Markets are Up, But so is Unemployment

The unemployment rate hit 10.2%; the highest number since 1983. We examine the ins and outs of this number, what it will mean for the economy and the consumer. Then, what the Carry Trade, and how will it effect the market? Plus, Warren Buffett talks about the biggest acquisition of the year.

Episode Segments:

This Week on Wall Street Avery busy week for the markets. The headline story for the week is the unemployment rate which hit 10.2% the highest number since 1983. We examine the ins and outs of this number, what it will mean for the economy and what it will mean for the consumer, who will now be even less likely to spend. As we summarize market action this week well also look at how the market reacted to Tuesdays election and Wednesdays Federal Reserve Meeting.
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Warren Buffett Likes Trains Theres little the market likes more than Mergers & Acquisitions. On Tuesday it was announced that Berkshire Hathaway would acquire Burlington Northern. At $44 billion is was far and away the largest acquisition of the year. It was beginning to look like happy days were back on Wall Street. But our favorite bear, Noriel Roubini puts it all in perspective as he discusses the Carry Trade. This little known corner of the markets is rapidly becoming one of the real drivers of this current rally, and threatens to morph into an all-new financial bubble.
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Redefining E-Commerce In our final segment we look at the announcement this week that Ebay will open up its Paypal payment software to any developers. If they can pull it off this has profound implications to how we do business on the internet. I thought that security issues would get in the way, but perhaps not. Anyway one way to look at this: competitor Verisign is down about 10% since the Ebay announcement so maybe there really is something here.
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