Podcasts about Irrational exuberance

A mix for the program Underground sounds, airing Mondays from 8-10pm on CKUT 90.3 FM in Montreal, below is the track listing, thank you for listening! Artwork is from the DIY for Drug User Liberation Front (DULF) benefit compilation (https://lumpensoup.bandcamp.com/album/diy-for-dulf) and is by Toast (https://www.instagram.com/crustytoast.art) 01. Goats And Lasers, Why Oh Why Bry Lovejoy Goats Amp Lasers Remix 02. Cranberry Virgin, Evermore Bathroom 03. PISS, a little girl's horse craze betrays her 04. Emma Goldman, Irrational Exuberance or Something Like That 05. TJ Felix, I'VE SEEN THE BEST MINDS OF MY GENERATION DIE PREVENTABLE OVERDOSE DEATHS 06. Goats & Lasers, lottery 07. Roach McGuirk, Coulrophobia 08. The Heterosexuals, If 09. Magda Baker, Bon's Off Broadway 10. Natlak, Vermin with Badges 11. Lumpen Soup, The Tower 12. 2 Dollar Jesus, thirteen forty-two 13. Low Dead Space, Die in Vancouver 14. TJ Felix, Throw my Ashes at the Sun 15 M01E, W.A.A.O.D 16. Girlwife, Church-State 17. June Hawthorn, punch 18. Chaos Disorder & Panic, Homes not Games 19. Soledad Coyoli, Quédate 20. Andrew Hurst, Lonely Hunter 21. Julia Cohen, When You Spot The Shore, The Palm 22. Matthew Blair, In A Windowless Room At Dusk 23. Philippe Battikha & Mitch Van Dusen, Bludgeon 24. Errance, Fulminance 25. Errance, Nord 26. Errance, Et si elles n'y arrivaient jamais... 27. Errance, Sans aller 28. Errance, Les possibles finalités 29. Errance, Rage 30. Errance, Lorsque se dispersent les tempêtes 31. Errance, Fracas de nous 32. Totenbaum Träger, EyIran, blown-out 33. Totenbaum Träger, Escalades

Judge Melisa Owens struck down Wyoming's abortion bans.  She did it by unilaterally declaring that abortion is healthcare and by ignoring Wyoming Law.  Paul Cox from Freedom Gold joins me to talk about what is happening in the economy now that Trump has been re-elected.

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.Original article: The Birth of “Irrational Exuberance”

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.Original article: The Birth of “Irrational Exuberance”

It's Inflation Day: Expectations are for a .3% print for October (the Bureau of Labor Statistics reported CPI rising.2%, and up 2.6% over the past 12-months). Remember, it's only a guess; why inflation is destined to rise. Stocks remain over-bought; watch for pre-Thanksgiving volatility; more than half in our Twitter poll sees the S&P at 6,200 by EOY. Why are investors expecting more rate cuts in 2025? Lance & Danny present an Annuity Primer: Why most annuities are sold, not planned for; Lance's Three Rules for Annuities; the different annuity types. Annuities often sacrifice liquidity; protect yourself from yourself. Why annuities are not for everyone. How to win: Out-live the actuarial table! SEG-1: Inflation Day Expectations SEG-2: The Annuity Primer, Pt.1 - Why Most Annuitites are Sold, not Planned SEG-3: The Annuity Primer, Pt.2 - Calculating the Expenses SEG-4: The Annuity Primer, Pt.3 - Why Annuities Aren't for Everyone Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Danny ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=6X1QEdhShs0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2720s ------- Articles mentioned in this report: "Exuberance – Investors Have Rarely Been So Optimistic" https://realinvestmentadvice.com/exuberance-investors-have-rarely-been-so-optimistic/ ------- The latest installment of our new feature, Before the Bell, "Can the S&P Hit 6,200?" is here: https://www.youtube.com/watch?v=VuOdEkfM6UA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Irrational Exuberance...Again?" https://www.youtube.com/watch?v=hs4-vv0lKwQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s ------- 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/ #AnnuityInsights #RetirementPlanning #InvestmentAdvice #AnnuityProsCons #FinancialPlanning #IrrationalExuberance #MarketBubble #InvestorSentiment #StockMarketTrends #EconomicOutlook #FederalReserve #InterestRates #YieldCurve #OperationTwist #JeromePowell #NFIBconfidenceIndex #TrumpWins #ElectionResults2024 #MarketReaction #InvestmentStrategy #PolicyImpact #ElectionDay2024 #MarketVolatility #ElectionInvesting #PortfolioProtection #FinancialTrends #Election2024 #InvestmentStrategy #ElectionImpact #InterestRates #InvestingAdvice #Money #Investing

Earnings Season is winding up, and The Next Big Report to come will be from NVIDIA on 11/20. Markets are on fire for now; what will the Fed do next? We're expecting one more rate cut in December, and then a pause. This week's inflation print could be higher due to YOY comparisons. Mutual Fund Distributions are coming in December; do not be alarmed! The post-election market is on a tear: invesetors are more exuberant than ever. Everybody is betting on everything to go up. A pullback to the 20-DMA is coming, setting up the market for a rally into year end. Lance and Jonathan discuss mutual fund distributions and anticipated portfolio variations. How will markets responsd to Trump policies and government employment levels. Lance's entreprenurial son offers "boyfriends" services for Thanksgiving. Lance & Jonathan parse the pro's and con's of bond portfolios. Investors can have any of the two: Capital appreciation, safety, or liquidity. The problems with 100% bond portfolio, and the impossibility of high income with no risk. Yield is a function of risk: There is no such thing as no-risk (things companies do to stay in business). Markets' exuberance comes with a price: Policy chances will have consequences. Is the 60/40 Portfolio dead? SEG-1: Post-election Markets are on Fire SEG-2: What Mutual Fund Distribution Time Means* SEG-3a: Tommy's Rent-a-Boyfriend Enterprise SEG-3b: The Pro's & Con's of Bond Portfolios SEG-4: There's No Such Thing as No Risk Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer * So we had a software glitch during this morning's live-stream, and lost about :50-seconds of content in this recording at about the :18-minute mark. ------- Watch today's show video here: https://www.youtube.com/watch?v=IZtz1S3R3WQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2635s ------- Articles mentioned in this report: "Exuberance – Investors Have Rarely Been So Optimistic" https://realinvestmentadvice.com/exuberance-investors-have-rarely-been-so-optimistic/ ------- The latest installment of our new feature, Before the Bell, "Everybody's Betting on Everything Going Up" is here: https://www.youtube.com/watch?v=2AISGEpmtMI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why COLA Doesn't Get Any Respect" https://www.youtube.com/watch?v=hs4-vv0lKwQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s ------- 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/ #IrrationalExuberance #MarketBubble #InvestorSentiment #StockMarketTrends #EconomicOutlook #FederalReserve #InterestRates #YieldCurve #OperationTwist #JeromePowell #NFIBconfidenceIndex #TrumpWins #ElectionResults2024 #MarketReaction #InvestmentStrategy #PolicyImpact #ElectionDay2024 #MarketVolatility #ElectionInvesting #PortfolioProtection #FinancialTrends #Election2024 #InvestmentStrategy #ElectionImpact #InterestRates #InvestingAdvice #Money #Investing

Earnings Season is winding up, and The Next Big Report to come will be from NVIDIA on 11/20. Markets are on fire for now; what will the Fed do next? We're expecting one more rate cut in December, and then a pause. This week's inflation print could be higher due to YOY comparisons. Mutual Fund Distributions are coming in December; do not be alarmed! The post-election market is on a tear: invesetors are more exuberant than ever. Everybody is betting on everything to go up. A pullback to the 20-DMA is coming, setting up the market for a rally into year end. Lance and Jonathan discuss mutual fund distributions and anticipated portfolio variations. How will markets responsd to Trump policies and government employment levels. Lance's entreprenurial son offers "boyfriends" services for Thanksgiving. Lance & Jonathan parse the pro's and con's of bond portfolios. Investors can have any of the two: Capital appreciation, safety, or liquidity. The problems with 100% bond portfolio, and the impossibility of high income with no risk. Yield is a function of risk: There is no such thing as no-risk (things companies do to stay in business). Markets' exuberance comes with a price: Policy chances will have consequences. Is the 60/40 Portfolio dead?  SEG-1: Post-election Markets are on Fire SEG-2: What Mutual Fund Distribution Time Means SEG-3a: Tommy's Rent-a-Boyfriend Enterprise SEG-3b: The Pro's & Con's of Bond Portfolios SEG-4: There's No Such Thing as No Risk Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer------- Watch today's show video here: https://www.youtube.com/watch?v=IZtz1S3R3WQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2635s ------- Articles mentioned in this report: "Exuberance – Investors Have Rarely Been So Optimistic" https://realinvestmentadvice.com/exuberance-investors-have-rarely-been-so-optimistic/ ------- The latest installment of our new feature, Before the Bell, "Everybody's Betting on Everything Going Up" is here:  https://www.youtube.com/watch?v=2AISGEpmtMI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why COLA Doesn't Get Any Respect" https://www.youtube.com/watch?v=hs4-vv0lKwQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s ------- 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/ #IrrationalExuberance #MarketBubble #InvestorSentiment #StockMarketTrends #EconomicOutlook #FederalReserve #InterestRates #YieldCurve #OperationTwist #JeromePowell #NFIBconfidenceIndex #TrumpWins #ElectionResults2024 #MarketReaction #InvestmentStrategy #PolicyImpact #ElectionDay2024 #MarketVolatility #ElectionInvesting #PortfolioProtection #FinancialTrends #Election2024 #InvestmentStrategy #ElectionImpact #InterestRates #InvestingAdvice #Money #Investing

In the 5 AM Hour: Larry O'Connor and Julie Gunlock discussed: Byron York on X: "You can feel Republican confidence growing. More and more firmly believe Trump will win. But there are good reasons to avoid irrational exuberance.  'Shameful' MSNBC blasted for splicing Nazi rally clips into coverage of Trump's Madison Square Garden rally The Washington Post says it will not endorse a candidate for president   Where to find more about WMAL's morning show:  Follow the Show Podcasts on Apple podcasts, Audible and Spotify. Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor,  @Jgunlock, @patricepinkfile, and @heatherhunterdc.  Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Show Website: https://www.wmal.com/oconnor-company/ How to listen live weekdays from 5 to 9 AM: https://www.wmal.com/listenlive/ Episode: Monday, October 28, 2024 / 5 AM Hour  O'Connor and Company is proudly presented by Veritas AcademySee omnystudio.com/listener for privacy information.

Foreign Policy in Tonight's Harris/Trump Debate and Whose Finger Do You Want on the Nuclear Button | Democratic "Irrational Exuberance" With the Polls and "Sane-Washing" by the Mainstream Media | We Should Take Trump at His Word That He Wants to be a Dictator and Jail His Opponents and the Press backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

Hey, kids--what day is it? Lance reorients himself and shares foreigners' perspectives of the U.S. Advice: Avoid the negativity and don't feed the fear. Looking at astronomical rotation from Large- to Small-cap stocks over the past five days: Russell 2000 is elevated by 4.4 standard deviations from its moving average. Markets needed a healthy rotation, and this is actually bullish in creating more breadth in markets. Bad Coffee & YouTube audio; What are the odds for a Fed rate cut in September? Michael Lebowitz joins the conversation: Is inflation "back in the range?" Markets are giving the Fed a green light to cut rates. Are we back to a pre-Covid economy with 5% rates? It's important to separate our personal views from what the markets pay attention to (Government numbers). Is sentiment shifting? Markets are very reflexive. Is the Small-cap chase sustainable? Markets are not responding to Trump/Vance: it's about excess liquidity looking for someplace to go. Michael review's Alan Greenspan's "Irrational Exuberance" thesis then vs now. The internet DID change the world and affected economic growth. What will AI outcomes be? Lance intones the importance of credit spreads as leading indicators; their pick up is worth paying attention to. SEG-1: Others' Perspectives of the US, Markets' Perspective of Astronomical Rotation? SEG-2: Are We Back to a Pre-COVID Economy? SEG-3: Is the Small-cap Chase Sustainable? SEG-4: Are Markets Re-experiencing Irrational Exuberance? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=MUbIu4YZlO0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s ------- Articles mentioned in this report: "Irrational Exuberance Then And Now" https://realinvestmentadvice.com/irrational-exuberance-then-and-now/ "Fed Rate Cuts – A Signal To Sell Stocks And Buy Bonds?" https://realinvestmentadvice.com/fed-rate-cuts-a-signal-to-sell-stocks-and-buy-bonds/ "The “Broken Clock” Fallacy & The Art Of Contrarianism" https://realinvestmentadvice.com/the-broken-clock-fallacy-the-art-of-contrarianism/ "Put Options – Nobody Wants Them" https://realinvestmentadvice.com/newsletter/ ------- The latest installment of our new feature, Before the Bell, "Astronomical Rotation from Large to Small Cap" is here: https://www.youtube.com/watch?v=5yFSeF0LxIk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Avoiding the Sexy Stock Plays" https://www.youtube.com/watch?v=BBh7AGlIQsY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s ------- 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/ #AlanGreenspan #IrrationaExuberance #MarketRotation #AI #CreditSpreads #PortfolioBalance #SexyStocks #MagnificentSeven #2024Election #MonetaryPolicy #JeromePowell #JamieDimon #RateCuts #Bonds #TenYearTreasury #FedFundsRate #TreasuryYields #FallingYields #HighCorrelation #RateCuttingEnvironment #FederalReserve #EconomicPolicy #MarketTiming #InvestingStrategies #PortfolioManagement #BuyingTheDip #StockMarket #InvestmentTiming #CashManagement #MarketMoves #StrategicInvesting #FinancialTips #InvestmentDecisions #StockPortfolio #FinancialMarkets #MaximizingCash #Buying shares #BetterPrice #Market#Entry #MarketExit #InvestmentAdvice #Markets #Money #Investing

ey, kids--what day is it? Lance reorients himself and shares foreigners' perspectives of the U.S. Advice: Avoid the negativity and don't feed the fear. Looking at astronomical rotation from Large- to Small-cap stocks over the past five days: Russell 2000 is elevated by 4.4 standard deviations from its moving average. Markets needed a healthty rotation, and this is actually bullish in creating more breadth in markets. Bad Coffee & YouTube audio; What are the odds for a Fed rate cut in September? Michael Lebowitz joins the conversation: Is inflation "back in the range?" Markets are giving the Fed a green light to cut rates. Are we back to a pre-Covid economy with 5% rates? It's important to separate our personal views from what the markets pay attention to (Government numbers). Is sentiment shifting? Markets are very reflexive. Is the Small-cap chase sustainable? Markets are not responding to Trump/Vance: it's about excess liquidity looking for someplace to go. Michael review's Alan Greenspan's "Irrational Exuberance" thesis then vs now. The internet DID change the world and affected economic growth. What will AI outcomes be? Lance intones the importance of credit spreads as leading indicators; their pick up is worth paying attention to. SEG-1: Others' Perspectives of the US, Markets' Perspective of Astronomical Rotation? SEG-2: Are We Back to a Pre-COVID Economy? SEG-3: Is the Small-cap Chase Sustainable? SEG-4: Are Markets Re-experiencing Irrational Exuberance? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=MUbIu4YZlO0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s ------- Articles mentioned in this report: "Irrational Exuberance Then And Now" https://realinvestmentadvice.com/irrational-exuberance-then-and-now/ "Fed Rate Cuts – A Signal To Sell Stocks And Buy Bonds?" https://realinvestmentadvice.com/fed-rate-cuts-a-signal-to-sell-stocks-and-buy-bonds/ "The “Broken Clock” Fallacy & The Art Of Contrarianism" https://realinvestmentadvice.com/the-broken-clock-fallacy-the-art-of-contrarianism/ "Put Options – Nobody Wants Them" https://realinvestmentadvice.com/newsletter/ ------- The latest installment of our new feature, Before the Bell, "Astronomical Rotation from Large to Small Cap" is here:  https://www.youtube.com/watch?v=5yFSeF0LxIk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Avoiding the Sexy Stock Plays" https://www.youtube.com/watch?v=BBh7AGlIQsY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s ------- 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/ #AlanGreenspan #IrrationaExuberance #MarketRotation #AI #CreditSpreads #PortfolioBalance #SexyStocks #MagnificentSeven #2024Election #MonetaryPolicy #JeromePowell #JamieDimon #RateCuts #Bonds #TenYearTreasury #FedFundsRate #TreasuryYields #FallingYields #HighCorrelation #RateCuttingEnvironment #FederalReserve #EconomicPolicy #MarketTiming #InvestingStrategies #PortfolioManagement #BuyingTheDip #StockMarket #InvestmentTiming #CashManagement #MarketMoves #StrategicInvesting #FinancialTips #InvestmentDecisions #StockPortfolio #FinancialMarkets #MaximizingCash #Buying shares #BetterPrice #Market#Entry #MarketExit #InvestmentAdvice #Markets #Money #Investing

