Opening Panel From 2011 Milken Conference: "The Shape Of Things To Come"

Tyler Durden's picture

The 2011 Milken conference launched today (full line up here) and while nothing revolutionary is usually exposed during the several days of its duration (which however does not prevent it from hosting some of the better LA parties in May), it does invite some of the more luminary thinkers of our time. As such it is no surprise that as part of its inaugural panel for this year's event, "The Shape of Things to Come: Understanding the New Global Economy" speakers were Pimco's Mohamed El-Erian and Guggenheim's Scott Miners both of whom very often grace the pages of Zero Hedge. Additionally, the panel saw the presence of Laura Tyson, former Chairman, National Economic Council and Rubern Vardanian
Chairman and CEO of Russia's Troika Dialog. Follow 77 minutes of solid view and opinions by some of the more controversial people in a climate of unanimous, and often times foolish, consensus.

From the panel's intro:

The cataclysm is behind us — but the view looks dramatically different
from the other side. Global Conference 2011 kicks off by bringing the
outlines of the new global economy into sharper focus. Emerging
economies are flexing their muscle and attracting vast flows of capital,
while the developing world begins to seem like a lumbering giant. What
are the economic relationships, trade flows and demographic trends that
will define the future? How will global institutions manage the world's
web of interconnection and risk? How permanent are these changes? Who
are the players to watch?

And a quick summary of the participants:


Mohamed El-Erian,
CEO and Co-Chief Investment Officer, PIMCO

Scott Minerd,
Chief Investment Officer, Guggenheim

Laura Tyson,

S. K. and Angela Chan Chair in Global Management, Haas School of
Business, University of California, Berkeley; former Chairman, National
Economic Council

Ruben Vardanian,
Chairman and CEO, Troika Dialog


Jared Carney, Executive Director, Program Development and Marketing, Milken Institute

Full panel:

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Dan The Man's picture


...never heard of it


anynonmous's picture

it's a bankster bash hosted by and attended by some of the most honorable and upstanding financial wizards of our time


What should concern any and all readers  of Zero H is the tone of this post

yes it is a statement of fact

but no, it is not the original Tyler Durden who clearly (based on a change in writing style and tone) has been co-opted and/or who has cashed out

ZH so sad, we hope the payout was worth it


traderjoe's picture

"it does invite some of the more luminary thinkers of our time"

Interesting. Not going to spend much time thinking about it (the change in style). But, interesting. 

G-R-U-N-T's picture

Laura Tyson....Hm....What an embarrassment to the financial community.

Listening to her babbling whinny voice makes me want to spew!

How many companies has that bitch ran?

Ahmeexnal's picture

Who ordered the foodstamp story pulled down?

I guess LaBamba didn't like his party spoiled if the sheeple had a look at cold hard facts.

redpill's picture

From the panel's intro:

The cataclysm is behind us — ...


My fuckin ass it is.

jse111's picture

Everyone, repeat everyone, has a price!

KinorSensase's picture

The user comments are the best part anyway.  As long as Tyler continues to show a keen overall awareness and post about the right stuff, peer review takes care of revealing the truth IMO.

i-dog's picture

"not the original Tyler Durden who clearly (based on a change in writing style and tone) has been co-opted and/or who has cashed out"

He still graces us from time to time with his incisive wit and precise grammar. Too rarely, now, though. :(

slaughterer's picture

Scott Minerd in his opening remarks represents views that are commonly discussed here at ZH: Keynesian endgame, debt super-cycle, etc.  With regard to El-Erian, you always want to know what this guy is thinking, as he is very influential in the mainstream finance world, and his thoughts do have application for global investment strategies.   The other two panelists, I could do without. 

bigelkhorn's picture

I cant belive i just watch that. LOL. Oh well, I am a dofus.

Wonder how much these guy got paid to spruke BS. 

I subscribe to the guy from australia and his FFT economic newsletter at  that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.


magis00's picture

Again?  Well then again I say, disprove.

Captain Benny's picture

Michael Milken is a pile of shit scumbag.  He knows it and so does his family who do whatever they can to cover his ass.  The guy deserves the death penalty along with the Bernank and Timmah.


Gives me an idea... Maybe we could fire Paulson's "bazooka" at Bernanke's helicopter as they shake the change out of Timmah's pockets high over the Rockies?   Milken's cancerous prostate can be tossed to the rotor blades....   Let the helicopter crash with Bernank, Timmah, and Milken on board.  Just so happens to crash right on top of dipship Paulson who forgot that gravity always wins.

