Charlie Rose

wangmaoqiao7  06/10/2012 08:21 AM Report

It is right that short term goals tend to overrule the world, be ordinary people, be investors, at this uncertain time, we need to calm down and think objectively!!!

www.xuecl.com

galise  06/06/2012 07:18 AM Report

It would of have been nice if Charlie asked where should people be putting their money for retirement considering the low current returns from Government bonds.

Max83  06/03/2012 06:03 PM Report

Astrologically we are in and are going through a very powerful phase at the moment. The following video will give you some insight into where our monetary and your value system is heading.

June 4th 2012 eclipse The Truth

The eclipses involving Sun, Moon and Venus will help you in discovering your true value. Watch the Venus ruled energies of money, ease, beauty and sensuality.

Here the video link:

http://www.youtube.com/watch?v=fQyK_mf8lWc&feature=plcp

john_q_public  06/03/2012 12:36 PM Report

Fink may be a little bit correct about future financial problems for 35 year olds, but he comes off as a fear mongering schmuck who is trying to drive more people to use his company. I do not trust him at all.

The stock market has not moved in ten years and may not move for the next ten. Even his company is not going to save us.

ShalomFreedman  06/03/2012 05:07 AM Report

Charlier Rose is right about wishing to hear more and more from Mr. Fink. He knows his stuff and his warnings about our living only in the short term make sense both on the private and the public level. Nonetheless Charlie Rose did not ask Mr. Fink about his own company, its operations its relation to the global economy. This was perhaps the precondition for receiving the interview but it gives the viewer the sense that we have not learned about this guest in the way we should have.

anne4444  06/02/2012 04:00 PM Report

Here are some different perspectives:

The universe in its origin, do not have any separation. All things are united as one.

Our next future is likely to be in the level of sharing through our souls, sharing the thoughts without privacy, sharing the pains with shame, sharing visions without limitation and sharing the joys without reservation.

Looking back, we were all very primitive animals, either ate others or be eaten. The money system made many families homeless. It can not be justified under the law for primitive beings. Anyone shall have the right to have a place in an unoccupied territory.

Please help to move us forwards toward future instead of backwards in the past.

Someone or some entity shall step up to do research on human soul. We may all carry little greys as our souls. Hopefully we will find out the answer…WHO WE TRULY ARE

kmc  06/02/2012 12:37 PM Report

Excellent interview

Hopefully Larry Funk and others will be more forthcoming in discussing these issues we face - and highlight potential way’s forward.

We have to move from the current political point scoring to addressing the hard choices we face – or the market will force upon us less palatable options

Max83  06/02/2012 12:22 PM Report

Very interesting conversation between Allan Metzler and Peter Schiff at The Atlantic Economy Summit (3/14/2012).

Allan Meltzer was the long-time chair of the Shadow Open Market Committee & member of the Council of Economic Advisers under Kennedy and Reagan.

Here the video link:

http://www.youtube.com/watch?v=ATxXHy0PucI

EPatrickMosman  06/02/2012 10:57 AM Report

When Mr.Fink came out as an Obama supporter the following

refrain crossed my mind "The King is a Fink- The Lone Haranguer" from The Little King. Unless Mr. Fink is a closet socialist there is no rational reason for the head of capitalist enterprise to side with the leading anti-capitalist outside the OWS cabal.

So Mr.Fink's future for Americans is for the Asians to stop saving and start spending like the reckless Americans did in the 1960s to 2007 while Americans are being told you must stop spending and save for your retirement as the government may not or will not be able to provide for you.

What is BlackRock doing to create jobs in America?

vongleichent  06/02/2012 06:10 AM Report

As soonest the infrastructure is build for natural gas North American independence can be accomplished. It sure would make a lot of people happy. Education is really key to becoming financially independent.

SharkswithfrikingLazers  06/02/2012 02:54 AM Report

We are told the housing market is almost fixed. About a year away from creating jobs in housing. 2014 housing is going to be on the upswing.

I am trying to "cross check and verify" but this claim seems a bit out there.

"nearly one-third of homeowners with mortgages are underwater":

http://www.zillow.com/blog/2012-05-25/home-values-rise-again-in-april/

The U.S. Housing Crisis: Where are home loans underwater?

http://www.zillow.com/visuals/negative-equity/

SharkswithfrikingLazers  06/02/2012 02:46 AM Report

Well Charlie at least he didn't tell us to buy gold like the goof balls over at Fox.

The Life Tables:

http://www.ssa.gov/oact/NOTES/as120/LifeTables_Body.html

Figure 2b shows life expectancy at age 65, by sex and calendar year, based on period life tables. Life expectancy at age 65 for males increased from 11.3 years in 1900 to 15.7 years in 2001, while for females the increase was from 12.0 years to 18.9 years.

