Yale economists discuss the financial crisis

Yale hosted a panel discussion with Yale Faculty on the National Financial Crisis, to discuss developments since the February 25, 2009 panel discussion. Panelists included John Geanakoplos (James Tobin Professor of Economics) and Robert Shiller (Arthur M. Okun Professor of Economics). The discussion was moderated by Yale University President Richard Levin (Frederick William Beinecke Professor of Economics).

This talk is a ‘must see’ in terms of viewing, Robert Schiller is not only a professor of economics but also the author of several popular books (the subprime solution and irrational exuberance) and the namesake to one part of the world known Case-Schiller index.

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Nouriel Roubini, Bill Gross & Warren Buffett.

Nouriel Roubini talks to TechTicker and also comments on some of the things Bill Gross of Pimco has been saying about the economic crisis.

In the second video Roubini talks about how long he believes the recession will last, he is now saying it will be a 36 month ‘U-shaped’ recession. His bearish views are getting gloomier by the day, however, it is important to remember that he has been on the money in his forecasts so far.

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Nouriel Roubini, Bill Gross & Warren Buffett.

Nouriel Roubini talks to TechTicker and also comments on some of the things Bill Gross of Pimco has been saying about the economic crisis.

In the second video Roubini talks about how long he believes the recession will last, he is now saying it will be a 36 month ‘U-shaped’ recession. His bearish views are getting gloomier by the day, however, it is important to remember that he has been on the money in his forecasts so far.

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Charlie Rose with Nouriel Roubini, Mark Zandi, Fred Mishkin and Nina Easton

An interesting talk on the Charlie Rose show with Nouriel Roubini, Mark Zandi, Fred Mishkin and Nina Easton.

At just after 6 minutes Nina Easton makes an interesting point: No fiscal policy ever changed an economy, would this be going on the record saying Keynesian economics were not the cause of the end of the Great Depression? The other economists present didn’t disagree.

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Jim Rogers, David Frost interview

Jim Rogers talks to Sir David Frost about the role of Government and Central Banks in the current crisis, he believes that the ethos of ‘not letting anybody fail’ actually magnifies problems because doing this means the bubble continues to inflate far beyond the size it would have done otherwise.

Jim has a very simple and straightforward way of explaining things that make him ever popular, although some of the medicine he prescribes is considered quite harsh. His point about letting the market do what it must is of the libertarian strain and for all anybody knows, he may be right (right as in ‘correct’ not as in ‘wing’), if so then everything being done to counteract the crisis is the inverse of what we should be doing.

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Nouriel Roubini and Nassim Taleb on CNBC

Two world renowned commentators give their views on the economy and market. The points they are making are that the same people are in charge, the system is not fundamentally changing, and that drastic measures are required in order to solve the financial crisis.

The main points made are that cash is king, the bottom has not fully been reached, and that we need to change the way the economy is driven, we need to get back to real physical capital rather than unproductive activities such as housing and finance.

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