by James

Today’s FT contains an interesting article Dr Doom Nouriel Roubini. In it, he conducts a clearly reasoned case for Greece to restructure its debt. While much of what he says is fair and accurate, he has once again gone for broke, and soiled his otherwise professional image with a misleading and alarmist comparison to Argentina. The [...]

by Gregory

Undoubtedly, this is the subject of the last three months: do we have a bubble in the stocks markets? The question is obviously not new and has been raised a million of times in the past without any consequences in terms of policy and futures cycles. However, the question is gaining more attention nowadays, and [...]

by James

Latvia?s frail economic situation has remained at the centre of the global financial debate, even as markets have strengthened over the last couple of months. The subject is of great importance to Russia and Europe investors as the break down of one Baltic state would quickly transmit to the other two, and probably into wider [...]

by James

Regular MM readers know by now that we listen to Roubini. Some of us a lot, the others quite a bit. We all respect his prescient and accurate calls on the credit crunch. Today he was at it again, with an insightful article in the FT: Insolvent banks should feel market discipline. The article laments [...]

by Markus

In my today´s weekly fund update  (CW08) I proposed a combination of both plans, the Geithner and the Roubini plan. Roubini himself must have read it and outlined how a combination of both can look like. CNBC: Dr. Doom: Nationalizing Banks is ‘Market Friendly’ Joint formula: using Geithners stress test for due diligence reasons to [...]

by James

Nouriel Roubini (a.k.a. Dr Doom) has today made some very interesting points about the ruble. He argues that we should now expect a bigger step move down, and I am inclined to agree with him: > Small step moves increase expectations of devaluation, increasing capital flight; > A key reason for preventing a sharp decline [...]

by Gregory

On Monday, the NBER committee determined that a peak in economic activity occurred in the U.S. economy in December 2007. The peak marks the end of the expansion that began in November 2001 and the beginning of a recession. The expansion lasted 73 months; the previous expansion of the 1990s lasted 120 months. The committee [...]

by Markus

Minus 500 points in the DJI. S&P 500, the broader market index, lost even more (in %) than the Dow. Asia was sliding. Roubini and others might open a bottle of champagne.  Prost. Paulson said last night that he “never once considered it would be appropriate to put tax payers money at risk” to bail [...]