[Premium] Marc Faber on Euro zone breakup and US and European equities

Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu. The overall gist of his commentary was that a euro zone breakup would be beneficial and that he believes European peripheral equities are oversold. Take a look

Bill Gross: QE on hold but QE3 would be back on if jobs reports are weak

Last month PIMCO founder and Chief Investment Officer Bill Gross said PIMCO sees a mortgage-backed QE3 from the Fed as likely. As a result, Pimco has increased its exposure to these. He spoke to Bloomberg television yesterday about how his views on this have changed and it depends on the upcoming jobs reports

Goldman CEO Lloyd Blankfein on Bloomberg Television

Bloomberg TV spoke to Goldman Sachs CEO Lloyd Blankfein today in a much discussed interview. Below is the video and partial transcript of that interview. I provide it without comment

Steve Keen: The Maastricht Treaty is a suicide pact for European leaders

Professor Steve Keen was on Tonight with Vincent Browne in Ireland last week, where the topic understandably was the European Union. The question for Steve was how the Maastricht Treaty fits his economic paradigm, which follows Hyman Minsky’s Financial Instability Hypothesis. Below is a 10-minute clip from the show

Transcript: Federal Reserve Chairman Ben Bernanke Interview with Diane Sawyer

Below is a video excerpt of the interview US Fed Chairman Ben Bernanke conducted with ABC News’ Diane Sawyer earlier this week. Below that is the transcript

Rollerball: The game is created to demonstrate the futility of individual effort

Marshall Auerback sent me this video of Rollerball. I liked it so much, I thought I would post it

Video: The most sensational, inspirational Muppet Show

The most sensational, inspirational celebrational, muppetational… This is what we call the MUPPET SHOW!

Video: Quantitative Easing Revisited

Deficit fatigue has set in as large scale deficit spending has become politically unacceptable. Austerity is now in. This has caused a recession throughout Europe and weakened the US. To counteract this fiscal retrenchment, monetary authorities are ‘printing’ as much money as they can reasonably get away with.

QE is the policy choice du jour and Omid Malekan has a colorful take on what it means. Take a look

It’s Timmy Time

This is a sing along in honor of the US Treasury Secretary

Stephen Colbert for President of the United States

Colbert says “clearly, my fellow South Caroliniacs see me as the only viable “Mitt-ternative”. Take a look

Happy New Year Smiles

Coldplay is what I’m listening to tonight

Merkozy’s Dinner for One

Soon, Credit Writedowns Pro is coming out with my predictions/forecast for 2012. I am aiming for a Jan 5th release and will also start a few forum topics then as well. See the piece “Introducing Credit Writedowns Pro”, which is stuck to the front page, for pricing. For now, I want to wish you a Happy New Year. And I thank you for making 2011 an enjoyable and unique experience. Here’s my first non-links post of 2012: Merkozy’s Dinner for One video in German. Thanks, Scott. Enjoy