4.6 • 1.1K Ratings
🗓️ 18 December 2013
⏱️ 59 minutes
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0:00.0 | S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media |
0:07.0 | to bring you unscripted interviews and breaking commentary direct from Wall Street, |
0:11.0 | right to you on Main Street. |
0:15.0 | How's it going out there? It's Wednesday, December 18th, and I'm friend Curzia, |
0:19.0 | hosted the S&A Investor Podcast, why break down the headlines, and tell you what's really moving these markets. |
0:27.0 | According to the Federal Reserve, household wealth is at an all-time high. |
0:36.0 | Federal Reserve said on Monday, household wealth increased 1.9 trillion to 77.3 trillion in the third quarter. |
0:45.0 | It's the highest level, |
0:46.1 | such we've been keeping records. |
0:48.1 | The 1945, it's a ninth straight quarter of increases. |
0:53.1 | I know I watched my buddy Aaron Task poke fun at this report in Yahoo finance saying that most of |
0:57.6 | this stems from rich people getting richer. |
1:00.8 | This is household wealth guys. |
1:02.6 | There are plenty of middle class Americans that own homes. |
1:05.5 | The value of that home has certainly gone up since 2010. |
1:10.3 | Chances are, very, very good chances are your 401k, which should be in mostly conservative stocks, right? Like S&P 500 is up 25% this year. |
1:20.0 | That index up 125% off its March 2009 lows. |
1:25.0 | I've been debating this and talking about this. |
1:29.0 | For how many weeks now, three or four weeks, |
1:31.0 | getting a ton of emails? |
1:32.0 | People have ripped me apart. It's not that good. It's really not that good out there. |
1:37.1 | I'll be ranting about it. The truth is, he is the numbers. Things aren't that bad. |
... |
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