Moneytalk Podcast for Sunday June 14, 2015

Moneytalk with host Bob Brinker podcasts are now available for free.

This week Bob talks about the FOMC meeting that he refers to as a "pajama party."

• Money Talk - 6/14/15 - Hr 2
• See below for links to past shows

Bob warned of the danger or raising rates "too quickly" which would make him a "rate dove" because the "rate hawks" have felt rates have been too low for too long.

Bob also said the language of the statement was most important and he didn't expect the FOMC to change rates at this meeting. Bob thinks rates could stay unchanged until the "Autumn season."

Today Fed Chair Janet Yellen had a press conference and explained why they left rates unchanged after their "pajama party."

• June 17, 2015 FOMC statement

Listen now by clicking the links or right click and save the mp3 file to your hard drive and listen later.

Learn "Core and Explore Investing" with "Kirk Lindstrom's Investment Letter."

• Subscribe NOW and get the June 2015 Issue for Free!

=========================== Past Shows:

• MoneyTalk - 6/7/15
• Money Talk - 5/31/15

Next Sunday you can Listen Live (unless he does another recorded show)  to Moneytalk with Bob Brinker at:

• Phoenix, AZ:  KFNN 1510AM:  All three hours
• Denver, CO:  KNUS 710:   All three hours
• (1PM to 4PM PST, 4PM to 7PM EST)

For more about how I Bond Rates are calculated, see 

• ==> Current Series I Bond Rates
• ==> Composite Rates for Older Series I Bonds
  

Disclaimer: I own Series I Bonds in my personal account (some have base rates of 3.0%!  I also currently have them in my Newsletter Explore Portfolio.

For my advice on what to do with your older I bonds as well as new money, read my newsletter!

• Subscribe to Kirk Lindstrom's Investment Letter NOW and get the June 2015 Issue for Free!

Moneytalk Podcast & Show Summary for Sunday

This Sunday's show was a live.  I only have the link for the first hour podcast listed below but I will post links to the podcasts as (if) they become available.

Next Sunday you can Listen Live  to Moneytalk with Bob Brinker at:

• Phoenix, AZ:  KFNN 1510AM:  All three hours
• Denver, CO:  KNUS 710:   All three hours
• (1PM to 4PM PST, 4PM to 7PM EST)

Moneytalk with host Bob Brinker podcasts are now available for free.  Listen now by clicking the links or right click and save the mp3 file to your hard drive and listen later.

Hour 1: In the monologue, Bob Brinker discusses the Greek bailout.  

• Bob says Greece got $123B 5 yrs ago, another $146B 2 yrs ago for a total of $269B.
• Now Greece needs more money but does not want to cut government payments to Greek Citizens.  
• Bob told callers they should not pay off 3% home loans. (I agree with this and have advised my subscribers that a 3% loan for some of your net worth is a great inflation hedge, especially since the Federal government subsidizes it with tax deduction.)
• 42:40 Dale: Bob would hold on to I-Bonds with 1.4% base rate even though they currently pay zero for the next six months.  I agree, see New Series I Bond Rates 
• 45:20 Deborah: Bob said paying $600 a year to get help for managing a $200,000 portfolio at Vanguard is fine with him.  (The core portfolio funds in my newsletter are similar to what Vanguard will recommend and it only costs $150 a year!)
• Listen at  Money Talk - 5/17/15 Hr 1 

Last week, Sunday May 10, 2015, was a compilation of "The Best of Brinker" with no mention that the calls and advice were from the past.

• Money Talk - 5/10/15 - Hr 1 
• Money Talk - 5/10/15 - Hr 2 
• Money Talk - 5/10/15 - Hr 3

Recommended Articles:

• New Series I Bond Rates 
• Bob Brinker Listen Live & FREE Moneytalk on Demand Podcast Archives 
• Beware of Peer-to-Peer Lenders - 
• Historical 30-Year Mortgage Rates  - Rates near historical lows 
• Warren Buffett say Bonds Overvalued & he would short 20- & 30-year bonds 
• SPY Near Record High While ECRI's WLI Rises To 30-Week High
• U.S. Debt At 104% Of GDP Hits Another Record Stocks, Gold Should Do Well On Slow Rate Hikes

Bob Brinker's Recommendation for Cash

Moneytalk with Bob Brinker Commentary for December 1, 2013 Radio Show

The following commentary is from my "Retirement Advisor" writing partner,  David Korn.

