Headed in the Right Direction Or is it the Wrong Direction?

Markets were up sharply and investors felt good again for the first time in a couple of weeks. The Obama Administration brought out the big guns to tout the recovery, but they couldnt make the sale. And Friday stocks headed down again. And one prominent investor feels recovery or no, the government is headed down a path we cant afford.

Episode Segments:

This Week on Wall Street It was an up and down week on Wall Street. Thursday the good news came with a bang. Preliminary GDP numbers came in at a whopping 3.5 gain. Well above Wall Streets lowered expectations. Markets were up sharply and investors felt good again for the first time in a couple of weeks. The Obama Administration brought out the big guns to tout the recovery: Christine Roamer and Austin Goolsbie. But they couldnt make the sale.
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Exxon: What's at Stake Who has a bigger stake in Exxon Mobile than the shareholders? If you guessed the government youre right. We look at last quarters taxes to see that Exxon paid total taxes of 5X net earnings. Next, we take a look at the canary in the mine shaft, Hong Kong. Theyre really beginning to feel the pinch of de-leveraging. Finally, Harvard Professor Naill Ferguson gives his perspective on the current economic crisis.
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A View of the Economy from Vegas I think that youll really enjoy listening to Steve Wynn. Hes the owner and manager of the Winn Resorts in Las Vegas and Atlantic City. Youll find that he articulates much of what most of us have been thinking. Its good to hear from another business-man on how the economy is shaping up. Finally we look at the up-coming weeks economic calendar.
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