Of course, it will all be better after we get our Skittle-shatting Unicorn:
...and our first trillion Mo'BamaBucks:
Not to mention my free tank of gas...
Posted on 10/29/2009 8:34:28 PM PDT by blam
Roubini Sees Market Crash All Over the World
By Rocky Vega
10/29/09 Stockholm, Sweden – New York University Professor Nouriel Roubini, who recently saw the recovery as “U-shaped,” is now concerned a dollar rebound will cause global markets to crash.
His main concern is the carry trade in the US dollar. The dollar is being borrowed at near-zero interest rates to then be invested into a wide array of now-popular assets including gold, commodities, equities, credit, and emerging markets. There are simply more dollars available in the system that are chasing the same types of things.
The risk is that the source of capital gain in these asset classes is simply due to the falling dollar, and is little more than a type of inflation. Because of this when the dollar strengthens he says, “you could have a market crash all over the world.”
[snip]
That is the whole purpose of buying commodities in inflation, duh.
If you believe everything, everyone is reporting were basically screwed regardless.
Let’s just get it over with...
Roubini is following the rule of maximum pain to the greatest numbers of investors. Dollar futures are seeing more buy interest, suddenly. Denninger has a small bet on the dollar strengthening, as well. 75 may have been the floor.
What do we non-professors know?
one, theres a Gold bubble
two, the fundamentals are terrible
three, the state run media is declaring it over to help 0.
Four, oil will go up...then it will go down
Article:Moneynews.com
http://moneynews.newsmax.com/streettalk/roubini_global_crash/2009/10/28/278464.html
Cnbc’s Squawk Box Oct. 26- video (8 min)
Roubini on the Economy
http://www.cnbc.com/id/15840232?play=1&video=1308158781
Cnbc’s Squawk Box Oct. 26 - video (3 min)
Roubini’s Parting shots
http://www.cnbc.com/id/15840232?play=1&video=1308224090
Of course, it will all be better after we get our Skittle-shatting Unicorn:
...and our first trillion Mo'BamaBucks:
Not to mention my free tank of gas...
Gold bubble?
Gold supply is essentially finite, and its cost of production is getting close to $400 / ounce. It is a heavily used industrial commodity in the current ‘electronic’ age. It is also the chosen hedge by more than 90% of the world’s population.
Prices will fluctuate during times of political intrigue (’interesting times’) which are guaranteed for the forseeable future. The causes of said fluction are well known, and published daily.
>> That is the whole purpose of buying commodities in inflation, duh.
They’ll crash too.
Gold included.
Industry only uses about 15% of annual gold production - less than the amount of gold used for financial purposes. Jewelry is, by far, the largest use for gold.
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