Pierre Article

As the financial markets await the bank stress test results in the US,
a potpourri of video clips was produced. Although the discussions were
varied, a golden thread prevailed: the duration of the financial crisis
and the economic recession, and whether stock markets have hit bottom.
Needless to say, the plight of the beleaguered automakers and fears of
an escalation in the number of swine flu cases also captured the attent
ion of battle-weary investors. However, the S&P 500 Index rallied to a
gain of 9.4% for April - representing its best monthly advance since Ma
rch 2000 - and US Treasury yields jumped to levels last seen in Novembe
r as investors “looked past the valley”.
Commentators featured on camera in this post include Simon Johnson, Mic
hael Perino, Jim Walker, Steve Forbes, Christopher Whalen, Joseph Stigl
itz, Marc Faber, Bill Ackman, Paul Kasriel, James Galbraith, Paul Volck
er, Sheila Bair, Mark Mobius, Robin Griffiths and Jim Rogers.
The selection kicks off with a recession singalong - a Walt Handelsman
animation entitled “Worst Slide Story”, and concludes with an interesti
ng visualization of President Obama’s planned budget cuts.
Walt Handelsman: Animation - recession singalong!
“The classic ‘West Side Story’ is enjoying its Broadway revival. Now co
mes the remix, ‘Worst Slide Story’.”
<a href="http://www.newsday.com/media/flash/2009-04/46217527.swf"></a>Source: Walt Handelsman, Newsday, April 13, 2009.
CNBC: How swine flu spreads in humans
“A deadly outbreak of swine flu has killed more than 100 people in Mexi
co, and infections have been reported around the world. Malik Peiris, p
rofessor at University of Hong Kong, spoke to CNBC about how the flu ca
n spread.”
<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6
E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com
/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" >
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/p
layer/id/1104457112/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getf
lashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor
="#000000" height="380" width="400" quality="best" wmode="transparent"
scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/ac
tion/player/id/1104457112/code/cnbcplayershare" type="application/x-sho
ckwave-flash" />
</object>
Source: CNBC, April 27, 2009.
Bloomberg: Jim Rogers says flu may be “disaster in weak economy
”
“Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg’s Betty
Liu and Peter Cook about the potential impact of swine flu on the globa
l economy.
Rogers, author of ‘A Gift to My Children’, also discusses the restructu

ring efforts at US automakers, ‘short’ strategy and investment opportun
ities in commodities. He speaks from Singapore.”
<a href="http://www.bloomberg.com/avp/avp.htm?N=video&T=Rogers%20Int
erview%20on%20Swine%20Flu%2C%20Automakers%2C%20Commodities%20&clipSRC=m
ms://media2.bloomberg.com/cache/vTqyvqxFTVAU.asf"><img src="http://www.
ibtimes.com/data/bigimages/6358.jpg"></a>Source: Bloomberg, April 28, 2
009.
Bill Moyers (PBS): Conversation with Simon Johnson and Michael
Perino
“Bill Moyers speaks with economist Simon Johnson and Ferdinand Pecora b
iographer and legal scholar Michael Perino. Johnson is a former chief e
conomist of the International Monetary Fund (IMF) and a professor at MI
T Sloan School of Management, and Perino is a professor of law at St. J
ohn’s University and has been an advisor to the Securities and Exchange
Commission.”
<a href="http://www.pbs.org/moyers/journal/04242009/watch.html"><img
src="http://www.investmentpostcards.com/wp-content/uploads/2009/05/1-me
i-3.jpg"></a>Source: Bill Moyers Journal, PBS, April 24, 2009.
CNBC: Financial crisis still has long way to go
“Hold on to your horses as the global financial crisis still has a long
way to go, says Jim Walker, founder & CEO at Asianomics. He tells CNBC’
s Martin Soong that we are probably in the horizontal part of a L-shape
d recession.”

