Thoughts on “The Big Picture”

On Saturday, Oct. 10, I did what was, in my opinion, one of the best radio shows that I have ever done. The title of the show was “The Big Picture.” The one-hour broadcast let us take a step back from the day-to-day machinations of the market and focused on some of the overriding issues facing both the U.S. and global economies. We also looked at the challenges and dangers ahead for the financial markets, and we examined the current and past political climates that led to our nation’s fiscal mess.

During the show, I even talk about the new film “Wall Street: Money Never Sleeps,” which if you haven’t seen already, I strongly recommend. The film does a great job of depicting the collusion between the big boys on Wall Street and the government during the 2008 financial meltdown. The film is largely accurate, even down to the then-Treasury Secretary Hank Paulson look-alike.

The big-picture issues discussed in last Saturday’s show include the whole financial mess perpetrated by the real estate meltdown, and how a similar breakdown in the bond market, and with state and federal budgets, could spark another major wave of fiscal pain.

I strongly encourage you to listen to a replay of this show, as it will really give you a sense of what I think are the challenges and opportunities going forward. To listen to any of my past broadcasts, all you have to do is go to my radio show archive.