01-30-20: CBO Predicts: U.S. National Debt To Rise To $31.4 Trillion By 2030
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 31 January 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
The gap between spending and revenue will continue to widen and would dampen economic growth over time-- possibly hitting 180% of GDP.
Today's Stocks & Topics: KLA - CKLA Corp., Cut downs if You Want to Be Rich, Bear Market Coming, Economic Numbers, Coronavirus, HDLV - ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN, I-R-A, QCOM - Qualcomm Inc., PCG - PG&E Corp., BABA - Alibaba Group Holding Ltd. ADR.
TRIVIA QUESTION: "What was the total DOLLAR volume among Super Bowl advertisers in 2019-- and what PERCENTAGE of the 2019 Super Bowl TV audience was female?"
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk it is January 30th. We're |
| 0:26.8 | coming rapidly to the end of the month and Super Bowl this weekend this weekend |
| 0:31.8 | I'm looking forward to it and I just got back |
| 0:34.8 | from New York this afternoon a couple hours ago and I really appreciate all those |
| 0:41.4 | who met me both in Dallas and New York. |
| 0:43.6 | It was a fun time. I enjoyed meeting people. |
| 0:46.7 | New York was a lot of fun. My wife liked it a lot. |
| 0:49.1 | Anyways. But I do thank those people who set up an appointment and met with me and hopefully we'll be in touch. |
| 0:57.0 | Anyways, welcome to the show. We've been certainly seen, I've been watching the market and it certainly is volatile, I'll say that I mean today |
| 1:05.1 | today inter day today down up down up I mean it was pretty volatile so that you know as a concern, you know, because volatility is picking up. We'll see. |
| 1:20.0 | Well, welcome everybody to Invest Talk. It is Thursday, as I said, January 30th. |
| 1:26.0 | And I think volatility will continue into the new year. I've been mourning about that. |
| 1:29.8 | I think we've seen it already, and I think it will continue. |
| 1:33.8 | The question is, really, the question is, |
| 1:37.8 | is this volatility going to turn into a correction, |
| 1:41.0 | a bear market? Is it? That's really the question which I can tell you at some |
| 1:48.1 | point in history going forward we will have a bare market. |
| 1:53.6 | What is a bare market? Where the market goes down more than 20%. |
| 1:56.8 | We will have a correction, which is around 10%, that's a decent correction. I think we'll have a decent correction of 10% or so |
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