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CNBC: Poisoned Goods Worth the Lower Cost
By Sandy Sand, Posted by Sandy Sand (about the submitter) Page 2 of 3 page(s)
Excerpts for Hardball, August 10th
BURNETT: So the biggest thing that's different from 20 years ago and that's keeping interest rates where they are is it's global. There are people around the world who have a lot more money, and it is a much more global problem than it used to be.
You know, when you talk about inflation, that's another interesting point because a lot of people like to say-scare monger about China, right, a lot of politicians, and I know you talk about that issue all the time. I think people should be careful what they wish for on China. You know, if China were to revalue its currency or China is to start making, say, toys that don't have lead in them or food that isn't poisonous, their costs of production are going to go up, and that means prices at Wal-Mart here in the United States are going to go up, too. So I would say China is our greatest friend right now. They're keeping prices low and they're keeping prices for mortgages low, too.
(Matthews keeps chugging along totally oblivious to the outrageous things Burnett said.)
MATTHEWS: What about the land prices? I've been reading abut that, watching about that. Are all these houses in the ritzy neighborhoods, like in California, which the whole state is ritzy-are they all overvalued?
(The unexplainable come-on from the wild blue yonder.)
MATTHEWS: Could you get a little closer to the camera?
BURNETT: What-what is it-is it...
MATTHEWS: Come on in closer. No, come in-come in further-come in closer. Really close.
BURNETT: What are you-what are you...
MATTHEWS: Just kidding! You look great! Anyway, thanks. Erin, it's great to-look at that look! You're great.
BURNETT: I don't even know. I'm going to have to go look at the tape here. I'm in a strange location.
MATTHEWS: No, you're beautiful. I'm just kidding. I'm just kidding.
You're a knock-out. Anyway, thank you, Erin Burnett.
BURNETT: All right, Chris. See you later.
MATTHEWS: It's all right getting bad news from you, even, OK? Thanks for coming on HARDBALL.
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