Who’s Your Daddy?
Peter Boockvar, Miller Tabak
After the Citi news, it’s perfectly clear if you’re a bank but it’s been obvious though for a while now, Paulson and Bernanke and Geithner will share custody of the problem children soon. In reality, it’s the taxpayer and based on the action in gold today and in the past 3 trading days and with the $ index at a one week low, the limits of what’s being done may be tested.
A bounce in commodities though will go a long way in helping emerging markets and that’s where the world’s growth has been. Also helping to the lift the futures in the AM is the report of the big size of an Obama stimulus package that will not include tax hikes. The UK is close to unveiling a plan as is the EU. Nov German IFO business confidence # was 3 pts less than expected at the lowest level since Feb ’93. Existing Home Sales are out at 10am.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.