ORLYEP0162A - Follow The Money, Economic Pulse Check, UBI, Taxes, and Military Pensions
Welcome to ORLYRADIO #162A recorded Friday, August 18th, 2017 - where we dismantle the current events for your edutainment through mostly rational conversations that make you go ‘Oh Really’! I’m your host Andy Cowen with my usual suspects, Daniel Atherton and Stephen Griffith.
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Donald Davis
Melissa G.
Henry
Daniel Duncan (Problem Addict Podcast)
Global Economic Pulse:
http://money.cnn.com/data/markets/
Follow The Markets, August Friday Closing changes week to week.
Week 1-8/04/17: Dow closed at 22,092.81 UP 262.5
Nasdaq closed at 6,351.56 DOWN 23.12
S&P closed at 2,476.83 UP 4.73
Week 2-8/11/17: Dow closed at 21,858.32 DOWN 234.49
Nasdaq closed at 6,256.56 DOWN 95
S&P closed at 2,441.32 DOWN 35.51
Week 3-8/18/17: Dow closed at 21,674.51 DOWN 183.81
Nasdaq closed at 6,216.53 DOWN 40.03
S&P closed at 2,425.55 DOWN 15.77
Compared to last month
7/28/17: Dow closed at 21,830.31
Nasdaq closed at 6,374.68
S&P closed at 2,472.10
International Monetary Fund (IMF) XDR/SDR Basket Currencies
Five most-traded currencies in the foreign exchange market referenced against the US Dollar.
July
Week 4: $1 USD = €0.85 Eur = ¥6.74 CNY = ¥110.63 JPY = 0.76 GBP = 0.00036 Bitcoin
August:
Week 1: $1 USD = €0.85 Eur = ¥6.73 CNY = ¥110.69 JPY = 0.77 GBP = 0.00035 Bitcoin
Week 2: $1 USD = €0.85 Eur = ¥6.67 CNY = ¥109.16 JPY = 0.77 GBP = 0.00024 Bitcoin
Week 3: $1 USD = €0.85 Eur = ¥6.67 CNY = ¥109.18 JPY = 0.78 GBP = 0.00024 Bitcoin
Over a barrel = http://www.nasdaq.com/markets/crude-oil.aspx
WTI (NYMEX) Price
July:
Week 4: $49.71 USD UP $3.94 From last week, UP 5.48 from the top of the month.
August:
Week 1: $49.58 USD DOWN $0.13
Week 2: $48.78 USD DOWN $0.80
Week 3: $48.51 USD DOWN $0.27
Watch that puppy grow! http://www.usdebtclock.org/
July 28: $19,967,603,583,206
August 4: $19,969,787,407,865 Up $2,183,824,659
August 13: $19,972,583,428,675 Up $2,796,020,810
August 18: $19,974,156,039,640 UP $1,572,610,965
US Unfunded Liabilities (GAAP) $107,176,295,247,453 (about 7pm tonight)
Definition
The amount, at any given time, by which future payment obligations exceed the present value of funds available to pay them. For example, a pension plan's payment obligations, including all income, death and termination benefits owed, are compared to the plan's present investment experience, and if the total plan obligations exceed the projected plan assets at any point in time, the plan has an unfunded liability.
Used in context: “Based on revenue projections from the Social Security Administration and the fact that the very populous Baby Boomer Generation has begun to reach retirement age, the economist argued that the U.S. Social Security system would soon become an unfunded liability unless comprehensive reforms were made.”
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This work is licensed under a Creative Commons Attribution 3.0 United States License, including the music Rocket and Pamgaea created by Kevin MacLeod (www.incompetech.com)