Smart Investing is the radio show where Brent and Chase try to make investing easier to understand. They demonstrate long-term investment strategies to help you find good value investments.
…
continue reading
Smart Investing with Brent and Chase Wilsey
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Robo-Advisors, Inflation, Strategic Petroleum Reserve, Debt, Gold, SBUX, Tesla, Housing Prices, & Annuities
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
History shows robo-advisors failed to live up to the hype!When robo-advisors first came out years ago, people asked if I was worried about my career. I said no because I do believe that investing can be very complicated and a good advisor is worth it. I’m happy to report that has been the case. Robo advisors have only accumulated one trillion dolla…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 17, 2024 | Declining CPI, Retail sales data, separately managed funds, Umbrella Insurance, JB Hunt Transport Services (JBHT), Mobileye (MBLY) & Ulta Beauty (ULTA)
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Declining CPI opens door to lower interest rates Inflation concerns are falling as the July Consumer Price Index (CPI) showed an increase of 2.9% compared to last year, this would mark the lowest reading since March 2021. Core CPI, which excludes food and energy was also positive as it came in at 3.2% which would mark the lowest reading since April…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 10, 2024 | Friendly Fraud, Google & Apple, US Debt, Tax Changes in 2026, Intel (INTC), Merck (MRK), Charles Schwab (SCHW)
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
“Friendly fraud” is costing businesses $100 billion a year I was surprised to learn of a new term called friendly fraud. This is when a customer disputes a legitimate charge they made on their credit card, debit card, or another payment method. According to a recent survey,35% of Americans admit to committing this kind of fraud, and 40% know someon…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 3, 2024 | Employment Numbers, Venu Sports, Microsoft vs. Open AI, SoFi Technologies (SOFI), UPS (UPS) & DexCom (DXCM)
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Did the markets overreact to employment numbers? Markets headed largely lower Friday morning after nonfarm payrolls grew by just 114,000 in the month of July. This was well below the estimate of 185,000 and the downwardly revised June number of 179,000. Total revisions for the previous two months led to numbers that were 29,000 lower than previousl…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
July 27, 2024 | Q2 GDP, June PCE, WBD vs NBA Legal Battle & IRS and Inherited IRAs
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Q2 GDP not as strong as the headline numbers show While Real Q2 GDP increased at a 2.8% annualized pace and easily topped the estimate of 2.1%, there were some likely one time impacts that lifted the numbers. The major outlier was the change in private inventories as it added 0.82% to the headline GDP number. As we discussed after Q1 GDP, private i…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Jul 20, 2024 | Retail Sales, Oil Demand, Japan's Pension Fund and Spousal Social Security
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Retail sales beats expectations but shows consumer is still softening. June retail sales came in flat compared to the previous month, this topped the expectation for a 0.4% decline. Compared to last June, retail sales were up 2.3%. Areas of strength included non-store retailers (+8.9%), food services and drinking places (+4.4%), clothing and clothi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
July 13, 2024 | Inflation & Rate Cuts, PPI, Labor Market, Investing and Roth Conversions
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Inflation continues to cool, creating more hope for rate cuts. The June Consumer Price index (CPI) rose 3.0% compared to last year, which was below last month’s reading of 3.3% and the expectation of 3.1%. Core CPI, which excludes food and energy rose 3.3% from a year ago. This was below last month’s reading and the expectation which were both 3.4%…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
July 6, 2024 | Largest US Banks, Jobs Report, Labor Market, Risky Investing and Reviewing Mid-Year Income
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Largest US Banks I continue to remain optimistic about investing in the large financials, specifically the money center banks. For the most part they trade at good valuations and the recent stress test shows they remain healthy. All 31 of the largest US banks passed the Federal Reserve’s annual stress test, which provided a hypothetical scenario wh…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
May Retail Sales, Annuities, New Car Sales and Social Security Earnings Limit
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
May Retail Sales May retail sales showed the economy is continuing to decelerate, which is exactly what I think we need to see. The release showed retail sales were up 0.1% compared to last month, which missed the estimate of 0.2%. When looking at May 2023, retail sales were up 2.3%. While this doesn’t show a booming economy, I still believe it is …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
June 15, 2024 | May CPI, May PPI, Private Investment Deals, Apple Stock and What should you do with your Annuity
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
