04-15-20: JP Morgan Chase Will Strengthen Mortgage Borrowing Standards
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 15 April 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlook and stress in the housing market.
Today's Stocks & Topics: Private REITs, Coronavirus vs. Globalization, VMW - VMware Inc., Market Trends, Investing Strategy, USO - United States Oil Fund LP, UAL - United Airlines Holdings Inc., 401k, Bonds, RCL - Royal Caribbean Cruises Ltd., Payment Apps, ABR - Arbor Realty Trust Inc., 5G Stocks.
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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 |
| 0:27.2 | Invest talk. This is our April 15th 2020 edition of Invest Talk and there's a lot of financial disruptions that are being |
| 0:36.5 | caused by this COVID-19 pandemic and there's certainly the most serious crisis since 2008, and in a lot of ways it's worse, right? |
| 0:49.0 | 2008 was a financial crisis that morphed into a Main Street crisis and this is the |
| 0:56.6 | opposite. This is a main street crisis that is morphing into what likely will be a financial crisis at some point. |
| 1:05.0 | The Fed has done at least enough in the near term to stave that off, |
| 1:11.0 | but the big question is will they be able to stave it off? |
| 1:14.1 | Indefinitely. |
| 1:16.0 | So many may see a lie at the end of the tunnel, |
| 1:19.0 | but I think we're going to have a lot of fits and starts with this return to normalcy and it's very unclear |
| 1:28.0 | what that path is going to be but we know that there's a low likelihood that it's smooth sailing, right, once we open |
| 1:38.0 | the economy and we know that we're in a different world than we were just a few months ago and habits |
| 1:46.6 | have changed and I see that with my friends my family as well as talking to our clients and our listeners. |
| 1:55.0 | So here we are. |
| 1:56.0 | We must face this new reality. |
| 1:58.0 | But we're going to do that together, |
| 2:00.0 | and you have finance investing questions, and I will do my best to provide the unbiased answers. |
| 2:07.0 | So as an investor you want strategies that will help you deal with its volatility and to help you succeed in a time where |
| 2:14.6 | guess what indexing is not going to work most likely |
... |
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