Incredible.
Good follow up to Max’s latest video. Author and financial columnist Justin Fox discusses the High Frequency Trading around the 28 minute mark. I think the question one has to answer is liquidity worth 200 million a day.
You will need to forward to get to her interview. I didn’t mark the start point but it is a ways in.
“Washington — U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is “critically important” that they act in the next two months.”
Get ready for another big bank bailout. Will we see a bank holiday this fall? Max Keiser says 20-25% chance before the end of the year.
Hah!
“Cash for Clunkers has the following elements of spectacle:
- Americans destroying perfectly functional cars
- Americans whose skills are uncompetitive in the global marketplace driving around in fancy new cars
Somewhere in China and India they must be having a good laugh.” – Philip Greenspun
“In a healthy Christian community there will always be differences between the people in them. But the differences were there before anyone talked about it. Talking about our differences, working through them, and not being afraid to say out loud what side of the line you land on is not uniquely Christian, but staying in fellowship while you do it is.”
Denninger reports on the Fed buying back treasuries sold just last week.