03-30-20: The Fed’s Balance Sheet Just Passed $5 Trillion For The First Time
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 31 March 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The central bank is greatly increasing the amount of Treasurys and other assets it owns in an effort to keep markets and the economy afloat during the coronavirus crisis.
Today's Stocks & Topics: Portfolio Risk, Roth I-R-A, AXP - American Express Co., BKNG - Booking Holdings Inc., EXPE - Expedia Group Inc.,
MLM - Martin Marietta Materials Inc., MPC - Marathon Petroleum Corp., Dollar Cost Average.
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Transcript
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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 fellow investors and welcome to Invest Talk. This is our |
| 0:27.8 | Monday, March 30th, 2020 edition of Invest Talk and I thank you all for tuning in today and as usual over the past what two months now the |
| 0:40.1 | coronavirus crisis marches on to affect economies really around the world and |
| 0:46.3 | we're going to talk a lot about that today the short medium and long-term |
| 0:50.9 | effects of what's happening in our economies and our markets. |
| 0:56.0 | And I think it's very important especially in times like this when you have |
| 1:01.0 | changed, you have major change and don't think this is a short-term issue that is going to |
| 1:11.4 | resolve itself in a couple months not to say don't think things are going to resolve itself in a couple months. |
| 1:13.0 | Not to say, I don't think things are going to get better in a couple of months, |
| 1:16.0 | but this is a seminal event. |
| 1:19.0 | This is a seminal event in history of the world. It is I think the spark that will make major |
| 1:30.5 | have major changes take place in all areas especially the top |
| 1:35.9 | theory will be health care it will probably be political right political |
| 1:42.3 | upheaval from political upheaval |
| 1:43.0 | from changes of policy, changes of leadership, |
| 1:49.0 | changes in priorities within government, |
| 1:52.0 | you think of the home department of homeland security |
| 1:54.7 | didn't exist before 9-11 and obviously we reacted to that in a very dramatic way |
| 1:59.7 | and built up this big infrastructure and bureaucracy that is designed to keep us safe |
... |
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