Discussing why his digital brethren are so caustic and anonymous, with Karl Denninger, Market Ticker blogger.
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Airtime: Thurs. Jul. 9 2009 | :56:0 09 ET
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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July 13th, 2009 at 11:32 pm
Karl writes very interesting articles and he has a way of explaining things average people like me can understand he has quite a little cult following but he is no Barry Ritzholz on the tube