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Today's Water Cooler

It was mainly free money from the fed. almost 0 interest rates. massive encouragement for people to leverage speculate. the reason those work is you have the green span put in the bernanke put. borrow 99 cents. buy 100 cents worth of assets and don't worry that anything bad is going to happen because the fed has your back. >> you're say we have done nothing since 2008. so is it going to take meltdown for a reset meeting? it sounds like it's going to hit rock bottom somewhere. . >> we're doing the same thing over and over. the top six banks had $6 trillion in assets. they now have $9 trillion. ...

Identity crisis. they will 00 have to have a reset meeting. but on the the bigger scale, there is this. i was speaking to one of the people in charge of the uk's financial system over christmas and i said to him the question, what's the likelihood of the euro collapsing. he said 20%. there's a one in five chance the euro collapses. george soros was talking about how they would be catastrophic for global financial system. and there will be a great big reset meeting for marshall plans and so forth. so we'll see reset meetings. it will happen. >> it's a function of the industrial digital transiti...