The Philadelphia Feds manufacturers report for September revealed that despite a sharp slowdown, its prices paid index surged 257 points.

The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

Often President Obama's worst critics are Senator Obama and candidate Obama.

Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.

You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.