Now, thats the crash we can all believe in.

Weisbrot's picture

so how do you feel about the BJ Lewinsky Global Initiave?

Weisbrot's picture

tell us how you really feel

tom a taxpayer's picture


2011 Milken Conference???

So, will there be a 2021 Madoff Conference? And a 2020 Ponzi Conference for a centential celebration honoring Mr. Ponzi.







long juan silver's picture

Sokal announced as key note speaker.

Thomas's picture

He is the 2011 Ponzi Lecturer.

Weisbrot's picture

some think this is one of those

PaperBear's picture

The cataclysm of a currency is ahead of us. Debt instruments have a duration and a few trillion dollars of debt will be up for repurchase in the next year so. Who is going to buy this debt and the 1.5 trillion dollars in new debt annually for the next few years ? China will be cutting their purchases and Japan has to cut to pay for the Tsunami clean up. The end of the giant pyramid scheme is fast approaching.

Mec-sick-o's picture

The FED, backstopped by Central Banks, taxpayers and third world countries.

Misean's picture

If laura tyson is "some of the more luminary thinkers of our time..." we're in some pretty deep shit man!

Tyler Durden's picture

"some" - Dennis Kneale is moderating several panels

reinhardt's picture

tyson = not your average park ranger

G-R-U-N-T's picture

I remember her debating with Sir James Goldsmith on the Charlie Rose show back in the early 90's...Goldsmith was arguing that US policy via GATT would impoverish the West understanding that US corporations would whore labor to Asia to increase profits vs. Tyson arguing global Utopian trade, however she was ignorant of the consequences of that reality as was Newt Gingrich and others.

Here's a re-cap...

Tyson was a whinny babbling idiot then too! What's troubling is I think she acutally believes she knows something.

Goldsmith was a successful practical businessman full of common sense and reasonableness everything that Rose and Tyson are not.


UncleFurker's picture


Great vid. Thanks for the link.

Must see video.


Misean's picture

Yes. T'was a flippant dig at Mzzzzzzzzzzz. Tyson, not the author.

knukles's picture

Holy Shit Medical Center! 
Subdural aneurysm.

Mohamed El-Erian and Laura Tyson moderated by Dennis Neale, hosted by Mike Milken. Ummmm ah  jezzzzzzzzzzus fuckthathurts!
Felt just like sitting on my nuts.
THE DORK OF CORK's picture

Goldsmith gave that stupid bitch a lecture in reality and she still has the nerve to talk shit and more shit

She should be hiding under some rock now.

God give me strength.


GubbermintWorker's picture

Wow! She sure can regurgitate that pablum she's been fed!

Weisbrot's picture

we all know that the only place keyensianism can work for all, is in the perfect socialist society.... dont we have that yet?

AccreditedEYE's picture

The same Milken who said last year that the middle class is going to have to learn to suck it up. "They (the middle class) will have to decide if they want to live in a nice home or afford to send their children to a good school." Milken, with advice like yours the middle class needs no other enemies.

knukles's picture

And so, pray tell, what did the middle class decide?

masterinchancery's picture

Neither--they bought ipads instead.

SparkyvonBellagio's picture

PONZI PALOOZZA 2013 NYC 100th Anniversary



Chippewa Partners's picture

Mike took the hit before Rudy nailed his brother Lowell too....... hey, what's a mere few hundred million to the SEC and a stint in Club Fed to keep the family fortune intact?   All you need to know about Milken is at

blindman's picture

predator's ball, reloaded.

gordengeko's picture

Shocking, mohamed pimpco starts off bashing the US.

buzzsaw99's picture

He looks like a terrorist.

knukles's picture

Politically incorrect!

He looks like a financial terrorist.
Politically corrected.
Politically connected.


buzzsaw99's picture

He looks like a financial terrorist.


Funny, he doesn't look joo-ish.

reinhardt's picture

.. hmm.. milken.. milken .. is he that guy

Dan The Man's picture


...milken for all they're worth

francis_sawyer's picture

notice like all these dudes have names like "MILK-IN" & "MADE-OFF"?

tom a taxpayer's picture


C'mon, Ignatius...give us something deeper...we are hungry for wisdom from medieval philosophy. Or, is your pyloric valve stuck tonight? :-)