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  • 00:07

    Mike Carr: How To Invest in Fast-Paced High-Tech Economy

    in News

    SO HOW DO YOU INVEST IN THIS FAST-PACED TECH DRIVEN ECONOMY?  I POSED THAT TO MICAEL CARR, THE EDITOR OF PEAK PROFITS – AT PEAK PROFITS REPORT DOT-COM.  MIKE’S STORY IS A GREAT ONE. HE WAS AN AIR FORCE CAPTAIN WHO OVERSAW THE NUCLEAR MISSILE FACILITIES AT THE U.S. STRATEGIC AIR COMMAND WHICH LED HIM TO DEVELOP PATTERN-RECOGNITION QUANT TRADING SYSTEMS THAT HE USES TO THIS DAY. HE SAYS LOOKING AHEAD WITH STOCK INVESTING TAKES NEW STRATEGIES.


     


    33:34-36:40 “I think it is impossible to look ahead 10 to 20 years."


    SO I ASKED MIKE IF WE KNOW THE OVERALL STOCK MARKET WILL RISE BUT WE DON’T KNOW WHICH INDIVIDUAL STOCKS WILL BE WINNERS – WHAT DOES HE SUGGEST?


    “I think the difference now is we need to factor in risk management due to 2 bear markets. Diversification. Treasury bonds only pay 2% to protect wealth. Use options to generate income. Alternative investments like REITS. Reality is these are the companies that prospered in 2008.”


    SO WHERE DO WE TURN IF WE DON’T HAVE A DAY TRADING LURKING INSIDE US?


     DISCLOSURE HERE: MIKE AND I DID AN ONLINE WEBINAR ABOUT HIS PEAK PROFITS PROJECT FOR NEWSMAX WHICH IS STILL UP AND RUNNING.  MORE TO COME WITH MIKE CARR ON A POSSIBLE INVESTOR PANIC CAUSED BY – YOU GUESSED IT – THE MEDIA.


    THAT’S INFORMED NOT INFLAMED.

  • 00:07

    MIKE CARR ON ECB AND NEGATIVE INTEREST RATES: WHAT IS SAYS ABOUT US BANKS

    in Finance

    RECENTLY THE EUROPEAN CENTRAL BANK DROPPED ITS LENDING RATE SO IT IS ACTUALLY A NEGATIVE LENDING RATE.  WHAT DOES THAT MEAN?  AND WHAT EFFECT, IF ANY, WILL IT HAVE ON THE EUROPEAN ECONOMY AND US HERE IN THE U-S.  I ASKED MICHAEL CARR – OF THE PEAK PROFITS DOT-COM – TO EXPLAIN IT.  HE GETS INTO THE PROBLEMS WITH THE REGULATION ON BANKS AND ITS CONTRADICTORY EFFECT ON THE FUTURE ECONOMY.


     


    MIKE AND I WORKED WITH NEWSMAX DOT-COM TO PRODUCE AN ONLINE WEBINAR ON HIS PEAK PROFITS INVESTING SYSTEM WHICH USES HIS PATTERN RECOGNITION QUANT TRADING SYSTEM.  AS WE CONTINUE OUR CONVERSATION, MIKE THINKS THE BIG BANKS HAVE BEEN PUNISHED TOO MUCH FOR THE FINANCIAL CRISIS.


    SO I ASKED MIKE IF HE WOULD HAVE PREFERRED THE TARP MONEY WENT DIRECTLY TO HOME-OWNERS AND NOT THE BANKS TO GET INTO THE ECONOMY QUICKER.  HE SAYS NO.


     


    I HAVE A LITTLE DIFFERENT TAKE ON THAT LAST POINT.  GRANTED, MANY HOME-OWNERS ARE NOT INNOCENT IN THE FINANCIAL MESS.  STILL, MOST CITIZENS AND CONSUMERS WERE AT THE MERCY OF A FINANCIAL INDUSTRY THAT WAS CREATING COMPLEX INSTRUMENTS THAT WERE NOT BEING DISCLOSED AND NO ONE – NOT EVEN THE C-E-O’S OF THESE BIG BANKS – UNDERSTOOD.  PLUS, THE BANKS HAVE HUGE AMOUNTS OF MONEY TO LOBBY AND PAY OFF POLITICIANS.  HOWEVER, THAT SHOULD NOT BE AN EXCUSE FOR A SOCIETY THAT IS SO UN-INFORMED.  STILL, WE HAVE CREATED A SYSTEM WHERE WE NEED THESE BANKS.  MAYBE WE NEED A LITTLE CREATIVE DESTRUCTION ON THE BANKING SYSTEM TOO.  BUT THAT COULD BE A BIG RISK.  FEEL FREE TO GIVE ME YOUR THOUGHTS.


    MORE WITH MIKE CARR IN MY NEXT SEGMENT.  STAY INFORMED NOT INFLAMED.