May CPI I would say I was very optimistic after the May Consumer Price Index (CPI) was released. Headline CPI increased 3.3% compared to last year, which was below the estimate and last month’s reading which both stood at 3.4%. Core CPI which excludes food and energy was up 3.4%, which was below the estimate of 3.5% and last month’s reading of 3.6%…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
June 8, 2024 | Jobs Report, JOLTs, NVIDIA and S&P 500, Natural Gas Prices and Game Stop
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Jobs Report The Jobs Report showed the labor market continues to remain on good footing considering nonfarm payrolls rose by 272,000, which easily topped the estimate of 190,000. Strength occurred in health care and social assistance (+83.5K), leisure and hospitality (+42k), professional and business services (+33k), and construction (+21k). Govern…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
June 1, 2024 | PCE, Quality Investments, Short-Term Investing and Reducing Auto Insurance Premiums
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
PCE The core personal consumption expenditures index (PCE), which is the Fed’s preferred measure for inflation did not show much progress in the month of April. Year over year core PCE was up 2.8% which matched the previous month’s reading. If you want to get really mathy with the numbers and move over one more decimal place there was actual a posi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
May 25, 2024 | AI Boom, Bond Allocation, Tariffs on Chinese Goods and Mortgage Payments
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
AI Boom You may have missed the AI boom in NVIDIA, but for patient longer-term investors there could be a good investment opportunity in energy going forward. As more companies begin to use AI, the demand for energy will increase. Keep in mind that this is on top of expected growth in the electric vehicle market and if it continues on in future yea…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
May 18, 2024 | PPI, CPI, Private Credit, Meme Stocks and Best Withdrawal Rate for Retirement
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
PPI Initially the Producer Price Index (PPI) looked problematic as it increased 0.5%, which easily topped the estimate of 0.3%. Looking further into the report though, the March reading was revised from an initially reported 0.2% gain to a decline of 0.1%, which more than accounted for this month’s beat. Looking on a year-over-year basis, PPI rose …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
May 11, 2024 | Cash & Money Markets, AI & Jobs, Apple in China and the Tax Rate on Gold
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Cash & Money Markets are not Long-Term Investments With many companies in the stock market more expensive than we’d like to see, we have been sitting on more cash in a money market than we normally would. While the 5% or so in interest is nice for the time being, we are using this as a temporary parking place until we find a good long-term investme…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
May 4, 2024 | Labor Market Payrolls, Job Openings, Microsoft and AI and Starbucks
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Labor Market payrolls Nonfarm payrolls increased by 175,000 in the month of April. While this was well below the estimate of 240,000, this may actually be a big positive. Having that type of growth still shows the labor market is on good footing, but to combat the Fed’s inflation concerns it’s nice to see a labor market that is not too hot. Previou…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
April 27, 2024 | GDP, Personal Consumption Expenditures (PCE), S&P 500, Technology & S&P 500, Nasdaq and Do you Hold too Much Cash?
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
GDP First quarter GDP was a large disappointment as it grew at an annualized pace of 1.6%, substantially below the estimate of 2.4%. I will say, considering there is a lot of data to collect the first reading can be subject to major revisions. As a recent example, in 2023 Q1 GDP had an initial reading which showed an increase of 1.1%, but it was la…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
April 20, 2024 | Retail Sales, Value Companies, Home Owners Insurance and Pensions & Social Security
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Retail Sales People may be complaining about higher interest rates, but it does not appear to be slowing down the consumer. Retail sales climbed 0.7% in the month of March, which is easily topped the estimate of 0.3%. Compared to last year, sales were up an impressive 4.0%. Areas of strength continued to be nonstore retailers, which were up 11.3% c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
April 13, 2024 | March CPI, March PPI, Investing High & Lows, Semiconductor Industry and Reinvesting Dividends
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
March CPI The March Consumer Price Index (CPI) report spooked investors and sent the likelihood of a Fed rate cut in June to around 20%, which was a sharp drop from the greater than 50% chance that was priced in before the data was released. The concern came as headline CPI was 3.5% over the last 12 months, which topped the estimate of 3.4% and cor…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
April 6, 2024 | March Jobs Market, JOLTs, Stock Market, Office Rents,
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
