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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Stoctrash who wrote (11550)1/29/2009 5:36:21 PM
From: John Pitera  Read Replies (1) of 33421
 
Hi Rick, well Roubini and Shiller were pretty somber in their Bloomberg interview at Davos. It's interesting to see how muted and tentative the mood is at Davos, not surprising; but interesting non the less. The Bank stocks are really bouncing around. What kind of equity is there for the holders of common stock?

and Nassim Nicholas Taleb, author of the best-selling "The Black Swan, is also declaring their is no alternative to nationalization of the Banks.

Shiller is suggesting that we don't use the term nationalization, but call them bridge banks and lengthen out the ownership period of the US Government.

John

"Roubini Says Banks Insolvent, Shiller Wants More Action January 29 (Bloomberg) -- Nouriel Roubini, a professor at New York University, and Robert J. Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, talk with Bloomberg's Francine Lacqua and Erik Schatzker about the outlook for the U.S. banking system and the global economy"

bloomberg.com
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