Wall Street Week 06/21/2024
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- Опубликовано: 20 июн 2024
- On this edition of Wall Street Week, Lawrence H. Summers, Former US Treasury Secretary and Wall Street Week contributor says that tariffs should be applied with greater discrimination. Sonal Desai, Franklin Templeton Fixed Income CIO says that the Fed should welcome a slightly cooling US economy. Glenn Hubbard, Columbia Business School Professor of Finance and Economics and Former Council of Economic Advisers Chair proposes a new economic model and Ian Bremmer, Eurasia Group Founder and President talks about Russia's growing influence in West Africa.
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“You do not need to buy a houuse just rent ” is popular bad advice. But I’m wondering about the “cost” of no longer having a reliable income and loans to pay then you will be come homeless for sometime till you can bounce back on your feet . I’m still driving a 2008 Honda CRV with over 210k miles on it that was paid off over 10 years ago but I have gotten two houses .This is why we all need a good IRA . Choosing a Roth IRA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.
Choosing a IRA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn to invest or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
Cynthia Mcclure Alexander .She is well known; you ought to look at her work.
Cynthia is registered as an IAR and RR. Started a career in finance in 2000. She has worked at 7 firms and has passed the Series 66, Series 63, SIE, Series 7, and Series 24 exams.
09:20 I don't know if y'all caught it but he just argued for the Progressive.
A traditional Conservative seeks progress w/ maximum caution; a Liberal, progress w/ caution; and, the Progressive progress b/c 'this' is a problem and we have a studied solution to address it (we may have unintended effects, but we have made progress and we will just have to make more progress)
At no point did he mention an option of standing still or regressing, like the current GOP operates. If you are proposing a type of taxation that existed in 1840 and it led to problems, that we have then fixed w/ our current system, but our current system has problems you don't go back to the one w/ MORE problems, you move on to the next progression.
Great show, as always!!
Millionaire's can't understand why the people at the bottom half of the economy are economically dissatisfied. smh.
Like any other subpopulation, persons with a financial net worth greater than $1,000,000 are not monolithic and do not want to be discounted for our life experience. 20:06
@@WillRadle1 MOTHER HUBBARD!
Agreed
The takeaway Ian B seems to want to leave listeners with is the risks and dangers of what he labels as "far right. Meanwhile, he was conspicuously silent about the problems of left (in some cases far left) "governance" that brought Europe (generally) and France (specifically) to this point.
@22:08 Glen Hubbard, Columbia U discussing federal government fiscal intervention during crises like GFC, Pandemic, etc.
Westin: "We have government playing in the game rather than just refereeing."
Hubbard: "The clinical answer is that it risks mis-allocating capital, but the more fundamental answer = government is not good at two things: 1) picking winners; 2) letting go of losers. The fear is that these subsidies become quasi permanent entitlements... that dull competition."
"Snap elections" What is that supposed to mean? The UK has a general election every 4 years. That is not a Snap Election.
By transitioning American dreams (young couple houses) into plantations that rival those of the 19th century . It’s THAT SIMPLE
I suppose it's appropriate that, as in the U.S., a large segment of registered voters do not see the threat to democracy an authoritarian leader represents. In both France and the U.S., we can only hope that lack of understanding changes when actual voting takes place. I also cannot agree with the description of Biden industrial policy as being frivolous. Because of Chinese industrial technology subsidies and the national security concerns of TSMC's dominance being located in the crosshairs of Chinese nationalism, Biden's Semi-Conductor Industrial policy was necessary. Lastly, the Infrastructure bill was needed to address decades of neglect in maintaining our electrical, water, transportation, etc. systems.
Wall Street Week
06/21/2024
Isn't forgiving billions and billions of student loan debt money allocated to education?
"illicit governments in West Africa"? Come on Ian Bremmer. Virtually all governments in Western Africa have been illicit, even those supported by France and the US. This isn't about democratic legitimacy, it's about power. Russia is now winning the game. Deal with it.
AI will change lives more than electricity, cars, planes, internet and modern medicine?
These AI weirdos are so insane. So far AI changem my life by having to look at half of thumbnail in RUclips to be fake AI generated with clickbait women.
Just wait until your AI doctor misdiagnosed your medical condition because it was trained on bias Wht man data. AI used in our financial institutions to approve or deny loans or your accused of crimes by the police that is run on AI.
