With stocks falling sharply and flight-to-safety trades taking center stage, the debate on what should (or shouldn’t) be done to stop the financial and economic rot is raging on.
Although the mood is decidedly gloomy, if not outright doom, good viewing material was produced. A few of the more interesting video clips are shared below, with the likes of Joseph Stiglitz, Peter Schiff, Nouriel Roubini, Michael Hudson, Hugh Hendry, Sam Stovall, Steve Leuthold, Boone Pickens and Martin Wolf in attendance.
The selection concludes with the “Wall Street Meltdown” video parody. Also, do not miss the second-last item in which Jon Stewart (love him or hate him!) has a go at CNBC’s financial advice.
CNBC: Joseph Stiglitz – seeking solutions
“A look at solutions to the country’s financial and economic problems including banks and toxic assets, with Joseph Stiglitz, Columbia University professor and 2001 Nobel Prize Winner in economics.”
Source: CNBC, March 4, 2009.
TheStreet.com: Peter Schiff’s economic plan
“Peter Schiff, president of Euro Pacific Capital, says Treasury Secretary Tim Geithner’s new ‘Financial Stability Plan’ is just more of the same bad policy. Here’s what Schiff would do if he were in charge.”
Source: TheStreet.com, March 1, 2009.
Fox Business: Fleckenstein – essentials to fixing the finance sector and economy
Source: Fox Business, March 3, 2009.
CNBC: Roubini: Nationalization debate is moot
“The debate isn’t about nationalization anymore, says Nouriel Roubini, chairman of RGE Monitor. He tells CNBC’s Martin Soong and Sri Jegarajah that the real discussion is whether banks should be wholly or partially nationalized.”
Source: CNBC, March 3, 2009.
CNBC: Jim Rogers – better to let financials fail
“The US bailing out troubled financials is not going to remove systemic risk. In fact, it is making the problem worse, says Jim Rogers, author and international investor. He tells CNBC’s Martin Soong & Sri Jegarajah why it is better to let financials fail.”
Source: CNBC, March 3, 2009.
