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Latest Videos
- Unimpressed With Citigroup and “Horrendous” Losses
Meredith Whitney joins Bloomberg to discuss her outlook for Citigroup and the financial industry as a whole. There too much to summarize in this clip but suffice it to say Whitney appears extremely pessimistic about Citigroup’s earnings for 2008 and further believes that the industry is significantly underestimating the “horrendous” credit losses related to the collapse of the mortgage and other consumer related credit markets.
Originally aired on: 5/12/2008 on Bloomberg
Running Time: 17 minutes 51 seconds
- Sliding Into Recession
Martin Feldstein of the National Bureau of Economic Research joins Bloomberg to discuss his outlook for the economy and the prospects for recession. Feldstein sees the U.S. economy as sliding into recession with many of the typical signs of weakness clearly apparent. Additionally, Feldstein sees the decline in home prices as being one of the most notable events currently unfolding.
Originally aired on: 5/5/2008 on Bloomberg
Running Time: 12 minutes 54 seconds
- Bernanke, Heat Maps and Foreclosure
Fed Chairman Ben Bernanke discusses the ongoing housing-mortgage debacle and foreclosures and the prospects for the future. Bernanke presents and overviews a series of “heat maps” constructed by the Federal Reserve in order to better visualize the housing stress which Bernanke notes is occurring in large part because of falling home prices.
Originally aired on: 5/5/2008 on Bloomberg
Running Time: 21 minutes 34 seconds
- A Frank Conversation
Rep. Barney Frank (D-MA), chairman of the house financial services committee, addresses a mortgage industry conference in Boston and details many issues related to the mortgage crisis and the government’s response. The Q&A at the end gets pretty heated and there are plenty of informative moments.
Originally aired on: 5/5/2008 on Bloomberg
Running Time: 29 minutes 29 seconds
- Nowhere Near The Bottom
Eli Broad, co-founder of KB Home, joins Bloomberg to discuss, amongst other things, the state of the economy and outlook for housing. Broad states that “I don’t think we are anywhere near a bottom in housing” adding further that he sees 15%-20% price drops from current price levels. Further Broad sees the process of clearing out the inventory of unsold and unoccupied homes another taking 3 – 4 more years.
Originally aired on: 4/28/2008 on Bloomberg
Running Time: 9 minutes 37 seconds
- U, V, W, or L
Professor Nouriel Roubini joins CNBC to discuss his outlook for the recession and specifically it’s “shape” i.e. duration and depth. Roubini sees the current recession as lasting longer and running deeper than the prior two but does not, at the moment, predict a long lasting Japan-style “L” shaped outcome.
Originally aired on: 4/25/2008 on CNBC
Running Time: 4 minutes 23 seconds
- Structural Bear Market
Louise Yamada, managing director of LYA, joins Bloomberg to discuss her analysis indicating that Citigroup, Pfizer, Dell and many other (consumer discretionary, financials, etc.) domestic stocks are experiencing a structural bear market that started in 2000 with up/down volume firmly indicating a continuation of a “sell into the rally”.
Originally aired on: 4/18/2008 on Bloomberg
Running Time: 5 minutes 36 seconds
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