“Since When Has The Fed Known Anything about The Economy?”

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 6 August 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeremy Siegel, a professor at Wharton and the author of Stocks for the Long Run is ready for an emergency rate cut. (00:21) Jim Gillies and Ricky Mulvey discuss: - Being a buyer of stocks when others are forced to sell. - Signs that the economy is fraying, and reasons not to panic. - Celsius’s quarter. Plus, (17:51) Alison Southwick and Robert Brokamp answer listener questions about bond ETFs, asset allocation, and Social Security. Companies/tickers mentioned: KTB, AAPL, CELH, SCYB, USHY Learn more about the Range Rover Sport at www.landroverusa.com Epic members: Here's where you can to access Epic Opportunities and link your premium Motley Fool account with your Spotify account to access these episodes. And here's the show's home on Spotify. Got a question for the show? Email us at [email protected] Host: Ricky Mulvey Guests: Jim Gillies, Alison Southwick, Robert Brokamp Producer: Mary Long Engineers: Dan Boyd, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Since when is the Fed known anything about the economy? You're listening to
0:08.8	Motley Full Money. I'm Ricky Morvey joined today by Jim Gillies.
0:13.3	Jim good to see you good to be seen Ricky
0:26.2	when the markets go a little nuts I like I like chatting with you yesterday we had a large
0:32.0	drop it due to this currency trading nonsense going on between the Japanese
0:37.8	yen and the US dollar. Now the markets seem to be back. Things in the green things are getting better so you
0:45.2	know I got a mission accomplished banner in my trunk I got a markets in turmoil lawn
0:50.3	sign in my basement what should I be putting up right now? Well I can play the
0:55.3	selfish game. I would argue for turmoil and that's not because I'm channeling
1:01.7	Heath Ledger's Joker from the Dark Night and some men just want to watch the world burn.
1:06.0	There's a reason for this and that is, you know, argue for turmoil because that's when you get better prices in aggregate.
1:12.0	You know, the old adage of the stock market is the only place
1:14.8	where people head for the exits when the half-off sale starts. It's cliche because it's true, you know,
1:22.4	stealing from Buffett, right?
1:24.2	You know you're going to be, at least you should be,
1:27.7	a net buyer of stocks over the course of your life,
1:31.9	all in when you're buying, when you're in a buying mood you want
1:34.8	lower equity prices because you're a net beneficiary in your later years now of
1:40.0	course you know at some point it has to go up you, that's not historically been a problem for the for the US stock market and
1:46.2	other world stock markets.
1:47.5	Now, US is 10 to 12% annualized with dividends reinvested.
1:50.8	Canada is about 8%.
	...

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