It’s All About Money with Bill Tatro
By Daniel at 25 July, 2009, 7:12 pm
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If you listen to the “Its All About Money” with Bill Tatro, podcast on your computer or MP3 player you will hear an interesting segment on this crisis.
In the past, since WWII, all recessions have been inventory driven. This is the first recession since the great depression that is a credit driven recession (or depression).
http://www.kfnn.com/podcast.asp?cat=
It is the 7-24-2009 broadcast.
While I disagree with Bill on what would create an inflation problem and take us from deflation to that, whether this year or in a few years, he is really one of the better people on the airwaves when it comes to examining what we are going through and what to expect.
He really tears the “better than expected” reports apart. Continuing to lay off people to get a better than expected report or changing accounting practices or one time events is not indicating a recovery.
He also states he is shorting Wells Fargo as it is the bank with the most exposure to home equity loans that are in 2nd place on homes in trouble.
JanPaul
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I agree with almost everything you talk about, however i am having trouble believing that most of these people are smart enough to go through the process to purchase a home under the Obama plan just to live rent free for a while. Or am I nieve?
I need to make an appointment to talk to your team to move my money….you are the man!
don
In the past 2 weeks I have e-mailed you 2 articles related to your theory that the stock market is headed for a precipitous drop in this year. One of those articles from the WSJ reported on the multi billion $ profit emassed by a hedge fund since the market reached its low of 6500. This despite your ongoing rationale for the impending market disaster.
The 2nd article quoted 2 notable market experts…El-Erian of Pimco who partially agrees with you, and the other, Sam Stovall the S&P’s chief investment strategist who cites historical precedent which documents that all but one of the previous bull markets since 1932 (you like history) survived into a second year.
Time permitting, I would like to hear your rebuttal of Mr. Stovall, and why Mr. El-Erian is the better market theorist.