Thursday, October 2, 2008

Gloom, Doom and Boom: Nouriel Roubini and Barry Ritholtz Liveblogged at MarketBeat

Mark Gongloff, who liveblogged Mssrs. Ritholtz and Roubini, has a special place in our CI hearts. When we started Climateer Investing he was Markets Editor for the online WSJ and running the Energy Roundup blog. He blogrolled us in our first week and checked in enough that we were hattipped or linked to as often as any of the blogs they followed. This helped us see traffic and continue our amateur efforts.

Besides being a good guy [and an excellent talent spotter-ed.] he's a first-rate journalist. Here's an example of an ability I wish I had.
From MarketBeat:

Nouriel Roubini is the NYU economics professor known lovingly around Wall Street as “Dr. Doom” for his foresight in predicting the end of the financial system as we know it. Blogger/strategist Barry Ritholtz, who hasn’t been much more optimistic, is joining him this afternoon for a conference call to discuss the credit crunch. Should be fun! And by “fun,” we mean “a good time to stock up on canned goods.”

5:08: Roubini starts out saying there are six things to think about. The first question has about 10 parts. Could be a long call.

5:11: The U.S. economy risks a negative feedback loop: Economic woes hurt creditworthiness, hurting banks, hurting credit, hurting the economy. Wash, rinse, repeat, lose your house.

5:14: The Fed’s next move is likely a rate cut....MORE