Neel Kashkari is full of s***

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

4.5 • 1.1K Ratings

🗓️ 30 June 2021

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Last week, the Fed announced the results of its annual stress test… and all the major U.S. banks passed. Now, banks are raising dividends and buybacks—all good news for the economy. But a few days later, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, shared an op-ed slamming bank bailouts. Here’s why he’s full of s***. [00:35] Then, Genia Turanova, editor of Curzio’s MoneyFlow Trader and Unlimited Income, shares her thoughts on whether inflation will be transitory... and the risks it creates over the long term. With all the uncertainty in today’s markets, Genia lays out the importance of hedging your portfolio… and how her MoneyFlow Trader strategy can limit your losses. Genia also offers a valuable lesson on why you should be skeptical of high-dividend-paying companies... and what income investors should look for instead. [25:39] Plus, how retail investors are driving “meme” stocks higher… And who will benefit the most from rising capital expenditures. [57:26] ---------------------------------------------------------------- Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: https://twitter.com/frankcurzio Facebook:. https://www.facebook.com/CurzioResearch/ Linkedin: https://www.linkedin.com/in/frank-curzio-690561a7/ Website: https://www.curzioresearch.com

Transcript

Click on a timestamp to play from that location

0:00.0	Wall Street Unplug looks beyond the regular headlines,
0:05.0	heard on mainstream financial media to bring you unscripted interviews
0:08.7	and breaking commentary direct from Wall Street, right to you on Main Street.
0:12.7	How's it going out there? It's June 30th?
0:18.3	I'm Frank Curzio, it's the Wall Street Unplug podcast where I break that headlines and...
0:24.0	Tell you what's really moving these markets.
0:29.0	Crazy few weeks, earning a season, kind of in the middle of it here.
0:36.0	Not a lot of news out. You know that there's a 24-hour cycle of news and financial news, right?
0:44.0	It's 24 hours so they have to report something.
0:46.0	A lot of stories get amplified when they're not really a big deal.
0:51.0	There was one thing I wanted to talk about that was very, very important that happened.
0:54.0	It was just a few days ago.
0:56.0	And it was the banks.
0:59.0	So the banks came out with the stress test results.
1:02.0	And you really do these stress tests, making sure they're secure, they're fine.
1:05.0	There was stand, so many different things covered out in a second.
1:08.0	And in short, as expected, all the banks passed the stress test.
1:15.0	Now, these banks, they have around 175 billion combined in excess capital.
1:23.0	That's how easily they passed.
1:25.0	Now, put that into perspective.
1:27.0	It equates to about 10% of the average market cap.
1:31.0	So, in other words, let's take JP Morgan, right, largest bank in the world.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Frank Curzio, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Frank Curzio and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.