4.7 • 696 Ratings
🗓️ 12 October 2008
⏱️ 57 minutes
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0:00.0 | Welcome to the Real Estate Guys Radio program. I'm your host, Robert Helms. A big week in the financial markets. We've got the bailout blues. What's going on? Is it a depression or recession or just some crazy obsession? That's our topic today. Thanks for tuning in to the Real Estate Guys Radio Network. |
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1:06.8 | Welcome to the Real estate guys weekly radio program. I'm your weekly host, Robert Helms, and it's great to have you tuning in, especially in such a crazy week that we've had. Lots happening in the financial markets. We've been able to say that about the last few weeks and, in fact, months. But boy, what a crazy week. With me in the studio co-host financial strategist Russell Gray. Hey Robert. What do you think |
1:28.8 | about this last week? Well, this is the weekly show and you're the weekly host and we've had a |
1:33.4 | weekly economy. Yes, we have and you're the weak partner. I'm sorry, weekly partner. It's been |
1:39.2 | pretty tough out there and especially for those of you who are in the stock market, our strong condolences go out to you. |
1:47.2 | Man, it's been brutal. I saw a headline the other day that over $2 trillion has been lost just in |
1:53.2 | retirement accounts. You know, I remember when that was a lot of money. Yeah, $2 trillion. Now, |
1:58.3 | here's what's interesting about it. You know, you had people a few weeks ago talking about how the $700 billion bailout, you know, was such a big number. And then when it |
2:07.6 | didn't pass, the stock market went down a lot more than that. So it's like, wait a minute, we've |
2:12.2 | already lost $1.2 trillion. And you wouldn't even spend $700 billion. Now, there's lots of issues surrounding that, which we'll talk about, I'm sure, today. |
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