Posts Tagged ‘interview’

INTERVIEW WITH NIALL FERGUSON: Yes, The US Is Screwed

Exclusive for Business Insider, courtesy of Henry Blodget and Mamta Badkar

Editors Note: This is an interview conducted by Business Insider Editor in Chief Henry Blodget In Davos. Read the full transciption below.


BI: So, Professor Ferguson is the United States still screwed?

NF: Well this is not a technical term in economics that I recognize so let me maybe rephrase the question. Does the United States still have an economic problem? Yes. What is that problem? The problem is that having thrown massive fiscal and monetary stimulus at the economy it is still growing too slowly to bring down the unemployment rate. um what is the answer to that problem? some people say more fiscal stimulus and that indeed is what is being done and more monetary stimulus, and that indeed is what is being done in the form of QE 2. That may well have some short term impact but there is a risk that the fiscal position of the United States tips over from being stimulative to being unsustainable. And the big worry is that at some point this year, could be next year, the level of borrowing the United States engages in pushes inflation expectations or even default expectations to the point that nominal yields really start to spike and then The Fed is in a jam b/c it would then have to do QE3 on a massive scale and quite quickly we could be facing a really major dislocation either in the bond market or currency markets that is the problem. Is the U.S. screwed? No not the way Japan is screwed or even the way the Euro zone is screwed but the U.S. is certainly not out of trouble. 

BI: So isn’t that what people were saying about Japan, in 1993, that they were done and here we are 18 yrs later and interest rates are still zero, they’re still spending, still borrowing and borrowing and they…
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Prechter On Market Rally

Video (Part 1): Prechter On Market Rally

(Note: This interview was originally recorded on September 20, 2010)

In the two videos below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about extreme readings in various indicators that support his bear-market forecast.

 

Video (Part 2): Prechter: Ominous Pattern in the DJIA

Get Up to Speed on Robert Prechter’s Latest Perspective — Download this Special FREE Report Now.


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The Big Interview with David Stockman

The Big Interview with David Stockman

"In some ways Herbert Hoover got a bad rap," says David Stockman in an interview with WSJ’s Alan Murray. The Former Reagan Administration budget director lays out a plan for economic recovery by cutting spending, raising taxes, and allowing for years of austerity. ….WSJ


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Interview: Chaostheorien

Interview: Chaostheorien

Karl Denninger Courtesy of Karl Denninger at The Market Ticker 

Good reading here, if you’re interested in my views "in a nutshell":

Karl Denninger, the publisher of “The Market Ticker”, in an exclusive interview for chaostheorien.de: “In order to honestly assess what’s going on and what has to be done to fix the problems, we first must admit our mistakes.” Furthermore he says why the financial system is more and more a farce, gives his stance on the prospects of a military dictatorship in the United States, and explains his position with regard to Peak Oil.

Have a read….. but grab a beer first. 

 


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Double Dip Est Arrivé: Institutional Risk Analyst

Double Dip Est Arrivé: Institutional Risk Analyst

Courtesy of JESSE’S CAFÉ AMÉRICAIN

Chris Whalen of Institutional Risk Analyst has this interesting interview on CNBC, sent to me by a reader.

I have not watched that television channel in some years, finding their shallowness and hypocrisy too much to bear. Of course my refuge, Bloomberg Television, has lowered its standards so much, with spokesmodels and smirking chimps, that it may have achieved parity. Are Cramer, Kudlow and Kernan still kicking? Remarkable.

This is an interesting exposition of the currency wars, and the pandering to the big financial institutions by the Fed over the past fifteen years, ultimately at the expense of the real economy in the distortions and misallocation of capital which the financial engineers have fostered.

Here is the interview with Jim Rickards to which Chris alludes.

Chris Whalen sounds like me. I wonder if he can cook? 

