09-04-19: Notable Investor Warns Of ‘Serious Problems’-- Reminiscent of The Late 1930s
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 September 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
Hedge fund titan Ray Dalio is worried that the current landscape is starting to resemble Depression-era conditions that could hammer investors.
Today's Stocks & Topics: U.S. vs. World Currency, Executor of Estate, Beige Book Report, Bad Sectors, Gold: $1,549 per ounce, 2-year treasury yield: 1.47%, 10-year treasury yield: 1.47%, 20-year treasury yield: 1.77%, 30-year treasury yield: 1.95%, Bitcoin: $10,414 per coin, Oil: $55 per barrel, Gasoline: $2.57 per gallon-- national average, TM - Toyota Motor Corp. ADR, PODD - Insulet Corp., Interest Rates, REITs & Dividends, SLS - SELLAS Life Sciences Group Inc.
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 everybody and welcome to Invest Talk. It is Wednesday, September 4, |
| 0:25.8 | 2019th and I appreciate being with me as you are every day. I do appreciate your |
| 0:32.2 | efforts to listen. Now we know that the news is |
| 0:35.2 | always changing and always affecting the market and of course we saw it affect |
| 0:39.7 | the market today the reason why the market was up is because Hong Kong's mayor or wherever the |
| 0:45.4 | title is withdrew the legislation making allowing for |
| 0:51.4 | criminal allowing for criminals to be sent to China, mainland China. |
| 0:59.0 | And that was the start, that legislation started the whole mess there months ago but since he withdrew it |
| 1:05.5 | and of course the markets thought well that's a positive time but we'll see I think it's too early |
| 1:09.6 | yet and of course Hurricane Dorian is pretty much missing Florida. |
| 1:14.9 | It's dumping a lot of water, a lot of energy there, but it's not doing the devastation |
| 1:19.2 | that that was at first feared. |
| 1:21.7 | And so that's driving the news and the hurricane is moving up the coast and we don't know exactly where it's going to hit. |
| 1:27.0 | And it's been downgraded and it's no longer the danger it was. This is going to produce a lot of flooding I think along the coast. |
| 1:36.0 | So everybody out there in that area, just be careful. |
| 1:40.7 | Summer has ended and through everything the market has gone up and down sideways. |
| 1:46.5 | I told you it's going to be very volatile and volatile to the downside and we haven't really lost that much ground really and we haven't |
| 1:58.4 | had a 10% correction yet. |
| 2:00.7 | We're now into September and September is known for being the worst month of the year. |
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