User 143167

Dollar-Equity Correlation: Roubini's Got It Wrong (Again)

There is huge leverage going on this year, not through the brokers marginal accounts, but from the government, and I am not just talking about the US government. Every government is trying to load private debts on their own balance sheet and finance that with new bills printed (which are debts).

As a whole, there is HUGE releveraging in the world now, not deleveraging.