Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything. This week we look closely at what appears to be a slow decline in the market..
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I do own a number of stocks. I just let them ride. But I’d be damned if I would ever get on that roller coaster you are showing this week.
Wow another Cedar point coaster;P
Wonderful picture!!!
Nice picture indeed.
#3 I agree Alphie! The Fed does have a role in helping to regulate (oops, I mean mitigate), catastrophic emotion based free fall. That’s why the Fed steps in, that’s why the market is shut down if it has too, etc.
BTW, why did you elect Bush to let the financial meltdown (see link) to occcur? How are you explaining that error in judgement to your family?
http://americanprogress.org/issues/2004/01/b19552.html
Cedar Point.
The Roller Coast!
That picture gives me a Top Thrill!
Ok, here is the real scoop on the economy, and it’s MUCH worse than anyone could imagine.
“The Economy Is Worse Than You Think.
The policies of the Obama administration have led to the weak condition of the American economy. … final sales growth was at an annual rate of just 0.6% and the actual quarterly increase was just 0.15%—dangerously close to no rise at all. … The picture is even gloomier if we look in more detail. …
How has the Obama administration contributed to this failure to achieve a robust and sustainable recovery?
The administration’s most obvious failure was its misguided fiscal policies: the cash-for-clunkers subsidy for car buyers, the tax credit for first-time home buyers, and the $830 billion “stimulus” package. … A second cause of the continued economic weakness is the president’s emphasis on increasing tax rates. … Mr. Obama repeated his call for higher tax rates on upper-income individuals and multinational corporations. With that higher-tax cloud hanging over them, it is not surprising that individuals and businesses do not make the entrepreneurial investments and business expansions that would cause a solid recovery.
A third problem stems from the administration’s lack of an explicit plan to deal with future budget deficits and with the exploding national debt.
Finally, there is the administration’s incoherent position on the international value of the dollar.”
Martin Feldstein. Chairman of the Council of Economic Advisers, Harvard Professor, Wall Street Journal’s Board.
Yes, we are suffering through the most corrupt and inept President in our lifetimes.
And here is the link.
http://online.wsj.com/article/SB10001424052702303657404576363984173620692.html?mod=googlenews_wsj
And the news just keeps getting better!
“The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.
He called Federal Reserve Chairman Ben Bernanke a “disaster” who has “never been right about anything” since he’s been in Washington. “I hope he doesn’t come back with QE3 but that’s all he knows. The only thing he knows is to print money.
He predicted that after the Fed ends its quantitative easing program, known as QE2, this month, it may come back under another name.
They’re gonna bring it back because [Bernanke will] be terrified and Washington will be terrified,” he said. “There’s an election coming in November 2012. Washington’s gonna print more money.”
http://cnbc.com/id/43328325
Bernanke should be in jail for what he did to our economy and how he profited.
Instead, the corrupt Obama Administration gave him a promotion.
Time for change I can believe in.