Video-o-rama – On the edge of the financial precipice

By Prieur du Plessis, on November 21st, 2008 posted in: Investment, Markets, Money

Another week and another batch of fascinating video clips about bailouts, economic woes and other grim matters. A number of the more interesting clips that have attracted my attention are shared below.

Some of my favourites included in this compilation are the first two: “Broke – The New American Dream” and “Homage to Peter Schiff”. If you want to watch only two of these clips, make sure to see these two.

Broke – The New America Dream

Hat tip: Barry Ritholtz, The Big Picture, November 15, 2008.

Homage to Peter Schiff – calling the crisis right from the start

Hat tip: Paul Kedrosky, Infectious Greed, November 14, 2008.

60 Minutes: Obama on economic crisis, transition
“President-elect Barack Obama speaks with Steve Kroft about his thoughts and goals as the US’s next Commander-in-Chief.”

Click here for the full interview.

Source: 60 Minutes, November 16, 2008.

CNBC: Paulson testimony
“Henry Paulson, US Treasury Secretary, discusses government lending and insurance facilities before the House Financial Services Committee.”

Source: CNBC, November 18, 2008.

CNBC: Bernanke testimony
Federal Reserve chairman Ben Bernanke testifies before the House Financial Services Committee.

Source: CNBC, November 18, 2008.

CNBC: Bair testimony
Sheila C. Bair, Federal Deposit Insurance Corporation chairman, testifies before the House Financial Services Committee.

Source: CNBC, November 18, 2008.

GoldSeek: Ron Paul questions Bernanke at House Financial Services Committee

Source: GoldSeek, November 18, 2008.

The Wall Street Journal: Paulson, Summers, Rubin debate crisis
“Current Treasury Secretary Henry Paulson and predecessors Lawrence Summers and Robert Rubin locked horns over the best way to get the US economy back on track.”

Source: The Wall Street Journal, November 17, 2008.

Credit Suisse: More fiscal action needed to ease crisis
“The US, Europe and Japan are in significant recession, says Giles Keating, Head of Global Research at Credit Suisse. He explains how the financial crisis is evolving and why capital injections are needed.”

Source: Credit Suisse, November 12, 2008.

John Authers (Financial Times): US stocks fall on deflation fears

Click here for the full article.

Source: John Authers, Financial Times, November 19, 2008.

The Daily Show: T Boone Pickens – end US’s dependence on foreign oil

Source: The Daily Show, November 12, 2008.

Reuters: Japan’s recession
Japan’s first recession in seven years, combined with Europe’s downturn, is painting a grim picture for the global economy.