ckwave-flash" />
</object>
Source: CNBC, April 29, 2009.
Fox Business: Forbes - recovery hinges on credit market
<a href="http://www.foxbusiness.com/video-search/m/22167488/forbes-c
eo-recovery-hinges-on-credit-market.htm#q=steve+forbes"><img src="http:
//www.investmentpostcards.com/wp-content/uploads/2009/05/1-mei-4.jpg">
</a>SSource: Fox Business, April 27, 2009.
CNBC: Christopher Whalen on financial fallout from stress tests

“What the stress test results will mean for financials going forward, w
ith Paul Miller, FBR Capital Markets, and Christopher Whalen, Instituti
onal Risk Analytics.”
ckwave-flash" />
</object>
Source: CNBC, April 27, 2009.
The Wall Street Journal: Can America handle the truth?
“Evan Newmark and Dennis Berman discuss whether Americans can swallow ‘
the truth’, especially in relation to the results of the bank-stress te
sts.”
<embed src="http://s.wsj.net/media/swf/main.swf" bgcolor="#FFFFFF" flas
hVars="videoGUID={60FBF6B3-CA3F-44D4-A3FB-594FA3DB8693}&playerid=1000&p
lyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoSta
rt=false” base="rtmpt://wsj.fcod.llnwd.net/a1318/o28/video" name="main"
width="512" height="363" seamlesstabbing="false" type="application/x-sh
ockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.

com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embe
d>
Source: The Wall Street Journal, April 28, 2008.
Credit Suisse: Joseph Stiglitz calls for US bank nationalizatio
n
“Leading economist and Nobel Laureate Joseph Stiglitz advocated the nat
ionalization of troubled US banks and raised concerns about the America
n government’s efforts to stimulate the economy, in the keynote economi
c session at the Credit Suisse Asian Investment Conference.
“Addressing a record crowd of delegates, Stiglitz said the current glob
al downturn had been worse than he had expected. ‘The one ray of optimi
sm in this really dark cloud is that China and India look like they’re
going to continue to grow, although somewhat slower than they have been
growing,’ he said.
“Stiglitz said the US will play a critical role in the recovery of the
world economy, and that the key issues would be consumption growth - wh
ich until now had been led by ‘unbridled borrowing - and the restructur
ing of the financial institutions. ‘(Americans were told) if you don’t
have income, don’t let it bother you, keep spending, and we lent them m
oney and they kept borrowing and the debts grew,’ he said.”
<a href="http://www.credit-suisse.com/videobroadcast/window.html?pid
=tfV_ZQDFJi_xgTtbVxbGrd83OcZuEluj&format=&title=Keynote%20Economics%20S
ession"><img src="http://www.investmentpostcards.com/wp-content/uploads
/2009/05/1-mei-5.jpg" alt="1-mei-5.jpg"></a>
Source: <a href="http://emagazine.credit-suisse.com/
app/article/index.cfm?fuseaction=OpenArticle&aoid=258211&lang=EN&WT.mc_
id=In%20Focus%20International%2021.4.2009-258279">Credit Suisse </a>, A

pril 17, 2009. 
The Wall Street Journal: Was John Thain a scapegoat?
 
“In an interview with WSJ's Susanne Craig, former Merrill Lynch Chief
Executive John Thain told her he was unfairly scapegoated for the growi
ng problems of Bank of America.”
<embed src="http://s.wsj.net/media/swf/main.swf" bgcolor="#FFFFFF" flas
hVars="videoGUID={605097FA-27C7-4272-B187-071E49508258}&playerid=1000&p
lyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoSta
rt=false” base="rtmpt://wsj.fcod.llnwd.net/a1318/o28/video" name="main"
width="512" height="363" seamlesstabbing="false" type="application/x-sh
ockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.
com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embe
d>
Source: <a href="http://online.wsj.com/video/john-th
ain-speaks-out/605097FA-27C7-4272-B187-071E49508258.html">The Wall Stre
et Journal </a>, April 27, 2009. 
CNBC: GM's third restructuring plan 
 
“General Motors CEO Fritz Henderson discusses the automaker's third res
tructuring plan since December, with CNBC's Phil Lebeau.” 

