Symple Lending

  When inflation is raging and the scent of a recession is in the air, what is the American household to do? First, remember that if a recession does occur, it won't signal the end of the world. And also remember it is not too late to chart a plan of action - preparing now may give you a buffer zone. Americans across the country pay close attention to weather patterns in their region; they know when to prepare if Mother Nature stirs up trouble. Coastal citizens keep a close eye on tropical depressions and know when to board up and lock down. Midwesterners are very familiar with thunderstorm and tornado drills. Long-time residents of the north give advice to newcomers on how to cope with snowstorms. No matter how well anyone is prepared for a specific storm, there are ones that can sneak up on them - such as a flashflood. Consumers can relate to weather-related scenarios and see the importance of planning - buying extra water and batteries just in case. But not all are as well prepa...

  For three years, Americans have been juggling a variety of anxiety-producing uncertainties. After emerging from lockdown cocoons, people thought things would return to normal. They discovered nothing was expected. You are not alone if you are puzzled about why and how this happened. Even the world’s most experienced money managers are stunned by these economic jolts. Nerves become jittery as the prices climb. No one needs a degree in economics to know that a grocery trip costs far more than last year. The sky-high prices are causing Americans to rethink their purchasing decisions. They wonder when the prices will stop rising. Understanding the factors in play can remove some of the fears that consumers are experiencing. We spoke to the experts at Symple Lending they offered their perspectives on inflation and recession. Can you give us an Explanation of Inflation in Layman’s Terms? Symple Lending : It’s paying a lot more for a product you did one year ago. True, if you rewind the...