Video-o-rama: Figuring out the lie of the financial land

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With investors trying to figure out the most likely direction of stock markets, the US dollar, government bonds, commodities and gold attracted a fair bit of attention – also from the producers of this week’s video footage.

Commentators in the selection below include Josh Rosner, Byron Wein, Stephen Jennings, Paul McCulley, Ed Yardini, Doug Kass and David Rosenberg.

The compilation kicks off with Congressman Alan Grayson uttering some harsh words at The Big Picture Conference – Capitalism After Crisis & Recession, and concludes with a fun ditty – a Wild Life Boogie, AKA The Economy Song.

Yahoo Finance, Tech Ticker: Cost of Fed expansion of balance sheet is $30K per American

“Those were just some of the harsh words Congressman Alan Grayson of Florida had this morning regarding Washington’s handling of the financial crisis so far. His remarks were part of The Big Picture Conference – Capitalism After Crisis & Recession at the New York Athletic Club today.

“To be sure,  while there’s a huge risk in the government borrowing $10 trillion, the alternative was Great Depression 2, the congressman said.”

Source: Yahoo Finance, Tech Ticker, June 3, 2009.

Yahoo Finance, Tech Ticker: Short-term relief for banks, but more bad news to come, Rosner says

“With American banks rushing to raise capital, the worst is over for the financial sector, right? Not so fast, says Josh Rosner of Graham Fisher & Co.

“Indeed raising cash is good news and second quarter results are likely to be positive, Rosner told us at The Big Picture Conference–Capitalism After Crisis & Recession in New York.

“But longer term, the ‘sugar high’ from stimulus packages and bailouts will run out, he says. Troubled assets remain on bank balance sheets. Weakness in housing is just the beginning of a ‘rolling crisis’ that will spread to credit cards and commercial loans. Plus, unemployment is rising. Rosner expects this ‘re-destabilization’ later this year into early 2010.”

Source: Yahoo Finance, Tech Ticker, June 3, 2009.

CNBC: Paving the road ahead for GM

“Discussing what is next for GM the morning after the automaker filed for bankruptcy, with Frederick Henderson, General Motors CEO; Byron Wien, Pequot Capital and CNBC’s Phil Lebeau.”

Source: CNBC, June 2, 2009.

CNBC: Geithner speaks to CNBC from Beijing

“US Treasury Secretary Tim Geithner speaks to CNBC’s Liesman in a special one-on-one interview, about China’s support in Washington’s efforts to restructure its economy.”

Source: CNBC, June 2, 2009.

Fox Business: Geithner’s visit to China

“Cabot Money Management CIO Rob Lutts on how Treasury Secretary Timothy Geithner’s trip to China show’s a shift in wealth and power to the east.”

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Source: Fox Business, June 2, 2009.

Bloomberg: Stephen Jennings says seeds of next crisis being sown

“Stephen Jennings, chief executive officer of Renaissance Group, talks with Bloomberg’s Ellen Pinchuk about Russia and the outlook for the global economy. Jennings, speaking in Moscow yesterday, also discusses the growth prospects for his investment bank, stock valuations and emerging markets.”

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Source: Bloomberg, June 2, 2009.

CNBC: Ben Bernanke’s testimony

“Fed chairman Ben Bernanke discusses the nation’s current economic and financial conditions.”

Source: CNBC, June 3, 2009.

Bloomberg: Paul McCulley on economy, Fed policy, inflation

“Paul McCulley, managing director at Pacific Investment Management Co., talks with Bloomberg’s Kathleen Hays about the outlook for the US economy. McCulley, speaking from Newport Beach, California, also discusses the yield on the 10-year Treasury note, inflation and Federal Reserve monetary policy.”

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Source: Bloomberg, May 29, 2009.

John Authers (Financial Times): Business inventories indicate output should expand

“John Authers says a trend in the ratio of new orders to inventories offers further grounds to believe that last year’s economic free-fall is over, and that output should expand.”

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Click here for the article.

Source: John Authers, Financial Times, June 5, 2009.

The Wall Street Journal: Are inflation concerns inflated?

“Amid new pronouncements that inflation is a looming possibility, WSJ’s Economic Editor David Wessel explains the unlikely conditions that would spur inflation in the US.”

Source: The Wall Street Journal, June 4, 2009.

The Wall Street Journal: Psst. Wanna tip? Buy TIPS

“Barron’s Steve Sears says Treasury Inflation Protected Securities will help protect investors from inflation.”

Source: The Wall Street Journal, June 3, 2009.

CNBC: An eye on the bond market vigilantes

“A look at the bond market vigilantes, stock market, and economy with Ed Yardeni of Yardeni Research, Doug Kass of Seabreeze Partners Management, Brian Stutland of Stutland Equities and CNBC’s Larry Kudlow.”

Source: CNBC, June 2, 2009.

CNBC: Rosenberg – stock run justified?

“The Fast Money traders and David Rosenberg, chief economist of Gluskin, Sheff & Associates, discuss whether the economy is justifying the stock rally.”

Source: CNBC, June 1, 2009.

CNBC: Wien – placing bets on the markets

“An outlook on the markets, with Byron Wien, Pequot Capital.”

Source: CNBC, June 2, 2009.

CNBC: Medvedev’s dollar predictions

“The declining dollar becomes a key topic among leaders after trading near its lowest level this year versus the euro. Insight on what Russian president Dmitry Medvedev thinks about the dollar’s drop, with CNBC’s Maria Bartiromo.”

Source: CNBC, June 2, 2009.

The Street: Gold could reach $1 000

“Brian Hicks, co-manager of the US Global Investors Global Resources fund, says a new trend in gold buying will help gold hit $1,000. And when it reaches the elusive 1K mark, can that level be sustained and/or eclipsed? Yes it can, according to Hicks, given the strength of other commodities like crude.”

Source: The Street, June 2, 2009.

Financial Times: Wang Dan on Tiananmen 20th anniversary.

“Wang Dan was a student leader of the1989 pro-democracy protests in Tiananmen square and was once at the top of the Chinese Communist party’s most-wanted list. As people commemorate the 20th anniversary of the Tiananmen crackdown, he recalls the events leading up to June 4 massacre, and examines the the protests’ legacy on modern China.”

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Source: Financial Times, June 4, 2009.

YouTube: Wild Life Boogie (AKA The Economy Song)

This little video was produced by John Olbert’s students from Winter Park FL, based on a song by Mickey Carroll.

Source: YouTube, May 31, 2009.

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