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Motley Fool Hidden Gems Investing

Motley Fool Money: 11.06.2009

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 6 November 2009

⏱️ 19 minutes

🧾️ Download transcript

Summary

The unemployment rate hits 10.2%.  Warren Buffett bets big on a railroad.  And the 500 largest non-financial companies in the US hold record amounts of cash.  We talk about what it means for investors, discuss the relative merits of Manhattan’s Pod Hotel, and share three stocks on our radar. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Motley Fool Money. I'm Chris Hill and I'm joined in studio by Motley Fool

0:08.9

Senior Analyst Seth Jason and James Early. Guys, good to see you. Happy Friday, Chris.

0:14.9

And joining us from New York City, where he's up for a conference, our man, Shannon Zimmer

0:19.2

and Shannon. How are you? I'm doing fine, Chris, coming to you live from the pod hotel

0:23.4

where the rooms are one-third the size of normal hotel rooms and three times as expensive.

0:28.1

Are you just towering over everyone at the pod hotel? I feel like Gulliver, yes indeed.

0:32.4

I want all of our listeners to know that time is tough and actually Shannon, I'm not sure

0:36.5

you've been away a couple of days, but it's a contract me negotiations here. Actually,

0:40.4

when you get back, you're going to be paid with knotted twine and abalone shells. So enjoy

0:44.6

that pod hotel while you're there. Well, the engine, that's the current heat the pod hotel,

0:48.2

so it'll work out perfectly. We've actually pulled up the pod hotel outside. Oh my god, it is

0:52.6

women in tight shirts having pillow fights. None of whom are in my room, honey.

0:58.3

Sure, sure. Okay. Fastest savings on to you here at the Miley Coal.

1:03.3

On this week's show, Warren Buffett makes a big bet and Wall Street's latest scandal,

1:08.7

and as always, three stocks on our radar, but we begin with the big macro. On Friday,

1:13.8

the government shared the news that the unemployment rate has hit 10.2%, the first time it has gone

1:19.4

over 10% since 1983. It gets even uglier when you consider if you included people who have

1:26.2

settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5%.

1:33.3

Guys, anyone up for a jobless recovery? Sounds like Spain or somewhere where this really happens.

1:38.2

Yeah, it's always a jobless recovery. However, we've talked about that. They say it's an upturn,

1:42.7

right? They're saying it's an upturn, but unemployment always lags. Yeah, at least it's a recovery.

1:47.4

Yeah, and this isn't really surprising to anyone who's been paying attention to our

...

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