Charlie Rose sits down with Barton Biggs, legendary investor, to discuss the challenges the President faces regarding the economy, as well as other related issues.

A link to the transcript of the interview follows at the end of the post.

Click here or on the image below to view the video. (As there is no direct link to the clip, you need to click on “Archive” on the Charlie Rose site, and then scroll down to the Roach video of November 23.)

Click here for a transcript of the interview.

Source: Charlie Rose, November 23, 2009.

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Risk aversion has re-entered the investment equation with risky assets such as equities and commodities bearing the brunt of the selling orders, while gold bullion, government bonds, the US dollar and the yen are attracting safe-haven money.

The global stock market pullback seems to be gathering momentum with three markets on my radar screen now trading below their 50-day moving averages, indicating a reversal of the secondary trend. These markets are China, Hong Kong and Chile, with most others uncomfortably close to this intermediate support level (see table below). I am of the opinion that more markets will fall below the 50-day lines and that we will at least see some degree of reversion to the key 200-day moving averages (often used to distinguish between primary bull and bear markets). The table provides the key levels, as well as the declines since the recent highs.

Click here

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ur “Obama Rally” forecast… will things “get worse before they get better” or vice versa?… Print in the doghouse… Tribune Co., New York Times and McClatchy looking desperate… Still no bottom in sight for housing… foreclosure, refi and pending home sales data all down… Anecdotal evidence of tough times to come… Wiggin house, office burglarized… Chris Mayer with a sector sell-off that’s gone too far Enjoy the rally… for now. “Things are going to get worse before they get better,” the president-elect’s been saying all week. We suspect he’s right. But the Obama Rally is likely to have some legs first.

The Dow surged 3.5% yesterday after an equally notable gain Friday. Just about every stock got a boost, but materials, energy and infrastructure players led the way… half because of President-elect Obama’s audacious infrastructure plans, half because these stocks can’t go much lower anyway.

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Traxis Partners, LPTraxis Partners LP | Hedge Fund NotesThe following piece on Traxis Partners, LP and Barton Biggs (pictured left) is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.Resource #1: (11.12.08) Barton Biggs, managing director of hedge fund Traxis Partners, says he doesn’t see the redemption tsunami predicted by billionaire George Soros and others.Soros has said he expects two-thirds of hedge funds to be closed down by a wave of redemptions as investors cash out. Economist Nouriel Roubini went so far as to warn that the resulting rush of stock sales would shut down stock markets for two weeks or longer. Not gonna happens, says Biggs, a former Morgan Stanley strategist, writing in Fortune. ...

Here's some important news no one else is telling you: The Dow is now trading at the equivalent of the 2,500 level!Yes, that's right. In terms of "honest" money -- gold -- the Dow has already lost 77% of its value!How can that be? It's because the world no longer uses "honest" money and instead economies -- and asset prices -- float on variable currency exchange rates with nothing but "a promise to pay" backing them.So to really understand what's happening to values -- the nominal prices that you see in the markets whether they be for stocks, bonds or commodities -- you must look at them in terms of the one asset that always holds its purchasing power: Gold.I explain this concept in detail in my most recent Money and Markets column and I strongly recommend

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Here's some important news no one else is telling you: The Dow is now trading at the equivalent of the 2,500 level!Yes, that's right. In terms of "honest" money -- gold -- the Dow has already lost 77% of its value!How can that be? It's because the world no longer uses "honest" money and instead economies -- and asset prices -- float on variable currency exchange rates with nothing but "a promise to pay" backing them.So to really understand what's happening to values -- the nominal prices that you see in the markets whether they be for stocks, bonds or commodities -- you must look at them in terms of the one asset that always holds its purchasing power: Gold.I explain this concept in detail in my most recent Money and Markets column and I strongly recommend

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Barron's had it annual "retirement" issue this weekend and candidly there was a little less meat on the bone than when they have done this in the past.The best article had five snippets of varying length from five "risk experts" to "explain how to keep your nest egg from cracking."The five were Peter Bernstein, Charlie Ellis, Barton Biggs, Jeremy Siegel and David Darst.Berstein's post was a mix of general concerns and specific suggests that may not be very new but it was worthwhile to get is take.Charlie Ellis focused on global diversification which is important but the post was very short.Barton Biggs' post was totally worthless in the context of talking about retirement. He essentially spelled out why he likes tech right now. Even if he is 100% right about tech in the time ...