If you listened to our last couple of episodes, you'll have heard some pretty skeptical takes on AI. But if you look at the stock market right now, you won't see any trace of that skepticism. Since the launch of ChatGPT in late 2022, the chip company NVIDIA, whose chips are used in the majority of AI systems, has seen their stock shoot up by 700%. A month ago, that briefly made them the most valuable company in the world, with a market cap of more than $3.3 trillion.And it's not just chip companies. The S&P 500 (the index that tracks the 500 largest companies in the U.S.) is at an all-time high this year, in no small part because of the sheen of AI. And here in Canada, a new report from Microsoft claims that generative AI will add $187 billion to the domestic economy by 2030. As wild as these numbers are, they may just be the tip of the iceberg. Some researchers argue that AI will completely revolutionize our economy, leading to per capita growth rates of 30%. In case those numbers mean absolutely nothing to you, 25 years of 30% growth means we'd be a thousand times richer than we are now. It's hard to imagine what that world would like – or how the average person fits into it. Luckily, Rana Foroohar has given this some thought. Foroohar is a global business columnist and an associate editor at The Financial Times. I wanted to have her on the show to help me work through what these wild predictions really mean and, most importantly, whether or not she thinks they'll come to fruition.Mentioned:“Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity” by Daron Acemoglu and Simon Johnson (2023)“Manias, Panics, and Crashes: A History of Financial Crises” by Charles P. Kindleberger (1978)“Irrational Exuberance” by Robert J. Shiller (2016)“Gen AI: Too much spend, too little benefit?” by Goldman Sachs Research (2024)“Workers could be the ones to regulate AI” by Rana Foroohar (Financial Times, 2023)“The Financial Times and OpenAI strike content licensing deal” (Financial Times, 2024)“Is AI about to kill what's left of journalism?” by Rana Foroohar (Financial Times, 2024)“Deaths of Despair and the Future of Capitalism” by Anne Case and Angus Deaton (2020)“The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade” by David H. Autor, David Dorn & Gordon H. Hanson (2016)Further Reading:“Beware AI euphoria” by Rana Foroohar (Financial Times, 2024)“AlphaGo” by Google DeepMind (2020)

Various indicators point to the Indian stock market being overvalued. Analysts say that a crash following an unforeseen event would be exacerbated because of these excessive valuations.  

Around the turn of the previous century, Alan Greenspan made the following famous and prescient comment regarding the dot-com bubble: “A decline in perceived risk is often self-reinforcing in that it encourages presumptions of prolonged stability and thus a willingness to reach for risk over an ever-more extended time period. History cautions that extended periods of low concern about risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets.” On today's show, we'll ponder and discuss several sources that we think you'll find helpful in considering these issues as they relate to your own well-being and retirement. Next, Heidi will discuss the importance of getting good Social Security advice as well as explore some of the problems others have encountered in getting that guidance. Lastly, Deann will provide all of us stats of the day to help us all gain perspective.  Tune in and take control!

Altering your reality by meddling with the synapses in your brain is one of the most common ways to entertainment yourself. Whether you're poppin' pills or pounding tequila poppers, bending the senses can bring about the most wonderful, kaleidoscopic effects. Or getting turnt. Which is the fun, turnt way of saying turned up. In the early aughts, Allen Greenspan coined the phrase “Irrational Exuberance”. He was the head of the Federal Reserve around the time of the Great Recession. Of course, he wasn't referring to catching a buzz, but one cannot ignore the correlation that society was “getting drunk” on their own perception of wealth due to over-inflated home values. Or getting turnt. People acted like an ATM machine was sitting in their garage. Anyway, enough of that boring shit, let's talk more about getting wasted. Or turnt. There's a very popular method of achieving one very tasty buzz and that is to “crossfade”. Crossfading is mixing Cannabis with alcohol. And then you add a couple other stimulants or downers to the mix and you're cross pollinating. That's not actually a thing, I just made it up. But how you define this is irrelevant because it all resides conveniently under one comfy umbrella. And that is called getting turnt. Which is fucking fun! Until it's over and your dehydrated brain and body wonders what the hell you were thinking. Because it's not easy to brush off the little devil jumping up and down advocating to crank up the fun volume a couple notches with ill-regard to the looming consequences the following morning. Of course, those feelings of irrational exuberance can compound into a full-blown weekend of getting turnt. That's called a bender. Which rarely ends well. Too much getting turnt makes you burnt.  

March has been a big month for IPOs, with Reddit defying expectations out of the gate and Trump Media's SPAC receiving an inexplicable $8 billion valuation. Donna and Nathan discuss the disconnect between the public euphoria around IPO launches and their intrinsic value. Also on MoneyTalk, how conservative should you be in retirement? And, Stock Trivia: Two Truths and a Lie.Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®; Air Date: 3/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.

This week, the Aries equinox initiates the astrological new year, and the Sun's aspect to Pluto brings a trial by fire. Venus makes a conjunction with Saturn - are you ready to get serious? What do we make of Warrior Mars entering loving Pisces? And April answers a listener question about starting a new job when Mercury is retrograde. Plus, rising sap, defensive fish, and good boundaries make good relationships. Read a full transcript of this episode. Have a question you'd like answered on the show? Email April or leave it here! Subscribe to April's mailing list and get a free lunar workbook at each New Moon! Love the show? Make a donation! Timestamps [1:16] On March 19 (8:06 pm PDT), the Sun enters Aries (Mar. 19, 8:06 pm PDT), marking the vernal equinox in the Northern Hemisphere and the autumnal equinox in the Southern Hemisphere. [4:06] The Sun sextiles Pluto (Mar. 21, 1:03 pm PDT) at 01°41' Aries-Aquarius. Pluto is on the Sabian symbol 2 Aquarius, An unexpected thunderstorm. A powerful aspect for initiating new projects and entrepreneurship; what we embark upon at the equinox has the potential to bring us power and influence over the next few months. [5:10] Venus conjoins Saturn (Mar. 21, 4:09 pm PDT), at 12º26' Pisces. How can we show kindness without being taken advantage of? Relationships can be taken to the next level of commitment. [9:06] Mars enters Pisces (Mar. 22, 4:47 pm PDT) through April 30, 2024. Protection via escape. Get enthusiastic and focused about art, music, film and musicals. [11:52] Venus sextiles Jupiter (March 24, 9:37 am PDT), 15º48' Pisces-Taurus. Jupiter is on the symbol, Old man attempting vainly to reveal the mysteries. Taking a bit of a risk in relationships and/or financial endeavors could prove rewarding. Buy a lotto ticket! [13:58] Moon Report! No major lunations this week, but there's a Lunar Eclipse on March 25 at 05°07' Libra. April will cover the eclipse in more detail next week. Consider joining her upcoming online class, Lunar Phases and Eclipses, on March 23, 2024, at noon Pacific Time. [15:37] Void-of-Course (VOC) Moon Periods. On March 29 (11:52 am PDT), the Moon in Cancer trines the Sun. It's VOC for about 41 minutes, then enters Leo (12:33 pm PDT). An excellent time to grab a coffee and pastry with a loved one. [16:29] On March 21 (11:34 pm PDT), the Moon in Leo opposes Mars. It's VOC for about one hour, then enters Virgo on March 22 (12:42 am PDT). Focus on balancing your own interests with the interests of the collective. [17:20] On March 24 (8:49 am PDT), the Moon in Virgo opposes Neptune in Pisces. It's VOC for about 4 ¾ hours and enters Libra at 1:37 pm PDT. Cultivate new habits that support a better balance of the practical and the intuitive. [18:17] Listener Elizabeth asks about starting things when Mercury is retrograde. Should you be terrifiiiiied?™ [23:30] If you'd like to have a question answered on a future episode, leave a message of one minute or less at speakpipe.com/bigskyastrologypodcast or email april(at)bigskyastrology(dot) com; put “Podcast Question” in the subject line. [24:01] If you like what you're hearing, please subscribe, follow, like and share! This episode is brought to you by Stephanie Barnhard and Elizabeth Boone! [25:07] If you'd like to support the show, please go to bigskyastropod.com where you can make a one-time donation in any amount or become an ongoing monthly contributor! Donate $10 or more to receive access to April's special equinox and solstice episodes.

This week, I do a deep-dive analysis on the latest inflation data coming from both the US and India, and I also dissect Uber Technologies (ticker: UBER) on the back of a memorable Investor Day and yet another blockbuster Earnings Report. P.S: If you have a specific Indian or US stock suggestion for the doctor to diagnose, do tweet me @uthamvinay or email me on ⁠⁠thestockdoctorpodcast@gmail.com⁠⁠. Thank you once again for listening. See you next week. Until then, stay safe and make some money!

Has stocks' record run gotten too exuberant? Wharton School Professor Jeremy Siegel gives his expert take on where he sees the market headed. Plus, as the S&P 500 hovered close to 5,000 Wells Fargo's Chris Harvey explained how investors should position their portfolios. And, a rundown of what to watch from Take Two and Affirm results. 

Prof. Dr. Thomas Mayer ist seit über 40 Jahren als Finanzanalyst tätig. In den 1980er arbeitete er beim Internationalen Währungsfond in Washington, in den 1990er vor allem bei Goldman Sachs in London, in den 2000er war er Chefvolkswirt der Deutschen Bank in London. Heute ist er Gründungsdirektor des Flossbach von Storch Research Institute. In dieser Folge unterhalten wir uns mit Dr. Mayer über seinen Weg zur Austrian School und welchen Einfluss die Schule auf sein Denken über die moderne Vermögensverwaltung hatte. Bücher: - Mayer, 2022 - Das Inflationsgespenst: Eine Weltgeschichte von Geld und Wert - https://amzn.eu/d/6g8duu7 - Mayer, 2018 - Die Ordnung der Freiheit und ihre Feinde: Vom Aufstand der Verlassenen gegen die Herrschaft der Eliten - https://amzn.eu/d/cQhe7MP - Mayer, 2016 - Die neue Kunst, Geld anzulegen: Mit Austrian Finance zu einem besseren Portfoliomanagement - https://amzn.eu/d/8wsVkWk Buchverweise - Huerta de Soto, 2006 - Money, Bank Credit, and Economic Cycles - https://amzn.eu/d/ayLNaN6 - https://mises.org/library/money-bank-credit-and-economic-cycles - Shiller, 2016 - Irrational Exuberance - https://amzn.eu/d/7NKgIgW - Shiller, 2020 - Narrative Economics - https://amzn.eu/d/5Ixmuj1 - Goodhart, Pradhan, 2020 - The Great Demographic Reversal - https://amzn.eu/d/0JkIE92 Links: - Flossbach von Storch Research Institute - https://www.flossbachvonstorch-researchinstitute.com - Kleinheyer, Mayer, 2020 - QJAE23 - Discovering Markets - https://mises.org/library/discovering-markets Bildquelle (soweit nicht anders angegeben): wikimedia.org Bitcoin Lightning Spenden: - manubtc21@blink.sv - johannisbeere@blink.sv

Chapter 1 Delve deeper into Irrational Exuberance literary work's messageIrrational Exuberance is a non-fiction book written by economist Robert J. Shiller. It was first published in 2000 and explores the psychology and economics of speculative bubbles and market volatility in relation to asset prices, particularly in the stock market and real estate. The book examines historical market data and provides analysis on how emotions and investor behavior can impact financial markets and lead to periods of irrational exuberance and subsequent market crashes. Shiller's work gained significant attention and acclaim, and he was awarded the Nobel Prize in Economic Sciences in 2013 for his research on asset prices and market fluctuations.Chapter 2 Is Irrational Exuberance literary work Worth Reading?"Irrational Exuberance" by Robert J. Shiller is generally well-regarded within the field of economics and finance. The book examines the concept of speculative financial bubbles and provides insights into the causes and consequences of such phenomena. It has been praised for its thorough analysis backed by empirical evidence. However, whether it is considered a good book or not may vary depending on individual interests and perspectives. It is recommended to read reviews or sample the book before making a decision to see if it aligns with your specific interests or goals.Chapter 3 Brief Description of Irrational Exuberance literary work"Irrational Exuberance" is a book written by economist Robert J. Shiller. It was first published in 2000 and offers a comprehensive analysis of the dynamics of speculative bubbles in financial markets.Shiller's main argument in the book is that financial markets are prone to irrational exuberance, meaning periods of jubilant optimism that often lead to overvalued assets and speculative bubbles. He explains how psychological factors, such as herd behavior and feedback loops, can drive the market away from fundamental value and create situations of excessive risk-taking.The book explores several historical episodes of speculative bubbles, including the 1920s stock market boom and the dot-com bubble of the late 1990s. Shiller provides evidence-based analysis to demonstrate that such bubbles are not random events, but rather result from specific socio-economic conditions and behavioral patterns.Furthermore, Shiller emphasizes the importance of narratives and stories in shaping investor sentiment and market behavior. He argues that prevalent narratives, such as the idea of a "new era" or "permanent plateau" of high market returns, can generate irrational exuberance and contribute to the formation of bubbles.In addition to analyzing past bubbles, Shiller also offers insights on how to identify and mitigate future bubble risks. He proposes various policy measures, such as improving financial education, regulating speculative practices, and implementing countercyclical macroeconomic policies.Overall, "Irrational Exuberance" provides a critical examination of speculative bubbles and their underlying causes. It combines economic analysis with psychological insights, making it a valuable resource for investors, policymakers, and anyone interested in understanding the dynamics of financial markets.Chapter 4 About Irrational Exuberance literary work's Author The book Irrational Exuberance was written by Robert J. Shiller, an American economist and professor at Yale University. The first edition of Irrational Exuberance was released in March 2000. Shiller is renowned for his work in the field of behavioral...

