Analysis and Discussion with Roubini Global Economics Chairman and Economic Professor at NYU Stern School of Business Nouriel Roubini (Starting Bell)
Bloomberg, February 20, 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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February 22nd, 2009 at 11:07 am
Which macroeconomic model for gold – Ireland; Greece; Eastern Europe Sovereign Big Bank-GDP Risk or x/2.5x/2.5x completion of a Lammert valuation saturation curve? Time will very soon tell…..
http://www.economicfractalist.com/blog/?p=4
February 22nd, 2009 at 11:51 am
Dr. Doom is almost bullish these days compared to Rosenberg and some of the other’s out there. But as we’ve seen – he’s very quick on the trigger to change his tune.