If you like to listen to Jim Rogers, he certainly makes some interesting arguments here. He warns that the Federal Reserve will go bankrupt; but hopes it will be gone before the country is.
Just in case that doesn't get your attention, Rogers cautions that until the Fed is abolished traders and investors should not to listen to Fed Chair Ben Bernanke.
Nonetheless, Rogers seems to believe Ben Bernanke will end quantitative easing, as planned.
"(Bernanke) says he's going to stop QE2 … I take him at his word since he's said it so many times," explains Rogers. That might be the nicest thing Rogers said about either Bernanke or the Fed during the whole interview.
Is it posturing, or does Rogers really believe the polemic? Judge for yourself in this video.
Rogers dismisses Dr. Ben as "just an Ivy League professor" who has never been right. According to Rogers, Bernanke has been out of ideas since arriving in Washington — and that's a good thing, because what the Fed and Bernanke have done so far has sent us down a path that the economy might never recover from.
The stimulus from two rounds of quantitative easing are only the most recent and public, and have been likened to giving a drunk more booze to avoid a hangover, according to Rogers and many trading economic-types.
At this point, rather than just a hangover, the economic patient is headed for the morgue. Rather than a severe recession or even depression, we've been putting off feeling the pain, stashing a few trillion of bad debt here or there, and hoping it goes away. It won't, in Rogers' view.
If you like to listen to Jim Rogers, he certainly makes some interesting arguments here. He warns that the Federal Reserve will go bankrupt; but hopes it will be gone before the country is.
Just in case that doesn't get your attention, Rogers cautions that until the Fed is abolished traders and investors should not to listen to Fed Chair Ben Bernanke.
Nonetheless, Rogers seems to believe Ben Bernanke will end quantitative easing, as planned.
"(Bernanke) says he's going to stop QE2 … I take him at his word since he's said it so many times," explains Rogers. That might be the nicest thing Rogers said about either Bernanke or the Fed during the whole interview.
Is it posturing, or does Rogers really believe the polemic? Judge for yourself in this video.
Rogers dismisses Dr. Ben as "just an Ivy League professor" who has never been right. According to Rogers, Bernanke has been out of ideas since arriving in Washington — and that's a good thing, because what the Fed and Bernanke have done so far has sent us down a path that the economy might never recover from.
The stimulus from two rounds of quantitative easing are only the most recent and public, and have been likened to giving a drunk more booze to avoid a hangover, according to Rogers and many trading economic-types.
At this point, rather than just a hangover, the economic patient is headed for the morgue. Rather than a severe recession or even depression, we've been putting off feeling the pain, stashing a few trillion of bad debt here or there, and hoping it goes away. It won't, in Rogers' view.
Millions of homeowners in distress are getting some unexpected breathing room — lots of it in some places.
In New York State, it would take lenders 62 years at their current pace, the longest time frame in the nation, to repossess the 213,000 houses now in severe default or foreclosure.
Clearing the pipeline in New Jersey, which like New York handles foreclosures through the courts, would take 49 years. In Florida, Massachusetts and Illinois, it would take a decade.
In the 27 states where the courts play no role in foreclosures, the pace is much more brisk. For more on this, see the full article.
Millions of homeowners in distress are getting some unexpected breathing room — lots of it in some places.
In New York State, it would take lenders 62 years at their current pace, the longest time frame in the nation, to repossess the 213,000 houses now in severe default or foreclosure.
Clearing the pipeline in New Jersey, which like New York handles foreclosures through the courts, would take 49 years. In Florida, Massachusetts and Illinois, it would take a decade.
In the 27 states where the courts play no role in foreclosures, the pace is much more brisk. For more on this, see the full article.
An increase in Venture Capital funding is typically a good indicator that more growth is coming.
CB Insights Quarterly Venture Capital Report for Q1 2011 highlights the recent positive momentum. It reports about $7.5B invested across 738 deals. The following chart shows the top states based on deals and dollars.
Top Venture Capital Firms of 2011 Based on Deal Activity
Kleiner Perkins was the most active venture capital firm in Q1 2011 participating in 23 new and follow-on financings in US-based companies followed closely by New Enterprise Associates. It was a busy quarter for many VC firms with 27 firms participating in at least 7 financing deals in the quarter. Note: You can get the entire Q1 2011 63 page report here.
Below is the list of the top dozen most active VC firms in the US.
