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WEALTHTRACK

Consuelo Mack

8
Followers
5
Plays
WEALTHTRACK

WEALTHTRACK

Consuelo Mack

8
Followers
5
Plays
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About Us

Consuelo Mack has a long and distinguished career in business journalism. In 2005 she struck out on her own to launch her dream program, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its sixteeth season, CONSUELO MACK WEALTHTRACK has been dubbed the “Cramer Antidote” by the press and Money Magazine named Mack “The Best Money TV Host.” WEALTHTRACK is the only program on television devoted to long-term diversified investing in all of the investments people care about. Support this podcast: https://anchor.fm/wealthtrack/support

Latest Episodes

Non-consensus Value Investing With Ariel Investments’ Rupal Bhansali

In the current market cycle dating from 2009 coming out of the great financial crisis: - Equities dominated bonds and commodities. - The U.S. trumped international. - Growth outpaced value. - And large U.S. tech companies dominated just about every sector and security. As in previous bull market periods, money flows to the best performers and flees the laggards. This record-setting U.S. bull market has also accentuated the attraction of index investing, as mutual funds and ETFs based on the S&P 500, in particular, have been among the decade’s stars. It’s been a challenging period for active managers, especially those focused on value investing and international markets. This week’s guest checks off all of those boxes but remains a fierce advocate for all three approaches. She is Rupal Bhansali, Chief Investment Officer of International and Global Equities at Ariel Investments. Bhansali shows how to apply it to the world of investing to improve one’s odds of achieving above-average returns with below-average risks. Her upside-down investment approach focuses on avoiding losers instead of picking the winners WEALTHTRACK #1633 broadcast on February 14, 2020 More info: https://wealthtrack.com/non-consensus-value-investing-with-ariel-investments-rupal-bhansali/ Book: https://amzn.to/2SqA9DK Non-Consensus Investing: Being Right When Everyone Else Is Wrong --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN4 d ago
Comments
Non-consensus Value Investing With Ariel Investments’ Rupal Bhansali

Big Idea Companies Disrupting Industries Globally - Top Growth Manager Alex Umansky Focuses on Them

When you are hot you’re hot and this week’s WEALTHTRACK guest has been on a tear since launching his Baron Global Advantage Fund in 2012. Alex Umansky is new to WEALTHTRACK but he is a seasoned investor with an outstanding track record. Prior to joining Baron, Umansky spent 18 years at Morgan Stanley where he ran global and international funds as well as the firm’s Institutional Technology Strategy and Technology Fund. Umansky has a degree in finance, information systems and mathematics from NYU’s Stern School of Business and was a computer programmer early in his career. Very few money managers have the opportunity to create a new fund, and a tiny percentage deliver the outstanding results Umansky has. We will discuss what he sees as his competitive advantage at Baron Global Advantage, as well as his views on the “big idea, disruptive companies” he defines as his specialty. WEALTHTRACK #1632 broadcast Feburary 07, 2020. More info: https://wealthtrack.com/top-growth-manag…ustries-globally/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN1 w ago
Comments
Big Idea Companies Disrupting Industries Globally - Top Growth Manager Alex Umansky Focuses on Them

A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization

Are we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029! As he notes in his report: “Market leadership always changes decade by decade, and the leadership of the past decade, which are now lauded as ‘core investments,’ seem highly unlikely to be the leadership of the next decade.” If he is correct, which he has been frequently over the years, thinking about investing for 2029 is probably a healthy exercise. Richard Bernstein is Chief Executive and Chief Investment Officer of Richard Bernstein Advisors, which he founded in 2009. It now oversees or advises over 9 billion dollars in assets, largely in multi-asset allocation strategies using ETFs for financial advisors. WEALTHTRACK #1630 broadcast on January 24, 2020 More info: https://wealthtrack.com/the-end-of-globalization-is-a-game-changer-for-market-leadership-creating-new-winners-and-losers/ Investing for December 31, 2029 – The End of Globalization http://www.rbadvisors.com/images/pdfs/RBA_Insights_Investing_for_2029_1219.pdf University of Michigan Consumer Sentiment Index https://data.sca.isr.umich.edu/ --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN3 w ago
Comments
A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization

