Here is the link.
Former Pimco economist Paul McCulley discusses the Fed's latest moves to support the economy. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
One of comments:
If printing trillions of dollars and increasing the deficit is not a problem then why should we pay taxes? Just print our tax money!
Another comment:
The stock market is the regurgitation of worthless paper. Corporate debt in the USA is $16 trillion dollars. The vast majority of the corporate DEBT comes from SPECULATION on FUTURE earnings. This is GAMBLING. Period. The US taxpayers should not be paying the GAMBLING DEBTS of Investment Bankers. Paper stocks, bonds, are FOOLS GOLD. The 2 trillion, 300 billion dollars will be used to purchase FOOLS GOLD. The stock market is an alchemy scheme: "worthless paper assets" are converted into legal tender, by an ACT OF CONGRESS.
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