October 16, 2009

The Staggering Incompetence of Tim Geithner

Keith McCullough, Research Edge

Send to a Friend

"When you combine ignorance and leverage, you get some pretty interesting results."-Warren Buffett

Last night CNBC had clips of Maria Bartiromo interviewing Tim Geithner. That was quite the combo. Combining economic ignorance with the levered long leader of the willfully blind is pretty interesting Mr. Buffett, indeed!

On the question of leverage, Geithner proclaimed his mystery of faith stating that "credit is the oxygen"...

On the question of plans to address the Burning Buck... well... Geithner didn't have any...

I couldn't make this up if I tried, but rather than provide Bartiromo with a proactive plan to address the Currency Crisis, Geithner said that he doesn't usually talk about daily activity in the currency markets. Timmy, understanding that the daily...

Read Full Article ››

TAGGED: Maria Bartiromo, China, Alan Greenspan, dollar, Timothy Geithner, Keith McCullough

RECOMMENDED ARTICLES

October 7, 2009
Jeffrey Sachs Rails Against Ex-Fed Chief Greenspan
Real Time Economics
WSJ.com is available in the following editions and languages: Thank you for registering.We sent an email to: Please click on the link inside the email to complete your... more ››
October 15, 2009
Stop Worrying About China (and the Dollar)
Mark Gimein, Big Money
October 13, 2009
Morici Gets China and the Dollar Wrong
John Tamny, RealClearMarkets
Peter Morici is very correct that the dollar has served as the "reserve central banks hold to back up national currencies", and he's also correct that the amount of the gold in the world is limited. The problem lies in his... more ››
October 16, 2009
A Weak Dollar? Not So Much In China
Floyd Norris, New York Times
October 6, 2009
The Chinese Economy: As Good As It Gets?
William Pesek, Bloomberg