Outstanding Interview CNBC Tues Nov 9th 12:18pm EST

Discussion in 'Economics' started by limitdown, Nov 9, 2010.

  1. Fisher was interviewed

    just to paraphrase some of his outstanding comments:

    .. parabolic moves end in parabolic corrections, and this is the bubble of all bubbles,

    .. its going to be worse than the bubble collapse of 2000

    .. we should have bought other country's debts instead of our own "worthless" paper

    anyone else saw that interview?
  2. Where did he see the bubble?

  3. Mark Fisher,

    outstanding investor and trader...

    .. QE2 can only end badly

    .. QE2 was not necessary, QE1 should have been enough

    finally CNBC had something worth watching that actually benefits traders instead of all their partisan politicizing
  4. seriously guys,

    Mark Fisher is the real deal and made in hundreds of zeroes in profits to show....

    CNBC has devalued their worth with their political pandering, but this was one of the extremely rare times that they redeemed themselves

    generally we watch other channels during the trading day, so that we're not surprised by outside market events, but this day one of the traders had it on...

    they need to replay that interview
  5. I like Fisher more than many other pundits, but I don't agree with him here.

    QE2 is not as bad as many people are saying. What I tend to see is strawman bro-science arguments as to why QE2 is bad and why there will be hyperinflation. Let me propose a few things:

    -Nominal Inflation is good(read, very good) after a period of deflation provided wages haven't contracted too sharply.
    -The sky is not falling

    Inflation allows the notional value of people's debt to decrease, and right after a recession they are already in the mindset of saving more and spending less. The next 5 years is an opportunity to reduce national, and personal, debt.

    What I've noticed the past year is that the USD is starting to get some strength in small bursts while the Fed continues to print; this tells me the velocity the fed is using is VERY good. Keep in mind people that the Fed has more accurate data than we, or any pundit on TV, does. Put some faith in the people with ALL the data making decent decisions; a zombie apocalypse is good for no one.
  6. agreed,

    what other nations have never been able to bottle, capture or wrestle is the indominable American Spirit.

    (feel free to start waving the flag here)

    hope springs eternal is our catch phrase,

    something too is only in Equity trading can one not front run, however, in commodity trading one can

    what motivates a super wealthy market mover like Fisher to take the stage after the elections one will not know, just respect his valuable time and contribution and like other things, view it with suspicion

    however, it was a very good interview,

    anyone else get comments or thoughts from it?
  7. "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily, and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers', who are the object of the hatred of the bourgeoisie, whom the inflation has impoverished, not less than of the proletariat. As the inflation proceeds, and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery."
    - The Economic Consequences of the Peace (p.235-6) J.M. Keynes
  8. Ummmm were you born in 2010? Did you miss the crash of 2008?

    What a joke this site is. Bunch of idiots who just want to be heard -- like they matter.

  9. Oh really?

    You mean like getting fat -- sitting on your ass watching Monday Night football while eating McDonalds?

  10. It is funny how desperate people choose to fixate at a fact that might not be true but broadly accepted. What if you are wrong?

    <img src="http://t0.gstatic.com/images?q=tbn:ANd9GcQckuw2EWikA1dLR-zPA-SxlyRhBQyw-J13DuOFQz3vqwxXRaQ&t=1&usg=__uf3PKt0VD0UHoyOwxeMJOVJsVWo=" />

    <img src="http://t3.gstatic.com/images?q=tbn:ANd9GcSQlgo_Hf7TekRkiiskTBFZiHau4f11OLq1dIf8JWD3OiIJyS4&t=1&usg=__tXprHyHUxg2lYjSHexRaeyn7f-0=" />

    Here this will make you happy:


    <div><object type="application/x-shockwave-flash" data="http://www.koreus.com/video/americains-stupides" height="320" width="400"><param name="movie" value="http://www.koreus.com/video/americains-stupides"><embed src="http://www.koreus.com/video/americains-stupides" type="application/x-shockwave-flash" width="400" height="320"></embed></object><br /><a href="http://www.koreus.com/video/americains-stupides.html">Les am&eacute;ricains sont stupides</a> - <a href="http://blog.koreus.com">Koreus</a></div>
    #10     Nov 9, 2010