AI is not new and financial mis-education is rife. These are two ideas that form the foundation of this episode, which features insights from Ben Felix, Mark McGrath, and guest speaker Anthony Walsh. To start our conversation, we explore the history of artificial intelligence and what it might mean for the future and beyond. During this Mark to Market segment, Mark McGrath shares his experience of owning property and becoming a landlord before we look back on Episode 155 with Don Ezra, where he revealed his thoughts on planning for life after work. Anthony Walsh, author of People Are Lying To You About Money joins us to discuss his efforts to remedy the lack of financial literacy among everyday people, how he approaches financial planning as a risk-averse person, and his move from lean FI to Coast Fi. He also shares his thoughts on the relative value of money, the importance of planning according to financial wellness and health, and more. Join us today to hear all this and so much more!    Key Points From This Episode:   (0:04:07) The cycles of AI development, excitement, and disappointment in technological history. (0:15:01) How technology bubbles impact investors and why investing in revolutionary technology is a questionable strategy.  (0:18:50) The paradox of skill and how it applies to investment strategy.  (0:23:40) Mark to Market Segment with Mark McGrath on real estate and rentals.  (0:34:50) Looking back on Episode 155 with Don Ezra on planning for life after work.  (0:37:03) Introducing today's guest: Anthony Walsh, who wrote People Are Lying To You About Money.  (0:40:17) Four types of lies people tell about money and why most people are financially illiterate.  (0:48:46) How Anthony navigates financial planning as a risk-averse person.  (0:53:25) What motivated his move from Lean FI to Coast FI and the relative value of money.  (0:55:10) The importance of planning according to financial wellness and health.  (0:57:19) The after-show; shows and series your hosts have been watching and a book recommendation.    Books From Today's Episode: Irrational Exuberance — https://www.amazon.com/Irrational-Exuberance-3rd-Robert-Shiller-dp-0691166269/dp/0691166269/ People Are Lying To You About Money — https://www.amazon.com/People-Are-Lying-About-Money-ebook/dp/B0BC9M5QQT Bubbles and Crashes — https://www.amazon.com/Bubbles-Crashes-Boom-Technological-Innovation/dp/0804793832 Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on X — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on X — https://twitter.com/benjaminwfelix Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on X - https://twitter.com/MarkMcGrathCFP Mark McGrath on LinkedIn - https://www.linkedin.com/in/markmcgrathcfp/ Anthony Walsh on LinkedIn — https://www.linkedin.com/in/asw383/ Episode 155 — https://rationalreminder.ca/podcast/155 Episode 268 — https://rationalreminder.ca/podcast/268 Episode 244 — https://rationalreminder.ca/podcast/244 Reasons to Avoid Index Funds — https://www.youtube.com/watch?v=fvGLnthJDsg

The AFQ boys complete their divisional previews by focusing this week on the NFC West, a division with possibly both the best and the worst team in the NFL. Are the Cardinals really planning to start Colt McCoy Week 1? Could this be the 49ers' year? Are the Rams stuck between a complete rebuild and trying to run it back one more time? And can the Seahawks surprise everyone again? All these questions and much, much more on your one-stop shop for news, views and overreactions to all things NFL, the All Four Quarters podcast!

The markets seem to have gone from optimistic to exuberant over the last two weeks... In this week's episode of The TreppWire Podcast, we discuss whether we are seeing 'irrational exuberance' yet, then dive into housing starts, jobless claims, retail sales, and bank earnings. In CRE, we break down several large office and retail stories, discuss more on multifamily syndicators, and take a look at property expense data across the US. Tune in now. This episode of The TreppWire Podcast is sponsored by BetterPitch: https://www.betterpitch.com/ Episode Notes: Irrational exuberance in the market? (0:23) Macro data (4:09) Bank earnings (9:27) Government office occupancy (12:57) Trepp Flash: Lead cable exposure (14:23) Office value reduction (16:05) Brutal sales comps (18:26) Deed in lieus (20:30) Office loans in special servicing (26:02) Retail stories (3:48) Multifamily syndicator follow-up (36:52) Multifamily property expenses (41:48) Shoutouts (45:14) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp Facebook: www.facebook.com/TreppLLC

If you give people a reason to get bullish, any reason at all, they will use it as an excuse to pump the market, even if that market is dying.  In episode 108, we go over several ways this is happening today, revisit the 6 (8) Crises, and try to separate what's real from what isn't.   Recommended Crypto Trading Platform (And Bonus Eligibility) - https://nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/   For Decentralized Crypto Trading - https://nononsenseforex.com/decentralized-trading-platform/   Blueberry Markets Blog (Top FX Broker) - https://nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/   Markets.com Blog (Other top FX Broker)- https://nononsenseforex.com/uncategorized/markets-com-review/   US Residents Go Here (Top US FX Broker)- https://nononsenseforex.com/uncategorized/ig-us-review/   Follow VP on Twitter https://twitter.com/This_Is_VP4X   Check out my Forex trading material too! https://nononsenseforex.com/   The host of this podcast is not a licensed financial advisor, and nothing heard on this podcast should be taken as financial advice.  Do your own research and understand all financial decisions and the results therein are yours and yours alone.  The host is not responsible for the actions of their sponsors and/or affiliates.  Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading Forex involves risk.  Losses can exceed deposits. We are not taking requests for episode topics at this time.  Thank you for understanding.  

Continuing with our series on the India Market Outlook - 'Resilience or Irrational Exuberance' , we outline in today's podcast what is driving the resilience in Indian assets. Tune in to know more.Speaker:Ravi SinghChief Investment Strategist, Standard Chartered 

We've just released our monthly market outlook for June. We believe that a pause in the RBI's rate hike cycle, robust corporate earnings and superior macro fundamentals are likely to drive resilience of Indian assets. However, volatility is likely to remain high, and weakening global growth outlook, elevated inflation and tighter lending conditions are likely to impact demand and corporate profitability. Tune in for complete details. Speaker:Ravi SinghChief Investment Strategist, Standard Chartered

Focus on your CTO career in this podcast with Will Larson about leaving a CTO role, finding a new CTO role, and negotiating your compensation. Will is the thought leader behind the popular blog "Irrational Exuberance" and the book "An Elegant Puzzle: Systems of Engineering Management" and "Staff Engineer: Leadership beyond the management track". Additionally, he is the former CTO of Calm who has also led teams at Uber, Digg, and Yahoo. Listen to find out: - How to find

I've been reading Nomi Prins' Other People's Money: The Corporate Mugging of America, which was published in 2004. (My paperback version has an update from 2006.) So the material pre-dates The Great Recession and provides an important remembrance of the insanity that was the late 90s/early 00s.From page 7 of the paperback:"Robert Schiller of Yale University and Irrational Exuberance fame spoke after lunch. His cautionary talk, supported by slides depicting graphs of lowered profitability and other financial health indicators, was challenged by the room. A series of grilling questions poking apart his argument followed. Though Schiller delineated clear reasons why the market was overinflated, no one really wanted to listen." Sound familiar? For some people, you could present all the evidence in the world and they'd still argue to be wrong. To quote Dr. Stuart Woolley, "The turkeys don't even realise that they're voting for their own Christmas." Links:https://www.amazon.com/Other-Peoples-Money-Corporate-Mugging-ebook/dp/B0041G6RTWhttps://en.wikipedia.org/wiki/Henry_Paulsonhttps://www.buzzsprout.com/1125110/12031473https://www.epi.org/publication/ceo-pay-in-2021/https://themortgagereports.com/61853/30-year-mortgage-rates-charthttps://causeyconsultingllc.com/2023/02/24/gordon-gekko-tried-to-tell-you/https://causeyconsultingllc.com/2023/01/04/old-rich-white-dudes-think-youre-a-bunch-of-whiners/https://www.investopedia.com/articles/03/071603.aspLinks where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/Need more? Email me: https://causeyconsultingllc.com/contact-causey/

https://youtu.be/nIMP7qza8O4Try VectorVest for only $0.99  ➥➥➥ https://www.vectorvest.com/YTVectorVest Merch Store  ➥➥➥ https://www.vectorvest.com/MerchandiseThe current market has a sense of euphoria going on. The economy is shrinking, Inflation is getting better, the Fed raised interest rates at a slower pace and the market is moving higher. Interest rates are still being raised, jobs are still strong, companies are missing earnings and the Fed is STILL raising interest rates! I call this move-up, Irrational Exuberance! I believe the market still has a lot of downsides ahead of us and may pull the rug out from the unsuspecting investor. We want to make sure you are not in that group of people! The market is toppy and poised for a pullback. The Fed holds the key and we are just waiting at the gate to see which way he will go. Folks you need to just be prepared for disaster!Use this link for a FREE Stock Analysis Report ➥➥➥ http://bit.ly/2KsZlqzVectorVest mobile app ➥➥➥ http://bit.ly/2UjF6y6 The Easy way to be Prepared NOW! | VectorVest

With J. Ansari, Executive Vice President at Compak Asset Management

Jon Favreau, “podcasting royalty” and former speechwriter for Barack Obama, joins Axe and Murphy to discuss Democratic enthusiasm around the country, the critical role suburban voters will play in this year's midterm elections, key Senate races to watch, and insights from focus groups on the new season of Jon's podcast, The Wilderness.

Enterprise IT Leaders are working to figure out what Cloud Native means to theirorganizations and how to get there. Many leaders are looking out over a chasm, a gulf between what their organization looks like now and a distant “destination” that isn't distinctly clear.  How do you build for the future, without throwing out all the applications and infrastructure you've already invested in, the very systems that are, in many cases supporting your business? How do you cut through all the hype and “Irrational Exuberance,” and craft an executable plan to take your organization into the Cloud Era? That's likely going to involve running your legacy applications alongside your new cloud apps, let's talk about how that can be done at scale and with cloud agility & economics.

This episode is also available as a blog post: https://garycgibson.wordpress.com/2022/08/02/irrational-exuberance-ecosphere-and-inductive-puzzles/ --- Support this podcast: https://anchor.fm/garrison-clifford-gibson/support

On today's show we are talking about leverage and the impact of rising interest rates on apartment owners. Leverage in any transaction can be your friend and it can also bankrupt you.if you are over leveraged. Many investors have been betting on inflation continuing to rise uniformly across the economy. When prices rise, then eventually wages will rise too in order to keep pace with inflation. Operating expenses will increase, but on average rent growth will outpace the rise in operating expenses. But what about interest rates? What if interest rates rise so fast that the result is negative cash flow? Investors have bid up the prices of apartments over the past couple of years to levels that make no sense to me. We have read the reports of cap rates approaching 3.5% in many cities across the US including Austin, Denver, Nashville, to name just a few. When interest rates are pushing 4.5-5%, then the bank is earning higher yield than you are as an investor. That is very reminiscent of the 2007-2008 timeframe. It's as if investors failed to learn the lesson from the 2008 financial crisis. ------------------ Host: Victor Menasce email: podcast@victorjm.com

Former Federal Reserve Chairman Alan Greenspan famously used the phrase “irrational exuberance” to describe the euphoric investor sentiment that sent tech stocks soaring in the late 1990s. And everyone knows what happened next, when that exuberance wore off. Now, history is repeating itself when it comes to some of the disruptive and innovative companies that were market darlings during the lockdown phase of the pandemic, but have since been clobbered by a “dose of realism,” according to Aoifinn Devitt, chief investment officer at Moneta Group Investment Advisors. Devitt joined this week's “What Goes Up” podcast to discuss this and other hot topics in markets, such as inflation, rates and the outlook for consumer spending. It's not all bad news for the disrupters of the corporate world, however. They're still darlings of venture capital markets and, she adds, “I don't think that our fascination and our obsession with innovation is likely to go away anytime soon.” See omnystudio.com/listener for privacy information.

In this episode we discuss Shell, Airtel Africa, BT, Novo-Nordisk, AG Barr & Meta. There is also a book review of Irrational Exuberance by Robert Shiller at the end. $shel $aaf $bt.a $nvd $bag $fb

Alan Greenspan warned in 1996 we would not know if stocks were irrational because we could not know how much money was in the economy. Also, wages are rising - just like they did in the Great Depression? Lastly, the October 2021 Treasury International Capital update.

Altering your reality by meddling with the synapses in your brain is one of the most common ways to entertain yourself. Whether you're poppin' pills or pounding tequila poppers, bending the senses can bring about the most wonderful, kaleidoscopic effects.  Or getting turnt. Which is the fun, turnt way of saying turned up. In the early aughts, Allen Greenspan coined the phrase “Irrational Exuberance”. He was the head of the Federal Reserve around the time of the Great Recession. Of course, he wasn't referring to catching a buzz, but one cannot ignore the correlation that society was “getting drunk” on their own perception of wealth due to over-inflated home values. Or getting turnt. People acted like an ATM machine was sitting in their garage.  Anyway, enough of that boring shit, let's talk more about getting wasted. Or turnt. There's a very popular method of achieving one very tasty buzz and that is to “crossfade”. Crossfading is mixing Cannabis with alcohol. And then you add a couple other stimulants or downers to the mix and you're cross-pollinating. That's not actually a thing, I just made it up. But how you define this is irrelevant because it all resides conveniently under one comfy umbrella. And that is called getting turnt.  Which is fucking fun! Until it's over and your dehydrated brain and body wonder what the hell you were thinking. Because its not easy to brush off the little devil jumping up and down advocating to crank up the fun volume a couple notches with ill-regard to the looming consequences the following morning. Of course, those feelings of irrational exuberance can compound into a full-blown weekend of getting turnt. That's called a bender. Which rarely ends well. Too much getting turnt makes you burnt.

Going once, going twice, sold for $4.3 million.  Plus get that Power of Attorney for your spouse, rough week on Wall Street and the anniversary of Irrational Exuberance.  Plus trouble for DWAC, market forecasts are worthless and Crypto turns south.

