July 2008

The tenor was downbeat at a panel put together by Pensions and Investments online that included well-known Boson-based investor Jeremy Grantham. Grantham is on record as being a sceptic of the current investment climate and sees the rally…

The FT reports:The eurozone economy has shown fresh signs of spluttering, with German industrial production dropping unexpectedly sharply in May - the strongest monthly fall since August 1997.-FT, 7 Jul 2008This is the latest sign in a…

Below are the latest writedown stories from the web. For the full timeline of news, visit my credit crisis timeline.2008 06 23 Citigroup and Goldman Sachs cut more staff as effect of credit crunch lingers2008 06 26 Fortis launches urgent…

PoliticsBritain must act to prevent an attack on Iran - FTCongress tries to tighten commodities loopholes - MarketWatchObama Faces Resistance From Top Supporters of Clinton - WSJEconomyGM Weighs More Layoffs, Sale of Brands - WSJRecession…

$1.6 trillion! This is the figure that a Bridgewater Associates study has come up with. I caught this article when I was looking for the original German-language version of a story that MarketWatch exposed regarding the Swiss banks' need…

This is a big story coming from the Swiss German-language paper Sonntagszeitung. I originally saw this story in a derivative report from MarketWatch and then again at Calculated Risk. It's not getting enough play as yet in the…

PoliticsBush to Keep Pressing Iran, North Korea on Nuclear Programs - BloombergArgentina agricultural-export tax clears a hurdle - MarketWatchAmerican Energy Policy, Asleep at the Spigot - New York TimesEconomyWhat Safety Net? The…

BankingThe Credit Crisis Is Going to Get Worse - WSJEuropean Banks May Need EU90 Billion, Goldman Says - BloombergUniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says - BloombergPost Wants EU10 Billion for Postbank,…

In the Wall Street Journal today, Ted Forstmann, of LBO giant Forstmann and Little fame, has warned that the credit crisis is far from over. Forstmann, who presciently called the bubble in High Yield ad LBO financing twenty years ago, is a…

This is a story about how the ECB move affects individuals. As much as I support the ECB rate hike, one has to remember that real people are very much affected by these policy decisions. This is what makes these decisions difficult.