Dawn Bennett, the host of “Financial Myth Busting,” is a passionate
advocate for the truth about the nature of what is actually happening
with economies across the globe and how they’re all connected. The
problem is that it can be difficult to find truthful accounts in the
everyday news that illustrate the precarious nature of the American
economy as it stands today.
While the Federal Reserve continues to tell consumers that the economy is both stable and on the rise, there are numerous red flags pointing to the fact that we’re not out of the woods yet. In fact, Dawn Bennett believes that we’re looking at another recession in the near future if it hasn’t already begun. We’ve begun to see declines among American companies through quarterly profits reports in 2015. Numerous companies in the industrial fields are beginning to cut spending according to Daniel Florness, the CFO of Fastenal Co., with nearly a fifth of industrial companies spending 25% less. The trouble is imminent.
At this rate, the consideration by the Federal Reserve to raise interest rates poses a problem with an economy that does not appear to be growing or becoming stronger. Maintaining a sense of vigilance and relying on sources that you trust is key to fully understand what we may begin to see in the near future.
At the end of the day, the best way to prepare ourselves is by creating intentional savings and diversified investment plans. Dawn Bennett is the founder and CEO of Bennett Group Financial Services.
Sources: http://dawnjbennettblog.com/
http://www.wsj.com/articles/u-s-companies-warn-of-slowing-economy-1445818298
While the Federal Reserve continues to tell consumers that the economy is both stable and on the rise, there are numerous red flags pointing to the fact that we’re not out of the woods yet. In fact, Dawn Bennett believes that we’re looking at another recession in the near future if it hasn’t already begun. We’ve begun to see declines among American companies through quarterly profits reports in 2015. Numerous companies in the industrial fields are beginning to cut spending according to Daniel Florness, the CFO of Fastenal Co., with nearly a fifth of industrial companies spending 25% less. The trouble is imminent.
At this rate, the consideration by the Federal Reserve to raise interest rates poses a problem with an economy that does not appear to be growing or becoming stronger. Maintaining a sense of vigilance and relying on sources that you trust is key to fully understand what we may begin to see in the near future.
At the end of the day, the best way to prepare ourselves is by creating intentional savings and diversified investment plans. Dawn Bennett is the founder and CEO of Bennett Group Financial Services.
Sources: http://dawnjbennettblog.com/
http://www.wsj.com/articles/u-s-companies-warn-of-slowing-economy-1445818298
