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InvestTalk

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

Entrepreneurship, News, Investing, News Commentary, Business, Business News

4.41.5K 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.

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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.

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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