Posts filed under “Financial Press”
Lovable financial curmudgeon, goldbug, and activist Max Keiser has a new show on BBC Worldwide: The Oracle, in which he predicts the future outcomes of today’s financial chaos.
THE ORACLE January 16th 2009 part 1 of 2 with Max Keiser and Stacy Herbert ;
guests are : Ullrich Fichtner , Nigel Eccles, Alec Baldwin and Carrie Quinlan ;
sujects are : what free spending and credit addicted economies like the US and UK can learn from the more prudent Germans, and what difference an Obama presidency might make?
Part II tomorrow evening!
With all inauguration coverage, all the time today, I thought we might try to keep the focus on erconomic/market related matters. Time magazine has an article on Bush’s economics mistakes that I would direct you to except for the annoying 9 page clicks required (click whores!). Rather than send you there, I’ll give you the…Read More
One of the criticisms I regularly make about the Financial Media is their lack of accountability for their own bad advice, as well as that of the many awful guests they have on. Its a wonder that some people get quoted or appear on television so regularly, given their lack of acumen, insight and terrible…Read More
Barron’s Alan Abelson comes forth with the reason why the terrorists have not attacked the USA since 9/11. They didn’t have to: Thanks to his vigilance, this nation was spared a terrorist attack after 9/11. And so it was, for which we are all profoundly grateful. And only the most vehement Bush-basher would sniff that…Read More
Alisa Miller, head of Public Radio International, talks about why — though we want to know more about the world than ever — the US media is actually showing less. Eye-opening stats and graphs.
(This is why I frequently watch BBC news)
As the CEO of Public Radio International, Alisa Miller works to bring the most significant news stories to millions — empowering Americans with the knowledge to make choices in an… Full bio and more links
Last night’s 60 Minutes had a story on Oil Speculation. Its not that they said anything that was factually wrong per se, its more that they told 10% of the story of the rise and fall of energy prices. The entire report was surprisingly thin, and avoided discussing all of the many other factors that…Read More
In addition to more “Outlook for 2009″ videos (dealt with in last week’s Video-o-rama), the past week saw material covering a hodgepodge of topics. Although the topics were varied, good viewing material was produced, with the likes of Marc Faber, Peter Schiff, Martin Feldstein, Barton Biggs, Jeff Saut and Bill Gross in attendance.
A few of the more interesting clips that attracted my attention are shared below, including a few items warning about a bubble in government bonds.
But before we get to the economy and the financial markets, please spend a few minutes viewing a worthwhile three-part production by the Wall Street Journal entitled the “End of Wall Street” – What happened? Why did it happen? And what happens next?
The Wall Street Journal: End of Wall Street
Chapter one: What happened?. In the first of this three-part series, Journal reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street’s biggest financial institutions.
Click here or on the image below for Chapter one.
Chapter two: Why did it happened? What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called ‘weapons of financial mass destruction’.
Click here for Chaper two.
Chapter three: What happens next? This final chapter of the crisis on Wall Street tells the story of the $700-billion bailout, as seen through a reporter’s eyes, and looks at what’s ahead for the global economy.
Click here for Chapter three.
Source: The Wall Street Journal, January 5, 2009.
Over at Marketwatch, Paul Farrell sifts through a book (sitting on my shelf) and pulls out these embarrassing quotes. 15 reminders of how happy talk misled us a decade ago October 1999: James Glassman, author “Dow 36,000.” “What is dangerous is for Americans not to be in the market. We’re going to reach a point…Read More
This morning, I caught the Shrill Blond Harpy on CBS. I have no patience for her absurdities, and I won’t mention her book by name. However, I will reference this not-safe-for-work blog posts, which I find to be utterly hysterical: I f&*% ANN COULTER IN THE ASS, HARD Back in Ann Coulter’s Ass-Saddle Again Enjoy…Read More