Peter Schiff on Max Keisers The Oracle

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With this 6th episode, The Oracle is finally out of beta. The show is now well structured.

It is both informative and entertaining &#8212-and it has rhythm and style.

  • The TV show has 3 parts, as you all know, and each of these 3 parts focuses on one single issue. Excellent.
  • The interview of the main guest (this time, Peter Schiff) is well conducted and long enough so we can capture many insights &#8212-not just snippets.
  • The main guest is now a person of global stature &#8212-as opposed to the French, German and Arab guests (with strong foreign accents) we had to endure in the previous episodes.
  • Stacy Herbert (&#8221-The Queen Of Facts&#8221-) has finally been tamed. It was about time. (Women.) She now focuses on one single issue, introducing the issue of each of the 3 parts of the show.
  • Her &#8220-headlines&#8221- are now usable &#8212-they are now well readable on the TV screen. (She puts black headlines on a white screen, whereas The McLaughlin Group would rather put white headlines on a black screen. Both techniques are usable. It is a question of taste.)
  • She gave us a very good chart in part one. I want her to show one chart in each of the 3 segments of the show. I WANT CHARTS, STACY.
  • I never met Max Keiser in person. He was described to me as a friendly, low-key fella. But as soon as the red light flashes on the camera, he becomes another man &#8212-a funny, sometimes hilarious, financial animal, who immediately becomes the center of the attention. There is that expression in English that sums it up: &#8216-he is stealing the show&#8217-, literally. He expresses his contrarian arguments in a Daffy Duck-like voice, with some kind of exuberant body language rarely seen on TV &#8212-the fella is a spectacle by himself.
  • I hope that The Oracle (the disco machine that beams out the predictions) will be re-introduced in the show. It was a good gimmick.
  • I also hope they will feature prediction market charts, later on. :-D
  • Overall, the show is a very good piece of infotainment. I never quite saw this on TV before. There is the hilarity, but there is also the seriousness of dealing with the global banking, financial and economic crisis &#8212-quite not a laughing matter in the first place. Quite a mix.

Enough blogging.

Now, watch the show. :-D

HubDub CEO on Max Keisers The Oracle (BBC World News)

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Cory Doctorow likes Max Keiser&#8217-s TV show &#8212- I do too.

  1. Although I don&#8217-t agree with them politically, Max Keiser is exceptionally charismatic and funny, and Stacy Herbert is very lively and competent.
  2. Max needs to invite a guest who is as lively and as literate in finance than he is. Otherwise, &#8220-The Oracle&#8221- will remain his show, as opposed to a good show.
  3. The TV format is a winner. Max is on a path to stardom.
  4. Nigel managed to plug his prediction exchange. Good.

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The year 2008 in pictures -thanks to the Beeb

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In the US, a believer in Big Government and Nanny State swept away the neo-con cockroaches from the White House (good riddance):


In the UK, a conservative bozo (Boris Johnson) took over the City of London:


The world&#8217-s financial markets experienced a melting debacle:


And I won&#8217-t mention Bernard Madoff &#8212-the nightmare that keeps on giving.

Merry Christmas, Happy Hannukah, and Happy Festivus&#8230- anyway.

New discussion thread about the BBC documentary about sports betting…

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At Ed&#8217-s request&#8230-

BBC TV report on sports betting &#8212- (only for UK-based people :( )

Previous blog posts by Chris F. Masse:

  • IIF’s SIG on Prediction Markets
  • Science
  • Why did prediction markets do well in the pre-polling era, professor Strumpf?
  • Mozilla FireFox users, do you have trouble downloading academic papers (as PDF files) from SSRN?
  • “Impact Matrix. Used to collect and gauge the likelihood and business impact of various events in the very long term.”
  • Ends and Means of Prediction Markets — Tom W. Bell Edition
  • How to run enterprise prediction markets… legally

Why the Hollywood Stock Exchange was sold to Cantor Fitzerald. – An insiders account.

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From the Horse&#8217-s mouth (Max Keiser):

Max Keiser is a financial engineer who likes to turn things into markets. After working on Wall Street during the eighties, Keiser turned his hand to Hollywood, where, rather than chase starlets as every other man in Hollywood was doing, he began commoditising those same starlets by trading them on the Hollywood Stock Exchange, a virtual market in celebrities that he created long before the BBC ripped his idea off with Celebdaq. The starlets loved him for turning them into the commodities they always wanted to be and Keiser was awarded three U.S. patents for the virtual specialist technology on which HSX runs. During his weekly NBC appearances on &#8216-Access Hollywood,&#8217- Keiser became the first person since the days of McCarthy to be boycotted by every major Hollywood studio at the same time. When Keiser accurately predicted weekend box office gross for nine weeks running on his HSX segment of NBC&#8217-s &#8216-Access Hollywood,&#8217- the major studios decided that free markets were not so great after all and called for NBC to remove the heretic in their monopolistic midst or lose access to Hollywood &#8216-talent.&#8217- HSX was sold to Cantor Fitzgerald and Keiser moved to Europe where he created Karmabanque, a virtual market in monetising dissent.

Addendum (November 16, 2006): I received this disambiguation note from someone who knows the HSX history&#8230-

Max Keiser was not involved with HSX at the time of the acquisition nor was he part of the process.

Addendum (February 23, 2007): Max Keiser replies&#8230-

To say that I was not involved with the sale of HSX to Cantor is incorrect. I did not endorse the sale of HSX to Cantor – I voted against it – because the deal with Cantor was not, in my opinion, above board.