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InvestTalk

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

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K 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?"

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Transcript

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.

...

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