Forbes Intelligent Investing Panel: Plumbing the Recovery's Depths

September 14, 2009

Unemployment is looking grim, but technology, health care and the U.S. government look ready to hire.

With

  • Hilary Kramer, Chief Investment Officer of A&G Capital Research;

  • Dr. Kenneth Shubin Stein, MD, CFA, is the founder of Spencer Capital Management, LLC; and

  • Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

    SINGER: [O]ne of the problems with the situation that we have right now is number one, if you go into almost any retail store today of any time, you'll see many baby boomers working the registers and on the floors because they can't afford to retire, and those jobs typically went to younger people.

    If you go into a Trader Joe's or Whole Foods, you'll see a lot more senior citizens. You'll see a lot of folks that have MBAs. If you get into a limousine these days, very often, your driver is a former stock broker. And at the end of the day, what it comes down to is that undercounted in our statistics are people, to some degree, who have just given up looking for jobs, not really accounted in the labor statistics, or folks who are, to some degree, underemployed. . .

To read the entire Intelligent Investing Panel interview, visit:

http://www.forbes.com/2009/09/14/unemployment-jobs-hiring-intelligent-investing-healthcare.html

We might eat, drink, play and travel our way out of this recession yet. For starters try Cracker Barrel.

W
ith

  • Hilary Kramer, Chief Investment Officer of A&G Capital Research;

  • Dr. Kenneth Shubin Stein, MD, CFA, is the founder of Spencer Capital Management, LLC; and

  • Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

    Forbes: The recession has led to lots of cost-cutting measures. That trip to a Caribbean island is on hold, you only go out to eat for special occasions and the Armani suit will have to wait. However, once people start feeling more confident about the economy, those consumers who are starved for their rack of lamb will be headed to the nearest restaurant. So raise a glass; here's to eventually eating, drinking and traveling our way out of this recession. Clink.

To read the entire Intelligent Investing Panel interview, visit:

http://www.forbes.com/2009/09/14/leisure-dining-travel-intelligent-investing-restaurants.html

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