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Transcripts For CSPAN2 Key Capitol Hill Hearings 20131018

we now have about $1.4 trillion in mortgages on their own balance sheet. making the fed as i previously said the world s largest savings and loan. the fed s goal is to push house prices higher, and in my view, they have no overachieved. i want to look at house prices in a much longer perspective. i hope you can see some of his chart. this is a 60 year history that goes from 1953-2015. it s a slight of the consumer price index versus average u.s. house prices, both indexed to 1953 equal 100. what you can immediately see if you can t read numbers is that there is an extremely strong correlation and mean reversion of house prices to general inflation, which makes sense if you think about it. obviously, with the bubble we went far off that underlying trend, and then with a shriveled house prices came right back. if you can look over on the right hand side they came right back and touched the trend but now have bounced up

Transcripts For FBC MONEY With Melissa Francis 20131219

quantitative easing there is still so much out there they couldn t predict what would happen. the price inflation which is secondary consequence of nk we re in for bigis yet to trouble. melissa: big trouble he says and he is here, the host of the ron paul channel, doctor and former texas congressman ron paul. ron, why are we in big trouble? because we have lived beyond our means and the message now is we ll have to leave beneath our means and a lot of people already suffered that consequence in these last five years. that s why the middle class is you will maker and there is a third of the smaller, a third of the workforce is unemployed or underemployed. there is a greater decrease pansy, some people are making out okay. wall street was pretty happy but the unemployed are not very happy. so this will continue because we have not recognized that when you get when you get distortions from too much federal reserve inflation from the monetary system. there was to be liquidation

Transcripts For CNBC Squawk On The Street 20130103

friday. right now, it s time for squawk on the street. good morning, welcome to squawk on the street, i m melissa lee with jim cramer and brian sullivan. carl quintanilla has the day off. what we saw yesterday earthquake the best day for the s & p and the nasdaq over a year. data out to contend with, an adp number in december, jobless claims, may be taking a breather in today s session, the dow looking to lose about 33 at the open. take a look at the picture in europe. does also look like europe is taking a breather. yesterday, it is worth noting the stock indices there hit 17-month highs. we are seeing a down day almost across the board a road map, starts with the new year s rally, where we go from here. the dow surging more than 300 points, closing at two 12 1/2-m highs yesterday. leadership from technology and financials, a boost today with upgrades. lots in the coming days. the big jobs report tomorrow. oh, yeah, the battle over the debt ceiling and spending cuts. r

The political pressure on Powell is heating up. The Fed chair has a plan for that.

A new wave of political pressure greeted Federal Reserve Chair Jerome Powell and his colleagues as they gathered in Washington this week to discuss the path of interest rates.

Taiwan's Tech Sector Offers Good Growth Opportunities, Compelling Valuations