Posts filed under “Video”

O’Neill: Strong Dollar Policy Is ‘Vacuous Notion’

Former U.S. Treasury Secretary Paul O’Neill discusses the U.S. economy and global financial markets, the performance of the U.S. dollar versus other currencies, and the Federal Reserve’s response to the mortgage and credit crisis.

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click for crappy windows media video
Oneill_41608

Former Treasury Secretary Paul O’Neill"

The "strong dollar” policy that he and every other Treasury chief since 1995 endorsed is "a vacuous notion.”

"It implies in it that somehow we have the ability to manage the relationship between the value of the U.S. dollar and other currencies around the world,” O’Neill, now a special adviser to Blackstone Group LP, today said in an interview with Bloomberg Television.

O’Neill roiled currency markets when he was in office from 2001 to 2002, at one point with comments in an interview with a German newspaper that the U.S. pursued a policy of a strong economy, rather than currency. The current Treasury Secretary, Henry Paulson, has repeatedly stated that he is a "very strong” supporter of the "strong dollar” policy.

"When I was Secretary of the Treasury I was not supposed to say anything but ‘strong dollar, strong dollar,”’ O’Neill said today. "I argued then and would argue now that the idea of a strong dollar policy is a vacuous notion.”

The U.S. currency today fell to a record low against the euro, and has declined 15 percent against its European counterpart in the past year.

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Sources:
O’Neill Says U.S. `Strong Dollar’ Policy Is `Vacuous Notion’
Rhonda Schaffler and John Brinsley
Bloomberg, April 16 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ackYQhodd4Nk

O’Neill Says Strong Dollar Policy Is `Vacuous Notion’
Bloomberg, April 16 2008
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vwyrSX9M2QsQ.asf

Category: Currency, Economy, Video

Joseph Stiglitz On The Economy

I have been meaning  to post this since Thursday morning : An interview with Joseph Stiglitz, the Columbia Professor who is a Nobel Prize-winning economist, with his overview of the economy.

Stiglitz recent books include Globalization and Its Discontents (2003) and Making Globalization Work (2006).

The professor pulls no punches — about the economy, President Bush, and Fed Chair Bernanke.

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click for crappy WMV video
Stiglitz

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Sources:
Stiglitz on the Economy
CNBC
Thurs. Apr. 10 2008 | 7:00 DT[08:07]

http://www.cnbc.com/id/15840232?video=708404472

Joseph E. Stiglitz Home Page
University Professor
http://www2.gsb.columbia.edu/faculty/jstiglitz/

Category: Economy, Employment, Video

Is the Bush Admin Trying to Kill Us ?

Too funny:

Category: Politics, Television, Video

How Will Q1 Earnings Compare To Q4?

After Monday’s NYSE close, Alcoa (A) reported a 54% earnings miss, blaming soaring energy costs and the weak dollar, reporting .37 (ex-items .44); .50 to .53 was expected.

For those who believe technology is non-cyclical, i.e., immune from recession, AMD missed Q1 revenue forecasts. The company said sales declined 22%, falling to ~$1.5B (AMD dropped 7% in after-hour trading). In response, the firm is cutting 10% of its workforce (1,600). PALM also issued an earning miss, saying its Q3 loss would increase to .53 vs. a forecast .30. 

Which leads directly to this:

Category: Earnings, Video

New Video Aggregator: Modern Feed

Very nice video aggregator/organizor:

Modern_feed

Note one of my favorite shows is highlighted: ROBOT CHICKEN ! (Hysterical stuff)

(We are not investors on the company)

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Thanks, Gene!

Category: Video, Web/Tech

Forbes Video (3/28/08)

Here is last week’s video via Forbes on more bank write-downs for the Financials and iBanks, and on a long-lasting U.S. recession. Avoid Home Builders.

click for video (2008-03-28)
Forbes_lenz_32808_2


Category: Credit, Derivatives, Video

Mocking Finance Web Videos

OMG, this is frickin’ hysterical:

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Thanks, Aaron

Category: Television, Video, Weblogs

Ghriskey of Solaris: Stocks in `Bottoming Process’: Video

Ghriskey of Solaris Says Stocks in `Bottoming Process’: Video                                             

click for video
Ghiresky

Timothy Ghriskey, who helps manage $2 billion as chief investment officer at Solaris Asset Management, talks with Bloomberg’s Carol Massar in New York about Lehman Brothers Holdings Inc.’s share sale, the outlook for stocks and his investment strategy, including the recommendation of Alcoa Inc., Assurant Inc. and Union Pacific Corp. Bloomberg’s Erik Schatzker and Julie Hyman also speak. (Source: Bloomberg)   

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Source:
Ghriskey of Solaris Says Stocks in `Bottoming Process’: Video
Bloomberg, April 1 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNJTc4ZFU6Ns

Category: Economy, Video

FT: John Authers on Q1 Earnings

Authers notes (like us) there is still way too much optimism on Earnings growth; Even ex-financials, expectations are for double digit  gains:

click for video:
Global_earnings_forecast

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Source:
Short View
FT, March 27, 2008
http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=699507360&

Category: Earnings, Markets, Video

Bloomberg vs CNBC Video: Bleccch

Cnbc_logo_2
Yesterday, I noted how pokey and bug laden the videos are on CNBC.com, saying "I sure wish CNBC would get hip to embeddable flash media, like
BrightCove. The klunky old windows media players crash all the time. (I
don’t understand why they went with this 10 year old technology)."

Turns out there is an even worse Video feed from a major news organization than CNBC.com: Its Bloomberg.com/news/av/

At least CNBC — crash-prone, buggy, ugly and slow — will play on a Mac.

The Bloomberg video — also  crash-prone, buggy, ugly and slow — is Windows only! I can play the video, but not the audio, on a Safari or Firefox browser for OSX.

And speaking of bugs, Bloomberg is the one of that odd collection of web based video that can’t/won’t be captured by a screen grab on a Windows machine. That means that any Bloomberg video you see here (like this one) is the result of watching and coding it on a Dell in the office, than grabbing the (silent audio) video part on the Mac at home, and combining the two.

Don’t you want people promoting your brand and your content?

Its not like Bloomie doesn’t know what embeddable flash is — if you go to this page, their promotional video is not WMP — its flash based! No loading delay, no glitches, just straight up video.

Bloomberg_logo

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Hey Bloomberg.com & CNBC.com:

You folks are paying for the shooting, editing, storing, hosting and bandwidth usage of all this video. I assume you actually want people to see it — to sell subscriptions, to roll adverts, to brand your product.  You are spending all of this money for a product that sends people  running in the opposite direction. 

Every time I post a video from either of your sites, I get email telling me it crashed their browser, or even worse their computer. It is slow, ugly and to be blunt, unprofessional.  Your online video product is in fact damaging your brands. (CNN/Money’s video auto roll is another bit of annoyance, but we’ll save that for another day).

Of all the major  Financial media that run video, only WSJ and NYT seem to have gotten it right.

Um, its 2008. Can we get with program?  The embeddable flash video is circa 2006. Can you find it
in your business models to only be 2 years — not 10 — behind the
technological adoption curve?

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Category: Financial Press, Television, Video, Web/Tech