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RICK SANTELLI: SO WHAT’S WRONG, BEN? WHY CAN’T WE GET OUT OF CRISIS MANAGEMENT MODE? THERE’S ALWAYS GOING TO BE SOMETHING.


Jun 19, 2013

On CNBC and all the channels that cover business, we have person after person after person, buy side, sell side, upside, downside.

How is the economy? Economy is great.

What about stocks? You got to buy them.

What if they break? You have to buy the dips.

What’s wrong with the economy? I don’t hear these people saying anything is wrong with the economy.

So what’s wrong, Ben? Why can’t we get out of crisis management mode?

http://www.zerohedge.com/news/2013-06-19/rick-santelli-rages-what-bernanke-so-afraid

 

Seth Klarman: “If The Economy Is So Fragile That Government Can’t Allow Failure Then We Are Indeed Close To Collapse”

When politicians claim that this tax increase or that spending cut will generate trillions over the next decade, they are properly skeptical over whether anyone can truly know what will happen next year, let alone a decade or more from now.

They are wary of grand bargains that kick in years down the road, knowing that the failure to make hard decisions is how we got into today’s mess. They remember that one of the basic principles of economics is scarcity, which is a powerful force in their own lives.

They know that a society’s wealth is not unlimited, and that if the economy is so fragile that the government cannot allow failure, then we are indeed close to collapse. For if you must rescue everything, then ultimately you will be able to rescue nothing.

They also know that the only reason paper money, backed not by anything tangible but only a promise, has any value at all is because it is scarce. With all the printing, the credibility of our entire trust-based monetary system will be increasingly called into question.

http://www.zerohedge.com/news/2013-05-03/seth-klarman-if-economy-so-fragile-government-cant-allow-failure-then-we-are-indeed-

Rick Santelli – The Trouble With Artificially Low Interest Rates (Stocks & Economic Issues)

Jun 6, 2013

Rick Santelli – The Trouble With Artificially Low Interest Rates (Stocks & Economic Issues) economy 2014, economy 2013, stocks, stock market, debt crisis 2013, 2013, 2012, 2014,

 

Ron Paul to Fed: Enough is Enough!

http://www.ronpaul.com/2009-02-10/ron-paul-to-fed-enough-is-enough/

 

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