10/8/2022: Effects of the strong U.S. dollar around the world, Congress and insider trading, crypto market predictions, & who is TINA & why is she (or it) dead?
What's going on as a result of the strong U.S. dollar? And, the Treasury Department's financial stress index, insider trading on Capitol Hill and the mix of money and politics, Porsche going public, a $13 million fine for Wells Fargo, and Tina is dead. Also, the municipal bond selloff, how to lower capital gains taxes, plus Jean's weekly segment on health and wellness. I'll also talk to Matt Hougan of Bitwise Asset Management - he'll give us his short-term and long-term predictions for the crypto market.
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · Ric Edelman
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Show Notes
We've seen an incredible array of disarray in the financial markets on a global basis. The U.S. dollar is very, very strong right now, meaning the dollar is worth a lot more than other currencies around the world. That's really good news for the U.S., but it's really bad news for everybody else.
Members of Congress -- 18% of them are engaging in insider trading, according to research from The New York Times. 183 senators or representatives did a stock trade in the past three years, and more than half of them sat on committees that gave them insight into the companies whose shares they bought or sold.
In Jean's segment, she talks about the value of time and how to cherish and protect it.
Register for the October 20 webinar Ric mentions on the show
Thank you, Matt Hougan and Bitwise for the great interview this week