Listeners’ Questions – February 2, 2011
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Barry from Santa Cruz, CA
You mention several times that Bernanke will be forced to do Q.E. 3 because of his new tax stimulus bill. Do you believe Ron Paul taking over chair of the monetary policy subcommittee will restrict any chance of Q.E. 3?
Jose from Pleasanton, CA
Can you tell us in plain English, as if I were a four year old, how does one profit with burst of the bond bubble? Is there a form of credit default swap we can buy that can help us make some money out of this?
Debbie from Kent, WA
I lost an argument regarding gold last weekend. I said that an ounce of gold would buy a fine man’s suit in 1930 and that the same ounce of gold would buy a fine man’s suit in 2009. The retort was that an ounce of gold would not buy a fine man’s suit in 1980 when the price of gold was around $200.