Mega investment trends influencing markets with Great Global Investor Bill Wilby

As we enter a new decade what are some of the major changes we face as investors? For answers, we are asking a global investor known not only for his past performance but also for identifying big themes that can have an outsized influence on the financial markets. He is great investor Bill Wilby who has appeared with us exclusively since his retirement from professional money management over a decade ago. He was the Portfolio Manager of the award-winning Oppenheimer Global Fund a graduate of West Point, Wilby also has a Ph.D. in International Monetary Economics and has held various international finance and investment positions at top financial institutions including the Federal Reserve Bank of Chicago. Wilby wanted to discuss a couple of themes with us. One is the privatization of the public markets, the other theme influencing Wilby’s investment strategy is what he calls the global trade reset which we will also discuss. WEALTHTRACK #1629 broadcast on January 17, 2020. --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MINJAN 18
Comments
Mega investment trends influencing markets with Great Global Investor Bill Wilby

Get Your Financial House in Order With Personal Finance Guru Christine Benz’ Financial To-Do List!

At the beginning of every new year or at tax time when I am under the IRS deadline gun, I vow this year is going to be different and I will finally get organized and make decisions over time instead of at the last minute. For the second year in a row, we have invited one of our favorite guests who is very knowledgeable and organized to join us. She is Christine Benz, Morningstar’s personal finance guru. She writes daily personal finance columns for Morningstar, does interviews and podcasts and is the author of several books including 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide To Mutual Funds: 5-Star Strategies for Success. She has also been a WEALTHTRACK regular since the beginning. We asked her to take us through her financial to-do list for 2020. It is detailed so get out your pens, papers or smartphones and prepare to take notes when you join us. WEALTHTRACK #1628 broadcast on January 10, 2020 More info: https://wealthtrack.com/get-your-financial-house-in-order-with-personal-finance-guru-christine-benz-financial-to-do-list/ --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MINJAN 11
Comments
Get Your Financial House in Order With Personal Finance Guru Christine Benz’ Financial To-Do List!

Powerful Narratives: Stories Propelling Economies and Markets in 2020

Happy New Year and Happy New Decade! What will the 2020s bring? As J.P. Morgan famously said: “Stocks will fluctuate.” In 2019 they fluctuated mostly higher and the U.S. was still the place to be. Tech giants such as FANG’s Facebook, up 56%, Google’s parent Alphabet, up 29% and Amazon.com up 23% propelled the NASDAQ 35% higher. The S&P 500 rose nearly 27% and the Dow Jones Industrials advanced over 22%, all trading in record territory. It was pretty much a year for stocks all over the world, which is, of course, bringing the doomsayers out in droves. An excellent article on the front page of The Wall Street Journal’s Year-end Review & Outlook section is a good example. It’s titled: “Japan’s Lost 30 Years Give Pause To Those Looking at The U.S.” What are the stories propelling economies and markets in 2020 and the decade going to be? It’s a podcast conversation we had with Nobel Laureate economist Robert Shiller about how important powerful narratives driving the economy are. WEALTHTRACK #1627 published on January 03, 2020. More info at: https://wealthtrack.com/nobel-laureate-robert-shiller-explains-his-theory-of-narrative-economics-how-powerful-stories-influence-the-direction-of-the-economy/ --- Support this podcast: https://anchor.fm/wealthtrack/support

34 MINJAN 4
Comments
Powerful Narratives: Stories Propelling Economies and Markets in 2020

Easy Money, China Slowdown & Brexit Are Transforming the Global Economy & Investment Choices

