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.
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As issues with the supply chain increase, the days counting down to the holidays continue to decrease. The Steve Gruber Show recently turned to Terry Sawchuk, founder and chairman of Sawchuk Wealth, for insight on how this issue may impact gift-giving, small business owners and the economy.
“I think what we’ve seen is a couple of things,” says Sawchuk. “When we get into these more difficult situations, you get a coordinated policy response. You get the federal government coming in with helicopter money and you get the Federal Reserve continuing to be supportive and accommodative in a variety of different ways and that’s just the playbook.”
“I’m not convinced we are going to see the death of anything,” he adds referring to gift-giving during the holidays. However, Sawchuk is concerned about the supply chain’s impacts on small businesses. As for inflation, Sawchuk remains optimistic.
“Inflation will eventually take care of itself,” he explains. “We’re going to have high inflation rates for probably two to three years, maybe not quite that long. Then we are going to transition to deflation.”
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