Interview with Author Matt Taibbi

Matt Taibbi discusses his book "Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America" and the stunning rise, fall and rescue of Wall Street in the bubble-and-bailout era and the inner workings of politics and finance in America.



great talk, unfortunately even though Taibbi has it down and explains it clearly, it is still too complicated for the American public to understand how the system has shafted them and saddled them with 40k$ debt per capita that their children and grandchildren will be paying off assuming we dont go the way of all the previous empires and just simply default after the revolution ...

Marc Faber : corrections can occur in agri commodities as in 2008

Q : Last time when we interacted, you were bullish on wheat, you were bullish on orange juice and you were bullish on sugar. Do you still like all these 3 agri commodities?

Marc Faber : Yes, I still like these commodities, but because they moved up so strongly, I would be a little bit careful about mortgaging my house and buying all these commodities. They will continue to move higher, but corrections can occur. What disturbs me is this kind of universal belief that you have to be in commodities, you have to be in precious metals, you have to be in equities and not in cash because governments - in others words central banks - will keep on printing money and the value of paper money will go down. I agree with that but as I pointed out, we can still get meaningful corrections as occurred in 2008.
in ET Now www.economictimes.indiatimes.com