Finance U: Fed Cuts Rates with Stock and Home Prices at ATHs!
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 19 September 2024
⏱️ 64 minutes
🧾️ Download transcript
Summary
The “apolitical” Fed cut rates by an emergency amount just 6 weeks before a major and contentious election thereby rewarding incumbents. As always, they did this even though it will reward existing asset owners and punish the young who are starting out in life. It’s just who they are, to their bones.
Transcript
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| 0:00.0 | Nothing in this program should be considered investment advice. It is for educational purposes only. |
| 0:05.3 | Please hit pause and read this disclaimer in full. |
| 0:10.1 | They love their families. They love their country. They love freedom and they want what's best for others. |
| 0:17.9 | And I would be willing to state that nearly every single person there, if they could |
| 0:22.5 | lay their life down to change the track, the path that we're on right now, would do it, |
| 0:27.0 | especially for their own families to make the future better. |
| 0:31.5 | The following is the audio version of a video released at peakprosperity.com. |
| 0:37.3 | Visit peakprosperity.com to watch the video and to find other insightful content, |
| 0:42.1 | such as articles, discussion forums, and exclusive subscriber-only content. |
| 0:53.9 | Hello, everyone. Welcome to this edition of Finance You. I'm your host, Chris Martinson, and I'm the CEO of Peak Financial Investing, also PeakPresperity.com. And with me today again, Paul Kiker of Kiker Wealth Management. Hey, Paul. |
| 1:06.5 | Hi, Chris. Good to see you again. Great to fellowship in person over the weekend at the annual summit. What an amazing event. |
| 1:13.9 | What an amazing event. So yeah, we're seeing each other virtually, but we just saw each other in person and a lot of fun. |
| 1:21.0 | And as well, I mean, that was so good. I just love getting together with people. You have to be together with people. I already got a call from somebody, like it really changed them. Like they'd been sort of on the fence thinking, should I, do I have to take action? What am I going to do? They were sort of on the fence, but being around other people who were already on that vibe. Something must have gotten in by osmosis absorption and they just said that's it |
| 1:45.5 | i'm i'm getting busy getting ready because people need to get ready paul as you and are talking |
| 1:51.0 | before we started recording um yes things are popping popping popping creaking popping sounds geopolitically |
| 1:56.9 | financially here and there and today is rate cut Wednesday. The Fed has started |
| 2:04.6 | the rate cuts, which means the fat lady is singing, as they say in opera terms, that means it's over. |
| 2:10.2 | This is usually when markets pop for a tiny bit and then take a dive, take a rest. However you want to |
| 2:16.3 | look at that. Yeah, sheer vertical move on on the upside |
| 2:20.0 | i noticed it and i was like course the news didn't come out and i wasn't watching the press |
| 2:24.3 | release i was like and i like just watching what the market does initially and i'm like okay |
| 2:28.2 | we got 50 bips of cuts yeah and then and then it starts to sell off on the other side but |
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