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Tune in Sunday Evening to NoQuarter Radio’s Sense on Cents with Larry Doyle

Posted by Larry Doyle on April 5, 2009 7:10 AM |

Please join us Sunday evening (tonight!) from 8-9 p.m. ET for NoQuarter Radio’s Sense on Cents with Larry Doyle. With the stock market near 12 year lows, what is driving soc-promo5the flows? What is truly going on in the economy? Where are markets headed? What came out of the G-20 Summit? How about the FASB’s easing of mark-to-market? So much to cover.

These are truly historic times in the global economy. Let’s “navigate the economic landscape” without the pandering or nonsense found elsewhere! What is on your mind? What would you like to address? Please share your questions and thoughts by calling in to (347) 677-0792, and also join our live chat room, which I’ll start up about 10 minutes before the show begins.

Tonight I will be speaking with Phil Trupp, a journalist/author with more than 30 years of professional experience writing for several prestigious newspapers and magazines in the world. Over the years, his investigative reporting and columns have led to congressional hearings on coal mine safety, corruption in the trucking industry, poverty in America, environmental hazards, and global warming, among other controversial issues. Trupp’s financial journalism background includes a seven-year stint as Washington correspondent and assistant bureau chief for Fairchild Publications, and as a reporter at the Washington Evening Star.

Phil Trupp is currently writing MONEY ON ICE: How Ordinary Investors Beat the Biggest Fraud in Wall Street History. It is an exposure of the Auction Rate Securities scandal in which 146,000 investors have been bilked out of $336 billion.

As a reminder, all NoQuarter Radio programming is archived and can be played back at any time. Just go to the NoQuarter Radio site and look for previous episodes. In addition, each program is available as a podcast on iTunes.

Many thanks to Larry Johnson and the rest of the team at NoQuarterUSA blog for providing such a vibrant vehicle as NoQuarter Radio. I look forward to having you join me Sunday evening as we collectively navigate the economic landscape!!

  • fiscalliberal

    Larry – I am reading a paper-The Financial Crisis: An Inside View by Phillip Swagel who was the Assistant Secretary for Economic Policy working under Paulson.

    In the paper he makes the comment AIG needed capital ranther than Liquidity. I think that ment that they needed capital for reserves when the insured entity was down graded by the rating agencies. However I do not see the differentiation from Liquidity.

    I have seen that terminology used in a lot of the financial writings and it appears to be a form of inside terminology, not understood by the general public.

    So – could you expand on this a little more if warrented for understanding for lay people?

  • Fiscal…

    Great question!!

    Liquidity is the term used for the price paid for assets. A liquidity problem occurs when an entity is not receiving a price high enough or reasonable to sell the asset.

    I think the approach the administration and Congress are using for the economy as a whjole is that we have a liquidity problem. Meaning the assets on the banks books are worth more than the prices currently being paid for them by investors.

    Many investors, myself included, believe we have a capital problem. Capital meaning not having sufficient funds on hand for an entity to be deemed solvent. The liabilities exceed asset valuations, thus rendering an entity to be insolvent.

    In layman’s terms. If an individual owns a home and believes the home is worth 100k but he can only get paid 50k for it. He may think he has a liquidity problem. Without other assets to pledge as collateral for getting a loan he has a capital problem.

    Not sure that is the best example.

    Does this make sense?

    • fiscalliberal

      Thank you

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