Interesting interview last night. He was pimping his new book Boomerang. Mentioned that by buying the toxic crap from the banks, governments put themselves in a very vulnerable position. The subprime mortgage crisis thus became a sovereign debt crisis. Also said that you can throw fundamentals and technicals out the window right now. It’s all about politics. Hedge funds are now hiring pollsters to study public opinion of Germans concerning bailouts and their willingness to keep the Euro together.
Just finished Boomerang. Excellent quick read.
waiting on paperback i got a backlog of great books finishing up fault lines next up is “this time is different” by rogoff to be followed by “all the devils are here” and then this i guess