July 24, 2012
Welcome to Capital Account. Another day with record lows for the US Treasury, both the 10-year and the 2-year. Could this be the biggest bubble we have ever seen? We talk to famed investor Dr. Marc Faber, Publisher of the Gloom Boom and Doom Report. He joins us from Agora Financial’s symposium in Vancouver.
As the global economic slowdown continues, we ask Marc Faber, Author of “Tomorrow’s Gold: Asia’s Age of Discovery,” about his short-term outlook on China and what the recent low in Chinese steel futures contracts indicates about the economy.
Also, more reports have come out about the civil and criminal Libor probe. The Wall Street Journal reports more than a dozen traders from at least nine banks are under investigation for rigging interest rates. We have heard a lot about the probe, but not much about the Libor rate itself. What are the alternatives to a benchmark interest rate which is the underpinning of an estimated $550 trillion in financial products? We talk to Bob English, contributing editor for ZeroHedge and EconomicPolicyJournal.com.