EconWatch.com > Roubini Still Pessimistic On Economy
[The Big Picture] I love Nouriel, he's just a little ray of sunshine! He reminds me of the Greek Cassandra, who could predict the future, but cursed so that no one believed her.
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[Global Issues Web News] Economic Commentary and Analysis: By Martin Wolf Soaring commodity prices, rising headline inflation and weakening economic growth: for those whose memories stretch back to the 1970s, this combination brings painful memories. It reminds them of the mistakes made by the central banks that accommodated the upsurge in inflationary expectations rather than contained them.
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[Economist's View] Fed Watch: Time to Think About The Other Side?: Hamiltons forecast of Q1 appears reasonable, but I suspect the expectation of a sharp drop in Q2 is overly pessimistic given that the consumer data should pop temporarily as the tax rebate checks roll in, even if only half those dollars are spent. Also consistent with the borderline recession story are the ISM manufacturing and non-manufacturing indexes:
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[Love for Life - A strong immune system means protection from disease. A united community presents an impenetrable front against corruption!] The Feds Role In The Housing Crash of ”07 by Mike Whitney 9th ...: Schiffs calculations may be overly pessimistic, but his reasoning is sound. Once mortgage holders realize that their homes are worth tens of thousands less than the amount of their loan they are likely to “mail in their house keys rather than make the additional mortgage payments.”
[FiNTAG - Hedge Fund News, Views, Opinions and Gossip] HEDGE FUND NEWS @ 31 May 2007: From here, I'll just remind you of that old adage: "The market climbs a wall of worry" --> and the NYSE reported that a record 11.76 BN shares (3.1%) of the total listed shares were sold short by mid-May, with the NASDAQ reporting similar record figures for May.
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