TDI Podcast: Google Flies, IBM Dies and Wall Street Watchdog Chris Markowski (#335)
October 20, 2013 9:01 pm
Our guest Christopher Markowski (Watchdog on Wall Street) has great energy and has some definite opinions on the FED’s monetary policy. We have a good time talking about that as well as markets and economics. In this episode we also talk about the KRI Indicator levels, VIX index as well as several earnings reports. Google, IBM, Chipotle Mexican Grill and others are important indicators for the strength of the economy.
JP Morgan’s $13 billion hit will surely make some of the other banks cringe – but how will markets react? Listener feedback and the Republican’s political suicide attempt (and success) are also topics of discussion.
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Christopher Markowski has carried the titles of author, investment banker, equity analyst, muckraker, all around trouble-maker, and most importantly consumer advocate. He is the founder of the financial planning firm Markowski Investments, an institution that provides the highest level of financial planning to all people regardless of their net-worth. Christopher is the antithesis of what Wall Street has become; he believes that financial planning is a profession, not a vehicle for selling as many ridiculous financial products as possible. His clear-cut, honest approach is in complete contrast with the fabrication and deception that individual investors are exposed to every day.
Christopher’s history on Wall Street reads like a novel with suspense, intrigue, and corruption at the highest levels. Chris started his career by taking a job at an up-and-coming investment firm. Within two years, under his guidance, his initiatives helped increase sales by 1,500% and made the firm #2 on “INC Magazine’s” fastest growing privately held companies list. However, while working and spending significant time in the same water as some of Wall Street’s most notorious “sharks”, Christopher discovered how corrupt Wall Street could be.
The fact that so many executives with fancy college degrees and glowing resumes had the capacity, with no remorse, to scam their customers and the public at large, was mind-boggling. The “respected” firm that he helped build was nothing more than an opportunity for insiders to get rich and investors to lose their shirts. Instead of accepting the culture of gluttony and deceit like many others on Wall Street, Christopher went on to blow the cover off the charade, exposing the countless instances of lies, greed and manipulation. Christopher exposed the villains and facilitated in bringing down the very firm that he helped build, sacrificing millions for honesty and integrity.
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