Thursday, July 16, 2009

Now Roubini sees green shoots - who got to him? - plus other reading material - 2:50

I have always read Roubini, and thought he told it like it was. As time went on, we find out he had some sort of deal with Larry Summers. About the time we found that out, he changed his tune. I'm not ready to call him a trader, but close. U.S. Stocks Rise as Roubini Predicts Recession to End This Year - Bloomberg ****Let me just add, CNBC is now talking about how Roubini moved the market. Roubini has been absent from CNBC for quite some time. Why? Because he might not talk about green shoots. Lately they have been mocking and laughing at him. Now, they are touting his latest prognostication. CNBC, your pathetic, and getting worse by the day. This helps prove you are not a business channel, but a comedy of liars. But just now from Reuters - U.S. may need another fiscal stimulus: Roubini CIT Group’s Bondholders Said to Discuss Debt Swap - Bloomberg Nokia posts 66% drop in second-quarter profit - Sony Ericsson swings to a loss as sales plunge 40% - MarketWatch Cisco cutting up to 700 employees at headquarters - MarketWatch Key U.S. factory index slips, jobless claims tumble - Reuters Here's the original call by CNBC - before that gets full too.

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