ghengis86
10-30-2008, 07:19 AM
Bill Fleckenstein sounded a lot like Ron Paul last night on Fast Money (a show i hardly ever watch). Also, Fleckenstein proposed a solution to the FED's targeting of interest rates, and explained how the market could determine interest rates. He mentioned the gold standard a few times and how low interest rate targets by the FED caused the late 90's crash and the recent housing crash. All of the pundits just nodded and smiled and no one disagreed or objected. I was shocked!
check it out:
http://www.cnbc.com/id/15840232?video=910316012&play=1
check it out:
http://www.cnbc.com/id/15840232?video=910316012&play=1