This Week on Bear radio: Should congress borrow to fund unemployment insurance?

In this episode veteran Wall Street Banker Bruce Krasting joins us to talk about how the recent congressional legislation to extend unemployment benefits by borrowing even more money is the final straw. According to Bruce, unemployment insurance is small potatoes compared to the trillions in stimulus an bailouts that have been spent so far, but the insanity has to stop somewhere. Bruce also shares his view on how deflation is likely to win out in the short term, and his views on how emotion can irrationally drive individual stock prices high or low.