Graphs, Electoral College
By Barry Ritholtz - November 3rd, 2008, 7:00AM
Nice depiction by chart:
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 3rd, 2008 at 7:26 am
If we go by CNBC’s ability to call things, I suppose the repeated CNBC full court press early in the mornings with alleged market experts continuing to repeat McCain slogans, e.g. “the markets are pricing in the redistribution of wealth”, “this is the most historic election ever for Wall Street,” shows the graphs must be right.