Well, what a whirlwind of economic happenings over the past few months. From the CDO subprime crisis to the downfall of Bear Stearns to the crawl back, there has been lots of news and lots of volatility. So, Rob is in his element! We were in Italy at the Villa d'Este for a conference sponsored by Confcommercio (Italian Chamber of Commerce) when the Bear Stearns news broke . Rob was besieged by the print and TV press and appeared everywhere. We hadn't told our friends, the Gallos, that we were planning a quick trip to Italy, but they found out when they saw Rob on the evening news!
During a lovely lunch in Annecy with the CEO of Credit Agricole, Rob predicted that the bottom would be over about 6 months. So far, so good.
CNBC and the BBC have capitalized on the Nobel guys by having three of them ( Joe Stiglitz and Ned Phelps too) comment on the present and future. Joe, the perennial pessimist, Ned, the middle guy, and Rob, painted as the optimist. The CNBC video is blissfully short and the BBC is more in depth.
Where's the Economy Going? Nobel Winners Weigh In
CNBC's "Squawk Box" hosted a meeting of the minds this morning: Past
Nobel Prize winners shared their insight on the future of the markets.
http://www.cnbc.com/id/24313079/from/ET/
http://www.bbc.co.uk/worldservice/programmes/080430_bbcdebate_economy.shtml
SYDNEY--Australian stocks opened 0.3% stronger Friday as investors switched out of banks and consumer staples into beaten-down mining stocks previously hammered by tumbling commodity prices. Prices for oil, gold and industrial metals such as copper recovered further Thursday amid expectations of more monetary policy easing in Europe and Japan. Stocks on Wall Street were also assisted by lower-than-expected weekly jobless claims and robust corporate earnings from companies including Dow Chemical. At 0217 GMT, Australia's benchmark S t,1,S] &P/ASX 200 index was up Coach Factory 14.2 po toms shoes outlet ints a Chaussure Louboutin t 5116.6 after trading was closed Thursday for the Anzac Day public holiday. ...
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