Since launching WEALTHTRACK in 2005 we have asked economic legend Ed Hyman to share his new year forecast with us, which he has done pretty much exclusively since the beginning. We also invite a leading portfolio manager to join him. For the fourth year in a row, First Eagle’s Matthew McLennan is doing the honors. This week we are presenting the second of our two-part series focused on the global economic and investment outlook. In case you missed it, we tackled the 2020 prospects for the U.S. economy and markets last week which you can see on WEALTHTRACK.com or our YouTube channel. In part one of our 2020 Outlook edition, Hyman predicted, as he did accurately for 2019, that the longest economic recovery on record in the U.S. would continue. He sees no signs of recession and believes that growth will actually pick up! He also forecasts that Wall Street will continue to climb a wall of worry, which he will describe in detail. Matt McLennan is not as optimistic. One of his main concerns is the record levels of government and corporate debt in the U.S. and the problems it poses to future growth and liquidity, especially in the event of a slowdown. After the record-setting bull market run he also believes the U.S. market is expensive. He is investing very selectively in super high quality, market-dominant companies. He has a stash of cash to take advantage of sizable market declines and a significant position in gold to offset market risk. We will start our global outlook discussion this week with one of the biggest headline events of 2019 - Prime Minister Boris Johnson’s “Get Brexit Done” victory in the United Kingdom which Hyman thinks has worldwide significance. --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN2019 DEC 28
Comments
Easy Money, China Slowdown & Brexit Are Transforming the Global Economy & Investment Choices

Positive 2020 outlook for US economy says Wall Street’s #1 Economist Ed Hyman

Every year at this time we are delighted to welcome Wall Street’s long-reigning number one economist, Ed Hyman to share his outlook with us. And we always pair him with a leading portfolio manager with a global investment view. For the fourth year in a row, our choice is First Eagle’s, Matthew McLennan. In the first of this two-part series on the Outlook for 2020, our focus is on the U.S. Last year Hyman correctly forecast the now record-breaking economic recovery would continue and that a recession was several years away. We’ll find out what his view is now and get McLennan’s assessment of the U.S. markets. Ed Hyman is a Wall Street legend. Vice-Chairman of Evercore, a leading independent investment banking and advisory firm, Hyman is the Founder and Chairman of its Evercore ISI division and leads its economic research team. He has been voted Wall Street’s Number One Economist for an unprecedented 39 years in Institutional Investor’s annual survey. No one else comes even close to that record. Matthew McLennan, a noted global value manager is Head of the Global Value Team at First Eagle Investment Management where he oversees more than ninety billion dollars in assets, including several funds. His flagship First Eagle Global Fund which he inherited from legendary value investor Jean-Marie Eveillard in 2008 carries Morningstar’s Five Star and Bronze Medalist Analyst ratings and has outperformed both its World Stock Index and World Allocation category since its 1979 inception. WEALTHTRACK #1625 broadcast on December 20, 2019 More info: https://wealthtrack.com/positive-2020-outlook-for-us-economy-says-wall-streets-1-economist-ed-hyman --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN2019 DEC 21
Comments
Positive 2020 outlook for US economy says Wall Street’s #1 Economist Ed Hyman

America’s Do-It-Yourself System Is Failing Many Retirees. Answers From Two Retirement Experts

There is a retirement crisis in this country. It is becoming more apparent as 10,000 baby boomers turn 65 every day. A recent Wells Fargo survey found that more than eight in ten current retirees fund their retirement primarily with Social Security, or a pension; just 5% do so from personal savings such as an IRA or 401(k). Seven in ten retirees say they would have “no idea what they would do” without Social Security. Contrast them with younger generations who expect savings to be the top source of their funding; 45% of millennials say they must rely on IRAs or 401(k)s and only 25% expect to rely on Social Security or a pension. No matter what income group you look at savings makes a huge difference. The top 10% of savers in all income groups, from the highest to the lowest consistently held 10-20 times the retirement wealth of the bottom 10% of savers. What has caused the retirement crisis and are there policy and personal solutions to fix it? Two retirement experts will join us with some answers. Teresa Ghilarducci is a Professor of Economics at the New School for Social Research where she is Director of the Schwartz Center for Economic Policy Analysis (SCEPA) and the Retirement Equity Lab (ReLab), which researches the causes and consequences of the retirement crisis. Ghilarducci is a co-author with former WEALTHTRACK guest, Tony James of Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans. Jamie Hopkins is Director of Retirement Research at Carson Wealth, and Finance Professor of Practice at Creighton University College of Business. Hopkins a frequent WEALTHTRACK guest is an expert on retirement income and author of Rewirement: Rewiring the Way You Think About Retirement. WEALTHTRACK #1624 broadcast on December 13, 2019. More info at: https://wealthtrack.com/americas-do-it-yourself-system-is-failing-many-retirees-answers-from-two-retirement-experts/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN2019 DEC 15
Comments
America’s Do-It-Yourself System Is Failing Many Retirees. Answers From Two Retirement Experts

