The Asset Allocator: Debt And The Stock Market

Published: Nov. 19, 2019, 10 a.m.

MarketWatch’s Mark Hulbert and Seeking Alpha contributor Jeff Miller discuss whether America’s drowning in debt will sink the stock market. This podcast (6:18) argues that while markets don’t rise or fall on debt considerations in the short-term, in the long-term high debt corrodes our self-control and diminishes our ability to make midcourse corrections. I also point out that the indebtedness process is precisely the opposite of the process financial advisors employ to build their clients’ wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices