Broke: The New America Dream
By Barry Ritholtz - November 15th, 2008, 11:00AM
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 15th, 2008 at 12:12 pm
Too depressing for me. Certainly can’t let the wife see it. And we’re not in bad shape.
November 15th, 2008 at 6:47 pm
“Soft Landing” ha! Haven’t heard that term thrown around since Bear Stearns went under.
November 15th, 2008 at 6:56 pm
Continuing with my “positive reporting” of the headlines:
NEWSFLASH: Some stocks are still worth more than they were when you were born!
Sounds like a soft landing to me.
November 15th, 2008 at 10:07 pm
There is a sexiness to an exchange of tuna…..