Aug. 2 (Bloomberg) — Marc Faber, publisher of the Gloom, Boom & Doom Report, discusses China’s economy. Faber, speaking with Deirdre Bolton on Bloomberg Television’s “InsideTrack,” also talks about Chinese stocks and interest-rate policy. (This is an excerpt of the full interview. Source: Bloomberg)
June 30 (Bloomberg) — Bill Fleckenstein, president of Fleckenstein Capital in Seattle, talks about the outlook for the stock market and the possibility that it has lost its “discounting mechanism”.ΒΆ Fleckenstein speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (This is an excerpt of the full interview. Source: Bloomberg)
Borrowing Costs Soar as Credit Crisis Deepens; According to Qwest CEO, Company May Pay Off More Debt in “Shaky” Credit Market; US Bank Bailout May Re-Open Credit Markets, Lower Borrowing Cost
6/10/2010- George Soros said “we have just entered Act II” of the crisis in Europe as fiscal issues worsen and governments are being pressured to curb budget deficits that could cause a double-dip recession, according to a Bloomberg report. “The collapse of the financial system as we know it is real, and the crisis is far from over. Indeed, we have just entered Act II of the drama,” Soros said at a conference in Vienna. He added that the current situation is reminiscent of the 1930s with governments under pressure to reduce their budget deficits while the economic recovery is weak.
