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MOB #47 – Mortgage Crisis, Google Tanks UAL & Rich Dad Poor Dad Review

September 15th, 2008 · podcasts

On this week’s Millionaire or Bust, we start off telling you about the new release schedule of Millionaire or Bust. The show will be coming out at 8:00 am EST, so that you will have more timely coverage of any news stories. We also discuss the possibility of releasing a mid-week show either Wednesday night or Thursday morning. That show would be 3-5 minutes long to cover any exceptionally important story from early in the week or a couple tips or money saving tools if no high impact stories need to be covered.

Then we talk about oil prices, OPEC and Hurricane Ike. For more information on oil prices, read this article from news.yahoo.com. We also touch on how the major indexes in the Unites States were up for the week, but way down for the year and how the dollar is doing against the Euro and the UK Pound.

As a callback to our prior discussion on Freddie Mac and Fannie Mae, we give the 30 year fixed mortgage price quoted from bankrate.com. We also touch on what some experts believe the mortgage rates might drop to.

Then we give this year’s forecast for corn and soybean harvests and their possible impact on future prices, touch on other factors in the U.S. Economy and some interesting issues in Russia’s. Of course, we can’t neglect the troubling mortgage issues that are rocking the US and world markets and how they’re impacting Lehman Brothers, AIG & Washington Mutual.

If you want to see some ways to save money while buying food, check out Episode 11 of Being Healthy for Busy People which comes out this Thursday.

In strange news, we touch on how an old story about UAL going into bankruptcy in 2002 touched off the loss of 76% of United Air Lines’ stock value in a few hours this week. This event is a concern to investors and is being investigated by the SEC.

To wrap up the show, David gives a review of “Rich Dad, Poor Dad” by Robert Kiyosaki. The book was requested to be reviewed by a listener over a month ago. If anyone else has any books that they’d like to have reviewed, let us know. If not, we’ll be looking for a few on our own.

If you like the show, please head on over to iTunes and give us a nice review. It’s a great way to thank us because it gives us some nice exposure and can help us to get more listeners. Thanks for listening everyone.

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