KingWorld Podcast
By Barry Ritholtz - July 13th, 2009, 3:30PM
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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...
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July 13th, 2009 at 7:08 pm
Thanks for finding the time to do a weekly podcast with Mr. Eric King, it was good to hear you vent your anger. For all those who haven’t had a chance to listen to Mr. King’s podcasts, please do so now as he has one of the most intelligent people in the financial world on the show each week (besides Barry, he’s had Bob Precther, people from Barrons, Jim Puplava, Mark Faber, Mr. Markopolis etc.). Thank you both, Barry and Eric, for doing this!
July 13th, 2009 at 7:34 pm
NEW MANTRA: after reading BR’s Bailout Nation, I no longer try to predict the future, instead, I try to determine today. Conclusion: the short term keeps getting shorter.
(wink)