Posts filed under “Video”

Jeremy Grantham

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.

click for video:

Source: Consuelo Mack WealthTracker

Hat tip: Paul Kedrosky

Category: Federal Reserve, Markets, Video

Inside Look: Citigroup Gets U.S. Rescue

WTF line: “The strength of the company is underlined by this investment.”

Citi was so strong, it needed a bailout.

November 24, 2008 11:24am

Category: Credit, Finance, Video

Another Crisis, Another Bailout

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

Category: Bailouts, Currency, Federal Reserve, Video

Rogers: Dollar to Be ‘Devalued’

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

Category: Currency, Markets, Video

Lawrence Summers: ‘Beyond the Crisis’

The usually provocative Lawrence Summers takes a middle-road approach to evaluating the future of the economy.

Here’s the entire conversation between Larry Summers, George Soros, and Robert Merton.

via Big Think

Category: Bailouts, Credit, Derivatives, Video

What Citigroup Says About Health of Banking System

WSJ’s Deputy Markets Editor Dennis Berman tells colleague Evan Newmark what he thinks about the Citigroup bailout. He says the rescue raises questions about the viability of the rest of the U.S. banking system.

(Nov. 24)

Category: Credit, Markets, Video

What’s on the Markets Mind This Week?

Barron’s Associate Editor Michael Santoli discusses what to expect from the markets this week. (Nov. 24)

Category: Video

Wilbur Ross on Geithner

Fox News:

November 21, 2008

Category: Bailouts, Federal Reserve, Video

How Will Obama’s Team Spend Money?

Robert Rubin made his name as Treasury Secretary by taming deficits. Two of his protégés, Timothy Geithner and Lawrence Summers, are set to start off in a very different direction in Barack Obama’s administration.

Source: WSJ

Category: Bailouts, Politics, Video

US to Guarantee Over $300 bn in Citi Assets

The U.S. government has agreed to guarantee over $300 billion of Citigroup’s troubled assets. CNBC’s Charlie Gasparino & Steve Liesman deliver this breaking story.

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Category: Bailouts, Credit, Video