Charlie spoke with Obama’s Director of the Office of Management & Budget yesterday.  The video is below and it runs 30 minutes.  Orszag talks about Obama’s health care reform proposal after the first 11 minutes taken up by Obama and his press conference.
 

Share

Here’s a credit-crisis video retrospective from the Wall Street Journal. It is chapter one of a three part series.  Notice the Wall Street meme that subprime borrowers caused the crisis which is patently false.  It’s all about dodgy credits and Fannie and Freddie? Total rubbish. 
But, of course, if you say it enough, people might [...]

 
Here’s a nice clip from Stephen Roach from last week asking “where’s the demand?” 
His thesis is pretty simple:  we have an inventory-induced upturn that might actually show positive GDP growth in the U.S. for Q3, what I have termed the mother of all inventory corrections.  But, that’s it.  Underneath this is no discernible pickup [...]

13-minute video from the Wall Street Journal.
Related stories:

Iceland warms to Europe
Iceland to hand bank stakes to creditors
Iceland’s rehabilitation

Share

If you haven’t seen any of Jim the Realtor’s videos over at Calculated Risk, you are not getting a feel for what’s happening in residential real estate in America.  The guy really gives the whole housing problem in California a look you wouldn’t have unless you were a real estate agent living it. His videos [...]

Why is it that Jon Stewart, a comedian, has become the most able and trusted voice of investigative journalism into finance on television?  He spoke with the French Finance Minister Christine Lagarde, something I find remarkable given America’s disinterest in anything foreign and the enmity for the French amongst the xenophobic camp.
Christine Lagarde is a [...]

I just read a CNBC story which fails to mention CNBC’s involvement in the apparently erroneous report that Nouriel Roubini has suddenly become more bullish. Is this omission justified? 
The controversy centers on statements Roubini made regarding the timing of a technical recovery in the United States.  Yesterday, it was reported on CNBC and elsewhere [...]

Here is a video released by Karl Denninger of Market Ticker in which he shows exasperation with CNBC’s pro-bullish bias.  He notes that CNBC used comments by Nouriel Roubini to suggest the economy is rebounding faster. Denninger sees this as a pattern at CNBC and brings up prior incidents of a similar nature.
For his part, [...]

Below is a very good hour-long interview I spied earlier today with Janet Tavakoli, the author of a new book ”Dear Mr. Buffett.”  Hat tip Zero Hedge.
I also linked out earlier today to a piece she wrote over at CNN on “What Wall Street owes you.”  Take a look.

Source
C-Span Q&A, 19 April 2009 Transcript
Share

Talk about V-shaped recoveries.  Here’s one that’s actually for real.  It’s in Singapore and it’s huge.
Singapore appears to be emerging from its worst recession on record after the economy expanded at an annualised rate of 20.4% between April and June.
The rapid expansion compares with a revised contraction of 12.7% in the first quarter from January [...]