I love the Bloomberg Radio Surveillance show in the AM. You can get some of today's show via itunes as a podcast Host Tom Keene & Ken Pruitt always have great guests with loads of information. The ever popular Dr. Doom Nouriel Roubini is a semi-regular guest. Ken was out so Pimm Foxx was the co-host with Tom. It was pretty funny when during the program a few Karl Marx quotes made their appearance. Here is one in full:
"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism"
Thanks for the chuckle Pimm ;-)
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