Beyond the Sound Bite

Taking Stock appearance

2012-01-14T11:49:00.008-05:00

Following on my foxbusiness.com appearance (see post below), my most recent Taking Stock with Pimm Fox and Courtney Donohue includes concerns re the risks of the US markets marching ahead of world markets and, wearing the interviewer hat, I get to quiz fellow guest Doug Ramsey. To listen, click here

foxbusiness.com appearance

2012-01-13T09:49:00.005-05:00

My appearance yesterday with Tracy Byrnes at Fox Business explores the January effect, the importance of seeing the full January performance and not just the first two weeks, the continued hollowing out of the US economy, and the consequences of the whopping $20B increase consumer credit.

Taking Stock appearance

2011-12-29T10:47:00.004-05:00

My most recent Taking Stock with Pimm Fox and Courtney Donohue is a year end look at the markets and economy. To listen, click here

foxbusiness.com appearance today

2011-11-14T16:17:00.004-05:00

foxbusiness.com appearance today

2011-11-01T15:41:00.001-04:00

Talking Head Alert: foxbusiness.com Today

2011-11-01T10:04:00.002-04:00

Okay, so I look prescient (at least for 3 days) after last Thursday's appearance on Bloomberg radio's "Talking Stock with Pimm Fox and Courtney Donohoe" some 60 S&P 500 points ago. Now what?

Today's talking head appearance affords me another opportunity to describe my emerging bear call and can be viewed at foxbusiness.com (not on cable) at 1 PM (eastern) today.

In addition to my submitted suggested talking points (below, sent yesterday), I hope to explain why
1 - Big market moves within defined trading ranges mean nothing.
2 - On its own, moves above and below the 200 day average also mean nothing.

Plus the emerging bull market in Komboloi (see accompanying image).

Suggested talking points:

Commentary: Blind Faith

* Bottom up type of investors - those that make investment decisions based primarily (many exclusively) on earnings - have helped drive stocks to current levels.
* Following their lead is a very dangerous practice for investors, as bottom up investors have an investment method that is fraught with danger.
* Last Thursday's stock market rally illustrated just how dangerous their approach to investing is: driving stocks higher on the news of the Eurozone deal without full knowledge of the deal's consequences.
* Their method - earnings matter above all else - is anchored in the belief that what's good for business is good for the economy. To believe this is to believe in laissez-faire economics, that unfettered markets work best, that government that governs least governs best.
* One would think that the recent experience (2007 - 2009) would have put this thinking to bed. But old ideas based on an ideology (dogma) die hard.

Market Assessment

* There is neither a fundamental nor a technical analysis reason to change my early bear call.
* My proprietary Mega Trend is still strongly in the bear category.
* Earnings are on the verge of a serious decline into 2012 (and beyond) as the Eurozone slips into recession.
* At best, stocks should sell at a low double digit P/E, not the current average (15 times) P/E.

Actionable Items

* Resist the siren call of the bottom up bulls. Keep a low equity exposure (50 to 60%).
* Put on mega cap, small cap hedges (long mega cap OEF, long the inverse small cap RWM).
* Be prepared to drop the equity exposure below 50% when the second wave of the bear emerges.

To view the segment live, click here.

Bloomberg Radio Today

2011-10-27T14:32:00.002-04:00

In addition to answering (explaining!?! defending!?!) why I believe this is a counter rally within an emerging bear market, I am hopeful that today's Bloomberg radio segment (4:30 PM easter, "Talking Stock with Pimm Fox and Courtney Donohoe") will touch on the risks inherent in the methodology that most traditionally trained bottom-up portfolio managers and strategists employ in their investment decision-making. And why it is risky to follow those who employ this approach with its faulty premises and embedded blind spots.

To listen to the segment live, click here.

China's Ghost Cities

2011-10-14T12:28:00.004-04:00

This week's Quotable Quotes takes a look at China's ghost cities via a recent (March 2011) investigative report from SBS Dateline (Australian TV). If investors are looking for the other economic shoe to drop on the tenuous global economic environment, this very well could ultimately be the source.

Protest Movement

2011-10-07T13:18:00.003-04:00

What's a protest movement without a little kid dancing. (3 minute mark is the best.)

Quotable Quotes: Steve Jobs

2011-10-07T11:57:00.004-04:00

September 30 media appearances

2011-10-04T15:40:00.012-04:00

On Friday, September 30, I had the pleasure of being a guest on two programs - foxbusiness.com with Tracy Byrnes and Bloomberg radio''s "Talking Stock with Pimm Fox and Courtney Donohoe".

Topics discussed include the prospect of disappointing, perhaps very disappointing, 3Q11 earnings; asset allocation and portfolio strategies for these volatile markets; and the market impact and importance of family offices.

To listen to the Bloomberg radio interview click here.

September 1 Bloomberg radio appearance

2011-09-03T10:00:00.003-04:00

To listen to my interview on Taking Stock with Pimm Fox and Courtney Donohue click here.

September 1 Fox Business appearance

2011-09-01T18:32:00.003-04:00

Media Appearances today

2011-09-01T09:57:00.005-04:00

The time and segments are as follows:

Foxbusiness.com at 1 PM (eastern)

http://www.bloomberg.com/radio/ around 3 PM (eastern)

Prospective talking points:

1 - Overly optimistic earnings expectations by bottom-up analysts. A rude awakening awaits when 3Q11 earnings season gets underway. My proprietary MERI sits at -11.