Slowing Economies & Record Levels of Debt Are a Dangerous Mix

Last week’s podcast with influential and outspoken economist David Rosenberg generated a tremendous amount of traffic and comment. We are running part 2 this weekend. Rosenberg had been predicting the end of both the record-breaking U.S. recovery and bull market this year. Needless-to-say it hasn’t happened, and he is the first to admit he missed this year’s impressive run in large-cap stocks as a result. However, his recommendation to own long-term Treasury bonds has paid off. Year-to-date the 30-year has delivered about a 20% return. Rosenberg who is known for seeing emerging economic patterns before most others do, sometimes a couple of years early, is sticking to his guns in forecasting that a U.S. recession is imminent and is very concerned about the damage the record-breaking load of U.S. and global debt, what he calls “the mother of all credit bubbles on steroids” will have when it occurs. What was intended as one session with us turned into two because he had so much evidence to share about global and domestic conditions and the state of the financial markets. Last week he made his case for recession. This week his focus extends to the markets and recession resilient investments. As we mentioned last week, Rosenberg is launching his own macro research and strategy firm in January, Rosenberg Research and Associates. He explains why he decided to make that long-held dream a reality in our EXTRA feature on WEALTHTRACK.com. In the meantime, he remains as Chief Economist and Strategist at Toronto based wealth management firm, Gluskin Sheff. More info at: https://wealthtrack.com/slowing-economies-record-levels-of-debt-are-a-dangerous-mix/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN2019 DEC 7
Comments
Slowing Economies & Record Levels of Debt Are a Dangerous Mix

Latest Episodes

Non-consensus Value Investing With Ariel Investments’ Rupal Bhansali

In the current market cycle dating from 2009 coming out of the great financial crisis: - Equities dominated bonds and commodities. - The U.S. trumped international. - Growth outpaced value. - And large U.S. tech companies dominated just about every sector and security. As in previous bull market periods, money flows to the best performers and flees the laggards. This record-setting U.S. bull market has also accentuated the attraction of index investing, as mutual funds and ETFs based on the S&P 500, in particular, have been among the decade’s stars. It’s been a challenging period for active managers, especially those focused on value investing and international markets. This week’s guest checks off all of those boxes but remains a fierce advocate for all three approaches. She is Rupal Bhansali, Chief Investment Officer of International and Global Equities at Ariel Investments. Bhansali shows how to apply it to the world of investing to improve one’s odds of achieving above-average returns with below-average risks. Her upside-down investment approach focuses on avoiding losers instead of picking the winners WEALTHTRACK #1633 broadcast on February 14, 2020 More info: https://wealthtrack.com/non-consensus-value-investing-with-ariel-investments-rupal-bhansali/ Book: https://amzn.to/2SqA9DK Non-Consensus Investing: Being Right When Everyone Else Is Wrong --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN4 d ago
Comments
Non-consensus Value Investing With Ariel Investments’ Rupal Bhansali

Big Idea Companies Disrupting Industries Globally - Top Growth Manager Alex Umansky Focuses on Them

