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 " " hosted a meeting of the minds this morning: Past
shared their insight on the future of the markets.