Video-o-rama: Betting the ranch

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The past week’s headlines were grabbed by the US Fed “betting the ranch” in an attempt to resuscitate the ailing US economy. As expected, a number of videos dealt with Bernanke & Co.’s frantic actions. But scamster Bernard Madoff’s Ponzi scheme also vied for a place in the history books, causing more billions to evaporate to money heaven.

A number of video clips that have attracted my attention are shared below.

John Authers (Financial Times): Fed’s shocking rate cut
Bond yields fell to new lows, the US dollar slumped and stocks rallied after the Federal Reserve announced it would let its Fed funds rate drop to zero, says John Authers.”

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Click here for the article.

Source: John Authers, Financial Times, December 16, 2008.

Bloomberg: Fed becoming lender of last resort – interview with Merrill Lynch chief economist David Rosenberg

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Source: Bloomberg (via YouTube), December 17, 2008.

CNBC: Feldstein – digging out of the recession
“An outlook on the economy, with Martin Feldstein, former Council of Economic Advisors chairman/National Bureau of Economic Research president emeritus.”

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Source: CNBC, December 18, 2008.

Bloomberg: Jim Rogers plans to sell dollar in “artificial” rally
Legendary investor Jim Rogers talked with Bloomberg’s Carol Massar yesterday about the outlook for the US dollar, as well as his investment strategy and the commodity markets.”

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Source: Bloomberg, (via YouTube), December 15, 2008.

Clusterstock: Bernie Madoff’s victims: the slideshow
“The Bernie Madoff Ponzi scheme is a mess. Bernie himself says $50 billion has vanished. New victims emerge every day, including Baroness Thyssen (see below). The tales of woe seem to fall into four categories: Superrich Individuals, Little Guys, Funds + Banks, and Charities + Universities + Hospitals. We’ve selected some of each, along with some scenes of the crime.”

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Click here te view the slideshow.

Click here for a more comprehensive text list of Madoff’s victims.

Source: Clusterstock, December 14, 2008.

YouTube: Madoff at a 2007 roundtable discussion

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Source: YouTube, December 13, 2008.

Bloomberg: Madoff Scandal – interview with former SEC Chairman Arthur Levitt

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Source: Bloomberg (via YouTube), December 18, 2008.

Lionel Barber (Financial Times): Jean-Claude Trichet – conversations on the credit crunch
“Conversations on the credit crunch: Jean-Claude Trichet, European Central Bank president, talks to Lionel Barber, Financial Times editor, about the containment of systemic risk in the global financial system, learning lessons from the crisis, and what should be done to improve the system’s resilience and thus prevent further volatility.”

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Source: Lionel Barber, Financial Times, December 15, 2008.

Financial Times: Detroit rescue
“President Bush’s plan may help GM and Chrysler temporarily stave off bankruptcy, but it merely shifts the automakers’ problems to the incoming Obama administration, says FT Lex columnist Dan McCrum.”

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Source: Dan McCrum, Financial Times, December 19, 2008.

CBS News: Barney Frank on bailouts, welfare
“Rep. Barney Frank, whose position as House Financial Services Committee Chairman puts him right in the middle of the controversial government bailouts, talks to Lesley Stahl.”

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Source: CBS News, December 14, 2008.

CBS News: The mortgage meltdown
“Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the US recession.”

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Source: Scott Pelley, CBS News (60 Minutes), December 14, 2008.

Nobelprize.org: Prize Lecture by Paul Krugman
“Paul Krugman delivered his Prize Lecture on December 8, 2008 at Stockholm University. He was introduced by Professor Bertil Holmlund, Chairman of the Economics Prize Committee.”

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Source: Nobelprize.org, December 8, 2008.

CNBC: Hugh Hendry on commodities
“Commodity stocks have been devastated, but they have more of a future than the financial sector, Hugh Hendry, chief investment officer at Eclectica, told CNBC.

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Source: CNBC, December 10, 2008.

Financial Times: Weak metal prices but strong gold
“Francisco Blanch, head of commodities research at Merrill Lynch, tells Javier Blas, FT commodities correspondent, that we should expect a prolonged period of weak metal prices, but that gold remains the ultimate hedge in the recession.”

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Source: Javier Blas, Financial Times, December 15, 2008.

 

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