Mind Over Market

The nation's debt as a percentage of the economy is going to cause a fiscal storm, Home Depot Founder Kenneth Langone told CNBC on Tuesday. President Barack Obama's roadmap to reduce the deficit and invest in the future is "generational theft of an enormous magnitude," Langone said in a "Squawk Box" interview. "The fundamentals haven't changed ... And we don't know when the storm is going to hit," he predicted. "It has to happen. If you look at our debt to GDP, eventually you reach a point where there's no turning back." He used an analogy to make his point. "If you had one meal left, and you had your grandchild with you, would you eat if or give it to your grandchild?" He said all people would say "give it to my grandchild." But pursuing the president's vision, he argued, "[Is] eating the grandchildren's breakfast, lunch and dinner right now. And the [grandchildren] ha...

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...