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Global Macro Trading Journal
- Thread starter Daal
- Start date
Quote from m22au:
I agree with your "bigger picture" thesis from the last paragraph.
In terms of a BAC backstop - if and when BAC share price declines to $2 and goes to the government for a bailout, how would Obama (or whoever is president at the time) be able to "sell" to the general public the idea that Buffett is being made whole and not taking any hit on his preferred stock?
Obama and Geithner are finished at that point anyway and will be looking to feather their own post-administration beds. Look at what is going on in Europe with the ongoing subjugation of the masses so the bankers don't have to book a loss. Who could have thought this could happen in country after country. Yes, the politicians get voted out of office, but the policies never change.
I very much agree with this
http://www.cnbc.com/id/44372618
Otwist seem to be a done deal, its matter of whether they will do something else more
http://www.cnbc.com/id/44372618
Otwist seem to be a done deal, its matter of whether they will do something else more
Bloomberg's Betty Liu seemed a little confused when she asked uber-bear David Rosenberg if the NFP report 'changed his outlook at all'
http://www.bloomberg.com/video/74755451/
http://www.bloomberg.com/video/74755451/
Quote from Butterball:
Bloomberg's Betty Liu seemed a little confused when she asked uber-bear David Rosenberg if the NFP report 'changed his outlook at all'
http://www.bloomberg.com/video/74755451/
I saw that interview live. It was funny - she forgot that Rosie was one of those in the minority who saw 2011 economic weakness months before everyone else.
Things not looking so rosy in Europe while American dip buyers are busy flipping burgers instead of Eurostoxx futs.