Episode Details
Back to EpisodesFrom Cheap Money to Bankruptcies | Weekly Business Briefs w/ Martin Perdomo
Description
Is the era of cheap money finally over? Discover how a minor shift in the unemployment rate could set off a chain reaction, prompting the Federal Reserve to raise interest rates and what that means for your loans and mortgages. We discuss the Fed’s tightrope walk as they handle rising inflation and the implications of potential policy changes on both consumers and businesses. Other economic indicators suggest weaknesses in the labor market, adding another layer of complexity to the Fed's balancing act.
Amidst this economic uncertainty, we turn our focus to the alarming surge in bankruptcy rates in 2023. We break down how high interest rates have driven many companies, including notable names like Silicon Valley Bank and Bed Bath & Beyond, to file for bankruptcy. Lastly, we navigate the political landscape with a spotlight on President Biden’s decision to run for re-election and the potential rise of Vice President Kamala Harris. Could she be the Democratic Party's future leader, or will other heavyweight contenders emerge? Tune in for an in-depth discussion on these pressing issues.
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