As the market tanks today, the Oracle thought that he would share a little humor to raise your spirits. The link below goes to a SNL video about the bailout bill that was censored from being broadcasted recently. It's entertaining and one of the SNL cast member really nails the Barney Frank's role.
Here is the video:
http://guestofaguest.com/finance/the-forbidden-snl-economic-bailout-skit/
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
Thursday, November 6, 2008
Wednesday, November 5, 2008
Meredith Whitney Updates the Financial Sector
For those that don't know who Meredith Whitney is, she is the executive director of equities research for Oppenheimer. She is one of the few people on Wall Street that provides a very good and raw opinion as to the health of the financial sector. Below is the CNBC video of her interview. Her opinions continue to be extremely bearish for the financial sector and all viewers of this video should pay close attention to her statements.
http://www.cnbc.com/id/15840232?video=920170651
http://www.cnbc.com/id/15840232?video=920170651
Saturday, November 1, 2008
A look at the credit crisis in the UK
As we have read on the news, the credit crunch is global and affecting countries all over the world. Here is a little news segment from BBC World showing how bad things have become in the UK. From what the Oracle has read, things in Eastern Europe are much dire than the UK. The Oracle believes that as the problems of Eastern Europe spreads, UK's situation will deteriorate even more.
Here is the BBC video. Unfortunately the people that put the video on Youtube did not allow for embedding. So here is the link.
http://www.youtube.com/watch?v=dMVccwVMpyQ
Here is the BBC video. Unfortunately the people that put the video on Youtube did not allow for embedding. So here is the link.
http://www.youtube.com/watch?v=dMVccwVMpyQ
Tuesday, October 28, 2008
Dylan Ratigan of CNBC comes clean
The more the Oracle watches CNBC, the more he realizes that the channel is the FOX News of the financial news. It seems like everyday during this credit crisis, the so-called "experts" have been calling a bottom to the stock market when we all know damn well that is not the case.
With that said, every now and then a little bit of valuable news or insight does come out from CNBC or its hosts. The below video is a recording of a radio show based in Arizona. The hosts are actually quite entertaining. In this video they play the interview around the 1:30 minute mark with the host of CNBC's Fast Money, Dylan Ratigan. Mr. Ratigan usually will make comments regarding the market and its policies, but rarely does he come out to state an opinion regarding the people in charge of our political system.
In the interview his states his opinion regarding the conflicting situation of having Hank Paulson, the current Treasury Secretary and ex-CEO of Goldman Sachs, steer us through the current financial crisis. For those that don't know, while Hank Paulson was at Goldman Sachs, he successfully lobbied Capital Hill to allow banks/investment firms to change the debt to asset ratio from 12/1 to 40/1. As a result of this move, most banks were stretched thin when subprime loans began imploding and this extention of leverage was one of the reasons why banks were going bankrupt.
Yes, Paulson is now in charge of cleaning up the mess he created and Dylan Ratigan has a few good points regarding the Paulson's conflicts as the Secretary of the Treasury.
Many times, valuable news will only show up in small segments like the interview with Dylan Ratigan.
With that said, every now and then a little bit of valuable news or insight does come out from CNBC or its hosts. The below video is a recording of a radio show based in Arizona. The hosts are actually quite entertaining. In this video they play the interview around the 1:30 minute mark with the host of CNBC's Fast Money, Dylan Ratigan. Mr. Ratigan usually will make comments regarding the market and its policies, but rarely does he come out to state an opinion regarding the people in charge of our political system.
In the interview his states his opinion regarding the conflicting situation of having Hank Paulson, the current Treasury Secretary and ex-CEO of Goldman Sachs, steer us through the current financial crisis. For those that don't know, while Hank Paulson was at Goldman Sachs, he successfully lobbied Capital Hill to allow banks/investment firms to change the debt to asset ratio from 12/1 to 40/1. As a result of this move, most banks were stretched thin when subprime loans began imploding and this extention of leverage was one of the reasons why banks were going bankrupt.
Yes, Paulson is now in charge of cleaning up the mess he created and Dylan Ratigan has a few good points regarding the Paulson's conflicts as the Secretary of the Treasury.
Many times, valuable news will only show up in small segments like the interview with Dylan Ratigan.
The Oracle's Grand Introduction
Hello Readers,
The Oracle is just a simple folk who enjoys scouring the Internet for information that does not get much coverage, but is still nonetheless extremely important to know. Through the many years of being a news junky, the Oracle learned that mainstream front page news is not necessarily the place people should look if that person is interested in learning a subject in much more detail. Hence, the name of this blog.
In today's world many people cannot see the differences between real news, marketing campaigns, and propaganda. If you look at the trend of news in the last 40 years, news has changed from something that informs people to something that will generate money. Due to the change in motivation, the entire news structure has changed at the price of your average reader.
The good news is that the important news and media is still available. This blog will provide the information and insight that is important and should not slip through the cracks. The Oracle has had a real interest in the financial markets and since we are facing a financial crisis, the Oracle will focus more on this topic as the crisis unfolds. But do not fret, even though reading the current state of affairs in the financial world makes one want to jump out of a window, the Oracle will provide some media that will mix things up......the Oracle promises. =)
The Oracle is just a simple folk who enjoys scouring the Internet for information that does not get much coverage, but is still nonetheless extremely important to know. Through the many years of being a news junky, the Oracle learned that mainstream front page news is not necessarily the place people should look if that person is interested in learning a subject in much more detail. Hence, the name of this blog.
In today's world many people cannot see the differences between real news, marketing campaigns, and propaganda. If you look at the trend of news in the last 40 years, news has changed from something that informs people to something that will generate money. Due to the change in motivation, the entire news structure has changed at the price of your average reader.
The good news is that the important news and media is still available. This blog will provide the information and insight that is important and should not slip through the cracks. The Oracle has had a real interest in the financial markets and since we are facing a financial crisis, the Oracle will focus more on this topic as the crisis unfolds. But do not fret, even though reading the current state of affairs in the financial world makes one want to jump out of a window, the Oracle will provide some media that will mix things up......the Oracle promises. =)
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