Posts filed under “Video”

Faber: Fed Acted Like a Liquidity Drug Dealer

Faber calls out the Fed for their responsibility in the current crisis:

click for video


Liquidity will dry up even more, volatility will stay high and
financial assets are going to suffer as the crisis continues to unfold.
The bailout plan is unlikely to work and the global economy will take
the hit, he predicted.

“People rely on the people in Congress, at the Fed, at the Treasury,
people that brought us into this trouble, to take us out of trouble. I
don’t think they will succeed,” Faber said. “We can have recovery
rallies but a new high on the S&P is practically out of the
question for a very long time. In real terms, equities are still very
high and economically, I think the world will go into a slump.”

“Next year, if the economy in the U.S. is as weak as I think it
would be, the trade and the current account deficit will continue to
contract,” Faber said. “When global liquidity contracts, it’s not a
good time for financial assets.”

Other sources of funding, such as foreign reserves of resources-rich
countries, are also likely to dry up, Faber said. “I think sovereign
wealth funds are going to be very busy supporting their own markets,
they won’t have much money to buy assets around the world.”

The next emergency measure will be that Americans are not allowed to
buy foreign currency and transfer money overseas, and the next measure
will be not permitting Americans to buy gold and so on and so forth… It
creates even more uncertainty in the market place when you continually
change the rules.


Fed Acted Like a Liquidity Drug Dealer: Economist | 23 Sep 2008 | 05:10 AM ET

Category: Video

Jeff Saut: Odds Rising for U.S. Recession

Jeffrey Saut, chief investment strategist at Raymond James & Associates Inc., talks about the performance of equities and the impact of short covering on market activity, the outlook for a recession in 2009, and investment strategy.

click for video


Running time 03:50

00:00 Equity market: "lows are in for the year"
00:59 Outlook for recession in 2009; strategy
02:19 Performance of stock market, short coverings



Jeffrey Saut Sees Rising Odds for U.S. Recession in 2009: Video
Bloomberg, September 22, 2008 08:35 EDT

Category: Economy, Video

Economists Warn Market Close To Collapse

Very amusing:

Economists Warn Anti-Bush Merchandise Market Close To Collapse

Category: Video

Bill Moyers Speaks with NYT’ Gretchen Morgenson and Floyd Norris

Saving Capitalism from the Capitalists:

click for video

Read More

Category: Credit, Derivatives, Video

Bill Moyers & Kevin Phillips on Bad Money

Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.

click for video

September 19, 2008


Read More

Category: Bailouts, Currency, Economy, Video

Krugman: “We Are Socializing American Finance”

Paul Krugman, an economics professor at Princeton University, talks about the U.S. government’s move to cleanse banks of troubled assets and halt an exodus of investors from money markets and the outlook for the U.S. financial-services industry and economy

click for video

00:00 "Socialization" of U.S. financial system
01:51 Bailout’s justification; "inevitable" rescue
04:13 The outlook for U.S. banks is "not clear."
05:02 "Weakening" economy into next year
Running time 05:57

Krugman Sees `Socialization’ of U.S. Financial System: Video
Bloomberg, September 19, 2008 17:53 EDT

Category: Bailouts, Taxes and Policy, Video

AIG, This Week’s Technical Call

Technicals, AIG, Markets, Tuesday at Yahoo Tech Ticker

Category: Markets, Technical Analysis, Trading, Video

The CNBC Octagon

The Economy & You – Wall Street Collapse: Jon figures the Wall Street collapse won’t hurt you, assuming you fit into one of a few broad archetypes.


Category: Bailouts, Markets, Video

Dylan Ratigan: S&P Needs to Take Responsibilty

Holy snikes!

Dylan Ratigan goes postal on Jay Dhru, head of financial institutions ratings at Standard & Poor’s, on the recent downgrades in the financial sector.

When CNBC calls out the guys who are in part responsible for this mess, it is delicious television, and wonderful journalism.

Its a shame there aren’t more moments like this:

Click for video

Can you imagine what the producers were screaming in Ratigan’s ear during the Interview?

At one point he presses his question and then says he’ll shut up. The way Maria signed off suggests the Producers were screaming at him–then gave him a time out. Just look at his expression as they close out the interview — that’s how a 6-year-old looks when they get caught with their hand in the cookie jar! I guess only Cramer gets to go postal on the network.

The lessons here simple: Don’t rate garbage Triple A, and don’t piss off Dylan Ratigan!

Category: Credit, Video

Clueless Fund Manager of the Day: Blaming Short Sellers

Wow, this guy Christopher Ailman is utterly clueless.  I don’t usually say things like this, but "Way to keep your eye on ball, genius!"

I don’t have much of a problem with the uptick rule — its pointless, and is easily worked around by hedge funds — but i can take it or leave. And, I agree that rules against naked short-selling — already illegal — should be enforced.

But if you think the current economic, credit and financial problems are caused by shorting, you are simply a smoking too much dope. (Don’t do drugs, or you will end up a brain-dead piece of lawn furniture).

Idiots . . .


Curbing Short Sellers
click for video

One of the nation’s top pension funds taking aim at short sellers,  with Christopher Ailman, CalSTRS CIO and CNBC’s Maria Bartiromo.

To review, it wasn’t the excess leverage, or the under-capitalization, or the lack of risk controls, or the bad investments in all of the real estate related paper, or the insolvency — it had nothing to do with the nonfeasance on the part of the Fed, and the SEC going AWOL — no, it was the short selling.

Financial punditry has reached new lows — and with Luskin and Ben Stein running around, that ain’t easy.


This blame game is short on logic
Douglas Kass
FT,  August 21 2008 20:02

Web based PDF 

Category: Credit, Short Selling, Video