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Stephen Roach "Unlike The US Which Lets Bubbles Get Out Of Hand, That’s Not The Case In China"

The chairman of Morgan Stanley Asia Stephen Roach blasts China skeptics, "The idea that [China] is an overheated economy is very much overblown," in this Bloomberg TV interview.

When Storming The Bastille Is Not An Option, The Parliament Will Do

Greek taxpayers are not happy, and in this clip from Bloomberg, they make it painfully obvious.

Ahead Of The NFP Bell

Consensus estimate per Bloomberg, based on 82 "economists": -68k, per Reuters: -50k; and Goldman: still at an unrevised -100k. For a Bloomberg interview with Goldman's Jan Hatzius discussing his prediction, click here .

Tiger Woods’ Apology Causes Greater Market Volume Spike Than FOMC Discount Rate Hike Announcement

When Tiger's speech causes a more dramatic volume impact than the FOMC you know this market is all sorts of perfectly efficient. Bloomberg's chart of the day below shows the total NYSE volume change in-between when Tiger started his convoluted and meandering mea culpa, and when he ended. Curiously (or not at all once you realize that algos now have a low volume trigger for activating buying programs), in the period when there was no trading volume, the market jumped, only to see the new baseline level as of the end of his speech be today's resistance level.

PIMCO On The Euro, Greece, And Preferred Investments In Brazil, Poland And Russia

Pimco's Michael Gomez, who recently shared the floor with Hugh Hendry, Marc Faber and Nassim Taleb , and who was likely the key voice in Pimco's recent decision to accumulate German Bunds, shares insights on the euro, Greece and new investment opportunities. Based on this Bloomberg TV interview, it is likely that PIMCO will soon be accumulating a variety of Polish and Brazilian sovereign bonds, as well as corporate bonds in Brazil, Mexico and Russia, with an emphasis on the first. With tens of billions in dry powder, PIMCO will likely have an increasingly risky EM exposure as it departs from its traditional MBS/UST portfolio.

Faber’s Bold Prediction: Both The US And Europe Will Default On Their Debt

Picking up where he left off in his prior Bloomberg interview earlier this week , the author of the "Gloom, Boom and Doom Report" continues his bashing of the governments of all developed and overleveraged nations, which he claims will sooner or later default on their obligations . This could be the most scathing critique of the fiat-money system to date, which is the primary cause for the facility with which governments have accumulated untenable debt loads.

Bad Day For Blackstone As IPO Window Closes

Whereas Blackstone top ticked its IPO sublimely with the very peak of the stock market, they seem to be losing their magic touch. Today's horrible weather apparently impaired the mood of those who enjoy using other people's money to buy the "equity" in companies still leveraged 7x and higher, i.e. Blackstone specials

Marc Faber: If The U.S. Was A Corporation, Its Credit Rating Would Be Junk

Marc Faber discusses America's unsustainable debt load in this interview with Margaret Brennan on Bloomberg TV. An amusing observation: the GDP growth from each $1 of new total debt has dropped from $0.25 to -$0.60.

Nouriel Roubini: Flat Market In 2010

Doctor Doom is now Doctor Flat, which is how he sees the market in 2010.

Goldman’s Levitt Calls Obama’s Gimmick To Keep GSEs Off The Balance Sheet "Shades Of Enron"

A few days ago we made some observations on the just-announced nearly $4 trillion 2011 budget.