Today was a dark day for anyone concerned with financial stability, bubbles and their painful collapse on the real economy. The US Central Bank has now lost all credibility and hope for any prudence or rational thinking.
Gloom, Boom & Doom Report Editor Marc Faber comments on the Federal Reserve deciding not to taper QE today.Here is a direct video link.
Kynikos Associates President and Founder Jim Chanos discusses selling his position in JPMorgan and the credit cycle. Here is a direct video link.
Harvey Miller, a partner at Weil Gotshal & Manges LLP, and David Resnick, president of Third Avenue Management LLC, talks about banking regulation the prospects for another financial crisis. Here is a direct video link.
Cory’s Chart Corner
