Posts filed under “Media”

Enforcing Rule of Law Is NOT a Waste of Time

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Video
Source: Yahoo Finance

Category: Legal, Media, Video

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Video
Source: Yahoo Finance

Category: Media, Video

I Wish Bernanke Would Go Off on Congress

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Video
Source: Yahoo Finance

Category: Federal Reserve, Media, Video

Chart Attack: Mutual Fund Outflows

I forgot to publish this Bloomberg appearance from last week — here is the last segments, looking at monthly mutual fund outflows on Bloomberg Television’s “Street Smart.”

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Category: Media, Technical Analysis, Video

Technology & Retail Obsolescence

I forgot to publish my Bloomberg appearance this past week — here are two of the segments, mostly on retail and obsolescence:

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Category: Media, Really, really bad calls, Retail, Technology, Valuation, Video

The Return of Glass Steagall ?

Senators Elizabeth Warren and John McCain are introducing new legislation to “take the financial industry back to an era when there was a strict divide between traditional banking and speculative activities.”

I have a quote in the column:

“The act also kept banks that use federal deposit insurance out of potentially volatile Wall Street activities, like trading. As a result, problems at investment banks were less likely to infect regulated banks. Losses at the Wall Street operations of Citigroup and Bank of America weighed heavily on those banks during the 2008 crisis.

For about 70 years, Glass-Steagall managed to keep the riskier, more damaging part of Wall Street away from what should be the boring, straightforward side of finance,” Barry L. Ritholtz, chief executive of FusionIQ, an asset management and research firm, said. “It was the height of stupidity repealing Glass-Steagall.”

The argument I made is summed up in this one paragraph:

“During the era of Glass-Steagall, there were no systemic banking crises like the one that occurred in 2008. The restrictions the bill put on the financial sector did not seem to do much wider harm. According to analysis of government gross domestic product statistics, the American economy grew an average of 4 percent a year from 1933 until 1999, when Glass-Steagall was in effect. Even some who championed repealing the act, like the former Citigroup chairman Sanford I. Weill, have since called for the breakup of the bank behemoths.”

As a more recent example, the 1987 crash never spilled over into the banking system. We had Glass Steagall to thank for that firebreak.

 

 

Source:
Senators Introduce Bill to Separate Trading Activities From Big Banks
PETER EAVIS
NYT, July 11, 2013
http://dealbook.nytimes.com/2013/07/11/senators-introduce-bill-to-separate-trading-activities-from-big-banks/

 

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Category: Bailouts, Media, Regulation

Media Appearance: Bloomberg TV with Sara Eisen

I will be guest hosting with the lovely Trish Regan at Bloomberg TV from 3:00 pm to 4:00 pm on Street Smart. We will talk Barnes & Noble, NYSE take over or LIBOR, and the Bond Outflows. Should be lots of fun — Check it out at their live streamer on TV.  

Category: Media

Unsexy Finance vs Cat Food Tacos

Yeah, this time it was my fault — in the midst of a long conversation about taking the emotions out of investing and making finance boring, I dropped a line about cat food tacos. So once again I am in the click bait headline machinery.

Actually, the heart of the advice was from the asset allocation articles in the WaPo (here and here) essentially ” Invest Boringly.”

It looks something like this:

Have a plan.
Execute it faithfully.
Be diversified.
Contribute regularly.
Max out tax-deferred accounts.
Be an asset allocator.
Think long-term.

Not exactly radical, but “Cat Food Tacos” will generate a lot more clicks than “invest boringly.”

Here’s the video:

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cat food tacos

 

Source: Ritholtz: You Can “Eat Cat Food Tacos In Retirement,” Or You Can Do This… (Yahoo Finance)

Category: Asset Allocation, Investing, Media, Video

Gold Bouncing Towards $1400 Creates Selling Opportunity

This discussion is about probabilities and investor psychology — not predictions.

 

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Video

Source: Yahoo Finance

 

 

Note: I understand getting heard above the clutter and attracting clicks and all, but this headline is rather different than what we actually discuss on the video above:

yahoo gold

Category: Gold & Precious Metals, Media, Video

Taper Tantrum Reaction

 

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taper yahoo finance
Source: Yahoo Finance

 

 

 

Category: Media, Video