PARKING CASH

Caller: Where can you keep cash where it can be liquid yet have access to it immediately.

Bob said one possibility would be a quality money market fund. You won’t get any kind of meaningful return on that money in this kind of interest rate environment. It is really about safety and having access to the fund. Some money market funds have check writing privileges. For the ultimate safety, you would go to a treasury based money market fund or to one of the big well known blue chip financial money market funds and there you would likely get check writing privileges as well.

EC(David Korn): Bob has long recommended the Vanguard Prime Money Market Fund (VMMXX) for such purposes which allows you to redeem shares by writing a check for $250 or more. Read the prospectus at the following: http://www.vanguard.com/pub/Pdf/p030.pdf

Kirk's Comment:  Money market funds offer terrible returns these days.  Vanguard only pays 0.01%.  There are several FDIC insured savings accounts listed here that pay almost 100 times more or nearly 1.0%.   In every issue of "The Retirement Advisor," David and I update where you can get the best interest rates for cash that is 100% safe, usually with FDIC insurance. 

Currently we have a percentage of our safe portfolios parked in an online savings account, with No Monthly Fees and No Minimum Balance at American Express Bank, Check out that link to get their current rates and more info.

Kirk's Comment:  We don't jump from fund to fund each month for a few tenths of a percent, but if you can certainly do better than 0.01%.  If you have new money looking for a 100% safe parking place, then look at the survey of top savings rates at Savings Account Rate Survey

Best Retirement Newsletter

Read "Kirk's Two Investment Letters - Best Retirement Portfolio For You" to decide which newsletter I offer is best for you.

Commentary is courtesy of my writing partner, David Korn: 

David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials, and Special Alert E-Mail Service.  Copyright David Korn, L.L.C. 2013

If you would like a free sample of David's complete "Brinker related newsletter" and his "Retirement Advisor" newsletter, then click this link to send an email request and please tell us a bit about yourself too.

Bob Brinker Moneytalk Monologue & Caller Discussion Summary

Moneytalk with Bob Brinker Commentary for December 1, 2013 Radio Show

The following commentary is from my "Retirement Advisor" writing partner,  David Korn.

GOVERNMENT DEADLINE

Brinker Comment: A December 13th deadline has been established for the House Senate Committee to come together for a new budget agreement. This is what we wound up with after the government shut down was completed in October. The word we are getting is that all they are trying to do is to curb the sequester cuts that are mandated from the last time they failed to reach an agreement. This includes $19 billion that will hit pentagon budgets in January. The lack of leadership in Washington D.C. That seems capable of leading on fiscal issues. What happens if an agreement isn’t reached on December 13th? Nothing really. There is no immediate consequence. There was a budget resolution back in 2009 that sets the spending parameters for the federal government but haven’t had once since that time. What we have had is a lot of partisan fighting. The disagreements we have now are the same as always; some want entitlements cut, others want additional tax revenues.

Can our current situation go on forever? No. We need reform to entitlement spending including Medicare, Medicaid and Social Security because that accounts for almost 50% of our federal government spending. But to do that you have to get past the lobbyists that swarm capital hill and the special interest groups, like the AARP that have 37 million members who don’t want to see changes that would result in any diminution of benefits. That is just one example of a powerful lobbying group and this is one reason you don’t reform.

EC(David Korn): The real important deadline is January 15 when the government funding again expires. Read the article, “Do-Nothing Congress Dithers on Budget as Deadline Nears” at this url: http://tinyurl.com/qhd9p3n

Brinker Comment: Did Bowles-Simpson come up with some good ideas for reform? Yes, but they have basically been ignored. Even Simpson and Bowles failed to address the black hole called Medicare which is unsustainable. The average couple pays in about $130,000 into Medicare while they get back about $350,000 in lifetime benefits. And Social Security as it is constituted is going nowhere as the current workforce pays in a smaller amount to a growing number of beneficiaries. Our country is fooling itself by thinking that the low interest rate environment we are currently in will allow us to continue to borrow at the same pace. Our leaders fail to recall that the average interest rate we have had to pay on our national debt is 5.8%. Even though it is at 2% right now that won’t last forever. A 4% increase in interest rate would cost us $600 billion in interest per year — or $6 trillion over 10 years in interest expense.