So if he thinks we are going to make it to 90 once we hit 65 then he should put his money where his mouth is and offer cheap term life insurance without the family history, blood work, physical exam, etc.

ABENEZRA  06/01/2012 08:23 PM Report

MONEY TALKS IT'S OWN LANGUAGE AND AS A MEASURE TELLS A STORY

That story may not be what we want to hear, but, hearing it, we may yet have opportunity to reconsider both the values represented by money and the government and investors behind that money. The two salient issues to emerge from this conversation may be the imminent history of Greece and the imminent history of hydrofracking.

Chairman Fink of BlackRock predicts that Greece will soon be separated out from the European Union and will necessarily reestablish it's own currency (will it be called the Drachma or will it have a new and improved name?). Chairman Fink also speaks of hydrofracking not merely as inevitable, but, as if politically it is already a done deal.

So, are these scenarios inevitable? Are they for the good? What do they mean? Can we do better?

If the EU cuts Greece loose, then to whom will Greece appeal for financial and political communion? Turkey? The USA? Iran? China? Russia? Greece is a potential cannon that must needs be tethered to the Free World. If ever was a time to remind the EU that to this day Europe is beneficiary to the Marshall Plan and the NATO security umbrella, now is the time. Europe has an obligation to Greece that ought not be defined by financial extortion, however that extortion (in the guise of austerity) may be made to look in the annals of fiscal responsibility.

Hydrofracking is a national nightmare in progress from which we should awaken. It is intoxicating that Man has the ability to accomplish such awesome engineering. Is it worth it? Almost overnight we may destroy the entire fresh-water-table of North America. Almost overnight we may transform the remaining lush forest, farm, and tremendous water resources with which North America is yet blessed into a New Death Valley. The demagogic argument pressing for such development of hydrofracking is that it is essential to the establishment of American energy independence. Not only is this demagoguery, it is factually incorrect, and is a cynical ploy to take advantage of the "circle the wagons" mentality of isolationism in order to push through this major program of the energy industry by which huge short term monetary gains would create far huger long term environmental destruction. There are energy alternatives such as wind and nuclear and even solar and ocean that are superior and safer. And we have every reason to encourage continued economic relations with Mexico, South America, Africa, Arabia, and Persia, where oil is abundant, keeping in mind that we still have our own active oil and gas resources.

We need to engage the world, not cut ourselves off from the world. And we need to engage Greece, not use Greece as a whipping boy and scapegoat.

LordGodReagan  06/01/2012 01:08 PM Report

Fink is a prime example of an out of touch, super rich, corporate elite oligarch.

He made a statement to the effect that Germany just went through an 'austerity' episode and are now reaping the benefits of it.

The reality is Germany invested national treasure rebuilding the eastern half of it's nation. That is the same sort of stimulus spending they shun here in favor of cutting social entitlement programs and the government jobs that administer them.

Austerity only decreases economic demand in an already depressed economy. It has not worked in any country when implemented.

Albert Einstein is credited with saying "You can not solve a problem with the same thinking that caused it."

REMant  06/01/2012 11:38 AM Report

I'm afraid the only candidate who really can provide the leadership required to encourage investment is, however, Ron Paul. Mitt Romney is another Bush, and Obama may as well be.

But you'll never hear a Wall St type nowadays arguing for less printed money, or less spending. That's the big change from the 1930's. The only demand it can create is the demand for mansions and yachts. The real reason there's no demand is because that money was not earned by anyone. It would not matter if it were simply given to them to be spent, because the rise in prices would negate its effect. Keynesians think otherwise, but in actuality their economics just creates a situation where people live off inflation, benefiting those with assets more than others, like Mr Fink, himself. It is a Ponzi scheme. We need real investment, and it has to come from productive activity, which will, in turn generate real demand. Money is only money when it reflects productivity. The Germans have never forgotten this lesson. It appears we have yet to learn it.

I concluded his appearance here was orchestrated by the DNC, but it turns out he gave this spiel at the CFR two months ago. Like Keynes, he equates saving with hoarding. But what he means by investing is putting money into institutions like his to drive up prices. Like many financial advisors, his argument is that without the inflation reflected in rising financial markets people will never be able to retire. But if they don't work and save first, they certainly won't, because inflation and the inevitable crash will outstrip any gains. How well have stocks performed in the past decade or so? Of course, it may be, as I suspect is true of a lot of folk, that he really believes higher stock prices indicate greater wealth.

If my BlackRock portfolio wasn't in municipal bonds, I think I'd sell.

And, innovative or not, those designed to extract American natural gas and Canadian oil are two of the most environmentally destructive technologies imaginable.