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The Coming Economic Devastation

(6/10/22) Markets took it on the chin, and stocks that flourished during the pandemic are not being punished; CPI and Inflation all point to stagflation in the economy and a need for economic cleansing with turbulence in every asset class; Texas ranks among the top three states for elder fraud, with funeral scams, telemarketers, and pigeon drops; from the "Rise & Shine Act" to our own "Stacked Waffle Act," the creative titling of proposed retirement reform legislation belies the state of retirement preparedness. Economic devastation to come from higher and higher energy prices; the hard choices lower income earners must make.
1:50 - Pandemic Stocks Get Spanked
13:08 - Dealing with Elder Fraud
29:03 - Creative Titles for Retirement Legislation
43:01 - Inflation vs Stagflation: Economic Devastation

Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP w Senior Advisor Danny Ratliff, CFP
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Our Latest "Three Minutes on Markets & Money: Markets Stuck Ahead of CPI," is here:
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Our previous show, "How the Consumer is Getting Squeezed,"
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Articles mentioned in this podcast:
"The Consumer is Getting Squeezed:"
https://realinvestmentadvice.com/the-consumer-is-getting-squeezed
InvestorProtection.org
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Contact Us: 1-855-RIA-PLAN
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#Stagflation #Inflation #CPI #Gasoline #ElderAbuse #RetirementLegislation #Markets #Money #investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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