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Wall Street Unplugged - What's Really Moving These Markets

Ep 403: The New Age of Hoarding Cash

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.51.1K Ratings

🗓️ 13 April 2016

⏱️ 60 minutes

🧾️ Download transcript

Summary

Joe Brusuelas, chief economist at consulting firm RSM US LLP, breaks down the "good and bad" of negative interest rates and what it means for individual investors.  He highlights the huge risks - including banks storing cash and a possible collapse in money market mutual funds - if the Federal Reserve follows Europe and Japan's negative interest rate policy.  Joe then talks about the SALT conference which is being held in Las Vegas next month.  He will be speaking alongside some of the greatest hedge fund managers, political figures, CEO's and creative thinkers including Mark Mobius, Kenneth Griffin, John Boehner, Lawrence Summers and Sam Zell.

Transcript

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0:00.0

Wall Street Unplugged looks beyond the regular headlines heard on mainstream

0:06.1

financial media to bring you unscripted interviews and breaking commentary direct from Wall Street

0:11.8

right to you on Main Street.

0:14.0

How's it going out there? It's Wednesday, April 13th.

0:20.0

I'm Frank Curzy, I'm hosting the Wall Street Unplugged Podcast where I break down the headlines and tell

0:26.0

you what's really moving these markets.

0:28.2

You know, I had a lot of time, the past few weeks, reading a lot of financial blogs, watch, um,

0:35.0

C, and B.C. Bloomberg past few days.

0:38.0

I also get newsletter promotions, hundreds of them, just like you,

0:42.0

subscribe to anything, just flood your email box.

0:45.0

Even to the good sites, like Wall Street Journal and stuff like that, I mean I have to say, if they're're reading watching a lot of TV and these financial outlets

0:56.9

it's got to be difficult being an outside investor.

1:00.9

You know my outside investor I mean someone that has a regular job a lot of these listeners you know outside

1:06.0

the stock market is love to trade stocks maybe invest in a few newsletters looking

1:12.4

for new trends ideas to invest in, whatever that may be,

1:15.1

industrial internet, big data, virtual reality, you know, whatever these trends are.

1:21.0

So if you're watching TV and you're reading quality sites too, right?

1:24.8

Wall Street Journal, CMBC, market watch, the advice is all over the place.

1:30.1

All over the place.

1:32.0

I mean, just this week I sort a front page of Market Watch saying

1:37.7

risks of a recession may be higher than you think. Your Bank of America says Europe looks frightening, could be another crash.

1:45.0

This was yesterday you have Soros, Joy Soros on, you know, big manager, hedge fund

...

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