Podcast: TJ Marta of Marta on the Market Says Obama is “Sounding a lot like FDR”

Feb. 2, 2009 - PRLog -- MuniMarket Pulse, a podcast of DerivActiv, LLC, recently spoke with TJ Marta, Market Strategist and founder of Marta on the Market, talks about downgrades of European governments, the Euro Zone, and Obama economic strategy.

To listen to the podcast episode or download the transcript, visit: http://podcast.derivactiv.com/Podcasts/TJ_Marta_Economic_Outlook_Part_I.mp3


During the podcast, host Johan Rosenberg, CEO of Sound Capital Management talked with Mr. Marta about the recent downgrades of European governments.  According to Marta “I don't know if you’d think of a shipwreck where there are certain rather large boats able to take on a lot of survivors, and those would be the countries. And some of the smaller lifeboats can no longer hold the people and they're sinking, and those would be private corporations. And what's happening is some of these larger boats are taking on so much in terms of trying to financing the entire economy that they're actually beginning to sink. So that's where you begin to see the downgrades of a Spain or a Greece.”


Rosenberg then about these “cracks” in the Euro Zone and will it make the Euro non-existent in the future. Marta said “I think it's a possibility, yes. It's a significant possibility. It's not a probability but maybe 15-20% chance of that happening. Europe, in the Euro area, is very young. They really haven't confronted the same type of crises that the U.S. has come through. There's going to be a lot more problems keeping the Euro area together as a unified entity. I think that they're going to have to overcome those hurdles in coming years.”


Roseberg and Marta continued on during the podcast talking about China and its financial system.
“We have seen over the last couple of weeks repeated statements by Chinese policy makers expressing fear and concern over significant wide-spread civil unrest. As we saw today at the inauguration you could get I think there were two million people at the inauguration, peacefully, congregating during the transfer of power and yet China is looking potential revolution at this point. There are a lot of issues that possibly could feed back to the U.S. that we're keeping our eyes on which is if one of these other countries ends up having a severe domestic problem like a revolution. Whether it be Russian, China, Iran, there's a lot of stresses being put on regimes that are not democratic in nature.”


To listen to the podcast episode or download the transcript, visit: http://podcast.derivactiv.com/Podcasts/TJ_Marta_Economic_...

About DerivActiv
DerivActiv, LLC is the podcast sponsor and a leading provider of web-based derivative valuation and other financial monitoring services, serving banks, hedge funds, corporations, non-profits, and municipalities. DerivActiv provides daily valuations of financial products, including equity and fixed income securities and derivatives, as well as commodity and currency derivatives. DerivActiv is used for FAS 133/157 compliance in financial statements, board and finance committee reports, and as an internal risk management tool.  More information call 1-866-200-9012, or visit us at www.DerivActiv.com.

# # #

A leading provider of daily web-based independent valuations for fixed-income, currency, and equity derivatives, as well as other financial products, serving banks, hedge funds, non-profits, and municipalities.