prompting some to ask if the u.s. stock market reflects reality in the economy. let s talk aboutke)9 this doomy scenario. matt mccall is author of the next great bull market, appropriate title for us, dan matt, and daniel schafer, president and ceo of schafer asset management. matt, obviously, you don t agree with the doomsday scenario, dan, you do have concerns. let s start with your concerns. why do you feel perhaps we are heading for something that doesn t look good whether it s the stock market or the economy? and we realize those are separate things. i m not looking at a doomsday scenario, i m looking at a slow drip down of our economy going into the deflationary depression. we re in the early stages now. the reasons i say this, one of them is they re 40-year cycles. you go back to the 70s, we had an inflationary depression, the 30s was a deflationary so that s the first cycle i look
fund. but is that testimony a risky strategy? matt mccall is the author of the next great bull market. you have been busy. so has jon corzine, apparently. alisyn: there was a cover story that depicted him as a hand-on high-stake risk taker than previously known. he was in to taking risks with this money. what does that tell us? he s ceo of a major company and he s making large trades for his company, checking the market 24/7. that sounds like a gambling addict. if you are doing this for mf global, it tells me he knew something was going on. he made a couple big bets to save this company. alisyn: i d sounds like he knew
it is with glory hull radio .com. the glory hole radio .com. is that the name? yes, you can get my new pod cast. is that on a religious network? yeah. oh boy. matt, what is up with your book? it is next called the next great bull market. you know what i know about vibrators, just imagine if i can get you some money. actually i read the book and i thought it was interesting the only thing bernie madoff was guilty of was getting caught. i thought that was interesting. yes. courtney, finally doing the twitter thing? i joined a couple years ago, but i am officially tweeting now. i need a little chiron like
with the post game wrap up. what is up with the pod cast? it is brand new. you can check it out. it is with glory hull radio .com. the glory hole radio .com. is that the name? yes, you can get my new pod cast. is that on a religious network? yeah. oh boy. matt, what is up with your book? it is next called the next great bull market. you know what i know about vibrators, just imagine if i can get you some money. actually i read the book and i thought it was interesting the only thing bernie madoff was guilty of was getting caught. i thought that was interesting. yes. courtney, finally doing the twitter thing? i joined a couple years ago, but i am officially tweeting now. i need a little chiron like
when we can deliver that, then we have consumers who are better informed and making good decisions and we start to have a competitive market in consumer credit that actually works. works to deliver lower prices and better products just like it should. you ll get more information out there, you ll have a more informed consumer, however that was only one ingredient in the mortgage meltdown. greed was the other both on the industry side and on the consumer side. what do we do to combat that? you know, i want to say part of it was greed and hype. people were signing all kinds of documents that it wasn t clear what was going on in those documents and a lot of people thought they headed one way and headed another. the know before you owe project, is really about the sober look, there s what this thing is going to cost. it says, you know, before you bite something off, check out the size of bite. right. and see what you re going to be involved with here.