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This documentary on the Financial Crisis premiered back in May, at just under 45 minutes it is impossible to cover all the issues. In places it oversimplifies, for example that the crisis began after 9/11 when Greenspan took rates down to 1% and Bush implored the population to be good Americans and spend, spend, [...] I’ve seen former Fed Governor Frederic Mishkin on CNBC a number of times and something has always bothered me about him. He always seemed to give wish washy non-committal answers. He’s the type of guest you know that you can get up walk away from the TV and know you’re not going to miss [...] Interesting debate, although the protagonists probably agree on more than they disagree. A couple of observations, Kroeber is a touch arrogant and overconfident, always a bad sign. More importantly though, Kroeber dismisses a lot of economic history with a version of the “this time it’s different” argument. Kroeber cites the volatility in Chinese [...] I’m glad this guy is back in the media. Such a simple message that so few in the mainstream seem to able to grasp. I love this quote in reference to the market meltdown of last week: “When a bridge collapses, you don’t look at the last truck that was on it, you look [...] Nassim Nichloas Taleb has been on a self-imposed media hiatus for a year until he recently broke his silence on CNBC. After the interview I wouldn’t be surprised to see him take another year off. If you are going to have Taleb on at least put him with someone who has a clue, not [...] Always worth a listen is James Chanos of Kynikos Associates. Jim talks thoughtfully on the growing bubble in China. [...] Great Discussion by Steve Keen From the blurb at pbs: In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, [...] I’ve often scoffed at the notion that guys pushing buttons on computers to send large sums of money around the world and back takes talent. The bromide bandied about by Wall Street banks to the effect that that if compensation limits were imposed on them, that their their so-called ‘talent’ would go elsewhere is [...] Steve Keen is well worth a listen if you want to hear from someone who thinks outside the box and swims against the mainstream. |
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