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
click for video
Barry,
why do you keep on sending out these videos when we (Mac users) can’t hear a word they are saying?
Paul
And the band played on – “Guns and Water.” Great Idea! Who the hell are they trying to kid that they aren’t scarred as hell?
Because they are seminal.
And while I’m a Mac user at home, that does not affect the content choices I make.
I can sometimes make the Bloomberg video work on a Mac — but its spotty.
More people need to complain to Bloomberg about this.
Barry – this is excellent by two astute observers. Grant is always Grant of course but having heard Hintz here and there now he’s very sharp and understands how business works as a business. What’s the story behind his Lehman departure to analyst (?) migration. Recommend careful thought to all your readers on this. A main Hintz take-away would be rounds 2+ of financial industry impacts plus a long, shallow U-recovery. BUT Grant makes a really scary, fundamental point – a change in the equation of consumer behavior.
Jim Grant on the definition of a bear market: “When the alarm rings, you don’t want to get out of bed.”
I like it.
Paul Gignesi
You need to gt bootcamp and Vista so you can see what the plebians are seeing :)
BTW, saw this when it was first on and thought they made a lot of sense. It’s why I watch Bloomberg instead of CNBC if there’s a choice. They generally don’t shout down people who are cheerleaders.
oops. Meant “aren’t cheerleaders”. Sorry to clutter up the thread. Need to finish my coffee and wake up before posting.
Saw this last night…..Grant is a realist…Hintz is an apologist.
Several times Hintz could have embraced reality but choose not to. Instead sticking to “maybe”, “could be” or other very vague notions of a position.
I especially liked how Hintz dodged the question about effective interest rates (to be fair P. Fox broke to a commercial and never brought it up again)….
But he never answered it…
Ciao
MS
It’s not just Mac, btw.
Doesn’t work on Linux either.
Oh well, now I know I can ignore their site for the most part. Too bad – I’ve been getting into the Bloomberg podcasts, they’re not bad.