(Sorry to anyone that gets this show twice. It had to be reloaded to deal with an issue with Feedburner.)
In this week’s episode of Millionaire or Bust, the main topic was the financial media. Since so many people get the financial education they use to make their financial decisions from the media, I thought it was important that we discussed the financial media a bit. But first, we started the show off with the news:
- Wall Street slid Friday at the end of its first 3 week rally of the year.
- In housing news, existing home sales spiked 5% and new home sales spiked 4.7% in February.
- In the bank failure watch, we had our 21st bank failure of the year.
- In auto news, General Motors CEO Rick Wagoner resigned.
- Shopping malls cut hours as Americans watched their wallets.
- And in world news, laid off French workers kept a 3M manager hostage to get a better severance.
Then I talked about the financial media and some things you need to be watchful of when getting your financial education from them. To open your eyes a bit more, I assigned the homework of watching Jim Cramer being interviewed by Jon Stewart of the Daily Show. Some good points were made by Jon Stewart about how the financial media isn’t properly educating people and in fact may be putting them in financial jeopardy. If you haven’t watched the interview already, please do and tell me what you think by voicemail, email or comment on the shownotes of this episode.
- Censored Full Daily Show Episode
- Uncensored Daily Show Interview Clips Only (Warning: Contains Profanity)
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