 


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RARE INTERVIEW WITH JOHN HUSSMAN: WHY HE IS BEARISH RIGHT NOW

RARE INTERVIEW WITH JOHN HUSSMAN: WHY HE IS BEARISH RIGHT NOW

Courtesy of The Pragmatic Capitalist

In a rare interview with Morningstar John Hussman recently elaborated on his recession call and details why he is turning even more cautious than the has been. Hussman says the March 2009 lows are likely to be broken and that stocks are grossly overvalued right now:


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Wall Street Meat – Andy Kessler

Wall Street Meat – Andy Kessler

Courtesy of Howard Lindzon 

One of my favorite interviews so far is this one with Andy Kessler who really knows the dark lessons of Wall Street.

‘It is a royal pain in the ass to manage someone else’s money’

I love his style of investing (trends), writing and his experience and candor is second to none for aspiring hedge fund managers and writers. In the interview he also talks about trend investing and his biggest winner.

Lot’s of lessons here:


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HSBC Chairman: Taxpayers Will Be Saddled With Banker Debts And Rising Unemployment For Years

HSBC Chairman: Taxpayers Will Be Saddled With Banker Debts And Rising Unemployment For Years

Courtesy of Vince Veneziani at The Business Insider

HSBC Stephen GreenHSBC Group Chair Stephen Green recently sat down with German magazine Der Spiegel and talked about the future of the world’s economy, the moral responsibility of bankers, and his Christain faith (he’s an Anglican minister).

It’s one of the more honest accounts we’ve read of the crisis from the perspective of a banking chief.

Among other things, he calls the period leading up to the crash — characterized by huge profits through the sale of overly complex instruments — ‘disgraceful’.

Der Spiegel:

SPIEGEL: Is the crisis already over?

Green: In the financial sector the worst is behind us. But the real economy will feel the effects for a long time to come.

SPIEGEL: In other words, people and governments are now paying the price for the damage the bankers have done.

Green: And they will be paying off these mountains of debt for a few years to come. Unemployment will continue to rise in many countries.

SPIEGEL: Many countries are deeply in debt. Even Dubai can hardly pay its bills anymore. How bad is this situation for the HSBC and other banks?

Green: We have been in Dubai since 1946. In fact, we were the first bank to do business there. The country will retain its status as a regional financial center. Dubai is not Lehman (Brothers, the financial services firm that filed for the largest bankruptcy in US history in September 2008, sparking a financial crisis). The country has far too many assets in the form of natural resources. It has accumulated a lot of debt but it is manageable.

Click to read the rest of the interview ->

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Phil Davis on BNN

Many thanks to the Shocked Investor for kindly turning Phil’s interview on BNN into a youtube video. Phil discusses his thoughts on the market, a few stock picks, worries about Christmas and more. – Ilene

Phil Davis on BNN 

 


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Greenspan’s legacy: more suffering to come

Interview with Timothy D. Naegele

Timothy D. NaegeleBy Ilene at Phil’s Stock World 

Introduction

Timothy D. Naegele is the managing partner of Timothy D. Naegele & Associates. He has an undergraduate degree in economics and practices law in Washington D.C. and Los Angeles with his law firm that specializes in banking law, federal law, financing, Internet law, legislation and litigation. He has an extensive legislative and financial regulatory background, having served as counsel to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, as chief of staff to U.S. Senator Edward W. Brooke, and as special consultant to the Federal Deposit Insurance Corporation and to the States of California and Maine. He has been involved in all phases of the practice of law with respect to financial institutions, including authoring the Anti-Tying Provision of the Bank Holding Company Act Amendments of 1970 and other important pieces of legislation. Mr. Naegele also served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at The Pentagon, where he received the Joint Service Commendation Medal.
 
Today, Mr. Naegele continues practicing law, and finds time to share his thoughts on current events in popular journals. He is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years. See, e.g., naegele.com/whats_new.html#articles.
 
Interview
 
Question: You worked on Capitol Hill for three and a half years—first as an attorney with the U.S. Senate Banking Committee, and then as chief of staff to former Senator Edward W. Brooke of Massachusetts, the first African-American senator since Reconstruction following our Civil War, with Barack Obama being the third[1]. And then you worked as a “K Street” lawyer after that, for a total of 19 years. What was it like?
 
Answer: It was fabulous.  I came to Washington near the end of the Vietnam War because I had an Army commission, and I was assigned to the U.S. Army Element of the Defense Intelligence Agency at the Pentagon for two years, which was a wonderful experience. 
 
