Goldie Stew
July 10, 2008 4:30pm by Barry Ritholtz
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Uh-Oh! Bad Sign on Fannie & Freddie
But Larry says that America can still hold on to it’s Goldilocks Economy!
Could Larry be full of it?
-btc
Schadenfreude on my mind.
What’s the over/under on Larry’s “Goldilocks” show on CNBC getting cancelled? I say 12 months. I’m taking the Under.
I’ll be damned….tastes just like chicken.
But Jerry says it’s all Obama’s fault. OK Jerry, OK.
If I remember the story, the bears lived in a small but nice house in the woods… they got foreclosed too?
[the disconnect between US and EU markets… there is something ugly somewhere]
Oh, Barry… we ain’t seen nothing yet. What if Israel launches an airstike on Iranian nuclear targets with America’s tacit wink-wink? And then Iran will carry out its threat to cut off Gulf oil shipments? And then oil hits $200+ and the price at the pump tops $6. All of this is entirely possible… and seems more and more likely every day! It could all happen before Labor Day.
I won’t take the over/under on Larry’s show getting cancelled. Sadly, financial TV’s key audience seems to be a bunch of people who have already made up their minds and want something to reassure them of how right they are every day. Just like the rest of Wall Street, and to some degree most of the US population. Nobody wants to hear the truth.
I will make another bet, with $100 to charity at stake:
If Obama is elected, Larry’s over-arching theme will change quickly from “why everything is still OK” to “how the Democrats screwed up something that was doing fine.” This will occur whether or not the numbers show things are getting worse or not and will occur before Obama takes office. Determination to be made on inauguration day.
-btc
I won’t take the over/under on Larry’s show getting cancelled. Sadly, financial TV’s key audience seems to be a bunch of people who have already made up their minds and want something to reassure them of how right they are every day. Just like the rest of Wall Street, and to some degree most of the US population. Nobody wants to hear the truth.
I will make another bet, with $100 to charity at stake:
If Obama is elected, Larry’s over-arching theme will change quickly from “why everything is still OK” to “how the Democrats screwed up something that was doing fine.” This will occur whether or not the numbers show things are getting worse or not and will occur before Obama takes office. Determination to be made on inauguration day.
-btc
Oh Larry “Goldilocks” Kudlow won’t like THAT!
That bear stiring the stew is that Cramer?
Chris, I believe Cramer is in the pot along with Luskin, Kudlow, et al
On another note, the firewood left to right are Lehman, Citi, Bear Stearns, Indymac (smallest), Freddie, and finally the biggest log Fannie Mae
I am not a Larry Kudlow fan either, but I gotta admit that I’ve started watching his show lately out of morbid curiosity. It looks like he at least invites smart people with divergent views on his show, like Robert Reich, who is about as polar opposite from Kudlow as it gets.
I hope it doesn’t give me the runs!
Looks like the bears decided to have seconds today.