2 - How the current bear market got started in an extremely rare fashion and why, for most investors, the current market rally will be so hard to sell into.

3 - My recent 10 day trip to Brazil. Impressions on the country and questions as why the US does not have a stronger presence there.

August 9 foxbusiness.com Appearance

2011-08-12T09:06:00.005-04:00

Robert Steven Kaplan

2011-08-10T10:48:00.022-04:00

It isn't everyday that we get to hear the former vice chairman of the Goldman Sachs Group share his thoughts and insights into the current economic and market environment.

Currently, Rob is professor of management practice at Harvard Business School and co-chairman of Draper Richard kaplan, a global venture philanthropy firm. Rob is also the author of the just published "What To Ask The Person In The Mirror": Critical Questions for Becoming a More Effective Leader and Reaching Your Potential.

In addition to discussing key aspects of his book, my podcast interview with Rob produced several very insightful thoughts on these most turbulent times, including the "series of sagas" investors are coping with, the implication of the changing structure of the market (e.g. capital impact on commercial banks during market swings, initiators and accelerators, pro-cyclicality), and President Obama and the question of vision and leadership.

The length of the interview is 21 minutes 18 seconds.

To listen to this interview, click here

Expansionary Austerity: A New Economic Philosophy

2011-07-24T16:38:00.002-04:00

Taking Stock with Pimm Fox

2011-07-07T16:34:00.007-04:00

In my Friday, July 1st appearance on Bloomberg radio with Pimm Fox we discussed the current state of the equity markets, among other topics.

To listen to the interview, click here.

Vahan Janjigian

2011-06-30T08:29:00.008-04:00

My good friend, and former Chief Investment Strategist with Forbes, Vaham Janjigian, made his initial appearance on foxbusiness.com with Tracy Byrnes. Hearing Vahan's opinions and insights are always well worth the time.

In The Media

2011-06-23T09:13:00.003-04:00

In this interview, I bring back a point I made on a number of occasions in the past - the conflicted position of the US worker, who also happens to be the US consumer. In a globalized world, one wins (consumer) while the other loses (worker).

The Mr. Miyagi Market

2011-05-25T08:19:00.008-04:00

Yesterday, my latest appearance on foxbusiness.com with Tracy Byrnes afforded me the opportunity to describe the Mr. Miyagi market (wax on, wax off).

Note: The above interview was ended at roughly the halfway pooint by foxbusiness.com editors for (I assume) their media posting purposes.

Hedge Fund Managers Adapt

2011-05-15T21:08:00.004-04:00

In light of the Rajaratnam conviction, here's how some hedge fund managers might end up sharing their "ideas".

Say What?

2011-03-09T11:08:00.008-05:00

Another talking head moment, this time via my appearance yesterday on foxbusiness.com

Talking Head Time

2011-03-07T08:27:00.004-05:00

This morning I had the opportunity to participate in a week ahead market discussion for BNN TV.

To view part 2, click here

To view part 3, click here

Note: due to technical difficulties, I was not connected for part 1.

Say What?

2011-02-24T09:52:00.018-05:00

Yesterday, I had the opportunity to be a guest on Bloomberg radio's "Taking Stock" program and NDTV (New Delhi Television) Profit's program discussing the current market and economic environment. A key focus explored was one of the two major themes of my recently concluded Market Forecast series (10 events, 10 cities, 34 expert panelists, 920 attendees, in 6 weeks): once the the US economy is taken off stimulus steroids, will it achieve a private sector led sustainable expansion (what economists lovingly refer to as "escape velocity")? The answer will almost certainly disappoint you.

To listen to the "Taking Stock" segment, click here

To view the NDTV segment, click here

Philip J. Orlando, CFA

2011-02-23T10:46:00.007-05:00

My annual interview (this being the fourth) with Federated Investors' Senior Vice President, Chief Equity Market Strategist, Senior Portfolio Manager includes the good news/bad news aspects of the current US economic and corporate profits outlook, the direction of interest rates, an appropriate multiple for stocks, the importance of education as a long term solution to stagnant US middle income wages, and how a traditional institutional investor manages the changed structure of the markets.

The length of the interview is 16 minutes 10 seconds.

To listen to this interview, click here

Note: Phil is actively involved with FECA, the Foundation for Educating Children with Autism

James J. Valentine, CFA

2011-02-09T08:46:00.003-05:00

Ivory tower meets real world.

Once in a great while, a book comes along that blends the theoretical with the practical in such a way that readers are treated to insights of great value. Such is the case with "Best Practices for Equity Research Analysts: Essentials for Buy-Side and Sell-Side Analysts", the topic of this week's interview.

The former multi year II ranked analyst and former director of global training and development with Morgan Stanley describes in five parts how to excel as an equity analyst. Anyone interested in, involved in, or considering a career as an equity analyst (buy or sell side) will have their knowledge and almost certainly their career enhanced. I cannot overstate the usefulness provided.

To listen to the 15 minutes 32 second interview, click here

Phil Roth, CMT

2011-02-02T08:49:00.002-05:00

In his last appearance back in April 2010, I asked the highly respected market strategist, "Is the bull done?" His reply now is the same as then, "Not yet". This despite the continuing absence of any meaningful participation by traditional investors (professional and non) and the risk that having an equity market dominated by the fast money crowd (hedgies and others).