Question: What did you learn there?
 
Answer:   That the Pentagon and our military are probably the most efficient and effective organs of American government. People might laugh at that, but it is true.
 
Question: After that, you worked as an attorney with the U.S. Senate Banking Committee?
 


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Phil's Favorites

New Report Reveals Goldman Sachs' Crime Wave Under Last Three CEOs (Who Got Obscenely Rich in the Process)

Courtesy of Pam Martens

(Left to right) Three Most Recent CEOs of Goldman Sachs: Henry (Hank) Paulson; Lloyd Blankfein; David Solomon, Current CEO.

Yesterday, the nonprofit Wall Street watchdog, Better Markets, released an in-depth and scathing analysis of the past 20 years at Goldman Sachs. A bold headline summed it up as follows: “$874 Billion in Bailouts, 36 Major Legal Actions,
$9.8 Billion in Fines and Settlements with Billions More Coming.”
...



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Zero Hedge

American & Chinese Airlines May Never Bounce Back From The Coronavirus Outbreak

Courtesy of ZeroHedge View original post here.

Airlines around the world have already taken a hit thanks to Boeing, now the coronavirus outbreak is set to kick the industry while it's already down. And the US and China will be hit especially hard.

Plenty of countries are cutting off are limiting flights to China right now. Air Canada just announced its cancelling select flights, South Korea, Hong Kong and other Asian countries have either cut off travel, or are reducing flights and screening for symptoms of nCoV,...



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Kimble Charting Solutions

Will Junk Bonds Continue To Send A Positive Message To Stocks?

Courtesy of Chris Kimble

If the saying “So goes Junk Bonds, So goes stocks” is true, what Junk bonds do in the next couple of weeks could send an important message to stocks!

Junk bond ETF (JNK) has created a series of higher lows since June of last year. When JNK moves higher like this, historically it sends a positive message to stocks.

JNK has declined a very small percentage in the past two weeks, which has it testing rising support at (1).

So far JNK is not sending a negative divergence to stocks.

If JNK holds at support and rallies off (1), they continue to send a ...



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Insider Scoop

A Peek Into The Markets: US Stock Futures Up; Fed Decision In Focus

Courtesy of Benzinga

Pre-open movers

U.S. stock futures traded higher in early pre-market trade, ahead of earnings from McDonald's Corporation (NYSE: MCD), General Electric Company (NYSE: GE), AT&T Inc. (NYSE: T) and Th...



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Biotech

When will there be a coronavirus vaccine? 5 questions answered

Reminder: We are available to chat with Members, comments are found below each post.

 

When will there be a coronavirus vaccine? 5 questions answered

A security guard wears a mask as she keeps watch at arriving passengers at Manila’s international airport in the Philippines on Jan. 23, 2020, as part of efforts to contain the coronavirus. Aaron Favila/AP Photo

Courtesy of Aubree Gordon, University of Michigan and Florian Krammer, ...



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Chart School

Top Patterns for Retail Investors

Courtesy of Read the Ticker

Retail investors are last in line for market leading research, no matter, the retail investor can profit from these secret sauce patterns..

Well not so secret now, the main point is you do not have to climb Mount Everest to be called a mountain climber, there are many other hills to climb to make your mark. Just like stocks.

You do not have to battle with the high frequency traders to win in the markets, there are long and slow methods to do just as well.  

More from RTT Tv







Some charts from the video


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The Technical Traders

The Wuhan Wipeout - Could It Happen?

Courtesy of Technical Traders

News is traveling fast about the Corona Virus that originated in Wuhan, China. Two new confirmed cases in the US, one in Europe and hundreds in China. As we learn more about thispotential pandemic outbreak, we are learning that China did very little to contain this problem from the start. Now, quarantining two cities and trying to control the potential
outbreak, may become a futile effort.

In most of Asia, the Chinese New Year is already in full swing.  Hong Kong, China, Singapore, Malaysia, India and a host of other countries are already starting to celebrate the 7 to 10 day long New Year.  Millions of people have already traveled hundreds of thousands of miles to visit family...



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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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