     

  • 00:05

    SEGMENT: MIKE CARR ON MEDIA BIAS EFFECT AND ISM REPORT

    in News

    WE’RE TALKING MEDIA BIAS AND THE EFFECT THE MEDIA HAS ON THE ECONOMY.  WE SAW IT LAST WEEK.  THE INSTITUTE FOR SUPPLY MANAGEMENT ISSUED AN INCORRECT REPORT ON MANUFACTURING AND THE ECONOMY.  THEY REVISED IT HOURS LATER TO REFLECT A MORE POSITIVE OUTLOOK.  I GOT MICHAEL CARR’S TAKE ON THAT.  HE IS THE EDITOR AT PEAK PROFITS DOT-COM.  AND I ASKED HIM IF THIS WAS AN HONEST MISTAKE.


     


     “Not this was an honest mistake.  Reports with a great work of fiction.  They do a seasonal adjustment to the results.  All of a sudden economy grew.  We don’t know what the report said.  We can watch revisions come in.  Right now we’re seeing revisions slowing down.  We are turning point and see unemployment rise in the coming months.  We have bigger population than at start of the recession.  Unemployment rate is meaningless.  Fewer people supporting the population.   We only get what the reporter feels we need to hear about.”


     


    JD 4:34-4:47: WE’RE TALKING WITH MICHAEL CARR, A FREQUENT CONTRIBUTOR TO MONEY NEWS DOT-COM. TO TAKE THIS FURTHER ABOUT THE EFFECT OF MEDIA BIAS ON THE MARKETS, HE HAS LOOKED AT THE EFFECT OF THE JOBS REPORT ON THE MARKETS.


     


    21:56-22:35 “I did. On the day of the jobs report … more volatile. Significant for short term traders.  Can take advantage of that.  Expect an upward bias in the market that day.”


     


    JD: 4:53-5:29 HOWEVER, MIKE WARNS YOU SHOULD NOT BE TRADING STOCKS ON THIS INFO UNLESS YOU ARE AN EXPERIENCED DAY TRADER WITH LOTS OF TECHNOLOGY TO COMPETE WITH THE BIG TRADING FIRMS.  AND THIS IS PART OF WHAT MIKE OFFERS WITH HIS PEAK PROFITS REPORT -- TRADING SYSTEM. 

  • 00:30

    Mike Pendleton Show

    in Sports

    Mike Pendleton is back on air, talking the Stanley Cup Playoffs and the road to the NBA Finals. How has Steph Curry taken over the NBA? NFL talk about Ray McDonald as well as the latest look in around Major League Baseball.


    Follow Mike Pendleton on Twitter: @MP2310

  • 01:01

    Minority Eye Report Sits Down w/ Host Angela Carr Patterson

    in Women

    You often hear our host, Angela Carr Patterson, interview others and share their passions. Now, the table are turned as Michael Bailey of The Minority Eye Report sits down and interviews our very own Heart Secrets Host about her passion and work with the Fatherless Daughters Movement. Gain a new perspective on Angela as she shares her Heart Secrets. A don't miss show.

  • 00:21

    A Minute with Pastor Mike

    in Christianity

    Living according to the Word of God in todays world.

  • 02:01

    Big Blue Views - TSN's Mike DeCourcy Interview

    in Sports

    Tonight, USBWA Hall of Fame writer Mike DeCourcy from The Sporting News is our guest.  He will give his thoughts on the proposed rule changes, 2015 recruits and more.


    Kristin York returns this week with her Views from the Street.


    And Mike and Michele will be debating something...you just never know what!

  • 00:46

    The Josh and Mike Mike and Josh Show - F the Weather

    in Current Events

    Tonight on a special flood episode of the the show within the show the guys are live from flood to bring you all the latest and greatest weather related news.Somewhere its raining and you need to know where that where is.

  • 00:15

    Episode 00005: This Is Just Another Test. Nothing To Hear Here.

    in Entertainment

    Seriously, I'm just testing out a new pair of headphone/microphone combo headset. I had been consistently unhappy with the quality of myself during these podcasts. My guests sound like they're in studios whereas I sound like I'm gagged & muffled in a garbage can in a warehouse on an island in the middle of nowhere. So, I'll just be rambling on about nothing as I test this headset for playback. Enjoy my pointless rambling.

  • 02:40

    open mic

    in Current Events

    open mic


     

  • 02:00

    Back Talk With Sharona - Let's Chat Shall We?

    in Entertainment

    Join Sharona and guest co-host Zach Law as they discuss Ray McDonald and the Chicago Bears, the incredibly myopic view Deadspin is taking on the issue, and the use of violence against women in movies and shows like Game Of Thrones. Special guest Mike Hart weighs in on the GoT issue. 10:00 a.m. to Noon CDT.