Although this is a short week in the US as a result of the Thanksgiving holiday, there certainly has not been a lack of video clips trying to make sense of the latest on the bailout front, rapidly deteriorating global economies and other pertinent matters.
A number of the more interesting clips that have attracted my attention are shared below.
First up is a rather disconcerting clip featuring Peter Schiff assessing the implications of current US economic policies by means of similar historical situations elsewhere in the world. (In the same vein, also make sure to watch the Max Keiser interview in the last clip.)
YouTube: Peter Schiff – warning economic collapse
Source: YouTube, October 15, 2008
Next, an interview with Marc Faber who remains bearish longer term, but foresees a strong near-term rally.
CNBC: Dr Doom – strong rebound coming
“If governments throw enough money at the system, a strong, near-term rally should happen, investor Marc Faber told CNBC. But if it fails to materialize, prepare for an unprecedented depression.”
Source: CNBC, November 21, 2008.
CNBC: Chartology – how much further to go?
“The Fast Money traders read the market charts. They’re joined by Louise Yamada, managing direct at Louise Yamada Technical Research Advisors.”
Source: CNBC, November 21, 2008.
MNSBC: Obama – “We need a big stimulus package”
“President-elect Barack Obama explains his plans for a second stimulus plan, the approach his economic team will take to fix the economy, and thoughts on a possible bailout for American automakers.”
Source: MSNBC, November 24, 2008.