Caller:  Shouldn't the government consider indexing benefits to social security to inflation? Bob said the schedule of payouts to social security has an inflation component in it. The rate of return earned by social security has always been pegged to the rate of return on the Treasuries as mandated by law. They don’t have any choice. There was an effort by George W. Bush to put a portion of the social security money into the stock market but that effort was shot down in a big way.

Kirk's Comment:   See Social Security COLA for 2014

• Notice that the cap on the upper rate is going up far faster than inflation which is a tax increase on those making more than the cap.
• "For those of us still working, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase 2.9% to $117,000 from $113,700."
• Kirk Lindstrom's Investment Letter
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Brinker Comment: Bob noted that sequestration is flawed because it cuts everything, the good and the bad and is no way to govern. Instead, we have career politicians who can’t get the job done. Bob said going to the rich isn’t the solution because the top 10% of taxpayers are already carrying the mail for 70% of the personal income tax bill. The political games in Washington go on and on.

EC: The 29-member bipartisan panel faces a December 13th deadline but as Bob noted these panels don’t seem to have much success. There have been over a dozen panels convened since the end of WWII but their recommendations have rarely spurred congressional action.

Caller: What kind of carnage can we expect and when can we expect to see it if our government continues down its present fiscal spending path? Bob said the timeline is difficult to predict, but certainly we are headed to oblivion if we don’t make cuts in Medicare, Medicaid and Social Security in that order of priority. What is the worse kind of outcome? That would be if our national debt continued to explode against a backdrop of higher interest rates which made the interest carrying costs unsustainable. Suppose you had the government bonds downgraded beyond investment grade level, you would have a hard time finding ways to borrow the money without paying an exorbitant interest rates. That would be the worst case of scenario.

Caller: What have you heard about reform in social security, such as a cut-off point in income for social security of they go with means testing? Bob said the discussions haven’t got that far at all. Ironically, social security is the easiest of all the entitlements to fix. The age expectancy has gone way up since the social security program was developed. They could simply extend the age by a month or two down the road when you are able to take benefits. This could be done over a period of many years and it would enable them to greatly expand the viability of the program. This is an easy solution that our government can’t even tackle.

Caller: This caller noted that the US Government has tons of property across the United States. Why not sell some of those assets or lease them out and put the money in a sovereign nation fund and use some of that money to pay off social security. Bob said the votes are not there for that. Not even close to enough votes for that kind of proposal.

Brinker Comment: Bob said the Medicare program is where the money is and that program has the potential to really bankrupt the economy. But we have known it needs to be fixed for years and they haven’t done it. The closest thing we got was Simpson Bowles but even they couldn’t get it done. There is so many powerful forces lobbying against the reform of this it will take real leadership of our government officials to get it done.

Caller: This caller asked Bob why he doesn’t comment on cutting spending in the other half of the budget where, for example, there is extreme wasteful defense spending going on. Bob got a little “defensive” so to speak, and told the caller he must not listen to Moneytalk because Bob has cited with approval the views of Senator Coburn who has said there is 5-10% fat in the defense budget and for that reason, Bob said the sequestration’s cuts in defense spending hasn’t bothered him all that much.

EC: Senator Tom Coburn (R-OK) released an oversight report entitled, “Department of Everything” which outlines how the Department of Defense could save $67.9 billion over ten years by making specific cuts to “non-defense” defense spending — spending that DOD can cut without cutting vital defense priorities. You can read the report at this url: http://tinyurl.com/cavewxa

Best Retirement Newsletter

Read "Kirk's Two Investment Letters - Best Retirement Portfolio For You" to decide which newsletter I offer is best for you.

Commentary is courtesy of my writing partner, David Korn: 

David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials, and Special Alert E-Mail Service.  Copyright David Korn, L.L.C. 2013

If you would like a free sample of David's complete "Brinker related newsletter" and his "Retirement Advisor" newsletter, then click this link to send an email request and please tell us a bit about yourself too.

