05-08-2020: Opinion: Economist With 'Perfect Record' Is Betting Current Recession Over By End Of 2020
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 8 May 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
05-08-2020: Opinion: Economist With 'Perfect Record' Is Betting Current Recession Over By End Of 2020
An expert's theory argues that COVID-19 is an 'accelerant' of underlying trends for a recession that started in Q1 this year.
Today's Stocks & Topics: RE - Everest Re Group Ltd., STNE - StoneCo Ltd. Cl A, Muni-Bonds, FDMMX - Fidelity Massachusetts Municipal Income Fund, Economic Numbers, SQQQ - ProShares UltraPro Short QQQ, FNV - Franco-Nevada Corp., Looking for New Stocks, VZ - Verizon Communications Inc., The Lows, Rollovers, V - Visa Inc. Cl A.
TRIVIA QUESTION: "What are the 4 types of treasury securities? And, going back in time, what was the name of the agency that managed U.S. debt?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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/brands
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, and now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Friday, May 8, 2020 and we just |
| 0:27.8 | completed another week and states are beginning to reopen their economy, some more aggressive about it, and some haven't even |
| 0:37.0 | started, but most have least gone into phase one of what their opening is. I thought it was pretty funny here in |
| 0:45.8 | California when the governor listed some of the businesses is going to reopen |
| 0:50.6 | and he listed on their shoe stores and I'm just wanting you know you're not supposed to go on the |
| 0:55.3 | shoe store there's you're just supposed to pick up the stuff on the outside the shoe |
| 0:58.6 | store you can't go in oh how do you try the shoes on? I thought that was pretty funny. |
| 1:04.0 | But I don't see how that's going to work. |
| 1:07.0 | Anyways, we are, all states are beginning to at least start to crack the, uh, the, the, the, the, the, the, the the COVID shutdown open. |
| 1:17.0 | That's good. That's really good. |
| 1:19.0 | You know, they're trying to do it slowly, they're trying to protect everybody's health and you know I just not expert or nothing know how fast how sold they should go I don't know |
| 1:30.8 | But for us investors you know it's very important. |
| 1:34.0 | The stock market always trades on what they think that future is going to look like. |
| 1:39.0 | And obviously investors are thinking the future are looking kind of bright at this point. |
| 1:45.4 | So probably because all the trillions of dollars the Federal Reserve and the Federal Government |
| 1:50.3 | is throwing at the problem. |
| 1:52.1 | I think that's probably the main reason because |
| 1:54.3 | it certainly isn't the numbers. You know the economic numbers or the earnings |
| 1:58.2 | numbers they're not going to look good. Just not. Okay this is a Colin. I want to hear from you. I'll answer any questions you have long as it's financial and the number is 888-99 chart. |
| 2:09.0 | I'm Steve Peasley and I hope you will call me. |
... |
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.

