InvestTalk 6-21-2024 – How and Why 'Buy Now, Pay Later Debt' Could Become a Problem for the U.S. Economy
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 22 June 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
There is currently no way for economists, regulators and analysts to know how rapidly buy now, pay later loan debt is growing, which could lead to unforeseen economic consequences.
Today's Stocks & Topics: AESI - Atlas Energy Solutions Inc., Market Wrap, KPP Newsletter, SCCO - Southern Copper Corp., How and Why 'Buy Now, Pay Later Debt' Could Become a Problem for the U.S. Economy, INFY - Infosys Ltd. ADR, Credit Card Debt, Higher Mortgage Rates, NVDA - NVIDIA Corp., Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Ser, Oil and Gasoline, ADMA - ADMA Biologics Inc., CMG - Chipotle Mexican Grill Inc., Fully Paid Lending, The U.S. Stock Market.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:16.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial portfolio manager Luke Guerrero. Good afternoon fellow investors and congratulations on making it to the end of the week. |
| 0:39.0 | My name is Luke Guerrero. |
| 0:40.0 | Today is Friday, June 21st, 2024, which not only marks the second to last |
| 0:45.2 | Friday of June and the second to last Friday of Q2 in the first half of 2024, but also |
| 0:50.5 | the first day of summer. So for all of those that love summer as much as I do |
| 0:55.1 | and are looking forward to get out into the sun, |
| 0:57.3 | we made it. |
| 0:58.8 | Now aside from the weather, which certainly you can tell |
| 1:01.0 | I'm very, very excited about. I'm also excited about the show today |
| 1:05.1 | where we'll be discussing some very interesting topics and hopefully you know I don't |
| 1:08.8 | want to sound too corny when I say this I don't want to sound like Time magazine's 2006 cover where they said the person of the year is you. |
| 1:15.8 | But honestly it's true. |
| 1:17.4 | You are the most important part of the show because I need to know what you want to know. |
| 1:22.4 | So feel free to call in any time over the next hour or seven days a week at 88899 chart. |
| 1:27.2 | Now in a bit we'll talk about today's market performance and run down the show topics but after we answer our first caller question now. |
| 1:35.6 | Hey, how's it going? Luke and Justin, this is Jason from Atlanta. |
| 1:39.4 | I was calling regarding Atlas Energy Solutions, takeearns, Tic Assembles A-E-S-I. I have a small position right now, but with oil, being that they want to produce more oil, you know, to keep the price slow, I was wondering if this was a good time to get into this thing. So I'd like to know your opinion on it. Thanks. |
| 1:58.8 | So to your AESI Atlas Energy Solutions is a propent logistics company and you may be asking yourself what is that. |
| 2:05.6 | Well let's take a step back and talk about the US oil industry. |
... |
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