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.
Tyler Durden of Zero Hedge. Alan Greenpsan lies through his teeth.
You will need to forward to get to her interview. I didn’t mark the start point but it is a ways in.
Chris goes down hard.
“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.
“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