Cut taxes, raise spending = deficit = tbonds issued. We are dumping an additional $1 trillion of tbonds per year into the market because of the Obama / bush deficit economics. We are doing it during a credit crisis, the worst possible time to flood the market with heavily discounted bonds. How can industry find investment in a climate like that?
Markets only liked Prez Elect coz the president is an idiot. But markets won't like Prez Obama. Bush followed Herbert Hoover; Obama will follow FDR. And markets will follow 1929 to 1932.
Can't believe this guy really said all this so long ago....
This far in the future, the market is about to crash for the last time....
x00czar00x 3 months ago in playlist More videos from peacespeech
melissa francis is gorgeous.
stealthpakfa 2 years ago
there goes the dollar
Mattessj 2 years ago
dennis kneale needs a combat boot crazy glued in his mouth permanently.
garyowen4ever 2 years ago
@garyowen4ever
haha nice
WAKExxUPxxAMERICA 1 year ago
Cut taxes, raise spending = deficit = tbonds issued. We are dumping an additional $1 trillion of tbonds per year into the market because of the Obama / bush deficit economics. We are doing it during a credit crisis, the worst possible time to flood the market with heavily discounted bonds. How can industry find investment in a climate like that?
abudabit 3 years ago
His "stimulus package" is going to be the final blow to U.S. economy.
MushroomCloud666 3 years ago 5
He's going to cut taxes so we have a strong consumer base.
thereallurker 3 years ago
we'll see
peacespeech 3 years ago
Markets only liked Prez Elect coz the president is an idiot. But markets won't like Prez Obama. Bush followed Herbert Hoover; Obama will follow FDR. And markets will follow 1929 to 1932.
glassvision 3 years ago 2
Dennis Kneale is a complete and utter IDIOT.
He is the example of why people are broke now. If you listen to jackass market cheerleaders like him, you will go broke.
If you want to keep your wealth, listen to Jim Rogers, Peter Schiff, Ron Paul, etc.
disciple90633 3 years ago 2
AHH BABBLING HEADS
SwobyJ 3 years ago 4
Wow! That was a lot of shouting over each other. I am not sure what the content was.
So what is CNBC telling us?
That we should buy stocks because we are just coming out of a bear market or we should buy because we are in the middle of a bull market??
MengersDisciple 3 years ago