BiggerPockets Daily Worried About the Economy? Here's Where to Put Your Money Right Now
9 snips
Apr 8, 2025 New tariffs are shaking up the economy, impacting everything from consumer prices to investment strategies. The discussion dives into how these changes affect your wallet and investment portfolio. Discover strategic moves like Roth conversions and why sectors like defense and nuclear energy present overlooked opportunities. The podcast also tackles international equities, showcasing promising trends in Japan, Germany, and Canada. Tune in for practical finance tips to navigate the current chaotic landscape and stay one step ahead of market uncertainties.
AI Snips
Chapters
Transcript
Episode notes
Tariff Consequences
- New tariffs aim to boost domestic manufacturing but may raise prices and slow growth.
- This could lead to a recession or even stagflation.
Tariffs as Consumer Tax
- Tariffs act as a tax on consumers, not foreign countries, increasing the cost of imported goods.
- Trade imbalances don't mean getting ripped off; they reflect buying more from one country than they buy from us.
Consumer Reactions and Avocado Prices
- Car dealerships experience a surge in sales as people buy vehicles before tariff-related price hikes.
- Avocados, a non-US-grown fruit, will become more expensive due to tariffs.