Ferenc discussed the Federal Reserve's recent interest rate cut despite high asset prices, debt, and inflation. He highlighted the dual mandate's counteractive nature and the political influence on rates. Ferenc noted the AI euphoria, with the S&P 500's top seven tech companies accounting for 35% of its market cap. He emphasized the fragility of CPI data, with about a third of the calculations based on estimates. Ferenc shared that current consumer spending is relying on the top 20% of Americans. He also discussed the impact of rising home prices, mortgage costs, and the potential for a recession. He advocated for fixed assets and annuities to mitigate risks.

<p>Ferenc discussed the Federal Reserve's recent interest rate cut despite high asset prices, debt, and inflation. He highlighted the dual mandate's counteractive nature and the political influence on rates. Ferenc noted the AI euphoria, with the S&P 500's top seven tech companies accounting for 35% of its market cap. He emphasized the fragility of CPI data, with about a third of the calculations based on estimates. Ferenc shared that current consumer spending is relying on the top 20% of Americans. He also discussed the impact of rising home prices, mortgage costs, and the potential for a recession. He advocated for fixed assets and annuities to mitigate risks.</p>

If you want to live like the wealthy, you need to think like the wealthy.  Join Ferenc Toth each week for the Your Personal Bank™ Show, Saturdays at 10:00AM. Your Personal Bank™ is a powerful financial tool typically only shared with the ultra-wealthy by the financial industry.  Learn how to gain control of your money . . . create tax-favored income . . . and access more funds over your lifetime.  It’s the Your Personal Bank™ Show . . . the show that can change your financial life. Call 866-268-4422 for more information.

<p>If you want to live like the wealthy, you need to think like the wealthy.  Join Ferenc Toth each week for the Your Personal Bank™ Show, Saturdays at 10:00AM. Your Personal Bank™ is a powerful financial tool typically only shared with the ultra-wealthy by the financial industry.  Learn how to gain control of your money . . . create tax-favored income . . . and access more funds over your lifetime.  It’s the Your Personal Bank™ Show . . . the show that can change your financial life. Call 866-268-4422 for more information.</p>

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