Arianna guest-hosted CNBC's Squawk Box Wednesday morning, joining Black Swan author Nassim Taleb, former Deputy Treasury Secretary Roger Altman, and Jim Grant of Grant's Interest Rate Observer for a spirited discussion about the economy. Watch a selection of segments from Arianna's guest-hosting stint below.
Arianna shares her ideas on whether the economy has a solid foundation:
Former Deputy Treasury Secretary and Evercore Capital Partners chairman Roger Altman provides feedback on former AT&T CEO Ed Whitacre sitting at the driver's seat of GM when the company emerges out of bankruptcy:
Jim Grant of Grant's Interest Rate Observer on the rebounding of gold prices as central banks around the world print more money:
Black Swan author Nassim Taleb shares his thoughts on how evolution in economic life helps those with the maximum ammount of hidden risks:
Arianna explains how misplaced hope and happiness might bring premature assumptions that the economy is better:
You heard what he said.
Same thing I've been saying.
The symptom is there is just TOO MUCH DEBT out there and not enough money to pay those debts.
He is both correct and incredibly honest.
But the doesn't know what to do about the symptom of too much debt.
So, here's a clue for Nassim.
I hope he takes it.
Debt-free money.
The Chicago Plan for Monetary Reform.
The symptom of the problem is what we call an upside-down monetary system.
The problem itself is actually the failed debt-money system, the one that has been set up and managed by the private Federal Reserve bankers.
The debt-money system is a flawed system, incapable of sustaining itself without ever-increasing quantities of "unproductive" debt.
The link, again, to "How Debt Money Goes Broke."
http://www.financialsense.com/fsu/editorials/2005/1212b.html
We are here*.
Nassim is onto the symptom.
He can't be far from the cause.
10 Million jobs lost since Obama took over
Quadrupled the Federal Deficit in first 100 days in office
Let Black Panthers go scot free after their billy-club voter suppression
Selling out Israel to the Arab world
Now says Iran canhave Nuclear Power, no inspections needed
Redirecting all Iraq combat troops to Afghani instead of bringing them home as promised.
Now says he will tax health care benefits - after criticizing McCain for saying this.
"Loaning" $78 Billion to Chrysler and GM and then they file bankruptcy !
No changes in Wall St. or Banking Regulations. This announced yesterday.
Giving more TARP money to non-bank entities without details being made public.
Where's the transparency??
16 Czar's appointed who only answer to Obama and subvert our system of checks & balances.
AND YOU THOUGHT BUSH WAS BAD? I thought Bush was bad too. But Obama is worse in his first 100 days then Bush was in 8 years. Is this really what you expected when you voted for Obama??
Where do these whack jobs come from.? Its like they have closed their eyes to what 20 years of GOP policy have done to the US. and the world. They are scary.
GOP in power 20 + years Obama 5 short months !
BTW, why do the commntatrs limit good comments on SarahP?
it's your guy who is hanging the dry wall over the fundamental problems and who won't let GM go into Bankruptcy; so it is now a Pension Fund masquerading as a Car Company, and the lobbyists you reference happen to be from the United Auto Workers, after Billions & Billions (thanks Carl Sagan)
of TaxPayer Dollars, Gov Motors will eventually Go Down the Drain, and the Waste we Know Will Happen will have Actually Happened, say Bye Bye Money . . . the Messiah he is NOT!!!
I wish you had given Joe something like this list of boardroom reforms when he asked you what you would do:
1) No compensated executive of the company can sit as a voting board member; the CEO can be an ex officio non-voting member in order to co-ordinate policy;
2) Nominations for board seats can be made by any shareholder with at least 1% of the company's shares, and the proxy statement must include such non-board nominees;
3) Board members must have owned at least $50,000 worth of stock in the company for at least 1 year before being proposed;
4) Board members may not be compensated executives of any company with which the company for whom they are a board member does more than $1 million of business in a year;
5) Board members may not serve on more than three corporate boards
6) Board members should pay their own Officers and Directors insurance premiums
Unemployment is through the roof, and the trend is NOT reversing itself. Trying to put an optimistic spin on it by saying jobs are still being lost...but at a slower rate...is like telling a terminally ill cancer patient, "your tumor is still growing, but at a slower rate". Preposterous and insulting.
There is NO evidence that the economy is getting better. Nada.
Do us all a favor and just say "Thank you" to the Dems for saving your bacon yet again. Go sit at the kid's table.. the adults are talking.
And I AM a Democrat (check my early posts if you don't believe me).
When the May job loss was half of January's job loss and the lowest in 9 months, that's a positive sign . . . for everybody except those invested in Obama's failure.