Welcome to my blog where I discuss money, investing, politics, and anything else import in the world. I find it surprising that most people in their 30s have very little knowledge or interest in these areas. Of course everyone is interested in money, but very few take the time or have the discipline to properly save and invest it for the future or short term. For those who at least have the interest, I'll write about my experiences and methods of investing, and hopefully give you a head start in investing.

Saturday, March 15, 2008

Bob Brinker MoneyTalk Commentary 3/9-1/10

Bob called for a guaranteed 75 basis point rate cut on March 18, with a slight probability of higher. I wonder how that changes with the latest Fed actions. It looks like we still may get a 50 point cut, but we'll see.

Bob also gave 50% chance of being in a full blown recession, but thinks if it happens, it will only be for the first two quarters of 2008. His guest, Dan Ariely, author of Predictably Irrational, was quite interesting and talked about the psychology of things such as stealing, lying , cheating, and investing.

On Sunday, Bob's guest, Teresa Ghilardu, was an odd choice as she seemed to preach pension and annuity ideas contrary to his often repeated opinion. She was pro pension and annuity (when provided buy the company). In particular, she generalized to always take the annuity rather than the lump sum, when offered. I was waiting to see how long it would take for Bob to jump all over her. He actually tried to give her an out, by saying it was a case by case basis, but she wouldn't bite. She didn't really like giving the investment choices to the person, but wants them to trust in the pension.

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