📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [15:12] And this week’s financial planning topic is The Secret to Success in Retirement. 💯
🚗 [0:44] The first headline, “Renting a Car is Still Going to Be Hard This Summer”, is an article that explores how the rental car shortage from 2021 is likely to continue this year as more Americans look to travel in the spring and summer and the micro-chip shortage persists.
🛢️ [4:32] The second headline, “Oil Price Surge Threatens U.S. Growth”, discusses how the current surge in oil prices, due to supply issues and the invasion of Ukraine, are potentially going to sap growth from the U.S. economy as consumers spend more on gasoline and home heating instead of goods and services.
🪖 [9:28] Our final headline, “Car Parts, Chips, Sunflower Oil: War in Ukraine Threatens New Shortages”, is a deep dive into the various disruptions that have occurred due to Russia’s invasion of Ukraine. Everything from wire harnesses in cars, sunflower oil, and rare earth elements are being affected and supply chain issues are expected to intensify.