The Election, Politics, And The Economy Webinar Recap

Sean, Peter and I had the pleasure of hosting a webinar for clients and guests on the topic of The Election, Politics, and the Economy.

Say good-bye to “the age of [economic] candy” was the lament expressed last week by EQ Private Wealth Advisor’s guest, on a seminar titled “The Election, Politics, and The Economy.” Our guest was Robert Stein, Deputy Chief Economist with First Trust Advisors, L.P. who discussed with our own Sean Khaligh, the extraordinary period of time between 2008 and 2022, when the Fed Funds interest rate was at rock-bottom levels of one percent or less. That was good for many borrowers, including the biggest of all, the Federal Government. However post-pandemic, the age of cheap economic candy – or credit – has ended and interest rates have risen with the Federal Reserve’s delicate balancing act to bring inflation down without sending the economy into recession. Higher rates place more pressure on the Federal deficit that keeps rising as servicing costs increase with more debt issued at higher rates. In Stein’s opinion, the situation should be manageable, provided the U.S. economy continues to grow. But alas, no more cheap candy. You can view the entire discussion, between Sean and Robert, and please remember you are always welcome to reach out to us if you have any questions about investing and wealth management. We’ve attached the recording of the webinar below, if you’d like to learn more about this subject.

Thank you for your consideration.
Wishing you all the best,
Blake Curtin
Wealth Operations Manager
EQ Private Wealth Advisors