March Jobs Report I must say, I was very surprised by the strength in the March Jobs Report. Nonfarm payrolls increased 303,000 in the month, which easily topped the estimate of 200,000. Unlike prior reports, there wasn’t a major change to the previous months as February saw a negative revision of just 5,000 and January’s revision brought the total…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
March 30, 2024 | EV Sales, History of Hype Investing, PCE, Roth IRA 5-Year Rules
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Electric Vehicle Sales Electric vehicle sales have really not kept up with expectations and I’m concerned for the smaller companies such as Lucid, Fisker and Rivian, which besides Tesla may be the only other exclusive electric vehicle company that may survive. Digging deeper into the numbers for Lucid, since 2021 they’ve only built 10,495 cars and …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
March 23, 2024 | Apple Lawsuits, Retirement Assets, Investing and Mortgage Points & Lender Credits
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Lawsuits Against Apple On Thursday, March 21st, the Department of Justice (DOJ) filed an anti-trust lawsuit along with 16 states against Apple. The DOJ claims Apple’s iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The lawsuit claims that Apple’s anti-competitive…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
March 16, 2024 | CPI, PPI, 401k, Bitcoin Peaking Point and Tax Brackets vs Your Tax Rate
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
CPI The Consumer Price Index (CPI) came in a little bit hotter than expected as the headline number for February showed an annual increase of 3.2% versus on expectation of 3.1% and the core CPI showed an annual increase of 3.8% versus an expectation of 3.7%. While it was not much progress, there was still a decline from last month’s core CPI readin…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
March 9, 2024 | Labor Market, JOLTs Report, China, Personal Consumption Expenditures and Social Security Changes Coming?
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Labor Market While the headline number of 275k jobs created easily topped the estimate of 198k and sparked concerns the labor market remained too hot, the details of the report showed a much softer labor market. To begin, the prior two months saw a downward revision of 167k jobs, which more than offsets the beat we saw in the month of February. Als…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
March 2, 2024 | 401k Loans, Hype Investing, US Farmland and is Long-Term Care Insurance Worth it
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
401k Loans It was nice to see that retirement assets saw a nice increase in 2023. According to Fidelity, the average 401k was up 14% from a year earlier to $118,600 and the average IRA was up 12% to $116,600. While it is good to see this progress, balances are still short of the year end 2021 levels when the average 401k reached $136k and the avera…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
February 24, 2024 | Commercial Real Estate, Should You Buy Nvidia Now, Chinese Car Makers and Investment Return of Annuities
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Commercial Real Estate We hear that commercial real estate properties are having problems, but how bad are those problems? After the 2008/2009 financial crisis, by the second quarter of 2010 commercial property had a record $194.8 billion properties in distress. Compare that to the end of 2023, when commercial properties in distress totaled $86 bil…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
February 17, 2024 | AI Outlook, Investing in Technology, CPI, PPI and Health Insurance Before Medicare
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
AI Outlook So Far Microsoft spent about $7 million per 30 second ad for the Super Bowl promoting their Copilot AI service. Some results are not coming in so good for Copilot with some testers after using the software for more than six months said it was useful but doesn’t live up to its price. Another survey adopter said the initial excitement wear…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
February 10, 2024 | CPI, China Owning U.S. Debt, Growth Companies and Understanding your Tax Phases
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
CPI One of the main reasons I continue to believe the Consumer Price Index (CPI) will continue to decelerate this year is I don’t believe there will be as much pressure from the shelter index. In December, the median U.S. asking rent price fell 0.8% from the prior year to $1,964. According to Redfin, this marked the third consecutive monthly declin…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
February 3, 2024 | Employment Situation, Job Openings, Investment Grade Debt, Liquid Cash and Tax Filing Review
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Employment Situation The numbers for nonfarm payrolls blew away expectations as they expanded by 353,000 in the month of January. This easily topped the estimate for 185,000. Job growth was widespread as it grew in every major category except for mining and logging which saw a decline of 6k in the month. Two areas that remained extremely strong wer…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
January 27, 2024 | GDP Report, PCE, Interest Rates, Federal Reserve Balance Sheets and Rule Changes for Inherited IRAs
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
GDP Report I would say the GDP report was an extremely strong indicator that the economy is progressing in the right direction. While the growth number in Q4 of 3.3% was impressive compared to the estimate for a 2% gain, I believe the inflation numbers were even more important. The PCE price index increased just 1.7% in the fourth quarter and when …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
