With the economy zooming along at 4% plus growth, the natural inclination is to wonder how much longer this can continue. Andrew believes for quite a while. First, the corporate/individual tax cuts are giving a definite boost to the economy. And it's not just stock buybacks. Companies are beginning to reinvest in their core operations, which is good for everyone. Andrew believes that one of the major drivers for next year will be the modified trade deals that the President is working on now. That will lead to more jobs and more tax revenue. There's enough momentum to take the economy ahead for the foreseeable future, nay sayers and haters aside.  

Direct download: Andrew_Zatlin_05.Sep.18.mp3
Category:general -- posted at: 4:52pm EST

Millennials ages 25-34 have $42,000 in debt, and most of it isn’t from student loans

Over 44 million Americans have student loans, with the average debt hovering around $33,000. And yet that's not the No. 1 source of debt for the average older millennial.

Millennials between the ages of 25 and 34 have an average of $42,000 in debt each, according to Northwestern Mutual's 2018 Planning & Progress Study. The biggest source? Credit card debt.

Credit card balances make up a full fourth of the average older millennials owe, while student debt accounted for about 16 percent, according to Northwestern Mutual. The findings are based on a survey of over 2,000 U.S. adults, including an oversampling of more than 600 millennials.

"As you grow older, your expenses increase. The additional pressures that come onto the pocketbook only grow and your disposable income shrinks in a lot of cases, even if your salary is growing," Emily Holbrook, director of planning for Northwestern Mutual, tells CNBC Make It.

The pressure to start relying on credit cards makes a lot of sense, she says. Millennials also cope with many other financial burdens that other generations haven't had, including those high student loans, as well as self-funded retirement savings and soaring home prices, to name a few.

Across the board in America, debt is on the rise — even though most people have a strong desire to pay it off. According to Northwestern Mutual's findings, the average American has about $38,000 in debt, up $1,000 from a year ago.

Direct download: John_Grace_05.Sep.18.mp3
Category:general -- posted at: 12:52pm EST

Major US stock markets continued their upward trajectory with DJIA up 2.2%, S&P 3.1, NASDAQ 5.7% and Russell 2000 up 4.2% to record levels. Emerging markets were down again 3.0%. TSX down 1% and TSX-V defied gravity going up 2.7%. Bitcoin the always volatile digital currency after going up 21.5% last month was down 5.7%. Gold was down another 2.0% and Silver was off another 6.5% for the month. Pt down 6.2% and Pd was up 5.1%. Copper was down another 3.4%. Energy was up for the month, with WTI up 1.7% and Brent up 4.3%. Natgas canceled last month's loss, up 5.0%. Uranium was up again showing a 2.6% gain after continued producer cutbacks. Currencies saw the Greenback rise .6% and the Euro down .8% for the month. Rate on the 10 year T Bond fell back to 2.86%. Till next month!

Direct download: Mickey_Fulp_04.Sep.18.mp3
Category:general -- posted at: 10:57am EST

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