There are many open questions about whether or not the tax reform bill passed by Congress and signed by President Trump in late 2017 has benefited the economy. But there is no question that it's been a boon to the investor class.
When the most powerful executives in the world have a problem they just can't crack, many of them turn to McKinsey - a prestigious and secretive consulting firm that has been influencing business and government decisions for decades. But now, as consumers require more transparency, the company has been thrust into the spotlight.
Compounding investments is a powerful thing. Even regular investors can double their money in the market, time and time again, if they stick with their stocks over the long run. Josh Brown hits the streets to help people wrap their heads around exponential growth and real wealth building.
In this clip from Josh Brown's latest Twitter live show, Josh talks about why he's not always a fan of buying into big name IPOs on day 1. While LinkedIn, Facebook, Lyft and Uber's IPO's have all fared differently, he says one consistent trend is that IPO stocks often underperform the S&P 500 in their first year. He also talks about CEO Dara Khosrowshahi and the chances of founder Travis Kalanick being brought back in to run the company.
In this clip from the latest episode of Josh Brown's live show on Twitter, Josh talks about market volatility and how it differs from volatility in recent years. From ongoing trade tensions with China to other clouds looming on the horizon, Josh explains that sometimes it is helpful to have a little concern in the markets tempering excitement. Why? So investors don't have to endure "empire state building charts" as stocks spike and plummet everyday.
The Nobel-winning economist does see the value in digital payments systems and supports electronic use of government-backed currencies.
Nobel Prize-winning economist Joseph Stiglitz says cryptocurrencies should be shut down. But he also says he sees value in more transparent, regulated electronic payments systems and digital payments.
Joseph Stiglitz talks about Universal Basic Income, inequality, and the future of work. Stiglitz says he is "not a big UBI person". But he still "understands there are some advantages" to the idea.
Nobel Prize-winning economist Joseph Stiglitz explains his take on Universal Basic Income, automation, and the implications of technology on growing inequality. He worries that new technology may undermine the basis of the market economy. He also says that American politics has become increasingly "corrupt" and "money driven" over the last 40 years, weakening workers' rights and allowing private companies to hoard the proceeds of government-assisted innovation.
Joseph Stiglitz, a Noble Prize-winning economist and Columbia Professor, says Trump's protectionism, trouble in Europe, and potentially unstable growth in China all constitute headwinds to the global economy.