2009-01-23

Moorad Choudry ridicules himself on Bloomberg TV

Moorad Choudry, the Head of Treasury at the Euro Arab Bank and the author of many financial books completely ridiculed himself on Bloomberg TV. Not only does he seem to understand nothing from what is going on in the economy and the markets, but he also disagrees openly with Jim Rogers with completely stupid arguments and impolite behaviour.

Obviously, I am not surprised that academics like him do not understand the real world and I believe that their prescriptions bring countries into major crisis and economic/fiscal/monetary disasters, but I do not see how being impolite would make him more credible to the eye of the public.

Nonetheless, to find out the list of books that you shouldn't read, please click here: Moorad Choudhry on Financial Gurus and Moorad Choudhry on Amazon.com.

The videos I mentioned:




14 comments:

Anonymous said...

I do not know what version you two chaps have watched. But Professor Choudhry came across coherent, polite, professional and succinct in his argument.
This in contrast to a man salivating at the mouth and having to use the ole wasp argument "do you not understand english" coming from a brash speaking american!
Finally you chaps must have your heads so far up Rogers japsy that you must be touching his chin.
Good day gentleman.

pej said...

I believe I should delete this comment, as posting as an anonymous user shows a lack of interest in hearing an answer, and hence this comment should be considered non-constructive...

Nonetheless, I will reply.

I don't think that coming up with silly arguments like the Rolls Royce one serve Moorad Choudhry here, and worse than anything, I do believe that laughing at someone's argument is very impolite. This really reminded me of the people who were laughing at Peter Schiff in late 2006 when he was stating that the real-estate bubble would burst sometime in 2007 and that it would be ugly.

Finally, not only Jim Rogers has a track record and often mentions the actual trades his making but the academics like Moorad Choudhry tend to have a vague opinion and change that vague opinion when the markets change and never admit their mistakes...

pej said...

Oh, and I forgot to mention your impoliteness/rudeness, which is at the border of racism.
Good job man. You clearly made your point. :-(

Anonymous said...

I believe Mr Choudhry was countering the view that Britain has no exports. Its exports as a perecentage of GDP are 30% higher than they were 5 years ago so suggesting that Britain doesn’t export anything anymore is nonsense. Also Britain has had an oil deficit for over 5 years so what is that rubbish about North Sea that Rogers was spouting?

Asking someone if he doesn’t understand English is clearly impolite, rude and bordering racism especially since Choudhry’s English is so much better than Rogers. Choudhry laughing that is rich coming from a man like Rogers who was shouting like a hooligan on a football terrace. Rogers analysis “let the incompetent banks go bust and let the competent banks stay in business.” Now there is world class analysis!!

What mistake? What mistakes do you want Choudhry to admit to? He’s had one interview on tv, what mistakes are you on about?

You are harping on about impoliteness and rudeness, yet it is you, who set up a blog insulting a man you do not even know. Your blog stinks of hypocrisy and
double standards. Have you seen the movie Top Gun?…..Peg…….you STINK!

If you are man enough meet me at Moorgate Tube station at 5pm Wednesday otherwise get a life mate or go back to kissing Rogers japsy! A most natural attribute of yours

P.s
If Rogers is so good why did he not make a call on sterling six months ago? One trade does not make a man dweeb! Fact is Choudhry won the debate. Deal with it!

pej said...

Dude, I don't understand you. On one side you seem to have a brain and are able to make some sentences worth reading, and on the other, we are the hooligan who is looking for a gangster fight at a tube station?

Also, also, please do not hesitate to show me the figures about UK's exports, with details about they actually export. It would help me be less ignorant.

Same for that Top Gun reference: sorry I don't get it.

And I agree with you that Jim Rogers tend to loose it as well. Still unless you are Moorad Choudry's friend or team mate, I don't see why you become so passionate about it...

Finally, insulting someone in a debate doesn't make you make any point, quite the opposite. You have the freedom of speech, you can comment here, you can set up your own blog, but you are crossing the line here, so please, learn to behave in civilized society.

Anonymous said...

The Paki is full of it.

Pound sterling used to be worth literally a pound of sterling (silver) or 12 troy ounces which is currently valued at about $152 compared to the GBP which is worth $1.45. The pound has already lost more than 99% of its original value.

pej said...

I would appreciate if comments on this blog could avoid getting close to or crossing the line when it comes to ethnicity/origins/sexism or any other inappropriate contents.

I will not tolerate and I will delete comments if it happens again.

That said, the GBP has lost 99% of its value against the USD, which itself has lost 97% of it's value against Gold. This shows the extend of the destruction made by the BoE over the past many years (far worse than the Fed).

Eliszabeth Swanson said...

I am utterly appalled by your blog. Please god you don't work in the markets and have peoples lives in your hands. Both Rogers and Choudhry have valid points, however Rogers asking whether choudhry speaks english is insulting and inappropriate. Shame on you and shame on Rogers. Lets face it they both earn more than either of you so both Choudhry and Rogers can do and say what they like.

pej said...

Eliszabeth, you are making the dumbest argument ever: "they are richer than you so they are right". Also, do people "working in the markets" have peoples lives in their hands? I can see any logic in your points...

IFTY said...

What is Jim Rogers on about. We have plenty to sell in the UK. We sell services and knowledge for which we charge a lot of money from other developing countries. A plumber or an electrician doesn't necessarily sell something physical but sells his/her know how and expertise which make money. The pound dropped down to 1.35 against the dollar but is now climbing back up to the 1.64 level. Its the US dollar that is on the verge of collapse not the pound.

Anonymous said...

Moorad wrote an article on CNBC website.

Dr Moorad Choudhry: Stop Avoiding Euro Debt Restructuring

www.cnbc.com/id/42640253

Anonymous said...

Who is Moorad Choudhry to ridicule Jim Rogers? Rolls Royce and pop music will save this country, what a ridiculous thing to say. It is frightening that men like him are in prominent positions within banks. No wonder the banking sector is in such a mess. I found it particularly amusing when questioned on how to make money he was unable to answer. Jim Rogers has made more money than Choudhry could ever dream of. Ask the same question to Rogers and you would struggle to shut him up. This video reminds me of Hugh Hendry being interview on CNBC along with some overpaid flashy banker from Lloyds Private Bank. Choudhry falls into the category as the Lloyds banker. The video is here is anyone is looking for a few good laughs: http://video.cnbc.com/gallery/?video=810371062

Anonymous said...

moorad has provided with prove what did the two provide

Anonymous said...

i think moorad has avalid point who is rojer this our economy talking about.what does rojer on about.