Financial Sense Online Interview
I keep getting reader requests for more podcasts. As long as others want to listen to my nasal drone, I'm game . . .
Podcast: Slowly Coming Out of Hibernation
We discuss Cramer’s Monday sell-everything call along with market sentiment and the reasons it may be a good time to start thinking about the long side. Barry has held a bearish sentiment for some time and it looks as though he may be slowly coming out of his hibernation.
Podcast: Origins of the Housing & Credit Crisis
I did a podcast with James Reese of Radio Economics
How accurate were these forecasts -- about markets, the economy, housing, lending and credit?
Barry Ritholtz Answers the Four Fundamental Questions about the Crisis (October 3, 2008)
iTunes Music Store Podcast (free)
Roubini Ritholtz Conference Call
Just got home from the conference with Nouriel Roubini et. al.
Mad props to Marketbeat for live blogging the entire session (after the jump).
This was a dry run for the next version, which might be 4 people (any names you might like to see/hear? Use comments to suggest others).
Best of "Bloomberg on the Economy"
click for iTunes
Excellent series of podcasts by Tom Keene of Bloomberg on the Economy. Highlights include conversations with Nobel Laureates, professors and top economists.
If you don't use iTunes, there is a listing of podcasts at Bloomberg.com after the jump . . .
World Affairs Monthly Interview: Insanity Distilled
Earlier this week, I did an extensive, far ranging interview with Thomas Pochari of the World Affairs Monthly. We touched on the massive changes in technology, media and business, the new frontier, this internet thingie, and the de-institutionalizing of society.
It was quite fun and for those of you who have asked for more podcasts, here's your request filled.
click for Real Player audio
For those of you who listen to the very end, I debate myself as to who is the bigger schmuck -- me, or Steve Ballmer. Its a close call, but the conclusion should come as no surprise.
Thomas' description of the interview is beyond generous:
"Johann Gutenberg changed the world with his printing press. He put the scribes and religious despots and freaks out of business. We are now moving to the next level. The book publishers in New York City and London now decide what ideas are important. Yes, they are still in power, but not for much longer. The religious scribes of the 21st century will soon be out of a job. Gutenberg ushered in Phase 2 of history. Now we are moving into Phase 3 of history. I have explained in WAM my role and my theory of the three phases of history. Do check up on my assertions and theories. I assure you that we are living in a very unusual and dramatic time of history.
I recently called up Barry Ritholtz to see how he sees things. I figured he would be interesting, and he certainly was. He is a Wall Street guy: he is the CEO and director of equity research at Fusion IQ. We surveyed quite thoroughly the rapidly changing landscape. Ritholtz is funny and sometimes quite brilliant. I enjoyed the discussion. Click here or on the audio icon above to listen to the editor of World Affairs Monthly interview Barry L. Ritholtz. Fusion IQ can be found on the net at www.fusioniqrank.com. Ritholtz is also a blogger. The Big Picture can be found on the net at http://bigpicture.typepad.com.
Funny, sure, but brilliant? Perhaps we should just chalk that up to way too much caffeine . . .
DE-INSTITUTIONALIZING A HYPER-INSTITUTIONALIZED (AND DECREPIT) WORLD
A few readers have suggested doing a VLOG or podcast. The idea being I can finish a sentence without interruption. I have taken that under consideration, and may start that after the redesign rolls out. In the meantime, whenever I can do an interview that is a podcast/mp3/video roll, I will.
Earlier this week, I did an extended interview with the Nasdaq, and you can hear it in all its nasal glory below.
Martin Wolf on Housing Prices & Bailouts
Podcast from the UK's Martin Wolf in the FT on Housing Bailouts, and government actions:
Fusion IQ Podcast
Speechless on Core CPI
I did a really crappy job last night responding to Jason Trennert's comments on inflation. Mostly because I was stunned that, at this point, anyone is seriously going to argue that inflation is benign.
I am paraphrasing, but Jason (an otherwise very nice guy) said words to the effect of "The Fed’s preferred inflation measure, Core PCE, showed little or no inflation (+1.4%)."
Meanwhile, Gold, Crude Oil, soft commodities and the CRB Index all rallied to new highs as the US Dollar $ declined to new lows. The front page of today's WSJ has an article: Historic Surge In Grain Prices Roils Markets . . . but there's no inflation.
I wonder what people will be saying when the September CPI comes out. It will be substantially higher due to soaring energy and food prices this month. Oh, wait, that's not in the core. (Nevermind).
Gee, I wonder why the Fed prefers Core PCE as an inflation measure -- instead of what is occurring in the real world?
Ironically, while Wall Street pundits and economists lap up obviously defective government data, the rest of the country is having none of it: According to this recent Gallup poll, public trust in the Federal Government -- across the board, on nearly every issue -- is at or near all time lows.
The government now ranks lower than it did post-Watergate:
"A new Gallup poll reveals that, as the organization puts it, Americans now "express less trust in the federal government than at any point in the past decade, and trust in many federal government institutions is now lower than it was during the Watergate era, generally recognized as the low point in American history for trust in government."
Among the findings: Barely half trust the government to handle international problems, the lowest number ever. And less than half express faith in the government handling domestic issues, the lowest findings since 1976.
Faith in the executive branch has fallen to 43% -- only 3% higher than it was just before President Nixon's resignation in 1974. At the same time, trust in Congress, at 50%, is its lowest ever.
Gallup has asked about trust in government since 1972. It conducted this year's poll Sept. 14-16 and found the following:
-- Barely half of Americans, 51%, say they have a "great deal" or "fair amount" of trust in the federal government to handle international problems.
-- Less than half of Americans, 47%, now have at least a fair amount of trust in the federal government to handle domestic problems."
The apportionment of this can be debated. I put about 60% of it on the White House -- primarily Iraq, Katrina, and the bifurcated economy -- and 40% on the Congress.
When the GOP controlled the legislative branch, they were either spending taxpayer money like drunken sailors on shore leave, chasing interns, or having gay sex in airport bathrooms. You know, the business of the people.
Now that the Democrats control Congress, they appear to this Independent to be nearly as bumbling and incompetent as the executive branch.
It almost makes you think Mark Twain was right: "Why Vote? It only encourages them!"
GALLUP: Trust in Federal Government, On Nearly All Issues, Hits New Low
Even Less Than in Watergate Era
E&P, September 27, 2007 10:30 AM ET
Low Trust in Federal Government Rivals Watergate Era Levels
Trust in state, local governments holding steady
Jeffrey M. Jones
GALLUP NEWS SERVICE, September 26, 2007
Historic Surge In Grain Prices Roils Markets
WSJ, September 28, 2007; Page A1