Charlie Rose

tabs  09/30/2012 12:12 PM Report

MR Mant you are right in using the word "rebuild" as in the fiscal system at least is broken and is on life support. For...

The important feature of QE3 is the ON GOING nature of the beast. The Federal Reserve is in effect saying that without a continuous stimulus the economy is going to falter and slowly circle the drain. The Fed made this move fully knowing the diminishing returns of the QE programs. What you have is the Fed injecting Liquidity into the system to offset the drag on the economy which the deficit and debt places upon the economy. Meanwhile you have the structural malaise of Taxes, Regulations, Wages and now the Debt hindering economic growth. So now there is a new potential threat and that along with a USD or US Bond crisis potentially looming there is the aweful fact that the economy may slowly just grind to a halt by going into a recession or depression?

As e-mailed to CNBC Friday morning.

tabs  09/30/2012 11:56 AM Report

The most important thing that Mr Monti said was that, "He was proud of the fact that Italy will NOT be the cause of a European debt crisis." One would have thought that the Financial News media would have been all over that comment. In other words the PM of Italy said, that Italy has its fiscal house squared away.

blank  09/28/2012 02:39 AM Report

look at this picture

http://i50.tinypic.com/v45nvs.png

while listening to this song

http://www.youtube.com/watch?v=9OelDoDB9Sw

http://i45.tinypic.com/qqpks8.png

REMant  09/27/2012 11:33 AM Report

I wouldn't consider Monti to not be a politician, having long been an important member of Bilderberg, and among those pushing for greater EU integration. As prime minister he's passed an austerity package of increased taxes, pension and labor market reforms, and measures to fight tax evasion. While Italy may still be a place Machiavelli could relate to, it was not in the end responsible for Michael Lewis' "boomerang." Money is lent to these countries so they can either buy something from the lender, or, more frequently these days, provide something more cheaply, including vacation resorts and villas. The bubble burst not because of anything they did, but because of the mendacity of the ppl who extended them the credit, and want more than anything to rebuild this pipeline, hence their central banks' strategy. The problem is the money isn't worth anything anymore, leaving these countries to fend for themselves. The question is, considering that Monti is obviously as much one of them as his predecessor, whose side he's really on, or the rest of the Bilderbergers, whom, as Carlyle once remarked, believe in "anarchy plus a constable" (http://www.bartleby.com/268/5/2.html). I think it is clear, incidentally, that Merkel got her way with France and Italy more than the other way 'round. (I'm always amazed that after nearly everyone has debunked these canards, Charlie mouths them as if they never were.) And it was, BTW, a Frenchman, not an Anglo-Saxon, who first wrote about circular flow, and provided Adam Smith with his model.