about for the quarter this is the fourth |
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|
|
quarter it was about three and a half |
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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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been buying back stock about 40 percent |
3.841 |
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like dividends about 25 percent go to |
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rest you know it out the 30 |
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|
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maybe 40 percent uh left goes uh capital |
5.28 |
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investing in the company that's about 30 |
4.16 |
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10 so most of the money the big portion |
5.36 |
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from one year to the next if everything |
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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 |
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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 |
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facebook right it dropped 30 percent on |
5.44 |
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20 billion dollars to buy back stock in |
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|
|
the fourth quarter and |
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|
|
and playing dividends those two things |
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|
|
last five or six years i can see the |
4.08 |
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DATE
last five or six years
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|
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 |
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|
|
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 |
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|
|
because there's two mandates so the |
3.44 |
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|
|
first mandate is job growth improving |
4.0 |
Jump to 713.04 |
|
|
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 |
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|
|
inflation that hundred dollars |
3.92 |
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|
|
effectively is only worth ninety eight |
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|
|
strategy because even low inflation two |
5.679 |
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|
|
it's been in the two percent range and |
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Jump to 758.0 |
|
|
sneakers in america but your 150 pair of |
5.12 |
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|
|
nikes will be 300 |
5.12 |
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|
|
they're gonna push back paying three |
4.16 |
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|
|
hundred dollars for nikes for example |
3.12 |
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|
from china's one way or another what |
3.681 |
Jump to 845.199 |
|
|
japan building one here |
4.401 |
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|
|
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 |
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|
|
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 |
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|
|
mess around but with inflation at seven |
3.84 |
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|
|
seven percent to pick a number three |
5.601 |
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|
|
you got 50 different opinions but nobody |
4.399 |
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|
|
you know six weeks later |
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|
|
gee i think maybe we could do 50 basis |
2.88 |
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|
|
there's seven meetings left uh |
4.8 |
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|
|
instead of raising a half of 50 basis |
4.88 |
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|
think it's march 16th when the next fed |
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Jump to 1100.24 |
|
|
meeting is they'll turn around and do 50 |
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|
|
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 |
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|
|
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 |
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|
|
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 |
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|
|
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 |
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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 |
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Jump to 1703.44 |
|
|