The saga continued yesterday, with another great segment of Truth or Skepticism! Dylan Ratigan and Tom Sosnoff talked finance, but also branched out to discuss issues with Chicago debt, as well as what new graduates should be doing in a market like this. Check out the preview below:

Market Complacency

We are on the complete opposite end of the spectrum of the fiscal cliff of 2011; where we had any kind of fear & any kind of volatility.
— Tom Sosnoff

Tom & Dylan discuss how market complacency has pushed our market to new highs. Volume is low, and automated deposits into retirement funds push the market higher and higher. Tom is worried and fears for individuals’ positions in the market.

There has been a massive orchestrated disconnect of asset prices from fundamentals.
— Dylan Ratigan

What’s the value with active investing and financial literacy?

I think people are genuinely curious and LIKE to be challenged.
— Tom Sosnoff

Dylan wants to know why Tom is so passionate about bringing financial knowledge to the people. Tom believes financial literacy translates to all facets of life, and thinks there is an underlying issue with blindly putting money in a fund. What is the real value in active investing vs. passive investing?

Press the brain to learn and create a challenge and a reward which is part of the basic human wiring, if nothing else.
— Dylan Ratigan

What's wrong with Chicago?

The borrowings of one of the most substantial urban centers on the planet earth seems to be quite at risk.
— Dylan Ratigan

The guys discuss the economic issue that is Chicago’s massive debt. How can such a big city be so far off from financial stability? Tom & Dylan dig into the issues, which they believe start at the very foundation of policy and decision making.

In the best of markets with the lowest interest rates and highest equity prices, there’s a shortfall.
— Tom Sosnoff

Where do college graduates go from here?

Take some risk and take it now.
— Tom Sosnoff

Tom & Dylan discuss how graduating in a recession may or may not affect future career progress. Tom believes that it does not matter whether a graduate was well off or not... the cream of the crop will always rise to the top. They both agree that in order to be successful you need to understand risk, so take some while you’re young and have few obligations.

Don’t start playing defense at 22 and start planning for retirement.
— Dylan Ratigan

Remember, this is only a snippet of the entire segment; be sure to watch the whole thing below!

To see earlier episodes of Truth or Skepticism with Dylan Ratigan, you can check them out here on the tastytrade archives!