Ace Greenberg on Charlie Rose (2004, 2008)
By Barry Ritholtz - November 16th, 2008, 3:00PM
Fascinating pair of discussions with the former head of Bear:
10/22/2008:
01/02/2004
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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November 16th, 2008 at 4:19 pm
Is he for real? I would like to hear your comments, Barry, because it seems this guy is off in dreamland with his idea that nothing is really wrong and nothing wrong was done. I almost smashed out the screen listening to MR GREENBURG, but decided I better stop listening and just backed out.