I think he speaks reality.
Side note: It's amazing how everything we own (assets), has gone down in price (deflation); while things we consume (gas, food, utilities, etc), has gone up in price (inflation). Its a double whammy especially when you are making principle and interest payments on 'assets' based on a previously inflated price.
Showing posts with label CNBC VIDEO. Show all posts
Showing posts with label CNBC VIDEO. Show all posts
Thursday, September 24, 2009
Wednesday, September 23, 2009
A little dose of economic reality
Visa chairman says he doesn't see recovery, but stabilization.
Labels:
CNBC VIDEO,
Stock Market Commentary,
VIDEO
Monday, June 29, 2009
CNBC-Larry Levin-"This market continues to be propped up by government intervention and manipulation."
As you all may know, CNBC is just a bunch of noise for nothing. But every once in a while, a nugget comes out. Larry Levin states that this market is manipulated and propped up by the government. At the 2 minute 20 second portion of the clip, listen to what he has to say (2:20).
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