Radio Free Wall Street 8/13/2008

Lee Adler, Russ Winter, and Aaron Krowne analyze the impact of key financial events on the financial markets and economy, tell what to look for in the weeks and months ahead, and discuss strategies for the short, intermediate and long term? Not a subscriber? Click here for a free extended preview of this podcast.

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5 comments for “Radio Free Wall Street 8/13/2008

  1. DefBear
    August 13, 2008 at 5:38 pm

    Russia bought bonds ???

    More than likely, they bought gold and oil and got clobbered doing it.

  2. sullymandias
    August 14, 2008 at 9:41 am

    Excellent podcast as always, thanks! I’ve had a question on my mind for a couple weeks now. When talking about residential real estate markets you mostly focus on the problem markets – California, Arizona, Nevada, Florida. (I guess you touched on Virginia and NYC as well this time.) I would love to hear all your thoughts on the other real estate markets that have help up better – what is going on now, and where you think they are headed. I am in the Boston area and it seems to me that the market hasn’t come down much at all, and inventory is tight as well. Where are all the foreclosed properties flooding the market? Are the banks stalling on putting REOs back on the market? Are there fewer foreclosures here because the Boston job market is still healthy?

    Thanks again for a wonderful podcast and keep up the great work.

  3. Kevin Sherry
    August 14, 2008 at 12:38 pm

    Russ. I refer you to stratfor.com for geopolitical perspective on the U.S./Iran issue.
    Keep in mind they import oil products and have not benefited significantly from high oil prices at all as most of it is spent on imports.
    Also, most of our oil imports are not from the middle east. Canada, venezuela, mexico, and nigeria typically top the list of importers, although the saudi’s have finally worked their way up there in recent months. Our oil interests in the middle east are more about preventing other major powers from controlling access to them than exploiting them for import. And the giant contracts that are handed out to u.s. firms i’m sure play a role too.

  4. Kevin Sherry
    August 14, 2008 at 1:01 pm

    i think you are spot on with china…evidence has been building for some time that they could crash and burn. Much of their manufacturing industry are operating on slim to none profit margins. Any further appreciation of the yuan or raise in petrol prices will lead to massive unemployment and social unrest. Hence their recent rhetoric about focusing more on growth than inflation…their screwed.
    1.3 trillion in currency reserves, but 715 billion in nonperforming loan on the major banks balance sheets that will have to be written off eventually.
    the China miracle is based on the same economic model that created the asian tigers and caused the inevitable crisis in the 90’s. Maybe Aaron is right and things pick up after the olympics, but it wont last for too long.

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