Rob Mace, and Chris
Rob Mace, and Chris
#42 - The Direction of this Economy with Spencer Nelson
#42 - The Direction of this Economy with Spencer Nelson
#42 - The Direction of this Economy with Spencer Nelson
Friday 24th April 2020
Spencer Nelson joins The Normon Podcast to discuss the US economy amid COVID-19, government aid impact, and financial preparedness. Tune in for valuable insights.
85 minutes
Informative
Thought-provoking
Engaging
Raw
Authentic
About this podcast
Author:
Rob Mace, and Chris
Overview:
Categories:
Sexual Stigmas & Myths
Religion & Spirituality
Relationships & Community
Body & Mind
Cultural Commentary
Links:
Visit site
Episodes:
48 (View all)
Do you want to link to this podcast?
Get the buttons here!Spencer Nelson on Navigating the US Economy During COVID-19
But making sure you're saving for a rainy day is the best thing that anyone can do, and then, when that rainy day comes, you're ready to handle it and hopefully take advantage of it and profit from it.
Ever wondered how the COVID-19 pandemic has reshaped the US economy? In this episode of The Normon Podcast, hosts Rob Mace and Chris sit down with Spencer Nelson, a portfolio manager and director of financial planning at Iron Gate Global Advisors. With an undergrad degree in Accounting and Finance and an MBA from Utah State, Spencer brings a wealth of knowledge to the table. The conversation dives into the economic ripples caused by government aid during the pandemic.
Spencer shares his thoughts on how long social distancing should last and when the economic damage from shutting down businesses might outweigh the health benefits. He also highlights the risks of prolonged government intervention, which can lead to mediocrity in the economy by keeping unprofitable businesses afloat. One key takeaway? The importance of sticking to basic investment principles and preparing for financial uncertainties.
Spencer stresses that saving for a rainy day is crucial for both individuals and businesses to navigate adverse situations and even turn them into opportunities. The discussion wraps up with a reflection on how the economy's state impacts mental health, domestic violence, and suicide rates, emphasizing the need for a balanced approach between economic and public health concerns. If you're curious about the economic landscape during these challenging times, this episode offers valuable insights and practical advice.