Ted Oakley, Managing Partner and Founder of Oxbow Advisors, joins Julia La Roche on episode 191 to discuss the economy and markets.

With more than forty years of experience in advising high-net-worth clients in the investment industry, Oakley implements the firm’s proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective.

He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality. Oakley’s primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.

https://oxbowadvisors.com/

00:00 Introduction and welcome Ted Oakley

1:31 Macro picture, a slow disintegration

3:06 Federal Reserve

5:30 State of the Middle Class

7:00 A September rate cut?

08:32 Conversations with clients about the economy

11:31 The average person's exposure to stocks is too high, building balanced portfolios

15:30 Similarities/differences between 2000 and today

17:40 The evolution of the market and rise of passive investing

19:30 Cash position

21:20 10-Year Treasury

23:48 Opportunities — cutting back on tech stocks, investing in pharmaceuticals

25:20 Gold

27:20 When to sell your winners

31:25 Staying rich with a balanced portfolio

33:50 Second, third generation wealth

39:40 Best and worst years personally

Brian Wesbury, Chief Economist at First Trust Advisors LP, joins Julia La Roche episode 190 to discuss the macro picture and why the economy is likely headed toward recession. He also thinks this overvalued stock market could see a 15-20% correction.

Links:

website: https://www.ftportfolios.com/

blog: https://www.ftportfolios.com/retail/blogs/Economics/index.aspx

X: https://x.com/wesbury

0:00 Welcome Brian Wesbury

1:09 Macro view

3:30 Why we're going to have a recession

4:25 Health of the economy

8:15 Savings rate

10:45 Bifurcated economy

12:30 Housing

15:45 Federal Reserve have separated the money supply from interest rates

19:60 Burns or Volcker

21:20 Cut because of politics

25:20 Debt situation

30:40 Bitcoin

33:44 State-run capitalism

37:00 Markets

40:00 Energy

42:50 Presidential election

47:20 Parting thoughts

Investor and speculator Rick Rule, president and CEO of Rule Investment Media and co-founder of Battle Bank, returns to the show for episode 189, featuring a discussion on the macro environment, warning signs, and investment opportunities.

Link to Rick's private placements bootcamp: https://events.ringcentral.com/events/rick-rule-s-virtual-private-placement-bootcamp?utm_source=aff&utm_campaign=14

00:00 Introduction and welcome back Rick Rule

01:30 Macro picture, wake-up call and lessons from the Japanese carry trade unwind

3:53 Be prepared for these contingencies

05:50 Two risks, one opportunity

09:50 Entitlements

12:15 Opportunity in gold

15:20 Taxes and inflation

19:39 The Federal Reserve and interest rates

23:19 Manipulation of interest rates

30:10 Bond market

35:05 Upcoming election

40:58 Parting thoughts