10-31-18: Bitcoin Is ‘Anything but Useful’ Says Ex-Federal Reserve Chair Janet Yellen
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 31 October 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
In a speech, Yellen labeled Bitcoin a “highly speculative asset” and “not a stable source of value".
Today's Stocks & Topics: AMZN - Amazon.com Inc., APU - AmeriGas Partners L.P., CBLK - Carbon Black Inc., Buying a Car, WRK - WestRock Co., IP - International Paper Co., Volatility Index, GCINX - Green Century MSCI International Index Fund Investor, Emergency Funds.
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| 0:18.0 | KPP Financial, Steve Peasley President, KPP Financial, Independent Thinking, shared success. |
| 0:28.0 | And now today's podcast. |
| 0:30.0 | Good afternoon everybody and thanks for joining me today on Invest Talk. It is |
| 0:38.0 | Wednesday on October 31st so happy Halloween. October's volatility might be considered sort of a trick or treat, more of a trick this |
| 0:47.6 | Halloween than its treat so far, but we're at the last day, so I guess the treat was the last two days. |
| 0:54.0 | Well, that's just the way it is. |
| 0:57.0 | We talked about it a lot in August, September, |
| 1:00.0 | about the volatility of October, so we should, no one should should be surprised we'll talk about it more. |
| 1:05.6 | I'm Steve Peasley and I thank you for making time for Invest Talk and we have one clear |
| 1:10.4 | objective here on the show to help you grow and protect your investments and of course we welcome |
| 1:15.6 | your call your phone calls and any questions as long as their financial. |
| 1:19.7 | 88899 charters are number 88899 cha r t gm reported profits and they were good they were very strong |
| 1:31.2 | mostly on revenue from sales of expensive trucks. That's where |
| 1:35.2 | the profits are derived from. In fact GM's revenue hit the tape at an increase |
| 1:40.3 | at 6.5% year over year. |
| 1:42.6 | That's very good. |
| 1:44.7 | Bong ways from being bankrupt in 2008, right? |
| 1:49.2 | Remember that? |
| 1:50.3 | If all bankruptcy, all shareholders lost all their money in GM way back then. |
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