worked long and hard to reach retirement now don't let the economic headwinds we are facing take retirement away from you. At Retire Safe Team, that is what we do, we protect your retirement. Call us to discuss the strategies we can use to protect your retirement. Just hang in there and stay the course or worse yet shift to bond exposure could just make things worse. We have real and effective tools to keep your retirement on track, not just hopes and words followed by asset statements that are down double-digit percentages.
Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.