Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

3 Things That Will SINK the Economy

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

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What Does a Liquidity Crisis Look Like to Mom and Pop?

Interest rates peak after the recession begins there. It's a lagging indicator because as you go into the recession, people are like, Hey, I don't want to light people up. And so if they cannot refinance their way out, they default. That's a crisis on the personal side. Sure. Are you default or business default business fail unemployment goes up and prices come down. So what was the question? Well, last, so many people haven't gotten used to not re-hypothecation, but refinancing. But here's the thing. Nobody's just coming deflation. Right?"

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