Robert Johnson on PBS’ Bill Moyers Journal
By Barry Ritholtz - February 28th, 2009, 4:15PM
Robert Johnson on PBS’ Bill Moyers Journal
part 1
10:11
part 2
7:40
February 28, 2009
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).
March 1st, 2009 at 1:20 am
I think he hit the nail on the head with his remark about the potential for taxpayers to be hurt worse by bankers trying to “double down” to try and recover quicker. I thought he made a great case for canning all of the banking ceos.