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I did a long interview with Eric King of King World:

“Author of Bailout Nation. Barry is a frequent commentator on CNBC, Barry Ritholtz is a regular guest on Financial TV. He has guest-hosted Squawk Box on numerous occasions, and also appears regularly on Bloomberg, and Fox. In this interview Barry talks about why the United States is in the situation it is in today.  What went wrong, who were the culprits, Barry also covers a number of other subjects including inflation and how to protect yourself and much more.”

Its a little longer and wider ranging than the typical discussion . . .

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Category: Bailout Nation, Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Podcast: King World News”

  1. JustinTheSkeptic says:

    There is no inflation – it is not getting into the system at anywhere near the rate that is needed to overcome deflation.

  2. Steve Duncan says:

    Interesting article in today’s Boston Globe about inflation.

    Does the borrowing of $2 trillion mean inflation will follow? Not necessarily http://www.boston.com/business/personalfinance/articles/2009/06/13/does_the_borrowing_of_2_trillion_mean_inflation_will_follow_not_necessarily/

    Future inflation is a given. You can’t have a government borrowing $2 trillion and not have significant inflation follow. That’s what everyone believes.

    Well, just about everyone. As I’ve reported before, economist Lacy Hunt and portfolio manager Van Hoisington beg to differ. That’s why I’ve flown to Austin, Texas, – to get a good dose of contrarian view.

    “Irving Fisher saw it first. The man who may have been the greatest American economist wrote about the debt-deflation theory of the Great Depression in 1933.

    “He saw that excess debt controls nearly all the economic variables,” Hunt said in a recent interview. “Think about that for a minute. It’s a very powerful statement – excess debt controls nearly all the economic variables.”

    It means, he explained, that government stimulus won’t do much. Basically, you can’t borrow your way out of excess debt. “The only thing that will allow recovery is the passage of time,” he said.

    * SNIP *

  3. Bruce in Tn says:

    I am reprinted my note from last night’s thread…the Germans have amended their constitution..

    Bruce in Tn Says:

    June 13th, 2009 at 11:21 am
    @Manny:

    And many think we can’t reign in these idiots who are spending us into oblivion…however countries who have determined they will prosper over the next century have decided to reign in spending and force balanced budgets….

    http://www.bloomberg.com/apps/news?pid=20601100&sid=aNTdz8GWuJL8

    Merkel’s Plan to Cap Deficit Spending Wins Backing

    June 12 (Bloomberg) — German lawmakers voted to cap new borrowing by the federal government and ban deficits in the country’s 16 states, approving a constitutional amendment meant to shrink budget deficits after the recession is over.

    The measure proposed by Chancellor Angela Merkel’s government won 58 votes today in parliament’s upper house in Berlin, 12 more than the two-thirds majority required. The lower house passed the amendment two weeks ago.

    …The Germans, when this is all over, will still be players on the world stage. We will be indebted beggers.

    ….It is just the way it is.

  4. call me ahab says:

    BR-

    about 3/4 the way through the podcast- great so far- question- because i was confused when he said it (Eric King) and it appeared you did not have a ready answer when the subject was broached-

    paraphraing- he said-

    “they [FDIC, Treas, Fed?] went to the responsible banks and said you can’t open up any more branches unless you start the same reckless lending as the other banks- and that they would also fine these responsible banks if they didn’t start the same reckless (as practiced by the other banks)”

    ??? is he talking about the CRA? or something else I am unaware of?

  5. call me ahab says:

    last sentence of paraphrase should read-

    “responsible banks if they didn’t start the same reckless lending (as practiced by the other banks)”

    somehow left out “lending”

  6. alfred e says:

    @BnTn: Germany really did that? Way cool.

    You know you can always trust those European Socialists to spend their way to oblivion.

    What with the unions always striking and all.

    So who exactly is still buying all the tripe the MSM has been feeding us about how superior we are?

  7. investorinpa says:

    Barry,

    I heard you were going to be on my local radio this AM (Sat) with Joe Besecker of Emerald Asset Mgmt to talk about your book- unfortunately, I had an early meeting to be at and could not hear it. Since the Big Money show doesn’t podcast their entire broadcast, any chance you can get them to let you post yer snippet on here?