If you listen to most economists, politicians, special interests groups and central bankers, it is never a good time to cut government spending; not even by a miniscule 2%.
Representative Sean Duffy, a Republican from Wisconsin, confronts Federal Reserve Chairman Ben Bernanke about cutting the `fat’ in the budget and makes some rational points to the bubble maestro. Here is a direct link.
I love finding old market cartoons. Years later, the insights remain timeless.
Jim Chanos, founder and president at Kynikos Associates Ltd., and Stephen Roach, a senior lecturer at Yale University and former non-executive chairman for Morgan Stanley Asia, talk about China’s economy. Chanos also discusses U.S. tax policy, the European economy and Herbalife Ltd.’s business model.Here is a direct link.
