Posts filed under “Video”

Feldstein: Low Rates May Not Boost U.S. Growth

Harvard University economist Martin Feldstein, a member of the committee that charts American business cycles, said the Federal Reserve cannot count on low interest rates to buoy economic growth.

"Lower interest rates are not going to get us anything more,” Feldstein, who retired in June as president of the National Bureau of Economic Research. The economy has really shown one sign after another of weakening.”

click for video
Martin_feldstein

(why this sometimes works with on a Mac and sometimes not is beyond me)

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Source:
Feldstein Says Low Rates May Not Boost U.S. Growth
Anthony Massucci and Kathleen Hays
Bloomberg, Aug. 21 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOSuPYNhx2bo

Category: Economy, Fixed Income/Interest Rates, Video

Take A Load Off Fannie

Interesting juxtaposition!

Hat tip:  A.Deluca

Category: Credit, Real Estate, Video

Political Futures Markets on CNBC

How funny is this?

Cashing in on the Race:  The Intrade political futures market shows shares of Barack Obama has gone up nearly four points, with CNBC’s Scott Cohn   

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Critic_intrade

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One correction to the video: Intrade did actually have Biden as the top Veep pick

Category: Markets, Politics, Video

With celebrations set to kick off in Denver for the Democratic National Convention, the JOURNAL travels to Colorado where tough economic times are hitting suburban communities.

Click for Video:
Bill_moyers_denver

PBS and Bill Moyers go to the suburbs of Denver as the Democratic Convention is about to being to speak to "real people" — not Economists or Politicians:

Working Americans, and that’s most people, are experiencing the "big squeeze." In fact, they’re trying to survive one of the most profound social and economic changes in our history. The middle class is disappearing, facing a decline in standards of living. So you’d hope that the Democrats in Denver next week and the Republicans in St. Paul the following week would confront this crisis head on and not just serenade struggling families with a chorus of sympathetic but meaningless sound bites.

As wages stagnate, prices are soaring. Economists call this pain the "misery index." It’s a combination of the unemployment and inflation rates, and it’s what politicians have in mind when they ask, "Are you better off than you were four years ago?" Well, the misery index is the highest it’s been since George Bush’s father became president, seventeen years ago.

When it comes to feeling the misery index, however, you don’t go to the economists or the politicians. You go to where regular people live. And that’s what we have been doing on this broadcast for months now. We’ve seen how the mortgage crisis has devastated neighborhoods in Cleveland, how workers in Los Angeles are scrambling for a living wage, and how gas and food prices are choking the ability of food pantries to stave off hunger here in metropolitan New York.

This relates to our earlier discussion on Intersting stuff, Psychological Recessions.

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Source:
Denver Reality
BILL MOYERS
The Journal, August 22, 2008
http://www.pbs.org/moyers/journal/08222008/watch.html

Category: Economy, Employment, Video

Bove: Fuld Has Three Days to Solve Lehman’s Problems

Richard Bove, an analyst at Ladenburg Thalmann & Co., talks about the possible sale of Lehman Brothers Holdings Inc. or some of its assets. Korea Development Bank said it’s "considering" an investment in the company and is "open" to an acquisition, according to a Reuters report. Lehman is the fourth-biggest U.S. securities firm.

click for video
Bove_leh

00:00 Potential bidders for Lehman
01:24 Fuld has "run out of options."          
02:52 Potential share valuation in transaction

Running time 03:31

Source:
Bove Says Fuld Has Three Days to Solve Lehman’s Problems: Video
Aug. 22 (Bloomberg,  August 22, 2008 11:17 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awb.LjDNxr7M

Category: Credit, Finance, M&A, Video

Bove: Fuld Has Three Days to Solve Lehman’s Problems

Richard Bove, an analyst at Ladenburg Thalmann & Co., talks about the possible sale of Lehman Brothers Holdings Inc. or some of its assets. Korea Development Bank said it’s "considering" an investment in the company and is "open" to an acquisition, according to a Reuters report. Lehman is the fourth-biggest U.S. securities firm.

click for video
Bove_leh

00:00 Potential bidders for Lehman
01:24 Fuld has "run out of options."          
02:52 Potential share valuation in transaction

Running time 03:31

Source:
Bove Says Fuld Has Three Days to Solve Lehman’s Problems: Video
Aug. 22 (Bloomberg,  August 22, 2008 11:17 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awb.LjDNxr7M

Category: Credit, Finance, M&A, Video

Danielle Park: “Decoupling is a Buncha Bunk”

BNN interviews Danielle Park, portfolio manager, Venable Park Investment Counsel. I am having a hard time finding anything to disagree with her about!
(I am less bullish about the dollar as anything other than a short term
countertrend rally)

click for video
Decoupling_is_a_buncha_bunk

Danielle has some terrific quotes in this piece:

"Sell Strength"

"Canada sells rocks and trees"

"Secular Bear in stocks started in 2000, Cyclical Bull began 2002 – 07, Cyclical Bear began in 2007."

"Its a fundamentally different climate than ’82-99"

"You cant buy always you cant hold always"

"Ignore day-to-day gyrations, focus on weekly and monthly trends"

Who is this lady? Why don’t we have more strategist like this in the US? She’s terrific!


Related:
Danielle Park’s Juggling Dyamite
http://www.jugglingdynamite.com/

Category: Economy, Investing, Markets, Psychology, Video

NY Gov. David Patterson on the State’s Economic Emergency

NY State could face its worst hardship since the Great Depression, warns NY Governor David Patterson

click for video
Gov_patterson

Category: Economy, Video

NY Gov. David Patterson on the State’s Economic Emergency

NY State could face its worst hardship since the Great Depression, warns NY Governor David Patterson

click for video
Gov_patterson

Category: Economy, Video

A Bottom in Housing? You’ve Got to Be Kidding!

I have an interesting discussion on Housing later this week, but for now, let’s look at this Yahoo video n another bottom call in Housing.  (Note that the charts discussed are linked below)

Here are the relevant charts regarding Home Sale and Rental ratios, as well as Median Income and Home prices.

Charts:

Median New Home Prices vs Median Household Disposable Income
http://www.comstockfunds.com/files/NLPP00000/312.pdf

Home Price Appreciation vs CPI – Rent
http://www.comstockfunds.com/files/NLPP00000/313.pdf

   

Previously:
Revisiting Housing Seasonality & the Perennial Bottom Callers (July 1008)
http://bigpicture.typepad.com/comments/2008/07/revisiting-seas.html

Source:

A Bottom in Housing? You’ve Got to Be Kidding
 
Henry Blodget
Yahoo Tech Ticker Aug 13, 2008 07:30am EDT
http://finance.yahoo.com/tech-ticker/article/47438/A-Bottom-in-Housing-You’ve-Got-to-Be-Kidding

Category: Real Estate, Video