Host: Sam Shad

Guests:
Eugenia Larmore, PhD, MBA, President of Ekay Economic Consultants

"We need to cut off spending."

- Eugenia Larmore, PhD, MBA, President of Ekay Economic Consultants, says part of this balance is “by taking money out of people’s pockets so they don’t spend,” noting that it’s not the intent to hurt anybody. She adds that part of the reason the feds continue to increase rates is that we have not curbed spending, and instead, people are now maintaining post-covid exuberance levels by borrowing on credit.