Why stocks are about to fall 20% (Ep. 631)

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

🗓️ 15 August 2018

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today I welcome back a 40-year market veteran... and one of my favorite bears: Rich Suttmeier. Rich is an incredible analyst. He’s also founder and CEO of Global Market Consultants, with great insight on a variety of topics. He breaks down Turkey’s financial crisis… why it’s significant to individual investors… and how it could be the catalyst that pops a $270 trillion debt bubble. While Rich tends to land on the bearish side, he’s been bullish on FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) for quite some time. He explains why he’s now changing his tune on these tech giants. We also cover the banking sector. Rich highlights several measures banks are using right now to stick it to Main Street. He and I have passionate debates about this sector… so you’re in for some fantastic entertainment and a solid education. Then I break down earnings season in my educational segment [42:35]. On the surface, earnings and sales growth may look positive… but there are significant risks most investors and analysts are overlooking—risks that could push stocks significantly lower over the next six months. As always, I share all the details and numbers to back up this claim… and explain the steps you can take to protect yourself.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:16.0	How's it going out there? It's August 15th.
0:18.0	And I'm Frank Curriez, you host to the Wall Street on Pug Park,
0:21.0	why I break down to headlines. And...
0:26.0	Tell you what's really moving these markets.
0:31.0	Have to tell you, running a business is a great thing.
0:35.0	It gives you a sense of pride, leadership, responsibility.
0:40.0	It's not just about you, it's about your employees, serving your customers,
0:45.0	get to run things the way you want, which always make sure I get feedback for my directors
0:52.0	before I ever making big decisions.
0:54.0	I mean, so many business owners, right? They highlight the positives.
0:59.0	Things are great, it's awesome starting your own company.
1:02.0	Because again, it is your company, right?
1:03.7	And its success or failure depends on you.
1:05.9	Well, mostly you.
1:09.9	Well, they don't tell you.
1:13.0	It gets crazy at times.
1:16.0	And not just running your own shop,
1:17.5	but I know a lot of you business owners out there
1:19.0	they email me all the time.
	...

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