Thursday, February 05, 2009
TigerHawk TV: The financial crisis in a nutshell
I've put together a short talk of the origins of the financial crisis for my day job, and thought it might make a good subject for an edition of TigerHawk TV. It is necessarily superficial and mostly touches on subjects that we have written about on this blog, but perhaps you will find it interesting. The production values are, as usual, terrible -- I only just noticed that my hotel room is not as neat as it could be -- but the content makes up for it!
7 Comments:
By 
, at
Thu Feb 05, 06:33:00 PM:
Excellent summary Tigerhawk, thanks for sharing.
Particularly liked your focus on leverage and that memory is really the only thing that stops these bubbles from forming. It is certainly true in my case; it was only from my nightmare memories of margin calls on Webvan stock during the dot com boom/bust that kept me skeptical of the leveraged buyout binge in late 2006 and my retirement nestegg mostly intact over the past 18 months.
I’m older, hopefully wiser, but I am sure that the market still has lessons for me to learn…..
By , at
Thu Feb 05, 10:10:00 PM:
I'm down 2% for 2008, and wishing I was a more sophisticated investor. Specifically, I wish knew where these assets are being unloaded. I'm about half in cash and have been for a year or two - I'd love to start nibbling.
By , at
Thu Feb 05, 10:22:00 PM:
By , at
Fri Feb 06, 08:44:00 AM:
lol ... if you had a pulse you could borrow ... or if you're illegal, a housepet, dead, etc.
I've added a few other daily sites to my reading list (with this one) ... Mish's blog and market-ticker (.denninger.net) ... very interesting reading.
I've also been doing quite well shorting financials, since I doubt very much that our troubles are over once this 4T enters the market. Consumers are still maxed out, since, as you have outlined ... they had access to huge leverage, and levered up ...
By 
kreiz1, at
Fri Feb 06, 09:30:00 AM:
Great summary, TH- dizzying for most of us noneconomists. It seems so logical and foreseeable- like a slow motion train wreck. Guess no one wanted to stop the party.
Henry Blodget thinks bubbles are inevitable- and also thinks it's our fault.
http://www.theatlantic.com/doc/200812/blodget-wall-street
In your opinion, could we have regulated our way around this- without styming all risk taking?
By kreiz1, at
Fri Feb 06, 09:46:00 AM:
Watched the last 30 secs of your video again- think you already answered my question... never mind.
By jack ralph, at
Mon Feb 09, 06:12:00 PM:
you live in a hotel?
don't you got council housing in the states?
