Joseph Stiglitz : TARP Returns a Drop in the Bucket Compared to Damage Done

Columbia Professor and Nobel Prize-winning economist Joseph Stiglitz to TechTicker in an interview taped at The Economist's Buttonwood Gathering: "The fact some of the banks paid back what was given to them on very favorable terms...is just a drop in the bucket compared to damage done to the economy," Stiglitz says "If the U.S. government had provided money to ordinary business at zero interest rates what would our economy be like?," Stiglitz wonders. "What we did is give zero rates to banks, they then lent at much higher interest rates; that's the recapitalization. That's the gift."

Marc Faber Market Sell Off On QE2 Announcement

Marc Faber : ....I think QE2 will be interesting to watch , basically what we have is , back in July august investors were very bearish on the market and they talked about the The Hindenburg Omen and that everything would crash and so forth ...and what then happened is that September was very strong and October was reasonably good month as well , and the market has gone from a low on July first of 1010 on the S&P to close to 1200 , and so a lot of QE2 has been discounted and if you were mister Bernanke I suppose that you would probably disappoint investor somewhat with QE2 and watch once the market reaction , if the market really sell-off you can then increase QE2 or launch QE3 , and QE4 and QE5 and so forth , they'll be many more QEs ......etc....

Oct. 26 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks. Faber, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," says more monetary easing could disappoint investors and may prompt a correction in U.S. stocks. (Source: Bloomberg)
Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks.

Marc Faber : the future will be a total disaster,

.. the future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults, and the impoverishment of large segments of Western society” writes Marc Faber in his latest publication of The Gloom, Boom and Doom report.