We just mentioned the CFO’s saying the same thing yesterday.
Worth watching . . .
Source:
Most Economists Say Recession Has Arrived as Outlook Darkens
PHIL IZZO
WSJ, March 13, 2008
http://online.wsj.com/article/SB120534519452630845.html
>
~~~
Economists Say Recession Has Arrived
March 14, 2008 3:00am by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
Today’s Rumor: Bear Goes Belly Up (Who’s next?)Next Post
Aggressive Comment Deleting & Banning
Yea, but the recession is already in the market. Nothing but up from here!
Interesting comments that I saw over at the housing bubble blog:
http://www.cnbc.com/id/23588079
“Federal Reserve Chairman Ben Bernanke should resign and the Fed should be abolished as a way to boost the falling dollar and speed up the recovery of the U.S. economy, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe Wednesday.”
“‘No country in the world has ever succeeded by debasing its currency,’ he said. ‘That’s what this man is trying to do. He’s trying to debase the currency as a way to revive America.
“A recession may be a good way to clean up the economy, while trying to prevent one may cost more and actually worsen the recession, Rogers said. Also, investment banks should be allowed to fail.”
“‘Listen, investment banks have been going bankrupt since the beginning of time. If people make mistakes — if you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich,’ he said.”
BR is this the “UNEXPECTED” recession?
a recession? You don’t say?! I never would hav guessed! Thank goodness we have these wise economists to tell us what is happening to our economy. What do you think could have tipped them off?
Could this have been a bear run on Bear? The March 30 puts have had unusual activity all week. Bear says that the liquidity issues came from a bunch of unexpected redemptions, coincidentally, the day before option expiration. And this is the end of a truly awful q1 for many hedgies……. I generally don’t like conspiracy theories, but I think this is a worthwhile issue to explore.
This is bullish, since a majority of economists seems to get things wrong.