October 2008

I have been slacking on my blogging this week because I'm gearing up for my trip to Phoenix, Arizona.  I leave Thursday, and will be live throughout the day on Fox Business.  What a great opportunity (yes, it's the Opportunity in America series) to talk with local politicians, residents, business owners, and real estate experts.  My show will be live from 12 to 1pm ET from our location, and ... read more

Seth Glickenhaus was back with us today. He is one of the few people in this world we live in who experienced, and remembers, the Great Depression. Even better, he was on Wall Street at the time, and remembers the mood, the fear, the panic he witnesses. Seth is now 94, and he speaks a little slower, but his mind is working overtime. Best thing about this interview? He says where we are now, ... read more

I was on FNC this morning with Bill Hemmer and Megyn Kelly  (how great are they?) and they were talking about Barack Obama and comments he made back in 2001 on a Chicago radio station.  Why I think this matters to a business audience is pretty obvious.  How will you be taxed as an individual? How will you be taxed as a small business?  An idea that was floated around on the House Labor and ... read more

That seems to be where we are heading in this debate about taxes. The fight in Washington is the classic divide between what is believed to be poor versus rich. I was looking at a report from the Organization for Economic Co-operation and Development. They ranked the United States fourth in the world for economic inequality. Top countries were Mexico, Turkey, then Portugal before us. Does ... read more

Is it possible we are heading into a recession, but the markets will go higher during the same period? Let's look at history: After a 16 month recession that lasted from July 1981 to November of 1982, the S&P 500 posted a total return of 14%. A recession that lasted 8 months, from July 1990 to March 1991, saw the S&P generate an 8% total return.  Something to consider as we head into what is ... read more