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But we're also going to see a
lot of folks as far as their financials

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when they've looked at you know,
CD, especially the short term that's been

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so good lately, the six months, seven month CDs that have been definitely

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outperforming the two and five year.
These rate cuts can drop CD rates,

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which just means, you know,
more than ever, they can reach out

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to us here or their financial professional
to wonder how are other ways to hedge

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inflation. And we're going to see
just a little bit of consumer cracks here

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in the inflationary pressure that we're seeing
because you it's economy, you know,

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it grew a little slower paced than
expected here for first quarter. You're listening

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to Carrie Let's's Financial Survival Network,
where you get valuable information you just can't

11
00:00:42,799 --> 00:00:48,759
find anywhere else to thrive in today's
trying times. You need the Financial Survival

12
00:00:48,799 --> 00:00:54,439
Network now more than ever. Go
to Financial Survivalnetwork dot com and get your

13
00:00:54,560 --> 00:01:03,719
free newsletter and gift. Financial Survival
Network now more than ever, And welcome

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you are watching and listening to the
Financial Survival Network. I'm your host,

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Kerry Lutz. Well, let's find
out what's going on with the economy,

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what it means for your your wealth
or your retirement if that's in the cards

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for you and our good friend Mindy
back and us is back with us,

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Mindy A. We got some numbers
out, so tell us about the numbers

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and what they mean and what you
need to do about them. You bet,

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thanks for having me, Carrie.
We definitely do have some numbers back.

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The DDP did grow at a one
point six percent annual pace this first

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quarter. Now I can tell you
that did fall short a little bit of

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the estimates, But I really think
that this actually, in my opinion,

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is a good thing because if we
see this with some rate cuts, it

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could drop some things that we're going
to see, So, you know,

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mortgage interest rates might start to fall
and get more back on level playing field

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we call it. But we're also
going to see a lot of folks as

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far as their financials when they looked
at you know, CD, especially the

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short term that's been so good lately, the six months seven month CDs that

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have been definitely outperforming the two and
five year These rate cuts can drop CD

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rates, which just means, you
know, more than ever, they can

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reach out to us here or their
financial professional to wonder, how are other

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ways to hedge inflation. And we're
going to see just a little bit of

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consumer cracks here in the inflationary pressure
that we're seeing because you it's economy.

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You know, it grew a little
slower paced than expected here for first quarter.

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So this is a case of the
bad news being good news. You

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know, I think we're going to
see pricing might be a little bit of

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a problem. Economy slow a little
bit, but the pullbacks, you know,

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with what investors see, really we
can rely on staying somewhat of a

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course moving forward. So sometimes when
we take a look at you know,

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robust growth prospects remaining to likely scenario, all the growing performance a lot of

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times to what I've seen lately is
some of the unpredictability. But I looked

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up some of the recent numbers and
like business equipment spending, it actually still

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rolls by a couple of percent.
Residential fixed income investments grew over thirteen percent.

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Intellectual property, especially actually carrying the
realms of software went up over five

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percent. So I think that we
still need to be looking towards you know,

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we talk about retirement. Made clear
here all the time that if we're

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looking at a positive focus and staying
well diversified. I still think I can

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give consumers a retirement confidence, especially
when we see such a good first quarter

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that we've had out of the S
and B. Yeah, what about the

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inflation numbers that you're purchasing power of
your savings? Your dollar she continues to

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be eroded, right, it sure
does, yep. So we're seeing that

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when we take a look at this, even compared to fourth quarter, the

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declaration of the real GDP and the
primary first quarters, it just means it's

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respected of the declarations of what we're
actually seeing putting pressures on consumers. The

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spending, right, so we talk
to tum's spending state and low government spending.

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So our dollar just for sure is
not that extending as far as what

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it has beenen So we really need
to see these movements, and sometimes they

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can be offset a little bit by
an acceleration even as like residential fixed investments.

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But we really need to be careful
of what we're seeing happening with the

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dollar and what we're just really seeing
with timeline. And I just don't see

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that inflationary number changing anytime quite soon. So we just need to really,

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you know, take a look,
have a plan. I can't stress more

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than ever. It's just to make
sure consumers that are listening to carry watching,

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is to make sure they have a
plan, they're well diversified, and

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they're actually realizing and notating what is
actually happening here and how sustainable in what

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long term this looks like quarter over
quarter. So you know, the IMF

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has sent a message to Congress,
to the government that the current path the

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country on is unsustainable. When are
we gonna wake up and pull back from

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the brink here? You know,
that's the true question. I feel like

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with this coming in at one point
six, that actually to me is more

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good news. We shouldn't see that
come down some I would like to see

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those mortgage interest rates and reduce them
as CD rates as much as the folks

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are all liking them. You know, we need to see some things to

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come back to the level playing field. And I think this lower then projected.

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You know, economy growth came alongside
with this surprisingly high inflationary reading.

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And really, if we take a
look at the core our come you know,

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our personal consumer expenditures. You know, we got to you know,

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it exclosed the volatile food and energy
categories, which those are still growing by

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over three percent, So I think
we just really need to see where things

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are going to go. You know, we'll see some bond yields they rose.

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So a big thing that we're seeing
is with that ten year treasury at

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a nearly seven basis points, reaching
about four point seven for the first time

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since early November twenty twenty three.
I think we just need to take a

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look that banks are going to hold
rates a while and wait for inflation to

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fall a little further. So continue
to look ahead, don't make knee jerk

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reactions. Talk to your you know, investor and your advisors, and make

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sure that we're understanding what sectors to
be in and we're to look further.

