The Expert Podcast

So since the pandemic started and maybe is now winding down the us government has spent trillions of dollars In stimulus trying to keep the economy going make sure that you know we have an economy that doesn't collapse And so so far According to The us government They've spent 3.7 trillion in total outlays There's another a little bit of money that has gone to obligations meaning that they're promises of payment that are made that hasn't been spent yet but so far 3.7 trillion represents all outlays or actual payments Made by agencies For pandemic this is through four 30 2022 And again there's another You know six or 700,000 I was I'm sorry six or 700 Billion That is promised but so far 3.7 trillion has been spent Has it all been for Not is it all wasted while I don't know According to CBS the stock market has wiped out 3 trillion in retirement savings So all that stimulus money went out to the economy But in the same period of time About the same amount 3 trillion has been erased From the economy from the stock market crashing Was it a breakeven wasn't even wash Then all that money Was it spent for nothing Some people think that the stock market is going down because of the stimulus spending because of inflation People can't afford house
Can't afford gas Can't afford groceries So they're not buying as much
What do you think put your comments below Do you think that there's a relationship between these two Is it a coincidence that these numbers are about the same Do you think the stock market is kind of go down another 700 billion to match Where do you think it's just a pure coincidence between the two
And if that is the case That 3 trillion that people counted on for retirement How's that going to be replaced Are these people not going to be able to retire Are they going to have to work longer or they're going to have to take out loans pull money from other areas End Begs the bigger question Should we spend more If this 3.7 has already spent should we be spending more on other programs maybe student loans Maybe other social programs What about interest rates The fed has raised interest rates three quarter You know 75 basis points in the last week and supposedly more on the way We've talked in prior videos We expect that mortgage interest rates right now or approaching seven We'll likely be 10% when we did our Prediction on 10% mortgages A couple months ago people thought we were crazy Rates were at two point something percent last year the end of last year Seeing them at a 10 seems like it's impossible but now that they're almost seven it doesn't seem like a stretch anymore To have mortgage rates at 10% So what do you think about all this with the economy Did that Stock market fall cost you money Is your retirement at risk Is your 401k lower than it was If it is what would be your plans if it stayed low And let's say you had a 401k that had I don't know Five or 600,000 in it And now it's got 220,000 in it Because of the stock market crash What do you plan to do You had planned it a retirement based on having that four or 500,000 And now if it's two or two 50 are you changing your plans How are you going to make up for it You going to try to do something more more risky to try to make up the difference Are you going to try to put more money into it You're going to sell some items What are your plans Let's hear from you in the comments I will see you in the next video