Kirk Lindstrom's Investment Letter

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==>   My returns by year  &  New Record Highs <==

This table shows my newsletter "Core and Explore Portfolios" from 1998 through the end of Q3

Moneytalk Summary: Bob Brinker's Stock & Bond Advice

Despite the stock market closing Friday withing 2.2% of its record, all time high set on September 19, 2013, Bob Brinker didn't say a word about it during his Sunday, Sept. 29, 2013 show.  One would think he would get a sore arm patting himself on the back for "officially" recommending a fully invested position.  See Bob Brinker's Asset Allocation History

Click for Full Size Image

Instead of discussing how well the stock market has done, Brinker took a few calls on his "income portfolio" where he explained why he was lowering the duration of his bond funds to reduce interest rate risk.   As a reminder, a duration of "8" means you can expect a bond fund to lose 8% if interest rates jump by 1% overnight.

Of course, the lowest duration is ZERO and you get that from FDIC insured CDs and Savings Accounts.  These are what I recommend in my newsletter.  You can find savings accounts that pay as much as 0.90% at this link:

• Best Savings Account Rates
• For example, "GE Capital Bank" currently pays 0.90% with no minimum balance

The majority of Sunday's show was devoted to the government shutdown.  As is his way to not offend any side that might buy a newsletter from him, he didn't offer any solutions while voicing his tremendous displeasure.

It is too bad Brinker didn't discuss why he has remained fully invested in stocks since March 2003.  It sounds like his listeners are mostly out of the market, if you judge them by the calls Brinker lets on the radio.  For sure, we didn't hear any comments from Bob Brinker about "the Secular Bear Market" he predicted that didn't happen.  Perhaps most of his callers and listeners didn't want to risk Brinker missing the next bear market like he missed the 2008/2009 bear market so they went to his "income portfolio" that has no stock market exposure.  For sure, I'd love to hear Brinker honestly answer a call about this.  For more on the market read:

• SPY 2.2% Off Record High While ECRI's WLI At 3-Year High

For a good discussion of the Government Shutdown, here is what one of his guest hosts, Terry Savage, sent out via email.

 October 1, 2013:  You're likely waking up to headlines that the government is shut down.  Well, not all of the government.

Essential services will continue.   Our military will still stand guard, social security will still be direct-deposited, and air traffic controllers are not being furloughed.  National parks will be closed and there will no doubt be other inconveniences -- but life will go on.

This is not the first government shutdown, nor will it be the last.  There were 17 shutdowns from 1976 to 1996 -- totalling 110 days.  (And that doesn't count snow closings!)

The most memorable shutdown was the three-week closure from mid-December 1995 to early January, 1996 under President Clinton. And that period included a huge East Coast blizzard.  Still the economy did not collapse,and economic growth was not  greatly impacted.

Crying Wolf!

Congress is like the little boy who cried wolf!  If a crisis were imminent you would see it in the stock and bond market where fearful global sellers would dump American assets.  You'd see it in soaring gold prices and a huge decline in the value of the dollar.

But so far, like all of us (except the media) the world senses that the politicians are crying wolf.

The government can shut down for a few weeks, without calamity.  But you wouldn't know that from this morning's headlines -- all about the intransigence of our political parties.

Hey, we settle our political disagreements in a far less ugly way than they do in Egypt, or Syria.  Democracy is messy.

Get Real

Yes, there is deep disagreement about the role of government, and the overall level of spending.  It has come to a head in the attempt to delay the individual mandate for Obamacare.

On a logical basis, you would think the President would welcome this excuse for at least a temporary pause to get the systems working.  After all, large businesses and unions already have been granted exemptions to take a delay of game without penalty.

And on a logical basis, you would think all Americans would support a plan to make sure Congress and the administration were forced to use the same healthcare program as the rest of America -- without subsidies to defray their costs.  If it's good enough for us, why not for them?

Look, we all know they will work it out.

A Budget Fight?

It's not really a budget fight. The word “budget” implies some kind of thoughtful plan to guide future spending. Congress hasn’t passed a real Federal budget in the past four years.  Instead they’ve gotten by with “continuing resolutions” that allow Washington to keep on spending, and over-spending, so they have added at least $1 trillion to the national debt every year for the past four years

The real issue is the “debt ceiling” – the official limitation on how much the government can borrow.  That limit has been raised time and again to accommodate Congressional overspending.  In fact, the debt ceiling was reached late last spring, but through a complex series of financial maneuvers the Treasury was able to continue to borrow money to fund spending.