Steve Moriarty believes that anyone can be a successful investor. In the continuation of our previous episode, Steve breaks down his eight timeless principles that anyone can apply to build their wealth safely. Steve walks the talk. For over 20 years, he has been a highly successful full-time private investor. He's the founder and Wealth Coach at Next Level Wealth, a podcast host, author and former political adviser.  But as Steve repeatedly reiterates, your investment success all revolves around knowing yourself and your personality type so that you can then construct an investment style and systematic plan that plays to your strengths and protects yourself from your weaknesses and emotional limitations. As already mentioned, To clearly identify your personality type, jump on www.truity.com or www.crystalknows.com to take their quick and easy free questionnaire to find out who you really are. And as a special bonus for Get Invested listeners, once you've confirmed which of the personality types you fall into, you can email Steve directly at steve@gonextlevelwealth.com.au to get your free personality type investment roadmap that's tailored to your specific personality type. Now Steve also talks about all of this in much more detail in his excellent book, Low Rates High Returns, so I highly recommend you grab yourself a copy as it's a really good and easy read and one of the best books I've read in years. And if you like what you've heard and read, Next Level Wealth's uniquely tailored investment coaching program may be just what you've been looking for, so reach out to Steve at www.gonextlevelwealth.com.au to investigate it further.  And if you're ready to take the bull by the horns and get started on your property investment journey, grab yourself a free copy of my award winning intro book Get Invested by jumping on https://bushymartin.com.au/books - you can get the ebook version at no cost. And if you like what you read then you can upgrade to the full Freedom Formula book that gives you the detailed keys on why, what and how you need to invest to achieve your ultimate lifestyle goals and get your precious time back. Steve's book recommendation: Irrational Exuberance by Robert Shiller Get ‘Self, Health and Wealth' wisdom in your inbox: Join me and many other like minded investors in our Get Invested community right now.  I send a free and exclusive monthly email full of practical ‘Self, Health and Wealth' wisdom that our current Freedom Fighter subscribers can't wait to get each month. It's full of investment and lifestyle tips, my personal book recommendations, apps I use to enhance life and so much more. Just visit bushymartin.com.au and sign up at the bottom of the page … because this is just the beginning! Get Invested is the leading weekly podcast for Australians who want to learn how to unlock their full ‘self, health and wealth' potential. Hosted by Bushy Martin, an award winning property investor, founder, author and media commentator who is recognised as one of Australia's most trusted experts in property, investment and lifestyle, Get Invested reveals the secrets of the high performers who invest for success in every aspect of their lives and the world around them. Remember to subscribe on your favourite podcast player, and if you're enjoying the show please leave us a review. Find out more about Get Invested here https://bushymartin.com.au/get-invested-podcast/  Want to connect with Bushy? Get in touch here https://bushymartin.com.au/contact/  This show is produced by Apiro Media - http://apiropodcasts.com

The opposite of panicking when the stock market declines is called 'Irrational Exuberance.'  Dr. Susan Laubach says both can be just as bad for your bottom line.  Dr. Laubach says financial advisors will always tell you the good things about  investments, but you should always ask "what can go wrong." You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here. See omnystudio.com/listener for privacy information.

Elon Musk needs a rocket ship to find Tesla's PE. Bakkt Holdings rises on crypto partnership with MasterCard. Jack Dorsey warns of imminent hyperinflation. Stanley Druckenmiller doesn't realize the Fed is the problem. When politicians aim their weapons at the billionaires, they always hit the middle class the hardest. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Go to https://bambee.com/gold to schedule your FREE HR audit. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff

If you are worried about this market, and that a top is nearby, should you sell your stocks and go to cash? Ryan talks about how to handle a wild market that seems out of control and whose bubble is ready to burst. Whiskey: Zacharias Harris Bourbon Be sure to check out my Swing-Trading offering through Patreon that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists and regular updates on the most popular stocks, including FAANG stocks, Microsoft and Tesla. This is provided each and every week! Check it out now at: www.swingtradingthestockmarket.com

In today's episode, Bob turns his pen to Andrew Cuomo in the wake of charges by three women who claim he sexually harrassed them while they worked for him. For more from Bob Ramsay, visit ramsayinc.com.

It's always interesting to know where you are at in a market cycle. It is so difficult to tell, because there are so many differing opinions as to what is normal and what is out of the ordinary in markets. One of the biggest questions is whether or not the stock market is in a bubble. We like to know this because even if we are not getting off of the ride, we all want to be the one to call the impending doom of the market. Today, we will discuss: 1. What a stock market bubble is  2. What Cathie Wood thinks about the stock market today 3. 5 stages of a bubble   Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1   Don't forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money's No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don't forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money's No Object. I'm Dylan Howell. God Bless!   Facebook: https://www.facebook.com/mnowithdylan/   Instagram Page: https://www.instagram.com/mnowithdylan/   Twitter: https://twitter.com/mnowithdylan   (Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)

You often hear people quote historical stock and bond returns. But are they useful to investors? What lessons can you take from them to help with your portfolio construction? What challenges do historical investment returns have concerning dividend reinvestment and commissions? What about bond historical averages given our low-interest-rate environment?   S&P 500 Index Total Returns 1928- 2020 History of index funds and dividend reinvestment Treasury Bonds historical returns 1928-2020 Probabilities based on historical stock returns S&P 500 Index Total Return by decade Sources for historical return data     Mentioned in this Episode:   Derek Moore's Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin&   Robert Shiller historical market data http://www.econ.yale.edu/~shiller/data.htm   Aswath Damadoran website, blog, and data https://pages.stern.nyu.edu/~adamodar/   Robert Shiller book Irrational Exuberance https://www.amazon.com/Irrational-Exuberance-Revised-Expanded-Third/dp/0691173125?_encoding=UTF8&qid=1628453580&sr=8-1&linkCode=ll1&tag=tradesurfer-20&linkId=eea68424f97b1bf760a2d5bc1df2120a&language=en_US&ref_=as_li_ss_tl   Jeremy Seigel book Stocks for the Long Run https://www.amazon.com/Stocks-Long-Run-Definitive-Investment-dp-0071800514/dp/0071800514?_encoding=UTF8&me=&qid=&linkCode=ll1&tag=tradesurfer-20&linkId=e34a4e3f2b776fcd7a89fa9e1297e9cc&language=en_US&ref_=as_li_ss_tl

Episode 11: In this week's episode we discuss corporate earnings, China's corporate crackdown, and books to help you on your financial education journey. Books covered include: Black Swan, Irrational Exuberance, Rich Dad / Poor Dad, Millionaire Next Door, Richest Man in Babylon, One up on Wall Street, and Thinking, Fast and Slow.

หนังสือ Irrational Exuberance ของ Robert J. Shiller - ความสวยงามอย่างไร้เหตุผล เปรียบเสมือนความคิดที่ดีเกินกว่าที่มันควรจะเป็น เราควรรับมือกับความคิดนี้อย่างไร - เหตุผลกับอารมณ์เป็นของคู่กัน แต่เชื่อหรือไม่ว่า คนส่วนใหญ่ก็มักจะใช้อารมณ์ในการขับเคลื่อนตลาดไปอยู่ดี จึงเป็นคำตอบที่ชัดเจนว่าเหตุผลมักไม่ได้ถูกนำมาใช้ - วงจรย้อนกลับ ภาวะเศรษฐกิจฟองสบู่ หรือว่าความบ้าคลั่งของการไล่ซื้อ คือที่มาของคำว่าวิกฤตทั้งหมด แล้วนี่คือสัญญาณที่ชัดเจนว่าปัญหาเศรษฐกิจอาจจะเกิดจากอารมณ์ล้วน ๆ - สื่อที่กำลังบอกว่าเศรษฐกิจจะไปในทิศทางใดนั้น อาจจะเป็นตัวบ่งชี้ได้ในระดับหนึ่ง แต่ส่วนใหญ่แล้วไม่ได้มีส่วนต่อเศรษฐกิจที่แท้จริง การเสพสื่ออย่างมีวิจารณญาณจะช่วยให้ไม่เชื่อตาม ๆ กันไป - ความสามารถของผู้คนทั้งโลก อาจจะมีอำนาจเหนือปัจเจกชน อย่างไรก็ตามเราก็ควรที่จะเรียนรู้เรื่องของเหตุการณ์ในอดีตเอาไว้บ้าง ไม่เช่นนั้นเราก็จะไม่สามารถเกิดกระบวนการตระหนักรู้เชิงกว้างได้เลย

On Today's Episode of the Punch Out:Don't Get Too Excited About the EconomyBrazil Against BolsonaroRacism Continues to Plague Black Farmers

My good friend Charlie Bilello is back for his second episode of Panic with Friends. He originally came on way back for episode two of our show and offered insights on the markets during peak COVID panic. If you go back and listen, you’ll see Charlie actually got a lot right. So now I figured it would be a good time to check back in with him as we make our way out of the COVID panic. Charlie has over a decade of experience as an analyst, lawyer, CPA, and overall nerd about the markets and money. But he’s more than just my crazy smart friend, I’ve also partnered with Charlie at his company Compound Capital Advisors. There, he oversees all facets of the firm, from research, to portfolio management, to product development, to content creation, to investor relationships. In this episode, we talk about inflation, the markets, crypto, shifts in trends, SPACs, irrational exuberance, bonds, the next generation of investors, and more. Enjoy!  Guest - Charlie Bilello, Founder and CEO at Compound Capital Advisors  howardlindzon.com, compoundadvisors.com, compoundadvisors.com/newsletter  Twitter: @howardlindzon, @charliebilello, @knutjensen, @Nikita_Arora17  #fintech #invest #investment #venturecapital #stockmarket #finance 

