Washington economist and George Mason University professor, Dr. Don Boudreaux will tell us his views on the economic outlook of the 2012 election and what needs to happen these next 4 years to get the U.S. back on track. Podcast: Play in new window | Download (12.9MB) | Embed
Podcast: Play in new window | Download (12.9MB) | Embed
The Fed meets today to decide what action they will take to revive the economy. Most of Wall Street and the investment world expects some kind of stimulus, and this has been reflected in recent market gains of commodities and precious metals. What will they decide to do, and what …
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The LIBOR scandal continues to simmer behind the scenes. We will take a look at a curious opinion piece on the subject, plus an article that discusses two different forms of manipulation that likely took place. Podcast: Play in new window | Download (12.6MB) | Embed
Podcast: Play in new window | Download (12.6MB) | Embed
Financial markets actually awaited the words of Fed Chairman Ben Bernanke today. The guys report on what he had to say. Plus 200 Ron Paul delegates walked out of the Republican convention en masse yesterday, but the media didn’t even take notice. What does this portend for the future of …
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Ben Bernanke says that economists need to come up with something else besides GDP to measure the pain and suffering felt by the average person. Is Big Ben turning over a new leaf? Podcast: Play in new window | Download (12.6MB) | Embed
Podcast: Play in new window | Download (12.6MB) | Embed
The LIBOR manipulation scandal is making waves, and the waves keep getting bigger. This week, a former Morgan Stanley trader wrote in an op-ed piece at The Financial Times that LIBOR manipulation has been going on since at least 1991! Podcast: Play in new window | Download (12.6MB) | Embed
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Will a four-year probe of potential price manipulation in the silver market may be completed in September? That’s what U.S. Commodity Futures Trading Commissioner Bart Chilton said this week.Also, Britain recession looks much worse than originally thought. The guys discuss on today’s show. Related articles CFTC’s Chilton Sees Silver Probe Concluding This Year …
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This week marked the last confrontation between Ron Paul and Ben Bernanke. When Bernanke testified before the U.S. House of Representatives’ Financial Services Committee, he said that passage of the bill into law would create a “nightmare scenario”. Bernanke said, “There’s a lot of evidence that an independent central bank …
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TODAY on The Freedom News Hour – Surviving Meltdown, the European Central Bank stopped paying an interest at all on overnight deposits by member banks. Overnight deposits plummeted. Does this mean that lending will pick up? Related articles ECB Says Overnight Deposits Fall to Lowest in Seven Months (bloomberg.com) ECB overnight …
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The secret LIBOR investigations are back in the news this week, as Barclay’s Bank settles with U.S. and U.K. regulators for a whopping $453 million…but is this really a large penalty? Meanwhile, 28 banks in Spain get downgraded by Moody’s, and Spain’s short-term debt triples in one month. What are …
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Spain’s 10 year notes hit a record high of 7.21% on June 18 before retreating below the magic 7% figure today. Does this mean the worst is over, or is there more to come? Also, the Fed announces the continuation of Operation Twist, but the markets do not react. The guys discuss why this …
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Spain’s banks got their bailout this past weekend, but the cost of their debt hit 7% anyway today. 7% is the magic number beyond which analysts believe Spain’s debt cannot be sustained. What are the implications? The guys will discuss. Plus, former Green Party presidential candidate David Cobb will be …
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The major media are taking the European financial situation seriously once again. Bloomberg even put out an opinion piece that suggests that the optimistic solution analysts are projecting includes a Lehman-style default. That’s right…they’re saying that a Lehmanesque default is the optimistic solution! Podcast: Play in new window | Download …
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Spain’s bond costs are just a few ticks away from the 7% interest level. Experts and analysts have told us for some time now that 7% is unsustainable. The crisis, as we previously reported, is already upon the Eurozone. How will it react? Join the guys as they discuss it …
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