cnbc
Wall Street "Socialism", the new moral hazard
Contrarian position on whether profits should be privatized and losses socialized - that's where this is going - highway robbery of main street by wall street. Thanks Dr. Roubini for making the obvious obvious. A nice deconstruction of self regulation as no regulation.
Peter Schiff - CNBC Government Failure! Bob Barr 2008
Peter Schiff again calling for the Fed and others to just let the recession happen. Or ty to reinflate the bubble [again] and what happens later will be even worse, if you can believe that...
Roubini: Credit losses from the crisis up to $1.6 Trillion
A few months ago, estimates of losses in financial markets related to the subprime credit crunch were around a trillion dollars. And a few months before that, the estimates were around 400 billion.
Now Nouriel is talking about 1.6 trillion dollars of financial losses.
In case anyone thought a bunch of positive signals plucked from government and industry reports equals a shallow recession, Nouriel practically says, "Not so fast...." There are a lot of headwinds for the economy to struggle against.
S&P/Case-Shiller Home Price Index of 20 cities fell 15.3% YOY
They try to tell people to get into dropping markets, because they might be bottoming out. Why? What's the hurry? Even if they bottom out, does anyone expect these bombed out US markets (Miami, Vegas, Phoenix etc) to come right back up like a yo-yo or something? I doubt it....
Ignore the feel good spin, concentrate on the facts off the top of the show. Including some obligatory and off-putting rumours of war...
Roubini: U shaped recession.
This is from the end of April, just saw it. Roubini said this will be one of the most severe recessions in decades. What do you think?
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