Thursday, Aug 13, 2009
Fareed Zakaria interviews credit crunch/recession guru's
CNN: Great Interview with Niall Ferguson, Nouriel Roubini and Mortimer Zuckerman
Some great stuff covered, with the panelists mostly agreeing that there are serious systemic risks still out their. All presented in very reasonable fashion not too much hyperbole just reasonable points made well. Topics covered:- Goverment borrowing, all see this as a very major issue, with notable points about credit card debt, comercial property, further states after california going bust, possible further banking failures, Chinas attempts to spend their way out of recession and worries about the dollar. Niall makes a classic point (8:01) that in terms of house hold wealth in relation to income 'were back to we were in 1989' yet we've still got a long way to go in the delevarging process, which is greeted with gasps from people in the studio.
1 Comment
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1. techieman said...
thanks for the post - you old banker you :-). Havent got time to look at now but Dr. Doom's analysis is always inversely related to his dress sense - so anticipating good things!