It’s Black Friday Again… And Again
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 6 December 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
This week we discuss Black Friday and why it doesn't matter to the markets. Personal spending cools... The market yawns
Credit Card Balances Skyrocket... The market doesn't notice.
The economy starts cooling and the market celebrates. They think the Fed will pivot, but the Fed is clearly saying no. Eventually the market will wake up after it gets hit in the head with a brick.
We also discuss Moral Hazzard and why it will cause the next market crash.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcasts listeners. |
| 0:12.0 | Welcome to this week's show. |
| 0:13.0 | My name is Kirk Chisholm and I'll be your host. |
| 0:15.0 | And today I'm once again joined with my good friend Doug Heygren. |
| 0:18.0 | Hey Doug. |
| 0:19.0 | Hey, Kirk, how you doing today? |
| 0:20.0 | I'm excited, by the way. You know what today is December 1st. |
| 0:22.8 | Do you know what that's the start of? Christmas? |
| 0:26.0 | And what is the start of Christmas? For the next 25 days, it is Advent. Shopping. |
| 0:31.0 | Advent. And guess what? I am a member of two very important Advent calendars that I pick up every year. One is the German beer advent |
| 0:38.1 | calendar and the other is the whiskey advent calendar. So today, I get to start 25 days and |
| 0:43.0 | practically double-fisting. But anyway. How does that work, Doug? How do you get an advent |
| 0:46.3 | calendar with whiskey and one with beer? How do they make that? The beer ones through Costco. |
| 0:51.1 | And it come out with it every year. And it's a company that goes to German microbrews, and basically a big cardboard box and 25 days of popping it open and pulling |
| 0:59.1 | out a nice big 16-ounce German beer, all these local breweries. |
| 1:02.9 | It's amazing. |
| 1:03.8 | And then there's another one that discovered this year that they're doing 25 days of little |
| 1:09.0 | kind of one or two ounce bottles of different |
| 1:11.9 | whiskeys around the world i don't know what we're going to get into i haven't done this one before |
| 1:15.0 | i think it's going to be scotches bourbons maybe it's canadian hopefully we get a little |
... |
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