I am writing this on February 5 2010 about two weeks after the broadcast. The signs are now even worse than Roubini indicated. The debt- crisis in Greece in throwing the whole Eurozone into turmoil. The markets are tumbling. U.S Productivity is way up but only because of the downsizing of jobs. It looks very much like harder times ahead for most people. The good Doctor is not always right but unfortunately he seems to be right for the near- term ahead.
That guy Yoshikami-ding-dong is an empty seat, another a-hole on TV acting like he knows s**t. I encourage you to look at the derivative market now and the positions of the top 5 banks. Take JP with 1 trillion in assets and almost 80 trillion in derivative contracts. Goldman Sachs is leveraged to the tune of 900% of its risk based capital. Dont be a moron and believe this is a real rally, when in reality its simply a way for these firms to make more short term profit at the peoples expense.
I'm glad someone had the temerity to call out this over-rated Roubini on being wrong.
This rally was not entirely unexpected. Marc Faber called the March 6 bottom on Bloomberg and foretasted a bear rally. Read: Anatomy of the Bear by Russell Napier to learn how to spot these. More technical analysis; less talk.
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BREAKING NEWS: CNBC AND FOXBUSINESS ANCHORS ARRESTED FOR ILLEGALLY ACCESSING PRIVATE EMAILS AND PHONE CALLS.
THIS IS GOING TO HAPPEN SOON TELL EVERYONE YOU KNOW THIS IS NOT A JOKE.
111WLee 1 year ago
Guy's a genius - no doubt about it.
He might as well start naming specific dates, because he has a freakish ability to weigh the evidence, fundamentals, and trends - and get it right.
Better than the other laughing chumps who pose as experts.
salvatos1 1 year ago
I am writing this on February 5 2010 about two weeks after the broadcast. The signs are now even worse than Roubini indicated. The debt- crisis in Greece in throwing the whole Eurozone into turmoil. The markets are tumbling. U.S Productivity is way up but only because of the downsizing of jobs. It looks very much like harder times ahead for most people. The good Doctor is not always right but unfortunately he seems to be right for the near- term ahead.
ShalomFreedman 2 years ago 2
That guy Yoshikami-ding-dong is an empty seat, another a-hole on TV acting like he knows s**t. I encourage you to look at the derivative market now and the positions of the top 5 banks. Take JP with 1 trillion in assets and almost 80 trillion in derivative contracts. Goldman Sachs is leveraged to the tune of 900% of its risk based capital. Dont be a moron and believe this is a real rally, when in reality its simply a way for these firms to make more short term profit at the peoples expense.
bjizza2 2 years ago 2
Can anyone out there buy a shirt with a wider collar for Nouriel please one day. Damn.
ulysseinvest 2 years ago
I'm glad someone had the temerity to call out this over-rated Roubini on being wrong.
This rally was not entirely unexpected. Marc Faber called the March 6 bottom on Bloomberg and foretasted a bear rally. Read: Anatomy of the Bear by Russell Napier to learn how to spot these. More technical analysis; less talk.
MarcusCMarcellus 2 years ago 2