Karl is really very good. I found him in a link from here and he just makes clear sense about some things esp. the maths around “GDP” boosted by debt and the unsustainability of this and how this ties into either higher future interest rates or higher savings rates. Good to see him posted here.
The US$ is at the high of the day vs the euro coincident with Greek CDS at the wides of the morning by 20 bps to 307 bps following the news this morning. This level is a 2 week high. In sympathy, CDS is wider in Spain, Portugal, Italy and Ireland. Bond yields are higher too and Greek stocks in particular closed down 3.4%. There is also an idiotic rumor out there that the Fed is again going to raise the discount rate after doing so a month ago. While they easily may but likely won't anytime soon, there is...
July 17th, 2009 at 3:00 am
[...] Disclosures « CNBC Report on Roubini; Denninger Response [...]
July 17th, 2009 at 3:35 am
Karl is really very good. I found him in a link from here and he just makes clear sense about some things esp. the maths around “GDP” boosted by debt and the unsustainability of this and how this ties into either higher future interest rates or higher savings rates. Good to see him posted here.
July 17th, 2009 at 8:43 am
A CNBC pump & dump. Roubini should be allowed time on CNBC to rebut CNBCs report.
July 17th, 2009 at 8:46 am
CNBC’s bogus report came out at the same time GE reported their reults – led down by GE financial business, timing was coincidental of course…
July 17th, 2009 at 9:57 am
[...] CNBC Report on Roubini; Denninger Response – Barry Ritholtz [...]
July 18th, 2009 at 10:26 am
[...] CNBC Report on Roubini; Denninger Response – Barry Ritholtz [...]