Monday, July 28, 2014

The Name of the Day...

...belongs to Binky Chadha of Deutsche Bank. I don't know how I've missed this guy so far, but I read this morning that in October, 2007 Mr. Chadha said:

Stocks will rise so long as there’s no recession, and “the probability is significantly higher than 50 percent that we are not going to have a recession.”

Nice call, huh? (He probably got paid a lot of money for that advice.) So whatever happened to him? Last we heard, he got a promotion:

In February, 2012, Deutsche Bank named Binky Chadha chief global strategist.

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