When you are hot you’re hot and this week’s WEALTHTRACK guest has been on a tear since launching his Baron Global Advantage Fund in 2012. Alex Umansky is new to WEALTHTRACK but he is a seasoned investor with an outstanding track record. Prior to joining Baron, Umansky spent 18 years at Morgan Stanley where he ran global and international funds as well as the firm’s Institutional Technology Strategy and Technology Fund. Umansky has a degree in finance, information systems and mathematics from NYU’s Stern School of Business and was a computer programmer early in his career. Very few money managers have the opportunity to create a new fund, and a tiny percentage deliver the outstanding results Umansky has. We will discuss what he sees as his competitive advantage at Baron Global Advantage, as well as his views on the “big idea, disruptive companies” he defines as his specialty. WEALTHTRACK #1632 broadcast Feburary 07, 2020. More info: https://wealthtrack.com/top-growth-manag…ustries-globally/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN1 w ago
Comments
Big Idea Companies Disrupting Industries Globally - Top Growth Manager Alex Umansky Focuses on Them

A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization

Are we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029! As he notes in his report: “Market leadership always changes decade by decade, and the leadership of the past decade, which are now lauded as ‘core investments,’ seem highly unlikely to be the leadership of the next decade.” If he is correct, which he has been frequently over the years, thinking about investing for 2029 is probably a healthy exercise. Richard Bernstein is Chief Executive and Chief Investment Officer of Richard Bernstein Advisors, which he founded in 2009. It now oversees or advises over 9 billion dollars in assets, largely in multi-asset allocation strategies using ETFs for financial advisors. WEALTHTRACK #1630 broadcast on January 24, 2020 More info: https://wealthtrack.com/the-end-of-globalization-is-a-game-changer-for-market-leadership-creating-new-winners-and-losers/ Investing for December 31, 2029 – The End of Globalization http://www.rbadvisors.com/images/pdfs/RBA_Insights_Investing_for_2029_1219.pdf University of Michigan Consumer Sentiment Index https://data.sca.isr.umich.edu/ --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN3 w ago
Comments
A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization

Mega investment trends influencing markets with Great Global Investor Bill Wilby

As we enter a new decade what are some of the major changes we face as investors? For answers, we are asking a global investor known not only for his past performance but also for identifying big themes that can have an outsized influence on the financial markets. He is great investor Bill Wilby who has appeared with us exclusively since his retirement from professional money management over a decade ago. He was the Portfolio Manager of the award-winning Oppenheimer Global Fund a graduate of West Point, Wilby also has a Ph.D. in International Monetary Economics and has held various international finance and investment positions at top financial institutions including the Federal Reserve Bank of Chicago. Wilby wanted to discuss a couple of themes with us. One is the privatization of the public markets, the other theme influencing Wilby’s investment strategy is what he calls the global trade reset which we will also discuss. WEALTHTRACK #1629 broadcast on January 17, 2020. --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MINJAN 18
Comments
Mega investment trends influencing markets with Great Global Investor Bill Wilby

Get Your Financial House in Order With Personal Finance Guru Christine Benz’ Financial To-Do List!

At the beginning of every new year or at tax time when I am under the IRS deadline gun, I vow this year is going to be different and I will finally get organized and make decisions over time instead of at the last minute. For the second year in a row, we have invited one of our favorite guests who is very knowledgeable and organized to join us. She is Christine Benz, Morningstar’s personal finance guru. She writes daily personal finance columns for Morningstar, does interviews and podcasts and is the author of several books including 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide To Mutual Funds: 5-Star Strategies for Success. She has also been a WEALTHTRACK regular since the beginning. We asked her to take us through her financial to-do list for 2020. It is detailed so get out your pens, papers or smartphones and prepare to take notes when you join us. WEALTHTRACK #1628 broadcast on January 10, 2020 More info: https://wealthtrack.com/get-your-financial-house-in-order-with-personal-finance-guru-christine-benz-financial-to-do-list/ --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MINJAN 11
Comments
Get Your Financial House in Order With Personal Finance Guru Christine Benz’ Financial To-Do List!

