04-24-20: Opinion: 'Day Of Reckoning' For Social Security May Be Closer Than We Imagined
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 April 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
With the COVID-19 crisis, a lot less money is coming in and more will soon be going out.
Today's Stocks & Topics: Durable Goods Report, Global Oil, ECL - Ecolab Inc., BYD - Boyd Gaming Corp., Diversification, BYDDY - BYD Co. Ltd. ADR, SPHD - Invesco S&P 500 High Dividend Low Volatility ETF, CLM - Cornerstone Strategic Value Fund Inc., Up-trends, Income.
TRIVIA QUESTION: "Prior to this week's negative valuations, in which year did 'inflation-adjusted' OIL prices reach an all-time low? And-- from 1870 until today-- what is the inflation percentage experienced in the United States?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | 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 this is what April 24th |
| 0:28.9 | April 24th I can't believe how fast April is going by you know and two it's it's different because in one |
| 0:35.2 | sense it's going really slow because the coronavirus and another sense it's just slide by |
| 0:40.8 | it just is interesting okay and of course you know the financial disruptions from this pandemic is still taking place. |
| 0:48.0 | I mean, we haven't reopened yet or even... |
| 0:51.0 | Well, I can't say we haven't began there's a few places that all are but this |
| 0:56.0 | crisis is caused by us back in 2008 it was a financial crisis that caused you |
| 1:02.0 | the mortgage default meltdown but today we |
| 1:05.0 | it was caused by a virus and our reaction to that virus you know I mean we cut |
| 1:10.5 | that we've shut down everything across the country all at one time. I mean that's |
| 1:15.8 | dramatic. Apparently they're now about six states who decided to reopen. I don't |
| 1:22.0 | think they all completely reopen, but at least began to reopen. |
| 1:26.0 | And that's very controversial. I'm not sure why. I think every state should make a zone decision. |
| 1:31.0 | I mean, you can't compare a state like I don't know |
| 1:35.3 | Montana to California or New York. It's very different. I mean I think how many people live in Vermont? |
| 1:45.1 | 250,000 people, 300,000 people in the entire state? I don't know. I know it's very low. |
| 1:50.2 | So that's, you have, each state has to, you have to look at it individually, I think, |
| 1:55.0 | the retool area, you know. |
| 1:57.0 | But I'm not sure why it's so controversial, but it apparently is. |
... |
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