Louis talks about the recession, the fucked economy, and hiding money in a safe. The boys also discuss the fragile state of US debt and transient nature of American wealth. Louis later mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 2 of 3.
During times of market volatility, Ameriprise financial advisors hear first-hand the concerns and uncertainty of their clients. Bill Williams, Executive Vice President of the Ameriprise Financial Personal Advisors Group sat down with Ted Truscott, Chief Investment Officer at Ameriprise Financial to discuss some of the most common questions. Questions include: – What are near-term expected market impacts? – Are we at risk for a double dip recession? – What should I discuss with my advisor? – How should I approach investing if I’m near retirement? Or, if I’m several years from retirement? This information is not intended as advice designed to meet the particular needs of an individual investor. Ameriprise Financial, its representatives and its affiliates do not provide tax or legal advice. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information or advice. Ameriprise Financial cannot guarantee future financial results.
July 13, 2011 – Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a US House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing. Click on the following link for analysis from Campaign for Liberty: www.campaignforliberty.org
Introductory Statement by Chairman Carl Levin – From Senate Committee hearings. The credit rating agencies are; Moody’s, Standard and Poors, and Fitch….QUOTE: “Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn MD, R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression.” levin.senate.gov
Complete video at: fora.tv NYU economics professor Nouriel Roubini warns the United States economy can’t handle another financial crisis, which he says is avoidable with the right regulations in place. “The last three US recessions have been caused by asset bubbles going wrong,” says Roubini. “There is a pattern here.” —– Experience talks, conversations and readings from the 92nd Street Y’s vast archive, featuring Nobel Laureates and world leaders, giants of literature and science, legendary entertainers and artists, and the fascinating people who have graced the Y’s stage over the last 75 years. Nouriel Roubini, a professor of economics at New York University’s Stern School of Business, has now written a myth-shattering book about the methods he used to foretell the crisis before other economists saw it coming, entitled Crisis Eco-nomics: A Crash Course in the Future of Finance. Nouriel Roubini served in the White House and the United States Treasury Department. He is the founder and chairman of RGE Monitor, an economic and financial consulting firm, and is an advisor of central bankers around the world. He was named one of the Top 100 Public Intellectuals in the world in 2008 by Foreign Policy magazine, and Fortune magazine has singled him out as one of the market experts who predicted this severe financial crisis.
Global Financial Markets Tremble As Bad Economic News Continues for US US Offers Foreign Aid to Countries Holding Billions in Treasury Securities The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the US handed out a total of .4 billion to 16 foreign countries that held at least billion in Treasury securities, including China (.2 million), Brazil ( million), Russia (.5 million), India (6.6 million), Mexico (6.7 million) and Egypt (5.7 million). China is the largest holder of US Treasury bonds with .1 trillion as of March, according to the Treasury Department. Brazil held 3.5 billion, Russia had 7.8 billion, India owned .8 billion, Mexico held .1 billion and Egypt had .3 billion. www.foxnews.com www.foxnews.com Dismal Jobs Report Fuels GOP Criticism of Administration on Economy Republicans continued to hammer Obama with an infamous chart pushed by his administration during the 2009 stimulus debate which predicted unemployment would stay below 8 percent and that, by this time, the rate would be below 7 percent. www.foxnews.com Global Financial Markets Tremble As Bad Economic News Continues To Pour In truthiscontagious.com US Growth: Slow and Volatile www.nationaljournal.com As the US economy starts to slow down once again, global financial markets are beginning to tremble. Over the past couple of …
May 19 (Bloomberg) — Peter J. Wallison, co-director of financial policy studies at the American Enterprise Institute, talks with Bloomberg Law’s Lee Pacchia about the role the housing market played in the events leading up to the financial crisis in 2008 and his experiences serving as a member of the Financial Crisis Inquiry Commission. Part 2 of a two part interview.
