The Next Big U.S. Bubble: Janszen on CNBC

Eric Janszen is interviewed on CNBC by "Street Signs" host Erin Burnett on iTulip.com and the housing bubble fallout : recession and debt deflation.

Category:

News & Politics

Tags:

• housing
• bubble
• stocks
• financinal
• markets
• crash
• alternative
• energy

[ajas95]

It will be interesting to see who finances this Energy Independence Bubble. The fucking New York Port Authority is paying 20% on its muni bonds, Commercial and Residential Real Estate bonds don't even trade. Gov still has a freaking war constraining its budget. States all now have deficits from diminishing tax receipts. Private sector debt is flooding out of munis and banks, into treasury....

Maybe the Arabs will swoop in with money to help us reach energy independence? ROFLMAO!!!

[itulipdotcom]

What did President Clinton #1 do? Cut a deal with Greenspan: cut mil spending and reduce the deficit in return for low interest rates. Look at the boom that created. Not in Orange County or other areas dependent on mil spending, of course. They tanked. Clinton #2 will cut a similar deal. Mil spending down, alt energy spending up.

[123BDG123]

I applaud Mr. Janszen for his efforts to warn people but he shows that he really doesn't understand economics, monetary policy or what lies ahead. Of course, neither do most economists. He's very confident of his future projections but there is a very low probability for his outcomes. He'll likely have been just another voice who knew something was wrong but whose future predictions were inaccurate.

[itulipdotcom]

What are your projections, then?

[123BDG123]

My projections? That any person with an ego large enough to predict very specific outcomes has an intellect small enough to validate ignorance is bliss. I suggest you read some Keynesian and Austrian economic theory, read up on industrial economics, acquaint yourself with two or three theories of money and polish it off with some work on sociology. Then develop some quantitative models to support your positions. Your stock is peaking. Better maximize its economic value while you can. Cheers

[itulipdotcom]

You know, there are sites you can go to for help with your reading and comprehension difficulties.

[tyronebiggums3]

Steve Davis, Economist, U of Chicago:

"bubbles are also called financial development or hiccups"

"the financial system is under 'some' strain"

What a moron.

[itillbeme]

This reporter from CNBC is another example of the lack of ethics in journalism and just a horrible interviewer all around. Geez. Where do they get these reporters.

[disciple90633]

"Everybody owns a home. The housing bubble affected every single american."

Not EVERY SINGLE american owns a home, you idiot. Granted, it's the biggest bubble of the last 25 years, but Erin Burnett is so stupid, it's ridiculous.

[hkhousingboom]

Today is June 9, 2010. Two years after the greatest bubble in US burst. Fun to look back when people denied a bubble in the US in January 2008.

[Carolab]

That's why I call these cable heads "hosts" or "hostesses". Journalists, they are not.

[angrybuttmonkey0]

by the way im just a teenager so dont make fun of meh? :D

[angrybuttmonkey0]

DUDE THATS MY COUSN! MY NAME IS MAX HUGO JANSZEN THIS IS SO COOL! i'l email him and see whats up. :)

[mongobobo]

Eric,

I don't read your site every day but I think you missed the current US Treasury bill bubble we are currently experiencing.

[asierra1492]

The Federal Reserve created both bubbles. Learn Economics!

[pntrain5]

How bout that Infrastructure and Energy theory...turned out Mr. Janszen knew a little bit more than you think given what OBama plan is to revive our economy and create jobs.

[rseveran]

Scrolling: "Only thing worse than a new bubble would be its absence."

That is the unfortunate reality that could occur. The past 15 years have been bubbles and irrational exuberance. The next decade is going to be more conservative.

People will be conservative and shrewd. Careful with money. It's changing right now.