Here: http://www.charlierose.com/home
It's the Tuesday July 17 show, when they have the video up. "Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
Not to say it couldn't happen with this downturn, but I think there's some Chicken Little-ism going on among some economists. And certainly you have quite a few of the survivalist-type libertarians out there in the blogosphere who are cheering for another depression. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
A good thing is the strong chance the GOP will be powerless. With a Democrat in the White House and both houses controlled by Democrats some of the pre-conditions for solving and alleviating the conditions exist. At least due to the last tattered shreds from the New Deal they won't rule out "Socialist" (eek!) Solutions from the get-go. But in the current political climate I doubt they will enact the emergency measures needed to slip by an economic crises.
You're younger than I, iirc, and all I can remember from 1980 is what kindergarten felt like. The Letter People and learning my phone number and playing with my friend Andie, whose house smelled weired, and milk break and the kid who stole the flowers we brought for the teacher... Oh, and early morning pony rides. Ponies and milk and cookies is what 1980 felt like to me. "Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
So, technically, it didn't happen, I suppose. ;) Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Can you trust the Fed to do what it´s supposed to do now....? Our knowledge has surpassed our wisdom. -Charu Saxena.
The Dow dropped pretty close to 50% of its value in a matter of a month in '29 and didn't recover until the mid-'50s. The current market's off about 20% from the high last fall, so it's a bear market (which is still rubbish), but nothing like the ferocity of '29.
And, as I said to AT, if we were facing a '29-like crash, then I think it would be the case that Bernanke's probably reacting in roughly the correct way, compared with the Fed of the Great Depression.
But I think Bernanke's overreacting and casting the net too wide on what constitute critical financial institutions. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin