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Mike Norman
The Economic Contrarian
Monday - Friday 9 - 11 a.m.
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Featured Podcasts
| Home Depot Cofounder says, "Union Bill Puts Secret Ballot in Jeopardy" |
Bernie Marcus, co-founder of Home Depot, came on Mike Norman's show to discuss a bill that would allow unions to gain a little more power in the world. Hear the debate between these two men as they try and pin down exactly how much power we should be giving unions and what principles we may or may not lose if this bill is passed.
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| Fannie-Freddie Bailed Out -- Now What? |
Dan Cofall breaks down the aftermath of the Fannie Mae and Freddie Mac bailout by the Federal Government. But even though they've been bailed out, is the situation any different today than it was yesterday? Listen to Dan Cofall explain to you why this bailout might not have the impact the masses are expecting and some unfortunate quotes our economic leaders have given in recent times.
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| Speculative Bubble Bursts; Could Oil Drop Under $100 Per Barrel? |
Stephen Schork, The Schork Report, was on the Wall Street Shuffle September 2 talking about the energy market. Last year at this time, people thought that $70 oil was unsustainable. Now, one year later with a WEAKER economy, people are talking about $110 being cheap. Stephen believes that what we saw was a bubble and what we're seeing is that bubble burst. A stronger dollar will lead to oil price weakness as well as a happier OPEC. OPEC wants oil in the $60-70 range with a strong dollar to avoid hastening any changes to alternative energy.
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| Jack Warkenthien Highlights Stocks and Compares the Presidential Election to 1960's Race |
Jack Warkenthien runs through the stocks for the day to watch. They include: Anadarko Petroleum Corp (NYSE:APC), Coach Inc. (NYSE:COH), Northwest Airlines (NYSE:NWA), and Delta (NYSE:DAL). He also runs through how high fuel prices are keeping us safer and how the current election relates to the 1960 presidential election.
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| What to buy and what to avoid right now! |
Jack Warkenthien interviewed James Altucher, the President of Stockpicker.com about what to buy and what to avoid right now. Among the stocks talked about are Value Click (NASDAQ:VCLK), QLogic (NASDAQ:QLGC), Kellogs (NYSE:K), Lowe's (NYSE:L), Campbell's (NYSE:CPB), Zynex (OTC:ZYXI), Valance (NASDAQ:VLNC), American Airlines (NYSE: AMR), Southwest Airlines (NYSE: LUV), Global Industries (NASDAQ:GLBL), Anadarko (NYSE:APC), Rackspace (NYSE:RAX), Capital Trust (NYSE:CT), Goldman Sachs (NYSE:GS), Service Corp (NYSE:SCI), and Washington Post (NYSE:WPO). Listen in as Jack and James go through the sectors and point out why internet stocks and storage aren't going anywhere any time soon as well as his top pick under $10 and over $100.
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| Comparing Presidential Tax Cuts and Deficits During the Modern Era |
A lot of people complain about the budget deficit, but if you put the deficit in perspective it's actually lower than it as a percentage of GDP that it has been in years past. Most people view deficits as a negative, but in order for our economy to grow we need it to be a LARGER percentage of GDP that it currently is. Mike Norman states that if we can increase our deficit to the 5-6% range, like it was when Reagan was in office that created the 1980-2000 boom, we'll be better off in the long run. Erasing the deficit, as many people want, will kill us. If you want to look at one thing in deciding to make a long term investment, the trend of the deficit will tell you the most about the direction of the economy. Our stock market has gone nowhere since 1998 because our fiscal balance crossed the line between deficit and surplus.
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| Beat the Market and Secure Your Retirement Income |
Right now a lot of companies are in the process of changing their defined benefit plans to cut costs and save money during these lean times. But, as you know, that means that retirees are going to be on the hook for most costs. Perhaps the most visible company is GM (NYSE: GM), who recently cancelled the health care benefits for retirees over the age of 65.
For those being affected and for those who are looking to escape from tired mutual fund returns, Jack has an idea for you to make money.
Listen in as Jack explains his strategy and what sector you might want to watch as everyone frets the sagging economy.
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