Yasser El-Shimy, a Motley Fool analyst, dives into the implications of the recent 8.5% inflation rate, discussing why investors are optimistic inflation may be peaking. He highlights troubling signals in the used car market and the trend of buying homes sight unseen. Ron Lieber, a New York Times personal finance columnist and author, shares insights on teaching kids about money through techniques like a three-jar system. He reflects on the emotional aspects of buying cars for teenagers and the importance of instilling financial values early.
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insights INSIGHT
Inflation at 40-Year High
The March CPI report revealed an 8.5% inflation rate, the highest since 1981.
Some analysts believe inflation may have peaked, causing stock market optimism despite the concerning figures.
insights INSIGHT
Rising Yields and Financing Costs
The Federal Reserve's rate hikes contribute to rising yields on long-term assets.
Higher yields translate to increased financing costs for consumers, impacting borrowing for mortgages and other loans.
insights INSIGHT
Demand Destruction
Demand destruction occurs when rising prices cause consumers to reduce spending.
Consumers are reevaluating expenses and cutting back on discretionary items like streaming services and travel.
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Raising Kids Who Are Grounded, Generous, and Smart About Money
Ron Lieber
In 'The Opposite of Spoiled', Ron Lieber provides a detailed blueprint for parents to handle various financial aspects such as the tooth fairy, allowance, chores, charity, saving, and more. The book emphasizes the importance of open conversations about money with children to help them become more patient, prudent, and less materialistic. Lieber shares practical tips, stories, and interviews from families across different income brackets, highlighting the need to encourage children to work, earn money, and develop a healthy relationship with finances. The book also addresses the impact of advertising and consumer culture on children's financial behaviors and suggests ways to instill gratitude and fiscal responsibility from an early age.
Inflation hit 8.5% in the month of March, the highest since 1981, and signs of demand destruction may be appearing in the used car market.
(0:17) Yasser El-Shimy joins Asit Sharma to discuss:
- Why investors are hoping that inflation has peaked. - Carmax’s earnings miss and the state of the used car market. - The growing trend of buying homes sight unseen.
When are you gonna get me a car? (14:55) Alison Southwick and Robert Brokamp continue their conversation with Ron Lieber, personal finance columnist for The New York Times and the author of “The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.”
Got a question about stocks? Call our voicemail: 703-254-1445
Stocks mentioned: KMX, CVNA, FTCH, ZG, RDFN
Host: Asit Sharma Guests: Yasser El-Shimy, Alison Southwick, Robert Brokamp, Ron Lieber