This week on the Market Moment, Matt, Eli, and Lee give you the latest U.S. stock updates as the Consumer Price Index was released today, Tuesday, Feb 13th. Notably, we are in an election year, which may have an impact on the market. See this video from Data Brief to learn more! https://youtu.be/HHwF6IA3M-8?si=5r3wkS5_ebpoy81Y
America's credit card debt is making headlines... The average American consumer has $6,360 in credit card debt, and the national total is $1.13 trillion, the highest in history. A professor of public policy studies at the University of Chicago and former acting chair of the White House Council of Economic Affairs said that while one trillion is overwhelming, "the reality is that this figure is expected to ascend." Additionally, the interest on these credit cards has risen. According to Bankrate, the average credit card charges 20.74% interest. This compounds and can easily snowball into an overwhelming burden that cripples Americans.
Eli, Matt, and Lee also discuss Tesla's new humanoid robots that are expected to replace human factory workers. Here is a video illustrating the robots: https://www.youtube.com/watch?v=cpraXaw7dyc
Is this the beginning of the robot apocalypse The panel disagrees. This is progress and the economy will benefit from the cut costs and increase in profits by using these new tools. Agree or disagree? Tell us in the comments!
We love answering your comments and questions. This week's comment was about capitalism.
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Ep 104: How We Handle Our Own Accounts
Ep 103: Corrections, Recessions & Bear Markets
Ep 102: Making Lemonade out of Lemons
Ep 101: What To Do in a Volatile Market
Ep 100: How Does Inflation Impact Me? Part 2
Ep 99: How Does Inflation Impact Me? Part 1
Ep 98: Am I Ready to Retire? (Part 2)
Ep 97: Am I Ready to Retire? (Part 1)
Ep 96: What is Risk?
Ep 95: Buying and Selling in a Seller’s Market with Rob Winkel
Ep 94: Talkin Bout My Generation
Ep 93: A High Price to Pay (at the Pump)
Ep 92: Taxes: Tips and Tricks
Ep 91: Bracing for the Fed Rate Hike
Ep 90: Market Impact: Trouble in Russia
Ep 89: Crash Proof Investments
Ep 88: This Time is Different
Ep 87: Get it While the Getting is Good
Ep 86: Don’t Worry, the Sky’s Not Falling
Ep 85: How Babies Can Affect the Market
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