Archive: CNBC

January 28th, 2009 | By Glen Hiemstra | Posted in Business & Economy, Innovation | Comments Off

Economic Meltdown: The Future of Mortgages

This afteroon I caught an interview with George Soros at Davos, on CNBC. He had a very interesting response when asked specifically how the problem of actual mortgages ought to be dealt with. First he said the current and old model of mortgage lending is broken and must be dumped. His proposal? Require that lending instutions own or hold the mortgages they make, no selling into secondary markets. The lending institution must take the loan quality risk. Allow the lending institution to sell bonds connected to the mortgages that sell the interest rate risk, not the basic loan.

This sounds very old-fashioned, but very sensible to me, to the extent that I understand what he is proposing.

Navigating the new economic era is all about a return to sanity, and this is one step.

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July 15th, 2008 | By Glen Hiemstra | Posted in Business & Economy, Environment & Energy | Comments Off

Simmons on oil in current environment

Matt Simmons, oracle of oil, on CNBC last Friday, July 12, 2008, in the midst of the banking melt down.

The most interesting thing in this video is not what Simmons says, though he is more alarmed than usual, but rather how stunned the MSNBC crew appear to be. Most alarming though is the in-house expert who, though just doing his job I suppose in helping viewers to supposedly make a buck, basically seems unable to grasp the larger systems implications of a new energy future.

Glen Hiemstra is a futurist speaker, consultant, blogger, internet TV show host and founder of Futurist.com. To arrange for a speech contact Futurist.com.

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March 10th, 2008 | By Glen Hiemstra | Posted in Environment & Energy | 9 Comments

Matt Simmons Sees $300 Oil

I am always interested when Matt Simmons, author of Twilight in the Desert, appears on the TV and comments on future oil prices. He is an oil analyst with a penchant for telling the truth rather than spinning either overly optimistic or pessimistic stories about peak oil (the day we will have used half the total global supply).

Last week he dropped into CNBC. Among other things, he anticipates $300 a barrel, though he says it is not possible to know just when this will be the case. But most important in this video, I think, is that he puts to rest the ridiculous notion that Alberta tar sands are somehow the answer to future energy needs. Take a minute to watch.

Update: Oil closed just short of $108 today, March 10, 2008.

Glen Hiemstra is a futurist speaker, consultant, blogger, internet TV show host and founder of Futurist.com. To arrange for a speech contact Futurist.com.

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