While financial markets remained mired in uncertainty, the who’s who of global economics descended on Davos in Switzerland for the annual meeting of the World Economic Forum. This week’s harvest of video clips therefore includes a number of interviews set against the backdrop of the snow-covered Alps.
The overall message of the video footage is aptly conveyed by titles such as “Mountains of doom” (Nouriel Roubini) and “Wall Street winter blues” (Robert Shiller). Also discussing aspects of President Obama’s stimulus plan, the mooted bad bank, and other crisis-related issues are Jamie Dimon, Edmund Phelps, Steve Forbes, Joseph Stiglitz, Barry Ritholtz, Chris Whalen, George Soros, Stephen Roach, Kenneth Rogoff, Jack Welch, Jan Hatzius, George Friedman and Michael Lewis.
But although gloom prevails, money-making opportunities do exist as highlighted by John Murphy (StockCharts.com), who expects gold bullion to be the best investment for 2009.
In lighter vein, this week’s compilation is rounded up by Bunny and Mimi (the Pinky Show) with a clip entitled “Banked into submission”.
CNBC: Dimon on economic recovery
“Jamie Dimon, JPMorgan chairman and CEO, tells CNBC’s Maria Bartiromo when he’s expecting an economic recovery.”
Source: CNBC, January 29, 2009.
CNBC: Orszag on Obama’s stimulus plan
“Peter Orszag, director of the Office of Management and Budget, discusses Obama’s stimulus package and what the final product will look like.”
Source: CNBC, January 28, 2009.
Bloomberg: Edmund Phelps says US needed “more coherent” stimulus
“Edmund Phelps, a professor at Columbia University and winner of the 2006 Nobel Prize in economics, talks with Bloomberg’s Francine Lacqua and Erik Schatzker about the US government’s plans to stimulate the economy and ease the credit crisis. Phelps, speaking at the World Economic Forum meeting in Davos, Switzerland, also discusses measures to remove toxic assets from banks’ balance sheets and the outlook for US housing.”
Source: Bloomberg, January 28, 2009.
Fox Business: Steve Forbes talks stimulus, economy & Geithner
Source: Fox Business, January 28, 2009.
CNBC: Stiglitz on the economy
“Opportunities for your money at the World Economic Forum, with Joseph Stiglitz, Columbia University professor and Nobel Prize winner, and CNBC’s Becky Quick.”
Source: CNBC, January 28, 2009.
CNBC: Barry Ritholtz – nationalize the banks
Source: CNBC, January 29, 2009.
