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How to Lose a Billion Dollars in Crypto

(11/9/22) The election is past; time to move on: Why Markets can now be optimistic. Stocks tend to perform well in the 12-months following a midterm election. With stock buybacks, Thanksgiving, and end of year maneuvering, markets will see uptick in activity., but it's going to be sloppy. Disney streaming disappoints: Too much competition, not enough good content. The Crypto-crash of FTX; Sam Bankman-Fried fries his fortune, losing 94% of net worth. The problem with crypto currency is extreme volatility. 17% of Americans say they're spending less for the holidays. Having brisket for Thanksgiving. What happened to the economy in August-September? This Recession vs 2012: Tech is down, industrials & manufacturing keeping the economy afloat, but cracks in that foundation are appearing. Impact of Fed rate hikes are still to come; look at staples vs discretionary. Markets Futures & Election Outcomes: essentially gridlock in Congress. No new spending, but the government will continue with Continuing Resolutions, heaping debt upon debt. Why government spending "that pays for itself" never does; why the CBO is wrong.

2:42 - Why markets Can Be Optimistic
14:13 - How to Lose a Billion Dollars
30:08 - More are Spending Less for the Holidays
44:09 - Why the CBO is Never Right

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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