Page 5 - Qe 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to b...

in american history is almost treason in my opinion. because he never served. perry told a military gathering, quote, i want to make sure that every young man and woman who puts on the uniform of the united states respects highly the president of the united states. in fact, perry even seems to question obama's patriotism. listen to this. >> you need to ask him. [ inaudible question ] >> i'm saying a good reporter. go ask hm. >> cnn's shannon travis is in iowa. governor perry had a gem for you, i understand, in your cameras? >> that's right. >> reporter: he did have a gem for me. it...

tough enough to withstand another financial shock. >> i think they've injected themselves into a situation that's beyond their comprehension. >> plus a former fed boss paul volcker has a blunt message for the ratings agencies. quit meddling in things you don't understand. we have that candid interview in full. but first, though, we begin with the tide of debt that is causing problems on both sides of the atlantic. this of course with the results of the european banking stress tests out later on today. now, that is seen as one of the -- one of the most debted nations, italy, is of cou...

Spent nearly $6 trillion in terms of tarp, the stimulus in the last six months of qe-2. >> most of that doesn't come out of the debt but the federal reserve. will is a cnn contributor. will, you're a conservative, and you feel minus the tea party, democrats and republicans could have hammered out a deal for the debt ceiling? >> you're telling me the tea party disrupted $13 trillion in debt? i don't think the debt ceiling is the proper thing to hold in stants. if you come out with serious spending cuts, then maybe it's

Since. this is how much money we have printed. a little blip with mike greenspn and the dot-com bubble. look at this. stimulus, qe-2. this is incredible. now i want to show you what is called the excess reserve chart. this chart shows how much is in the repository institution, how much money is in the bank. all right? see if you can see that this is 1960. so all these years this is pretty flat. how much for for 50 years how much money the banks have in reserve they have this in reserve and then they lend it out to people. you will never guess what happens around 2008/2009. oh, here is septembe...