Jim Chanos, Larry Summers and Others Discuss the Looming Fiscal Cliff
I saw today that CNBC had one of its trademark countdown-to-doom clocks in the bottom right corner of the screen today. It reminded me of the flashing red oil rig that was on the screen as oil soared to $150 in 2008 during the American oil crisis. Or during the financial crisis when the stock prices of AIG (AIG), Bank of America (BAC) and Citigroup (C) were prominently displayed all day so we could enjoy the panic.
On to serious matters though. Below are some of Wall Street’s most respected thinkers discussing our current worry on the wall we attempt to climb: