The theme this week on the One Minute Retirement Tip podcast is: our mid-year outlook 2021. I have my dad back on the podcast. He’s been advising clients with their money and investments since 1982, and today we’re talking about our economic update & outlook: 

• Post Covid GDP growth 

In our quarterly commentary to clients, you said: “The U.S. economy is booming,  with GDP expected to rise 10% in the second and third quarter. Demand for goods and services is so strong that supply cannot keep up, triggering bottlenecks and wage and price pressures.” 

I read that you have to go all the way back to 1984 to see this kind of GDP growth that’s expected for 2021

• Interest rates
• • Very low! 
  • Not good for bond investors, but helping to drive more money into dividend stocks where investors can earn a growing stream of income, even in a low growth environment 
• Inflation
• • Price of oil has doubled over the last year
  • Food prices are up...plane tickets, you name it
  • a rapidly reopening economy is colliding with global supply shortages
  • How much of the inflation right now is a temporary surge? Are you concerned about higher inflation looking out a bit further? 

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

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