BARENAKED MONEY PODCAST: EPISODE 7You Could Win, Either WaySpeaker 1:You're about to get lucky with the Bare Naked Money Podcast. The show that gives you the naked truth about personal finance with your hosts, Josh Sheluk and Colin White, portfolio managers with WLWP Wealth Planners, iA Private Wealth.Colin White:Welcome to Bare Naked Money, the Next Edition. Today, we're going to get into something that's pretty topical. Something that as a part of a regular conversation we have with our clients and something that's also very topical in the media right now. Well, who am I kidding? This is always topical. Real estate. There's so many different ways to look at it. Trends are so important and it seems to be super red hot right now. So let's get into it and see if we can help you understand things a little bit better. So Josh, why don't I throw it to you and you can make maybe a few observations that are pretty high level with regards to some of the data that we're seeing.Josh Sheluk:Thanks Colin. So thanks for the intro there. As I think everybody right across Canada knows right now, and actually in a lot of parts of the world, real estate is just booming. And I think this is the first time anyway, for me in the last several years where I can really look right across the country to every one of our clients, everybody that lives in Canada and say, "What's going on in your market?" And everybody's like, "Well, real estate is way up. Real estate boom. Real estate' crazy. Either I can't find a place to buy. I'm looking desperately. I can't find one to buy at a reasonable price," or, "Oh, I'm looking to sell my place and I'm breaking the bank," because it's looking great for some of the sellers that are out there. And this is kind of continuing a trend that we've been seeing over the last couple of decades, where Canada as a whole, when you look at the average is just booming from a real estate perspective.Josh Sheluk:And I saw some charts recently that compared it to other countries, other major industrialized countries and Canada is far and above a lot of those other countries, whether it's UK, US, other countries in Europe, et cetera, et cetera. So we've seen this trend. We've seen this trend for awhile, but now it seems to be coming to a head and going faster than it's ever been in terms of some of those rapid price rises. And I think the first time since COVID, what we were seeing for the first time is that some of these non-urban areas, known as the sprawl is sort of leading the charge, whether it's just outside of these urban areas or more rural areas. So spilling from the suburbs to the rural area. So I think there's a lot of reasons for this and we can dive into some of these, but why don't you take us through a few of your observations for what you're seeing out there in terms of what's actually driving this trend?Colin White:Well, as a member of this team who doesn't live in Toronto, I can attest that areas outside of Toronto we're seeing the same thing. Nova Scotia is just off the charts. Halifax proper is ridiculous to getting 9, 10, 12, 15 competing offers on one property. It's selling 50% over market in some cases. It's a little scary, coming from the Maritimes to see that kind of thing happen because it is really unprecedented in my lifetime that we've had that kind of interest from literally all over the world. People trying to get to Nova Scotia. And we've got clients who had plans about maybe liquidating property at a certain time or buying properties at a certain time and this is the kind of event that pushes plans.Colin White:Now, we've got some people, myself included is considering selling a property in the not too distant future going, "Oh, should I hurry my plans? Does that make any sense right now?" And that's a legit question. We've also got people who were expecting to be buying properties right now and they're now going, "Should I wait because things are awful." I'm going to be making some pretty big compromises potentially here on the value that I'm going to get on picking up the property.Colin White:So, again, this is one of those events that can push your planning around a little bit and rightfully so. This is not something to be ignored. This is of a magnitude that matters. If you're going to have to pay 20, 30% more for a property right now, that changes your thinking. That changes your timeline. Now, if you're going to own it for 20 or 30 years, maybe it doesn't matter as much. But if you think it's going to be something you want to liquidate in the next few years, maybe you got to think a little bit harder. Maybe those three, five-year time horizons are a little scarier than they once were. So yeah, there's a lot of angst out there now, but I tell you, it's getting overridden by just pure mania in many respects. So yeah. So I think this is a truly across Canada problem, no matter what side of the desk you're sitting on. So why don't we get into some of the reasons behind it, Josh?Josh Sheluk:Yeah, yeah, sure. So, well, elephant in the room, right? I think everybody knows one of the main reasons is COVID things going on. We have a global pandemic and what we saw early on was the market froze because people didn't know what the hell to do [inaudible 00:05:08] and people couldn't go see places. So, there was an immediate kind of, "Okay, let's pause for a sec. Let's see what's going on here." But you've seen things spill over now and they're going great guns. So with COVID I think one of the trends that I was talking about is really been driven by COVID and that's, COVID is pushing people out of the urban areas. So you're seeing this spillover, this sprawl from core cities, maybe condo living to some of the more suburban, house, low rise stuff, or some of these more rural areas as well, because what we've seen over the last year, a lot of our jobs can be done remotely.Josh Sheluk:You and I are not in the same place right now doing this podcast. So we've all discovered, I think, that we're a little bit more able to work outside of our office. And a lot of businesses have decided that, "Hey, my staff can work pretty effectively from home. Maybe I don't want to, or need to pay $50 a square foot for an office building in downtown Toronto." So that is part of it for sure.Colin White:Yeah. And the other thing is, is that if there's more than one member of the family has got to work from home, your home is not as big as you thought it was. And maybe you're not as close to your family as you thought you were, so you put two or three members of a family working from home, that house can get a lot smaller than it used to be, in a hurry. So there's a lot of pressure on, "Hey, we need more space." And I think you went through a little bit of that, Josh.Josh Sheluk:Oh yeah. I'm sitting here in a two bedroom condo and we converted our second bedroom to an office. Would have been pretty hard to convert our first bedroom to an office too. So fortunately I've been able to go to the office most days, but I think your point is valid that people are rethinking what they need from a place. I was just looking at an Instagram post the other day and talking about how people more at the top top level of the income spectrum are looking for something where they have more leisure space or leisure activities that are doable from their home, their property as it's outside of the realm of what most of the people listening to this podcast are looking for, but full size tennis courts, for example, pools.Josh Sheluk:Pools is maybe something that's a little bit more relatable to people because I know the pool guys are busy as they've ever been putting in pools. You've seen the rental, the rental thing as well. People putting in back decks or renovating this or that, or the other thing. So all of these things are coming into this real push for real estate and helping to drive up the demand, which in turn drives up prices.Colin White:And when people start looking around and they go, "Well, what would it take for me to go to a bigger place?" If I wanted to take on a bigger mortgage, what kind of house could I get? The other part of that equation, Josh is interest rates.Josh Sheluk:Yeah. And that's a huge part of the equation and maybe the most important or primary part of the equation and primary reason we've seen real estate go up the way that it has. Interest rates with the whole COVID situation have gone down. And that's pretty normal when you see a recession or some type of dip in markets, in the economy and interest rates go down, but they already went down from such a low level and went to sort of a rock bottom level that, that has made housing in some ways more affordable because if you're borrowing a large chunk of the purchase price, if interest rates go down... And I've seen interest rates or heard about interest rates as low as one and a half percent for a five-year fixed rate mortgage. So that is really going to make things a lot more affordable for people and low interest rates means you can take on a larger mortgage and larger mortgage, more purchasing power. That means, hey, you can either bid up that property that you really want, or maybe look to another property, a step higher. So that's a huge part of it.Colin White:Yeah. And it's happening at a time when the boomers maybe that were considering going into more of a concentrated living setting, whether that was assisted living or give up the big house to go to an apartment to reduce the obligations of maintaining a property. Those people are putting off the decision, again, for the reasons we talked about earlier that the COVID's the thing. So I don't want to necessarily be getting on an elevator. I got this big property. I'll hang onto it for a little while longer until this thing settles down. So, those people maybe have slowed down a little bit and other people are looking to get into those properties. So it's really created a confluence of events. That's what's put an immense amount of pressure on real estate in the short-term.Josh Sheluk:Yeah. You bring up [inaudible 00:09:55] I brought up interest rates and it's interesting how these two things kind of relate to each other as well, because we have seen interest rates go down for the better part of 4 years now. And I don't think that can be ignored when we talk about and think about some of the experiences that people have had with real estate over that period of time. And the boomers are... my parents, for example, they have experience with the interest rates in the eighties where people talk about double digit mortgage rates. And now today talking about, like I said, potentially under 2%. Well, that's going to make a huge difference in affordability of a property. And that's part of the reason why we've seen sort of an uninterrupted increase in prices over that period of time. I think that has to factor into what we're looking at here.Josh Sheluk:And when we're looking at our experience with real estate, has to give some context to what we're thinking about. And so this is one thing that I don't know if this is a misconception and misconception's the right word, but you will definitely have some sort of longer-term experience with owning a place and being in the real estate market. I hear my parents, my grandparents say, "Well, real estate always goes up over time." And I look at this and being a data person, I think, "Well, maybe there's a bit of a misconception there. So what's your experience [inaudible 00:11:16]?Colin White:Well, my experience is terrible because again, I was alive during that same time current as your parents, and we should stop making reference to that. But we are looking at a period of time when real estate' done very well. And so two things come into play. Number one, legitimately it has. Number two, people will only share their highlight reel. So when people are telling a real estate story, they're always the biggest real estate stories. So you got something that's generally true and it's augmented by the fact that people are sharing these anecdotal stories, which are even betterer. So now you've got basically a true concept that's getting blown a little bit out of proportion and people are shutting down the analytical part of their brain a little bit saying real estate, good real estate, good real estate, good... and they run into the market.Colin White:Now, again, if you're going to live in a place for 20 or 30 years, maybe it doesn't matter a hill of beans. Maybe a little, just even itself out and all will be fine because again, you're not looking at liquidating it in the foreseeable future. It turns out that you did make the right decision. This is the place you're going to raise a family. And again, if that's how it plays out, maybe this doesn't matter a hill of beans. But it's perhaps more risky now than has been certainly in my lifetime because the smallest change in interest rates or any kind of personal interruption... again, there's two levels here. There's the macro level where interest rates may change. That's a macro thing. And if that happens, yeah, your mortgage payment could go up and the value of your property could go down and you can end up with a mortgage that's bigger than the value of your property. That can happen and that's kind of out of your hands.Colin White:The other side of it is your personal circumstances can change. So you invest in real estate, which is not the most liquid investment in the world at all times. Right now, it tremendously is, but it's difficult, can be difficult to get out of. It's costly to get out of. And it's not always convenient to make a change in real estate. So I think the risk profile for somebody who's trying to get into a home right now is a little bit... Sorry, I can't say a little bit traumatically. It's a lot traumatically different than what it turned out to have been 20 or 30 years ago. Now, if you go back 20 years ago, there was risks at that time as well and they had to be, again, the decision making of that would have been different, but it's turned out really, really well.Colin White:To look today and say that in today's market with all of this froth that there's not going to be any kind of short-term peril here, I think is overly optimistic. And I think it's something that people really have to filter that information from your well-intentioned father, who loves you more than all outdoors and would never steer you wrong, who's telling you, "You absolutely have to have a house or you're worthless." "Dad, thanks for all the encouragement and everything, but maybe I'm not going to go your way this time." And that's okay.Josh Sheluk:Yeah. Yeah. So what I'm referring to is sort of the misconceptions. I don't want to call the [inaudible 00:14:10] because like you said, there's a lot of screws to real estate value, appreciating value over time, but have you read Irrational Exuberance by Robert Shiller.Colin White:A long time ago, but yes.Josh Sheluk:Yeah. So, that book's been out there for a while now, but he has maybe one of the best real estate databases, longterm real estate, like we're talking hundreds of years of any data set that I've seen. And there are a number of periods of time, decades long where real estate in major cities, even across North America has gone down for decades at a time. So to say that real estate always goes up. Yeah. I mean over very long periods of time. Maybe over a hundred years, real estate will go up. But the point that you obviously often make is that most people's timeframe isn't a hundred years long. So you can't necessarily rely on that. Right?Colin White:Yeah. In the longterm, we're all dead, and I've had situations in my career where people have been trapped in real estate, either by owing more than it was worth or being just completely having no buyer for it. And we don't really have enough time to thoroughly go through it. But this is where we can probably introduce the idea of investing in real estate because there's many people who have their own property and are looking at investing in a property because they think that's the way to build wealth. And it has been. It has been a way to build wealth in the past. A couple of cautions to everything we said earlier still holds. If you've got a really long time horizon, that changes the risk profile. [inaudible 00:15:40] in the short term, there are a lot of risks because when you get into the rental market, you're not concerned about rental rates.Colin White:Is there going to be a lot of rental vacancies? Is there going to be a building boom that kicks in after this that creates so much supply that in three or four years from now, all of a sudden we have an oversupply and there's pressure on rents or there's vacancies. There's all kinds of things like that to factor in. But what I advise people who are considering investing in real estate on a couple of things. Number one, make sure it's a reasonable percentage of your net worth. You don't want to wake up one day and have 90% of your investible assets tied up in real estate. I can't defend that. I can't suggest that. I don't think it's a good idea.Colin White:Number two, evaluate it as an investment. So if I'm going to bring an investment to a client and say, "Here, this is a good idea. It does really, really well". Long-terms get no short-term liquidity and it's got some significant risks where it can go negative for extended periods of time. I'm going to expect that with normal assumptions that pays me really well. I want to see a really nice return up. I want to be compensated for the lack of liquidity because in the investment world, if you give up liquidity, you gain something. Don't get involved in real estate in ways that the terms work out, but you're only seeing a nominal rate of return. Like if you're only going to see a 6 or 7% rate of return on something that has a risk profile, that doesn't match up, keep looking. There should be a reasonable trade off between risk and return. And you need to look at your real estate investing that way. Again, your dad's whole intention, he does love you, but he may not have the macro economic sense necessary to adequately advise you in this regard.Josh Sheluk:Yeah. There's so many things that go into trying to be an owner of real estate and a rector of real estate. Right. And it's more than just, what is my mortgage? What is my rent every month? And does that give me a positive rate of return or not? Because you got to factor in things like maintenance on that property, repairs, a vacancy. I think is a big one that people don't factor in, right? It may be at times easy to rent out a place, but I can speak from just the Toronto condo perspective, from what I heard, anecdotally, it's a lot more difficult to rent on a Toronto condo 12 months ago than it had been in the past. And that's because people didn't want to be here. They didn't need to be here. If I can't walk the five minutes to work because my office building is shut down, what's the point of living in downtown Toronto for whatever it is per square foot in terms of rent?Josh Sheluk:So there's a lot of that that you have to factor in and I think another thing that people often forget when they're doing this calculation is the amount of time that you're actually going to commit to that building. So that property, right. You're going to need to either hire somebody to do a lot of work on sort of the management of that property, the marketing and that, or you're going to have to spend your own time on it. So there's a value for your own time. You got to factor that in somehow. Not easy to do though.Colin White:Well, no. And that goes right back to again, we're kind of crossing the streams here. We're going back to the individual decision about, do I rent or do I buy? You buy a house, you're building equity in something like your father or your mother will tell you, right? But when you buy a home, well there's property tax and that money just goes out the window. You don't have anything to show for that. There's normally an increase in utility costs over renting or owning a smaller properties. So that's got to be factored in. The maintenance of the property has got to be factored in. There can be interest costs, some mortgages. If you add up all of the money that you throw into the wind for owning a property and take a look at that number, in most cases, you're not too far off of what it would cost to rent a property that you would be happy living in.Colin White:So for those who posit the idea that only stupid people rent, that's not true. In fact, I can categorically tell you right now, some of the people I consider the smartest around me and including me, I consider me smart, are saying maybe now's the time to rent for a little bit and let all this foolishness slow down. Now it's not a slam dunk. It's not a for sure thing, but it's certainly not a stupid thing. So if anybody in your life is telling you you're stupid for doing either thing here, ignore them because they don't understand it. You could win either way here, but that's important. You could win either way here. Don't think there's only one way to do this.Josh Sheluk:Yeah. That's funny you mentioned that because I floated the idea of potentially selling our place and renting a place to [Heather 00:20:20]. And I got I think laughed out of the room on that one. Personal preference factors into this too, I guess is the point. What I was looking at and the reason I floated this idea is the disparity between purchasing a place... It's the cost of purchasing a place and the cost to rent a place today is pretty large from what I've been seeing out there in the data. And that's one way where you can evaluate what's the market like today is you compare sort of a ratio of the purchase price to the rental price. And every neighborhood is going to be a little bit different and every neighborhood is going to have its own history. So it's not like we can sit here and give you what the right ratio is.Josh Sheluk:There's so many factors that are involved, but you can sort of take a step back and look at a place and say, "Well, okay, what would it cost me to get in there if I were to own it versus rent and what are some of the other great things that I could do with my money if I had a lower cost to rent than I did at all?" And there are plenty of other good investment opportunities out there that may hit the mark for you and make you better off over the longterm. But just to counteract my own point, I had one colleague going back seven or eight years ago now. He was positive that the market was overvalued. And so him and his family were renting a place in Toronto. And as far as I know, I haven't seen him in a year or two, but he's still renting a place in Toronto.Josh Sheluk:So it's really tough to time this type of thing. I don't think you or I are making the argument today that real estate has to go down over the next year or two. That's not it at all. We're just not so sure that we'd be pounding the table to say, "It's going to go up from here."Colin White:Well, that's just it, I mean the best answers are often nuanced answers and that's why we're at here. But we've also become very bare naked in this moment because neither one of us is able to convince our spouse or significant other to take advantage of something that we as professionals see in the market. So to all of us out there who are counting us as really smart and influential, if you could call our wives and let them know how smart we are, that'd be great. It would help us both out when we go home at the end of the day and talk to our own families about our own personal finance.Josh Sheluk:I'm glad we have the moral support of each other, at least calling to help us through these dark times.Colin White:You complete me, Josh.Josh Sheluk:Sure. So, you touched on a little bit of this before calling it, but really the whole purpose of this podcast and the whole reason we have these conversations is because people are asking us what they should do in their situation. And like I said, you hit a couple of those key points at a high level. So maybe I'll just throw them to you one by one. If you were already thinking of selling today or a year ago or whenever it was, what would you do today? Does this give you a kick in the pants and say you should be going down this path? Or what do you think?Colin White:Well, I think for sure I'd view it as an opportunity. Again, I would not hold out thinking that this is going to continue to get better, but this is an opportunity. But it does put a little pressure on the other half of that equation if I can extrapolate a little bit, because you all got to live somewhere. So I actually have a couple of friends who've sold their property and they're so excited. Then they went to look for a place to live. Now they're less excited. So, make sure you have the whole equation. Just because you rush one side, you have to rush both sides and make sure that your eventualities are all accounted for. But yeah, even if you were thinking maybe the summer is the time to do it or fall's the time to do it this is worthwhile in my opinion, to move up [inaudible 00:24:00].Colin White:Now, if you're sitting in a beautiful property on a lake and saying, "I want one last summer to enjoy this," absolutely stop listening to us. I don't know why you're looking for the math. Math don't matter. That's an emotional attachment. Don't interrupt your enjoyment of life to maximize your real estate transaction. That's not anything I would put on the table for anybody. But I would suggest that now's not a bad time. You're thinking pf pulling the trigger. Maybe pull it a little quicker.Josh Sheluk:Yeah. So, just flipping that equation to the other side of the call and same person or a different individual looking to buy a place. What are you recommending today?Colin White:Well, again, it depends on your expectations. Again, I can use my own personal experience and the experience of clients. Typically you go through stages. Now, if you've got a young family and you're looking to move into a house for them to go to school, which is what we did. When my son was about to start school, I said, "Let's find a house that we can stay in while the kids are in school." So you're making a 15 to 20 year commitment, right. Somewhere in that range. So if you're making that kind of commitment, be a little bit wary about the finances and things may get a little bit wonky financially. So don't overstretch yourself. But if you can find something that fits, that you're going to plan to hold on to for 20 years, the market being high right now probably won't matter a hill of beans, but you need to make sure that you're not stretching yourself financially at this moment.Colin White:Because again, this is a bad time to stretch yourself financially. An interest rate bump of 1% can make a huge difference in your monthly mortgage payment. And if you go to renew and the house isn't worth as much, it doesn't appraise as high as what you paid for it, you could get in a squeeze. So, with the caveat to be careful to live within your means, buying a property now that you're going to hold for an extended period of time, again, I don't think is poison and the whole nesting thing. And people want to raise their kids and have a nest and matrimonial relations are important. All those kinds of things factor into it.Josh Sheluk:Yeah. Important. I think we want to definitely make sure that people are not overextending themselves because we've seen that story play out. And when you're borrowing to put money somewhere and you're overextending yourself, we don't have to look too far back into history, a little bit south of the border to see how that can end very, very poorly for people. So you have to be careful. Like you said, a 1% increase in interest rates can make a big difference. We've seen that. We've seen that almost. We've seen that because earlier this year I was hearing a 1.5% rate for a five-year fixed mortgage. Today I'm hearing 2%. Now, all this is second hand. I can't tell you for sure. But we have seen a pretty aggressive increase in interest rates so far, and if that trend continues, could we be in a jam?Colin White:Yeah. And the second piece of that, Josh is something you shared with me earlier this year where the appraised value of the property matters. So people had bought condos in Toronto during the condo boom, and then the values weren't quite as high when they came to close. So the institutions were appraising them lower than what they actually owed on them. And people were unable to get any financing to complete the deal. So interest rates are one thing that may change your monthly payment. You could get into a pickle if all of a sudden your property appraises at less than what you owe on it. And then all of a sudden you've got to come up with a big down payment or have some unsecured lending. Again, there's a couple of ways in the short term that this could get a lot tighter. So maybe we're not hitting this with enough emphasis, but there's a big point to be made here. Do not stretch yourself financially to get into a home right now. That is all kinds of crazy dangerous.Josh Sheluk:Yeah. Well, just to hit the point home a little bit harder on what you're talking about, appraisals. If you pay $500,000 for a place and the bank appraises it at 400,000, they're not going to give you a $450,000 mortgage. That's a way for them to lose money. So they're going to be very, very cautious. Lenders you've seen a number of the CEOs from the banks come out and say that they're a little bit cautious. They're worried that the market's overheating a little bit when it comes to real estate. So you can bet your ass that they're going to be careful when they're lending you money. And if you can't get the mortgage for the price that you paid, you're going to be in a jam.Colin White:Or you're going to be digging up those crates of money you stashed in the backyard, depending on where you live and when your [inaudible 00:28:28].Josh Sheluk:It's gold. [inaudible 00:28:29] It's gold.Colin White:Right. I keep confusing that. That's not my group on a run with them.Josh Sheluk:Yeah.Colin White:So Josh, maybe we should have a chat because there's talk, there's concern of changes coming down the pipe. And frankly, a lot of what I've seen is trying to scare people into action, which unfortunately is very effective. If you want someone to act, you just scare them. About the potential change in taxation on personal residences, because again, personal residences right now are tax free, which makes them taste even better. But there's concern over changes. What's say you to the current advantage and perhaps the potential for changes?Josh Sheluk:So let me just set the stage a little bit because I think we've been hearing the same things out there and I'm sure a lot of our audience has been hearing the same things as well. So couple potential changes when it comes to tax that will potentially affect your real estate. So first one that we've been hearing is well, they're going to tax your principal residence. Right now, your principal residence, when you sell it, any capital gains that you have are exempt from tax. So that's a huge advantage for the majority of Canadians that own their property. And just going back to one of the ones I said earlier, that's one of the reasons why a lot of people could argue that real estate is always a good investment because it's tax free. The other big change that we've been hearing about that personally, I think is little bit more realistic is a change on the capital gains inclusion rate.Josh Sheluk:So capital gains, if you have a cottage or a rental property, for example, any capital gains on that property will be taxable for you at 50% of the capital gains. So 50% of that capital gain goes on your income tax [inaudible 00:30:13] pay tax on that. There is some speculation that that 50% inclusion rate will be bumped up, whether it's 66 2/3, where it has been in the past, 75% where it has been in the past. I think it's even been 100% in the past going back a few decades, but these are the changes that people are talking about. But as you've made the point to me, people have been talking about these changes for a long time.Colin White:Oh, I know, and they're going to take the money from your savings account and there's going to be a wealth tax and there's going to be an estate tax. And there's lots of fear-mongering because it's effective. You can get people to listen to you if you tell those stories and you can motivate them to do something that's maybe what you're looking to do is to motivate them to do something. From a practical perspective, we have a minority government. And if they come in with something, either taxing personal residences or increasing your capital gains inclusion rate, I think that they probably would be the ex government. It would be difficult to see Canadians actually putting up with, and I'm sure somebody in a room somewhere has done that math. But the other thing is, typically those changes would come in with some kind of grandfathering. So we would have a chance to react to it.Colin White:Listen, I'm on the record of saying repeatedly, don't let the tax tail wag the dog. Certainly don't go chop down all your trees because there's a hurricane coming and might blow them down. Let's react to what's real. I've seen far more harm be done by people trying to avoid potential tax changes they thought might happen than any benefit from acting early and missing any kind of a tax change that has occurred in my career. So again, we're really bad salespeople. It doesn't motivate anybody to say, "Just sit quietly and let's see what happens." It's not that exciting. And if you're still listening at this point in the podcast, congratulations, you deserve a heart. But again, our take on this is uniformly boring. Let's not rush. I'm going to sit up and watch the new budget when it comes out as I always do.Colin White:And hey, fun fact. When the minister of finance stands up to deliver the speech, it all becomes available online at the same moment. So if you can read faster than she talks, you can actually get a preview of the budget ahead of some people. Maybe that was too much sharing. I don't know.Josh Sheluk:Yeah. Uniformly boring. We might look uniformly stupid in a couple of weeks when the budget comes out and everything that we just talked about is completely moot, but we'll cross that bridge to get there. Right?Colin White:Oh, we can just delete it from the internet. Right. That's how it works?Josh Sheluk:[inaudible 00:32:50] That's perfect. So, okay. So you're on record saying, "Well, don't do anything rash before the changes actually come down the pike, especially if you're not planning on doing something already." If it gives you that final little nudge over the line, then yeah. Maybe it makes sense to consider some potential tax changes, but certainly shouldn't disrupt all of your plans just because of something potentially happening at some point down the road at some point in the future.Colin White:Absolutely.Josh Sheluk:Yeah. So great talk, Colin. Lots to cover on the real estate front. I think what we should have maybe said at the outset is we're not going to be here projecting whether interest rates or real estate or your family home or your condo is going to go up and down in value. That's not really the point of this. The point is, is more to give people a little bit of perspective on what else they need to think about when they're trying to make decisions on the real estate.Colin White:Yeah. We could have come up with a really good podcast, "Three things you need to know about real estate in Canada today." But that's not us and that's not true. And if you listened to that, then you're not getting the whole story. Certainly not the bare naked story.Josh Sheluk:Yeah. We're far too naked for that kind of commentary.Colin White:[inaudible 00:34:06] go. All right. So I'm going to say thanks to everybody again for listening this far and listen, fire off any feedback that you have, if you want to hear other topics of conversation just let us know. We're going to try to feed the audience whatever it wants to hear, unless you want us to do a whole podcast on Bitcoin and then Josh would do that by himself because I'm not going to spend that kind of time on it. But anything short of that, yeah let's throw it out to us and maybe we'll put something together.Josh Sheluk:Yeah. A Bitcoin podcast might be a lot of fun for us, but people will probably be pretty upset once they hear a thesis.Colin White:Too much cursing.Speaker 1:This information has been prepared by White LeBlanc Wealth Planners who's a portfolio manager for iA Private Wealth. Opinions expressed in this podcast are those of the portfolio manager only, and do not necessarily reflect those by iA Private Wealth. iA Private Wealth Inc, is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.  

