Mr. Alexander's role as Citigroup's chief economist didn't entail significant management responsibilities. But his optimistic economic forecasts colored executives' views that the U.S. was unlikely to face a prolonged slump.All we need is another overly optimistic figurehead to provide the 3D rose-colored glasses to the masses. Additionally, now companies that have Citi as a counterparty are likely to immediately become elevated to too big to fail status. Sphere: Related Content Print this post
"I think that's not going to spill over more broadly into the economy, and so I think we're going to have a normal kind of housing cycle that's going to last through the middle of this year," Mr. Alexander said in a Feb. 28, 2007, interview on PBS.
Tuesday, March 17, 2009
Posted by Tyler Durden at 6:07 PM
Citi's chief economist Lewis Alexander is said to be leaving for a post with the U.S. Treasury Department. Alexander will be a direct counselor to Tim Geithner. This makes some sense keeping in mind who Geithner's predecessor was.