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podcasts: Money Matters with Wes Moss

Wes Moss, CERTIFIED FINANCIAL PLANNER™ answers questions from listeners and discusses the latest money news on this live call-in show which has been on the air since 1992. In each episode, Wes covers topics related to investing, retirement, pensions, insurance, and economics. Author of You Can Retire Sooner Than You Think, Wes is focused on helping people retire sooner and happier. For more information visit WesMoss.com.

Most Recent Episode:

A Dramatic Shift in Trade War Policy

Topics: History is very clear that presidents do not get reelected if the economy is in recession or key battleground states are feeling economic pain. Someone showed President Trump a chart for job growth in PA, WI, and MI...which has turned negative. These are all states that the president won by a narrow margin in the last election and cannot afford to lose in 2020. This episode of MM describes how the leadership team on trade in Washington has shifted dramatically over the past several weeks.
Posted: September 22, 2019

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More Episodes:

More Than 50% of S&P 500 Stocks Have Higher Dividends than 10YR US Treasury Bonds

Topics: This week’s episode of MM discusses how inflation has begun to creep higher while bond yields have remained low. Now more than 250 companies in the S&P 500 sport a dividend yield that is higher than the 10 year US treasury. Multiple caller questions relating to worries about the massive US debt, and when should investors automatically reinvest their dividends?

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A Conversation with Raphael Bostic: How the Work of the Federal Reserve Impacts our Everyday Lives

Topics: This episode of Money Matters features a fascinating interview with President and CEO of the Federal Reserve Bank of Atlanta, Raphael Bostic. Wes and Raphael discuss how the work of the Federal Reserve impacts our everyday lives, the impact of the US China trade war, tweets from President Trump directed to the Fed, insights on the direction and trajectory for wages in the Southeast, the inverted yield curve and more.

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Full Extended Interview with Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta

Topics: This fascinating interview discusses how the work of the Federal Reserve impacts our everyday lives. They also discuss the impact of the US-China trade war, tweets from President Trump directed to the Fed, insights of the direction and trajectory for wages in the Southeast, the inverted yield curve, the sustainability of low unemployment, the impact of innovation on inflation, and how to solve the affordable housing problem in America.

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Buying Stocks at Market Highs. What are investors' odds of a positive outcome?

Topics: Investors are taught to buy low and sell high. However, S&P 500 total return data since 1945 suggests that buying at market highs has produced significantly positive results. This episode of MM also discusses the shock of large numbers and what each one percentage point move equates to with a S&P 500 valued at nearly $25 trillion.

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US China Trade War Evolves into Trump vs. Communism

Topics: Trade tensions ratcheted higher this week and markets continue to fall in reaction. This episode of MM discusses how the trade war has morphed into a Cold war that puts US democracy and capitalism versus Communist China. Caller questions include “I’m 54, should I roll over my 401(k)?; and I am age 60 and heavily invested in stocks, should I get more conservative?”

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5 Warning Signs of a Looming Recession; What Does the Inverted Yield Curve Mean?

Topics: Markets reacted this week to a yield curve inversion. This episode of MM discusses potential implications from this economic warning sign and dives deeper into five other economic data points to watch out for in the US. Caller questions include “What impact will the SECURE Act have on my IRA, and what bonds are safe in this interest-rate environment?”

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A Bank in Denmark is Offering Negative Mortgage Rates. What!?

Topics: What does more than $15 trillion in negative yielding debt mean for stock and bond markets? This episode of MM also discusses the most recent US/China trade war escalation. Caller questions include “What to do with proceeds from my home sale; How should I convert my IRA to a Roth; How can I time the market in my 401(k)?”

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The Death of Equities 40th Anniversary; Why the Fed is Overrated

Topics: This episode of MM covers why the nation is obsessed with Federal Reserve and the power that the Fed is believed to have. Although the Fed is extraordinarily important their power is often overstated. This episode of MM explains what they really do. Wes also discusses the infamous Business Week article that came out August of 1979 espousing the “Death of Equities“. How wrong was this article? Caller question of the day: Dave from Buford on ramping up his last 10 years of savings and how he can retire despite only having $70,000 saved right now.