ckwave-flash" />
</object>
Source: <a href="http://www.cnbc.com/id/15840232?vid
eo=1104611447&play=1">CNBC </a>, April 27, 2009. 
Financial Times: Wilbur Ross on Detroit and
the economy 
“Wilbur Ross, chief executive and chairman of WL Ross & Co, talks
to Chrystia Freeland, FT's US managing editor, about the possible bankr
uptcy of GM, the fate of the auto suppliers and the future ownership st
ructure of GM. He also discusses the treatment of bank bondholders, the
US government's handling of the economic crisis and the prospects for r
ecovery this year.” 
<a href="http://www.ft.com/cms/8a38c684-2a26-11dc-9208-000b5df10621.
html?_i_referralObject=4761728&fromSearch=n"><img src="http://www.inves
tmentpostcards.com/wp-content/uploads/2009/05/1-mei-6.jpg" alt="1-mei-6.
jpg"></a>
Source: <a href="http://www.ft.com/cms/8a38c684-2a26
-11dc-9208-000b5df10621.html?_i_referralObject=4761728&fromSearch=n">Fi
nancial Times </a>, April 30, 2009. 
Bloomberg: Faber says GM's debt offering rig
ht way to restructuring 
“Marc Faber, publisher of the Gloom, Boom and Doom report, talks abou
t General Motors Corp's offer to exchange $27 billion of bondholder cla
ims for equity. Faber also discusses the Federal Reserve's money printi
ng efforts to fight economic crises.” 

<a href="http://www.bloomberg.com/avp/avp.htm?N=video&T=Faber%20Says%
20GM%27s%20Debt%20Offering%20Right%20Way%20to%20Restructuring%20&clipSR
C=mms://media2.bloomberg.com/cache/vdg_O3VP2Pco.asf"><img src="http://w
ww.investmentpostcards.com/wp-content/uploads/2009/05/1-mei-7.jpg" alt
="1-mei-7.jpg"></a>
Source: <a href="http://www.bloomberg.com/apps/news?
pid=newsarchive&sid=aCpWSuuKAE4o">Bloomberg </a>, April 27, 2009. 
CNBC: Global meeting of the minds 
 
“Insight on the world leaders convening in Washington over the weeken
d for the G-7 meeting, with Dominique Strauss-Khan, IMF managing direct
or, and John Sununu, former senator (R-NH).” 
ckwave-flash" />
</object>
Charlie Rose: A conversation about the econo
my 
“A conversation about the economy with Bill Ackman, major investor an
d hedge fund manager of Pershing Square Capital Management LP, Kate Kel
ly of The Wall Street Journal, Andrew Ross Sorkin of The New York Times
and Joseph Stiglitz, economist and a member of Columbia University facu
lty.” 
<embed id="VideoPlayback" src="http://video.google.com/googleplayer.swf?
docid=15497094223721000&hl=en&fs=true" style="width:400px;height:326px"
allowFullScreen="true" allowScriptAccess="always" type="application/x-s
hockwave-flash"> </embed>
Source: <a href="http://www.charlierose.com/view/int
erview/10251">Charlie Rose </a>, April 24, 2009. 
Paul Kasriel (Northern Trust): Coming out of
the downturn 
“Paul Kasriel, Northern Trust's Chief Economist, discusses the curren
t economic climate and the potential impact on market consumption durin
g any recovery.” 
<a href="http://www.northerntrust.com/pws/jsp/display2.jsp?TYPE=irLa
nding&XML=pages/ntirlanding/0802/1203547185279_375.xml&pageTimeout=600">
<img src="http://www.investmentpostcards.com/wp-content/uploads/2009/05
/1-mei-8.jpg" alt="1-mei-8.jpg"></a>
Source: Paul Kasriel, <a href="http://www.northerntr
ust.com/pws/jsp/display2.jsp?TYPE=irLanding&XML=pages/ntirlanding/0802/
1203547185279_375.xml&pageTimeout=600">Northern Trust </a>, April 30, 2
009. 
Fox Business: Galbraith - economic strings a
ttached? 
“Professor James Galbraith on his concerns about the economic turnaro
und. He makes four essential points about the expansion yet to come.”

