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Podcast: Wealth Formula Podcast
Episode: 460: News of the Week 09/11/24
Description: Buck and Zulfe discuss the concept of sovereign wealth funds and their purpose, particularly in countries heavily reliant on a single source of revenue, such as oil. They also explore the idea of the United States establishing its own sovereign wealth fund and the potential challenges and drawbacks associated with it. The conversation touches on inflation, globalization, the role of the private sector in investment, and the government's use of tax incentives to drive investment. Buck and Zulfe also talk about the recent decline in the stock market, the softening job market, the upcoming Federal Reserve meeting and the possibility...