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.
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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 [...]