(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.
SEG-1: Refocusing on Economic Data
SEG-2: Jackson Hole Confab Preview
SEG-3: Roberts' Racoon; The Fed's Next Move
SEG-4: 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
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Watch today's show, on our YouTube channel:
https://www.youtube.com/watch?v=lL8L9O9ZP-E&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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The latest installment of our new feature, Before the Bell, "Can Markets Bounce Back?" is here:
https://www.youtube.com/watch?v=CrYwLlbxHUk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Minimizing the Chances of Dying Poor"
https://www.youtube.com/watch?v=LNSSuF6uJ94&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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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/
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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Contact Us: 1-855-RIA-PLAN
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