Ok here we go. I'm going to comment on some topics with the Hubbard discussion.
1. The dissatisfaction of Americans is REALLY, a quite complex structure with different views yet simple in all areas leading to the same answer. It's complex because Americans know that things are unfair whether it's financially, morally, justful, mindful, etc. Let me break it down, senior citizens and the older generation are very political and are not fond of the government, they have less trust year over year. Definitely a huge factor in their lives.
The millennial generation is the one that has it the hardest because a typical person in this age range can't really afford a home by themselves, they need a partner. You need 2 incomes to maintain a standard of living. If they do have a partner and think about having a family they won't have large families like their parents did because of costs of overall living. Some of these couples don't even want kids because they consider it a burden. They want a fun and easy lifestyle. Sad to hear these are the facts for some young Americans and their valuesets now at days. Bottomline, we think about money a lot and/or how it impacts us.
The last adult generation is gen z. Supposedly the entitled generation that lacks direction yet extremely tech savvy. The reason i say this generation lacks direction is because they haven't experienced what it is like to have true leadership. Chances are they don't have aspirations to choose a title of worth or career path that matters in our country so we can contribute not ony to a small society but to the world. We should be supporting the next gen in engineering, or architecture or science or technology or medicine and cures. We are not becoming a country with a generation of aspiring thoughtful or engaging leaders. I'm certain their lives are posted online in multiple areas/ platforms more often than the norm.
2. The stock market is not the economy. These are 2 separate entities. The solution to all this is true leadership that has proven results. It's going to be a difficult task for us a country to decide so many good leaders in our lifetime whether it's at work, finding a hobby, at school, local community/city, etc. Only time will tell...
3. Production and Growth are extremely different views when it comes down to Main street vs Wall Street.
Wall St View: more debt, more manpower/workers for cheap labor, more consumption, more bailouts, more greed, more paid lip service, its basically just more of the same!!!
Main St view: better raises/wages, better living standards, better Q.O.L. (quality of life), better leadership, better innovations, better stability and affordability, better products, goods, and services...
4. On the topic of Business Model, I reserve the right to remain confidential even though my partners at Bloomberg haven't not experienced it's full usage. I am fully aware many companies are trying to copy my business model and it will never be easily copied, intervened, or disclosed. 😁
5. A.I. should support the retirement of government and outsource officials already. I don't think it's rocket science to survey thousands of our fellow Americans to decide what shall we support or oppose.
For the last word on transitioning companies, I will just say it takes a serious type of gifted talent for someone or some people to make things happen in the right direction. I wonder if these kinds of people are still around. 😄
Albert (Owner) of $mart Investing
🔥🔥🔥
"not enthusiastic" about Trump's tariffs-only idea? He called it the "worst economic idea in the history of the United States."
Wall Street , nothing more needs to be said. 😴
GE... corporate America sold out Lufkin Texas buying Lufkin Industries for the Gear Box technology/ Patents...I threw out and busted all bulbs made by GE. How's that Stock price doing investors?????
Lawrence summers has no idea what he’s talking about when it comes to a.i. a.i doesn’t correct itself it’s trained through models! Also Models hallucinate constantly it’s impossible to create a model that doesn’t hallucinate and it’s not about energy or data, output isn’t the same as perception, machines don’t perceive they create outputs based on inputs. They are aggregators and they aren’t going to get further than chat bots, simple image generators is extremely intensive for GPUs we are pushing our economy down a useless path because of the wow created by ChatGPT…the next leap in society isn’t going to be based on silicon based chips, maybe quantum computers
The reality of Wealth Gaps ?
Can the 99% population talk about the topic of "Reality of today's Wealth Gaps"? Can this topic be included in mandatory school learning material? CHANGE can only happen when the 99% population and their children learn the truths of their reality first.
Total lies....
AI most definitely the most dangerous form of new technology. Haven't seen the worst outcome yet. Will use lots water to cool data centers. Electric companies are going to raise rates for the building of the new grid.
Not a fan of this technology.
👋🏽💥🛎
This what no one talking about
It's giving Mad Max energy
I wouldn’t consult Larry Summers to run a birthday party.
🤣🤣🤣
👋🏽💥🛎 That Part
😂😂😂
👋🏽💥🛎 That Part
Lets go back in Time Now..!
1989🇯🇵💨
Summers is so hard to listen to. The sloooooow slog of bullet points is tortuous!!
Great show, as always!