082: Terry Savage: Financial Realities Right Now

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:

• Is inflation going to be transitory?
• Getting ready for a collapse
• The Great Resignation
• Technology’s effect on markets

Key Takeaways:

• We have a lot of components of permanent inflation being injected into the economy along with the shortages of goods.
• No one knows for sure that a collapse is coming - everyone can be a little right and a little wrong. But it’s better to be ready and disciplined than to be very wrong at the very worst time, losing all your ability to adjust to the change.
• We not only helped people who are needy but we incented them to not go back to work. COVID is still out there and people are now more afraid to go back to work.
• Technology has allowed the economy to be less volatile, improved the market’s liquidity and allowed better raising of capital.
• Decide who you are. Know yourself and understand the place in history where you’re at right now and recognize the risks, the upsides and the downsides.

"Good judgement comes from experience and experience comes from bad judgement." — Terry Savage

 

Connect with Terry Savage:

Website: https://www.terrysavage.com/

LinkedIn: https://www.linkedin.com/in/thesavagetruth/

Twitter: https://twitter.com/Terrytalksmoney

Connect with The Annuity Man:

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