02-12-20: Federal Reserve: Household Debt Jumps The Most In 12 Years
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 13 February 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
According to the Federal Reserve, total household debt balances increased by $601 billion last year surpassing $14 trillion for the first time.
Today's Stocks & Topics: Is The Market Tired, Big Tech Companies, Warren Buffet, IP - International Paper Co., SSTI - ShotSpotter Inc., SRE - Sempra Energy, Traditional I-R-As, VZ - Verizon Communications Inc.,
PACW - PacWest Bancorp, TSLA - Tesla Inc.
TRIVIA QUESTION: "Over the past 30 years, HOW MUCH of an increase has there been in the average cost to attend a PUBLIC, four-year, institution--- AND...
By the end of 2019, in dollars, WHAT was the total outstanding student loan debt?"
Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me * Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai * Check out Progressive: https://www.progressive.com * Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com * Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com * Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com * Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com Advertising Inquiries: https://redcircle.com/brandsTranscript
Click on a timestamp to play from that location
| 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 Wednesday, February 12, |
| 0:26.4 | 2020 and there of course as usual lots of news coming out every day. Today I guess you know the coronavirus threat is kind of |
| 0:35.4 | calming down. The market has already dismissed most of it because you can tell |
| 0:39.8 | about it reacted today you know even though there was more deaths, but it does seem like |
| 0:45.1 | there was some news out that the pace of the expansion of the virus is |
| 0:50.1 | slowing, so I think that's you know, I think we're past the the home but we'll see we'll see |
| 0:57.0 | but the reason why you listen to Vice of Mark and our best talk here is because we know what drives the market but you know |
| 1:07.1 | should we react to it many times we shouldn't because it's not you know you look for opportunities and |
| 1:15.6 | a and it's something and when the market starts to throw itself in a panic but you know if |
| 1:20.4 | you're a long-term investor short-term events don't really mean so much. |
| 1:24.5 | They really don't. |
| 1:25.7 | So this blacks, they call a blacks-wan event of this coronavirus doesn't really mean much |
| 1:31.2 | in the long run. |
| 1:32.4 | Now it's a question of how much damage is done to |
| 1:34.8 | that economy of China. We won't know that for a while. So you listen to the show to get some |
| 1:41.2 | you know down to earth common sense feedback and maybe help |
| 1:46.8 | with some strategies. |
| 1:48.3 | The market is just going to continue to be volatile. |
| 1:50.9 | That's just the way it is I think for this year. I think we just have to live with it. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

