Bill Brinson joins Vince to talk markets and pensions. The health of the PBGC is discussed. Essentially guarantees a minimum payment. Has PBGC gone broke? Bill explains AARP and its business model are discussed. Source Capital(SOR) is explained by Bill. It is a Closed End Trust that focuses on mid-cap value. Why does it trade at a discount? How much is the dividend? How large is the volume? What can you use to hedge the stock? Good for long term income. Fund has access to private placement deals and other preferred share investments. How did the Fed announcement play in Hawaii? Is anyone listening to the Fed? What about the action on the Dow Transport index?
Bill and Vince return to discuss gold. What impact will the euro have on gold? NEM is given the once over. How high can the euro go? Is China having an effect on the yen? Can the EU get their fiscal house in order? How does the Swiss National Bank act here? What would the exporters prefer? Will the EU stress tests restore confidence? Does the EU survive? Is the US in better shape? What are home sales saying about the recovery? Is a tax cut the solution? Potential impact from the Financial Services reform effort? Watch for earnings! Especially the financials!
