Posts filed under “Video”
If you missed my boy Chris Whalen of Institutional Risk Analytics on SquawkBox, you missed some seriously straight talk:
on the $700B bailout, with Chris Whalen, Institutional Risk Analytics and CNBC’s
See also: Chris Whalen of the The Institutional Risk Analyst:
Good stuff . . .
Here’s the video I did for the WSJ on Tuesday — it was the #2 video on the WSJ.com site yesterday:
“Barry Ritholtz, the writer behind the popular economics blog “The Big Picture,” discusses his soon-to-be-published book, “Bailout Nation.” He tells WSJ’s Christina Jeng the government might be too quick to come to the rescue and it might not even benefit the economy. (Sept. 23)
Faber calls out the Fed for their responsibility in the current crisis:
Liquidity will dry up even more, volatility will stay high and
financial assets are going to suffer as the crisis continues to unfold.
The bailout plan is unlikely to work and the global economy will take
the hit, he predicted.
“People rely on the people in Congress, at the Fed, at the Treasury,
people that brought us into this trouble, to take us out of trouble. I
don’t think they will succeed,” Faber said. “We can have recovery
rallies but a new high on the S&P is practically out of the
question for a very long time. In real terms, equities are still very
high and economically, I think the world will go into a slump.”
“Next year, if the economy in the U.S. is as weak as I think it
would be, the trade and the current account deficit will continue to
contract,” Faber said. “When global liquidity contracts, it’s not a
good time for financial assets.”
Other sources of funding, such as foreign reserves of resources-rich
countries, are also likely to dry up, Faber said. “I think sovereign
wealth funds are going to be very busy supporting their own markets,
they won’t have much money to buy assets around the world.”
The next emergency measure will be that Americans are not allowed to
buy foreign currency and transfer money overseas, and the next measure
will be not permitting Americans to buy gold and so on and so forth… It
creates even more uncertainty in the market place when you continually
change the rules.
Fed Acted Like a Liquidity Drug Dealer: Economist
CNBC.com | 23 Sep 2008 | 05:10 AM ET
Jeffrey Saut, chief investment strategist at Raymond James & Associates Inc., talks about the performance of equities and the impact of short covering on market activity, the outlook for a recession in 2009, and investment strategy.
click for video
Running time 03:50
00:00 Equity market: "lows are in for the year"
00:59 Outlook for recession in 2009; strategy
02:19 Performance of stock market, short coverings
Jeffrey Saut Sees Rising Odds for U.S. Recession in 2009: Video
Bloomberg, September 22, 2008 08:35 EDT
Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.
September 19, 2008
Paul Krugman, an economics professor at Princeton University, talks about the U.S. government’s move to cleanse banks of troubled assets and halt an exodus of investors from money markets and the outlook for the U.S. financial-services industry and economy
00:00 "Socialization" of U.S. financial system
01:51 Bailout’s justification; "inevitable" rescue
04:13 The outlook for U.S. banks is "not clear."
05:02 "Weakening" economy into next year
Running time 05:57
Krugman Sees `Socialization’ of U.S. Financial System: Video
Bloomberg, September 19, 2008 17:53 EDT