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Motley Fool Hidden Gems Investing

Motley Fool Money: 06.26.2009

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 26 June 2009

⏱️ 16 minutes

🧾️ Download transcript

Summary

The Fed says the economy should improve but Warren Buffett says the economy “needs more medicine.” Durable goods orders rise, consumer confidence climbs, and the savings rate hits a 15-year high. So what does it all mean for investors? In this installment of Motley Fool Money, we tackle that question, talk about Apple’s less-than-full-disclosure policy, and share a few stock ideas.

Transcript

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0:00.0

Welcome to Motley Full Money. I'm Chris On. I'm joined by Motley Full Senior

0:08.3

Analyst Seth Jason, James Early, and Ron Gross. Guys, happy Friday. Happy Friday, Chris.

0:13.3

Happy Friday, Chris. Wow, that was almost in unison. That was nice. That was, you

0:16.6

practiced up beforehand or? We did. Nice to see you, teacher. All right, this is a

0:20.2

Motley show. We're not just about business, so we will be talking about Michael Jackson

0:24.7

and Farrah Fawcett. We'll explore a secret world called Apple. It's a place where the CEO

0:29.4

goes away for a liver transplant and shareholders don't know about it. And as always, we will

0:34.5

share a few stock ideas. But we start with the big macro. Earlier this week came the news

0:39.4

that May durable goods orders increased. The Fed said that economic growth should gradually

0:45.0

resume. But Warren Buffett says, the economy needs some more medicine. And earlier today,

0:50.1

the Commerce Department reported that the personal savings rate rose to a 15 year high in

0:55.5

May and the stock market at least initially was not that happy about it. James, what do

1:00.6

you take out of all this news this week? What's the big headline for you? Well, you can't

1:04.5

make me care about any of it, Chris. The green shoes are growing in every which direction.

1:09.4

We can justify probably any interpretation we want to. We've got World Bank revising

1:14.2

its forecast down, but GDP fell less than expected, but unemployment grew more than expected.

1:19.6

This is just the typical pattern right now. I call it mixed precipitation. It thinks

1:23.8

to go any which way. I think the good thing is the best news for me actually. I will say

1:27.8

this is the savings rate at 6.9%. That's fantastic. I am all for savings. I think the idea of

1:34.6

just death as it's been into stimulating things is the equivalent of giving a sleepy trucker

1:39.0

more and more caffeine. In other words, it's worked for a while, but eventually the truckers

1:43.0

got to rest. So we the economy are that trucker. I think we should keep saving. And if we can

...

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