Stanley Druckenmiller, Duquesne Capital Founder, explains what the Fed is doing wrong, the state of the economy and the number-one threat to young people’s financial futures. “The biggest unintended consequence of the Fed right now is Congress is not getting the market signal,” says Druckenmiller. He is joined by Geoffrey Canada, Harlem Children’s Zone CEO.
Archive for the ‘Video’ Category
Julian Robertson, founder and chief executive officer of Tiger Management LLC, talks about the hedge fund industry, investment strategy and the outlook for the U.S. presidential election. Robertson, speaking with Tom Keene and Sara Eisen on Bloomberg TV’s “Surveillence” program, also talks about John Paulson’s $100 million donation to New York’s Central Park Conservancy.
Agecroft Partners founder Don Steinbrugge talks about hedge funds and his investment strategy on Bloomberg TV’s “Money Moves” program.
Michael Novogratz, principal and director of Fortress Investment Group LLC, talks with Bloomberg Television’s “Market Makers” program about the European debt crisis, investment strategy and financial regulation.
CNBC hedge fund specialist Maneet Ahuja talks with the Squawk Box crew about her new book, “The Alpha Masters,” in which she goes behind the scenes with some of the hedge fund industry’s most prominent names.
David Rich, founder and chief investment officer at Amida Partners, talks about investment strategy for debt and his preference for convertible bonds of Priceline.com and Newmont Mining Corp. Rich speaks with Deirdre Bolton on Bloomberg Television’s “Money Moves.”
Felix Salmon, finance blogger at Reuters, and Matt Taibbi, contributing editor at Rolling Stone, analyze developments relating to JPMorgan’s $2 billion trading loss with “Viewpoint” host Eliot Spitzer. Taibbi and Salmon agree JPMorgan’s risk-taking has broad implications.
“They get all of these deposits in, they’re a utility bank and it is their job and their duty in return for that implicit government backstop to take those deposits and lend them out into the economy and what do they do instead? They take the $360 billion and put it in a hedge fund in London,” Salmon says.
Third Point begins process of obtaining records relating to Yahoo CEO Scott Thompson’s hiring, reports CNBC’s Kate Kelly.
“Third Point is asking, or demanding, rather, that books and records relating to his hiring and any background checks that took place around that hiring are conducted and produced for them within a matter of days,” Kelly says.
John Thomas, author of Diary of a Mad Hedge Fund Trader, discusses his favorite emerging market, and explains why he thinks its stock market will be a star in the coming years.
“Of all the emerging markets out there, India is probably the No. 1 hedge fund favorite,” Thomas tells MoneyShow.com’s Nancy Zambell. “China has spent three decades building up this massive infrastructure, so they’re pretty much done. India hasn’t even started yet.”
Janet Tavakoli, president of Tavakoli Structured Finance Inc., spoke with Lauren Lyster on her “Capital Account” program about too-big-to-fail banks, the financial oligarchy and how MF Global fits into the web of derivatives-inspired meth lab of shadow liquidity and off-balance sheet risk.
MF Global “sort of epitomizes a lot of the issues that occurred that led to our financial crisis,” Tavakoli says. “The fact that this can happen after the financial crisis, after Dodd-Frank, after Sarbanes-Oxley, just shows you how lax and hypocritical we’re being in the United States about financial regulation â€¦ and the world is watching.”
Tavakoli is the author of several books, including the recently published The New Robber Barons: How Bankers Created an International Oligarchy.