America: Long of commodities and short of reputation

Introduction

Further to today's CNBC show, I read this morning that market pundits are clutching at straws when it comes to the U.S. market: this is what I mean by "long of commodities. Meanwhile, according to Citi, AIG wants to raise $5 bn - 10 bn in order to avert a credit rating downgrade: this is what I mean by "short of reputation". See our show notes posted yesterday, and view the video.

Online Video Clip

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