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Obama & Your Money
CNBC, Fri. Nov. 7 2008 | 7:31 PM
http://www.cnbc.com/id/15840232?video=922805408
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
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 10th, 2008 at 7:38 pm
I believe that every journalist should be required to state who they voted for and why so we can better interpret “insight” like this.
November 10th, 2008 at 8:13 pm
CNBC … “First in Bu_____t Worldwide”
November 10th, 2008 at 9:10 pm
Describing anything Gasparino spouts as “insight” is being a little generous, don’t you think?
November 10th, 2008 at 9:48 pm
looks like it’s unanimous
November 10th, 2008 at 10:30 pm
heh heh
Why am I not surprised by anyone’s reaction?