The New Yorker's James Surowiecki spoke with Elizabeth Warren, professor at Harvard Law School and the chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), about the importance of transparency in consumer financing, the future of the regulatory system, and what’s good about capitalism. They met in Washington, D.C., on November 5th.
Meredith Whitney on CNBC this morning says “stocks are overvalued across the board with no fundamental root in reality…residential housing still a big problem… recession will return”:
I met Gary Shilling a couple of weeks ago when we were both speaking at The Moneyshow in Toronto. A long time market vet, he has remained steadfastly bearish on the prospects for a consumer-led “V” recovery. Today he sat down with Aaron Task and Henry Blodget to explain why soaring stock markets have so far not changed his thinking on the kind of recovery we are likely to see in 2010-11.
