On Friday Bloomberg reported that economist Nouriel Roubini sees light at the end of the tunnel and that there are signs that the recession might be close to over. However, while he sees a U-shaped recovery, there remains a “a risk” of “a double-dip recession.” On Sunday (Oct 4), the same media reported the same Roubini “In the short run we need monetary and fiscal stimulus to avoid another tipping point and to avoid deflation, but now this easy money has already started to create asset bubbles in equities, commodities, credit and emerging markets,". “Markets have gone up too much, too soon, too fast,” Roubini said in an interview in Istanbul yesterday. “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. That might be in the fourth quarter or the first quarter of next year.” This is head spinning.
This is like a weather forecast, it will be sunny tomorrow, but it may rain first. Either way, the forecast is right.
In the meantime, CIT, a lender for thousands of a small and medium businesses, is having big credit problems. While only the big banks like GS, JPM have been in the spotlight, these smaller institutions may be about to collapse. CIT already has. Perhaps Mr. Roubini should focus on what is going on there.
Of course the recession will be over some day, however, Dominique Kahn, French economist, and Managing Director of the International Monetary FundManaging Director, said on Friday: “We will be dealing with the aftermath of the crisis for years to come,”. He also said that some of the “optimism” in the financial markets “is excessive” and that the U.S. financial system is “still in deep trouble.”
Monday, October 5, 2009
Roubini's Weather Forecast
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(843)
-
▼
October
(170)
- Correlation Of All Commodity ETFs
- Correlations Among All Currency ETFs and Gold
- Stock Correlations For September and October 2009:...
- Profit From Oil or Gold Going Up or Down
- BNN Exclusive Interview With Paul Volcker, On the ...
- Japan, The Land of The Setting Sun, Will the U.S. ...
- BMO Launches 9 New ETFs: Novelties And Cannibalism...
- SPY, IWM, XLF, AUY, UCO, EWZ Straddles Update
- Silver Wheaton: SLW vs SLW.TO, Can You Profit From...
- U.S. Jobless Claims Are Above 500,000 For 42 Conse...
- Natural Gas Inventories at New Record High, Analysis
- FSLR Dissappoints, Straddles Go Up
- S&P 500 Index (SPX): The Rally Illusion
- Martin Feldstein: It's Not "Too Big To Fail", It's...
- SPY, IWM, AUY, KGC Straddles Results PM
- Android Kills Garmin, But Garmin May Resurrect
- Has Gold Topped?
- SPY, IWM, XLF, EWZ, AUY, KGC Straddles Results
- Financials Are Scary, But HIG, Hartford Financial ...
- Unemployment Worsens in 371 of 372 U.S. Metropolit...
- USO Backtesting of Daily, Weekly, and Monthly Alerts
- Profit From Oil Going Up Or Down
- Live Tracking of All 115 Leveraged ETFs On the Market
- The Lithium Bubble: One Company's Lithium Reserves...
- ETNs vs ETFs
- Icici Bank (IBN) Down Sharply Today
- First Solar and Vale Report Earnings: Options
- Roubini and the Carry-Trade Bubbles, Where Has He ...
- China Again Says Reverve Currency Should Move Away...
- Forget Gold and Oil: Soft Commodities Are Skyrocke...
- Live Tracking of Top Technology Companies In The M...
- Foreign Currencies Take a Beating
- Aetna Play for Earnings
- Amazon (AMZN) to The Moon... and Back
- New Bombs to Hit The Markets: Commercial Mortgage ...
- Commodities Heading Higher Are Key to Inflation or...
- Food Prices Rise 80% in Developing Countries
- Live Tracking Top Financial Companies
- Option Plays For The Top Stock Movers in The S&P500
- S&P500 Report For Week of October 26: 39 Oversold,...
- The Most Under and Over Valued Commodity ETFs In T...
- Top 20 ETFs to Buy And To Sell Out of 770 ETFs Fo...
- Analysis of SPY and IWM Straddles Chances
- Alternative to Trading Physical Gold Video: GLD to...
- Roubini: Oil To Drop $50, Gold Has Nowhere To Go,...
- Future Mortgage Resets Chart: A Lot of Pain Coming Up
- Housing Sales "Up" In The U.S, But The Devil is in...
- Global Loans, Credits, and Cash Flows Continue to ...
- Top Cellular and Internet Usage Countries in the W...
- Natural Gas Inventories: Storage At Record
- H1N1 Vaccine: Novartis Will Not Deliver In Time
- Huge Volume of November IWM Puts Traded
- World's Largest Pure Gold Coin, Worth $400M
- Options To Protect and Profit From the Market Crash
- Investors Already Find Ways to Invest in Brazil an...
- Live Tracking of all Gold, Silver, Precious Metals...
- Video: U.S. Banks Are Engaged in Fraud
- The Nasdaq is in Thin Air Zone
- Volkwagen: Brazil To Move Up as 2nd Largest Market...
- Stock Market Hits The Point of Diminishing Returns
- Oil Going Parabolic: Straddles Results
- New Site For Live Tracking of All Commodity ETFs. ...
- Apple (AAPL) Earnings Straddles Update: +25% ROI
- King Calls for U.K. Banks to be Broken Apart: Bigg...
- Trading Results Based on Monthly Trade Triangle Al...
- Chicago Exchange to Accept Gold as Collateral for ...
- AAPL and EWZ Straddles Results
- Earnings Straddles for APPL, TXN and ZION
- Brazilian Real Cut To Underweight
- New Site for Live Tracking of All Oil ETFs (Single...
- SPY, IWM, XLF, Miners and Oil Straddles for Market...
- The Top 20 ETFs to Buy and To Sell Out of 776 ETFs
- S&P500 RSI-A Report: 125 Companies to Sell, Only 6...
- How Goldman Sachs Made Their Profits in Q3 Using Y...
- Backtesting of INO's Trade Triangle Tool
- What Oil Will Do in Winter
- UNG Straddles With Expiry Today
- PBR, PetroBras, Now World's Fifth Largest Company
- Natural Gas Report: Storage Overflow in 2.4 Weeks
- A Technique for Making Money Using SPY, GLD, USO, ...
- Dollar Rises Versus Kenyan Currency (Wow)
- UCO, Oil Straddles For November
- Red Alert Triggered For Gold
- Top Performer in 2009: A Builder, +291% YTD
- Van Eeden: Gold to Drop, U.S. Dollar to Rise, Chin...
- Nokia Loses $831M, Stock Down 11%, USD Big Factor
- UNG Straddles Results From Last Week
- The U.S. Dollar: Take One, It's Free.
- A Little Precious Stone Worth $125M, or $92M per O...
- The Great FED Divide Will Kill The U.S. Dollar
- 40% of European Companies Abandon NYSE
- Recent Green and Red Stock Alerts Generated
- 5 Ways to Protect Yourself or Profit From the U.S....
- Natural Gas Play for Tomorrow
- Top 10 Global ETFs To Buy and To Sell Out of All G...
- U.S. Dollar to Fall Further Versus Real
- Kohn, The Fed's No. 2 Man, Says No V-Shaped Recovery
- Live Tracking of All Global ETFs
- New U.S. Dollar Alert Triggered
- Live Tracking of Health Companies Affected by U.S....
-
▼
October
(170)
No comments:
Post a Comment