January 20, 2024 | Banks & the Economy, Office Space, Consumer Spending and Taxes when Selling a Home
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Banks and the Economy Each quarter we get very excited to see what the major banks have to say about the consumer and the economy. Last Friday, JPMorgan, Wells Fargo, Bank of America and Citigroup all reported earnings. The overall comments were the consumer is still strong. The CEO of Wells Fargo said average deposit balances per customer remain a…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
January 13, 2024 | Inflation Numbers, PPI, REITs, Bitcoin ETF and Social Security Spousal Benefits
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Inflation Numbers While the headline inflation numbers were above estimates, I wouldn’t say there were really any surprises in the Consumer Price Index (CPI) report. Headline CPI rose 3.4% vs the estimate of 3.2% and core CPI rose 3.9% vs the estimate of 3.8%. Although it was slightly higher than anticipated, progress is still being made on the inf…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
January 6, 2024 | Jobs Report, JOLTs, Dividends & Buybacks, Federal Debt and Structuring Income for 2024
55:40
55:40
Play later
Play later
Lists
Like
Liked
55:40
Jobs Report There was initial concern that the jobs report was too strong and could point to inflationary concerns. After digging into the report, I believe it is still in line with our belief that the economy is in a good enough spot to have a soft landing and avoid further inflationary pressures. The initial concern stemmed from the fact that hea…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
December 29, 2023 | Santa Claus Rally, Cryptocurrencies, Banks and the Magnificent Seven
59:31
59:31
Play later
Play later
Lists
Like
Liked
59:31
Santa Claus Rally If you felt disappointed in your gifts from Santa this year, there is still hope he brings your investments some nice returns. We are currently in the middle of the Santa Claus rally which is the period of time that includes the last five trading days of the current year and the first two trading days of the new year. Historically…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
December 16, 2023 | CPI, Government Debt, Apple, Accident Repair, Season of Giving
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
CPI The Consumer Price Index (CPI) did not show us much new news and I believe it will be enough for the Fed to keep rates steady and put an end to their hiking cycle. The headline number showed just a 3.1% increase compared to last year and the core CPI, which excludes food and energy showed an increase of 4%. The headline number saw a nice benefi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
December 9, 2023 | Employment, JOLTs Report, Drug Companies, Magnificent Seven and Reviewing Income
59:29
59:29
Play later
Play later
Lists
Like
Liked
59:29
Employment While the headline numbers for the jobs report showed results that beat expectations, when you look closely at the report it shows a softening labor market which is exactly what the Fed wants to see. Nonfarm payrolls in the month of November showed a gain of 199,000 which topped the estimate of 190,000 and the unemployment rate fell to 3…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
December 2, 2023 | Annual Home Sales, Delinquencies, Core PCE and the Real Estate Market
59:28
59:28
Play later
Play later
Lists
Like
Liked
59:28
Annual Home Sales The higher interest rates have put a damper on home sales, which is no surprise. The seasonally adjusted annual sales came in at 3.8 million for October. Not only is that a decline of 4.1% from September, it is the lowest seasonally adjusted annual home sales since August 2010 which was over 13 years ago. As interest rates pull ba…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
November 18, 2023 | PPI, CPI Report, ETF Investors, PEG Ratio and Tax Loss Harvesting
59:01
59:01
Play later
Play later
Lists
Like
Liked
59:01
PPI More great news on the inflation front as the Producer Price Index (PPI) fell 0.5% in the month of October, which was well below expectations for a 0.1% increase. This also marked the largest monthly decline since April 2020. Compared to last year, the index showed an increase of just 1.3% which was a nice decline from September’s reading of 2.…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
November 11, 2023 | PC Sales, Commercial Real Estate, Growth Companies and 2024 Tax & Retirement Changes
59:29
59:29
Play later
Play later
Lists
Like
Liked
59:29
PC Sales We have seen global shipments of PCs decline to 245 million this year, a drop of nearly 100 million from 2021 when global shipments reached 342 million. You may think that PCs are going to go the way of the dinosaur, but that is not the case. Personal computer companies are preparing new PCs that will begin arriving within the next few mon…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
November 4, 2023 | Employment, Labor Market, Federal Reserve Survey, Interest Rates and Adjustable-Rate Mortgage Demand Spikes
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
Employment While the employment numbers missed expectations, it is a big positive for interest rates as the labor market is slowing and should provide evidence for the Fed that their hiking cycle can end. The headline number showed nonfarm payrolls increased by just 150,000 in the month of October vs the expectation for an increase of 170,000. The …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
