Charlie Rose has a conversation with Mike McConnell, Director of National Intelligence:
January 8, 2009
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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January 11th, 2009 at 1:41 pm
Interesting. Sadly, no mention of Hussein Kamel in regards to Iraq which leads me to believe it’s an attempt to make the Bush White House look as if it was actually serious about national security.