Posts filed under “Video”
Hey, pretty cool: We got mentioned on the show last night (about the 2:30 mark)
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(Anyone know why these iFrames seem to disappear ? The code is : <iframe height=”339″ width=”425″ src=”http://www.msnbc.msn.com/id/22425001/vp/27917363#27917363″ frameborder=”0″ scrolling=”no”></iframe>
On this week’s Consuelo Mack WealthTrack, a television exclusive with one of the most successful investors in modern times. For years, legendary value investor Jeremy Grantham has been the Cassandra of the investment community with warnings of financial and market disaster. Grantham still sees danger in the global economy, but he has turned bullish on the U.S. stock market. In this, his first television interview, Grantham tells Consuelo Mack why he is now positive on stocks and what he sees ahead for the global financial system.
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Source: Consuelo Mack WealthTracker
Hat tip: Paul Kedrosky
Only a week after the Treasury Secretary said that the government bailouts had stabilized the most important financial institutions, plunging stock prices forced the government to step in again.
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Another Crisis, Another Bailout
New York Times, November 24, 2008
Jim Rogers on Bloomberg TV
The U.S. dollar will be “devalued” as policy makers seek to weaken it, undermining the greenback’s role as an international reserve currency, said Jim Rogers, chairman of Rogers Holdings in Singapore.
“They think that if you drive down the value of your money, it makes you more competitive, now that has never worked in history in the long term,” said Rogers. The ICE’s Dollar Index has gained 19 percent since Rogers said in an interview on April 27 he expected a dollar rally “about now.”
The dollar is “going to lose its status as the world’s reserve currency,” Rogers said yesterday in a televised interview with Bloomberg News. “It will be devalued and it will go down a lot. These guys in Washington, they want to debase the currency.”
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Rogers Says Dollar to Be `Devalued,’ Buys Commodities
Ron Harui and Mike Schneider
Bloomberg, Nov. 25, 2008