Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.
Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.
The holiday season is rapidly approaching, but the supply chain crisis, inflation, and labor issues are anything but merry. The Biden administration hopes that the newly passed $1 trillion infrastructure bill will help solve some of these problems, while others remain skeptical. To help investors better understand these stressful and uncertain times, News On with Miranda Khan spoke with Terry Sawchuk, founder, and chairman of Sawchuk Wealth, for his financial analysis on these issues.
“The biggest increase that we are going to see in the U.S. is not actually from taxes but rising energy costs, rising inflation, things of this nature – and some of these are a direct result of poor management and the long-term problems with the supply chain,” says Sawchuk. “This isn’t going to go away anytime soon, and I don’t think the infrastructure bill is going to change any of that.”
Sawchuk also cautions not to fully believe the White House’s claim that the infrastructure bill will help slow our current inflationary environment and rising food prices. According to Sawchuk, inflation and these other issues are not entirely caused by poor infrastructure but rather baby boomers leaving the workforce and China’s attempts to sever economic ties with the U.S.
“What most people don’t realize is that we’ve got an economic war essentially with China. [Chinese President] Xi Jinping has basically made a decision to decouple from the United States economically and that’s going to have a long-term effect,” he explains. “It’s going to take a long time for us to solve these issues. It’s not transient.”
Click here to watch the entire segment.
Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.
Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.
