1-29 Noon Biz Hour SHOW Rundown…
Posted by Noon Business Hour in Noon Business Hour on Friday, January 29, 2010 | 4 responses
12:11
Carl Riccadonna, Senior Economist and Director at Deutsch Bank joins the WBBM Noon Business Hour to discuss CPMI, Consumers, Employment Costs, and GDP data…
12:19
Chief MarketWatch Economist, Dr. Irwin Kellner discusses FED Chairman Ben Bernanke’s Senate approval for a second term…
12:31
Bob Carey, Chief Investment Officer at First Trust Advisors talks about the see-saw day on Wall Street…
12:42
Sid Parakh, Analyst at McAdams Wright Ragen discusses Microsoft’s banner quarterly earnings…
12:50
Bryan Perry, Editor and High Yield Advisor for CashMachineIncome.com is this week’s Friday afternoon stock picker…
4 Responses to “1-29 Noon Biz Hour SHOW Rundown…”
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First a comment about investing in general: IMHO, the most important thing to consider with regards to investments over the next 10 years or so is how do they fit into the big picture that includes the baby boomers wants and needs. Here’s one reason I have that opinion. Take 1944, 1945, & 1946 and add 62 years. Give some serious thought as to what has taken place since 2006, and what might the next 10 years from now bring forth. And yes, I’m one of those baby boomer people.
Next, my opinion(s) about Bernanke’s reappointment: Simply put, he should not have been. 1. As far as I’m concerned, the Fed, and hence Bernanke failed terribly in allowing a large bubble of false prosperity to occur. Nice while it lasted, not so nice now though. His competence does not seem to me to be on par with his reported education. 2. A more disappointing possibility is that the Fed is more politicized than it ought to be and that Bernanke put being a team player ahead of performing the duties he was put in place to do. His being retained makes me feel it’s just a part of a ploy to give the impression that the people in charge of the economy are not in as much disarray as they probably are.
Last; my thoughts about Microsoft: There are more than a few other companies gearing up to challenge Microsoft on a number of fronts. Unlike the past, I feel some of these have the potential to be serious contenders. I make these statements on the basis of what I’ve been reading on various ‘computer nerd’ websites.
Please note, all of the above are just personal opinions of mine.
Tony, this is an interesting debate. Some economists and analysts on the NBH have praised Bernanke as the one who saved the country from slipping into Depression. Others, like economist Anirvan Banerji, believe he was in part responsible for inflating the bubble, and then helping resolve the crisis…and not worthy of a second term. Thanks for commenting.
Hi Kris,
Nice to hear something back from you. There’s more than a few compliments about NBH I could write, but for now, let it suffice that I think it’s a great program and that you, Sherm, and those who occasionally fill in for one or the other, also do a fine job!
I’m pretty sure you’ll agree that the only important debate about Mr. Bernanke has already taken place in D.C. and resulted in him being retained. We’ll just have to wait and see what happens. If Sherm were to pose the same question to me that he asked Dr. Kellner, I wouldn’t have a name to fill in the blank of ‘if not Bernanke, then who?’ My position is that I simply feel it would be better to move on from here with someone new.
I’ll keep tuning in to NBH and commenting if I feel I have something worth contributing. Fair warning; I’m a rather pessimistic and cynical type of guy.
I think we’re all a little cynical these days. Thanks for the feedback—
Kris