In such a non traditional bull market, what are the market related signs one should be on the lookout for? What are seasoned Wall Street veteran's likes and dislikes in the market? And is the market climbing a wall of worry?

These and other issues are discussed in my 12 minute 37 second interview.

To listen to this interview, click here

Vinny in the media

2011-01-28T10:32:00.015-05:00

My "Tale of Two Halves" is the central focus of my latest media appearances: "Taking Stock with Pimm Fox" yesterday and on New Delhi TV on January 14th.

To listen to the Taking Stock interview, click here

To view the New Delhi TV segment, click here

George Milling-Stanley

2011-01-26T09:32:00.027-05:00

The Bard once wrote, "All that glitters is not gold". The precious metal may glitter uniquely among assets, but how does one measure the value of gold? Can one measure the value of gold?

In my interview with the Managing Director, Government Affairs for the World Gold Council, key factors in assessing the precious metal are explored. Additionally, understanding the role of gold and central bank's reserves ("The Importance of Gold in Reserve Asset Management") is discussed*.

To listen to the 15 minutes 16 second interview, click here

*A video version of this report can be found here.

William Hartung

2011-01-19T09:30:00.001-05:00

Too big to fail. Think it pertains only to the banking industry? Think again.

With the defense budget representing a very large chunk of the US federal pie, it behooves all investors to better understand this vital area of US government, not to mention the US economy. From his most recent book, "Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex", key aspects of President Eisenhower's final speech warning is fleshed out by the defense expert with the "New America Foundation". The consequences of actions - economic and geo political - go far beyond the industry itself and cannot be overstated.

To listen to the 13 minutes 33 second interview, click here

Robert Arnott

2011-01-12T09:29:00.018-05:00

To most investors, including many investment professionals, indexes are constructs designed to track a defined area of the economy, usually via financial assets. Yet, "indexing as an investment concept" is far more prevalent than most realize.

In my interview with the co-author of " The Fundamental Index" and Chairman, Founder of Research Affiliates, we explore such areas as efficient indexing, the market inefficiencies that result from cap weighted indexes, and RAFI, the Research Affiliates Fundamental Index approach to investing. For those interested in understanding an investing methodology that large institutional investors such as PIMCO utilize, this interview will open the door to a fascinating and largely under-appreciated segment of the financial markets.

To listen to the 15 minutes 25 second interview, click here

Upcoming Media Appearances

2010-12-29T15:33:00.001-05:00

Bloomberg radio, "Taking Stock with Pimm Fox", today, Wednesday, December 29, @ 4:05 pm (eastern)

BNN TV, "Business Day", tomorrow, Thursday, December 30, @ 3:05 pm (eastern)

Meir Statman

2010-12-21T20:11:00.016-05:00

Do investors really know what they want?

Well known among those in the CFA Institute and CFA society circles, the highly regarded behavioral scientist shares his thoughts and insights from his most recent book, "What Investors Really Want". Benefits (utilitarian, expressive, and emotional), cognitive errors, human nature, and rational investing are touched on in this most interesting and informative interview. Who knows, by exploring the mind of the market you may find yourself looking in the mirror.

To listen to the 15 minutes 04 second interview, click here

Bethany McLean

2010-12-15T08:41:00.005-05:00

In The Tempest the Bard wrote, "Hell is empty, and all the devils are here." He could have easily been describing the financial crisis, its causes, and its aftermath.

My interview with the coauthor of "All The Devils Are Here: The Hidden History of the Financial Crisis" takes us deep into the details of what went wrong and why. The depth of the investigative work is truly remarkable and, when understood in conjunction with my September 16th podcast interview with Simon Johnson, helps complete the picture of what happened, why it happened, and how to anticipate future such crisis.

To listen to the 13 minutes 04 second interview, click here

Michael Phillips

2010-12-02T12:36:00.022-05:00

My interview with the former CEO and Chairman of Russell Investments, current Chairman of the Russell 20-20 Association, and Chairman of Altaira Wealth Management, enabled me to tap into his decades of investment experience and insights to explore important economic and market issues including: a global macro economic overview, the recently adopted financial regulations, and the structure of today's financial markets with its prospective impact of producing a lost generation of investors.

To listen to the 14 minutes 20 second interview, click here

Note; Due to recording factors, there is a slight volume variance between the interviewer (that would be me) and the interviewee (that's Michael) as well as an occasional warble in the interview. This does not take away from the quality of the content but can impair the quality of the listening experience. My apologies to Michael and to all listeners.

Ralph Acampora, CMT

2010-11-30T15:45:00.012-05:00

Now affiliated with the investment and wealth management firm, Altaira Wealth Management, the legendary market strategist shares his optimistic market views, the tools he uses to analyze the markets, and the importance and impact that a changed market structure has on the investing.

To listen to the 14 minutes 54 second interview, click here

foxbusiness.com appearance November 22, 2010

2010-11-23T13:06:00.004-05:00

Bloomberg radio today

2010-11-04T14:31:00.011-04:00

On "Taking Stock with Pimm Fox" on Bloomberg radio today, we got to discuss my blog posting, Bernanke "The Gambler".

