Balancing out recession fears with a natural market pullback

August 21, 2019

Eddie Ghabour, Co-Owner of Key Advisors Group shares his thoughts on the potential of a recession in the next 12 months while also balancing US market moves. Even though Eddie does not see a recession in the next year he is shifting his clients into a more defensive position for their portfolio by focusing on dividend stocks and shifting into cash. We also discuss how the election could play a roll in delaying a major recession.

    Aug 21, 2019 21:24 PM
    Aug 21, 2019 21:57 PM

    QE…..on the way…….

    Aug 21, 2019 21:21 PM

    The media are screaming recession because the media are majority ANTI-Trump.

    The Democrats are screaming recession because the Democrats are ANTI-Trump, more than they are pro-U.S.

    Aug 21, 2019 21:29 PM

    I’m not sure the Fed is pro-Trump. I’m sure the Fed is pro-banker. Will the Democrat-controlled House allow another QE ? I suspect not. I suspect a 0.25% rate cut in Sept.

    Will there be a China trade deal ? Trump is working hard to get one and he is not going to fall for any false promises this this time.

    Aug 21, 2019 21:41 PM
    Aug 21, 2019 21:56 PM

    Thinking of voting Democrat in the next election ?
    I am not strongly pro – Republican…..many are incompetent dirt-bags, but really ….Democrats are worse.

    Do you remember what California used to be like under Governor Reagan ?

    This is What Democrat control has done.

      Aug 22, 2019 22:50 AM

      The Dems……….have become the contributors to the Shadow Govt……..everyone of the leaders ……is on the TAKE……..Pelosi, Schiff, Cummings, Waters, Carson(Julia’s grandson)
      the list is so long, …..Just really a joke at this point.

    Aug 21, 2019 21:57 PM

    Facebook Rolls Out Tool To Block Off-Facebook Data Gathering
    Barbara Ortutay

    SAN FRANCISCO (AP) — Soon, you could get fewer familiar ads following you around the internet — or at least on Facebook.
    Facebook is launching a long-promised tool that lets you limit what the social network can gather about you on outside websites and apps.
    The company said Tuesday that it is adding a section where you can see the activity that Facebook tracks outside its service via its “like” buttons and other means. You can choose to turn off the tracking; otherwise, tracking will continue the same way it has been.
    Formerly known as “clear history,” the tool will now go by the slightly clunkier moniker “off-Facebook activity.” The feature launches in South Korea, Ireland and Spain on Tuesday, consistent with Facebook’s tendency to launch features in smaller markets first. The company did not give a timeline for when it might expand it to the U.S. and other countries, only that it will be in “coming months.”
    What you do off Facebook is among the many pieces of information that Facebook uses to target ads to people. Blocking the tracking could mean fewer ads that seem familiar — for example, for a pair of shoes you decided not to buy, or a nonprofit you donated money to. But it won’t change the actual number of ads you’ll see on Facebook. Nor will it change how your actions on Facebook are used to show you ads.

    NOTE :
    Even if you turn off tracking, Facebook will still gather data on your off-Facebook activities. It will simply disconnect those activities from your Facebook profile. Facebook says businesses won’t know you clicked on their ad — but they’ll know that someone did. So Facebook can still tell advertisers how well their ads are performing.
    NOTE. ^ ^ ^ ^

    Aug 21, 2019 21:17 PM

    Yesterday the Office of the Comptroller of the Currency, the regulator of national banks, and the FDIC, which provides the taxpayer-backstopped Federal insurance to deposits at these banks, announced that they were going to “simplify” the Volcker Rule.
    The Volcker Rule was part of the 2010 financial reform legislation known as Dodd-Frank. It outlawed deposit-taking banks from using those deposits to make wild gambles for the house, known as proprietary trading. It also required the banks to end their ownership of hedge funds and private equity funds where the banks can secretly dump losing positions or hide enormous losses in hard to price instruments.
    Wall Street hated the Volcker Rule so much that it made sure the rule never came into being. It has stonewalled the implementation of the rule for nine years and one month. Now the rule has been stripped of all of its meaningful components.
    This gutting of the Volcker Rule has occurred in the dog days of summer as families are busy getting kids ready to return to school. Five years ago, as families were busy preparing for the Christmas holidays, Citigroup’s lobbyists pushed through the repeal of the second most important aspect of Dodd-Frank. It was called the “push-out” rule which would have forced banks to move their tens of trillions of dollars in derivatives out of the Federally-insured bank unit into another unit that could be placed into bankruptcy or wound-down in the event of insolvency.
    By keeping these dangerous derivatives in the Federally-insured bank, Wall Street effectively guaranteed itself another bailout if it blew up the U.S. economy again.

    This is a clear victory for lobbyists, while Trump was pre-occupied by attacks from Democrats.
    I hope he wakes up and fires some of the regulators, if he has the power.

    Aug 22, 2019 22:03 AM
      Aug 22, 2019 22:06 AM

      Sheeple will get it , when Wally Mart…….lays off the door keeper….. 🙂
      And the RV guys, have to stop putting in the granite counter tops in the travel trailers.
      And of course the Dems are going to ride the bus, to the hello kitty convention…. 🙂

        Aug 22, 2019 22:08 AM

        Think positive………………gold going up……..

    Aug 22, 2019 22:34 AM
    THIS IS HUGE>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

      Aug 22, 2019 22:35 AM

      FOLLOW THE DOTs ……….of YOUR ELECTED OFFICIAL………SHeeple alert….. 🙂