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The Story Behind Coca-Cola’s Massive Brand Universe

Topics: Two years ago only 15% of Coca-Cola‘s revenue came from its lines outside of traditional soda…Today that number is up to 25%. Coke continues to transition into a highly diversified beverage company around the globe. They sell more than 800 beverages in the US alone, including 250 low and no calorie options. Caller questions include, utilizing dividend reinvest, shifting to a Roth, when to take Social Security, and what to do after being “rightsized” in your 60s.

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News

  • They take their football seriously in Philadelphia. Even scholarly types can go overboard when their beloved Eagles lose. >> Read more trending news  During the fourth quarter of Philadelphia's 27-24 televised loss to the Detroit Lions, the Fox network handling the broadcast showed an angry Eagles fan shouting as the telecast broke for a commercial. The angry fan was identified as Eric Furda, the University of Pennsylvania's dean of admissions since 2008, according to the The Philadelphia Inquirer. The clip quickly went viral, as it resonated with other angry Eagles fans. Furda admitted he was the culprit on Twitter, but only after he posted Sunday that he was 'not sure what the refs were looking at today.' Furda took a more apologetic tone Monday morning. 'After further review of the play I will take the 15 yard penalty for unsportsmanlike conduct,' Furda tweeted. 'But I will not lose my passion for Philadelphia and Penn sports!' The Eagles, who have lost two straight games after beating Washington in their season opener, travel to Green Bay to face the Packers at Lambeau Field on Thursday night.
  • A Michigan toddler died last week after authorities said her head became stuck in a car's power window in Detroit. >> Read more trending news  According to WXYZ-TV, Kierre Allen, 2, was inside the parked 2005 Mazda 3 with her father, who had fallen asleep, last Monday when the window somehow closed on her head, authorities said. The 21-year-old man awoke to find the child caught in the window, he told police. Kierre's uncle took the pair to a nearby hospital as the father tried to revive the girl, WJBK-TV reported. Doctors said she was dead when she arrived. Police arrested the girl's father, who had outstanding traffic warrants, authorities said. He has not been charged in connection with Kierre's death, the Detroit News reported.
  • A Cobb County school nurse was arrested Thursday after administrators noticed students’ medications were missing. Lindsey Waggoner, 38, is accused of stealing more than $1,500 of medication from Barber Middle School in Acworth, according to an arrest warrant obtained Monday by AJC.com. Cobb County school police allegedly found her in possession of 209 pills, including Adderall, generic forms of Ritalin and Focalin, and Evekeo. The drugs are commonly used to treat attention deficit hyperactivity disorder, known as ADHD. Principal Tia Amlett sent a letter home to parents alerting them to the investigation and arrest of a staff member, although the employee was not named.  “We have made contact with families who were directly affected by this situation and will continue to pursue policies that ensure such behavior does not go unnoticed,” she said. It was not immediately clear if Waggoner was fired following her arrest. As of Monday morning, she was still listed on Barber’s website. Amlett said she was being dealt with “according to district policy and state laws.” Waggoner, who is from Kennesaw, is facing a single felony charge of theft by taking. She was booked into the county jail Thursday afternoon and released a few hours later on a $15,000 bond.  In other news: 
  • The 178-year-old tour company Thomas Cook has shut down, potentially stranding hundreds of thousands of travelers who booked their trips with the company stranded across the globe. Thomas Cook was known for the package tour industry, The Associated Press reported. It had four airlines and 21,000 employees in 16 countries. All of the employees have been laid off and will lose their jobs. The ripple effect of Thomas Cook's collapse is expected to be felt across all of Europe and North Africa, the AP reported.  Officials at hotels are now worried about confirmed bookings that had been made for winter. About 600,000 people had been scheduled to travel with Thomas Cook through Sunday. Some subsidiaries were trying to get local connections to get people home, the AP reported.  