1292: Recessions, Manufacturing, Globalization & Wealth Simulations

Jason Hartman talks with Adam about the definition of a recession and what impact globalization may (or may not) have on the future of recessions. They also explore how the United States reacts to trade situations and what impact that has on markets such as the ones we invest in.

Key Takeaways:

[2:55] With a recession potentially looming, you need to stress test your portfolio, which is something we'll be doing at Profits in Paradise

[8:09] Some of the old recession indicators aren't as reliable anymore because causes of GDP have shifted over the years

[10:48] A strong manufacturing base makes local economies take much longer to shift

[16:08] Why do they say that de-globalization could lead to more recessions

[19:40] It's important to look at states the same way we do countries to see which states are the friendliest to businesses

[24:41] The hidden benefits of self-management

[27:13] This year's wealth simulation will really delve into how Refi Til Ya Die really works

[26:00] The hidden benefits of self-management

[28:32] This year's wealth simulation will really delve into how Refi Til Ya Die really works

[32:54] A Baltimore, MD property available

Website:

www.JasonHartmanLive.com

www.JasonHartman.com/Properties