Easy Money Returns

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 12 September 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The European Central Bank cut rates this week and the Fed is expected to cut rates next week. When money gets cheaper, the party gets started. (00:21) David Meier and Ricky Mulvey discuss: - OpenAI’s $50 billion valuation jump in one week. - A space SPAC that’s more than 10xed since April, 2024. - One of Warren Buffett’s top lieutenants selling $140 million of Berkshire Hathaway stock. Then, (16:27) Asit Sharma joins Ricky to look back on Meta’s turnaround story and what it means for investors today. Companies discussed: MSFT, ASTS, RKLB, BRK.A, BRK.B, META, LE Visit www.factormeals.com/foolpod50 to get 50% off your first box plus 20% off your next month. Host: Ricky Mulvey Guests: David Meier, Asit Sharma Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get ready for an easier money era. You're listening to Motley Full Money. I'm Ricky Mulvey joined today by David Meyer.
0:13.0	Thanks for being here. I'm Ricky Mulvey joined today by David Meyer.
0:23.2	David, thanks for being here.
0:24.7	Thanks for having me.
0:25.5	It's good to be here.
0:26.6	So I've got the glow sticks, you've got balloons,
0:29.6	we'll have chocolate ice cream cones.
0:31.6	Welcome to the Easy Money Party.
0:33.3	Are you ready to get started?
0:35.0	Absolutely.
0:35.9	I love Easy Money.
0:37.6	We got a rate cut this week from the European Central Bank.
0:40.2	The Fed is widely expected to cut interest rates at their meeting next week.
0:45.0	This is the second cut for the ECB.
0:48.0	And the central bank also ticked down its growth forecast over across the Atlantic. I mean I said it a little tongue in cheek
0:55.3	but this is a sign that money is getting easier, growth is slowing down, what
0:59.6	should investors make of it? Should they celebrate? Yes, I think they should celebrate a little bit. What's
1:04.8	happening is there's it's definitely marking a change in monetary policy. For the
1:11.0	longest time rates have been higher money has been tighter to use the other side of the language
1:17.8	But the thing is right now well we're gonna see how many cuts are actually made and we're going to see how quickly
1:23.3	they, that the various central government, potential banks make them across the world.
1:28.5	But yeah, I think this is a good thing.
	...

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