Comments on: Credit Crisis ‘Only Now Beginning’ http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 20:08:08 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Kurt Osis http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-101074 Kurt Osis Sat, 16 Aug 2008 02:52:11 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-101074 I call bullshit on this clown! What kind of hedge fund manager puts all of his assets in cash when he thinks he has a clear out look on the market? I could have sworn that was exactly when you should invest! If he thinks, long and short bets don't have any sense because it increases his Sharpe ratio (the sharpe ratio is a nonsense measure of volatility, by the way) then why the hell doesn't this guy get long volatility? Seriously this point of view is sheer idiocy. He also says, the hedge on deflation is to buy commodities. I'm quite sure that's exactly backwards. I call bullshit on this clown! What kind of hedge fund manager puts all of his assets in cash when he thinks he has a clear out look on the market? I could have sworn that was exactly when you should invest! If he thinks, long and short bets don’t have any sense because it increases his Sharpe ratio (the sharpe ratio is a nonsense measure of volatility, by the way) then why the hell doesn’t this guy get long volatility? Seriously this point of view is sheer idiocy.

He also says, the hedge on deflation is to buy commodities. I’m quite sure that’s exactly backwards.

]]> By: Don Brady http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100513 Don Brady Fri, 15 Aug 2008 02:24:04 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100513 The following mp3 URL should work for the people that had trouble with the video-wrapped one given originally: http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vJKfns7Wea04.mp3 I have followed David Goldman's prior interviews a ywar ago and he was completeky correct on the dim outlook. I suspect he will be proved right again. The following mp3 URL should work for the people that had trouble with the video-wrapped one given originally:

http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vJKfns7Wea04.mp3

I have followed David Goldman’s prior interviews a ywar ago and he was completeky correct on the dim outlook. I suspect he will be proved right again.

]]> By: Josh Neumann http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100512 Josh Neumann Thu, 14 Aug 2008 19:20:54 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100512 Very informative interview. Again, another example of hedge fund investors jumping in and out and creating a worse economy when they could just ride it out and make a nice profit. I'm getting tired of uneducated investors looking for the quick buck and creating a more unstable economy with that get rich quick mentality. Until they begin to look for long term profits, we are going to continue to experience these dramatic market swings. Very informative interview. Again, another example of hedge fund investors jumping in and out and creating a worse economy when they could just ride it out and make a nice profit.

I’m getting tired of uneducated investors looking for the quick buck and creating a more unstable economy with that get rich quick mentality. Until they begin to look for long term profits, we are going to continue to experience these dramatic market swings.

]]> By: mp http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100511 mp Thu, 14 Aug 2008 18:14:42 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100511 For the most part, I don't have a problem with Goldman's financial analysis, but his politics are spooky. It sometimes makes me wonder if he isn't pushing some neocon agenda. For the most part, I don’t have a problem with Goldman’s financial analysis, but his politics are spooky.

It sometimes makes me wonder if he isn’t pushing some neocon agenda.

]]> By: mp http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100510 mp Thu, 14 Aug 2008 17:57:27 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100510 Goldman may be a first-rate financial analyst, but I have a real problem with his politics and downright spooky agenda. Goldman may be a first-rate financial analyst, but I have a real problem with his politics and downright spooky agenda.

]]> By: David Merkel http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100509 David Merkel Thu, 14 Aug 2008 16:05:35 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100509 David Goldman is a bright analyst and underrated. I met him back when he was with First Boston, and I was a mortgage bond manager. His commentary at CSFB and BofA helped make me a better investor. David Goldman is a bright analyst and underrated. I met him back when he was with First Boston, and I was a mortgage bond manager. His commentary at CSFB and BofA helped make me a better investor.

]]> By: Mike in NOLa http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100508 Mike in NOLa Thu, 14 Aug 2008 15:26:34 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100508 Amazing interview. Channels most of us, imagine, even those with Macs :) Who is the interviewer? He seems pretty reasonable and would like to look for more of his work. Amazing interview. Channels most of us, imagine, even those with Macs :)

Who is the interviewer? He seems pretty reasonable and would like to look for more of his work.

]]> By: Josh http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100507 Josh Thu, 14 Aug 2008 13:15:29 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100507 Thanks for posting, I heard most of it last night on the XM radio. He sure sounds like a no-nonsense kind of guy. "Mr. Market will kick their teeth in..." Thanks for posting, I heard most of it last night on the XM radio. He sure sounds like a no-nonsense kind of guy.

“Mr. Market will kick their teeth in…”

]]> By: Vermont Trader http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100506 Vermont Trader Thu, 14 Aug 2008 12:15:03 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100506 that is a great interview... thanks for posting. that is a great interview… thanks for posting.

]]> By: bc http://www.ritholtz.com/blog/2008/08/credit-crisis-only-now-beginning/comment-page-1/#comment-100505 bc Thu, 14 Aug 2008 11:28:44 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/08/credit-crisis-only-now-beginning/#comment-100505 Ya, I cant hear it either... "How you like these Apples?" Ya, I cant hear it either… “How you like these Apples?”

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