Posts filed under “Video”

The Battle Over the Bottom in Financials

Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . .

 

Note: I have a great deal of respect for Tom Brown — like Dick Bove, another smart guy I hate being on the opposite side of a trade from — but he has simply been way too early in his bottom calls.

Source:
Street Fight: Analysts Battle Over the Bottom in Financials
Henry Blodget
Yahoo, August 12, 2008
http://finance.yahoo.com/tech-ticker/article/47121/Street-Fight-Analysts-Battle-Over-the-Bottom-in-Financials

See also:
RBS slumps to one of biggest losses in UK banking history
Angela Monaghan
Telegraph, 10:35am BST 08/08/20081
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/08/bcnrbs208.xml

Wachovia boosts loss to $9.11 bln, cuts more jobs
Jonathan Stempel
Reuters Aug 11, 2008 7:02pm EDT
http://www.reuters.com/article/newsOne/idUSN1139894220080811

Michael Price Shorts Citigroup, Sees Few Banks to Buy   
Jeff Kearns
Bloomberg, Aug. 12 2008
http://www.bloomberg.com/apps/news?pid=20601213&sid=a57Gqx3lxcc4&

 

Category: Corporate Management, Credit, Derivatives, Valuation, Video

Credit Crisis ‘Only Now Beginning’

David Goldman, a portfolio strategist at Asteri Capital, talks about the outlook for the U.S. financial-services industry, the impact of the hedge-fund model on market volatility and his investment advice.

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Click for audio
Bloomberg

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00:00 U.S. economy, consumers, savings
01:24 Hedge-fund model, volatility, "catastrophe"
04:10 Banking volatility, credit crisis outlook
08:20 Hedge fund vs. private equity model: AIG
09:55 Merrill’s balance sheet; mortgage securities
12:42 Off-balance-sheet entities; bank solvencies
15:59 Outlook for banking illiquidity, hedge funds
18:06 Expense to tax payers; investment advice

Running time 20:03

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Source:
Asteri’s Goldman Says Credit Crisis `Only Now Beginning’: Audio
Bloomberg, August 13, 2008 19:24 EDT

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKQ5ONwezIsY

Category: Credit, Derivatives, Economy, Video

Sucker’s Rally?

I had fun doing this interview with Henry Blodget of Yahoo Tech Ticker and SAI:


Note: I don’t say we have to go below 10,000, but only that its possible. And I pretty much say that these forecasts are only guesses.

The last time I was on was July 15th, announcing that we were covering shorts, and calling for a bear market bounce . . .

Source:
Sucker’s Rally Alert: Dow Going Below 10,000
Henry Blodget
Yahoo Tech Ticker, Aug 12, 2008 03:31pm EDT
http://finance.yahoo.com/tech-ticker/article/47134/Sucker’s-Rally-Alert-Dow-Going-Below-10000

Wild Times on Wall Street: What Now for Investors?   
Aaron Task
Yahoo Tech Ticker, Jul 15, 2008 07:00am EDT
http://finance.yahoo.com/tech-ticker/article/39407/Wild-Times-on-Wall-Street-What-Now-for-Investors

Category: Economy, Markets, Technical Analysis, Trading, Video

Zillow: Housing Market Not at Bottom Yet

Zillow’s Rascoff Says Housing Market Not at Bottom Yet

click for video

Zillow_cfo

Running time 04:37

Spencer Rascoff, chief financial officer of Zillow.com, talks about the outlook for the U.S. housing market. Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according to Zillow, an Internet provider of home valuations.

00:00 Housing outlook, home sellers’ expectations
01:58 Housing market by region; advice to buyers
03:52 Real estate is "still…good asset class."

      
            

Sources:
Zillow’s Rascoff Says Housing Market Not at Bottom Yet: Video 
Bloomberg,  August 12, 2008  10:10 EDT                                          
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atKzgz5Xg2fo

One Third of New Owners Owe More Than House Is Worth
Bob Ivry
Bloomberg, Aug. 12 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3uzhDOF9FXI&

Category: Credit, Data Analysis, Real Estate, Video

Fuzzy Numbers

Interesting discussion on some of my favorite pet peeves: CPI, Unemployment, NFP, etc. via Chris Martenson’s Crash Course.

click for video
Fuzzy_numbers

Category: Data Analysis, Employment, Inflation, Video

U.S. Poised for Weak End to Year

So much for the decoupling:

Source:
U.S. Poised for Weak End to Year
Consumer Caution and Global Slowdown Confound Forecasts
KELLY EVANS
WSJ, August 11, 2008   
http://online.wsj.com/article/SB121840429062728035.html

Category: Economy, Video

Meet The Press: Treasury Secretary Henry Paulson

Treasury Secretary Henry Paulson gets grilled by Tom Brokaw — live from Beijing.



Running time, 07:36 minutes

Thank to VJ for alerting TBP about this this video, who posted the following comment:

"Brokaw repeatedly splashes Paulson in the face with reality on this morning’s Meet the Press: * Tells him the stimulus checks that his Treasury sent out "had about as much effect as a BB gun on a bear". * Displayed his ‘CONTAINED’ quote up on the screen, "I don’t see [subprime mortgage market troubles] imposing a serious problem. I think it’s going to be largely contained." * Showed the video of Chimpy saying that "Wall Street got drunk". Paulson said that in 5 months, he exits, stage Right."

Who knew Brokaw had the stones to grill a senior politico?

UPDATE: August 10, 2008 7:12pm

It looked much harder hitting on NBC than it does on the web. There were more pull quote — they all looked rather foolish. Perhaps that gave the audio interview a tougher appearance than warranted

Category: Credit, Economy, Video

The Risks of Desert Farming

Nice video on the NYT about how Israel is irrigating high-tech desert farming. High food prices have made certain previously unlikely farming profitable.

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click to play video

Desert_farming


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Source:
Can Israel Find the Water It Needs?   
ANDREW MARTIN 
NYT: August 9, 2008   
http://www.nytimes.com/2008/08/10/business/worldbusiness/10feed.html

Category: Commodities, Video

Faber: Global Economy in Recession

Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg’s Kathleen Hays about the euro’s performance against the U.S. dollar, the commodities market and the global economy. The euro fell the most in almost eight years against the dollar as traders pared bets the European Central Bank will raise interest rates as the economy slows.

click for video

Faber_video

00:00 Euro versus dollar; "global recession"
01:54 U.S. economy, ECB rates; commodities market
04:14 Investment strategy: dollar, Japan
Running time 05:18

Source:
Faber Says Global Economy in Recession; `Long’ on Dollar: Video
Bloomberg, August 8, 2008 15:27 EDT

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUSFhyJW5QGU

Category: Currency, Economy, Video

Interview: Richard Syron, Freddie Mac chairman & CEO

Freddie Mac Fires Back, Pt. 1
Inside Freddie Mac, with Richard Syron, Freddie Mac chairman & CEO and CNBC’s Maria Bartiromo.

click for video
Freddie_mac_richard_syron_1

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Part II:  Freddie Mac Fires Back, Pt. 2
click for video

Freddie_mac_2

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Thanks, Dougie!

Category: Credit, Real Estate, Video