A low volume, high quality source from the demand side perspective.The podcast is produced weekly. A transcript is posted on the day of.

Saturday, November 21, 2009

Demand Side Relay 323: Nouriel Roubini and the pessimistic path forward, plus the mother of all carry trades

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Today two pieces from Nouriel Roubini. The first, his presentation at an AEI conference outlining his very pessimistic view of the prospect for the U.S. and global economy. The second is part of a somewhat contentious interview on CNBC describing his position on the mother of all carry trades.

Nouriel Roubini

The mother of all carry trades is Roubini's necessary explanation of the stock market surge that he missed in March, when he described it as a sucker's rally. We will remind you that we did not miss the rally because we see cheap Fed chips having to blow up some bubble somewhere.

But now Roubini is back ahead of us.

note: podcast upload is delayed for technical reasons

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