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Greenspan's Laissez Fairy Tale
Monday, January 9, 2012 - 7:37am | 2636We continue to witness remarkable developments in the intersection of the related fields of economics, finance, ethics, law, and regulation. Each of these five fields ignores a sixth related field – white-collar criminology. The six fields share a renewed interest in trust. The key questions...
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Alan Greenspan: Gold Is Not A Bubble
Tuesday, August 23, 2011 - 9:14am | 762The former most powerful central banker in the world is speaking today, and when he talks markets listen. Former Federal Reserve Chairman Alan Greenspan is speaking in Washington D.C. this morning, and he is making some poignant comments about the U.S. economy, as well as his outlook on gold, and...
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David Rosenberg Says Bye-Bye To The "Put"
Thursday, August 18, 2011 - 1:38pm | 301Yesterday, Dallas Fed President Richard Fisher talked about the "Bernanke put" and the potential end to it. During the late 1990's and the early 2000's, we had the "Greenspan put." David Rosenberg, the notoriously bearish economist from Gluskin Sheff & Associates is saying good bye to those "...
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Gold Takes Out $1,700 and Keeps Going Up in Asia
Monday, August 8, 2011 - 1:57am | 456FRANKFURT - Gold burst through $1,700 an ounce in Asia on Monday as investors dropped riskier assets and ran to the safety of the ancient currency. Markets were sharply down in Asia in the first day of trading after Standard & Poor's downgraded the sovereign debt rating of the US to AA+ from...
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Munger: Megalomania, Insanity Caused Financial Collapse
Saturday, July 2, 2011 - 9:23am | 213Charles Munger, vice chairman of Berkshire Hathaway (NYSE: BRK-A), is known for telling it like he sees it. At a Pasadena conference on Friday, he had a few words to say about financial sector collapse of 2008. "The bubble in America was caused by some combination of megalomania, insanity and evil...
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The Greek Is Getting Serious
Friday, June 17, 2011 - 1:15pm | 158Now this is amusing... The shared currency strengthened against all but one of its 16 major peers tracked by Bloomberg. A solution involving holders of Greek bonds in a new rescue package for the indebted nation has been found, Sarkozy told reporters in Berlin today at a joint press conference...
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How Gullible Are the Markets? EUR/USD Says Very Much So
Friday, June 17, 2011 - 9:33am | 698On Friday, the EUR/USD pair rallied as comments from German Chancellor Angela Merkel and French President Nicolas Sarkozy indicated that a new bailout package for Greece worth nearly 150 billion euros would come sometime in July, Reuters reported. The markets moved higher on the news. In the U.S...
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Former Fed Chairman Greenspan: Let Bush Tax Cuts Expire
Sunday, April 17, 2011 - 5:47pm | 156Former Federal Reserve Chairman Alan Greenspan argued Sunday for the expiration of Bush-era tax cuts, citing the growing budget deficit the United States faces. We should “allow the (President George W.) Bush tax cuts to expire,” Greenspan said on NBC's “Meet the Press” today, calling the economic...
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Alan Greenspan On QE2, Foreclosures And The Economic Recovery (F, V, MA)
Friday, March 4, 2011 - 7:53am | 369During an interview with CNBC this morning, Alan Greenspan spoke about QE2, foreclosures and the economic recovery. “I am assuming that the foreclosures will begin to slow down,” he said. “But the problem we've had is such a large proportion of sales are distressed sales.” Greenspan also said that...
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Lori Ann LaRocco, CNBC Senior Talent Producer & Author, on Investing Education Through Financial Media
Wednesday, August 4, 2010 - 7:06am | 937In this 3-part interview, Lori Ann LaRocco talks about how people may become more educated by engaging in financial media and business news. In Part 1, Lori Ann explains what her job is as CNBC’s Senior Talent Producer and producer of CNBC’s Squawk Box. In doing so, she gives us a...
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Alan Greenspan Sees Pause in Recovery, Stalled Wealth Effect
Friday, July 2, 2010 - 3:54pm | 127Former United States Federal Reserve Chairman Alan Greenspan recently told CNBC that the nation's economy recovery is in the middle of a "typical pause." He asserted a strong connection between the stock market and the economy, stating that the recovery will be driven by the direction of stock...
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Stocks Cheapest In 60 Years (SPX)
Thursday, July 1, 2010 - 5:23pm | 160An interesting strategist joined the Fast Money crew on CNBC this afternoon and argued that U.S. stocks are at their cheapest levels since 1951. To support this thesis, Michael Darda of MKM Partners compared earnings valuations to corporate bond yields. The S&P 500 (SPX) has a so-called...
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America’s Deficit Problem
Tuesday, April 27, 2010 - 5:07pm | 455America’s huge federal deficit and its debt; a subject everybody likes to talk about but nobody likes to do anything about. However, this topic will be at the heart of the conference in Washington, where the new debt commission meets to discuss possible ways to cut down deficits. According to the...
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Former Fed Chief Defends His Role
Wednesday, April 7, 2010 - 3:45pm | 101Former Federal Reserve Chief, Alan Greenspan, has blamed an insatiable global appetite for risky mortgages as the main contributor to the financial crisis. In a hearing with the Financial Crisis Inquiry Commission, he said, “In my judgment, the origination of subprime mortgages -- as opposed to the...
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Citigroup (C) To Face Tough Questions From Financial Crisis Panel
Wednesday, April 7, 2010 - 7:21am | 189Current and former executives of Citigroup, Inc. (NYSE: C) may face tougher questions than they expected when they appear before a panel charged with finding the causes of the financial crisis. The Financial Crisis Inquiry Commission plans to ask very pointed questions of eight current and former...