Chris & I appear at the 3 minute mark:
Airtime: Mon. Oct. 18 2010 | :43:0 10 ET
Discussing whether the banks are headed for disaster with a new round of government intervention, with Barry Ritholtz, Fusion IQ; Chris Whalen, Institutional Risk Analytics and CNBC’s Jane Wells.
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
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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October 19th, 2010 at 7:22 am
[...] Disclosures var __halnet_pub = "hgn.tbp"; var __halnet_sz = "728×90"; (window.location == "http://www.ritholtz.com/blog/") ? __halnet_pub_kvs = ";section=homepage;" : __halnet_pub_kvs = ";;"; // var __halnet_zone = "ROS"; « Nationalized Housing Market [...]
October 19th, 2010 at 11:10 pm
“We should have went Swedish on them…”
Best line in an excellent interview.
Obviously Larry & Chris both picked up that reference, but for the sake of the average viewer, I wish CNBC would devote more time to explaining just what that implies. When Swedish banks screwed up royally, their gov’t didn’t just roll over like a bunch of indentured servants, they made absolute b***busters out of themselves and saw to it that the banks paid for what they got from Swedish taxpayers. There was another way, and Bush/Obama apparently ignored it.
October 20th, 2010 at 5:12 pm
Thank you very much for what you are doing on this front. I, and I am sure a countless other folks really appreciate your effots.