October 28, 2023 | Investing Volatility, PCE, Recession and Annuity Sales Continue to Grow
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
Investing Volatility A recent client survey by Charles Schwab produced some viable insights during difficult times like this. Over the longer term 33% of investors attributed their greatest investing success to patience through volatility. It is hard to patient during the ups and downs, but the reality is when holding good quality investments, it h…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
October 14, 2023 | CPI, Stock Market Volatility and Treasury Yields
59:24
59:24
Play later
Play later
Lists
Like
Liked
59:24
CPI I was somewhat disappointed by the Consumer Price Index (CPI) as I believed there would be a slower growth in the inflation rate. With that being said, I don’t believe the report is problematic. The headline number for September of 3.7% matched August’s rate and was only slightly ahead of the expectation of 3.6%. The core rate which excludes fo…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
October 7, 2023 | Jobs Report, JOLTs Report, Oil Prices, Investment Returns and Social Security
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
Jobs Report The September jobs report was released on Friday, October 6 and at first glance it was scary because it was so good. But then as the day moved on the report was analyzed further and positive information was found. What was scary about the report was 336,000 jobs created, twice as much as expected. This caused concern that there would be…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
September 30, 2023 | Food Stocks, Portfolio, Automobile Strike, Gold and Social Security & Medicare Changes
59:32
59:32
Play later
Play later
Lists
Like
Liked
59:32
Food Stocks I enjoy food quite a bit, but looking at food stocks I’m beginning to think I like them better. Food companies in 2023 are down between 15 to 25%, and these are levels that some have not seen in 10 years or longer. You know a lot of their names like Kellogg and Campbell Soup. They are not as exciting as tech companies, which have really…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
September 23, 2023 | US Advantages, Snacking in the US, Stock Market and Premium Financed Life Insurance
59:29
59:29
Play later
Play later
Lists
Like
Liked
59:29
US Advantages I always enjoy seeing advantages of the United States over China. In the recent book “Chip War” written by Chris Miller he writes that across the entire semiconductor supply chain, including chip design, intellectual property, tools, fabrication and other steps, the Chinese only has a 6% market share. That compares to 39% for the US, …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
September 9, 2023 | UAW Strike, Government Shut Down, Apple in China, Credit Cards and Student Loan Payments Starting Soon
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
UAW Strike Based on recent readings, it looks like the UAW will strike against the auto makers. I’m certain the auto makers will need to increase pay for the auto workers, but this could perhaps cause them to raise the prices of their cars to cover the increase in labor costs. I hope the head of the union and union workers read the following. It no…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
September 2, 2023 | Jobs Report, Job Openings, Inflation, Bank Fees, Investing Fluctuations and IRMAA
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
Jobs Report The Jobs Report reaffirmed exactly what the Fed should be looking for and that is a softening labor market. Nonfarm payrolls increased by 187,000 in the month of August. This beat expectations of 170,000, but the previous two months were revised lower by a total of 110,000 payrolls. This would put the three-month average at around 150,0…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 26, 2023 | Home Sales, Durable Goods, Pay Decline and Tax-Gain Harvesting
59:29
59:29
Play later
Play later
Lists
Like
Liked
59:29
Home Sales Existing home sales fell 2.2% in the month of July from June. Compared to July 2022, sales were down 16.6% and homes sold as the slowest July pace since 2010. Demand has definitely been hit by rising interest rates and on Monday, the average interest rate on 30-year mortgages rose to 7.48%. This was the highest level since November 2000.…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 19, 2023 | Real Estate Investment Trust, Sales, Barbie Movie and are your I Bonds Worth Keeping?
59:27
59:27
Play later
Play later
Lists
Like
Liked
59:27
Real Estate Investment Trust Months ago at my investment firm, Wilsey Asset Management, we made a decision to go into a real estate investment trust to begin buying class A commercial property that was on sale. I was happy to read recently that the big Wall Street firms are now raising billions of dollars to invest in commercial property that is on…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
August 12, 2023 | United Auto Workers, Gold, CPI, PPI and Don’t be too Tempted by High Savings Yields
59:29
59:29
Play later
Play later
Lists
Like
Liked
59:29
United Auto Workers I understand that unions want to try and provide benefits for their workers, but the United Auto Workers (UAW) seems to be asking for unachievable demands. The negotiations with Stellantis, Ford, and General Motors are underway and the UAW is demanding a 46% pay increase over the next few years. There would be a 20% increase eff…
…
continue reading