Bloomberg radio appearance

2010-10-21T09:31:00.004-04:00

In case you missed the Tuesday, October 19 appearance on "Taking Stock with Pimm Fox", click here

TheStreet.com media appearance

2010-09-29T14:18:00.014-04:00

Last Friday's TheStreet.com interview has been published and posted today.

To view the interview, click here

Bloomberg radio appearance

2010-09-27T23:13:00.006-04:00

In case you missed the Monday appearance on "Taking Stock with Pimm Fox", click here

Media appearance today: Bloomberg radio "Taking Stock with Pimm Fox"

2010-09-27T14:10:00.006-04:00

Media appearance today on Bloomberg radio program "Taking Stock with Pimm Fox" at 4 PM (eastern).

Prospective talking points:

* There may be an enthusiasm gap in politics but there is certainly not one in the equity markets.
* The September relief rally has morphed into a more confidently bullish mode lifting valuation models well into overvalued territory.
* At to above average P/Es are now embedded in the data.
* Is the current environment average, which therefore justifies an average P/E of 15?
* Do the valuation math:
o current S&P 500 price: 1147
o required return: 11%
o future price (12 months ahead): 1273
o optimistic expected earnings (next 12 months): $86
o future price (1273) divided by exp. earnings ($86) = 15 P/E

Also, re enthusiasm - Cash levels at stock mutual funds are now at their lowest levels in decades. (see accompanying chart, click image to enlarge)

Plus market technicals - internal divergences have begun, no external divergences thus far.
Last time internal divergences occurred (early August), stocks dropped 8%.

Simon Johnson

2010-09-16T07:51:00.019-04:00

"A fiscal agenda that is sensible and a fiscal message that makes sense has to make banking front and center."
Simon Johnson

The consequences of public policy decisions are front and center in my very informative interview with the coauthor of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown and highly regarded commentator. In the interview we explore many vital issues - too big to fail, shadow banking system, securitization, Basel III, US fiscal debt, Elizabeth Warren.

To listen to the 14 minutes 11 second interview, click here

David Malpass

2010-09-13T08:00:00.002-04:00

Tomorrow is primary day in New York state. One of the Republican candidates for senator is our guest - David Malpass, President of Encima Global and former Chief Economist with Bear Stearns. In a most informative way, the self described Reagan Republican makes his conservative case of limited government, tax and associated public policies for your consideration.

To listen to the 12 minutes 20 second interview, click here

Dr. Rob Atkinson

2010-09-08T12:23:00.011-04:00

Will President Obama's economic proposals help produce a sustainable economic expansion? For this and other timely topics, we once again turn to the CEO and innovation expert with the Information Technology and Innovation Foundation to help identify the key elements of public policy that can most effectively enable the US to achieve sustainable economic growth.

To listen to the 12 minutes 28 second interview, click here

foxbusiness.com appearance: Friday, Sept. 3

2010-09-03T15:09:00.003-04:00

Note: At the end of the video I commented re my attendance at The Juilliard School. To clarify, I attended and took several classes at the school but was not a matriculating student as my comment might imply.

Yahoo Finance "Tech Ticker" appearance: Wednesday, Sept. 1

2010-09-02T15:12:00.001-04:00

Yahoo Finance "Tech Ticker" appearance: Wednesday, Sept. 1

2010-09-02T15:09:00.003-04:00

Jonathan Erlichman

2010-09-02T08:48:00.006-04:00

Astute investors know that the financial media plays an essential role in the investment decision-making process. It is, therefore, most helpful to understand the process by which those in the financial media go about doing their work. To this end, listeners will find that the thoughts and insights offered by the well-respected markets reporter and anchor at Bloomberg TV to be most useful.

To listen to the 12 minutes 31 second interview, click here

Vinny on Bloomberg radio

2010-08-11T08:06:00.010-04:00

In case you missed the Monday appearance on "Taking Stock with Pimm Fox", here it is.

To listen to the interview, click here

Upcoming Media Appearances

2010-08-09T13:51:00.001-04:00

Bloomberg radio, "Taking Stock with Pimm Fox", today, Monday, August 9, @ 4 pm (eastern)

Yahoo Finance Tech Ticker appearance

2010-08-05T15:40:00.003-04:00

Diane Swonk

2010-07-21T07:13:00.004-04:00

My interview with the Chief Economist with Mesirow Financial and author of "The Passionate Economist: Finding the Power and Humanity Behind the Numbers" includes the austerity versus stimulus debate, the multi-speed global economy, deflation, advisable government policy, and the risks of developed economies deceleration.

The length of the interview is 15 minutes 32 seconds.

If the audio player doesn't load, click here

David Rosenberg

2010-07-14T09:45:00.007-04:00

Exactly how bearish is David Rosenberg? The answer may surprise you.

The length of the interview is 14 minutes 26 seconds.

If the audio player doesn't load, click here

Vinny on Yahoo Finance "Tech Ticker" 1st segment - S&P to 1440 or 400?

2010-07-13T08:09:00.001-04:00

Vinny on Yahoo Finance "Tech Ticker" 2nd segment: The Real Risk in a Double Dip

2010-07-13T07:12:00.001-04:00

Vinny on Yahoo Finance "Tech Ticker" 3rd segment: A Lost Generation of Individual Investors

2010-07-13T06:35:00.000-04:00

Rob Nichols

2010-07-09T09:33:00.005-04:00

Continuing our focus on the likely impacts of financial regulatory reform on the financial services industry and the overall economy, we get the perspective from the President and COO of the Financial Services Forum.

