#52: Trump's Latest Trade War and the Fed's Mid Cycle Adjustment Affect on the Market w/Jeff Badu Owner of Badu Tax Services and Comedian Sam Prickett

What's up y'all Episode #52. We had Jeff Badu on- a millionaire by the age of 25! WHAT? Make sure you catch our Wednesday episode when we drop our interview with Jeff. He was here the whole time to give us his hot takes, his questions and his answers on what's going on in the markets. We also had Sam Prickett, make sure you check out @smugprickett on Instagram.  And I got a show coming up- here's a little plug. Thursday at the Comedy Clubhouse, August 9th at 10pm. I do some stand up there. So come out and check me out.  This episode was great. We talked about stocks. Why are they down the last five sessions? The Fed cut rates this week- isn't that supposed to be good for stocks? Well, we'll talk all about why the Fed cutting rates didn't work out the way everyone wanted it to. Also, trade problems. Trump announced a 10% tax on 300 billion Chinese goods. Those are consumer goods. Let the games begin. We're about to start feeling this shit a lot more. This war keeps getting worse. And then we answer some audience questions about stocks and taxes. We talked about buying gold and we talked about our thirst for technology versus our privacy getting invaded and monetized. Sit back, relax, and enjoy the episode. Peace. SHOWNOTES 03:00- Introducing Jeff Badu (http://www.jeffbadu.com/) and why you should always carry receipts 06:20- From gang member to millionaire by age 25- an intro to Jeff's tax services and strategy (http://www.badutaxservices.com/) 10:20- Interest rates are cut but stocks are going down 15:30- FED Prez, Jerome Powell, calls rate cuts "A MID CYCLE ADJUSTMENT" 17:20- Trade war kicks up again, this time the civilian consumer is going to get hit in the crossfire 23:00- USA is borrowing a trillion dollars to fund the government 26:50- Why does Congress dislike social media platforms? 29:10- The only thing Democrats agree upon 31:30- Jeff on investing in the stock market 32:55- Audience Q: What are the tax implications of selling stocks you bought in the same year? 36:00- Audience Q: Should we buy gold in anticipation of a recession? 39:00- Audience Q: How do we balance our thirst for new tech with our fear for our privacy and of getting monetized? 43:00-  Who is "Homie the Clown"?   Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah