CNBC Report on Roubini; Denninger Response
By Barry Ritholtz - July 17th, 2009, 12:30AM
CNBC’s original report:
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Karl Denninger
Hat tip Scott Frew
"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
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...
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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 [...]