Risk appetite around the globe deteriorated over the past few days as an avalanche of negative economic and corporate news battered already fragile investor sentiment.
A few of the more interesting video clips that attracted my attention are shared below. Amidst the grim reality of Bernard Madoff’s scam, we start off with Stephen Colbert’s take on Ponzi schemes. And as if we are not already confronted with enough absurdities, the last video, dealing with the porn industry’s plea for bailout money, caps it all. In between, a good dosage of clips on the economy and various asset classes provides stimulating viewing material.
Stephen Colbert: Ponzi schemes
Source: Stephen Colbert, Colbert Nation, January 6, 2009.
CNBC: Roubini – doom & gloom in 2009
Source: CNBC, January 15, 2009.
Bloomberg: Bernanke urges “strong measures” to stabilize banks
“Federal Reserve Chairman Ben Bernanke speaks about the possible need for more capital injections and guarantees to further stabilize and strengthen the financial system. Bernanke, speaking at the London School of Economics, warns that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth. Bernanke also discusses the Fed’s balance sheet, inflation expectations and US unemployment.”
Source: Bloomberg, January 13, 2009.
YouTube: Ben Bernanke holds Q&A session
Live from the London School of Economics, Fed Chairman Ben Bernanke answers questions.
Source: YouTube, January 13, 2009.
YouTube: Congressman Alan Grayson grills Fed Vice Chair Donald Kohn
Source: YouTube, January 13, 2009.
CNBC: Obama on the TARP
“President-elect Barack Obama says many people are disappointed by the TARP’s lack of ‘transparency’.
Source: CNBC, January 12, 2009.
