Video-o-rama: Is the worst of the credit crisis over?

By Prieur du Plessis, on October 31st, 2008 posted in: Investment, Markets, Money

A heavy batch of interesting video clips has appeared over the past few days as pundits were debating whether the worst of the credit crisis was over and what to make of the stock market’s bounce. I am again pre-empting the customary Sunday edition of the “Words from the Wise” post by sharing with you a number of videos that have attracted my attention over the past few days.

First up are a few discussions on the status of the credit crisis, followed by the outlook for economic growth, equities, commodities and currencies. The concluding video deals with lessons from the Japanese banking crisis.

BBC: Steve Forbes – credit crisis: “the worst is over”
“Steve Forbes, the publisher of Forbes magazine, is one of the few people remaining optimistic despite gloomy predictions about the global economy. He talked to Matt Frei about how an economic recovery could be underway.”

Source: BBC, October 29, 2008.

Paul Solman (PBS): Top theorists examine rippling economic turbulence
“As the financial sector shifts, so does the reach of the jolt to economic structures around the world. Economist Nassim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, speak with Paul Solman about chain reactions and predicting the financial crisis.”

Source: PBS, October 21, 2008.

Bloomberg: Harvey Pitt says US regulatory system “badly broken”
“Former US Securities and Exchange Commission Chairman Harvey Pitt talks with Bloomberg about the state of the US financial regulatory system, the need for ‘unified’ regulation and the outlook for market stability. Pitt says systemic risk and monetary policy should remain the focus of an independent Federal Reserve, while ‘the rest’ should be combined in an ‘uber-regulatory agency’.”

Source: Bloomberg, October 28, 2008.

CNBC: Hugh Hendry – recovery could take 20 Years
“The ongoing financial turmoil and economic gloom will take 10 or 20 years to heal, Hugh Hendry, partner at hedge fund Eclectica, told CNBC.”

Source:CNBC, October 22, 2008.

Bloomberg: Mishkin sees “significant” odds inflation may go too low
“Former Federal Reserve Governor Frederic Mishkin talks with Bloomberg about the US government’s response to credit turmoil, the housing and mortgage markets and Fed monetary policy.”

Source: Bloomberg, October 28, 2008.

Bill Moyers Journal: Interview with James Galbraith
“Bill Moyers sits down to talk about the economic future with James Galbraith, Chair in Government/Business Relations at the LBJ School of Public Affairs of the University of Texas at Austin.”

Source: Bill Moyers Journal, October 24, 2008.

Bloomberg: The government’s next move
“An exclusive interview with former Treasury Secretary and current Obama adviser Roger Altman.”

Source: Bloomberg (via Clip Syndicate), October 24, 2008.

Bloomberg: Faber – “I think Mr. Bernanke is a disaster”
“Marc Faber, publisher of the ‘Gloom, Boom & Doom Report’, talks with Bloomberg about today’s Federal Reserve decision to cut the central bank’s benchmark interest rate by half a percentage point to 1%, the outlook for the US economy and stock market, and the likely impact of the US presidential election on equities.”

Source: Bloomberg, October 29, 2008.

CNBC: Is this the bottom and the turn?
“The Dow gained a massive 11% in Tuesday’s trading session. Is this the bottom and the turn? Wilbur Ross, Chairman & CEO of WL Ross & Co., shares his views with CNBC.”

Source: CNBC, October 28, 2008.

Bloomberg: Birinyi sees no precedent to gauge market crisis
“Laszlo Birinyi, who oversees more than $350 million as president of Birinyi Associates, talks with Bloomberg about the outlook for stocks, market volatility and investment strategy.”

Source: Bloomberg, October 30, 2008.

John Authers (Financial Times): Stockmarkets – a halloween respite?

Click here for the full article.

Source: John Authers, Financial Times, October 30, 2008.

Bloomberg: Jim Rogers – commodities in a recession

Source: Bloomberg (via Clip Syndicate), October 24, 2008.

John Authers (Financial Times): Currencies and the financial crisis
“The G7’s and IMF’s involvement in currency markets shows that the financial crisis is not over yet, but falling commodities prices may alleviate some of the pressure on the world’s poor, says John Authers.”

Click here for the full article.

Source: John Authers, Financial Times, October 27, 2008.

Financial Times: Heizo Takenaka on lessons from Japan’s banking crisis
“Heizo Takenaka, Japan’s former economy minister under the Koizumi administration credited with turning the country’s banking system, discusses the lessons and parallels between Japan’s lost decade and the current global financial crisis. Mr Takenaka, now a professor at Keio University, also gives his outlook for the yen’s level against the US dollar and euro.”