Posts Tagged ‘ Stocks ’
TrimTabs’ Charles Biderman went on CNBC with Rick Santelli to talk about the affect of zero interest rates around the world creating a global recession.
Below: Santelli and Harris discuss Biderman’s earlier comments.
By Chris Hamilton
Once upon a time, there was a thing called a “free-market” and for a time nations strove toward this ideal. To wit, a free market economy was a market-based economy where prices for goods and services would be set freely by the forces of supply and demand and allowed to reach their point of equilibrium without intervention by government policy, and it typically entailed support for highly competitive markets and private ownership of productive enterprises. But power and belief shifted and faith now resides in governmental fiscal policy (spend more, tax less) and central banker interest rate policy (make money ever cheaper) to avoid the free markets down-cycles and extend its up-cycles infinitely. The central bank high priests have determined free markets are better replaced by command economies and further the priests’ purport they know appropriate levels of demand and supply…and absent the achievement of these levels, they will enforce their will even if the Fed’s programs are the likely cause that retards the Fed’s from achieving their stated goals! READ MORE
TrimTabs’ Charles Biderman and Jim Bianco of Bianco Research discuss investment strategy during today’s volatile economic times. For a complete transcript: READ MORE
TrimTabs’ Charles Biderman and Jim Bianco of Bianco research discuss whether or not the Federal Reserve’s tapering has ended a five-year bull market. READ MORE