Paul begins the hour talking about “robo-portfolios.” Most of the hour is about how people make financial decisions and how money does not lead to happiness. Paul ends the hour by discussing a Wall Street Journal article about how GDP may be understated by excluding illegal activity. This is hour 1/3 recorded on December 7, 2019. For more, see www.paulwinkler.com.
The Media Is Telling Us That the Market Had a Rough Month, but Did It?
The DOW dropped 500 points in April. This also happened in 1987. The difference is that in 1987, this was a 22.6%