Merry Taper and a Profitable New Year
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME from the notepad of the show's senior executive producer.
Liesman as Nostradamus
OK, half the time we don't know what Steve Liesman is talking about. But we love him and God knows we certainly need him because he's the only one who can translate all that Federal Reserve interest rate, taper, econo-babble for us. And this time he called it. Give the man a cigar!
Check out his call on Dec. 10 right here on the show about whether the Fed may finally start tapering its massive economic stimulus program. And for Steve's awesome call a week before it happened we kinda threw an ad hoc Taper Party Thursday morning. Unfortunately, Joe Kernen drove over a huge pothole on the way to work and missed the top of the show. Becky tweeted out a picture of his stand-in.
@beckyquick wrote: mmm ... @JoeSquawk looks a little different today. What is it? New tie? No ... Must be the jacket.
Joe eventually made it and so did the Santa Klaus rally. The Dow soared almost 300 points after Wednesday's taper announcement.
Merry Taper to all! But the Taper Party didn't stop there! We had an amazing lineup of guests on the show to discuss what happens next: Erskine Bowles, Mickey Drexler, Lennar CEO Stuart Miller, New York Times Columnist Tom Friedman, Blackstone CEO Steve Schwarzman and former Wells Fargo CEO Dick Kovacevich.
So I'll link all the interviews below and give each one a stupid nickname in the spirit of Anchorman. (Dumbing down TV news and dressing up the story for our fake TV Taper Party.) But trust me, unlike 95 percent of TV land out there, these conversations were really smart stuff and definitely worth the time.
· Erskine "Budget Buster" Bowles
· Mickey "I can make you look like a million bucks" Drexler
· Lennar CEO Stuart "Build it and they will come" Miller
· Tom "As the World Turns" Friedman
· Steve "Yes, I have a lot of money" Schwarzman
· Rick "It's a Tupperware, not a Taper, Party" Goings
· Dick "I'm mad as hell and I'm not gonna take it anymore" Kovacevich
Hall of mirrors
We're not sure if his bow tie is a fashion statement or a sign of higher intelligence, but when Jim Grant starts using phrases Fed-Inflated stocks and "hall of mirrors," it surely makes us sit up and take notice.