February 6 (Bloomberg) — T.J. Marta, a fixed-income strategist at RBC Capital Markets, talks with Bloomberg’s Rhonda Schaffler in New York about the outlook for the U.S. economy, credit markets, Federal Reserve monetary policy and Treasuries. Bloomberg’s Cris Valero also speaks. (Source: Bloomberg)
In another video, which was unfortunately taken down, Marta admitted some interesting things:
Bloomberg Anchor asks: “What do you compare this Crisis to?”
Marta: “What I compare it to is: You take Enron, WorldCom, the take the internet bubble, you take LTCM (Long Term Capital Management), you take the junk bond crisis, you take the S&L (Savings and Loans) crisis, you take the housing recession from 1990, roll them all into one and that’s what you have.”
On the topic of the Dollar:
Marta:”We are on the precepous of a Dollar Crisis”
On the topic of decupling:
Marta:”Other countries are finding out they drunk the Kool-Aid too.”
Marta explains why the productivity numbers earlier today are actually bad. Hours worked have actually gone down at the fastest pace in five years. This basically means that businesses are trying to not lay off workers but failing.
Share This
February 11th, 2008 at 9:56 am
[...] Watch the video. [...]
March 24th, 2009 at 3:37 pm
hope that b doesnt bring back card check, that would be a soft tyranny