U.S. Poised for Weak End to Year

So much for the decoupling:

U.S. Poised for Weak End to Year
Consumer Caution and Global Slowdown Confound Forecasts
WSJ, August 11, 2008   

Category: Economy, Video

Meet The Press: Treasury Secretary Henry Paulson

Treasury Secretary Henry Paulson gets grilled by Tom Brokaw — live from Beijing.

Running time, 07:36 minutes

Thank to VJ for alerting TBP about this this video, who posted the following comment:

"Brokaw repeatedly splashes Paulson in the face with reality on this morning’s Meet the Press: * Tells him the stimulus checks that his Treasury sent out "had about as much effect as a BB gun on a bear". * Displayed his ‘CONTAINED’ quote up on the screen, "I don’t see [subprime mortgage market troubles] imposing a serious problem. I think it’s going to be largely contained." * Showed the video of Chimpy saying that "Wall Street got drunk". Paulson said that in 5 months, he exits, stage Right."

Who knew Brokaw had the stones to grill a senior politico?

UPDATE: August 10, 2008 7:12pm

It looked much harder hitting on NBC than it does on the web. There were more pull quote — they all looked rather foolish. Perhaps that gave the audio interview a tougher appearance than warranted

Category: Credit, Economy, Video

Category: Financial Press

Lessons Learned From A Dangerous Year

Category: Apprenticed Investor, Economy, Markets, Trading

The Risks of Desert Farming

Nice video on the NYT about how Israel is irrigating high-tech desert farming. High food prices have made certain previously unlikely farming profitable.


click to play video



Can Israel Find the Water It Needs?   
NYT: August 9, 2008   

Category: Commodities, Video

Who is the least trustworthy C.E.O. on Wall Street?

Category: Corporate Management

Me Media Madness!

Category: Media

Faber: Global Economy in Recession

Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg’s Kathleen Hays about the euro’s performance against the U.S. dollar, the commodities market and the global economy. The euro fell the most in almost eight years against the dollar as traders pared bets the European Central Bank will raise interest rates as the economy slows.

click for video


00:00 Euro versus dollar; "global recession"
01:54 U.S. economy, ECB rates; commodities market
04:14 Investment strategy: dollar, Japan
Running time 05:18

Faber Says Global Economy in Recession; `Long’ on Dollar: Video
Bloomberg, August 8, 2008 15:27 EDT


Category: Currency, Economy, Video

Fannie & Freddie & Peter Pan Paulson

Category: Bailouts, Corporate Management, Credit, Real Estate

Oil Donations to Prez Campaigns

Category: Energy, Politics