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Mortgage Repayment Datapoint of the Day   How CDOs Are Like Stocks
Oct 7 2008 8:53PM EDT

Great Moments in Punditry, Kudlow Edition

Larry Kudlow, July 2007:

If you ask folks on Wall Street what their biggest worry is, most will say it's another 9-11. They rank another attack far ahead of passing sub-prime mortgage problems or wiggles in consumer spending...
I have long believed that stock markets are the best barometer of the health, wealth and security of a nation. And today's stock market message is an unmistakable vote of confidence for the president.

(Via Krugman)

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