While not as well known as some other associations, the Financial Services Forum is "a non-partisan financial and economic policy organization comprising the CEOs of 19 of the largest and most diversified financial services institutions doing business in the United States". Need I say more?

Those interested in hearing the views of this important group from its leader will find it a most productive use of one's time.

The length of the interview is 17 minutes 38 seconds.

If the audio player doesn't load, click here

Todd Groome

2010-07-07T09:31:00.007-04:00

In this twilight period before earnings season gets into full swing and the all-important third quarter macro economic reports provide the vital insights into the strength of the US economic recovery, we arranged for a series of podcast interviews with key leaders in various segments of the financial services industry to give their initial thoughts and opinions on the financial regulatory reform bill working its way through Congress.

My first guest is Todd Groome, Chairman, Alternative Investment Management Association. In this interview, we learn how hedge funds, private equity, and other alternative investment organizations might perceive the prospective changes.

The length of the interview is 16 minutes 02 seconds.

If the audio player doesn't load, click here

Foxbusiness.com

2010-07-02T15:36:00.000-04:00

Upcoming Media Appearances

2010-06-14T12:12:00.002-04:00

Bloomberg radio, "Taking Stock with Pimm Fox", Tuesday, June 15, 4 pm (eastern)

"Ron Insana program", Wednesday, June 16, 7:15 am (eastern)

William C. Dunkelberg

2010-06-03T07:01:00.010-04:00

Those looking for Friday's job data to hit the latest whisper number (+900,000) are likely to be disappointed.

In my conversation with the Chief Economist for the National Federation of Independent Business (representing that segment of the US economy that is responsible for most of the job creation - small business) we explore the likely square root recovery for the US economy, the state of small business (not especially good) and how it augers for new job creation (also, not especially good).

Understanding why and how small businesses are in less than stellar shape - well into an economic recovery - and its implications - economic and political - are topics investors in large, publicly-traded companies may want to take some time investigating.

The length of the interview is 15 minutes 03 seconds.

To listen to the interview, click here

Christopher Chabris, Ph.D. and Daniel Simons, Ph.D.

2010-05-28T10:51:00.042-04:00

If someone told you to keep your eye on a bouncing ball, do you think you would notice a gorilla entering into then departing your field of vision?

We kick off our summer reading series with the authors of "The Invisible Gorilla: And Other Ways Our Intuitions Deceive Us". In a most fascinating conversation with the cognitive psychologists, we explore key elements of behavioral science and many of its applications to decision-making including the myth of intuition, the illusion of knowledge (e.g. Amaranth), and the appeal of confidence and certainty ("...we prefer people who are confident even when we have all the information we need to see that they are less accurate in what they are saying."). Bernie Madoff, anyone?

Investors seeking to gain a better understanding of their own investment decision-making process will find the time spent listening to this podcast as time well spent.

The length of the interview is 16 minutes 28 seconds.

If the audio player doesn't load, click here

Don Rissmiller

2010-05-19T19:47:00.000-04:00

"Kick the can down the road" seems to be the policy response of governments, Europe being the latest to do so. My fourth interview with the Chief Economist at Strategas Research Partners begins with this issue and the virtually inevitable consequence when "the bill comes due". We also discussed the inherent conflict between the positives of the cyclical recovery presently experienced in most regions of the world and the secular risks of a (still) structurally imbalanced world. We end with a quick look at the US consumer.

The length of the interview is 14 minutes 25 seconds.

To listen to this interview, click here

Dr. Ian Bremmer

2010-05-14T12:58:00.000-04:00

As important as China and other emerging economies are to the global economy, precious little time is devoted to understanding their form of capitalism. And when it comes to western oriented economies, even less time is taken to understand which form of capitalism will emerge as the dominant economic philosophy in the aftermath of the ongoing credit and economic crises.

My interview with the founder and president of Eurasia Group, the world's leading global political risk research and consulting firm, and author of The End of the Free Market: Who Wins The War Between States and Corporations addresses these vital and transformational issues that are and will impact the global economy. Investors who take the time to go down the learning curve and seek to understand this emergent battle - its consequences and likely outcomes - will benefit significantly.

The length of the interview is 12 minutes 30 seconds.

To listen to this interview, click here

Dr. Robert Litan

2010-05-13T10:03:00.001-04:00

We conclude our Innovation Series with a discussion on the financial regulatory reform working its way through Congress, America's global innovation position, the competitive threat from emerging markets' companies, and the public policy considerations.

Dr. Robert Litan, Vice President, Research and Policy, Ewing Marion Kauffman Foundation; Senior Fellow, Economic Studies, Brookings Institution, is our guest.

The length of the interview is 13 minutes 15 seconds.

To listen to this interview, click here

Lakshman Achuthan

2010-05-12T11:18:00.017-04:00

The recent market volatility has brought back into the discussion the risk of a double dip in the US economy. To this and other economic issues we turn to the prescient Managing Director of the Economic Cycle Research Institute (ECRI).

