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Post by jeffolie on Nov 1, 2007 13:13:49 GMT -6
I almost always find the RGE monitor expressing a depressing yet accurate point of view that I agree with entirely. His writing style is complicated but often results in hard hitting quotes. I wish he published daily rather than every 3 to 5 days. His opinion has resulted in his appearances on TV and as a speaker at many events. "And the headwinds slowing down consumption - that is down in October relative to September based on weekly UBS/ICSC and Redbook data on same store chain store sales - are building up: lower home values, lower home equity withdrawal, credit crunch in mortgages and rising default rates in other parts of consumer debt, rising debt servicing ratios as ARMs reset, falling consumer confidence, rising oil and gasoline prices, slowdown in employment growth. At the same side supply side factors (ISM, regional Feds' ISM reports, inventories, durable goods orders) also suggest a significant slowdown ahead in Q4. So as the WSJ put it today the GDP growth is "Not Built to Last"!" www.rgemonitor.com/blog/roubini/ This is an excellent example.
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Post by unlawflcombatnt on Nov 7, 2007 6:14:10 GMT -6
Roubini is the economist who's views I respect the most, followed closely by Paul Craig Roberts and Ravi Batra.
Roubini has been calling for a downturrn in the economy. So far, it appears he was right.
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