At Lehman’s annual meeting held in April of this year, Richard Fuld, CEO of Lehman Brothers, was rumored to have said: "I will hurt the shorts, and that is my goal."
That quote was widely circulated — but it turns out to be wrong. You see, Fuld never actually uttered that phrase. The speech he gave was incorrectly transcribed.
What Fuld actually said was "____________."
You can fill in the blank below
> This morning, I am on CNBC’s Squawk on the Street, at 9:35 am. Overseas markets are trading very heavy, and US Equity Futures are looking pretty rough. Back in January, we discussed our outlook for 2008 — here’s how we saw the year in January, with actualy mid year lows. Index_________2008 Mid Year______2008 Final______Actual…Read More
Merrill’s Chief Economist is not very sanguine on the odds for a quick bounce back.
David Rosenberg, chief North American economist at Merrill Lynch & Co., talks about the May U.S. employment report, the possibility of "stagflation" in the U.S. economy and the outlook for growth.
00:00 Jobs report, outlook for U.S. economic growth
07:31 Home prices; inflation-commodity price link
13:00 Home market outlook; "It’s not stagflation."
15:55 Bond spreads; consumer price inflation
19:41 Is America ready to retire?
Running time 21:05
Last Updated: June 6, 2008 17:49 EDT
Rosenberg Sees ‘No Better’ Than 1% U.S. Growth in 2009: Audio
June 6 2008