Market Recovery Unlikely; Retirement Crisis Ahead | Peter Grandich
The retirement crisis is going to be devastating for those unprepared, says Peter Grandich of Peter Grandich & Co. Already, many of those in the stock market saw their portfolios lose double digits in 2022. In recent stock market pullbacks, the market has recovered quickly. But the economic and political environment has fundamentally changed, and Grandich explains why this time may be different from what we've seen in the recent past.
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INTERVIEW TIMELINE:
0:00 Intro
2:11 Retirement crisis
11:22 Durable societal freedom
13:27 Starting a business
15:30 Gold/silver miners
22:00 Different economy
24:30 Failure/success
28:20 Peter Grandich & Co.
28:52 Miles Franklin
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