Video-o-rama: Financial markets in turmoil

By Prieur du Plessis, on October 23rd, 2008 posted in: Investment, Markets, Money 2 people had their say - chime in!

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So much has happened in the financial markets lately, prompting me to pre-empt the customary Sunday edition of the “Words from the Wise” post by sharing with you a number of video clips that have attracted my attention over the past few days. My apologies to those with equipment not geared to viewing this material, but I have attempted to include the written word where at all possible.

Firstly, back to basics with a rudimentary explanation of the accounting side of the mess in which we find ourselves embroiled.

YouTube: Understanding the financial crisis

Source: YouTube, October 21, 2008.

Next, a number of video clips from various market commentators on the lie of the land, kicking off with perennial bear (and friend) Nouriel Roubini.

CNBC: The unfolding financial crisis
“Discussing the current market environment, with Nouriel Roubini, of RGEMonitor.com, and Jack Rivkin, former Neuberger Berman CIO.”

Source: CNBC, October 22, 2008.

Charlie Rose: A conversation with Henry Paulson, United States Treasury Secretary

Source: Charlie Rose, October 21, 2008.

Bloomberg: Bernanke’s own words on economy, new fiscal stimulus
“Federal Reserve Chairman Ben Bernanke testified today before the House Budget Committee about the outlook for the US economy, the government’s efforts to restore confidence in financial markets and prospects for a new fiscal stimulus package. This report is a compilation of Bernanke’s remarks.”

Source: Bloomberg, October 20, 2008.

Bloomberg: Merrill Lynch’s John Thain on the credit crisis
“John Thain, chief executive officer of Merrill Lynch, talks with Bloomberg about the company’s $50 billion takeover by Bank of America and the US government’s response to the credit crisis. Thain turned to Bank of America CEO Kenneth Lewis last month after a crisis of confidence in Wall Street firms forced Lehman Brothers into bankruptcy and raised speculation Merrill could be vulnerable.”

Source: Bloomberg, October 20, 2008.

Barry Ritholtz (The Big Picture): Round table discussion at Forbes

Source: Barry Ritholtz, The Big Picture, October 21, 2008.

Charlie Rose: A conversation with Sheila Bair, chairman of the FDIC

Source: Charlie Rose, October 17, 2008.

The Colbert Report (The Daily Show): Talking to Joseph Stiglitz

Source: The Colbert Report, The Daily Show, October 14, 2008.

Bloomberg: Marc Faber says stocks may rally, won’t reach records

Click here for the full article.

Source: Bloomberg, October 20, 2008.

John Authers (Financial Times): Is it safe to go back in the water?
“The worst of the crisis in interbank lending seems to be behind us, but investors are still anxious about lending to anyone risky, says John Authers.”

Click here for the full article.

Source: John Authers, Financial Times, October 20, 2008.

Bloomberg: Strategist Thin says “no end in sight” to dollar’s rise
“Win Thin, senior currency strategist at Brown Brothers Harriman, talks with Bloomberg’s Betty Liu about the dollar’s gains and the impact on the equity market, the outlook for Federal Reserve monetary policy and concerns about growth in emerging markets.”

Source: Bloomberg, October 22, 2008.

Financial Times: Time for the Midas touch?
“Javier Blas looks at whether it’s the right time to invest in gold.”

Source: Financial Times, October 17, 2008.

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