Posts filed under “Video”
David Ranson, of H.C. Wainwright & Co. Economics Inc., tells Dow Jones Newswires that accelerated bankruptcy would be a better option to resolve the current financial crisis.
Why Paulson’s Plan Won’t Work
Jan Hatzius, chief U.S. economist at Goldman Sachs & Co., talks with Bloomberg’s Carol Massar and Julie Hyman about the outlook for the October employment report and the need for another government-sponsored stimulus package. (Source: Bloomberg)
00:00 Hatzius previews the jobs report
01:54 Fed rate cuts; need for stimulus package
Running time 04:59
Hatzius Sees U.S. Unemployment at 8% by End of 2009: Video
Bloomberg, November 7, 2008
Kitco Bullion Dealers senior analyst Jon Nadler discusses how the U.S. dollar and the exodus of fund money from commodities are impacting the outlook for gold prices.
A Golden Future?
via the Onion
European Central Bank President Jean-Claude Trichet talks about the bank’s decision to cut its benchmark interest rate to 3.25 percent, the prospect of further reductions and the outlook for the euro-area economy. Trichet said he can’t rule out a further reduction in interest rates after today’s half point cut because the global financial crisis may lead to an extended economic slump.
00:00 Decision to cut rates by 50 basis points
00:52 “Substantial” alleviation of inflation risks
01:38 Confidence is “what is lacking the most”
02:11 Interest rates “good” for price stability
02:39 Next meeting of ECB policy makers
03:27 Options considered; next rates meeting
04:44 Global financial turmoil, ECB’s response
06:42 Euro-zone economic growth projections
08:25 Refinancing arrangements; currencies
Running time 10:01
Last Updated: November 6, 2008 12:39 EST
Trichet Says ECB May Reduce Rates Again Next Week
Ben Sills and Gabi Thesing
Bloomberg, October 27 2008
Nearly every sector of the financial world is mid-way through a painful unwinding of all things leverage. That’s right, I said nearly every sector. Triple-levered ETF funds have just launched and my guest blogger and investor Paul Kedrosky calls them ticking time bombs waiting to explode.
Why the market likes them, and Kedrosky hates them in the clip.
When Exchange Funds Go Bad
Yahoo Tech Ticker Nov 05, 2008 02:00pm