Friday, October 30, 2009

Roubini to CNBC We Are in the Mother of All Carry Trades

Nouriel Roubini, Chairman, RGE Monitor, told CNBC Monday.

"There is a wall of liquidity…chasing assets," Roubini told "Squawk Box."

"Now we are in the mother of all carry trades,"
"The reality is that the dollar is the funding currency of the carry trades. Because of that the dollar weakness is going to continue for a while."
"The (stock) markets are pricing in a V-shaped recovery," Roubini said. "If the data surprise on the downside then there is going to be a significant correction."

The price of oil may also be among the assets that will fall.

"It seems to me that this rally in oil prices is way ahead of the economy," Roubini said.

Tags :
Nouriel Roubini max keiser china financial war renege derivative contracts fraud crude oil market bloomberg HK london metal exchange gold bullion etf commodities paris hilton sun tzu The Art of War goldman sachs chinese banking system Bank China opium wars economic warfare Hong Kong GOLD recall federal reserve devaluation stocks bonds loans interest banks crisis depression recession economy obama lies geithner fed G20 meeting peter schiff Jim Rogers cramer marc faber don harrold mish

No comments:

Related Posts Plugin for WordPress, Blogger...