For years our founder, Frank VanderSloot, has provided valuable foresight on the state of the economy to help us better prepare for what is to come. He accurately predicted the dot-com bubble and the 2008 housing market crash several months before they occurred and long before national economists were talking about them. And just last year Frank predicted that we would see inflation like we’ve never experienced before. At the time of Frank’s prediction all the pundits and media were telling us that inflation was just going to be “transitory” (meaning temporary). Of course, we now know that Frank was absolutely correct and the pundits were absolutely wrong! Frank is quick to point out that he’s not an economic guru, nor does he have a crystal ball; he simply uses his knowledge of macroeconomics coupled with statistics and common sense to see around corners—and to prepare for what’s inevitably coming. The fact of the
matter is that Frank will always give it to you straight. We recently sat down with Frank to get his most recent take on the economy and what he believes we should prepare for in the near future. And those who are paying attention will be equipped to thrive during a time of future economic uncertainty!
Why do you believe it is important to know which way the economy is heading?
I feel that it is our responsibility to take charge of our own lives and prepare the best we can for whatever comes our way. I don’t believe that the government—no matter how good the intentions—is going to take care of us. If we can anticipate what’s coming, we can be better prepared. If we know what’s coming, we can make better decisions of where to spend our time. It’s like driving
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