SubscribeTDI Episode 60: China is a Giant Pac-Man!
June 7, 2008
Guest: Michael “Mish” Shedlock opens our eyes to the real economic issues that are causing such problems.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance, low volatility, regardless of market direction. They provide wealth management for investors seeking strong performance with low volatility. Mish’s blog provides global economics commentary 7-10 times a week. He is also a “professor” on Minyanville.
Make it a habit to visit his Minyanville Profile. Mish also does weekly live radio on KFNX the Charles Goyette show every Wednesday. When not writing about stocks or the economy he spends a great deal of time on photography. He has over 80 magazine and book cover credits. Check out these amazing pictures, you will love them!
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The jobs report is bogus and the CPI is completely wrong. Most of the numbers are biased because we are entering into an election. Mish shares his thoughts on the real underlying economy and why the seasonal adjustments are causing us to see reported numbers that are better than is actually the case.
Free book offer… Go to iTunes by clicking HERE and buy the audiobook, leave a review on iTunes and we will send you the paperback version as a thank you… Just send request to info@thedisciplinedinvestor.com.
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Click Here for a list of SHORT ETFs that can be used as a hedge for your portfolio.
Stocks mentioned: Greif Inc. (GEF), Apple Inc. (AAPL), Research in Motion Limited (RIMM), Google Inc. (GOOG)
The ZachZone Stocks: Clearwire Corporation (CLWR), New Oriental Education & Tech. Group Inc (EDU)
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** Indications of Interest for The Disciplined Investor Managed Growth Fund are still being accepted for the next two weeks. CLICK HERE TO FIND OUT MORE **
TDI Episode 58: Sign of the Times with Andrew+Andrew
May 26, 2008
Special Guest: Andrew Ross Sorkin: Editor, NY Times Dealbook. We discuss the interesting and the not so interesting deals that may be happening and those that may not.
Andrew Ross Sorkin is The New York Times’s chief mergers and acquisitions reporter and a columnist. Mr. Sorkin, a leading voice about Wall Street and corporate America, is also the editor of DealBook (nytimes.com/dealbook), an online daily financial report he started in 2001. In addition, Mr. Sorkin is an assistant editor of business and finance news, helping guide and shape the paper’s coverage.
Mr. Sorkin, who has appeared on NBC’s “Today” show and on “Charlie Rose” on PBS, is a frequent guest host of CNBC’s “Squawk Box.” He won a Gerald Loeb Award, the highest honor in business journalism, in 2004 for breaking news. He also won a Society of American Business Editors and Writers Award for breaking news in 2005 and again in 2006. In 2007, the World Economic Forum named him a Young Global Leader.
Mr. Sorkin began writing for The Times in 1995 under unusual circumstances: he hadn’t yet graduated from high school. Mr. Sorkin lives in Manhattan.
Andrew+Andrew discuss Microsoft (MSFT) and Yahoo! (YHOO) as well as Amazon (AMZN), the airlines (JBLU) and everything that is on top of the merger and deal discussions of the past several weeks.
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Stocks from The ZachZone: Genco Shipping & Trading Limited (GNK), TBS International Limited (TBSI) , Hughes Communications Inc. (HUGH), Safe Bulkers Inc. (SB)
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If you are looking for the Indications of Interest Survey, click here.
Also, Andrew’s audiobook is finally out and you can download directly from audible.com or iTunes.
Looking for the BESPy Awards? Click Here
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WSJ on Credit Card Lenders - Looming Danger
May 20, 2008
It seems that the pot is finally starting to simmer and there is an awakening to the problem that seems so obvious. The WSJ did a good job at looking at both sides of the argument by seems to lean towards the reality of an economy that is standing up to the slowdown on borrowed time and borrowed money.
Heard on the Street - WSJ.com
Since the credit crisis began, investors have expected rising charge-offs — the term given for losses caused by defaults — at credit-card companies. Two big negatives were identified: Job losses and, for many borrowers, a sharply reduced ability to use home-equity loans to pay off more expensive card balances.
Credit did deteriorate. Moody’s Investors Service reports that, for the card lenders it tracks, the annualized charge-off rate — which measures defaults as a percentage of loans outstanding — rose to 6.05% in March from 4.64% a year earlier. The charge-off rate peaked at just over 7% during the 1991 and 2001 recessions, according to Moody’s.
The punchline and final words of Read more
Dilution, Infusion and Collusion - Push em’ Higher!
May 2, 2008
I agree. I have been too bearish into the recent rally. I have been concerned about the trivial write-offs and more concerned about the side deals that are designed to ensure companies live on, even though they may continue to bleed hemorrhage.
So what if Bank of America (BAC) is re-evaluating the “promise” to back to Countrywide Financial (CFC) debt? Push the shares higher I say as it is a clear sign that Countrywide has a greater chance to back out of the deal and the share price cap is now removed. Don’t worry that they may actually have a tough time with Read more
TDI Episode 52: Supercapitalism
April 14, 2008
Guest: Robert B. Reich, Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. We discuss the economy, politics and his latest book, Supercapitalism.
Professor Reich has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written eleven books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism.
His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Professor Reich is co-founding editor of The American Prospect magazine. His weekly commentaries on public radio’s “Marketplace” are heard by nearly five million people. (Subscribe to Robert Reich Commentaries in iTunes)
In 2003, Reich was awarded the prestigious Vaclev Havel Foundation Prize, by the former Czech president, for his pioneering work in economic and social thought. In 2005, his play, Public Exposure, broke box office records at its world premiere on Cape Cod.
We discuss:
- Supercapitalism - The Transformation of Business, Democracy and Everyday Life.
- People are taught all along that “the big guys” bend the rules to get wealthy…Why not them…?
- Harry Dent theory 2009 - What is the chance that we are entering a long term recession? Depression?
- WHERE IS THE NEXT PROBLEM?
- Via Barry Ritholtz: “Who should Obama replace Bernanke with?”
- The worldwide food shortage, how can we protect ourselves (fill them bunkers!)
- Seems to be a transparency problem today … people scratching their heads about what is going on.
- Unions..? Any good any more? Do they serve any purpose?
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The ZachZone focuses on: Chipotle Mexican Grill Inc. (CMG), Digital Domain (DTWO), American Water Works Co. (AWK), and Intrepid Potash (IPI)
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Stocks Discussed in this episode: Capital One Financial (COF), Washington Mutual Inc (WM), Wachovia Inc (WB), Bear Stearn (BSC)
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