328: The Altucher Report, COVID-19 Population Migration, Talking Stocks
b'
James Altucher joins Jason to share his viewpoints on the economy, stocks, and more specifically the stimulus. As well, listen to the seriousness of this pandemic from a New Yorker\\u2019s perspective, and what it\\u2019s like managing life in the most challenging U.S. coronavirus area.\\xa0
James also discusses his moves in the stock market, and why he favors certain positions. As well, this pandemic will accelerate our development with technology and how we perceive colleges vs certificates.\\xa0\\xa0
Key Takeaways:
Guest: James Altucher
[2:30] The New York and New Jersey Coronavirus perspective vs the rest of the nation.
[5:30] \\u201cThe earlier models were wrong\\u201d
[10:10] \\u201cAs long as you keep seeing insanity happen, those are all canaries in the coal mine.\\u201d -Altucher
[11:00] We know that the economy is going to wake up, we just don\\u2019t know when and how.
[12:40] Understanding why we should prep for supply shock.
[14:15] The GDP of a year is about 20 trillion dollars, 5 trillion per quarter. There is an expectation that 2 to 3 trillion will be withdrawn from the economy this quarter.\\xa0
[18:30] Is this stimulus enough, are the right people getting it?
[20:10] We, the proverbial We, all live better now than the richest people of the past.\\xa0
[28:39] Don\\u2019t buy SPY \\u201cthe spider\\u201d, go with RVT instead. Royce Value Trust Inc
[29:20] Anything that was going to happen in ten years, will happen tomorrow
[31:00] Altucher shares his preferences on stocks based on some forced trends bound to happen in the next ten years.
[35:45] Florida has \\u201cluxury weather.\\u201d
[39:30] 40 alternatives to college, with James Altucher.\\xa0
Websites:
1-800-HARTMAN
Jason Hartman University Membership
'