My Comments: In the past months and years I’ve featured the comments of Scott Minerd, the Chairman of Investment and CIO of Guggenheim Partners. This organization is not big, relatively speaking, as they ONLY have about $250 billion under management. (I could live very well on a tiny fraction of what that amount earns every year.)
He appeared on CNBC the other day. In my opinion, he has a terrific grasp of how money works and articulates it very well. If you are interested, click on the image above where you can see and hear what he said. It lasts about 7 minutes.