Thursday, August 25, 2011

Okay Here's Where You Pay Attention to Roubini

CNBC is having Nouriel Roubini as a guest later today. CNBC anchor Maria Bartiromo just teased the interview by saying Roubini thinks Bernanke will announce a QE3.

Roubini always nails these because he is Mr. Insider. The insiders tell him what they are going to do. If Roubini is going wide with a forecast on Bernanke announcing QE3, bet on it.

UPDATE: It looks like Bartiromo in the teaser oversold Roubini's forecast of a QE3. He is saying that QE3 will come down the road, not tomorrow.

10 comments:

  1. Looks like the Fed Counterfeit Money Terrorists are going to print more trillions and hand the loot over to their friends in an attempt to keep equity markets and Fed banks from falling...Price inflation only destroys the little people who are foolish enough to work for a living...so let them suffer.

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  2. Roubini just tweeted he will be on at 4:30 ET.

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  3. That probably also explains his sudden massive dissin' of gold. When gold shoots up, it looks bad for TPTB. That's the likely reaction to an announcement of QE3. Of course, the insiders dissin' gold is just pissin' in the wind, but that won't stop them from trying.

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  4. I bought this dip. It might have further to drop, but I passed on the last dip and it shot up to 1900. I don't really understand the difference between QE3 and "keeping interest rates low for 2 years." To me, they both mean extensive money printing.

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  5. How are they going to keep gold from going to $3000 when they announce their their QE Theft? The markets will rally and price inflation will soar but the public-school tax-livestock will riot and gold price skyrockets. I don't think there will be an announced QE 3.

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  6. @Deft
    Robert can correct me if I'm wrong here, but the basic difference is that even if interest rates are low, companies/people still have to borrow money from the banks (that's starting to happen now). QE3 is the Fed directly lending money to the government through the buying of treasuries to allow the government to go farther into debt and spend. Without that, people (or other countries) might not lend the money to the government at such low interest rates.

    So, Fed policy guarantees low interest rates QE3 guarantees borrowing at those rates.

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  7. http://www.telegraph.co.uk/finance/financialcrisis/8721151/Market-crash-could-hit-within-weeks-warn-bankers.html

    Banksters warning of market crash like 2008, Roubini talking down gold, Bernanke doing QE3 strip tease, what's up?

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  8. Can't they have Peter Schiff on at the same time as him? Of course not. Roubini vs. fawning CNBC airheads.

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  9. Looks like Roubini was right, it came 3 weeks later.

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