Vernon Smith on the housing bubble, Adam Smith, and libertarianism — [VIDEO]

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In light of the upcoming bursting of the Cantor Exchange, Max Keiser have regrets about creating the Hollywood Stock Exchange.

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Max Keiser:

Joe Weisenthal drinks the Kool-Aide

http://www.businessinsider.com/how-the-cantor-exchange-movie-trading-platform-works-2010-3

The CFTC really should be called to account for launching something like this – while the fire is still burning on the various CFTC approved products/contracts responsible for the last two years of economy collapse…

But here’s what I think. Since every media outlet in the world is going to cover this – and everybody who has every ‘dreamed of hollywood’ will be instantly addicted to all news coming out of this . . . the crisis of the last two years will be – like – forgotten (unless you happen to have become homeless or lost your job or house or something).

This is going to be a spectacular bubble and burst and I almost feel bad for having invented it.

Nouriel Roubini on carry trade… and the anemic recovery

Doctor Gloom:

Jim Rodgers on gold: