The Rich Somers Report

Why the Average American is One Paycheck From Disaster : Economy Forecast 2026 | Kenny Simpson E420

Nov 7, 2025
Kenny Simpson, a capital markets and lending expert, discusses the precarious state of the American economy and why many are just one financial hiccup away from disaster. He dives into the implications of record-high credit card debt, the fragile job market, and rising car repossessions as signs of looming economic trouble. As savvy investors prepare for a potential buying window in 2026, Kenny shares strategies on navigating a high-rate, low-liquidity landscape and the impact of Fed policies on consumer behavior and real estate markets.
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INSIGHT

Rates Will Fall Gradually

  • Kenny expects rates to fall slowly and steadily rather than crash down quickly.
  • He warns a sudden large drop would overwhelm lenders and the industry.
INSIGHT

Jobs Drive Fed Action

  • A weak jobs market will force the Fed to cut faster than other indicators.
  • Kenny says jobs trump inflation for timing rate moves.
INSIGHT

Consumers Are Tapped Out

  • Consumers exhausted COVID savings and now rely heavily on credit again.
  • Credit card balances and HELOC use have surged, raising vulnerability.
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