Episode 018: Iran's Torpedo Headed for the Stock Market, Investing in Cannabis and What the National Debt Means for You

Our 2 Cents – Episode #018One third of the worlds oil flows through the checkpoint at The Strait of Hormuz in Iran; imagine what could happen to the economy if this “black swan” event continues.On today’s episode, we look at what’s happening in Iran and how it can affect the stock market. Then we dive right into the worries and woes of a potential bear market on the horizon.After that we discuss one of our listener’s question; Rick from Mount Prospect, IL want’s to know if now is the time to invest in the Cannabis Industry.We wrap up the show by talking about the $22,393,460,288.22 debt our country is facing and what that means for you and your taxes.Fun fact; Did you know, that in 1835, one of our nations Presidents footed the bill completely eliminating our nations debt?Here’s what was covered in this episode: Will Iran Torpedo The Stock Market? Threats Multiply For The “Longest Bull Market Ever”https://www.forbes.com/sites/jeffcamarda/2019/06/19/will-iran-torpedo-the-stock-market-threats-multiply-for-the-longest-bull-market-ever/#313f51bf607f (Forbes)The Next Bear Market Is Coming: Is Your Retirement Portfolio Ready? https://www.forbes.com/sites/ericbrotman/2019/06/18/the-next-bear-market-is-coming-is-your-retirement-portfolio-ready/#71ceca557da4 (Forbes) Caller Question: Rick from Mount Prospect, IL- Is now the right time to invest in the cannabis industry? Scientists Find Ancient Humans Used Weed 2,500 Years Ago, Toohttps://www.nytimes.com/2019/06/12/health/cannabis-anicent-dead-marijuana.html The New York Times)The National Debt Is Still a Problemhttps://www.nytimes.com/2019/06/20/business/national-debt-trump.html (The New York Times) History of bear markets since 1929https://www.foxbusiness.com/markets/history-of-bear-markets-since-1929 (Fox Business) With More Storms and Rising Seas, Which U.S. Cities Should Be Saved First?https://www.nytimes.com/2019/06/19/climate/seawalls-cities-cost-climate-change.html (The New York Times) BMW Billionaire Heirs Say Their Lives Are Harder Than You Thinkhttps://www.bloomberg.com/news/articles/2019-06-20/bmw-billionaire-heirs-say-their-lives-are-harder-than-you-think (Bloomberg)