Financial expert David Fischer, CEO of Landmark Capital, joins The Steve Noble Show for an awesome Money Monday. Steve starts the show off by asking David what he thinks of President Trump’s 500 days in office. Unemployment numbers have hit a historically low 3.8%, the lowest since 1956, and the economy continues to grow. A few days ago 45 economists came out from the National Association of Business Economics saying that there will be a recession in 2020. A lot of this is has been contributed to the tariffs that were put in place. The Volcker Rule has come up for revision, and this could have detrimental effects on the economy.
The Volcker Rule could potentially put us right back in the 2007 market crash.
To listen to the full episode, click here.
Show Notes –
– The tariffs being put in place ultimately had a negative effect on the United States economy.
– Tariffs historically have always led to higher prices, and never really helped an economy.
– Banks make more money by leveraging money through the derivative markets.
– The FED, President Trump, and many others want to lift the Volcker Rule.
– The government’s debt is rising faster than the economy, by 36%.
– When we go into debt we create treasuries, and right now they are ballooning.
– The FED is raising rates, and this is going to cost more to service our debt.