| about for the quarter this is the fourth |
2.721 |
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|
|
| quarter it was about three and a half |
2.881 |
Jump to 60.399 |
CARDINAL
about three and a half
|
|
| trillion that's a new record it was i |
4.08 |
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|
|
| think three trillion 2018 |
4.48 |
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|
|
| ten dollars an hour is now making 15 an |
3.121 |
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| hour it's gonna go back to ten dollars |
3.12 |
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|
|
| problem after the first half we don't |
3.841 |
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|
|
| will get better towards the second half |
6.56 |
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|
|
| cash this three and a half trillion |
3.2 |
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|
|
| mostly for the last 10 years is they've |
5.441 |
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|
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| been buying back stock about 40 percent |
3.841 |
Jump to 311.039 |
|
|
| like dividends about 25 percent go to |
5.201 |
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|
|
| rest you know it out the 30 |
6.08 |
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|
|
| maybe 40 percent uh left goes uh capital |
5.28 |
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|
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| investing in the company that's about 30 |
4.16 |
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|
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| 10 so most of the money the big portion |
5.36 |
Jump to 334.24 |
|
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| from one year to the next if everything |
3.84 |
Jump to 365.68 |
|
|
| else is the same your earnings are five |
3.28 |
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|
|
| five percent your earnings per share |
3.6 |
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|
|
| goes up by five percent this is what |
4.16 |
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|
|
| facebook do you know they bought back 20 |
4.64 |
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|
|
| billion dollars in stock in the fourth |
3.28 |
Jump to 428.16 |
|
|
| facebook right it dropped 30 percent on |
5.44 |
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|
|
| 20 billion dollars to buy back stock in |
4.799 |
Jump to 439.68 |
|
|
| the fourth quarter and |
4.801 |
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|
|
| and playing dividends those two things |
4.72 |
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|
|
| last five or six years i can see the |
4.08 |
Jump to 533.92 |
DATE
last five or six years
|
|
| counts by more than 20 in the last five |
4.24 |
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|
|
| reduced their share count 35 that's |
4.159 |
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|
|
| their earnings look better by 35 even |
3.2 |
Jump to 580.56 |
|
|
| was created in 1913. why was there why |
5.84 |
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|
|
| the federal reserve was created in 1913 |
4.4 |
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|
|
| it was given two mandates which is part |
3.44 |
Jump to 708.399 |
|
|
| because there's two mandates so the |
3.44 |
Jump to 711.839 |
|
|
| first mandate is job growth improving |
4.0 |
Jump to 713.04 |
|
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| the economy and the second is fighting |
5.041 |
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|
|
| is so if you have a hundred dollars in |
3.6 |
Jump to 730.72 |
|
|
| the bank and you have two percent |
3.68 |
Jump to 732.48 |
|
|
