Posts Tagged ‘wealth’

The human race created money and finance…have our inventions recreated us? This week on Your Financial Editor

Friday, September 23rd, 2011

My guest this week will reveal spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth.  Tune in for a fascinating conversation with Satyajit Das, author of Extreme Money: Masters of the Universe and the Cult of Risk.

Join me this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD’s website and click the listen live button.

About this week’s guest:

Satyajit Das is an internationally respected expert in finance, with over 30 years’ experience. He worked for the “sell side” (banks such as Citicorp Investment Bank and Merrill Lynch), the “buy side” (Treasurer of the TNT Group) and acted as a consultant advising banks, investors, corporations and central banks throughout the world. He has been within touching distance of many of the pivotal events in finance during his long career.

Das presciently anticipated many aspects of the Global Financial Crisis in his 2006 book Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives In a speech that year – The Coming Credit Crash – he argued that: “an informed analysis of the structured credit markets shows that risk is not better spread but more leveraged and (arguably) more concentrated amongst hedge funds and a small group of dealers. This does not improve the overall stability and security of the financial system but exposes it to increased risk of a “crash” during a credit downturn.” He has continued to be a respected commentator on developments in the crisis, accurately anticipating many subsequent phases.

He was featured in Charles Ferguson’s 2010 Oscar winning documentary Inside Job and a 2009 BBC TV documentary – Tricks with Risk.

Das is the author of many highly regarded books on derivatives and risk management, which are regarded as standard reference works for professional traders. In 2006, he published the international best seller Traders, Guns & Money, a satirical insider’s account of derivatives trading. The Financial Times described it as explaining “not only the high-minded theory behind the business and its various products but the sometimes sordid reality of the industry”.

His latest book is Extreme Money: The Masters of the Universe and the Cult of Risk (2011) described by Nouriel Roubini as: “A true insider’s devastating analysis of the financial alchemy of the last 30 years and its destructive consequences. With his intimate first-hand knowledge, Das takes a knife to global finance and financiers to reveal its inner workings without fear or favor.”

He appears regularly in the media in the US, Canada, UK, Australian, New Zealand, India and South Africa. His opinion pieces appear in prestigious publications throughout the world including the Financial Times. His blogs can be found on a number of on-line financial sites, including www.wilmott.com, www.roubini.com, www.minyanville.com, www.eurointelligence.com, www.nakedcapitalism.com and www.prudentbear.com.

The wealthiest and most generous people have a secret! This week on Your Financial Editor.

Wednesday, May 25th, 2011

Being a millionaire or a billionaire does not guarantee financial happiness?  Join me this week and find out that achieving true happiness might not be about accumulating massive amounts of money.  Learn a strategy to address the core causes of troubling financial patterns, attitudes and behaviors.

Join us this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD’s website and click the listen live button.

About this week’s guest:

Karen McCall founded the Financial Recovery Institute to bring her innovative, transformational approach to as many people as possible.  She spreads her passion for her work by training counselors and money coaches to build their own successful practices.  A popular speaker and workshop leader, she lives in Sonoma County, California.

200 Countries, 200 Years, 4 Minutes

Thursday, February 10th, 2011

Check out this video by Hans Rosling (The Joy of Stats – BBC).