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Dr. Doom going into cash, so should you. lol.
Will the new owners allow Roubini to continue with his sartorial shtick ? Tighten the knot, man ! For eleven million in revenues, be presentable.
Dr. Doom is just another stopped clock that is right twice a day. All doom all the time makes Dr.Doom a dull read. Not to say anything about how off the mark many of his calls have been.
I heard he will be using the proceeds to short gold and oxygen?!?!
Maybe he is launching the Rubini ETF, ticker symbol, SPAM
"Gimme 10 Bear Spam Spreads, mr. broker....." It had to be said....
With that cash he's going to buy lots of gold bullions.
$2MM of losses.
c'mon, its an internet company, slap a 50 times sales multiple on that pig and he is RICH!!!!!!!!!!!!!!!!!
No wonder he's always gloomy.
His salary was probably $10.9M
Dr. Doom closing shop, this must be bullish!?
He's getting out of the way of the incoming shit storm.
So yes, it is bullish. Just don't count on "value" or usefulness in any market instrumentation whent he printing press gets going later today.
If you want to take advantage of it. Go long starbucks, a small cup of coffee should be around 18 bucks in a year when they run the fiat mill.
Who the fuck is dumb enough to buy a consultancy business without the one and only consultant that matters?
Someone who wants to "leverage" the "platform"...
Whomever buys said consultancy.
My money's on Geithner. He'll retire from Treasury and start his new firm, Lying Elf Consultants.
At least he can eat SPAM.
Attention RGE Buyers: Pay in fiat.
Gettin' out while the gettin' is good; don't blame him.
Trouble paying the mortgage?
This has got to be bullish. He ran out of bad things to talk about right?
The bigger question is what idiot company executive is still paying out for "top advice" like this ?
One who likes having a gilded scape-goat to blame the balance sheet collapse on.
He probably just needs coke money.
Rosie is the only one left.
Taleb and Schiff
Roubini is a pianist in the brothel so to speak. The business is going nowhere due to the occupation taking place in downtown?
The question is ... will he go long spam?
Roubini will end up as a blogger and paid panelist
he just rushed to open spam factory. you know, there'll be a lot of demand for hedge against inflation.
Calpers will buy it!
He has realised that economics has now degraded to the point where it consists merely of trying to predict actions of governments and CBs (and, possibly, GS). He does not see much of a future when the only job left in his field is guessing which trick Bernanke and his ilk will try next.
He wants to speak the truth as he did before..
But he is silenced. He is sick of lying under pressure from Wall Street cartel.
Watch him, he will be back again..
I hear Roubini is big in Japan
You forgot to add "t shirt salesman." as in the "I'm with stupid" line updated to account for mayhem on wall street.
I'll buy RGE...for about 5 bucks!
So does this mean that Sandra-golddigger-Navidi will also be out of a job?
I was wondering the other day when I saw her on TV, but she's not working for RGE anymore:
RGE is a bauble.
Who the hell needs this ass when the blogs are free to read? Have any of these clowns been more correct than the main blg sites out there about the shit goin' down now? ? I thnk not.......be your own hedge fund. You're taking all the risk anyway.
Maybe he'll earn enough to get a decent hair cut.
Shouldn't that read "$2 million losses on $11 million in revenues" ? Kind of horse and cart there. BTW, CNBS reported $14m in revenues. Hmm, you think a few good analysts might have spotted that having 85 analysts, researchers and support staff behind a big- time economist might not be sustainable on $14m, but that might explain why they are struggling and why a fool would pay good cash money for the firm.
Roubini is a weenie.
Wow, the news flow has really plummeted. Time for the bottom to fall out.
Stealth QE3 happening now?
Jim Rogers makes a convincing case:
Given Republican opposition to more QE this seems to make a lot of sense.
so how much to buy $2 million in losses?
Buying losses? Um, can you say "Internet Bubble???"
Shill for the Administration and Obama.... He lost his juice with me...
Going to cash? DEFLATION.
PM's will be bought soon on the cheap.
If my business only loses $500 this year, does that make my business more successful than Roubini's?
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