Posts filed under “Video”
Crude Oil is trading at $59 and change tonite.
China Stimulus and Oil Prices – Analysis and Discussion with Antoine Halff of Newedge USA; Oil Price Down 58% from High, a Dramatic Drop But Still High Historically
00:00 Impact of China’s stimulus package on oil
01:36 Outlook for oil prices; Russian oil supply
Running time 03:17
Newedge’s Halff Sees Oil Prices Bottoming Around $60: Video
Bloomberg, Nov. 11 2008
Joel Naroff, president of Naroff Economic Advisors, talks with Bloomberg’s Carol Massar from Philadelphia about Fannie Mae and Freddie Mac’s potential plan for a new mortgage modification program and outlook for the U.S. housing market. Fannie and Freddie will reduce principal or interest rates on some loans and extend the terms of others, people briefed on the matter said. (“Morning Call” is seen weekdays on Bloomberg TV. Source: Bloomberg)
00:00 Potential effects of loan modification plan
01:59 Fannie, Freddie; approach to housing crisis
Running time 04:01
Naroff Says Curbing Foreclosures Key to Housing Recovery: Video
Bloomberg, Nov. 11 2008
Note my 5 stages of grief meme has taken hold:
The five stages of death are denial, anger, bargaining, depression and finally, acceptance. We bring it up, because right now, Wall Street is really struggling with that last one, acceptance.
We’re talking about the death of that time honored investment strategy, buy-and-hold. Investors just can’t let go, and they need to.
Thanks to black October, the S&P 500 has now lost a fifth of its value over the last 10 years. According to Jeff Macke, “2008 is the year that will go down in history as the year that long term investment died as a thesis.”
And that means it’s time to move on.
But just because buy-and-hold is pretty much dead and buried, that doesn’t mean you can’t make money anymore.
The Death of Buy and Hold
Jeffrey Frankel, a professor at Harvard University and member of the U.S. panel that determines when economic recessions and expansions begin, talks from Cambridge, Massachusetts, about the outlook for the U.S. economy and China’s $586 billion economic stimulus package.
00:00 U.S. recession outlook, “bleak” prospects
03:01 China’s rescue program and economy
Running time 05:16
Harvard’s Frankel Sees China Plan Helping Global Economy: Video
Bloomberg November 10, 2008 15:45 EST
Barron’s Michael Santoli addresses the long-term outlook for consumer spending, and what it means for the stock market and economy.
Stone Cold Spending Slow – When’s the Thaw?
Edward Liddy, chief executive officer of American International Group Inc., talks about the $150 billion government rescue package for AIG, the company’s potential to repay this loan, and some of transaction’s terms.
00:00 Reasons to renegotiate AIG’s bailout package
01:15 “We could continue to suffer losses.”
01:55 Taxpayers impact; guarantee “a big word”
03:19 “Potential” for taxpayer full compensation
04:09 Revenue from asset sale; AIG’s strength
05:25 Terms of securities lending program
07:20 Fed’s role in CDOs; “numbers are reliable.”
08:36 Bloomberg News’s lawsuit for disclosure
Running time 09:59
Liddy Says AIG to Raise Enough to Repay Government Loan: Video
Allan Dodds Frank
Bloomberg, November 10, 2008 12:06 EST