Grant schools on the farce of present financial markets

James Grant, publisher of Grant’s Interest Rate Observer, talks about Federal Reserve monetary policy and Bank of Canada Governor Mark Carney’s appointment as the next head of the Bank of England.Here is a direct link.

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ECRI: US recession underway months before any “fiscal cliff”

Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, did an excellent job this morning reiterating the data supporting the ECRI’s US recession call. In this clip he uses rational metrics to clobber the standard nonsense proffered by the bobble heads. Here is a direct link.

And he continues here.

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Taleb on why bailouts and rescues gut strength

Nassim Taleb, author of “The Black Swan,” discusses his new book “Antifragile” and explains why stress and failure are essential to financial stability and strength. Here is a direct link.

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