Mr. Achuthan describes how the ECRI analysis points toward a deceleration of economic and profits growth and not a double dip. In this interview, we also explore the unique methodology of ECRI, the Euro rescue package, the impact of a shocks, and the preconditions necessary for shocks to alter the direction of a prevailing economic trend.

Note: In addition to the above noted website, those wishing to learn more about Mr. Achuthan and ECRI might consider his book, Beating the Business Cycle.

The length of the interview is 16 minutes 58 seconds.

To listen to this interview, click here

Dr. Ross Levine

2010-05-07T05:02:00.000-04:00

Does recently maligned financial innovation produce an economic good? The third installment in our Innovation Series explores this question with the James and Merryl Tisch Professor of Economics and Director William R. Rhodes Center for International Economics and Finance, Watson Institute for International Studies, Brown University.

Fresh off his Economist magazine on-line debate with Nobel laureate Joseph Stiglitz, Dr. Levine - the advocate for financial innovation - describes why financial innovation is not just important but "necessary for growth". We also discussed the role of regulation viz-a-viz financial innovation and the future of the economics profession (including the George Soros funded Institute for New Economic Thinking initiative.

The length of the interview is 14 minutes 12 seconds.

To listen to this interview, click here

Dr. Paul Kedrosky

2010-05-05T09:22:00.002-04:00

We continue our Innovation Series with the well-known editor of the popular blog, Infectious Greed, by exploring his views on financial regulatory reform - its potential negative impact on angel investing and the implications for innovation, as well as the risk that banks would be constrained from assisting early stage growth companies. We also discussed the appropriate role of government in spurring innovation and the under appreciated aspect re how immigrants play a key role in America's standing in innovation.

The length of the interview is 15 minutes 44 seconds.

To listen to this interview, click here

Dr. Rob Atkinson

2010-04-23T05:44:00.002-04:00

We kick off our Innovation Series with an interview with the CEO of the Information Technology and Innovation Foundation and his pointed concern regarding the substantial decline in the US's standing in innovation, how it will impact the global competitive position of the US, and the issues involved competing with mercantilistic economic systems (e.g. China).

The length of the interview is 16 minutes 05 seconds.

To listen to this interview, click here

Philip J. Orlando, CFA

2010-04-21T09:03:00.009-04:00

My third interview with Federated Investors' Senior Vice President, Chief Equity Market Strategist, Senior Portfolio Manager includes a constructive view for a sustainable cyclical economic recovery based on a successful handoff from government spending to private sector growth, pent up US consumer demand, benign inflation (for now), and solid global growth in manufacturing. The longer-term, more secular issues related to the explosive growth in government debt and what is the right balance for regulatory reform are also discussed.

The length of the interview is 16 minutes 34 seconds.

To listen to this interview, click here

Note: Phil is actively involved with FECA, the Foundation for Educating Children with Autism

Phil Roth, CMT

2010-04-16T08:26:00.011-04:00

Is the bull done? "Not yet", says the Wall Street veteran and Chief Market Technical Analyst with Miller + Tabak. However, a period of an extended correction/consolidation (e.g. the late 1970s) is a good probability as is the risk of seemingly out-of-the-blue, sudden declines (e.g. January 19 to February 8 of this year). Making his fifth BTSB appearance, Phil also shares his views re the continuing absence of traditional investors in the current bull market, the recently elevated levels of investor optimism, and the importance of 4.25% in the 10 year US Treasury rate.

The length of the interview is 14 minutes 22 seconds.

To listen to this interview, click here

Sam Stovall

2010-04-14T12:15:00.009-04:00

Earnings season gets underway, companies don't disappoint, and stocks respond in kind. What does it mean?

Making his fourth BTSB appearance, the Chief Investment Strategist with Standard and Poors equity research group applies the historical to the present putting the good economic and market news in context.

The length of the interview is 15 minutes 03 seconds.

To listen to this interview, click here

Komal Sri-Kumar, Ph.D.

2010-04-09T10:10:00.012-04:00

If you're looking for a truly out-of-consensus view re the economy and markets, my interview with the Chief Global Strategist and Chairman–Comprehensive Asset Allocation Committee for TCW will not disappoint. The economic risks of a double dip (courtesy the slingshot effect), the uncertainty re the economic handoff (from government spending to sustainable private sector growth), and a stagflation (you read that correctly!) resistant portfolio mix are among the many interesting and challenging views expressed by my guest.

The length of the interview is 17 minutes 08 seconds.

To listen to this interview, click here

Joseph Battipaglia

2010-04-07T08:20:00.008-04:00

My annual conversation with the Market Strategist/Private Client Group for Stifel Nicholas and Chief Investment Officer with Washington Crossing Advisors includes the prospects of an economic handoff to the private sector and a sustainable recovery, the risks of yet another jobless recovery, and the consequences of high corporate profitability and excess cash.

The length of the interview is 15 minutes 58 seconds.

To listen to this interview, click here

David Wanetick

2010-04-05T13:24:00.003-04:00

With earnings season just around the corner, my conversation with the managing director of IncreMental Advantage provides an excellent introduction to understanding how to value intangible assets (e.g. patents), valuing emerging technologies, and identifying the most applicable methodologies to intangible asset valuations.

The length of the interview is 12 minutes 04 seconds.