Powerful Narratives: Stories Propelling Economies and Markets in 2020

Happy New Year and Happy New Decade! What will the 2020s bring? As J.P. Morgan famously said: “Stocks will fluctuate.” In 2019 they fluctuated mostly higher and the U.S. was still the place to be. Tech giants such as FANG’s Facebook, up 56%, Google’s parent Alphabet, up 29% and Amazon.com up 23% propelled the NASDAQ 35% higher. The S&P 500 rose nearly 27% and the Dow Jones Industrials advanced over 22%, all trading in record territory. It was pretty much a year for stocks all over the world, which is, of course, bringing the doomsayers out in droves. An excellent article on the front page of The Wall Street Journal’s Year-end Review & Outlook section is a good example. It’s titled: “Japan’s Lost 30 Years Give Pause To Those Looking at The U.S.” What are the stories propelling economies and markets in 2020 and the decade going to be? It’s a podcast conversation we had with Nobel Laureate economist Robert Shiller about how important powerful narratives driving the economy are. WEALTHTRACK #1627 published on January 03, 2020. More info at: https://wealthtrack.com/nobel-laureate-robert-shiller-explains-his-theory-of-narrative-economics-how-powerful-stories-influence-the-direction-of-the-economy/ --- Support this podcast: https://anchor.fm/wealthtrack/support

34 MINJAN 4
Comments
Powerful Narratives: Stories Propelling Economies and Markets in 2020

Easy Money, China Slowdown & Brexit Are Transforming the Global Economy & Investment Choices

Since launching WEALTHTRACK in 2005 we have asked economic legend Ed Hyman to share his new year forecast with us, which he has done pretty much exclusively since the beginning. We also invite a leading portfolio manager to join him. For the fourth year in a row, First Eagle’s Matthew McLennan is doing the honors. This week we are presenting the second of our two-part series focused on the global economic and investment outlook. In case you missed it, we tackled the 2020 prospects for the U.S. economy and markets last week which you can see on WEALTHTRACK.com or our YouTube channel. In part one of our 2020 Outlook edition, Hyman predicted, as he did accurately for 2019, that the longest economic recovery on record in the U.S. would continue. He sees no signs of recession and believes that growth will actually pick up! He also forecasts that Wall Street will continue to climb a wall of worry, which he will describe in detail. Matt McLennan is not as optimistic. One of his main concerns is the record levels of government and corporate debt in the U.S. and the problems it poses to future growth and liquidity, especially in the event of a slowdown. After the record-setting bull market run he also believes the U.S. market is expensive. He is investing very selectively in super high quality, market-dominant companies. He has a stash of cash to take advantage of sizable market declines and a significant position in gold to offset market risk. We will start our global outlook discussion this week with one of the biggest headline events of 2019 - Prime Minister Boris Johnson’s “Get Brexit Done” victory in the United Kingdom which Hyman thinks has worldwide significance. --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN2019 DEC 28
Comments
Easy Money, China Slowdown & Brexit Are Transforming the Global Economy & Investment Choices

Positive 2020 outlook for US economy says Wall Street’s #1 Economist Ed Hyman

Every year at this time we are delighted to welcome Wall Street’s long-reigning number one economist, Ed Hyman to share his outlook with us. And we always pair him with a leading portfolio manager with a global investment view. For the fourth year in a row, our choice is First Eagle’s, Matthew McLennan. In the first of this two-part series on the Outlook for 2020, our focus is on the U.S. Last year Hyman correctly forecast the now record-breaking economic recovery would continue and that a recession was several years away. We’ll find out what his view is now and get McLennan’s assessment of the U.S. markets. Ed Hyman is a Wall Street legend. Vice-Chairman of Evercore, a leading independent investment banking and advisory firm, Hyman is the Founder and Chairman of its Evercore ISI division and leads its economic research team. He has been voted Wall Street’s Number One Economist for an unprecedented 39 years in Institutional Investor’s annual survey. No one else comes even close to that record. Matthew McLennan, a noted global value manager is Head of the Global Value Team at First Eagle Investment Management where he oversees more than ninety billion dollars in assets, including several funds. His flagship First Eagle Global Fund which he inherited from legendary value investor Jean-Marie Eveillard in 2008 carries Morningstar’s Five Star and Bronze Medalist Analyst ratings and has outperformed both its World Stock Index and World Allocation category since its 1979 inception. WEALTHTRACK #1625 broadcast on December 20, 2019 More info: https://wealthtrack.com/positive-2020-outlook-for-us-economy-says-wall-streets-1-economist-ed-hyman --- Support this podcast: https://anchor.fm/wealthtrack/support

