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Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

When Global Tentacles Contract

October 22, 2008

Frank TV 102208I recently appeared on CNBC’s “Power Lunch” to discuss whether market turmoil has created the buying opportunity of a lifetime.

During the discussion, I was asked how this downturn differs from previous market cycles and what action might help rebuild the economy. I gave this response:

“I knew that the government was leveraged in debt, and I knew that “Main Street” was leveraged in debt. But Wall Street, just the degrees of leveraging and how that [leverage] had these global tentacles that immediately started to contract … that is what’s very different in this kind of cycle. …

“So I think going forward, people will look at these markets differently. They’re going to look at what’s going to take you out of a recession. I mentioned earlier (that) a fiscal stimulus package on infrastructure would be a great, sustainable way.”

*View the Interview on CNBC the Web Site

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Net Asset Value
as of 10/22/2021

Global Resources Fund PSPFX $6.96 0.05 Gold and Precious Metals Fund USERX $12.52 0.14 World Precious Minerals Fund UNWPX $4.80 0.08 China Region Fund USCOX $8.62 0.04 Emerging Europe Fund EUROX $7.43 0.06 Global Luxury Goods Fund USLUX $25.19 0.26 Near-Term Tax Free Fund NEARX $2.23 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $1.99 No Change