Erin Burnett, the woman famous for saying the following in a discussion on interest rates in China:
You know, when you talk about inflation, that‘s another interesting point because a lot of people like to say—scare monger about China, right, a lot of politicians, and I know you talk about that issue all the time. I think people should be careful what they wish for on China. You know, if China were to revalue its currency or China is to start making, say, toys that don‘t have lead in them or food that isn‘t poisonous, their costs of production are going to go up, and that means prices at Wal-Mart here in the United States are going to go up, too. So I would say China is our greatest friend right now. They‘re keeping prices low and they‘re keeping prices for mortgages low, too.
has now put her size 9 back in her mouth where it seems to belong.
As anchor of the financial news channel, CNBC , a former anchor with Bloomberg TV and a former vice president of the financial company Citigroup, the comment above is a little scary, and then today she feels the need to step away from her speciality subject.
Yeah, because the evil camels of the outback are in leagues with the Taliban. If this is the quality of the minds behind the US financial system it’s no wonder the world is in this current economic crisis.