People are following all manner of crazy investments. While many will plunge to financial oblivion, you can avoid the fall by avoiding the hottest stuff.Excited about "investing" in crypto? Don shares the "incredible" list of businesses that accept the big one, Bitcoin.What kind of advice should you expect from your "financial advisor" (a meaningless moniker)?What the heck is a TFRA? Ah, yet another trumped up acronym to help some "financial advisor" (in this case, insurance agent) sell you something that makes them a huge commission.A caller wonders when a tax-free, municipal bond fund makes sense. 

BioRobert Shiller is a Nobel laureate, meaning he's won the Nobel prize in economics. He's a professor of Economics at Yale. He's written countless papers, articles and books including Irrational Exuberance which predicted both the bubble in equities in the year 2000 as well as the housing crisis. He's the “Shiller” in the Case-Shiller Indices which is how we measure home prices in this country. And he's the author of the 2019 book, and main subject of today's discussion, Narrative Economics.Times1:00 - Intro2:00 - Comments on the state of equity markets6:30 - Narrative Contagion & Constellations11:00 - Neuroscience & narratives15:00 - Constructing narratives17:00 Contagion rate & cross-discipline learning19:00 - Consilience22:30 - Behavioral Economics vs Narrative Economics25:30 - Narratives & Truth / Marketing32:30 - October 29 crash narrative & recent crashes39:00 - How does internet distribution affect the contagion rate?43:00 - His recent Op-ed on 1920s49:00 - Thoughts on inflation Link to his book Narrative EconomicsHis NYT Op-edNarrativemonopoly.comTwitter

Fiscal stimulus and the vaccine have fuelled an extraordinary rally in equities but ultimately stocks are at record highs because of extraordinarily low market interest rates.  This means that for investors, the decision between cash and equities or between sectors hinges on the rates outlook. Even though there are forces keeping rates low, it would be complacent to assume away the risks of higher rates because the inflation outlook is more uncertain than usual at the moment. It would be back to the drawing board for investors if inflation pressures structurally rise, because the Federal Reserve put will be kaput and portfolios would need a radical overhaul. Investors should be wary of inflation - but also of being underweight equities. - Arvid Streimann, Magellan Asset Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum

Will Larson CTO @ Calm shares with us how to focus your time on what actually matters. You’ll hear about many of the common traps engineering leaders fall into and his frameworks to help you better target your time to focus on long-term, high-impact work. "A lot of times they'll be like, 'Oh no one's working on this... I can make a huge improvement here!' But then they'll get signals from leadership that 'Actually this isn't valued...' And so I think it's really important to understand what SHOULD be valuable, and then understand what IS actually valued, and then make your own decisions based on that in terms of where you want to put your time." WILL LARSON, CTO @ CALM Will previously working at places like Stripe, Uber, and Digg. He's been writing on his blog, Irrational Exuberance, since 2007 with 600+ different posts covering tons of topics on engineering leadership, management and career. He is also the author of “An Elegant Puzzle” and his *NEW* book “Staff Engineer: Leadership Beyond the Management Track” Follow Will on Twitter @Lethain Here is the interview Will referenced with Aaron Suggs (engineering sponsorship & being a ‘frequent first follower’) SHOWNOTES When Will confronted the existential question “Am I actually working on what matters?” (3:56) Where most people go wrong when evaluating how they spend their time (8:52) How to focus on long-term impact and avoid short-term “snacks” & “preening” (10:12) How to navigate a company that recognizes high visibility work over high-impact work (13:12) How to mitigate & reduce status-chasing in your teams (16:09) What high-visibility, low impact work looks like with engineering leaders (18:20) “Chasing Ghosts” and the trap of projecting familiarity onto problems (20:59) How to catch yourself “chasing ghosts” (27:31) Focus on what really matters by seeking the “existential issues” & where there’s “Room AND Attention” (32:10) How to identify and anticipate future existential issues with the “Iterative Elimination Tournament” (35:28) Creating “Room and Attention” & identifying your unique capabilities as an eng leader (38:20) Get projects unstuck and prioritized fast by “Lending Privilege” (42:11) Why Will wrote his new book - “Staff Engineering: Leadership Beyond the Management Track” (45:42) Takeaways (48:40) LINKS & RESOURCES Will's blog Irrational Exuberance: https://lethain.com/ Here’s the interview Will referenced with Aaron Suggs on engineering sponsorship & being a ‘frequent first follower’: https://staffeng.com/stories/aaron-suggs Will's book An Elegant Puzzle: https://lethain.com/elegant-puzzle/ Will's *NEW* book - "Staff Engineer: Leadership Beyond the Management Track": https://staffeng.com/book Check out our friends and sponsor, Jellyfish! Jellyfish helps you align engineering work with business priorities and enables you to make better strategic decisions. Learn more at Jellyfish.co/elc Looking for other ways to get involved with ELC? Check out all of our upcoming events, peer groups, and other programs at sfelc.com! --- Send in a voice message: https://anchor.fm/engineeringleadership/message

Reining in my irrational exuberance, plus a bipartisan group offers recommendations for how President Biden help save the Amazon. Dr. Mamie Parker to lead Student Conservation Association, and Crayola's ColorCycle Incitative Recycles Any Marker Free of Charge.    

Market Analyst, Paul Sommerville, talks to Eamon about events that surround Game Stop's trading activity and current trends in the global stock markets and where they might lead. The Stand is proudly sponsored by Tesco.

There's a lot of weird behavior within markets these days...

In this track I ponder how much longer the irrational exuberance can last.

In this age of the pandemic shutdowns, life has turned a new corner for Dr. Alden Cass. Dr. Cass, a therapist for CEOs and Wall Street traders, is president of Competitive Streak Consulting (CSC) in New York City. With the Federal Reserve flooding the US economy with trillions of dollars, buying back corporate bonds and other debt – and Uncle Sam releasing stimulus checks to help struggling Americans – Dr. Cass sees starling signs of mass mania on Wall Street. In this podcast, he dives deep on how the Covid-19 economy is reshaping mental and financial health, presenting unique challenges because of social isolation. Dr. Cass is author of Bullish Thinking. Pairing his work as a clinical psychologist and performance coach, Dr. Cass says he assists individuals, groups, teams, and firms in identifying and correcting self-defeating behaviors and emotions before they hamper productivity and job satisfaction. Through the use of personalized performance coaching, phone coaching sessions, educational, motivational, and specialized lectures, modules, profiling assessments and workshops, Dr. Cass says he has inspired clients on a world wide scale and help them to achieve optimal levels of work performance. This episode is not an endorsement of Dr. Cass’ practice. --- Support this podcast: https://anchor.fm/john-aidan-byrne0/support

PSA's lead authenticator Michael Osacky is back to discuss the downsides and caution areas he sees in the card market- Pokemon fans may want to pay attention! Michael & Skee also discuss Soccer and more on the card industry in general.

SEG-1: Vaccine Manufacturers: Who's Got More Efficacy? SEG-2: Betting on a Sure Thing SEG-3: Where Do We Spend our Money? SEG-4: When We Come Out of This--Who's Going to Win? -------- Chief Investment Strategist Lance Roberts -------- Articles mentioned in this report: https://realinvestmentadvice.com/youve-got-to-ask-yourself-one-question-do-i-feel-lucky/ https://realinvestmentadvice.com/technically-speaking-bulls-go-ballistic-time-to-reduce-risk/ https://realinvestmentadvice.com/buffett-indicator-why-investors-are-walking-into-a-trap/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for the next Candid Coffee: https://attendee.gotowebinar.com/rt/8727986384468951308?source=Real+Investment+Advice+website -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/

Events since early November have boosted equities, strengthened crude oil prices, placed a floor under the USD index and moderated some of the recent safe-haven demand for gold. But market optimism after the US Presidential election, and news of Covid-19 vaccine successes that quickly followed it, could prove short-lived if pandemic impacts worsen further during the northern hemisphere winter. Opec+ Ministers will surely be watching closely.  David Fyfe, Chief Economist for Argus Media, presents this latest podcast and blog post in the “From the Economist’s Chair” series.