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Okay, So what's your take on
AI? Is it just the flavor of

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the week or is it the next
huge advancement that's going to affect the US

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economy and the global economy much like
the Internet did in early two thousands.

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I think AI is here to stay, and I think we need to be

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careful in what realms that we're actually
utilizing AI. But you know, we've

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seen it. We've seen all the
way from you know, robot development of

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what we've been seeing in some restaurants
and serving things to how people are communicating.

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We're in such a digital world even
when we're taking a look at,

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you know, some staples that we've
actually seen of like Amazon, Cloud based,

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the roadblocks of the world and such. But I really think we're going

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to see AI continue to be in
intrumental where we actually are as a country

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globally, and so I do think
that this is a space to look out

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for and to have your hands in
somewhat. Yeah, so is Nvidia can

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it go up any higher? Or
is it kind of through with it's run?

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I think we're going to see I
don't think we're going to see us

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higher run of what we did,
but I really think if consumers take a

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look, you know, that's definitely
where the buzz is at. I don't

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think anything of what we should come
out first quarter is going to affect that

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much. But I don't think we're
going to see another huge rise either.

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And I think as long as we're
looking at don't be too heavily in the

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knee jerk reactions of oh my friends
have it, or this is the new

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hot item, Stay well diversified,
stay the course, And I think we'll

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see more things that come baxt quarter. All right, so what about the

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prospects of AI. You know,
I watched that. I can't remember the

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name of it, but basically the
guys said to the robot, hey,

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I'm hungry, and the robot picked
up an apple and threw it at him,

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and you know that it was remarkable, and you know, then he

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asked the robot how he thought he
did or she I don't know. It

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was probably pronouns really tricky when it
comes to robots, you know, but

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basically he said, yeah, I
think I did. Okay, you know,

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you ask you said you were hungry. I gave you the only food

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that was on the table. And
when you look at that and you say,

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man, is just like everything's going
to be done by the robots in

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five to ten years. So you
could just see it. Yeah, And

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personally, I don't want to see
that happen. I want to make sure

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that, you know, it's really
hard to take the flavor of personal approach

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out of things. So, yes, there's some things that you know,

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AI is great for. There's others
that I think is a very fine line

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about what we're asking for delivery opinions
kind of just in my nature, even

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the health of folks. Right,
So, we weren't put on this earth

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to be by ourselves. We're put
on here to build communities around people.

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So I think that we have to
be very careful of what we're trying to

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digitalized and systemize and make sure that
we're finding that healthy, happy round medium

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where we're actually utilizing as a great
service work and as a tool. But

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I have to do on Mendel boots
for everything. Yeah, well, I

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think the genie is out of the
bottle or the toothpaste is out of the

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tube. There's no stopping it now. And you know, like full self

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driving, you know Tesla's it's basically
a true autonomy. I think it's pretty

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close, a lot closer than any
of you out there might think it is.

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It's going to have profound impacts here
on society, on investing all of

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these things. I think we're entering
kind of a new paradigm here. I

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knew too. I think picks that
we're going to see, even with market

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picks that we see you're right with
how we're actually driving vehicles all the way

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down to driver's license, where people
are picking up food, how they're getting

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it. You know what's going to
happen to what we see different mom and

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pop store, small shops or even
restaurants. Are are people going to go

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and dine in more so robotic and
nature? Where are we actually going to

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see things turn to? And you're
right, I love your analogy, you

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know, the genery out of the
bottle? And now how do we how

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do we curtain and kind of keep
that even plow to try to make sure

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that we are still people driven and
consumer driven? All right, hey,

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00:10:20,200 --> 00:10:22,120
mindy, if we want to get
in touch with you, we want to

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00:10:22,159 --> 00:10:28,000
follow you on the web and connect
with you through the various outlets there.

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00:10:28,080 --> 00:10:33,039
How do we do that? Sure, they can go to Wealth Michigan dot

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00:10:33,039 --> 00:10:37,240
com. On there you're going to
find any information, our podcast, our

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00:10:37,320 --> 00:10:41,360
radio show, educational series. So
that's going to be the best way to

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00:10:41,440 --> 00:10:45,039
reach out to us here Wealth Michigan
dot com to fight all things new about

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00:10:45,080 --> 00:10:48,559
Macintosh and associates. And we really
like to make sure that we're focusing on

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00:10:48,639 --> 00:10:52,919
retirement made clear, So reach out
plus eight seven seven two two two eight

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00:10:52,960 --> 00:10:56,679
eight four nine, and we'd love
to make sure that we can continue to

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00:10:56,679 --> 00:10:58,080
focus on you. Okay, Hey, appreciate it. If you've got a

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00:10:58,120 --> 00:11:05,279
question for Mindy myself, shoot me
an email Klatcarrielouds dot com and you'll find

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00:11:05,279 --> 00:11:09,639
a link to mindy site in the
show notes to this interview on Financial Survival

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00:11:09,720 --> 00:11:11,919
Network dot com. While you're there, sign up for your free newsletter.

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00:11:13,080 --> 00:11:16,840
Mindy. Appreciate your stopping by.
Thank you, We really appreciate it.

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00:11:16,879 --> 00:11:22,320
Appreciate being here, Thanks for listening
to Carrie Lenz's Financial Survival Network, your

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00:11:22,399 --> 00:11:28,360
solution to today's trying times. For
the latest, go to Financial Survivalnetwork dot

166
00:11:28,399 --> 00:11:31,639
com. Financial Survival Network now more
than ever,