This is Matt Taibbi of Rollingstone. The odds of his being correct about anything concerning markets is about 3 billion to 1.
“This is Matt Taibbi of Rollingstone. The odds of his being correct about anything concerning markets is about 3 billion to 1.”
That may be, but anyone with half a brain knows this worldwide low interest rate scam, is just that, a scam and it isn’t engineered by millions of workers, it is engineered by banks, large banks, banks in the pocket of the US central bank “the fed”. If interest rates were allowed to rise as they should, the US along with every other western nation would be in far more financial trouble than they are.
This is 'Rolling Stone' which as no markets/business/economy section, that's why the article is posted under the 'politics' tab. Thinking of this nonsense as business/econ is like thinking of globalwarming as 'science'.
>>This is Matt Taibbi of Rollingstone. The odds of his being correct about anything concerning markets is about 3 billion to 1.
Try to drag your IQ out of the trailer trash lane and think about doing something other than what has lost the conservatives the last election, the media, academia, social conventions, and soon, their means of self-defense. This is for all the marbles, son, and the only obvious conclusion is that something in the way we’ve been playing the game has landed us right here, off balance and unable to see the next punch coming.
Except that the credit default swaps were not declared to have defaulted, when they clearly had. "Residual value" is part of the contract.
It's like your insurance company saying that your car has not been totaled in an accident, when it clearly has, and saying they therefore owe you nothing.