The Oil and Gas Market is the ONLY Imperfect Market left in the World. If you are an Oil and Gas Investor, an Energy Investor, seeking Capital for a start-up, hoping for Friends and Family Investment, or considering any of the following… hell, if you are the head of a start-up oil or energy company.. THIS IS THE EPISODE FOR YOU! It's time to apply a bit of “Imagineering” to the Oil and Gas Industry. We have the advantage of an industry pivot, so let's stop chasing our tail and “doing things the way they have always been done”. Why do you think you're really doing more than the last team? Start thinking outside the box! PIVOT DAMNIT! The Oilfield has been continuously plagued by Irrational Exuberance. It's time to discuss the dark side of the coin. Do you know what you have agreed to when you accept investment? Joining THE CRUDE AUDACITY PODCAST, Mr. Joe Blake Smith of Golden Bear Capital sits down to discuss the truth about money, investment, and track records. He unapologetically identifies the pitfalls of private equity, provides his thoughts on identifying and engaging with capital, and provides insight into the vicious cycle of money chasing money. If you want to learn something, you ask someone who has been through it. What do you think about Blake's insights into Oilfield and Energy Investment? _______________________________ I want you to love energy as much as I do! The Crude Audacity Podcast. The Podcast that talks SHOP, SHIP, and STRATEGY with Oil Patch Influencers. Oil and Gas Podcast Energy Podcast TURN YOUR IDEAS INTO ENERGY #oilandgasindustry #energyindustry #privateequity #energyinvestments #mineralrights #oilfieldinvestors #oilandgasinvestors #seekingcapital #privateinvestment #entrepreneurship #manyfacesofmoney #shalerevolution #whatweknownow #industryeconomics #oilfieldeconomics #drilling #upstream #downstream #midstream #alternativeenergy #M&A #Acquisitions #mergers #ageofconsolidation #WestTexas #Mineralowner #oilfieldservices #leaseoperatingexpense #LOE #oilfieldopportunity #moneychasingmoney #oilpatch #oilpatchproud #oilandgastough #patient #oil #unmaskmoney #alwaysselling #buildyourpitch #oilfieldpitch #pitchyourproject #pitchyouridea #surfaceestate #mineralestate #severance #aubreymclendon #irrationalexuberance #followthemoney #fayettevilleshale #shaleindustry #treasurehunt #oilandgashigh #oilandgaspeople DON'T FORGET TO RATE + SUBSCRIBE! _______________________________ Connect with Today's Oilfield Influencer: Joe Blake Smith https://www.linkedin.com/in/joe-blake-smith-23037932/ _______________________________ Recommended by our Influencer Billionaire's Podcast Rich Dad Poor Dad The Prize The Fracker Funny Money The Moral Case for Fossil Fuels _______________________________ Grab a Beer! Let's Code! Interested in Sponsoring a HACKERVILLAGE EPISODE? Contact Kathryn @ info@thecrudeaudacity.com Be good to each other _______________________________ TCA's Last 2 Vides: DEFINE THE NEW LEAN : https://youtu.be/OYnk8Gxxin8 HOW TO LIE WITH DATA : https://youtu.be/sDNb4uKUP3Y ________________________________ Share This Video: https://youtu.be/KNlWvnmg1fc _______________________________ Say Hi on Social! Linkedin. : https://www.linkedin.com/company/5112... Instagram : https://www.instagram.com/thecrudeaud... Facebook : https://www.facebook.com/thecrudeauda...   Twitter : https://twitter.com/AudacityCrude @thecrudeaudacity ___________________________________ Connect with Kathryn! Kathryn Mills: https://www.linkedin.com/in/millskathryn/ __________________________________ Be sure to follow The Crude Audacity Podcast on Apple Podcast and Google Play. Apple : https://lnkd.in/eruBniF Google : https://lnkd.in/edvkDmB ______________________________ Interested in DIGITAL MEDIA STRATEGIES for Oilfield and Energy?? Connect with Kathryn! It's time to embrace a new style of communication oilfield! www.thecrudeaudacity.com _

What is an economic bubble? It means that a certain kind of financial asset, for example, stock or real estate, which attracts many investors and drastically increases in price for a short time. The sharp rise in the prices of financial assets causes a lot of money to flow into a particular industry, leading to this industry’s prosperity. This kind of prosperity is like a bubble in a bath. It seems that the market is prosperous, but actually, it is an illusion. When the market cools down and people withdraw their investments, the asset prices will collapse. The financial sector calls this false prosperity an economic bubble. The author of this book, Robert J. Shiller, believes that the main reason for economic bubble formation is the collective irrationality of human beings, so he calls the economic bubble "irrational exuberance."   Professor Shiller categorized the precipitating factors of "irrational exuberance" into structural factors, cultural factors, and psychological factors. Firstly, "irrational exuberance" is influenced by structural factors such as political policies, industry development, population size, investor psychology, the growth of mutual funds, the expansion of the volume of trade and so on. It is also fueled by the "amplification effect" of the market. Secondly, from a cultural point of view, the news media and the zeitgeist play a significant role. Finally, from a psychological point of view, these various factors can not affect the market unless human "psychological factors" are also involved. 

As I’ve had more early career folks reach out about mentorship, the most frequent question they have is learning about the story of my technology career. I genuinely don’t think my story is a good one to learn from because I’ve had a path dependent on a great deal of privilege and luck. That said, at some point it’s easier to simply write the story and let folks decide that for themselves. https://lethain.com//my-career-story/ reach out about mentorshipwhen I’m trying to impress folksA Complete History of My WagesAshley C. Ford’s appearance on Longform PodcastA forty year careerYou only learn when you reflectSome career adviceCareer narrativesAsheville, North CarolinaCentre CollegeIrrational Exuberanceteaching English in Japana remote locationone tutorial series on PyObjCJoel Hooksafter I wrote a series of blog posts on their API launchlaunch Monocle StudiosDigg V4 launchwe ran an acquihire process and were sold to SocialCodeLTIPsA Random Walk Down Wall Streetr/financialindependenceat my writing historyI learned and did a lot at StripeAn Elegant Puzzlemy first conference talksgrow my personal networkto join Calm as their CTO

In Episode 26, Alex Proimos speaks with Rob Prugue, principal consultant at Callidum Investment Research. All views expressed on this podcast are subject to change and do not necessarily reflect the views of Conexus Financial. This podcast is for educational purposes only and should not be relied upon as investment advice.

Michael offends North Dakota, Vanessa drinks from a half-full glass, and they patent the 3 "i's" of finance.

On March 19th, I posted https://lethain.com/staffeng-april-updates/ How do folks reach Staff Engineer?posting storiesKeavy McMinnSilvia BotrosDuretti HirpaMichelle Buwrote his story on his own blogif they submit themstaff-plusGetting in the roomStaying aligned with authorityStaff engineer archetypesHolloway's approachIrrational Exuberance

The RotoViz Flagship is powered by RotoViz Radio.If you’re a listener of the show who isn’t subscribing yet to RotoViz, you can get a special 10% discount through the podcast.SPONSORSBetonline.ag – Head over to BetOnline.ag and use our promo code ​BLUEWIRE​ to receive your 100% Welcome Bonus on your First Deposit.​

A new story of reaching Staff Engineer and succeeding once there has been posted on StaffEng. Share your thoughts on Twitter at @lethain, or reply to ... StaffEng@lethainRead the full article on staffeng.comblogtwitterlinkedincreated an unofficial Engineering Management Book ClubBuilding a System for Frontend TranslationsWhat does sponsorship look like?The Engineer/Manager PendulumHigh Output Management by Andrew GroveLara HoganResilient ManagementIrrational ExuberanceInsights BlogDaniel EspesetTanya ReillyStaffEng@lethain

IT'S HERE. In the pilot episode of Blocked and Reported, hosts Katie Herzog and Jesse Singal explain what the podcast is, and Katie reveals a very special Pandemic Announcement. The hosts also discuss the "Why I Am Leaving The Left" subgenre, debate whether insanely irresponsible pandemic behavior has changed their views on internet shaming, and offer some suggestions of wonderful Old Internet relics that can help listeners ride out the end of the world in an entertaining manner. Show notes: -I'm A Lesbian Woman & I'm Leaving The INSANE "Progressive" Left (https://www.youtube.com/watch?v=mzYHBPTfXCI) (YouTube) -Welcome To My Home: Part 2 (https://www.youtube.com/watch?v=CQokp6UvYwk) (YouTube) -Yatta! Irrational Exuberance (https://www.youtube.com/watch?v=BZJIpTIPnRs) (YouTube)

Gillmor Gang X - Denis Pombriant and Steve Gillmor. Recorded live January 3, 2020. Produced on Anchor and GarageBand January 14, 2020.

Do We Talk Ourselves into Bubbles and Recessions? An interview with Nobel Prize winning economist Robert Shiller, who is the author of the new book Narrative Economics and the iconic book Irrational Exuberance. Shiller discusses how the stories we tell one another drive the economies of the world – sometimes into bubbles, sometimes into tearing down walls (like the Berlin Wall in 1989), and other times into depressions. About Robert Shiller Professor Robert Shiller is one of the leading economists of today. His work on inefficient markets earned him a Nobel Prize in economics in 2013. He is the author of many bestselling books, and is a frequent guest on television and at major economic conferences worldwide. Professor Shiller is the Sterling Professor of Economics at Yale University.

My guest in this episode is Neal Bawa. Neal is the Founder and CEO of Grocapitus, a commercial real estate investment company that specializes in acquiring apartment complexes across the US for over 300 investors. He is the CEO and Founder of MultiFamilyU, a multifamily education business that teaches Multifamily acquisition and management techniques to thousands of students every year. Grocapitus has a portfolio of over $150 million that includes Multifamily, Student Housing and Hospitality. Both new construction projects and value add projects are being run by the Grocapitus team. Over 4,000 real estate investors attend Neal’s training webinars, seminars and boot camps each year. I have 3 Cashflow Ninja community announcements: I just created a free Facebook Group for all of our listeners, you can go to www.cashflowninja.com/facebook and join our group. You can also find us on Facebook searching "Cashflow Ninja Community". If you have found what we do valuable here and want to support us, there are two ways to do it. Please go to Itunes and subscribe, rate and review our show. This helps with Itunes algorithms and will help other people find the show. Please send us a video testimonial recorded with your smartphone to info@cashflowninja.com. We are building out a new website and would love to feature our listeners. The top 10 videos will receive Cashflow Ninja SWAG and will be featured on the new Cashflow Ninja website. If you are interested in joining our investor's group, you can go to cashflowninja.com/investorsgroup and fill out an application form or e-mail me at info@cashflowninja.com to start the discussion to see if you are a good fit for our group. If you are in the Philadelphia/Bucks County and Southern New Jersey area, we are hosting a live investors meetup event every month in Newtown, PA. For more information on the monthly event and information on how to join us at our next event, you can go to www.cashflowninja.com/events. Interview Links: Grocapitus Investments If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! Support Our Sponsors Producers Wealth, create, protect & multiply your wealth in ANY Economy. Asym Capital, achieve asymmetric returns through recession-resistant real estate.   Norada Real Estate, create real wealth and passive monthly cash flow.   The Real Asset Investor, alternative cash flow investments.   Goldsilver, buy physical gold & silver to hold as wealth insurance.   Cashflow Gold & Silver, learn how to create income streams from your Gold & Silver Investments.   Property Profits, how to buy & profit from prime real estate.   Audible, download any audiobook for FREE when you try Audible for 30 days.   Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post!   Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.   And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @thecashflowninja.   Until next time! Live a life of passion and purpose on YOUR terms,   M.C. Laubscher

Darrin: [00:00:09] What do you see is the BIGGEST RISK? [00:00:11][2.5] Shoshana: [00:00:13] So I mean I think we've we've touched on it throughout this whole conversation. I think that 2008 for people is a very very large. I think that, we're in this phase where it cannot get all the numbers like this sort of KPI of our economy are looking pretty positive right. [00:00:33][20.4] Shoshana: [00:00:35] And we know from lots of prior experience again, pick on our age again, sorry about that. That everything cyclical. And you know there's a new administration or there's not a new administration or there is a world event or there's changes in the job market. Unemployment, interest rates, etc. All of these factors have, we know from experience, have the ability to create pretty seismic shifts in investment markets across the board. We know this. And so, although there's a book called Irrational Exuberance that we're in this phase, where although we want to feel really excited about how everything looks right now. There is an American reality which is we are where we're always waiting for the other shoe to drop. And that's because for many of us we've seen the other shoe drop and we've paid that price. Myself I would I've been in the Internet space since 1997. I survived three bubbles and bursts in that time you know. Two thousand after 9/11 2008. And you know who. I don't think anybody would ever bet that it's not going to happen again no matter how good things look. So I think that risk is something that is inherent in this business. I think if you come from a variety of different places I think that what we need to do as a we call ourselves a direct to investor platform. So we're not a JP Morgan Chase or a sort of big institutional company that is not going to come across individual investors that we know and shake their hands and have a relationship with we can't afford to be that disconnected. So what we try to do, is and we've done this in the short time we've been around, is really like pull apart where risk sit. You know, what are people most worried about? And so I shared with you the data that we use I share with you the fact that we stay actively involved in the investment. I shared the fact that we have a thesis that says these are short term investments where volatility in the market is minimized. And we recently, about six months ago actually introduced a pretty revolutionary product where we actually provide equity protection on principles for certain ones of our investment. So it's a double layer of invest of a double layer of protection, excuse me. First layer is you as part of your investment a small piece of it goes into a retention fund like a social pool. And then when that's exhausted if an investment does not go well, which has not happened yet. Knock wood. Then the second layer, and you'll you know I'm sure that this will appeal to you as an insurance guy, is we have a reinsurance policy with one of the largest reinsurance companies called Everest RE. That that is there to provide that second layer of protection. Now, this protection does not is not on every one of our investments because as you probably can imagine the projected returns on an insured principal are going to be lower than on one that's not. You know, no pain no gain. High risk, high reward etc. And so but I think that you know that when my CEO Iran Roth walked into every story probably about a year and a half ago to say that he had this idea that we should insure people's investment everyone thought it's crazy. But if you think about it we invest you know we insure almost everything else; our lives, our homes. There's vacation insurance, there's weather insurance. Why not insure your principle on an investment. And so again I think we're looking to really think about what are the things people are most scared about from a risk perspective and find ways to mitigate them. And sometimes that is in the form of a policy. Sometimes it's in the form of a model like the way we do our business. Sometimes it's showing up in Georgia and making sure that an investment continues to stay on track. It depends what it is. [00:00:35][0.0] [22.9]

