Charlie Rose

vongleichent  02/27/2012 01:13 PM Report

This really makes me want to go, and buy his book.

raed  05/18/2011 02:09 PM Report

I think foreign investors are going to be disappointed by BRICs growth sooner or later. Emerging market bubble could be real.( 15% probability within next five year 35% probability of slow landing where stock market could fall by 25 to 35 % within next 3 years)

slightly_optimistic  04/17/2011 11:08 AM Report

Last week the G20 told the IMF to identify what are the impediments to political stability in the world economy. Armed with the findings the G20 then proposes to ensure that its members pursue the full range of policies required for sustainability.

But will governments volunteer to alter policies that continue make them rich?

Unlikely. Repeatedly quizzed by Charlie Rose on whether political intervention could work, Jim O'Neil suggested there is no alternative ultimately to an unfettered global market: 'It's tough for politicians. Because of the short time period of the election cycle and the power of the media it is so easy for them to go for the simple populist soundbites.'

The Goldman Sach's view of international political impotence currently is echoed in 'The Telegraph': "Faced with such vast challenges, and the dangers they pose for the future prosperity and security of the human race, the G20 came up with no specifics. The communiqué managed only vague promises. . . The G20 is clearly failing as an effective decision-making body. Its member states disagree entirely about the reasons behind recent global financial instability, so have no shared analysis of what to do. . ." http://www.telegraph.co.uk/finance/comment/liamhalligan/8455956/The-BRIC-countries-Hainan-summit-coul d-make-the-G20-redundant.html

robdverity  04/15/2011 05:40 PM Report

Guilt by assn. Off with his head has a satisfying ring.

cassure1974  04/14/2011 01:18 PM Report

Claim by Jim O'Neil:

"I'm from a place called Manchester. People thought North of England could never change. Not true. We have a very flexible labor force. … Unfortunately needs to be done. Center of Liverpool : Different place! And that's what you have to do..."

Typical easy to digest propaganda for naive investors (put that into today's news perspective).

Statistical facts:

UK average GDP/capita = 100

North West (includes Manchester, Hometown of Jim O'Neil)

1981 1989 1999 Variation

94.3 91.3 86.9 -7.4

Much of England's change in the 70's/80s transition has to do with the oil shock (1974 exactly, after which my blog is named : cassure1974.blogspot.com). Inflation on the one hand. North Sea Oil revenues on the other.

Ricardo_Amaral  04/14/2011 12:55 PM Report

Here you can find the web link to most lectures of the 2011 Bretton Woods Conference:

Bretton Woods Conference of April 2011

http://www.elitetrader.com/vb/showthread.php?s=&threadid=218613

.

blank  04/14/2011 01:44 AM Report

http://www.bbc.co.uk/news/world-us-canada-13072518

http://www.nytimes.com/2011/04/17/magazine/mag-17Sugar-t.html

doodah  04/13/2011 09:47 PM Report

A man about Goldman Suks, aye?. Seems like a jolly good fellow. Well, who wouldn't be a jolly good fellow?, if one was fortunate enough to be a man about, Goldman Suks. The world is his oyster; with a private jet, always ready, available clams at the Chinese whorehouses. Madam Dragonfly awaits.

JohnGelles  04/13/2011 06:21 PM Report

Sorry for the typos. I send too fast. I'm so used to Amazon software that allows infinite editing, I keep on sending typos you have to correct in your head or give me my walking papers.

Anyway Jim O'Neill is no champion of reform to arrive at functional finance. I am. Obama is in the middle. On his right are idiots far more useless than Goldman Sachs. On his left are anti-business fools that are even worse. His only friend is Bernanke who has studied money. It is the magic elixir that gets us to work. Once you go to work and you are Henry Kaiser you will finish our greatest dam and build ships in hours not months. And the initial debt and future price for your products are tools not strait jackets.

JohnGelles  04/13/2011 06:08 PM Report

Jim O'Neill and Goldman Sachs make their living following the rules of low cost of production does the work and the consumers destined to buy cheap will soon be out of work.

There is no sense to such a rule. The cost of production can be established to accomplish production and consumption in the national interest.

Is this industrial policy on the load to serfdom or fascism? Not on your life.

We need to engineer for future effects not past costs. The custom of unmanaged trade is nonsense and harmful to human life.

Before the Information Revolution we needed rooms full of talented arithmeticians to calculate costs and other tables that computers do today. One talented team programmer and systems engineer can arrange for production and consumption in the interest of all concerned. We cannot follow rigid rule that do not work. Things work when the results we achieve are what we want and tend to be intelligently followed by authorities and businesses and their workers.

Scientific business management for political goals failed in the 20th Century. They failed more on account of red fascism than on account of their supposed good intention.

America can regain its leadership in business and business education only if it moves away from proven losers like pauperizing workers and the middle class.

Up with liquidity to correct unfavorable results. There is nothing sacred about debt that money and production cannot put right.

Debtors prison is more. Debtors' debts can be ultimately paid in products creditors intended buy. If that product is poison for the nation, laws can take it off the list of things creditors are allowed to buy.

Warren Buffet said some creditors want to buy your capital assets after exports have made you poor. He suggested import certificates. It is time to let the law impose them on our system -- before we lose our edge in manufacturing and useful thinking.

JohnGelles  04/13/2011 04:04 PM Report

Jim O'Neill and Goldman Sachs speak for investors seeking uncertain profits as is the custom for casino capitalism. They are not villains IMO. But they are not the future I want for the human race.

I want global planning, similar to what corporations do, but by nations seeking to avoid war and economic ruin. My types look to money management to prevent loses in liquidity in order to use the love of money to motivate full production all the time -- with no economic pressure to escape the golden rule or escape rational conservative risk avoidance relative to environmental imperatives.

Charlie Rose keeps asking, WHAT'S NEXT?

I ask instead, WHAT'S BEST?

There is no ready answer to either question. But NEXT is certainly unknown. BEST is always a matter of opinion -- but by its very nature, opinion can be known -- even when its most often certainly wrong.

REMant  04/13/2011 11:14 AM Report

If there's one lesson we ought to have learned from 2008 is that a market or division of labor which increases beyond the natural scope of its finance is artificial. That Brazil and some others haven't been as affected is, I'm sure, due to their minimal dependence on us, and/or their involvement with commodities. Real estate and other asset bubbles are caused by easy credit and always have been. Nothing mysterious about them. China unfortunately has this problem, just as Japan in the '90s, not because of too much saving. The main problem China has isn't the state, but, surprisingly, that it dotes too much on the US. A century ago US foreign policy was greatly concerned with exporting to China (Open Door policy and all that). Since then we have been more interested in investing in places like it and buying their products, and, disastrously, they have been willing to underwrite this process even when it is clearly one-sided.

BTW, between two, among three or more, according to Fowler.