I will be speaking at the Saskatchewan Investment Conference this Friday and Saturday at the Radisson Hotel Saskatoon. You can view the agenda here. I will be doing a presentation on Friday at 3:30pm and a Keynote Sat at 9:00am. Always fun to visit the prairies.
As the world’s largest potash producer, Canada’s second-largest oil producer, and 20% of global uranium deposits, Saskatchewan is one of the two provinces (so far) still booming in Canada.
Martin Feldstein, a professor of economics at Harvard University, talks about the impact of Federal Reserve monetary policy on the stock market. Feldstein, speaking on Bloomberg Television’s “InsideTrack,” also discusses the outlook for the U.S. economy.
“We are not doing very well. The economy is just coming along at a snail’s pace. The first quarter numbers that we just got last week were not very good at all. The GDP number was 2.2%. That was a disappointment, but you know, it was all automobiles. 1.6 out of the 2.2 was motor vehicle production. So, people were catching up after not being able to buy them the year before. So, this is a very weak economy. The payroll employment numbers, we are going to get some new ones in April. Let’s hope they are better than March where it fell by half. The stock market is, I think, responding to the Fed. I think the real danger is that this is a bubble in the stock market created by low long-term interest rates that the Fed has engineered.” Here is a direct link.
The second segment in this series aired last night on PBS. It is an excellent series, showing the value of investigative reporting versus the infotainment, cheer-leading so frequently aired today. Here is a direct link to the first hour May 1. I believe that this series clearly lays out the culprits, and the failures of the bankers and Bush administration. But is also lays much at the feet of the Obama Administration who have failed to effect the prosecutions and reforms needed. After all he swept to power on a campaign of change, and promptly protected and rewarded the usual suspects of the status quo.
Watch Money, Power and Wall Street: Part Three on PBS. See more from FRONTLINE.
The final chapter (2nd hour of last night) is also excellent and offers some important insight on the role of investment banks in creating the credit crisis in Europe and a legitimate impulse behind the Occupy movement. Here is a direct link.
Watch Money, Power and Wall Street: Part Four on PBS. See more from FRONTLINE.
