Mind Over Market

Aaron Tasker of the Daily Ticker Interviews Lakshman Achuthan November 29, 2012: The U.S. economy grew 2.7% in the third quarter, up from a previously reported 2% the government reported Thursday. But the guts of the report raised some concern, notably a big increase in inventories and a big downward revision to consumer spending. For most economists, the GDP report provides further evidence of a U.S. economy that's growing modestly, but far from robustly. For Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, the report is a distraction from the real story: the U.S. economy is already in recession. Read more here .

Marc Faber's Presentation to Hedge Funds World Middle East 2012 March 5-8, 2012, Jumeirah Beach Hotel, Dubai, United Arab Emirates Expansive Keynesian monetary and fiscal policies, instead of smoothing economic cycles, is increasing economic and financial markets volatility instead, Dr. Faber contends in this presentation.

Kyle Bass in his November 15, 2012, letter to investors, exposes the flaws in the monetary excesses occurring around the globe and explains why this will end badly. Kyle Bass

In an interview on Bloomberg TV's Market Makers with Stephanie Ruhle on November 16, 2012, Kyle Bass says that Milton Friedman was right when he said the currency union will fall apart when they hit a bump in the road. He thinks Germany will leave in 3 to 4 years to avoid ceding its national sovereignty and funding the wasteful spending of other nations. He would not invest in Europe right now but wait for things to deteriorate further.

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the potential impact of President Barack Obama's reelection on the U.S. economy and financial markets. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg) As a result of the reelection of Obama, there will be more regulatio and a disincentive for business men to hire people and higher taxes. You still have Ben Bernanke and because of money printing, you have very high corporate earnings. The global economic slowdown will affect markets negatively. At a minimum the market will drop at least 20 percent over the next few months. Faber thinks there will be a year-end rally and a cosmetic deal with the fiscal cliff. He believes we are already in recession.

In an interview conducted by Bill Moyers October 26, 2012, Former Special Inspector General for TARP, Neil Barofsky, talks about the need for new reforms in banking regulation and oversight and warns that the financial system is headed for another crisis. Transcript: BILL MOYERS: And now for another reality check -- a far cry from the humbug and rhetorical static afflicting our election campaigns. Let’s talk about something President Obama and Governor Romney barely mentioned in their debates: banking reform. It’s four years since the economic meltdown knocked America and the world to our knees, four years since that massive taxpayer bailout. But if you listened to the candidates, the enormity and severity of this continuing crisis hardly merit notice. Barack Obama pledges change but touts Dodd-Frank, a bulky, watered-down version of financial reform that scarcely makes a ripple in the vast sea of corruption and abuse. Mitt Romney campaigns as the banker’s pal and says he’ll mak...