Jim Chanos, president of US-based Kynikos Associates and one of the world’s most famous hedge fund managers, talks to the FT's John Authers about China's property bubble and the implications for the rest of the world. … [Read more...]
Rep. Scott Garrett on Fannie-Freddie
Printing Money
The Daily Show With Jon Stewart Mon - Thurs 11p / 10c The Big Bank Theory www.thedailyshow.com Daily Show Full Episodes Political Humor & Satire Blog</a> The Daily Show on Facebook … [Read more...]
Federal Reserve President James Bullard on Fed’s Dual Mandate
James Bullard comments on the Fed’s dual mandate. Mr. Bullard has been a proponent of quantitative easing 2.0. One may wonder why he favors another round of money printing after hearing him rightly explain that the Fed cannot create jobs. I repeat the Fed cannot create jobs. The only thing the Fed can do is provide price stability. With inflation near zero, what exactly is the purpose of injecting another $600 billion in high powered money into the banking system? Watch the latest video at video.foxbusiness.com … [Read more...]
Senator Bob Corker on the Fed
This is a giant leap in the right direction. The Fed’s dual mandate is harmful to the long-run stability of the U.S. economy. Monetary policy does not create sustainable employment. While I would take Senator Corker’s proposal one step further and take the Fed out of the business of managing the economy, this is a step in the right direction. Urge your Senators and Representatives to get on board with Senator Corker’s proposal to scale back the Fed. … [Read more...]
Featured Video: Debate on Fed’s $600 billion Money Printing Crusade
After watching this video try to you guess which of these Bloomberg guests worked for a major Investment Bank for 30 years? … [Read more...]
Featured Video: CNBC Interview with UPS CEO Scott Davis
UPS has its finger on the pulse of the U.S. economy. The company moves 6% of U.S. GDP each day. UPS’s quarterly earnings reports and management comments offer important anecdotal evidence on the strength of the U.S. economy. UPS CEO Scott Davis is looking for 2% to 2.5% GDP growth next year and a 2-3% increase in holiday sales this year. … [Read more...]
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