Video-o-rama: Goldman Sachs ad nauseam

By Prieur du Plessis, on July 18th, 2009 posted in: Investment, Markets, Money

I am experiencing Internet problems and have difficulty accessing my data sources. This week’s video compilation is therefore posted without the usual introductory paragraphs. But I am sure the interesting clips will speak for themselves.

Wall St Cheat Sheet: AIG – writing stories about people who play “it” safe
“Evidently, AIG is a company that plays ‘it’ safe (whatever the hell that means) and knows how to manage risk better than anyone else in the known universe. Don’t believe me? Take their word for it. We let corporations falsely advertise all the time, and here is a perfect example of the cost.”

Source: Damien Hoffman, Wall St Cheat Sheet, July 15, 2009.

Bloomberg: Shiller, Roubini discuss “anemic” economic recovery
“Nouriel Roubini, professor at New York University’s Stern School of Business, and Robert Shiller, chief economist and co-founder of Macromarkets, talk with Bloomberg’s Tom Keene and Ken Prewitt about the US economy, housing, Federal Reserve policy, currency markets and employment. Bloomberg’s Pimm Fox presents questions from the online and studio audience.”

Source: Bloomberg, July 10, 2009.

The Wall Street Journal: Economic recovery will happen, but painfully
There are signs the recession may end in coming months, but the US economy’s recovery is likely to be so painfully slow that many won’t feel the difference. David Wessel reports.”

Source: The Wall Street Journal, July 10, 2009.

CNBC: Stimulus plan working?
“Influential bank analyst Meredith Whitney predicts the unemployment rate will hit 13% before the worst is over. Chris Kofinis, a Democratic strategist, and Terry Holt, a Republican strategist, discuss this assertion and whether Obama’s stimulus plan is working.”

Source: CNBC, July 13, 2009.

CNBC: Housing troubles and bubbles
“Robert Shiller, Yale economics professor and the co-creator of the influential Case-Shiller Home Price Index, says another housing bubble could be looming.”

Source: CNBC, July 15, 2009.

MSNBC: Wall Street and “Bailout Nation”
“Barry Ritholtz, author of ‘Bailout Nation’, looks at the costs of the bailout and what it will mean down the road for other large American industries.”

Source: MSNBC, July 13, 2009.

You Tube: Congress grills Paulson on BofA/Merrill
“Hank Paulson says letting Bank of America and Merrill deal collapse was ‘unthinkable’.”

Source: You Tube, July 16, 2009.

Financial Times: Derivatives probe
“Aline van Duyn says the new probe into derivatives market intensifies the pressure on and scrutiny over the industry.”

Source: Financial Times, July 15, 2009.

The Wall Street Journal: Can Wall Street catch up to Goldman Sachs?
“How does Goldman Sachs’ high profitability reverberate across Wall Street? Dennis Berman and Evan Newmark discuss the impact on other firms and taxpayers.”

Source: The Wall Street Journal, July 14, 2009.

YouTube: Max Keiser takes offense to Goldman Sachs

Part 1:

Source: You Tube, July 16, 2009.

Part 2:

Source: YouTube (here and here), July 16, 2009.

CNBC: JPMorgan beats estimates
“JPMorgan’s revenues beat estimates in the second quarter. Jeffery Harte, of Sandler O’Neill, shares his analysis.”

Source: CNBC, July 16, 2009.

Credit Suisse: Banking system more consolidated than one year ago
“Giles Keating, Head of the Credit Suisse Global Economics and Strategy Group, talks about the consolidation of banks and explains why investors should diversify away from the dollar.”

Click here for the full article.

Source: Credit Suisse, July 13, 2009.

CNBC: Ritholtz versus Siegel
“Discussing whether stocks are the best bet or a sucker’s bet, with Barry Ritholtz, Fusion IQ CEO and Jeremy Siegel, Wharton finance professor.”

Source: CNBC, July 14, 2009.

Yahoo Finance, Tech Ticker: Shilling – the market’s going to crash
“Gary Shilling is gut-wrenchingly bearish on the stock market. Specifically, he thinks the S&P is going to fall 35% to 600 by the end of the year.

“The good news is Gary thinks there are some things you can buy without losing your shirt: Treasuries and the dollar.

“But isn’t inflation going to turn dollars and Treasuries into toilet paper? That’s what everyone’s saying. They’re wrong, says Gary. It’s deflation we have to worry about. For the next 10 years, we’re going to have chronic deflation, and the economy is going to grow at a paltry 2% per year.”

Source: Yahoo Finance, Tech Ticker, July 15, 2009.

John Authers (Financial Times): Head and shoulders – worthwhile analyzing?
“A ‘head and shoulders’ is held by technical analysts, who look at patterns in security prices, as a strong sign that a trend is reversing, says John Authers.”

Click here for the full article.

Source: John Authers, Financial Times, July 16, 2009.

CNBC: Banking on big earnings
“Meredith Whitney, CEO of the Meredith Whitney Advisory Group, shares her outlook on financial sector earnings.”

Source: CNBC, July 13, 2009.

The Wall Street Journal: What does history teach about stocks?
“How far back do investors need to look in order to gain insight into picking stocks? Intelligent Investor columnist Jason Zweig explains why historical data is not entirely reliable.”

Source: The Wall Street Journal, July 10, 2009.

John Authers (Financial Times): US tech stocks – defensive buy

Click here for the full article.

Source: Financial Times, July 15, 2009.

CNN Money: Strong growth in China
“The government stimulus plan helps the economy remain on track for target 8% annual growth.”

Source: CNN Money, July 16, 2009. Financial Times: Inflation falls below BoE target rate “UK inflation for June fell below the Bank of England’s 2% target rate, to 1.8%. Dan Pimlott explains the underlying trends in UK prices.” Source: Financial Times, July 14, 2009. Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.