Economics 101: Decoding Leading Economic Indicators and Recession Risks

Welcome to another fun episode of Wine and Dime with Amy Irvine, where we chat about money matters while enjoying some fantastic wine. In today's episode, we'll explore the world of economic indicators, making it easy to understand for everyone. And what better way to learn than with a tasty glass of Airlie Winery's Rosé of Pinot Noir by our side? So, grab your favorite wine glass and join us as we dive into the world of finance with a touch of Oregon's finest wine. Get ready to learn, laugh, and sip with us. Cheers!

What You Will Learn:Economic terms and their impact on everyday lifeUnderstanding leading economic indicators (LEIs) and how they signal a recessionThe role of the Institute for Supply Management (ISM) in tracking economic activity

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at [email protected]

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Understanding Economic Indicators:

The importance of LEIs and how they help predict a recessionAverage weekly hours in manufacturing

Average weekly initial claims for unemployment insuranceManufacturers' new orders for consumer goods and materialsManufacturers' new orders for non-defense capital goods (excluding aircraft orders)Building permits for new private housing unitsS&P 500 leading credit indexInterest rate spreadsAverage consumer expectations for business conditions

Institute for Supply Management (ISM) activity growth manufacturing index: composite of new orders, production, employment, supplier deliveries, and inventories

Non-manufacturing index: composite of business activity, new orders, employment, and supplier deliveries
Wine Recommendation Highlight:

Sipping on Airlie Winery's Rosé of Pinot Noir

Amy shares her love for Airlie Winery's Rosé of Pinot Noir, a refreshing and spicy wine that she enjoyed during her visit to Oregon's Willamette Valley. This delightful wine helped her get through the 2023 tax season, making it a personal favorite.

Featured Wine:

Airlie Winery's Rosé of Pinot Noir: A refreshing and spicy Rosé perfect for wine enthusiasts looking for something different.

For more information on Airlie Winery and their range of wines, visit their website or check them out when you're in the Oregon Willamette Valley area. And remember to share your favorite wine recommendations with us on Facebook and Instagram @rootedpg. Cheers!

Helpful Links:Rooted Planning Group: Learn more about the financial planning services offered by the episode's sponsor, Rooted Planning Group - www.rootedpg.comAirlie Winery: Discover Airlie Winery's Rosé of Pinot Noir and their other wines - www.airliewinery.comNational Bureau of Economic Research (NBER): Find information on leading economic indicators and other

Welcome to another fun episode of Wine and Dime with Amy Irvine, where we chat about money matters while enjoying some fantastic wine. In today's episode, we'll explore the world of economic indicators, making it easy to understand for everyone. And what better way to learn than with a tasty glass of Airlie Winery's Rosé of Pinot Noir by our side? So, grab your favorite wine glass and join us as we dive into the world of finance with a touch of Oregon's finest wine. Get ready to learn, laugh, and sip with us. Cheers!

What You Will Learn:Economic terms and their impact on everyday lifeUnderstanding leading economic indicators (LEIs) and how they signal a recessionThe role of the Institute for Supply Management (ISM) in tracking economic activity

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at [email protected]

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Understanding Economic Indicators:

The importance of LEIs and how they help predict a recessionAverage weekly hours in manufacturing

Average weekly initial claims for unemployment insuranceManufacturers' new orders for consumer goods and materialsManufacturers' new orders for non-defense capital goods (excluding aircraft orders)Building permits for new private housing unitsS&P 500 leading credit indexInterest rate spreadsAverage consumer expectations for business conditions

Institute for Supply Management (ISM) activity growth manufacturing index: composite of new orders, production, employment, supplier deliveries, and inventories

Non-manufacturing index: composite of business activity, new orders, employment, and supplier deliveries
Wine Recommendation Highlight:

Sipping on Airlie Winery's Rosé of Pinot Noir

Amy shares her love for Airlie Winery's Rosé of Pinot Noir, a refreshing and spicy wine that she enjoyed during her visit to Oregon's Willamette Valley. This delightful wine helped her get through the 2023 tax season, making it a personal favorite.

Featured Wine:

Airlie Winery's Rosé of Pinot Noir: A refreshing and spicy Rosé perfect for wine enthusiasts looking for something different.

For more information on Airlie Winery and their range of wines, visit their website or check them out when you're in the Oregon Willamette Valley area. And remember to share your favorite wine recommendations with us on Facebook and Instagram @rootedpg. Cheers!

Helpful Links:Rooted Planning Group: Learn more about the financial planning services offered by the episode's sponsor, Rooted Planning Group - www.rootedpg.comAirlie Winery: Discover Airlie Winery's Rosé of Pinot Noir and their other wines - www.airliewinery.comNational Bureau of Economic Research (NBER): Find information on leading economic indicators and other economic data - www.nber.orgInstitute for Supply Management (ISM): Learn more about the ISM indices and economic activity - www.ismworld.orgWine and Dime Facebook: Follow Wine and Dime on Facebook for the latest news and updates - www.facebook.com/rootedpgWine and Dime Instagram: Stay connected with Wine and Dime on Instagram - www.instagram.com/rootedpg

Explore these helpful links to learn more about the topics discussed in this episode and stay informed about economic indicators, financial planning, and, of course, great wine recommendations!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.