Financial news videos-more doom & gloom – Dec. 6, 2008

Here are some interesting financial news videos; stuff you won’t see on the evening news. The first is some more Peter Schiff Analogies.

http://www.youtube.com/watch?v=vweLBpE4mso

In this next one Meredith Whitney, executive director of equity research at Oppenheimer, discusses the credit crisis and her outlook on the financial sector. Meredith is noted for her 2006 warning about the collapse of the financial system. She’s a tough, fast-talking broad (meant respectfully), she doesn’t pull her punches and she ain’t been wrong yet.

http://www.cnbc.com/id/15840232?video=946475488

Below is John Authers (Financial Times): Investment-grade crisis
“The credit crisis is widely held to have begun in July last year. But for investment-grade non-financial companies, the true “crisis” did not start until three months ago.”

http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=950743896&_i_referrer=staf&fromSearch=n

Buffett’s Approach to Investing is Dead: Dr Doom. Warren Buffet’s investment strategy of buying stocks to hold for a number of years is no longer viable due to the extreme levels of volatility, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC. “The Warren Buffett approach is dead and it’s been dead for ten years and it’s going to be dead for another ten years,” Faber said Monday.

http://www.cnbc.com/id/27994326/

John Auther’s (Financial Times of London): Fear of Chinese slowdown
There was hope that the Chinese economy was “decoupled” from the West and that the Chinese economy would keep growing and help offset the decline of the West. John Auther states “The Chinese economy is far from decoupled from Europe and the US.” In other words, the Chinese are going down the toilet like everyone else.

http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=948018876&_i_referrer=staf&fromSearch=n

Disclaimer: I’m not an investment advisor and these articles are for commentary only. For specific advice you should consult your own investment professional.

Your comments are WELCOME! Lengthy comments may time-out before you’re finished so consider doing them in a word doc first then copy and paste to “Leave a Reply” below.

About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.
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