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Podcast: The Financial Exchange Show
Episode: Oil Shock, Recession Odds & Life Estate Pitfalls
Description: Markets are rallyingâbut energy markets remain under serious strain as conflict in the Middle East continues to disrupt global oil supply.Chuck and Paul break down:The real impact of a partially closed Strait of HormuzWhy oil prices are swingingâand what it means for inflationWall Streetâs rising ârecession oddsâ (and why those predictions may not be worth much)Early price pressure showing up in key industriesPlus, in Ask Todd, Todd Lutsky explains the critical differences between life estates and irrevocable Medicaid trusts, the tax consequences of gifting property, and how to avoid costly estate planning m...