09-16-19: Analyst Report: The Global Economy Slumps When Oil Prices Spike
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 16 September 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
Can high oil prices cause recessions or are they simply a proxy for other determinants of the business cycle?
Today's Stocks & Topics: Yields, Value vs. Growth, Parents' Financial Advice, EFX - Equifax Inc., 2-year treasury: 1.765%, 10-year treasury: 1.86%, Gold: $1,508, Oil: $61.63, PM - Philip Morris International Inc., GM - General Motors Co., United Auto Workers, JPM – JP Morgan Chase & Co., Automatic Indexing, EWZ - iShares MSCI Brazil ETF, GLPI - Gaming & Leisure Properties Inc., NAVI - Navient Corp.
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 Monday, September 16th, 2019 edition of Invest Talk. |
| 0:32.0 | And we enter today's market with some crazy news. |
| 0:37.2 | The there was a suspected attack on Saudi oil production by Iran and it took about the price of oil up about 5% |
| 0:49.4 | actually more than that over 14% I'm sorry it took 5% of the world's oil off line that caused |
| 0:56.1 | the spike in oil and this is just one more set of news that will impact global economies, global markets, and only time will tell |
| 1:09.2 | whether this is something that sparks maybe a bigger conflict, more problems in the oil market, more |
| 1:15.3 | problems economically, or it's just a one-off blip and they get back online rather quickly |
| 1:20.9 | and everyone looks past this and maybe they blame it on something else, who knows? |
| 1:26.5 | So there's a lot of variables at play and you are probably here for some unbiased guidance and you've come to the right place if that's the case |
| 1:35.4 | I'm Justin Klein and I hope you will call me with your investing questions during this hour |
| 1:41.0 | and if you do make that call you can shape this show to your |
| 1:44.6 | advantage and we're going to help you make your next step in your path |
| 1:48.7 | towards your personal journey towards financial freedom. |
| 1:53.0 | And we're going to do that each and every weekday |
| 1:55.0 | with a philosophy of independent thinking and shared success. |
| 1:58.4 | Once again, this is not CNBC, I am not Kramer, I'm not here to make outlandish comments. Of course we want to entertain, that's |
| 2:07.6 | really what Kramer is all about, but we also want to give you some perspective and information and data that can shape your |
| 2:16.8 | decision-making process over time so that you can make the best decisions for |
| 2:22.4 | you and your particular situation. |
... |
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