Is he on his College's investment committee, I wonder. If so, where are they invested?
Well worth the time spent watching it. Thanks for that, Alice.
NIall saves the best until last! 38 minutes in :"The underlying problem of the banking system has not been resolved. The losses are still much bigger than the banks have admitted. Needs much greater level of capital injection.Fed has been buying up distressed assets. The fed is a hedge fund, a tax payers hedge fund, leveraged at 50: 1 with questionable assets in the portfolio."Thanks Alice
Thanks for the vid,I liked it. Looks like Niall is getting a lot of information from the blog sphere as well :-)I agreed with almost everything he said, except for the "homeownership is not for everyone" part. It's really amazing to see that even he is not getting it (or pretends to). Thanks for your blog BTW,Dutch_renter
To Dutch_Renter:I completely agree! Even though I don't agree with what was said on 28:01The theory is that once people own their homes, they are someone less likely to succumb to political radicalism; they become, in some measure, capitalists!Because you have something that you very much treasure, would not like to lose, and you become conservative because you seem to conserve your own.A very interesting piece of analysis! Thank you very much Alice!
I had a look at the website for Jesus College, Oxford. Alas they tell us nothing about their investment committee, so I've no idea whether Ferguson is going to be a successful investment manager for his college, a la Keynes.