| inflation that hundred dollars |
3.92 |
Jump to 734.32 |
|
|
| effectively is only worth ninety eight |
4.239 |
Jump to 736.16 |
|
|
| strategy because even low inflation two |
5.679 |
Jump to 744.16 |
|
|
| it's been in the two percent range and |
4.399 |
Jump to 758.0 |
|
|
| sneakers in america but your 150 pair of |
5.12 |
Jump to 802.399 |
|
|
| nikes will be 300 |
5.12 |
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|
| they're gonna push back paying three |
4.16 |
Jump to 813.2 |
|
|
| hundred dollars for nikes for example |
3.12 |
Jump to 815.12 |
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|
| from china's one way or another what |
3.681 |
Jump to 845.199 |
|
|
| japan building one here |
4.401 |
Jump to 852.399 |
|
|
| inflation's about seven percent the cpi |
4.479 |
Jump to 880.48 |
PERCENT
about seven percent
|
|
| consumer pricing the seven percent |
4.479 |
Jump to 882.72 |
PERCENT
the seven percent
|
|
| essentially zero it's zero to a quarter |
3.44 |
Jump to 889.92 |
|
|
| inflation is seven and when you can |
2.56 |
Jump to 893.36 |
|
|
| zero to a quarter percent from a bank |
3.52 |
Jump to 895.92 |
DATE
zero to a quarter percent
|
|
| close that gap if it's inflation at two |
3.041 |
Jump to 901.279 |
|
|
| mess around but with inflation at seven |
3.84 |
Jump to 905.92 |
|
|
| seven percent to pick a number three |
5.601 |
Jump to 958.399 |
|
|
| you got 50 different opinions but nobody |
4.399 |
Jump to 966.8 |
|
|
| you know six weeks later |
4.401 |
Jump to 986.639 |
|
|
| gee i think maybe we could do 50 basis |
2.88 |
Jump to 1026.24 |
|
|
| there's seven meetings left uh |
4.8 |
Jump to 1078.32 |
|
|
| instead of raising a half of 50 basis |
4.88 |
Jump to 1083.12 |
|
|
| think it's march 16th when the next fed |
3.439 |
Jump to 1100.24 |
|
|
| meeting is they'll turn around and do 50 |
2.721 |
Jump to 1101.919 |
|
|
| the first half of the year |
4.4 |
Jump to 1146.0 |
DATE
the first half of the year
|
|
| and that we're not going to be here six |
5.039 |
Jump to 1147.76 |
|
|
| in the first half of the year a lot of |
3.12 |
Jump to 1169.36 |
DATE
the first half of the year
|
|
| 40 |
2.88 |
Jump to 1207.44 |
|
|
| 40 points on the s p when bullard opened |
3.84 |
Jump to 1208.24 |
|
|
| this is not uh the number one issue on |
4.72 |
Jump to 1238.88 |
|
|
| beginning of world war one um one of the |
4.88 |
Jump to 1254.159 |
|
|
| these three stocks |
2.64 |
Jump to 1323.76 |
|
|
| 20 years |
3.2 |
Jump to 1331.12 |
|
|
| not one month |
3.841 |
Jump to 1333.039 |
|
|
| you want to look at somebody over 10 |
4.48 |
Jump to 1354.24 |
|
|
| broad market i mean the s p 500 for |
3.12 |
Jump to 1366.24 |
|
|
| over a 10 year period |
5.6 |
Jump to 1378.559 |
|
|
| 85 of all fund managers underperformed |
6.64 |
Jump to 1380.48 |
|
|
| their benchmarks 85 |
5.201 |
Jump to 1384.159 |
|
|
| that introduces two layers of complexity |
5.44 |
Jump to 1428.32 |
|
|
| essentially the first s p 500 |
4.48 |
Jump to 1445.679 |
|
|
| 1974. all of a sudden you could own the |
3.681 |
Jump to 1448.159 |
|
|
| s p 500 |
3.841 |
Jump to 1450.159 |
|
|
| p 500 i own a mid cap index |
6.321 |
Jump to 1457.679 |
|
|
| i own a small cap index the s p 500 is |
4.399 |
Jump to 1460.88 |
|
|
| about 80 |
3.2 |
Jump to 1464.0 |
|
|
| about 40 trillion dollars um so you can |
4.16 |
Jump to 1467.2 |
MONEY
about 40 trillion dollars
|
|
| s p 500 but the rest you know mid cap |
4.16 |
Jump to 1471.36 |
|
|
| take 90 of your money |
4.561 |
Jump to 1565.679 |
|
|
| the s p 500 and don't do anything and |
5.2 |
Jump to 1570.24 |
|
|
| then take 10 of your money and say okay |
3.52 |
Jump to 1573.039 |
|
|
| that that s p 500 fund you own over |
4.721 |
Jump to 1595.679 |
|
|
| they make mistakes this is one reasons |
2.96 |
Jump to 1641.36 |
|
|
| first index fund but if you don't like |
2.32 |
Jump to 1703.44 |
|
|