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Bill Dudley Hits Refresh On Yahoo Finance, Discusses Asset Bubbles

Tyler Durden's picture




 
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Wed, 04/07/2010 - 12:47 | 289976 Cyan Lite
Cyan Lite's picture

I don't get the "refresh on Yahoo Finance" reference...

Wed, 04/07/2010 - 12:58 | 290003 Steak
Steak's picture

meaning he actually looked at the market..."turned on a tv" would have been the appropriate 80's-90's reference

Wed, 04/07/2010 - 12:58 | 290007 hedgeless_horseman
hedgeless_horseman's picture

In this cost-benefit analysis, the central bank must understand that it will make mistakes.

Good luck with that requirement.  Programmed to blame others.  Has he not watched the Beard speak?

Wed, 04/07/2010 - 12:58 | 290008 hedgeless_horseman
hedgeless_horseman's picture

In this cost-benefit analysis, the central bank must understand that it will make mistakes.

Good luck with that requirement.  Programmed to blame others.  Has he not watched the Beard speak?

Wed, 04/07/2010 - 13:08 | 290021 Blindweb
Blindweb's picture

Sometimes it's a bubble that pops, but sometimes orbit is reach (ht fofoa).  Sometimes your idea is a flop, but sometimes it's revolutionary.  There's no way to know ahead of time.  People are pretty much as efficient as they can be.  (Evolution is really slow)  The more resources you use to analyze the future the less you have for spending on production now.  Bubbles are just an inevitable part of life.

Wed, 04/07/2010 - 13:10 | 290033 dcb
dcb's picture

this man is a whore and disgusting. I knew that before he got his current job. the trend contonues. geither, friedman, now dudley. Guess whore ha to be on your cv to get this job. when is the us going to get rid of these terrorists and make them stand trial

Wed, 04/07/2010 - 14:03 | 290173 GFORCE
GFORCE's picture

Such a long winded pile of jargon from Dudley but Tyler's explanation was far more clear and far more relevant. The no volume ramp and the all news is good news, continues in essence amidst sovereign default, geopolitical crisis and inflating commodity prices. The recovery gathers pace but the market uses every piece of positive news to add another 100+ points to the dow and at some point, efficient pricing goes out the window.

The same price action was seen late '07 and the outcome will be the same. Late 2010 and 2011 will be a bloodbath for the ponzi reflation as the dominoes fall.

Wed, 04/07/2010 - 16:06 | 290488 Tic tock
Tic tock's picture

I love the way this is a Central bank issue.. to stem the risk-taking.. "risk / reward" - does Dudley think the Fed can make finance balance risks over the longer term, what are they going to do, file reports once a decade? The whole point in having large banks is thatthey are supposed to have a longer-term perspective, they're supposed to return somewhat lower ROE, a by-product of world where valueis added in greater measure than inflation (supply of money outlook). And instead we have large, non-hedge variety balance-sheet allocations to diminishing-yield-chasing instruments. Quite simply,the biggest Banks went out and built a bubble whichis the very thing that big banks should be against doing.. one thought to fix this mess, takethe Fed inflation target, any increase in ROE above that for the TBTF, before salaries and after dividends, is a tax-receipt; exempt muni-bonds from said treatment (asin income from which remains untaxed).     

Thu, 04/08/2010 - 09:58 | 291436 mark456
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