Notes from NYC

On Wednesday, I’ll be traveling to speak at the Orlando Money Show (my talk is How to Find the Next Big Revolution in Tech
Thursday, March 03, 2016 at 5:45 pm), so let’s do this week’s Live Q&A Chat at tomorrow, Tuesday 2pm ET.

I met with a lot of interesting people while I was in NYC, including John Carney who writes the Heard on the Street column for the WSJ, Todd Harrison who founded Minyanville.com and before that was the head trader at Jim Cramer’s hedge fund, Neil Patrick Harris of TV and movie fame, the executive producer of prime time from back when I had a show on Fox Business, Jason Meyer who is my editor at Marketwatch, and I even found the time to sit down for interviews with Tom Sullivan from Fox News and with Gregg Greenberg from TheStreet.

Carney and I chatted about my theory of how I expect the Too Big To Fail banks and the Fed learned from the 2008 bailouts and the reactions they got to it and aren’t going to do it the same way this time. Rather, this time, as the Great Corporate Debt Bubble is popping in the energy and commodity sectors and crashing commodity/energy-based economies and creating all kinds of losses for the banks who stupidly lent hundreds of billions of dollars each to these sectors to help inflate the now crashed energy/commodity bubble…well, the banks are likely to get the Fed to create a $2 trillion or even a $5 trillion Quantitative Easing program where the Fed uses taxpayer funds/backing to buy up those worthless energy/commodity/other-corporate bonds at par (100 cents on the dollar) instead of the 10 cents or less they are probably worth. Thereby the banks get a stealth bailout rather than a full on bailout like they needed in a panic in 2008.

Harrison and I talked about how the financial media landscape continues to change and how the App Revolution is driving much of that change.

Harris and I talked about the trends in TV and how Netflix has become just about the only network that creates water-cooler conversations. Neil will be filming a new series for Netflix later this year. That said, it’s his production company that he is most excited about and I found it interesting to learn that production companies don’t need as much financing as they used to since the networks themselves are doing much of the payment/investing in new series and movies.

Meyer and I talked about how the Dow Jones’ strategies for Marketwatch have shifted since they took it over a few years ago. Trying to take a website-centric business full-bore into the App Revolution hasn’t been without its challenges, but the Marketwatch app continues to improve.

You can check out my talk with Tom Sullivan about Trump, my days at Fox, and the App Revolution here.

You can watch my discussion with Gregg Greenberg about the FANG stocks here.

You can also watch the panel I moderated at the CFA event in Dallas a few weeks ago now with Jeremy Siegel and other leading Wall Street thinkers on YouTube here.