To listen to this interview, click here

Jason Zweig

2010-03-31T11:00:00.017-04:00

Before earnings season consumes most of your attention, my interview with the well-regarded columnist for the Wall Street Journal and author of "Your Money and Your Brain: How the Science of Neuroeconomics Can Help Make You Rich" includes the emerging investment field of neuroeconomics and behavioral finance, attributes of good investors, and what constitutes a good investment attitude.

Investors seeking to take a step back and reflect on the investment decision-making process and understand why we do what we do will find this interview a most rewarding experience.

The length of the interview is 17 minutes 50 seconds.

To listen to this interview, click here

Lawrence G. McDonald

2010-03-26T10:10:00.028-04:00

In a most thought provoking interview with the Managing Director of Pangea Capital Management and author of "A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers", we began by discussing the recently issued report on Lehman Bros. and Repo 105. We then moved on to key elements in his book including several truly inside experiences such as the brass knuckles tactics of senior management and how "they silenced their best talent when they needed them most". We also discussed Larry's views on how big banks today are "too big to succeed" and the risk exposure to the US economy (62% of GDP) that the top 6 banks represent.

The length of the interview is 18 minutes 22 seconds.

To listen to this interview, click here

Dr. George Friedman

2010-03-24T08:23:00.016-04:00

In my interview with the founder and CEO of STRATFOR and author of "The Next 100 Years: A Forecast for the 21st Century" we explore the provocative views that are a hallmark of Dr. Friedman's work. Challenging the status quo of conventional thinking, this interview will stretch your intellectual horizons as Dr. Friedman describes the consequences of the coming global population bust, the disruptive role technology will play, the geopolitical fault lines that lie ahead, the philosophy that is American pragmatism and its conflict with European metaphysics, and the current rift between the US and Israel.

The length of the interview is 14 minutes 49 seconds.

To listen to this interview, click here

Lord Robert Skidelsky

2010-03-19T08:25:00.009-04:00

My interview with Lord Robert Skidelky, author "Keynes: The Return of the Master", begins the rare and valuable perspective on a vital issue that few investors take the time to stop and consider: what economic philosophy will emerge as the dominant approach to managing capitalistic economies?

In light of the shattering of what has been known as American-style capitalism (what some have labeled "cowboy capitalism"), having a clear understanding of which economic philosophy will dominate in the years ahead is essential to all investors. (This point will become more clear re China and "state capitalism" when my interview with Dr. Ian Bremmer is posted in early May.)

For those investors interested in truly going beyond the sound bite of economic matters, the 15 minutes 32 seconds spent listening to this interview will be time very well spent.

To listen to this interview, click here

Marisa DiNatale

2010-03-17T13:25:00.001-04:00

My interview with the Director and Economist with Moody's Economy.com includes a +2.8% full year real GDP forecast (skewed more toward the second half of the year due in part to the compositional factors of the stimulus and a diminution of the inventory rebuilding cycle in the 1H10), the dynamics of growing economy in a weak jobs market, and the state of the (US) states.

The length of the interview is 14 minutes 35 seconds.

To listen to this interview, click here

Vinny on foxbusiness.com

2010-03-17T08:35:00.010-04:00

The length of the interview is 7 minutes 21 seconds.

Note: If the video doesn't play immediately try the following - reload the page, restart your browser, or use a different browser.

Also, Vinny on BNN TV is available here.

Tom McManus

2010-03-12T10:53:00.012-05:00

My interview with the well known and highly respected investment strategist includes the secular trends for the economic "new normal", US consumer and employment outlook, corporate profitability, and P/E levels for the equity markets.

The length of the interview is 12 minutes 50 seconds.

To listen to this interview, click here
If interested in reaching Tom, click here

Adam Parker

2010-03-05T08:23:00.017-05:00

In my interview with the Chief Investment Strategist for Sanford C. Bernstein, Mr. Parker describes how the second half of the year is likely to result in a modestly below consensus view for 2010 operating earnings for the S&P 500, why a 13 to 15 P/E is more appropriate for the current market climate, some of the issues involved with the Fed's exit strategy and the economic handoff from government stimulus to sustainable private sector growth, and the prospects for a strong capex spending cycle and technology.

The length of the interview is 14 minutes 48 seconds.

To listen to this interview, click here

Christian Menegatti

2010-03-03T08:24:00.004-05:00

In my interview with Nouriel Roubini's Head of Global Economic Research Mr. Menegatti expressed a cautiously optimistic outlook for the US economy with few signs of a double dip, a stagnant Eurozone outlook, limited concern re contagion from the Greek tragedy, key risks to global trade, and why Gold appears to be in a win/win situation.

The length of the interview is 18 minutes 01 second.

To listen to this interview, click here

Michael Greenberger

2010-02-24T06:45:00.008-05:00

Can meaningful regulatory reform occur in this highly political year? Is the Obama administration on the right side of the credit derivatives argument? What is the future of financial innovation? If gaining a deeper understanding of the key issues related to financial innovation and regulatory reform is of interest*, then my second conversation with the former Director, Division of Trading and Markets, Commodity Futures Trading Commission will fit that bill.

The length of the interview is 18 minutes 28 seconds.

To listen to this interview, click here

*Including the 1990's battles between Alan Greenspan, Robert Rubin, Larry Summers versus CFTC chairperson Brooksley Born re regulating OTC derivatives (Greenberger was a top aide to Born). The dust up was the central feature of the excellent Frontline segment, "The Warning".

