It's
not entirely clearwhy
Roubini's comments in Istanbulare getting
so much playthis morning, but here goes: "I see the risk of a correction,
especially when the markets now realize that the recovery is not
rapid and V-shaped, but more like U- shaped."
I knew enough to exit the market in October 2007 when
Greenspan was still declaring that there was no housing bubble and
the economy was strong. It infuriates me that what he says
still makes headlines. He presided over this whole
mess. Then he says it was a big surprise that no one could
have predicted. Plenty of people predicted it. Just
like Bernake being re-appointed. Watch clips of Bernake from
2006 and 2007. Economy is strong, no problem, no housing
bubble. These guys may be smart but they have proved
themselves incompetent, with no foresight.
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roubini
Posted by as2029 on 5th of Oct 2009 at 09:47 am
It's not entirely clear why Roubini's comments in Istanbul are getting so much play this morning, but here goes: "I see the risk of a correction, especially when the markets now realize that the recovery is not rapid and V-shaped, but more like U- shaped."
speaking of getting play --
Posted by Michael on 5th of Oct 2009 at 09:50 am
speaking of getting play -- why do Greenspan's comments still make the news? What does he know? Nothing, judged by past performance.
Coz Greenspan has been running
Posted by camomile on 5th of Oct 2009 at 10:04 am
Coz Greenspan has been running the show for the past 30 years. He probably knows a bit on the mkt. What do you know btw ? lol
I knew enough to exit the
Posted by Michael on 5th of Oct 2009 at 10:29 am
I knew enough to exit the market in October 2007 when Greenspan was still declaring that there was no housing bubble and the economy was strong. It infuriates me that what he says still makes headlines. He presided over this whole mess. Then he says it was a big surprise that no one could have predicted. Plenty of people predicted it. Just like Bernake being re-appointed. Watch clips of Bernake from 2006 and 2007. Economy is strong, no problem, no housing bubble. These guys may be smart but they have proved themselves incompetent, with no foresight.