The British government has stepped in to get 150,000 U.K. customers back to their homes starting Monday. The government has hired charter planes to get people home free of charge, and officials expect the process to fly everyone back to the U.K. will take about two weeks, the AP reported. >> Read more trending news  There are 50,000 people stranded in Greece, up to 30,000 in Spain's Canary Islands, 21,000 in Turkey and 15,000 in Cyprus all trying to find a way home, the AP reported. Thomas Cook officials blame competition from budget airlines and travelers booking their trips themselves though the internet as to why the company struggled financially and eventually shut down, the AP reported. The uncertainty also was brought on by Brexit and the drop in the pound that made it more expensive for British travelers to afford trips abroad, the AP reported. Despite the fact they no longer are being paid for their work, some Thomas Cook employees are still reporting for their shifts to help make sure those who are stranded can return home, Metro reported. One now-former employee said on Twitter that she will be at her post to help stranded customers. Employees at a different Thomas Cook location also posted a sign on their location saying they would open Monday morning to help customers, Metro reported. 
  • A second-year Georgia Tech student was confirmed dead Sunday after a swimming accident in the Chattahoochee River. James Strock was last seen Saturday afternoon swimming in the area of the West Palisades Trail at Paces Mill Park, according to school officials. Teams searched through dusk before turning to recovery efforts Sunday morning, dean of students John M. Stein said in a letter to the Georgia Tech community. A Georgia Tech spokeswoman confirmed Strock’s death Sunday evening. It is unknown if his body was recovered from the river. Strock was pursuing an undergraduate degree in computer engineering and was interested in robotics and quantum computing, according to his LinkedIn page. He was set to graduate in 2022. According to Tech officials, Strock was from Uganda and moved to the United States at age 16. He was an active member of the campus community, attended a campus ministry and could often be found in the recreational center. Strock completed a co-op program with DataPath, a communications and computer software company, in Lawrenceville over the summer. “On behalf of Georgia Tech, we offer our deepest condolences to James’ family and friends during this difficult time,” Stein said in the letter to students, faculty and staff, which was shared on Reddit. “I have been in constant contact with his family and will continue to be there to support them.” Grief counseling is available on campus from 8 a.m. to 5 p.m. through the week at the campus Counseling Center and in the student services building. Students may also call 404-894-2575 for support after hours. — Please return to AJC.com for updates. In other news: 
  • A federal judge will hear the arguments Monday for the first time from opponents of Georgia’s new anti-abortion law as they ask him to stop the measure from going into effect. Gov. Brian Kemp in May signed one of the nation’s strictest abortion laws, outlawing the procedure in most cases once a doctor can detect fetal cardiac activity. It is scheduled to go into effect Jan. 1. The American Civil Liberties Union of Georgia has asked U.S. District Judge Steve C. Jones to stop the law from going into effect while the case makes its way through the court system. The ACLU argued in a June complaint that the law violates a woman’s constitutional right of access to abortion until about 24 weeks of pregnancy, as established in the U.S. Supreme Court ruling in Roe v. Wade. The ACLU has argued that “politicians should not be second-guessing women’s health care decisions.” In its response, the state said Georgia’s new anti-abortion law is “constitutional and justified” and asked Jones to dismiss the lawsuit challenging the measure. “Defendants deny all allegations in the complaint that killing a living unborn child constitutes ‘medical care’ or ‘health care,’” attorneys wrote. The state hired Virginia-based attorney to represent Gov. Brian Kemp, Georgia Attorney General Chris Carr, Department of Public Health Commissioner Kathleen Toomey, members of the Georgia Composite Medical Board and its executive director. ACLU is representing SisterSong Women of Color Reproductive Justice Collective, Feminist Women’s Health Center, Planned Parenthood Southeast and other abortion rights advocates and providers.