I will be on the BBC World Service at 2PM ET talking about the Chrysler bankruptcy. First will be a television interview and then a radio interview. I will post the clips if and when they become available.
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- “When markets go up, investors want to then concoct a theory that explains how the rally in the markets is being supported by the underlying economy. So, the 'green shoots' theory is just that - it's sort of a fiction that's been woven around a liquidity driven market. If you want to call those green shoots, blue shoots, or yellow shoots - pick your color.”
-- Stephen Roach
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