What Will Happen To The Economy Next? 

We can't precisely foresee the future because we don't have a crystal ball! This is especially true when dealing with economic issues such as investment, real estate, interest rates, inflationary pressures, government acts, foreign variables, and so on. What effects do inflation, recession, interest rates, Federal Reserve Bank actions, and other factors have? How can one hedge his bet in order to reduce unnecessary risks while still getting a good return? There is no straightforward solution because there are so many variables at play. With that in mind, the purpose of this essay is to explore, examine, and review potential issues in order to assist you.

1) Interest rates: We have been in an era of record low interest rates for a long time. Because the cost of borrowing is so low, this has resulted in easy money. Individuals and corporations have profited, at least in the short term, by allowing home buyers to acquire more homes because their monthly mortgage payments are low due to low mortgage rates. Low returns have been paid on corporate and government bonds, as well as banks. It has stifled inflation while also causing a surge in housing values that we haven't seen in recent memory. The Federal Reserve Bank has indicated that it will stop propping up the economy and will raise interest rates three times in 2022. What do you believe will happen as a result of that?

2) Auto loans, consumer loans, and borrowing: Supply chain issues have had a substantial impact on the auto sector. Auto loans and leases will become more expensive as interest rates climb. 

3) This pattern began after the Tax Reform Act of 2017 was passed, which resulted in the first trillion-dollar deficits. 

4) Government expenditure increased by trillions as a result of financial hardship and problems, such as shut downs and other effects of the pandemic. Debt must, unfortunately, be addressed at some point.

5) Attitude and perception: Over the last few years, there appears to have been a public perception, as well as many anxieties, that has had a devastating economic impact. 

Many will be put at risk unless we begin to plan efficiently and with common sense and an open mind. America, it's time to wake up and demand better leadership, service, and representation. 

For the past four decades, Richard has owned businesses, served as a COO, CEO, Director of Development, consultant, professionally directed events, advised hundreds of executives, and led personal development seminars. Rich is the author of three books and tens of thousands of articles. PLAN2LEAD, LLC, his company, has a helpful website at http://plan2lead.net.