People - Friday, 17 July 2009

CNBC denies culpability in Roubini as bull saga

(Naked Capitalism - The Net)

I just read a CNBC story which fails to mention CNBC's involvement in the apparently erroneous report that Nouriel Roubini has suddenly become more bullish. Is this omission justified?

The controversy centers on statements Roubini made regarding the timing of a technical recovery in the United States. Yesterday, it was reported on CNBC and elsewhere that Roubini had made a 'change' to his market view and was essentially more bullish on the U.S. economy. Many market participants believe this was a major factor in the rise in shares yesterday.(...)

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