Wednesday, September 30, 2009

Subodh Kumar, CFA

In a most insightful third interview, the Chief Investment Strategist of Subodh Kumar & Associates provides a comprehensive review of the global economic climate, the importance of the recent German elections and the connection to deficits and central bank exit strategies, and a stock market preference for emerging markets.

The length of the interview is 19 minutes 11 seconds.

Note: You can also view Subodh's October 7 CNBC appearance by clicking here.

Tuesday, September 22, 2009

David Malpass

I have decided that an early publication of my interview with David Malpass, President of Encima Global, is warranted as a key element of our discussion centered on the importance of small businesses and the state of the US economy.

Recognized but under-appreciated by most investors, the engine of job creation in the US is far from healthy. While big and sound businesses have had their access to capital restored and have business models centered on the global markets (which is where the growth is), small and mid sized businesses in the US do not enjoy such good fortune. And while some might argue that the process the global economy is going through is a form of creative destruction, David astutely points out that bankers' quest for safe investments runs the risk of cutting into the muscle of the economy - not to mention the role such credit starvation will play in the stagnation of wage growth and employment. With an national election on the calendar next year (and the Democrats poised to take a mid term beating), the political dimension to this issue will almost certainly take center stage.

The investment strategy implications are not just in the broad macro economic sense. In tomorrow's commentary I will elaborate on this point. Until then, I encourage you to give the 14 minutes 8 second informative and insightful interview a listen (or two).

Monday, September 21, 2009

Friday, September 18, 2009

Vinny on Bloomberg radio ETF report

An excerpt from last week's Bloomberg radio "Taking Stock" appearance re high yield bonds found its way onto another Bloomberg radio segment, ETF Reports.

To listen to the brief excerpt, click here.

Wednesday, September 16, 2009

Vitaliy Katsenelson, CFA

My conversation with the Director of Research for Investment Management Associates and author of "Active Value Investing: Making Money in Range-bound Markets" includes the investment significance re the wide gap between operating earnings and GAAP earnings, reasons to doubt China's published growth rate, the sustainability of the rally in gold, and a major contrarian call on healthcare.

The length of the interview is 17 minutes 58 seconds.

Friday, September 11, 2009

Bloomberg radio

Vinny the short term bear on Bloomberg radio at 3:30 (eastern), if you are so inclined.

Wednesday, September 9, 2009

Susanne Trimbath, Ph. D.

My interview with the CEO and Chief Economist of STP Advisory Services includes her libertarian perspectives on the virtuous circle, the risks in the Fed's exit strategy, key consequences of financial innovation, and the next global financial crisis: public debt. Dr. Trimbath is also the author of "Beyond Junk Bonds: Expanding High Yield Markets".

The length of the interview is 18 minutes 28 seconds.