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Wednesday, May 05, 2010 2:37:04 PM
I mean if you listen to her or Nouriel Roubini, you think it's all over. Doom, Gloom. The world is coming to an end. Gosh, you have to wonder why the world even bothers to keep on turning.
Anytime those two Doom twins get any airtime, especially on the same day, you know it's time to load up on FAZ.
This was on CNBC the other day:
http://www.meredithwhitneyllc.com/press_video_home.php
It's not that the banks have forgotten how to price risk, it's just that they can't properly price it, because the FED continues to hold interest rates at artificially low levels.
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