It's Official, Global Stocks are a Buy
We have the money-in-the-bank Stephen Roach buy signal - global downturn in 6 months! Load up my friends. Background here.
posted by Donny Baseball at 12:28 PM
Monday, December 03, 2007
About Me
- Name: Donny Baseball
- Location: State of Mind, New York, United States
Previous Posts
- Nothing New Or Irregular About Bloomberg Bias
- Sometimes You Get a Two-fer
- Abu Dhabi...Suckers?
- Team Rudy Fumbles Ball to Fred
- Does the Government Supersize Poor Kids?
- Florida Screws Up Easiest Asset Management Task
- More of That Oil That Is Not To Be Found
- Another Vacation, Another Survey of Liberal Paradise
- No Wonder Chuck Prince Got Fired
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2 Comments:
I don't know... even a stopped clock has the right time twice a day...
I think Paulson's plan is making things worse. But maybe he had no choice, i.e., take the best of the worst policies on the table. But still, it looks bad.
Indeed, of all the boneheaded, politically-inspired interventions, Paulson's gambit is the least boneheaded. But if it goes through, it won't be pernicious in that in makes matters worse, it will be pernicious in that it sets the bad incentives in place for the next wave of financial profligacy in the markets. It is moral hazard plain and simple.
No, Stephen Roach is not even a good broken clock.
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