Circle of Friends
By Barry Ritholtz - December 19th, 2008, 10:32AM
Via the WSJ:
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...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
Entries (RSS) and Comments (RSS).
December 19th, 2008 at 12:17 pm
Where is the Florida connection?
December 19th, 2008 at 12:22 pm
I bet someone at the Boca Rio country club was the feeder.
A bit more digging and I think the rest of the cockroaches will emerge.
December 19th, 2008 at 8:27 pm
How could all that money disappear? I’m sure a large part of it is somewhere in a Swiss Bank hidden away….And all those unfortunate people get to write off their losses.
December 19th, 2008 at 10:20 pm
One day a real rain is gonna come and wash away all the scum off the streets.
- Travis Bickle