26 MIN2019 DEC 21
Comments
Positive 2020 outlook for US economy says Wall Street’s #1 Economist Ed Hyman

America’s Do-It-Yourself System Is Failing Many Retirees. Answers From Two Retirement Experts

There is a retirement crisis in this country. It is becoming more apparent as 10,000 baby boomers turn 65 every day. A recent Wells Fargo survey found that more than eight in ten current retirees fund their retirement primarily with Social Security, or a pension; just 5% do so from personal savings such as an IRA or 401(k). Seven in ten retirees say they would have “no idea what they would do” without Social Security. Contrast them with younger generations who expect savings to be the top source of their funding; 45% of millennials say they must rely on IRAs or 401(k)s and only 25% expect to rely on Social Security or a pension. No matter what income group you look at savings makes a huge difference. The top 10% of savers in all income groups, from the highest to the lowest consistently held 10-20 times the retirement wealth of the bottom 10% of savers. What has caused the retirement crisis and are there policy and personal solutions to fix it? Two retirement experts will join us with some answers. Teresa Ghilarducci is a Professor of Economics at the New School for Social Research where she is Director of the Schwartz Center for Economic Policy Analysis (SCEPA) and the Retirement Equity Lab (ReLab), which researches the causes and consequences of the retirement crisis. Ghilarducci is a co-author with former WEALTHTRACK guest, Tony James of Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans. Jamie Hopkins is Director of Retirement Research at Carson Wealth, and Finance Professor of Practice at Creighton University College of Business. Hopkins a frequent WEALTHTRACK guest is an expert on retirement income and author of Rewirement: Rewiring the Way You Think About Retirement. WEALTHTRACK #1624 broadcast on December 13, 2019. More info at: https://wealthtrack.com/americas-do-it-yourself-system-is-failing-many-retirees-answers-from-two-retirement-experts/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN2019 DEC 15
Comments
America’s Do-It-Yourself System Is Failing Many Retirees. Answers From Two Retirement Experts

Slowing Economies & Record Levels of Debt Are a Dangerous Mix

Last week’s podcast with influential and outspoken economist David Rosenberg generated a tremendous amount of traffic and comment. We are running part 2 this weekend. Rosenberg had been predicting the end of both the record-breaking U.S. recovery and bull market this year. Needless-to-say it hasn’t happened, and he is the first to admit he missed this year’s impressive run in large-cap stocks as a result. However, his recommendation to own long-term Treasury bonds has paid off. Year-to-date the 30-year has delivered about a 20% return. Rosenberg who is known for seeing emerging economic patterns before most others do, sometimes a couple of years early, is sticking to his guns in forecasting that a U.S. recession is imminent and is very concerned about the damage the record-breaking load of U.S. and global debt, what he calls “the mother of all credit bubbles on steroids” will have when it occurs. What was intended as one session with us turned into two because he had so much evidence to share about global and domestic conditions and the state of the financial markets. Last week he made his case for recession. This week his focus extends to the markets and recession resilient investments. As we mentioned last week, Rosenberg is launching his own macro research and strategy firm in January, Rosenberg Research and Associates. He explains why he decided to make that long-held dream a reality in our EXTRA feature on WEALTHTRACK.com. In the meantime, he remains as Chief Economist and Strategist at Toronto based wealth management firm, Gluskin Sheff. More info at: https://wealthtrack.com/slowing-economies-record-levels-of-debt-are-a-dangerous-mix/ --- Support this podcast: https://anchor.fm/wealthtrack/support

25 MIN2019 DEC 7
Comments
Slowing Economies & Record Levels of Debt Are a Dangerous Mix
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