Juggling Dynamite

The Russell Sage Foundation and the Century Foundation hosted a conference on the financial crisis on Friday, April 13, 2012. Federal Reserve Chairman Ben Bernanke delivered the keynote address. A clip of his speech is available here.

Since Bernanke has never before acknowledged any fault on the part of the Federal Reserve in helping to cause the credit crisis, his speech on what did cause it was fairly entertaining.

Afterword: As always the questions were the more interesting part, especially the one where the idea was directly put to him that the policies of the Fed helped create the financial crisis. Of course, he disagreed.

The populations of the debt-ridden Euro countries are reaching a point where they can’t survive on any less, and debt holders will have to eventually accept their losses, says Danielle Park.  You can watch the video clip here.

Portfolio manager Danielle Park discusses how the sovereign debt crisis is a typical next phase in the post-credit bubble cycle, and more debt reduction needs to occur before we will see new economic growth. You can watch the video clip here.