Creating Wealth Real Estate Investing with Jason Hartman 1427: Recession or Depression, Stock Buybacks, Quantitative Easing, Harry Dent
Jason Hartman is joined in today's show with in house-economist, Thomas to discuss what constitutes a recession and what this one will look like. While some may assume the worst, Thomas presents some numbers that aren't as bad as expected.
In Part II, our returning guest, Harry Dent, discusses the economy, company buybacks, and quantitative easing. Take a deeper look into the economic influence of each generation with their peak earning power, and peak spending trends.
Key Takeaways:
[1:00] The great little recession
[2:00] Members of the national bureau of economic research are careful what to declare a recession, and quite a bit after the fact
[7:10] The employment base for retail and tourism is around 40 million jobs, and we are only down 10 million so far
[14:20] This is a war, just a war on a virus
[16:30] Harry Dent, Demographer
[17:30] Puerto Rico, better weather, lower cost and better tax benefits
[18:53] Famous for predictions on all aspects of the economy
[18:50 ] QE Quantitative easing
[21:00] What is the age of someone's peak earning power and peak spending?
[23:50] "Quantitative easing is not putting money into the banks system and lending, it is literally buying financial assets like bonds, which puts more money into the pool that's actually chasing financial assets, and that drives up financial assets." - Dent
[26:55] Company stocks are going up because of shrinking the number of shares, rather than growing the economy
[28:25] You say the economy is fake?
[29:25] Governments always stimulate the economy
[32:55] Are company stock buybacks really that bad?
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