Reggie Middleton on Apple's ‘iBubble’, and JP Morgan/Bear Sterns lawsuit
Measured by sheer market capitalization, Apple set a record in August as the most valuable US company the world has ever seen. We ask analyst Reggie Middleton if Apple's next development will be the iBubble! Plus, Obama's mortgage task force finally barked. We discuss the impact of the JP Morgan/Bear Sterns lawsuit and whether it has any bearing on the MBS market today. We also hear from some folks by the New York Stock Exchange about their thoughts on QE3, and what effect the latest round of MBS buying will have on credit availability and home prices for the average American. Plus, who exactly counts as unemployed, and how is it even defined? We break down how the Bureau of Labor statistics measures unemployment in Word of the Day.