The Rise of Chimerica
By Barry Ritholtz - July 5th, 2009, 11:15AM
Macro Notes
We don’t want your help because maybe we don’t need itPeter Boockvar
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...
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July 5th, 2009 at 1:08 pm
Holy crap.
Clearly these guys have never bothered to actually compare a CO2 graph with historical temperatures – Or they would observe that carbon is *clearly* a lagging indicator.
It constantly amazes me that people who demonstrate a high intellectual capacity can fail (miserably) to exhibit the least bit of skepticism (or even curiosity), preferring instead to shuffle along with herd..
…But it does help explain as to how we got where we are, ha haa haaa!
July 5th, 2009 at 8:12 pm
Aspen Ideas Festival. Seems this is the only clip available.