Page 7 - Bubble Burst News Today

Would fire bernanke. mitt romney did not become president. so wouldnt the chances that he just continues to print money? >> oh, hell keep printing. but at some point you have to stop. you cant just print for generations on end. when the time comes, thats the point you may have this bubble burst. >> brian: not only that, countries. couldnt countries go under, too, on top of that? >> yes, they could. that could all happen. yes. the point is, millions of people think that an investment with uncle s...

Their political bubble burst. all that when "now" starts in three minutes. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips caplets dont. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips lady ] live the regular life. phillips.

Down. i want to point all sides of the issue, it is important to know that a lot shadow inventory has not been released and that does include florida. >>neil: have we hit sort of a price point where you talk about the uptick from a year ago, or a month ago, but a lot of the properties, now, are selling for 40 percent or 50 percent off what they were before the whole bubble burst, right? >>guest: it is important to note that a reason we are seeing this upward trend is because of employment. emplo...

But i was looking at the last two quarters of when bush was in office. you are right. we had a bubble burst from the housing crisis which is not bushs economy. lets make sure we understand. there are two parties and the democrats controlled congress for quite some time. this line we heard over and over again do you want to return to what we had before. guess what? thats not bushs economy. you can say it but it isnt true. i could say it looks like brad pitt about it isnt true. >>it is the economy...

New report suggests one of the biggest causes of the economic weakness has rebounded. "the wall street journal" declared the housing bust is over. nearly seven years after the bubble burst. they sought convincing new evidence including increase in home sales and 10% more homes were sold in may than last year. "money" magazine reporter amanda is joining us to break this down. welcomed news for if it is true. do you agree? >> many economists are indeed saying that the moment has finally come. that...

But we get to a point now you cant go below 0. >> thats right. its much harder to make stuff happen. it cant be just a narrow technocratic thing. ben bernanke -- >> who you compare let us say to chauncey gardener. >> he happened to make a speech in which it turned out to be almost verbatim the words of -- >> by the way, thats a reference to being there. if you havent seen the movie, you need to see the movie. >> as long as the shocks arent too big, that system works. but what we got was the moth...

and this is "starting point." ♪ take me to new york id love to see l.a. ♪ >> thats a good way to start your morning. good morning, everybody. that on not on my play list. our panel this morning, ron brownste brownsteins with us, hes a cnn senior political analyst, editorial director at "national journal," will cain is with us, hes a columnist for the blaze.com and ben jones joins us this morning former obama white house special adviser has written a new book called "rebuild the dre...

fires, cars tipped over, a police officer shot at. the shooter still at large this morning. wheres the ticket? from the first time we hear from a baltimore woman who says shes the megawilliamillions winner. she cant present the ticket. sarah palin going rogue hitting the ta"today" show the same day katie couric hosts "good morning america." >> biggest winner, first lady michelle obama opening up the oval office for a white house workout on the biggest loser show. were asking, will ...

To living standards. >> i would say the living standards, like you said that really matter to peoples quality of life have gotten worse. they are much harder. >> what time period? >> over the last two, three decades, absolutely. the buying power of the average household has declined because a lot more is going toward housing. even after the bubble burst, a lot more to health care costs. it costs a lot more to send a kid to college today. so i think in terms of what it takes to have a decent qual...

>> bob: you say extorted. youre like greg making the banks free and clear on this. wounded people. >> dana: the other thing is, lets not kid ourselves. where do you think the $25 billion is coming from? all the consumers -- the people that are paying their bill. >> dana: im paying my mortgage. >> eric: guess what will happen, if the banks doesnt know if the government will break the deal. what will they do? >> bob: officials say the forces will go up. you know what banks run in the hast year whe...