"Watchdog on Wall Street" Chris Markowski's roles are reversed when Rich Bergeron interviews this popular talk show host about the distressed U.S. economy.
As part of Fight News Unlimited‘s plan to expand our coverage to cover fights of all kinds on all fronts, we spoke today with Chris Markowski, known as the Watchdog on Wall Street.
“Rabble Rousin'” Rich Bergeron interviewed Markowski earlier today to tackle the fight against government waste and corruption that is playing out in congressional debates and is a topic TV news pundits are constantly discussing these days. Markowski is a political and economic expert and nationally-syndicated radio talk show host. Chris talks about a variety of different topics surrounding our volatile United States economy in our podcast below.
USA Today reported recently that the US Government will be on the hook for 61.6 trillion dollars in unpaid financial promises thanks in part to Social Security and Medicare. The Watchdog on Wall Street says if you add the financial bailouts and other government payouts for social programs we could see this number hit 100 trillion dollars. Chris Markowski predicted this would happen 5 years ago, and has been warning Americans for over 10 years.
That debt makes each US household responsible to pay $527,000.00 to fund these promises. That responsibility is 5 times the amount an average US home borrows for a house, car and other debt.
Chris Markowski’s Background:
* Hosts a syndicated radio show which is heard in over 100 markets
* Regularly featured expert on CW network’s “Daily Buzz”
* Frequent Contributor to FOX News and CNN
* President of Markowski Investments
* Appeared on “Inside Edition”
* Political and Financial Expert
Find out more about Chris at his Web-site:
http://watchdogonwallstreet.com/index.html
LISTEN TO THE PODCAST:
On Jim Cramer, hitting an alltime high
An article in the NY Times magazine caught my eye. All about the clown antics of a certain Booyah Bozo by the name of Jim Cramer. You will be aware of him if you have hours to kill in front of the TV set, and own a set of securities of diminishing value.
In the old days, we used to go down to our broker (most often Merrill Lynch), and waste hours watching the tape go by, with a cup of coffee and a newspaper. And, of course, trade information and rumors. Outright promotion by the broker was a no-no.
So what’s changed? We still become transfixed by the tape, and allow ourselves to be entertained by a clown who should be doing standup in the boondocks. He is technically ignorant, doesn’t analyze charts, and won’t suggest shorting when the time is right. He’s for straight gambling on the long side, and bets on the truthfulness of fundamental valuations, which is a sure way to lose the house, and to the house. As for broker promotion, that’s been replaced by CNBC promotion. Opinions? Well, they’re free, and you know what values attach to free.
It’s best to accept the fact that a stock is worth exactly what it’s selling for, at any given moment. The price contains all known and unknown details, where the devil usually lurks. To be bullish on anything in a down market, or bearish in an up market requires skill and guts. It also requires a knowledge of the workings of the market, as portrayed in squiggles on a chart. You are not an “insider”, but you just might make an educated guess after studying trendlines and classic patterns of tops and bottoms for a roadmap. Just be aware that the smart money already holds the stock, and needs to unload on to a gullible public. Mr. Cramer’s job appears to be to set them up.
The game is very serious, and to have fun using other people’s hard earned money is contemptible. And to interview CEOs pretending to reveal inside information while they promote their company’s products has to be for the entertainment of very gullible people.
Stock commentators should be forced to reveal their portfolios, even just a paper portfolio. The record would then speak for itself for all to see. And they should be registered and conform to Blue Sky laws, like other money managers. And the SEC should come out. Where are they hiding?
Posted in "fundamental analysis", "head and shoulders", "Jim Cramer", "stock market", "technical analysis", "trend lines", boohah, charts, clowns, COMMENTARY-Passing parade, MSNBC, MY STOCK MARKET