<embed type='application/x-shockwave-flash' src='http://foxnews1.a.mms.
mavenapps.net/mms/rt/1/site/foxnews1-foxbusiness-pub01-live/current/vid
eolandingpage/fullPlayer/client/embedded/embedded.swf' id='mediumFlashE
mbedded' pluginspage='http://www.macromedia.com/go/getflashplayer' bgco
lor='#000000' allowScriptAccess='always' allowFullScreen='true' quality
='high' name='FOX Business' play='false' scale='noscale' menu='false' s
align='LT' scriptAccess='always' wmode='false' height='275' width='305'
flashvars='playerId=videolandingpage&playerTemplateId=fullPlayer&catego
ryTitle=undefined&referralObject=4760844' />
Source: <a href="http://www.foxbusiness.com/video/in
dex.html?playerId=videolandingpage&streamingFormat=FLASH&referralObject
=4760844&referralPlaylistId=1292d14d0e3afdcf0b31500afefb92724c08f046">F
ox Business </a>, April 29, 2009. 
Bloomberg: Volcker - economy leveling off, s
timulus not needed 
“Former Federal Reserve Chairman Paul Volcker talks with Judy Woodruf
f about the outlook for the US economy.” 
<object width="425" height="344"><param name="movie" value="http://www.
youtube.com/v/q6ecpRrHuGM&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature
=player_embedded&fs=1"></param><param name="allowFullScreen" value="tru
e"></param><embed src="http://www.youtube.com/v/q6ecpRrHuGM&color1=0xb1
b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="applicat
ion/x-shockwave-flash" allowfullscreen="true" width="425" height="344">
</embed></object>
Source: Bloomberg (via <a href="http://www.youtube.c
om/watch?v=q6ecpRrHuGM">YouTube </a>), April 29, 2009. 
CNBC: Bair Speaks 
“CNBC's Trish Regan talks about banks and the economy with FDIC Chair
Sheila Bair.” 
ckwave-flash" />
</object>
CBS: Shrinking necessities 
“A new study finds that Americans are downsizing their list of things
considered essential. Charles Osgood reports.” 
<embed src='http://www.cbs.com/thunder/swf30can10cbsnews/rcpHolderCbs-3
-4x3.swf' FlashVars='link=http%3A%2F%2Fwww%2Ecbsnews%2Ecom%2Fvideo%2Fwa
tch%2F%3Fid%3D4969585n&partner=news&vert=News&autoPlayVid=false&release
URL=http://release.theplatform.com/content.select?pid=c4Ba_vqEcwQty_Svq
CfBZIOtRlUr_b3B&name=cbsPlayer&allowScriptAccess=always&wmode=transpare
nt&embedded=y&scale=noscale&rv=n&salign=tl' allowFullScreen='true' widt
h='425' height='324' type='application/x-shockwave-flash' pluginspage
='http://www.macromedia.com/go/getflashplayer'></embed> <a href='ht
tp://www.cbs.com'>Watch CBS Videos Online</a>Source:

