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Daily Archives: November 24, 2011
Stockman: “Bernanke is to blame”
Good overview of the problems in the dysfunctional Congress, and disastrous monetary policy from the Federal Reserve over the past 20 years, with David Stockman, former director of the Office of Management and Budget in the Reagan administration. Watch the segment here.
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Pimco’s El-Erian on the “terrifying” economic outlook
When the commentators start talking about “terrifying” economic outlooks, we know we are making some important progress to the downside. Not there yet, but markets are moving in the right direction in the price discovery process. Good recap on the … Continue reading
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Chanos: “Chinese banks built on quicksand.”
A worthwhile Bloomberg clip today with Jim Chanos, founder of hedge fund Kynikos Associates Ltd. Chinese banks are” extremely fragile” because the lenders do not have enough capital to offset bad loans. Watch the interview here.
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