Two short videos, both worth watching. I check Donald Luskin's blog fairly often, and here are two appearances on Kudlow & Co. in the last week. He edits the videos so you pretty much only hear his opinions.
"Carry trade" refers to borrowing an asset at a low interest rate, and then buying something with the borrowed money that has a higher yield (or that you think is going to appreciate). It is an aggessive form of investing, and right now for big investors (like hedge funds), is a rational thing to do.
This from the Nov. 2nd show
and here from Nov. 9th
Irony: this article follows the one on Fr. Benedict...the gray friars, ever loyal to Franciscan ideals, sleep on the floor!
Posted by: bxgrrl | Thursday, November 12, 2009 at 12:00 AM
Yes, that's IS very ironic. And telling. Who contributes more to the world - Luskin or Groeschel? My vote goes to Fr. Benedict.
Posted by: tomfaranda | Thursday, November 12, 2009 at 11:37 AM