Posts

Showing posts from October, 2012

Larry Fink on Market Sell-Off: "Market Is Now Responding to the Pending Fiscal Cliff"

Larry Fink, chairman and CEO of BlackRock, on CNBC's Squawk Box, October 26, 2012. Excerpts: Steve Liesman: Let's talk about the recent marekt sell-off. It's been sharp and it's causing a lot of concern. What's the cause in your opinion? Is the market telling us something about the economy that we don't already know? Larry Fink: I think the market is now responding to the pending fiscal cliff. We're starting to approach the election. There's uncertainty about who will be President and how the fiscal cliff will be resolved. CEO's today are pensive about what to do next. They're just sitting back. They're not hiring as much. They're probably not spending as much. So, there's a deceleration in the economy and we all are starting to feel it. Additionally we were expecting a little more resolution in Europe. We're waiting for Spain to act and accept conditionality and that' s probably been delayed by a couple of...

Edward Griffin: 'The Fed's sole purpose: keeping the banks afloat'

Image
G. Edward Griffith, in an address October 10, 2012, from the Casey/Sprott fall summit and posted by Casey Research: Is the Federal Reserve really doing such a bad job… or does it actually do exactly what it's supposed to do, but the average American is in the dark about what that is? In this explosive video, Casey Summit speaker G. Edward Griffin, author of The Creature from Jekyll Island , talks about the Fed's real role in the US economy and why – contrary to common belief – it is not this banking cartel's mission to act in the best interest of the American public. Read the full text here .

Sam Zell: America Needs Presidential Leadership, Not Class-Warfare, and a Consensus in Congress, Not One-Party Imposed Laws Like Obamacare

Sam Zell, chairman of Equity Group Investments, on CNBC's Squawk Box October 2, 2012 First Segment Sam Zell, October 2, 2012 Second Segment Sam Zell October 2, 2012 Third Segment Transcript: First Segment: for the next two hours we are joined by one of the top real estate investors in the world. we are lucky enough to have sam zell, the chairman and co-founder of equity group investments here on set. thank you for coming in today. my pleasure, it's fun. nobody knows real estate like you do. we've been watching a lot of different things play out in this space. you were talking with joe off camera about qe3 and what you think about the fed's latest move. how does that shake things up in the real estate world? what does it mean for investing on the commercial and residential side? the best answer i'd give you is that we were beginning to see the excess flow of capital, we're seeing too much capital chas...

Fed's Evans: QE III and Fed's Monetary Policy Easing Will Continue Until Unemployment Falls Below 7%

CNBC's Steve Liesman interviews Chicago Federal Reserve President Charlie Evans October 1, 2012 Rough Transcript: let's get to our newsmaker of the morning. steve liesman joins us from chicago with a very exclusive interview. steve? yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. nice to be here. a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement i...