<a href="http://www.cbsnews.com/video/watch/?id=4969585n">CBS </a>, Apr
il 27, 2009. 
Barron's: Big money poll - t he long view 
“After the worst stretch for stocks in decades, America's money manag
ers say they're bullish. But do they really believe it? Based on the re
sults of our latest Big Money poll, the pros are hoping for the best, b
ut … hold on! Aren't those fresh bear tracks in the mud? 
<embed src="http://c.brightcove.com/services/viewer/federated_f8/452319
854" bgcolor="#FFFFFF" flashVars="videoId=20805722001&playerId=45231985
4&viewerSecureGatewayURL=https://console.brightcove.com/services/amfgat
eway&servicesURL=http://services.brightcove.com/services&cdnURL=http://
admin.brightcove.com&domain=embed&autoStart=false&" base="http://admin.
brightcove.com" name="flashObj" width="486" height="412" seamlesstabbin
g="false" type="application/x-shockwave-flash" swLiveConnect="true" plu
ginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Pro
d_Version=ShockwaveFlash"></embed>
Click <a href="http://online.barrons.com/article/SB1
24061344550254577.html?page=sp">here </a> for the article. 
Source: Jack Willoughby, <a href="http://online.barr
ons.com/article/SB124061344550254577.html?page=sp">Barron's </a>, April
27, 2009. 
Financial Times: Have markets hit bottom? 
“Have markets reached a bottom? How the market participants affect th
e direction of stock markets? Michael Mauboussin, an expert in the wisd
om of crowds theories, talks to John Authers about market timing and un
derstanding how different players change sentiment.” 
<a href="http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.
html?_i_referralObject=1105191660&_i_referrer=staf&fromSearch=n"><img s
rc="http://www.investmentpostcards.com/wp-content/uploads/2009/05/1-mei
-9.jpg" alt="1-mei-9.jpg"></a>
Source: <a href="http://www.ft.com/cms/bfba2c48-5588
-11dc-b971-0000779fd2ac.html?_i_referralObject=1105191660&_i_referrer=s
taf&fromSearch=n">Financial Times </a>, April 28, 2009. 
Money Control: Mark Mobius - emerging market
s on cusp of next big bull run 
<a href="http://www.in.com/active18/watchnow/watchvideo_mc.php?auton
o=395276"><img src="http://www.investmentpostcards.com/wp-content/uploa
ds/2009/05/1-mei-10.jpg" alt="1-mei-10.jpg"></a>
Click <a href="http://www.moneycontrol.com/mccode/ne
ws/article/news_article.php?autono=395276&special=mkt_topnews">here </
a> for the article. 
Source: <a href="http://www.moneycontrol.com/mccode/
news/article/news_article.php?autono=395276&special=mkt_topnews">Money
Control </a>, April 27, 2009. 
John Authers (Financial Times): Deflating th
e earnings bubble 
“The bad news is that shares are predicting a 50% fall in non-financi
al companies' earnings. The good news is that this is already priced in.
” 
rc="http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_
referralObject=1104595380&_i_referrer=staf&fromSearch=n" alt="1-mei-11.
jpg"></a>
Click <a href="http://www.ft.com/cms/s/0/eb41a4a6-33
51-11de-8f1b-00144feabdc0.html">here </a> for the article. 
Source: John Authers, <a href="http://www.ft.com/cms
/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=1104595380
&_i_referrer=staf&fromSearch=n">Financial Times </a>, April 27, 2009.

CNBC: Hugh Hendry - d ownturn still underway
 
“The recent rise in stocks and talk about green shoots in the markets
are optimistic assumptions, as the world downturn ‘still has a way to r
un', Hugh Hendry, CIO at Eclectica, told CNBC.” 
ckwave-flash" />
</object>
CNBC: Charts - Asia signals new bull market
 
“While western stock indexes struggle to rally in an overall bear mar
ket, their emerging counterparts are set to enjoy the real thing, Robin
Griffiths, technical strategist at Cazenove Capital, told CNBC.” 
ckwave-flash" />
</object>
John Authers (Financial Times): Obama's firs
t 100 days 
John Authers puts Obama's first 100 days into context, looking at equ
ity markets, volatility and overall economic sentiment.” 
rc="http://www.investmentpostcards.com/wp-content/uploads/2009/05/1-mei
-12.jpg" alt="1-mei-12.jpg" border="0"></a>
Click <a href="http://www.ft.com/cms/s/0/0ff4a2ee-34
1f-11de-9eea-00144feabdc0.html">here </a> for the article. 
Source: John Authers, <a href="http://www.ft.com/cms
/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=1106089336
&_i_referrer=staf&fromSearch=n">Financial Times </a>, April 28, 2009.

