(5/8/23) Our obligatory Mother's Day alert; no recent bank fail (yay); Employment report beat estimates for 13th straight month; market rallies 2% on Friday, but ends with a down week; markets moving sideways despite higher interest rates, bank failures, and weakening economy (or is it?); the two types of default, and why no one is going to repossess the US. Janet Yellen is wrong about the Debt Ceiling; what happens if the Debt Ceiling is not raised. The opportunity to buy long-dated securities. Why is Warren Buffett so gloomy? Estimates for earnings are pessimistic; Charlie Munger says get ready to make less money on investments. Meanwhile, markets continue to function. Which jobs will be replaced by AI? What will the global impact of AI? ("Don't Worry About It" is a bad analysis.) SEG-1: Employment Reports Beat Expectations for 13th Straight Month SEG-2: Why Janet Yellen is Wrong About the Debt Ceiling SEG-3: Why The US Government Will Not Default on Debt SEG-4: Which Jobs Will Be Displaced by Artificial Intelligence? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=bpMadT3SqH8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=8s -------- The latest installment of our new feature, Before the Bell | "Who Should You Believe: Data or Markets?" is here:  https://www.youtube.com/watch?v=6JOR-JZCRsk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  --------  Here are articles mentioned in today's show: "Are We Already in Recession?" https://realinvestmentadvice.com/conviction-or-how-to-lose-a-lot-of-money-in-investing/ ------- Our previous show is here: "Why Affordable Healthcare is an Oxymoron" https://www.youtube.com/watch?v=h4ANpW32l0U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #DebtCeiling #JanetYellen #EmploymentReport #GovernmentDebt #WarrenBuffett #Markets #Money #Investing