Posts filed under “Video”

The Pursuit Of Happiness

Fascinating stuff:  Little Denmark, with its five-and-a-half million people, is the happiest country in the world, says a study done by an English University. 60 Minutes reports why the Danes are so happy and explores why the U.S. is way down the list.

 

 

See also this study:

Mirror, mirror on the wall, who is the happiest of them all? (PDF)

Center for Research in Economics, Management and the Arts, May 2008
http://www.crema-research.ch/papers/2007-16.pdf

Source:
And The Happiest Place On Earth Is…
Morley Safer On Why The Danes Are Considered The Happiest People On Earth
60 Minutes, June 15, 2008   
http://www.cbsnews.com/stories/2008/02/14/60minutes/main3833797.shtml

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Category: Psychology, Video

WSJ Interview: George Soros

Interesting interview with George Soros:

WSJ: You argue that the crises we’ve experienced in the past 25 years have been, in retrospect, "testing events" that convince us the system is stable, encourage us to take even bigger risks, leading to one, cataclysmic collapse. Could this be just another testing event?

Mr. Soros: Each time the authorities saved us, that reinforced the belief that markets are self-correcting. Each time when you bail out the economy, you need to find a new motor, a new source of credit and a new instrument that allows for the credit expansion. [It's] difficult to imagine what you can do when you are already lending effectively 100% on inflated house prices.

I have a record of crying wolf at these times. I did it first in "The Alchemy of Finance" [in 1987], then in "The Crisis of Global Capitalism" [in 1998] and now in this book. So it’s three books predicting disaster. [After] the boy cried wolf three times … the wolf really came. If we can sail through this without a recession, then the superbubble story is seriously impacted … I [will] have cried wolf again. Unfortunately, if you go into a recession, [it is not] proof of reflexivity, or vice versa.

WSJ: How is that you are rich despite your world view having been wrong so far?

Mr. Soros: I’m only rich because I know when I’m wrong.

There are no more important or truer words in trading than this: Bad trade, I was wrong, sell out the position. (That sounds strangely familiar) Soros makes it clear that he understands that quite well.

The whole interview is worth a few minutes of your precious weekend time . . .

Video

Hey Greg! Your cube’s desk looks awfully clean . . .  Oh, that’s right — I almost forgot!

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Source:
Soros, the Man Who Cries Wolf, Now Is Warning of a ‘Superbubble’
GREG IP
WSJ, June 21, 2008; Page B1

http://online.wsj.com/article/SB121400427331093457.html

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Category: Commodities, Economy, Markets, Psychology, Video

Oil Producers to Meet to Discuss Supply, Prices

Government leaders and oil producers will meet in Saudi Arabia over the weekend to discuss record crude prices. Saudi Arabia, the world’s biggest oil producer, is considering raising production. But will this solve the problem?

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Oil_mtg

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Related:
Exploding commodity prices, lax monetary policy, and sovereign wealth funds   
Guillermo Calvo
20 June 2008
http://www.VoxEU.org/index.php?q=node/1244


Source:
Leaders, Oil Producers to Meet to Discuss Supply, Prices: Video
Rebecca McLaughlin-Duane
Bloomberg, June 19, 2008 23:12 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aH.1Hqoy5AJI

Category: Commodities, Energy, Video

Poole: Fed Has to Deter Inflation From Fueling Wages

Former Federal Reserve Bank of St. Louis President William Poole talks about monetary policy, the outlook for inflation and the housing market, and the Fed’s response to the turmoil in credit markets.

click for video
Poole

00:00 Fed’s stance on inflation, policy outlook
03:58 Core PCE; energy not a "temporary shock"
05:49 Inflation expectations, wage growth
07:12 State of U.S. banking system
08:32 "More pain" in housing market; energy prices
11:40 Fed’s response to credit market turmoil
14:01 Brokerage regulation; Fed’s independence
15:50 Fed "should stay clear" of dollar policy.

Source:
Poole Says Fed Has to Deter Inflation From Fueling Wages: Video
Bloomberg, June 17, 2008 09:51 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFhz7hzCqm8s

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Category: Federal Reserve, Inflation, Video

GS’s Jan Hatzius on Fed Rates, Inflation & Jawboning

The Fed is putting the spotlight back on inflation concerns:

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Jan_hatzius_gs

Category: Federal Reserve, Fixed Income/Interest Rates, Inflation, Video

Roubini: ‘Long and Protracted’ Recession

Nouriel Roubini, professor of economics at New York University’s Stern
School of Business, talks about May retail sales, Federal Reserve
policy and the outlook for the U.S. economy. Retail sales in the U.S.
rose twice as much as forecast in May, with purchases climbing 1
percent, the most in six months, the Commerce Department said.

click for video
Nouriel_roubini

00:00 Prospects for weaker consumer in autumn
02:05 Fed to hold despite "hawkish" rhetoric
03:22 "Very pessimistic" about housing
04:32 Could be "long and protracted" recession
05:34 GDP to fall for four quarters

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Source:

Roubini of NYU Sees ‘Long and Protracted’ U.S. Recession: Video
Bloomberg,
June 12, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3myVRRgXVSY

Category: Economy, Video

Achuthan: Recession a Bigger Concern Than Inflation

Lakshman Achuthan, a managing director at Economic Cycle Research Institute, talks with Bloomberg’s Carol Massar in New York about the outlook for the U.S. economy, inflation and consumer prices. The consumer price index increased 0.6 percent in May, the Labor Department said today. So-called core prices, which exclude food and energy, rose 0.2 percent. (Source: Bloomberg)

click for windows video
Achuthan

00:00 Recession as "primary concern" over inflation
01:03 "We do not have strong signs of a recovery."
02:50 Reasons why inflation not "out of control"

Source:
Achuthan: Recession a Bigger Concern Than Inflation: Video
Bloomberg,June 13 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az8dsAnExK9c

Category: Economy, Video

Short-Sellers, The Ackman Approach

Via the WSJ Deals Conference:

Category: Short Selling, Video

Byron Wien

Pequot’s Byron Wien on the Recession, Inflation, Valuation and Markets

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click for crappy windows video
Byron_wien

 



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Source:
Mastering the Markets
CNBC, Thurs. Jun. 12 2008 | 8:42 AM
http://www.cnbc.com/id/15840232?video=769003169&

Category: Economy, Video

Shilling Sees ‘Big Nose Dive’ in Consumer Spending June

Gary Shilling, president of A. Gary Shilling & Co., talks about the outlook for the U.S. economy, dollar and Federal Reserve monetary policy.

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click for video
Shilling

00:00 Outlook: "big nose dive in consumer spending"
01:10 Discrepancy between unemployment, payrolls
02:26 Prospects for Fed policy, bond market
05:26 "Very optimistic" on U.S. dollar
07:26 China’s economy, growth outlook

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Source:
Shilling Sees ‘Big Nose Dive’ in Consumer Spending June
Bloomberg, June 11 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6uKx1qEtvAE

Category: Consumer Spending, Economy, Video