080: Making Sense of The Debt Bubble and Rising Default Rates

Mar 22, 2023

Between inflation, a possible recession, and bank failures, our economy feels chaotic right now. However, that doesn’t mean that now’s the time to panic. 

Instead, this is your opportunity to get a better understanding of these complex situations and make sure you’re doing everything you can to keep your individual financial plan strong and healthy.

In today’s episode, we talk through how we arrived at this truly crazy moment in our economy, the consequences of untenable debt and years of bad fiscal policy, and how to approach your own finances when our leadership is asleep at the wheel. 

In this podcast interview, you’ll learn:

• Why this economic moment is the consequence of a failure in leadership.
• How record-high debt leaves every part of our economy at greater risk of default.
• How the Silicon Valley Bank collapse proves that CFOs of hugely successful companies don’t understand the limits of banking.
• How to take a long-term approach to your finances in chaotic times. 

To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com

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