ArchivesTag : CNBC
Economic Meltdown: The Future of Mortgages
This afteroon I caught an interview with George Soros at Davos, on CNBC. He had a very interesting response when asked specifically how the problem of actual mortgages ought to be dealt with. First he said the current and old model of mortgage lending is broken and must be dumped. His proposal? Require that lending [...]
Full StorySimmons on oil in current environment
Matt Simmons, oracle of oil, on CNBC last Friday, July 12, 2008, in the midst of the banking melt down. The most interesting thing in this video is not what Simmons says, though he is more alarmed than usual, but rather how stunned the MSNBC crew appear to be. Most alarming though is the in-house [...]
Full StoryMatt Simmons Sees $300 Oil
I am always interested when Matt Simmons, author of Twilight in the Desert, appears on the TV and comments on future oil prices. He is an oil analyst with a penchant for telling the truth rather than spinning either overly optimistic or pessimistic stories about peak oil (the day we will have used half the [...]
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