Get Rich Education

288: Is An Economic Depression Coming?


Listen Later

You get a clear answer to that question from both me and the Chief Economist of the oldest investment firm of its type in America, as he joins me today.

Recession and depression differences are defined.

Learn what created the 1930s Great Depression and 2000s Great Recession.

You're now living in what I call: "The Great Shutdown Of 2020", induced by the coronavirus. This is an economic crisis on top of a health crisis on top of an oil shock.

The Spanish Flu Pandemic of 1918 created a 7-month U.S. recession.

Real estate flippers and developers are more at-risk than buy-and-hold investors.

A doubling of the U.S. currency supply is possible in the next year or two, stoking inflation.

I introduce the "Inflation Triple Crown" concept that benefits leveraged real estate investors.

Brian Beaulieu, CEO and Chief Economist at ITR Economics since 1987, joins us to forecast your economic future amidst the current coronavirus pandemic.

He says we're in a recession now, thinks the economy begins growing again by 2020 Q4 with a "V" shaped recovery, and inflation accelerates in 2023.

Brian forecasts interest rates' direction, and tells us if we'll have negative interest rates.

He is bullish on buying real estate.

I think that since America keeps writing checks for everything, then they should fund an initiative to rebuild our infrastructure. We need that anyway, and it puts people to work.

Then, you would want to own real estate near those public works projects - new bridge, interchange, or port.

__________________________

Resources mentioned:

ITR Economics:

https://itreconomics.com/itr-economics-podcasts

ITR Economics' Free 90-Day Forecasts:

Text TR_TRIAL to 33777

Insurance For Rent Payment Default:

Rhino: https://www.sayrhino.com/

Steady: https://www.steadymarketplace.com/

Core: https://corehomeinsurance.com/

Mortgage Loans:

RidgeLendingGroup.com

QRPs: text "QRP" in ALL CAPS to 72000 or:

TotalControlFinancial.com

By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

New Construction Turnkey Property:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

...more
View all episodesView all episodes
Download on the App Store

Get Rich EducationBy Real Estate Investing with Keith Weinhold

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

596 ratings


More shows like Get Rich Education

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,749 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

702 Listeners

Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

Creating Wealth Real Estate Investing with Jason Hartman

536 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

993 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

834 Listeners

Wealth Formula Podcast by Buck Joffrey

Wealth Formula Podcast

402 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

960 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,399 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

406 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

426 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

516 Listeners

Real Estate News: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Estate News: Real Estate Investing Podcast

559 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

723 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

319 Listeners

On The Market by BiggerPockets

On The Market

901 Listeners