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Did some feelings get hurt?


At ~5:50, Marc Faber, on CNBC, is asked if the FedRes and ECB central bank(st)ers should have allowed "deleveraging" and its unpleasant consequences. It takes a full minute to set up the question...

I think the co-hostess did NOT like his answer.
Good thing he wasn't in-studio, 'might've got hit with a chair.

Who says financial news is boring? Wink

Entry #531


konaneComment by konane - April 18, 2011, 4:45 pm
Made lots of sense.
Boney526Comment by Boney526 - April 18, 2011, 4:58 pm
We've got to stop this view that our economy is dependent on central banking.

We shouldn't ALLOW central banking. It's destructive to the middle and lower classes, and generally the economy as a whole.
savagegooseComment by savagegoose - April 19, 2011, 8:05 pm
yeah i blame it on those poor people who where born illiterate.

i came out quoting shakespear.

he hehe

i think he meant born to disandvantage and poorly educated but i cant slag off too much, english is his second language.
and faber is one of my fave commentators. if i had listened and acted more i would have cleaned up during GFC

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