8-4-2021: Household Debt Surges to Highest Level In 14 Years
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 August 2021
⏱️ 45 minutes
🧾️ Download transcript
Summary
According to the Federal Reserve, household debt in the second quarter jumped to nearly $15 trillion.
Today's Stocks & Topics: GNTX - Gentex Corp., August Statistics, IPOs, Hedge Funds, Amazon's Drone Delivery Program, SEMR - SEMrush Holdings Inc., CRSP - CRISPR Therapeutics AG, HACK - ETFMG Prime Cyber Security ETF, LB – L Brands Inc., VSCO - Victoria's Secret & Co., APPS - Digital Turbine Inc., RXN - Rexnord Corp., TGT - Target Corp.
TRIVIA QUESTION: "Personal finance website Bankrate-dot-com ranked each U.S. state across five key areas. What states were determined to be the WORST places to retire?"
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Transcript
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| 0:00.0 | Now, on this Invest Talk podcast, Steve Peasley listens to your questions. |
| 0:07.0 | If you're just wondering if you guys can take a look at Target and let me know if it'd be a good long term hold and what would be a good price to get it. |
| 0:14.0 | And provides unbiased answers. |
| 0:17.0 | Yeah, it's a good long term hold. |
| 0:19.0 | Yes, like Walmart, Asco, so it's expensive. It's right at the top of its range. |
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| 0:40.0 | This podcast is produced by KPP Financial. |
| 0:44.0 | Steve Peasley, president. KPP Financial. |
| 0:48.0 | Independent thinking, shared success. And out today's podcast. |
| 0:53.0 | Good afternoon everybody and welcome to Invest Talk. |
| 0:59.0 | It is Wednesday, August 4, 2021. |
| 1:03.0 | And if you look at your calendar, you can see that summer goes zippin' by. |
| 1:07.0 | It just seems as time, as you get older, time goes by a lot faster. |
| 1:11.0 | So you young people enjoy your life way again. |
| 1:14.0 | Because life goes fast. |
| 1:17.0 | It goes very fast. But that's okay. |
| 1:20.0 | Anyways, and of course you saw the market today and pretty, pretty good volatility. |
| 1:25.0 | You know, it's just something we're just going to get used to. |
| 1:28.0 | And it's not that big of a deal, really. It's not. |
| 1:31.0 | Volatility is what it is. It doesn't mean it's bad. It doesn't mean it's good. It's just volatile. |
... |
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