 There will be another confrontation later this month, with the threat that if the debt ceiling isn’t raised, the United States will have to default on its debt, and be unable to borrow more money to keep the government going.  That too, is likely to be dealt with at the last minute.

By then we will be totally bored with the drama.

But too much delay in dealing with our debt could impact the global financial system, as it loses faith in the dollar and causes interest rates to soar.

When confidence in the dollar is lost, the centerpiece of the world’s financial system will crumble – and it won’t be pretty for America when no one wants to give us full value for our money, when no one wants to lend us money and take promises of repayment in dollars.  Then spending cuts will be forced on us.  Either that or we will start “printing” the money we need – further destroying the value of the dollar.

Think I’m just crying wolf?  Remember, eventually the real wolf did come.  And that’s The Savage Truth!

More about Terry Savage:

• Terry Savage Fan Club
• The Savage Truth on Money
• The New Savage Number: How Much Money Do You Really Need to Retire

 - - 

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Bob Brinker - Market Prediction, Diversification and Inflation

Moneytalk with Bob Brinker Commentary for June 16, 2013 Radio Show

The following commentary is from my "Retirement Advisor" writing partner,  David Korn.

DIVERSIFYING 

Caller: This caller inherited some stock that accounts for 25% of his portfolio. How should he handle that? 

Bob said he would own something like the total stock market index through Vanguard or Fidelity in a low cost index fund. That is a sideways move in the stock market. 

Kirk Comment:  I like this advice.  Depending on how much money the caller has, I would recommend further diversification with some (20% for young people, 50% for retired people) in fixed income so you have money to "rebalance" and buy low when the market has the inevitable correction.  I felt so sad for many Brinker followers who were 100% in equities at the top before the last bear market.  The rode it all the way down and some actually sold out according to some sad emails I get. 

• More at: Brinker's Asset Allocation History

I also like to split the total stock market index fund into its components plus add international diversification once you have enough in your portfolio to get over the minimums. Then when you have enough in this diverse portfolio to have the six index funds I currently recommend in my "Core Portfolios" then you are ready to add explore stocks.  Of course some like to add explore stocks (what Brinker calls "individual issues") sooner, which is fine, but that comes at a price of higher portfolio volatility.  That is fine with me as long as it doesn't scare you out of the portfolios when the markets are down.  One reason my method works is we have targets to buy low at so we welcome market declines.

• More at Kirk's Two Investment Letters

The caller asked if he should sell the stock now, raise the cash, and then wait for a stock market correction to go into the index fund? 

Bob said he doesn¹t know what the market will do and that is a sideways move and since he recommends being invested right now you do it on the same day. 

Kirk Comment:  I don't think I ever heard Brinker say this before!  Did someone slip a "truth serum" into his iced tea?

EC( David Korn): Bob continues to recommend a fully invested position insofar as the stock market is concerned, a recommendation he has held since May 2003. 

Kirk Comment:  Actually Brinker has recommended being "fully invested" since March 2003.

INFLATION 

Brinker Comment: The Consumer Price Index comes out Tuesday and we have inflation down near record lows. Why is inflation so low? Because the economy is growing slowly and there is so much excess labor out there. When you combine those two things, it is a recipe for low inflation. 

EC: I read a thought provoking article entitled, ³The Truth About Inflation: Prices Don¹t Deceive, the CPI Does² that I found at this url:  http://tinyurl.com/l3rqsad

MONEYTALK GUEST Anita Raghavan 

Bob had on Anita Raghavan, author of the book, "The Billionaire¹s Apprentice: The Rise of the Indian-American Elite and The Fall of the Galleon Hedge Fund." The interview wasn't worth summarizing at all 

Best Retirement Newsletter

Read "Kirk's Two Investment Letters - Best Retirement Portfolio For You" to decide which newsletter I offer is best for you.

