(8/14/23) August means hot weather in Texas, and the conclusion of earnings season, with a re-focusing on economic data. A burning question at the upcoming Jackson Hole rich guys' confab: What will it take for the Fed to lower rates? Profit margins are lower, but holding; Markets test 50-DMA and bounce. The real Fed funds rate; why the Fed would cut rates: Recession or crisis (the Fed WILL cut rates, just needs a reason). The Saga of the Roberts' Racoon; What happens next with a data-dependent Fed? Data is little more than guesses; statistical samples are taken as gospel. The trend of data is more important than The Number. A discussion of wealth inequality vs personal financial responsibility: How to build wealth 1.) start a business, grow it, and sell it; 2.) Savings. Rule #1.: Never borrow from retirement savings. 3:02 - Refocusing on Economic Data 14:23 - Jackson Hole Confab Preview 30:20 - Roberts' Racoon 33:12 - The Fed's Next Move 44:21 - Wealth Inequality vs Personal Financial Habits: How to Build Wealth Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- The latest installment of our new feature, Before the Bell, "Can Markets Bounce Back?" is here: &list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Minimizing the Chances of Dying Poor" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles mentioned in this report: "Stimulus and Consumption Are Fueling Economic Resilience" https://realinvestmentadvice.com/insights/real-investment-daily/ "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #InterestRates #JacksonHole #EarningsSeason #Recession #FinancialCrisis #WealthInequality #Markets #Money #Investing |
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