Ortel: Don’t Believe the Recovery Hype
By Barry Ritholtz - September 4th, 2009, 8:26AM
“The Worst of All Worlds”
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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September 4th, 2009 at 1:21 pm
Barry there seems to be a problem with Yahoo emended videos in Firefox on Mac, it only shows three quarters of the picture:
http://www.hansr.net/myndir/ZZ2209823A.jpg
Is there any chance you could include link to the video on Yahoos site for it in future posts such as this?
September 4th, 2009 at 2:30 pm
The light at the end of the tunnel is a train, not daylight. Charles made several great points. CRE deflation is going to be another crushing blow to the financial sector, but the loss of jobs and benefits as a result of contracting revenues of state and local governments is going be devastating.