Motley Fool Money: 08.24.2012
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 24 August 2012
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:16.0 | From Fool Global Headquarters, this is Motley Fool Money. |
| 0:19.4 | Welcome to Motley Fool Money. Thanks for being here. I'm your host, Criselle, and joining |
| 0:22.5 | me in studio this week for Motley Fool Inside Value, Joe Megger, for Motley Fool Income |
| 0:26.6 | Investor James Early, and for Million Dollar Portfolio, Mr. Charlie Travers. |
| 0:30.6 | Gentlemen, good to see you. Thank you, Chris. Oh, we got a lot going on. We've got the latest |
| 0:34.5 | on PC makers, coffee roasters, and one big box retailer. We will give you a preview of |
| 0:40.0 | the events that Apple, Google, Microsoft, and Amazon all have planned for September. |
| 0:45.4 | And as always, we've got a few stocks on our radar, but we begin with the big macro. |
| 0:49.9 | And James, we had new home sales for July, up 26%. That's a two-year high. Friday's |
| 0:55.5 | Durable Goods report was kind of a mixed bag, but the story that kind of got a lot of |
| 1:00.8 | buzz this week was the release of the minutes from the Federal Reserve's meeting nearly |
| 1:05.6 | a month ago. And basically, what it laid out was that we had members at the Fed very actively |
| 1:12.3 | discussing the potential for a third round of quantitative easing. What did you make of |
| 1:17.5 | it? |
| 1:18.5 | This quantitative easing is economic intervention. And you know me, I'm jaded about this. |
| 1:22.4 | I tend to see it as the equivalent of giving a kid in the back seat of the car a plastic |
| 1:26.5 | steering wheel. You know, we're driving. So he feels like he's doing something, but it |
| 1:29.7 | really actually isn't doing anything. For those who don't know, one goal of the Fed would |
| 1:35.0 | be to pump money into the economy and drive down interest rates, basically to stimulate |
| 1:39.2 | borrowing. |
| 1:40.2 | But interest rates are already pretty low. We've learned from Japan that they're just |
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