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Tonite I will be on Fast Money on CNBC at 5:30pm discussing markets, Larry Summer’s exit, and our cautious (50% cash) bullishness, along with the 10 things making me nervous.
I’ll post the video when it goes live.
Should be fun!
~~~
UPDATE: Video is here
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Initial Jobless Claims for the week ended Feb 18th totaled 351k, 4k less than expected but the prior week was revised up by 3k to 351k. The 4 week average did fall to 359k from 366k, the lowest since Mar '08. Continuing Claims fell by 52k to the lowest since Aug '08. Also, Extended Benefits fell a net 69k. Bottom line, the data still points to a labor market that continues to improve however lumpy the process feels for many. ...
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September 22nd, 2010 at 4:14 pm
also BR’s appearance on Dylan Ratigan’s show.
To bad Dylan didn’t spend or give more time to Barry and Steve Rattner to debate the Swedish Process (as used in the GM/Chrysler resolution (bailout)) as Steve did not believe in that methodology for the financial sector because of the counterparties (interconnectedness) … I think a BS call from Barry and a longer dialog would have been a worthwhile discussion.
September 22nd, 2010 at 4:18 pm
I hope you can find a way to say Summer’s departure made you ever so slightly more bullish …51%?
September 22nd, 2010 at 5:43 pm
Well said on the show Barry. It is great that you have the credibility to have live appearances like this, and that CNBC supports (begrudgingly?) your views.
Thanks for telling it like it is.
The Ship of State turns slowly. Thank you once again for tugging on the helm.
September 22nd, 2010 at 5:57 pm
BR – I am sure you are off LS Christmas card list… Good Job
September 22nd, 2010 at 6:53 pm
Just checked out BR on Fast Money (he was the one without the hair gel).
People commenting in the MSM are usually so cautious and guarded when speaking about the powerful that it dilutes the value of what they say.
Barry (like Bill Fleckenstein, who was also on FM today) is one of the rare one who calls it as he sees it without fear or favor.
BR did a good job pointing out how the people tasked with getting us out of this mess were instrumental in getting us into it.
BTW, when everyone on the Fast Money desk finally throws in the towel and says to buy GLD, is that when I sell?
September 22nd, 2010 at 8:50 pm
Give them no quarter BR. Or was that a different issue?
September 22nd, 2010 at 10:15 pm
BR…poster above says good to “see you without hair gel.” Didn’t you used to do the Spiky Thing…some time back?
Anyway…Thanks for head up…it was a good watch…with or without the spikes and gel! :-)
September 22nd, 2010 at 10:53 pm
BR – If I understood you, I am not sure I get why you think that the Obama administration may get better about business/Wall Street with the departure of Summers. I thought you said he was one of the bankers’ boys and that is why we did not ditch Glass Steegle, etc. Do you think Summers was anti-business? I thought he just did not really get the interplay of policy, financial incentives, and risk. My impression about the Obama administration’s anti-business perception was driven by Axelrod, et al
John
September 23rd, 2010 at 12:44 am
They need to give you a chair. No time for such frivolities?