Video-o-rama: Gloomy news batters investor sentiment
Risk appetite around the globe deteriorated over the past few days as an avalanche of negative economic and corporate news battered already fragile investor sentiment.
A few of the more interesting video clips that attracted my attention are shared below. Amidst the grim reality of Bernard Madoff’s scam, we start off with Stephen Colbert’s take on Ponzi schemes. And as if we are not already confronted with enough absurdities, the last video, dealing with the porn industry’s plea for bailout money, caps it all. In between, a good dosage of clips on the economy and various asset classes provides stimulating viewing material.
Stephen Colbert: Ponzi schemes
Source: Stephen Colbert, Colbert Nation, January 6, 2009.
CNBC: Roubini – doom & gloom in 2009
Source: CNBC, January 15, 2009.
Bloomberg: Bernanke urges “strong measures” to stabilize banks
“Federal Reserve Chairman Ben Bernanke speaks about the possible need for more capital injections and guarantees to further stabilize and strengthen the financial system. Bernanke, speaking at the London School of Economics, warns that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth. Bernanke also discusses the Fed’s balance sheet, inflation expectations and US unemployment.”
Source: Bloomberg, January 13, 2009.
YouTube: Ben Bernanke holds Q&A session
Live from the London School of Economics, Fed Chairman Ben Bernanke answers questions.
Source: YouTube, January 13, 2009.
YouTube: Congressman Alan Grayson grills Fed Vice Chair Donald Kohn
Source: YouTube, January 13, 2009.
CNBC: Obama on the TARP
“President-elect Barack Obama says many people are disappointed by the TARP’s lack of ‘transparency’.
Source: CNBC, January 12, 2009.
Financial Times: Larry Fink on fiscal policy and the economy
“Larry Fink, chief executive and chairman of BlackRock, talks to FT’s Henny Sender about the forecast for 2009 and the implications for the financial markets. He also discusses deleveraging and his concern that it may be more destructive than the stimulus package.”
Source: Financial Times, January 8, 2009.
PBS: Economists explain why hints of the economic crisis eluded them
“Some of the nation’s brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public.”
Source: PBS, January 9, 2009.
Barron’s: State of the credit crisis
“Barron’s Mike Santoli contends there has been a dramatic improvement in many credit conditions that have been at distressed levels. But have stocks priced in enough of the recession?”
Source: Barron’s, January 12, 2009.
CNBC: Whitney on financials
“Banks may need another round of fresh capital this year, says Meredith Whitney, Oppenheimer & Co. director of research.”
Source: CNBC, January 14, 2009.
Financial Times: Citi fighting for survival
“By splitting of its bad assets, Citi hopes to rescue investors and fight for survival.”
Source: Financial Times, January 13, 2009.
Bloomberg: Biggs – US stocks may rise as economy stabilizes
“Barton Biggs, managing partner at Traxis Partners, talks with Bloomberg’s Matt Miller about the outlook for the US stock market and economy. Biggs, speaking from New York, also talks about the hedge-fund industry, Bernard Madoff’s alleged $50 billion Ponzi scheme and emerging market stocks.”
Source: Bloomberg, January 8, 2009.
CNBC: Doll – “risk assets” will outperform in 2009
“US stocks will see double-digit percentage gains this year, says Bob Doll, CIO of global equities at BlackRock. He adds that 2009 will be a year where ‘risk assets’ outperforms safe assets. He talks strategy, with CNBC’s Martin Soong & Karen Tso.”
Source: CNBC, January 15, 2009.
John Authers (Financial Times): Santa Claus rally is over
“The US financial sector is again dragging down markets.”
Click here for the article.
Source: John Authers, Financial Times, January 14, 2009.
CNBC: Bonds still best bet – Hendry
“Government bonds are still the safest bet for investors in these uncertain times, and the euro will face an uphill battle as weak economies will need more flexibility, Hugh Hendry from Eclectica told CNBC.”
Source: CNBC, January 12, 2009.
CNBC: Cash in on debt
“Besides being overweight on high quality investment-grade corporate bonds, Chew Soon Gek, CIO, Asia at Deutsche Bank Private Wealth Management also likes government bonds for safety.”
Source: CNBC, January 13, 2009.
CNBC: Pickens on renewable energy
“Boone Pickens is taking his renewable energy plan back to Capitol Hill today, and the billionaire oil man discusses the plan with CNBC.”
Source: CNBC, January 13, 2009.
Financial Times: Jim O’Neill on emerging market investments
“Chief economist at Goldman Sachs, tells FT’s David Oakley where to find value in emerging market investments.”
Source: Financial Times, January 9, 2009.
Business Week: A Chinese depression?
“Business Week Chief Economist Mike Mandel explains why China, so far relatively unscathed, could be badly hurt by the rapid fall in global trade.”
Source: Business Week, January 14, 2009.
CNBC: The porn economy
“The ‘Girls Gone Wild’ creator is asking the government for bailout cash, reports CNBC’s Melissa Lee.”
Source: CNBC, January 9, 2009.
