The past week’s headlines were grabbed by the US Fed “betting the ranch” in an attempt to resuscitate the ailing US economy. As expected, a number of videos dealt with Bernanke & Co.’s frantic actions. But scamster Bernard Madoff’s Ponzi scheme also vied for a place in the history books, causing more billions to evaporate to money heaven.
A number of video clips that have attracted my attention are shared below.
John Authers (Financial Times): Fed’s shocking rate cut
Bond yields fell to new lows, the US dollar slumped and stocks rallied after the Federal Reserve announced it would let its Fed funds rate drop to zero, says John Authers.”
Click here for the article.
Source: John Authers, Financial Times, December 16, 2008.
Bloomberg: Fed becoming lender of last resort – interview with Merrill Lynch chief economist David Rosenberg
Source: Bloomberg (via YouTube), December 17, 2008.
CNBC: Feldstein – digging out of the recession
“An outlook on the economy, with Martin Feldstein, former Council of Economic Advisors chairman/National Bureau of Economic Research president emeritus.”
Source: CNBC, December 18, 2008.
Bloomberg: Jim Rogers plans to sell dollar in “artificial” rally
Legendary investor Jim Rogers talked with Bloomberg’s Carol Massar yesterday about the outlook for the US dollar, as well as his investment strategy and the commodity markets.”
Source: Bloomberg, (via YouTube), December 15, 2008.
Clusterstock: Bernie Madoff’s victims: the slideshow
“The Bernie Madoff Ponzi scheme is a mess. Bernie himself says $50 billion has vanished. New victims emerge every day, including Baroness Thyssen (see below). The tales of woe seem to fall into four categories: Superrich Individuals, Little Guys, Funds + Banks, and Charities + Universities + Hospitals. We’ve selected some of each, along with some scenes of the crime.”
Click here te view the slideshow.
Click here for a more comprehensive text list of Madoff’s victims.
Source: Clusterstock, December 14, 2008.