In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.
Monday, June 14, 2010
Thursday, June 10, 2010
The Balance-Sheet Recession
The CFA Institute is holding it conference in Boston. The Wall Street Journal reporter, Donna Kardos Yesalavich, speaks with Nomura Research Institute's chief economist, Richard C. Koo, who describes the current recession as a "Balance-Sheet Recession." 6/4/2010 2:39:28 PM
Sunday, June 06, 2010
Banks and Risk
The Economist walks through how financial institutions misread the risks they were taking, and were more vulnerable than they imagined in this video.
Stephen Roach: Unconscionable Policy Blunders
Stephen Roach, the chairman of Morgan Stanley Asia on the bittersweet taste of vindication and China's role in the economic crisis:
Myron Scholes on Financial Innovation and Regulation
Myron Scholes is a Nobel Laureate for his work in financial innovation, the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, and the chairman of Platinum Grove Asset Managemen. The seemingly esoteric mathematical model he and Fisher Black developed for pricing options is now checked on every trading floor and is used even by stogy accountants. The Economist interviews him on why innovation must lead, how markets should be regulated, and why taking huge risks became so comfortable going into the financial crisis.
What China Sees as Its Borders are not What its Neighbors See Them
In this video the Economist reviews the history that has led to suspicions between China and its neighbors that bedevil its boundaries to the east, south and west:
Please note that the Republic of China overthrew the last Chinese dynasty. When Mao Zedong led the Chinese Communist revolution against the Republic, he eventually conquered the mainland after Japan withdrew. Chiang Kai-Shek retreated to the island of Taiwan with his government.
Please note that the Republic of China overthrew the last Chinese dynasty. When Mao Zedong led the Chinese Communist revolution against the Republic, he eventually conquered the mainland after Japan withdrew. Chiang Kai-Shek retreated to the island of Taiwan with his government.
Asia's growing economic power.
The Economist shows graphically that Asia is regaining the economic dominance it enjoyed a millennium ago - but it still has some way to go.
The "B" in BRIC is Brazil and Henrique Meirelles is Brazil's Banker
My four favorite central bankers are Thomas Hoerner, Glenn Stevens, Mark J. Carney and Henrique Meirelles.
Henrique Meirelles is the president of Brazil's Central Bank. In this video he has tea with the Economist and says there's no room for complacency despite Brazil's impressive economic performance.
Henrique Meirelles is the president of Brazil's Central Bank. In this video he has tea with the Economist and says there's no room for complacency despite Brazil's impressive economic performance.
Saturday, June 05, 2010
Treasury Securities ar ethe Risk Free Asset...For Now
On Ft.com, James Mackintosh, investment editor, explained in a May 27 2010 video how the dollar remains the world’s reserve currency despite the enormous US budget deficit. (1m 48sec)
But we can only print dollars to pay off our debt if countries take those dollars. Can we fool all the countries all the time?
But we can only print dollars to pay off our debt if countries take those dollars. Can we fool all the countries all the time?
Apple vs. Microsoft II
Clare McKeen argues that you should hold both cool Apple and Stogy Microsoft.
Have Stocks Fallen Too Far?
On June 1st, 2010 Jennifer Hughes, senior markets correspondent for the Financial Times, asked whether the stock market sell-off overdone. Looking at the ISM’s purchasing manager’s survey and anticipating Friday non-farm payrolls data thought that a week of good news from big headline data could mark a turning point, and given the current pessimism pervading the market, the real tail risk might be a move to the upside. (2m 34sec)
Unfortunately, the BLS disappointed.
http://video.ft.com/v/89323862001/June-1-Is-the-sell-off-overdone-
Unfortunately, the BLS disappointed.
http://video.ft.com/v/89323862001/June-1-Is-the-sell-off-overdone-
Mark Hurd, CEO of Hewlett-Packard
Jun 3 2010 Mark Hurd, CEO of Hewlett-Packard, speaks to Richard Waters, FT West Coast editor, about acquiring Palm, moving into the smartphone market, vertical integration and the impact of the Foxconn suicides. (11m 24sec)
They discuss business models, vertical integration, and product innovation.
They discuss business models, vertical integration, and product innovation.