Some of the above commentary is courtesy of my writing partner, David Korn: 

David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials, and Special Alert E-Mail Service.  Copyright David Korn, L.L.C. 2013

If you would like a free sample of David's complete "Brinker related newsletter" and his "Retirement Advisor" newsletter, then click this link to send an email request and please tell us a bit about yourself too.

Bob Brinker the Informercial Salesman

"The Ayes Have it!"

I listened for maybe 30 minutes total yesterday to "Moneytalk with Bob Brinker."

I had to laugh so hard...

I heard Bob Brinker plug his newsletter on his website.

I also heard him tell a caller asking his opinion on where the market was headed say he writes that in his newsletter as he refused to answer.

Who would pay for that if they knew he's been fully invested since March 2003 AND he was so bullish at the top in 2007 that he had a gift horse buying opportunity in the 1500s just before the market collapsed to 666!

I heard him plug "Moneytalk on Demand" that is quite expensive compared to iTunes or getting the show for free on the internet.

I heard him LIE to a caller by saying he was not a salesman!

I guess he thinks what remains of his audience is too stupid to notice he's turned his show into an informercial for over priced products, especially when compared to the competition. 

Bob Brinker Moneytalk Summary - June 2013

Who takes more vacations, Bob Brinker or President Barack Obama? It is no contest on who works fewer days each month.

This weekend, Bob Brinker is off again.  His substitute is  Guest Hostess Lynn Jimenez

My guess is Bob would have had plenty to say about

• the NSA surveillance scandal
• the IRS targeting scandal
• the IRS extravagant, million-dollar conferences
• and the exploding national debt. 

Fortunately, on Friday night Jay Leno of NBC's "The Tonight Show with Jay Leno" trashed the feds from all sides.  

Notice the difference in audience reaction for a Mitt Romney tax joke.  Californians are a bit sensitive about attacking the president while they love to hear jokes about rich Republicans.



As for Bob Brinker, he remains fully invested as he has since March 2003.

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Moneytalk with Bob Brinker Host Summary for February 5, 2012

Moneytalk Show Summary:   On February 5, 2012 Bob Brinker hosted two hours of Moneytalk then played taped calls from past shows for the third hour.  Read our program summary at:

Moneytalk Summaries - February 5, 2012  

Congratulations to the New York Giants for defeating the New England Patriots 21 to 17 in a very exciting Super Bowl  XLVI (46). 

Feb 5 XLVI	Q1	Q2	Q3	Q4
Giants	9	0	6	6
Patriots	0	10	7	0

Total

21

17

Bob Brinker's Market Update for 2012

Bob Brinker Market Update plus Summary, Excerpts and editorial comments for Sunday's (January 22, 2012) edition of "Moneytalk hosted by Bob Brinker."

Sunday Bob Brinker said the stock market is off to its best start in 15 years, up over 4%. The S&P 500 closed last year at 1257 right where it started, but is now standing at 1315, up over 4% in January.

You can read a full review of the show at:

Bob Brinker's Stock Market Update for 2012

MARKET NUMBERS AS OF FRIDAY, JANUARY 20, 2011

• Dow: 12,720.48,   
• Nasdaq: 2,786.70,  
• S&P 500: 1,315.38,  
• 10-Yr. Bond: 2.028% 

My explore portfolio is off to a great start too at up 7.2% YTD as of 1/22/12!

Subscribe NOW and get the January 2012 Issue for FREE! !  
(Your 1 year, 12 issue subscription will start with next month's issue.)
(More Info, Testimonials & Portfolio Returns)

Bob's guest for the third hour was Suzanne McGee, author of the book, “Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down...And Why They'll Take Us to the Brink Again”

Bob Brinker Moneytalk Show Summary

Bob Brinker Moneytalk Show Review November 20, 2011
Our Bob Brinker Moneytalk Summary for November 20, 2011 is now available on our web site.  You can read it now at:

Recap of Moneytalk with Bob Brinker Host show

New Articles & Charts

• Nov 26 Gold Resistance and Support Lines NEW
• Nov. 11 Dow-Gold Ratio Rallies To Downtrending Resistance Line
• Nov. 11 PIIGS 10-year government bond spread versus the German Bund
• Nov. 7 Best Savings Account Rate Survey 
• Nov. 7 Best CD Rates Survey
  
• Nov. 2 New 3.06% Tax Deferred Rate For Low Risk Series I Bonds
• Oct 30 Did Jim Cramer Really Say Buy Netflix At $50 And Sell In High $100s?
• Oct 26 Mark Faber - "Gloom. Boom and Doom Report" Current Advice & S&P500 Trading Range

and have a Happy Thanksgiving!

