Share
Part 1 below is background and analysis

 
Part 2 is where Hendry and Stiglitz talk bailout with the Spanish Ambassador to the UK. Sparks do fly.

Share
This is how Stephen Roach describes the economy despite the largest monetary and stimulus in global history. Below is a TV interview Roach recently did on CNBC TV-18 as a video in two parts with the linked transcript at the bottom.  Roach says that historical precedent demonstrates recessions precipitated by large private sector debt burdens [...]

Share
I post this one half tongue-in-cheek (hat tip Scott).  A picture of Ben Bernanke was shown round to players from the Super Bowl’s Indianapolis Colts (once a local team here in the Baltimore-Washington area, but that’s another story).  These guys know their Fed Chairmen – that’s all I can say.
Pretty funny. Take a look. You [...]

Share
This past Monday I was on the BBC talking about the recently unveiled Fiscal Year 2011 Budget proposed by the Obama Administration for the U.S. Federal Government.  The budget is, as with most things Obama, a tightrope walk between the two ends of the political spectrum.  On the one hand, the President wants to be [...]

Share
For your amusement as well as your understanding of critical banking and finance reform issues. The funny thing about Colbert and Jon Stewart, his partner in crime at Comedy Central, is that they have a certain bread and circus appeal to them, don’t they.  Is that what it takes to get Americans to take real [...]

Share
Below is a Jim Chanos video on China now making the rounds in the financial blogosphere. 
Chanos says that most financial bubbles are the result of excess credit creation and believes that is exactly what we are witnessing in China.  Although Chanos sees serious overcapacity problems in China, he is not calling for a market [...]

Share
Finance and Economy

Obama Added a New Twist to Financial Reform Talk – NYTimes.com
immobilienblasen: BBVA Credit Quality Reality Check…..Spain & Portugal NPA Almost Double To 5.1 Percent
Bail-in roundtable: Author Q&A | The Economist
Constrain banks in booms: Bail-in roundtable: Address the boom | The Economist
Paul Volcker – How to Reform Our Financial System [...]

Share
Jim Chanos was on CNBC talking about, amongst other things, China.  And while he is bearish on China, the quote that jumped out at me was the one in the title.
He is bearish on China because of an unprecedented credit-induced bubble in Chinese real estate. He quotes 30 billion sq. ft. of construction underway [...]

Share
Here is more of Marc Faber, this time with Stephen Roach joining from Asia. Faber starts things off by making a point I have made many times in the past, namely that the Federal Reserve’s easy money policy is asymmetric; they are quick to cut on the way down, but slow to raise rates on [...]

Share
My favorite economic entertainer is back with his usual over-the-top semi-apocalyptic comments about government officials, the U.S. and more.  Here are a few choice quotes from Dr. Doom followed by the full videos of his session on Squawk Box on CNBC Europe below.
On Obama
I don’t have a very high opinion of Mr. Obama. I was [...]