Note: To learn more about Professor Greenberger's work click here

Dan Clifton

2010-02-17T00:14:00.003-05:00

My interview with the Head of Policy Research for Strategas Research Partners includes an assessment of the likely electoral bloodbath in store for the Democrats this November, the state of the US states, the increasing sovereign debt crisis, and an economic policy of "kick the can down the road".

To listen to this interview, click here

Dr. Andrew Lo

2010-02-10T09:54:00.001-05:00

Leveraging off my first interview with the Director of MIT's Laboratory for Financial Engineering and co-author of "The Heretics of Finance: Conversations with Leading Practitioners of Technical Analysis", Dr. Lo describes the progress in his Adaptive Markets Hypothesis (AMH), the difference between AMH and game theory, the prospects of an evolution to CAPM, and some very useful resources in better understanding decision-making.

To listen to this interview, click here

Gregory Zuckerman

2010-02-03T22:33:00.001-05:00

I had the pleasure of conducting a most fascinating interview with the senior writer at the Wall Street Journal and author of "The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History", a book that goes well beyond its title or, as Mohammed El-Erian put it, "Greg Zuckerman's book is much, much more than a brilliant account of Paulson's trade of the century; it also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. The book is compulsory reading for those looking for exceptional insights on the complex forces that interconnect Wall Street, hedge funds and Main Street."

For those investors seeking to gain a better insight into how the Wall Street of today really works, this interview will help accomplish that goal.

The length of the interview is 14 minutes 37 seconds.

To listen to this interview, click here

Richard Bernstein

2010-01-27T03:58:00.003-05:00

My interview with the former chief investment strategist with Merrill Lynch, who has gone and set up shop at Richard Bernstein Capital Management, includes a "wildly bullish" view for 2010. Need I say more?

To listen to this interview, click here

Justin Fox

2010-01-13T18:34:00.012-05:00

The economic and business columnist for Time and popular blogger's recent book, "The Myth of the Rational Market", is the focus of this week's interview. Areas such behavioral finance and how investors might consider ways to navigate an investment world turned upside down now that key principles such as the efficient markets hypothesis and CAPM are under siege is explored and discussed.

The length of the interview is 16 minutes 14 seconds.

Kent Moors

2010-01-13T07:49:00.016-05:00

“If you think the run up to July 2008 was a wild ride, you haven’t seen anything yet.” So said this week's guest referring to the energy price run to record highs in 2008. In my interview with the professor of political science from Duquesne University and internationally recognized expert In global risk management, oil and natural gas policy and finance, cross-border capital flows, we explored his comprehensive approach to energy analysis and why he believes energy prices are in for an even more dynamically volatile period ahead.

Dr. Moors is also president of ASIDA (an international consulting firm specializing in former Soviet, Caspian, and other developing markets) as well as Executive Managing Partner of Risk Management Associates, International, a full service global management consulting and executive training firm.

To listen to the 13 minutes 12 second interview, click here

Tim Hayes, CMT

2010-01-06T09:38:00.009-05:00

We get the year started with yet another most informative and insightful interview (my third) with the Chief Investment Strategist for Ned Davis Research as we discussed his year ahead outlook, one that includes an up first quarter followed by a likely mid year major correction culminating in a year end rally. Such a scenario will require a much more actively adept investor seeking to generate alpha. We also explored the context within which the current market falls: the cyclical bull within a secular bear market.

The length of the interview is 14 minutes 50 seconds.

Thomas Krasner, CFA

2009-12-16T07:26:00.006-05:00

My interview with the Principal and Portfolio Manager at Concise Capital Management introduces listeners to a unique fundamental analysis approach to high yield bonds. By focusing on short maturities, Mr. Krasner and his associates minimize the interest rate risk dynamic while capturing high income streams. Tom also provides his perspective on the current default rate cycle in the high yield bond area.

To listen to the 13 minutes 42 second interview, click here

Vinny on thestreet.com TV

2009-12-11T08:41:00.014-05:00

Marc Chandler

2009-12-09T11:00:00.003-05:00

In my comprehensive conversation with the Senior Vice President, Global Head of Currency Strategy at Brown Brothers Harriman, and author of "Making Sense of the Dollar", we explored the short (cyclical) and long term (secular) view of the world's most important currency - the US dollar, the risks of a liquidity bubble, the Fed's exit strategy, and the direction of short and long term interest rates.

To listen to this interview, click here

Richard C. Kang

2009-12-02T10:32:00.011-05:00

My conversation with the Chief Investment Officer & Director of Research for Emerging Global Advisors, an investment advisor to various exchange traded funds, includes a description of the company and its work in creating and managing emerging markets exchange traded funds, the case for emerging markets sector ETFs, and an economic and investment perspective on the emerging markets.

The length of the interview is 14 minutes 31 seconds.

Vinny on foxbusiness.com

2009-11-20T20:17:00.003-05:00

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Michael J. Mauboussin

2009-11-04T06:59:00.004-05:00

"In my latest interview with the Chief Investment Strategist for Legg Mason Capital Management, we discussed a bottom-up view of the markets, the sustainability of the US economic recovery, and key segments of his new book: "Think Twice: Harnessing the Power of Counterintuition", including concepts such as decision making danger zones.

The length of the interview is 14 minutes 10 seconds.