Chemistry, geometry, physics and a host of history classes. You can graduate from college and have a deep understanding of quantum physics. But you know what they teach you in high school but wont touch with a tenfoot pool in college, financial literacy. You can be an e conmy major and not even learn how to balance a darn checkbook. Money is not talked about in education. Its like the third rail of the whole educational system. And thats why im on a Constant Mission to teach you to manage your money so youll become a better investor when it comes to retirement investing and playing around what w what i call your discretionary mad money portfolio which is a big reason why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some kind of exposure to the stock market. 401 k plan y you keep the bulk of your Retirement Funds which is why i want to talk about retirementment for those of you who have been living in a cave, 401
Sharply lower than what had been expected in april. Also lowering its growth forecast for 2015. The main reason, according to the International Monetary fund, geopolitical risks. They cite risks coming out of the middle east and coming out of the tensions between russia and ukraine. On the up side, the imf revised the u. S. Outlook higher. Growth for the United States set to be 3. 5 for the second half of 2014. 3. 8 in 2015, but the u. S. Is certainly a bright spot in what is otherwise a down beat picture. Europe, japan and the emerging markets all taken lower. Of the emerging markets, i thought it was interesting that brazil was actually cut in terms of the growth forecast the most. Some quotes to highlight from the International Monetary report, mediocre is the word. We heard this from lagarde last week. It sets the tone between finance ministers. Theyll be gathering in washington. Theyll be there to discuss the new mediocre which is what the imf is calling it. Flag warnings about th
Obviously, i am not jon stewart. My name is jason jones. Jon is out sick tonight with a case of something called the bubonz. Im not sure im pronouncing that right. Its apparently an illness that only effects people from new jersey. He should be back tomorrow, but sent me a picture in the meantime. Im sorry. Thats a photo of me. Thats the moment i found out i had to host the show tonight. But weve got a Great Program tonight. Our guest tonight is actually wyatt cenac. [ applause ] the cenac attack. This is a crazy few days. A week ago, i officially became an american citizen. [ applause ] for those of you who dont know, i was born in canada. I know, what was i thinking. But as an american, i now have the sick red right to participate in elections and to vote. Obviously not next month because bleep . Im geared up to pick a president in 2016. Traditionally, the Vice President gets the next at bat. Give me a little taste of mr. Joe biden. Another verbal faux paux from Vice President joe bi
Porous borders. And while the number of deaths can be counted on two simpsons hands, what are we going to do about it were going to do whatever it takes to make sure that our citizens and our homeland is protected. If youre military commanders tell thaus we need Ground Forces to defight isil, sol be it. What about a mercenary army. Virtual fence. Complete impenetrable border. Double fence, triple fence. Whatever it takes. For the next few months nobody from west africa gets into the jon wow. What a difference. In africa u. S. Travel policy 150 years makes. claughtern you know, i have to say [ they would have love thad proposal two0 200 years ago. But the message is clear, whatever it takes, this government has an obligation to do whatever it takes to protect american lives. Heart disease. It is a leading cause of death, killing 600,000 americans a year. claughtern l jon thats like milwaukee disappearing every year. Thats like if you took all the americans killed by isis and ebola, and
Plunging 316 points. S p sinking 1. 62 . Nasdaq dropping 1. 16 . I understand the dilemma here. You benefit from low oil prices, right . So do i. The fact they keep declining relentlessly brea lly freaks ou here. What will go belly up . Will the consequence be . Do they do when they are scared. Its easy. They sell their stocks. Now always remember the way big money things, big money controls the prices on your screen, not you and me. Stocks are who is known as an asset class, not individual companies. Those who think lower oil will cause may ham among producers that will spill over to all companies, just come in and they like a free fire zone blast out of the s p 500 futures. Either to get short the index bet against stocks or to hedge against existing stocks that they own and those sales from the future often reverberate into lower stock prices for all 500 stocks as they get overwhelmed by institutional selling. After the smoke clears, individual institutional stock investors come in