Ilyce Glink Show – Julie Stav, interest rates and the Bailout of Greece – November 6, 2011

Julie Stav on the show. Mortgage interest Rates and the Bailout of Greece. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 6, 2011 on WSB Radio.

Greece – what a country! The nation’s Prime Minister George Papandreou was set to put the proposed Eurozone rescue plan to a popular vote this week and our markets went bananas. The Dow was up, down and back up again before Friday was through.

Next week, the Ilyce Glink program will have its annual tax show, but with all the craziness in Europe, I thought I would do something different this week and welcome my friend Julie Stav to talk about the bailout of Greece.

Julie is one of the top investment professionals in the country. She is the author of New York Times’ best-selling books like Get Your Share: A Guide to Striking it Rich in the Stock Market and Fund Your Future: Winning Strategies for Managing Your Mutual Funds and 401(k). She also hosts the national radio program Your Money with Julie Stav on Univision.

So given that what’s happening with the bailout of Greece is affecting bond markets, mortgage interest rates (which dropped again this week) and citizens of both Main Street and Wall Street, I wanted to get Julie’s opinion of what she thinks we’ve learned so far. Here are some of the takeways she shared with our audience:

  1. The stock market doesn’t like the unknown.
  2. When your economy is propped up by others, you are at their mercy. As George Papandreou learned the hard way, you lose your decision-making power.
  3. Dependence is very often paid for with dignity.

 

I picked Julie’s brilliant brain  on this critical investment topic and others.

You can get more personal finance advice and real estate advice and consumer advice by listening to this radio show and by listening to my other radio shows by simply downloading them to your phone or audio player. You can also read our articles on real estate, credit, and consumer advice articles as well.

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