YouTube: Obama budget cuts visualization </s
trong> 
“How much is the $100 million dollars in budget cuts compared to the fe
deral budget as a whole? This video imagines the budget as $100 in penn
ies to provide the answer.” 
<object width="425" height="344"><param name="movie" value="http://www.
youtube.com/v/cWt8hTayupE&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature
=player_embedded&fs=1"></param><param name="allowFullScreen" value="tru
e"></param><embed src="http://www.youtube.com/v/cWt8hTayupE&color1=0xb1
b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="applicat
ion/x-shockwave-flash" allowfullscreen="true" width="425" height="344">
</embed></object>
Source: <a href="http://www.youtube.com/watch?v=cWt8
hTayupE">YouTube </a>, April 24, 2009.

Pierre Article

Diunggah oleh

Informasi Dokumen

Deskripsi Asli:

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

Pierre Article

Diunggah oleh

Hak Cipta:

Format Tersedia

As the financial markets await the bank stress test results in the US,

a potpourri of video clips was produced. Although the discussions were

varied, a golden thread prevailed: the duration of the financial crisis

Needless to say, the plight of the beleaguered automakers and fears of

ion of battle-weary investors. However, the S&P 500 Index rallied to a

r as investors “looked past the valley”.

Commentators featured on camera in this post include Simon Johnson, Mic

The selection kicks off with a recession singalong - a Walt Handelsman

animation entitled “Worst Slide Story”, and concludes with an interesti

ng visualization of President Obama’s planned budget cuts.

Walt Handelsman: Animation - recession singalong!

mes the remix, ‘Worst Slide Story’.”

g"></a>Source: Walt Handelsman, Newsday, April 13, 2009.</p>

<strong>CNBC: How swine flu spreads in humans</strong>

<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6

<param name="type" value="application/x-shockwave-flash"/>

<param name="allowfullscreen" value="true"/>

<param name="allowscriptaccess" value="always"/>

<param name="quality" value="best"/>

<param name="scale" value="noscale" />

<param name="wmode" value="transparent"/>

<param name="bgcolor" value="#000000"/>

<param name="salign" value="lt"/>

<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/p

<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getf

lashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor

="#000000" height="380" width="400" quality="best" wmode="transparent"

scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/ac

Source: CNBC, April 27, 2009.

<strong>Bloomberg: Jim Rogers says flu may be “disaster in weak economy

“Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg’s Betty

Rogers, author of ‘A Gift to My Children’, also discusses the restructu

ities in commodities. He speaks from Singapore.”

ibtimes.com/data/bigimages/6358.jpg"></a>Source: Bloomberg, April 28, 2

<strong>Bill Moyers (PBS): Conversation with Simon Johnson and Michael

iographer and legal scholar Michael Perino. Johnson is a former chief e

conomist of the International Monetary Fund (IMF) and a professor at MI

T Sloan School of Management, and Perino is a professor of law at St. J

i-3.jpg"></a>Source: Bill Moyers Journal, PBS, April 24, 2009.</p>

<strong>CNBC: Financial crisis still has long way to go</strong>

s Martin Soong that we are probably in the horizontal part of a L-shape

<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6

<param name="type" value="application/x-shockwave-flash"/>

<param name="allowscriptaccess" value="always"/>

<param name="quality" value="best"/>

<param name="scale" value="noscale" />

<param name="wmode" value="transparent"/>

<param name="bgcolor" value="#000000"/>

<param name="salign" value="lt"/>

<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/p

<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getf

lashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor

="#000000" height="380" width="400" quality="best" wmode="transparent"

scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/ac

Source: CNBC, April 29, 2009.

<strong>Fox Business: Forbes - recovery hinges on credit market</strong>

</a>SSource: Fox Business, April 27, 2009.</p>

<strong>CNBC: Christopher Whalen on financial fallout from stress tests

onal Risk Analytics.”

<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6

<param name="type" value="application/x-shockwave-flash"/>

<param name="allowfullscreen" value="true"/>

<param name="allowscriptaccess" value="always"/>