Neal Bawa found himself in the real estate sector almost by accident. But the rigorous habits of data analysis he honed as a tech industry executive proved even more valuable in the OZ space. The Founder and CEO of Gracapitus tells us about his unique perspective on Opportunity Zone investing in this episode of The OZExpo Podcast.Host: Jack HealdGuest: Neal BawaLinks:https://censusreporter.org/https://www.costar.com/https://www.neighborhoodscout.com/http://www.city-data.com/ https://www.housingalerts.com/https://www.localmarketmonitor.com/https://multifamilyu.com/ (real estate trends 2019)https://www.udemy.com/realfocus/

Jonas Knox, Steve Fezzik and Brad Powers talk about the Giants sending Odell Beckham Jr. to the Cleveland Browns and why the blockbuster move isn’t enough to turn the Browns into Super Bowl contenders. The guys make the argument that the Giants are further away from a rebuild than they were last year and break down the impact that Le’Veon Bell will have on the New York Jets. Finally, Jonas and the gang share their thoughts on Kyler Murray’s pro day and make their best bets for Wednesday! Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

The ketogenic diet, intermittent fasting, whether or not you should skip that first meal of the day...you've probably heard a lot of arguments for and against each, so how do you know what's “right”? What will provide YOU with healthful longevity? Valter D. Longo is a biogerontologist, cell biologist, and author of several books, the latest of which is The Longevity Diet. He joins the podcast to discuss his views on these issues and shed light on some of the main arguments in his book, each of which is based on the scientific evidence that's available today.  The Longevity Diet is divided into two sections: the first utilizes an approach that's based in part on findings of epidemiological and clinical studies to decide how best to eat on a daily basis, and the second discusses the benefits of the fasting mimicking diet. He's a proponent of diets rich in legumes and vegetables, 12-hour daily fasts, and making time for breakfast each morning. While he admits that the ketogenic diet may benefit some individuals with particular health issues or diseases, he references a Harvard study that followed 120 subjects over a 30-year span and drew conclusions about the long-term effects of high fat, high protein, low carb diets: significantly shorter lifespans, and higher rates of cancer and cardiovascular disease. He also discusses how daily fasts that exceed 12 hours lead to a mechanism by which the body essentially begins eating itself, and how the concept of “irrational exuberance” is largely at play in many people's devotion to diet fads. 

Marc and Jay talk about key roster battles, the 3 preseason games, thoughts on the roster so far, and much moreLearn more about your ad choices. Visit megaphone.fm/adchoices

Äntligen! Efter avsnitten om Enron har många av våra lyssnare längtat efter fler makalösa bolags uppgång och fall. Enron var den dittills störst konkursen men bara månader senare trumfades de av ett annat bolag – WorldCom. Vi får följa med Bernie Ebbers på hans resa från motellägare till en av senaste decenniernas största bolagsbyggare. Hur […]

Mise-en-place is not a crazy efficiency program. It is really a way of life for people who value themselves, people, eachother, and the planet. In this episode of Made You Think, we’re covering the book Everything in Its Place (originally “Work Clean”) by Dan Charnas, and for the first time on the podcast, the author is joining us for the episode! This book is all about the strategies and tools that culinarians often use in their work, and applying these strategies to improve your life and productivity. We cover a wide range of topics, including: The ten mise-en-place system techniques that you can use to improve your life The correlation between an organized space and an organized mind Using the mise en place system to reduce anxiety, improve work efficiency, and overall quality of life Building inner-discipline and being honest with yourself The importance of actually finishing the tasks that you start on Becoming a better manager and a few of the flaws in companies today And much more. Please enjoy, and be sure to grab a copy of Everything in Its Place and to check out Nat’s Notes on the book! If you enjoyed this episode, be sure to check out our episode on How to Think Like Elon Musk, to learn how to emulate Musk’s way of thinking for extreme advantages in life, and our episode on The Goal by Eliyahu M. Goldratt, to learn how to use a simple theory to never stop improving. Be sure to join our mailing list to find out about what books are coming up, giveaways we're running, special events, and more.   Mentioned in the show: Unlimited Brewing Company [1:12] Warner Brothers [2:03] The Eisenhower Matrix [4:29] School of Journalism [5:28] The Palm Pilot [5:54] NPR [12:06] Transcendental Meditation [22:22] Culinary Institute of America [25:35] Tisch [47:58] Saturday Night Live [48:29] Four Sigmatic Mushroom Coffee [1:01:37] Four Sigmatic Cordyceps Elixir [1:02:49] Made You Think support page [1:03:35] Perfect Keto [1:03:39] Kettle and Fire Bone Broth (20% off for listeners!) [1:03:41] Nat’s article on fasting [1:09:25] Keto Subreddit [1:12:13] Matcha MCT oil powder [1:17:04] Athletic Greens [1:18:04] Books mentioned: Work Clean (Nat’s Notes) (new version of the book) Getting Things Done [0:48] The Goal [3:14] (Nat’s Notes) (episode on the book) The Seven Habits of Highly Effective People [4:02] First Things First [4:04] The Big Payback [4:37] The Making of a Chef [6:44] Kitchen Confidential [7:04] Heat by Beaufort [7:06] The Way of Zen [23:22] (Nat’s Notes) (Neil’s Notes) (episode on the book) Irrational Exuberance [1:00:25] Outliers [1:00:29] What Happened [1:00:45] Antifragile [1:04:04] (Nat’s Notes) (episode on the book) Godel Escher Bach [1:10:27] (Nat’s Notes) (episode on the book) Daily Rituals [1:18:35] People mentioned: Dan Charnas Chris Sparks [0:33] Rick Rubin [2:05] Steven Covey [3:57] David Allen [6:08] Michael Ruhlman [6:44] Anthony Bourdain [7:04]] Wylie Dufresne [9:02] Jean-Georges [13:54] Thomas Keller [13:56] Alan Watts [23:22] Éric Ripert [25:28] Bill Buford [25:31] Lauren Michaels [48:29] Ernest Hemingway [50:23] Nassim Nicholas Taleb [1:00:13] (Antifragile episode) Tim Ferriss [1:02:42] 0:00 - Introduction featuring the author himself, Dan Charnas. A bit on what made Dan write the book, how he got into organizational systems, and some background on his life. Also, Dan listing some of the most influential books that he’s read. 7:24 - Dan’s journey to becoming a chef and him describing the importance of mise en place. Also, a bit on applying the powerful principles that chefs live by to other areas of life. 11:30 - The beginning of Dan cotifying mise en place for the first time with Work Clean, some thoughts on how things sometimes need an outside perspective, and a bit on the discipline and commitment that’s required in the culinary world. “There’s a certain level of commitment to reality that culinarians have that I think we miss in the corporate world.” 17:02 - The thirty-minute daily commitment to setting your own mise en place, some discussion on the macro and micro levels of the system outlined in Work Clean, and the importance of having a system that involves both the mind and the body. 20:02 - Using mise en place as an effective anxiety reducing technique, the correlation between an organized space and an organized mind, and a bit on the zen-like aspects of the book. 24:20 - Breaking down the ten ingredients/techniques of mise en place that you can bring together for your own personal system. 27:55 - The main technique of the mise en place system that has positively impacted Dan the most and some discussion on the importance of doing the largest tasks in your day first. 34:58 - Certain things to do watch out for when managing people, some thoughts on management in general, and discussion on implementing systems into large-scale organizations. 42:20 - General discussion on corporate meetings and the flaws of these meetings. Also, a bit on a chef’s heavy responsibilities, finding balance between speed and quality, and improving efficiency within a company. “A meeting is about sharing ideas, resolving conflicts, and unblocking.” 48:48 - Going in depth on the importance of actually finishing your actions. Also, some discussion on taking an intentional break and the need to be honest with yourself about your work. “Ninety percent finished is the same as zero percent finished.” 54:07 - A bit more on having a system for both the body and the mind, and linking the system to your calendar. Actually taking the time to do things and scheduling the time to do them. “This is what I can do today.” 58:14 - Wrap-up, where to find Dan at online, and some closing thoughts. 59:03 - After-thoughts with just Neil and Nat. Some discussion on various products discounted for listeners, diet, health, fasting, and going into ketosis (ketogenic diet). Also, some discussion getting into ketosis and how to minimize the negative effects when transitioning into ketosis. If you enjoyed this episode, don’t forget to subscribe at https://madeyouthinkpodcast.com Ultimately it is about cultivating our inner-discipline.

Irrational Exuberance by Kenilworth Union Church

With a collective sense of humanity in America, and to some extent the world, being anxious and uncertain amid the rapidly evolving political and environmental scenes, we need as never before to access our genetically encoded sense of joy/peace/love; we need this access as a daily mystic practice to help heal what is ailin' us. And Hey! it's Springtime, a significant return of the basic codes of our earthly existence, offering us cyclical renewal as a balm for the oppression of current events and unfolding planet-wide changes. With renewal comes fresh perspective, new opportunity and new ways of living our lives and maybe, just maybe, irrational exuberance. Join us for our Spring Equinox Mystical Musings.

With a collective sense of humanity in America, and to some extent the world, being anxious and uncertain amid the rapidly evolving political and environmental scenes, we need as never before to access our genetically encoded sense of joy/peace/love; we need this access as a daily mystic practice to help heal what is ailin' us. And Hey! it's Springtime, a significant return of the basic codes of our earthly existence, offering us cyclical renewal as a balm for the oppression of current events and unfolding planet-wide changes. With renewal comes fresh perspective, new opportunity and new ways of living our lives and maybe, just maybe, irrational exuberance. Join us for our Spring Equinox Mystical Musings.

This week's release of Apple's financial results prompts us to ponder the future of the iPad, iTunes, Apple's video strategy, and the wearables market.

The Dow 20,000 party is going to have to wait - at least for another day The Dow was down a little bit today - 23 to 19,918 The broader market was a bit weaker than the Dow The markets continue to shrug off very weak economic news that came out throughout the day We got bombarded with all sorts of negative pieces of news that ordinarily, maybe before the election of Donald Trump, would have weighed down the market Certainly it would have weighed on the currency markets The dollar would have been very weak and gold would have had a big rally Instead, gold was down a little bit, and the dollar rose a little bit despite very weak economic data that I will get to I want to start off by focusing on the stock market and the optimism which is really quite ridiculous and unfounded Part of the reason for the rally, though, is a lack of selling We have a lot of people mindlessly buying the markets, but you don't have a lot of selling One of the reasons is that people would rather sell in January than in December People are enthusiastic about Trump's presidency because he will cut taxes If you have a gain in the stock market, why realize that gain now in the waning trading days of 2016 If you sell now, not only do you have to get your check into the IRS by April of next year But also, you've got to pay the current tax rate If you wait until the firs week of January, you don't have to pay taxes until a year from this coming April You have all that time to use the money and the tax rates may be a lot lower So why sell now? A lot of people are being given that advice; don't sell now - wait until January Who knows - this market could ring in the new year with a major sell-off

  The Dow Jones is in record territory, closing above 19,000; they're already starting to talk Dow 20,000 now The markets are euphoric All the traders who were so convinced that President Trump would be a disaster for the stock market, now think it's a boom for the stock market It shows you how fickle investors are, but also how quickly the narrative can flip Personally, I don't think it has anything to do with the fundamentals I think traders are trying to push the markets in a particular direction, and they're just grasping for reasons to justify it Obviously, what they're talking about now is all this extra economic growth and inflation (supposedly inflation is a good thing) This is going to result from the the massive fiscal stimulus that we're going to get from the Trump administration Of course, everybody is ignoring the monetary drag that is already evident from the bloodbath in the bond market And this is going to continue, in fact if you look at the trend lines We've broken some trend lines now, which were down in yield and up in bond prices that have been in existence since 2007 So we have done some serious technical damage to the bond market The 10-year yield, right now, is at 2.357, which is still low But it has moved up by 32% in the last 2 weeks That is a huge percentage increase in long-term interest rates First of all, this is already decimating the commercial real estate market, which is the bulk of Donald Trump's net worth He's going to be running his business from the White House while he is running the country; he says that's perfectly legal Clearly he doesn't want to see a continuation of the collapse in the commercial real estate market But believe me, these cap rates are moving up rapidly  

In this episode, Preston and Stig discuss the key points from the book, Irrational Exuberance by Robert Shiller.Click here to get full access to our show notes.

Robert Schiller - Nobel Prize winning Author of the book Irrational Exuberance and Yale Economics Professor comes out strongly against over reliance on the stock market in retirement planning.  Schiller suggests that a substantial portion of retirement assets be put in Inflation indexed government bonds Inflation indexed retirement annuities Schiller urges retirees to take retirement income in this form rather than relying on the stock market. He goes on to say Retirement Plans Should be Put on Sounder Footings. Marc & Kraig also discuss a recent article where CPA Ed Slott talks about the Deminse of the inherited Stretch IRA option.      

From May 5 – June 9, 2014 critic, curator and cultural provocateur Andy Horwitz gave a series of five lectures on live performance at NYU. On May 19, 2014 the lecture was titled "Irrational Exuberance: The Performing Arts Market Explained". Here Andy examined the performing arts market in NYC from 2004 – 2014 as viewed through the lens of the APAP conference and related showcases. Taking a historical and global perspective, Andy addresses issues of supply and demand and the relationship between economic and cultural structures in the current nonprofit performing arts, aesthetic bias and resource allocation. Drawing from his extensive body of critical writing on Culturebot.org, the findings of The Brooklyn Commune Project’s report on arts, economics and cultural production in the performing arts, and his years of experience as a curator, producer and artist advocate, over the course of five lectures Horwitz weaves disparate but interrelated topics together to offer a uniquely insightful perspective into the current state of performance and its possible futures. These lectures were made possible with support from the Tisch Initiative for Creative Research at the Tisch School of the Arts, New York University, (Dana Whitco, Director). Special thanks to Allyson Green, Dean of the Tisch School of the Arts; the Department of Dance, Cherylyn Lavagnino and Sean Curran, Co-Chairs. Special thanks also to William Moulton and Paul Galando, Tisch Dance.

The Murray N. Rothbard Memorial Lecture sponsored by Helio Beltrão, presented at the Austrian Economics Research Conference. Recorded 21 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno. Full title: "The Global Curse of the Federal Reserve: How Its Monetary Virus Stimulates Destructive Waves of Irrational Exuberance and Depression" Music by Kevin MacLeod.

The Murray N. Rothbard Memorial Lecture sponsored by Helio Beltrão, presented at the Austrian Economics Research Conference. Recorded 21 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno. Full title: "The Global Curse of the Federal Reserve: How Its Monetary Virus Stimulates Destructive Waves of Irrational Exuberance and Depression"