Daily Archives: October 26, 2009

Nouriel Roubini on CNBC this morning talking about government intervention since March that avoided a near-term depression but is unlikely to achieve the “V” shapped recovery the stock market is pricing.

Speculation has officially gone free-money-mad in the world. Liquidity-dumps from governments are once again pumping bubbles around the globe as reckless players clamour to drive fast, drunk and without any saftey gear. Chinese analyst Andy Xie writes today: “This round … Continue reading →