Posts filed under “Video”
Not my favorite Bear — but give credit to Bloomberg for the timing of this interview:
David Tice, founder of the $1.2 billion Prudent Bear Fund in St. Thomas, Virgin Islands, discusses the U.S. equity market. The Standard & Poor’s 500 Index may drop below 800 as the economy slows, he said. The benchmark for U.S. stocks fell 2.3 percent today to 1,244.69, sending the index into its first so- called bear market since 2002.
On the market’s decline: "We sometimes we use the word `depression’ because a recession connotes really just an inventory adjustment, etc. What we’re talking about doesn’t have to be as bad as the Great Depression, but it’s a major long-term readjustment of the economy.”
Prudent Bear Founder Tice Says S&P 500 Will Fall Below 800
Michael McKee and Katherine Greene
Bloomberg, July 9 2008
Ted Koppel has a four part series on the Discovery channel, beginning tonight, on China.
Part 1: Joined at the Hip — Wed., July 9, at 10 p.m. ET/PT
Part 2: MAOism TO MEism — Thur., July 10, at 10 p.m. ET/PT
Part 3: The Fast Lane — Fri., July 11, at 10 p.m. ET/PT
Part 4: It’s the Economy, Stupid — Sat., July 12, at 10 p.m. ET/PT
It looks quite fascinating . . .
Ted Koppel’s ‘Capitalism’ pays off big
USA TODAY, July 08 2008
Ted Koppel Opens Up About Meet the Press, Nightline and Conan
Media Bistro, TUESDAY JUN 24, 2008
The People’s Republic of Capitalism
Review: ‘People’s Republic of Capitalism’ on Discovery
Discovery, July 9, 2008
tonight through Saturday at 10
Boone Pickens details to reduce America’s dependence on foreign oil:
UPDATE: July 9, 2008 9:43pm
Jeff Matthews points out Picken’s flip flop
“I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don’t want to be a part of putting that on the horizon. I think it’s homely and I don’t like it. We took a loss and got out of it and I’m glad I did.”
—T. Boone Pickens, Bloomberg, February 17, 2005
Boone Pickens: A man with an energy plan
C/NET July 8, 2008 4:20 PM
Big Pickens: T. Boone, the Oilman, Ups the Ante in His Wind Bet
Environment, July 8, 2008, 2:11 pm
Texas oilman T. Boone Pickens wants to supplant oil with wind
USA TODAY July 8, 2008
Serious words from Robert Rubin:
"Former U.S. Treasury Secretary Robert Rubin said that the world economy still faces "extended difficulties” from the fallout of the U.S. subprime mortgage crisis and rising energy and food costs.
"It’s possible that it could get better during the course of this year, but it’s far more likely that we will have extended difficulties for quite some time yet if you consider what is happening with housing prices, the price of oil and so much else,” Rubin said today in an interview in Rome.
Record oil and food prices are fueling inflation and choking growth at a time when the fallout from the U.S. subprime mortgage market meltdown has already taken a toll on the global expansion. The Organization for Economic on June 4 cuts the growth forecast for its 30 members to 1.8 percent for this year, the slowest since 2002."
click for video
Rubin Says Economy Facing `Extended Difficulties’
Alessandra Migliaccio and Flavia Rotondi
Bloomberg, July 1 2008
Marc Faber, publisher of the Gloom, Boom & Doom Report, talks about the U.S. and emerging-market economies, the state of financial-services industry and the outlook for commodity markets.
00:00 U.S. economy; financials in "disarray"
01:09 "Negative" about emerging-market economies
02:21 Outlook for commodity markets, oil
Marc Faber Expects Industrial-Commodity Demand to Drop
Bloomberg, July 1 2008
James Grant, editor of Grant’s Interest Rate Observer, and Brad Hintz, an analyst at Sanford C. Bernstein & Co. and a former chief financial officer of Lehman Brothers Inc., talk about the outlook for U.S. consumer spending, Treasury Secretary Henry Paulson’s call for regulatory changes that would allow financial firms to fail without threatening market stability and the outlook for brokerages
A quick FYI:
Via a Feedback Ticket from Bloomberg Media
In response to the question: "Why is it that your embedded player has no sound when I play on my Mac OS X?"
Bloomberg Feedback Team: There are compatibility issues with newer Macs. We hope to convert to Flash player in the future.
Now, is this the near future or 20012
More straight talk from an old hand in the building sector:
"Billionaire investor Eli Broad said the U.S. economy is in the "worst period” of his adult life as a housing market recovery remains "several years” away.
"This is worse than any recession we’ve had since World War II,” Broad, 75, said in an interview yesterday. Broad, the founder of homebuilder KB Home, said the U.S. should avoid a depression on the scale of the 1930s because the country now has sufficient "safety nets.”
The economy expanded at an annual rate of 1 percent in the first quarter, the Commerce Department said last week. That caps the weakest six months of growth in five years. The U.S. lost 49,000 jobs in May, when the unemployment rate rose to 5.5 percent, the fifth straight month with a drop in payrolls and the biggest jump in the jobless rate in more than two decades.
"This is the worst period of my adult lifetime,” Broad said, speaking about the U.S. economy. "I do not think things are going to get any better” before the next president takes office in January.
Check out that chart in the background — Ouch!
Broad Says Economy in Worst Slump Since World War II
Anthony Massucci and Erik Holm
Bloomberg, July 1 2008
We looked at what Murdoch was altering at the WSJ not too long ago in Murdoch’s WSJ Changes Creates Opening for NYT, FT.
Rupert Murdoch: The Last Hope for Journalism?
Part I: Murdoch’s Methods
Parts II & III after the jump.
Murdoch’s WSJ Changes Creates Opening for NYT, FT (April 2008)
Mr. Murdoch Goes to War
Atlantic, July/August 2008