.

No Recession Says Bob Brinker Moneytalk Summary -

From the summary of the November 6, 2011 "Money Talk with Host Bob Brinker" radio show, Bob Brinker shared his Market Outlook.

Moneytalk Summaries - November 6, 2011 Bob Brinker Market Outlook

Post and Read Comments

Bob was adamant that he is not predicting a recession, that these forecasters are wrong and they will owe him an apology!

"My estimate is that we will see growth again in the fourth quarter, which means, where's the recession?.... I think these forecasters are wrong, but I'll look forward to their apology.... This is Moneytalk."

Sept 30, 2011 Jobs To Get Worse Under Recession-Bound U.S. Economy


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Bob Brinker Moneytalk Summary for September 11, 2011

For a summary of this show, see:

• Moneytalk Summaries - September 11, 2011 MarketUpdate 

Key Topics include a Market Update, 9/11 Memorial, Gold, GNMA, Iraqi Dinar as an investment, Social Security and the Moneytalk Guest

Bob Brinker Moneytalk Summary for August 28, 2011

This weekend KGO radio in San Francisco played spliced together parts of past Moneytalk shows with Bob Brinker answering general questions. Reports say KGO did not announce it was a "best of Bob Brinker show" like they do for the other shows they produce themselves.

This inspired us to write a New  article:

Brinker's Rules on Investing - Become Your Own Money Manger  

Feel free to add to that list here if you know of any "rules" we left off.

Bob Brinker Moneytalk Summary for August 21, 2011

This weekend Bob Brinker said the markets were "volatile."  I summarized the market volatility below.  Other than that, Brinker didn't have much to say about the stock market nor his bragging just weeks ago when the S&P500 was at 1290 and he was buying.   See:

August 6 Market Update and Bob Brinker's Recent Advice to not Sell

Bob Brinker Buy Levels in graphical form

All Time High Market Statistics 08/21/11

S&P500 Chart
Last Market High 10/11/07 at 1,576.09
Current S&P500 Price 1,123.53
Decline in Points = 452.56
Decline in percent = 28.7%

2011 Intraday "Correction" Statistics 08/21/11

S&P500 Chart
Recent Market High 05/02/11 at 1,370.58
Last Market low 08/08/11 at 1,119.28
Current S&P500 Price 1,123.53
Decline in Points = 247.05
Decline in percent = 18.0%
Max Decline = 18.3%

So, despite all the noise from Brinker about a 1030 buy for the market, he was fully invested at the very top at 1576, issued a "gift horse" buying opportunity in the mid 1400s and has been calling "buying opportunities" all along yet the market is still down 28.7% from four years ago and down 18% from his recently bragging about buying.  ALL WHILE FULLY INVESTED IN STOCKS SINCE 2003!

Brinker's guest was Bob Lutz, author of the book, “Car Guys v. Bean Counters: the Battle for the Soul of American Business"

In 2001, General Motors hired Lutz out of retirement with a mandate to save the company by making great cars again. As vice chairman, he launched a war against the penny-pinching number-crunchers who ran the company by the bottom line, and reinstated a focus on creativity, design, and cars and trucks that would satisfy GM customers.

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Bob Brinker Moneytalk Summary for July 24, 2011

Sunday Bob Brinker started the show by saying "Our Toll Free Line 1-800-934-2221. That is our contact number."

Brinker then summarized the debt ceiling issue. Brinker said there is an interest payment due on August 4 that is large enough to put the Federal Government beyond the debt ceiling unless the government can find a legal way to extend the debt ceiling. He said on a "technical basis" we are beyond the debt ceiling but the Treasury has found various ways to extend this.

Brinker said the question we are debating is "how much government will Americans be willing to pay for?" He said the voters will have an opportunity to give their opinion on this issue in the next election.

Near the middle of the show Brinker made what I believe is an excellent point. That is .....

For more, read Moneytalk Show Review - July 24, 2011

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