The Rise of Chimerica
By Barry Ritholtz - July 5th, 2009, 11:15AM
"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...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
Entries (RSS) and Comments (RSS).
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.