Episode 67: US Economic Projections for 2024 and beyond with David Pickler
Summary
Inflation and interest rates and elections OH MY! Hear from one of the most savvy financial advisors in the US, David Pickler. In today's episode he talks about the economic juggling act in motion, the exponential change that has led us to the fourth industrial revolution, and the biggest problems of the next generation. Join us for a wealth of economic knowledge!
Listen to full episode :
Meet Our Guest!
David A. Pickler is an award-winning wealth advisor, attorney, and public education advocate. He is also the Founder and Executive Director of the American Public Education Foundation. In 2022 and 2023, David was named to Invest in Others Charitable Foundation’s Charitable Champions List, recognizing his philanthropic work in public education. In 2019, he received Invest in Others’ Catalyst Award for his efforts in workforce development and financial literacy. David was a member of the first-elected Shelby County Board of Education, and also served as President of the Tennessee School Boards Association. In 2013, he became President of the National School Boards Association. Upon retirement from elected office, David founded the American Public Education Foundation to help protect America’s economic interests through programs and services that support high-quality public education including financial literacy and workforce development. David is the author of Pillars of Purpose, a collection of stories that lay out a detailed, step-by-step process of how to build a life of significance. David is married to Beth, and they are the proud parents of Chris and Katie. They are also the grandparents of Jules and Cora.
This week’s blog post:
Hey there, Dr. Jen here, welcoming you to another exploration into the future, specifically diving into the US economic projections for 2024 and beyond with the brilliant David Pickler. As we venture into this conversation, hold onto your hats, because the insights from David are nothing short of revelatory.
Understanding the Economic Landscape
The Pandemic's Echo
The ripples from the pandemic have been felt far and wide, leading to a significant economic distortion. The government's response, though necessary, laid the groundwork for an inflation surge unseen in four decades, challenging the Federal Reserve's balancing act between fostering employment and maintaining price stability.
The Federal Reserve's Tightrope Walk
As we navigated through these turbulent waters, the Federal Reserve embarked on an aggressive rate-hiking spree, raising rates 22 times in a bid to combat inflation. This tightrope walk aimed at cooling down the economy without tipping it into recession—a feat seemingly achieved as we witness inflation rates beginning to retreat.
Looking Ahead: 2024 and Beyond
The Election Curveball
The upcoming elections cast a shadow of uncertainty, potentially fueling market volatility. The outcome could significantly influence economic policies and priorities, making it a pivotal moment for the US.
Embracing the Fourth Industrial Revolution
The dawn of the Fourth Industrial Revolution, marked by the fusion of digital and physical realms through AI, presents an unprecedented potential for economic growth and efficiency. This revolution could be the key to navigating the complexities of our national debt, propelling us into a future of sustainable economic expansion.
Generational Challenges
The next generation faces a confluence of issues, from climate change to economic inequality. The need for a unified approach to address these challenges is critical, emphasizing the importance of moving beyond divisiveness to a more collaborative and problem-solving oriented society.
Call to Action
In the spirit of learning and growth, I encourage you to dive into David Pickler's insights further through his podcast, "The Bull Cast," and explore his book "Pillars of Purpose" for a deep dive into building a life of success and significance.