MarketFoolery: 06.19.2014

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🗓️ 19 June 2014

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Columnist Morgan Housel analyzes the Fed’s latest move, why wage growth is coming, and why Congress needs to make better sense of the corporate tax structure.

Transcript

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0:00.0	It's Thursday, June 19th.
0:04.3	Welcome to Market Foolry.
0:05.4	I'm Chris Hill joining me in studio today for Motley Fool 1, Morgan Housall.
0:09.4	Thanks for being here, man.
0:10.3	How you doing?
0:11.3	I'm doing okay.
0:12.4	We had that horrific thunderstorm last night.
0:15.0	Oh my gosh and I slept right through it. We did not my wife and we woke up at about
0:19.0	2.30 and we just went out in the living room and watched it. I think it was the heaviest rain, the strongest thunder,
0:25.7	and the most lightning I've ever seen in my life.
0:28.6	Our man, Blake Boren, over in our marketing department,
0:31.0	he told me this morning that when he woke up he said I've never
0:35.0	had, I'm paraphrasing, but he basically said I've never had paparazzi, but I imagine that's what
0:40.6	it's like. It's just like all these flashes going on.
0:43.0	It was 20 minutes of non-stop lightning.
0:45.0	The sky never went dark.
0:46.0	It was incredible.
0:47.0	I slept right through it.
0:48.0	We're going to dip into the full mail bag, but let's start with something that Maddie and I touched on
0:54.3	yesterday but I wanted to get your thoughts on it since you tend to look at the big
0:57.9	macro more so than anyone here at the Fool and that is the latest announcement from the Fed Chief and I
1:09.4	guess we shouldn't be surprised that the tapering continues should we?
	...

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