December 2008

FT Alphaville is reporting that Martinsa Fadesa, the bankrupt Spanish property developer, has seen the value of its drop 30% this year alone. Spain has largely slipped from view as the credit crisis has reached global dimensions. However,…

The holiday season is the second most important for the movie studios and many of their academy-award nominees are released in the time after Thanksgiving (the 4th Thursday of November) to take advantage of the holiday cheer. One film…

The Tribune was simply over-leveraged with a balance sheet made for this age of debt, leverage and bubbles. Note the lack of equity and the enormous debt load. Why would anyone, especially someone as savvy as Sam Zell load up a declining…

As we get ready for another week in the markets, it bears noting that stock markets are notoriously able in shrugging off news (both good and bad) and moving as if to their own drummer. Today could be one of those days, with overseas…

Below are a few links to web stories you might enjoy. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS. I would like to point out the story on econbloggers as particularly interesting — where’s Credit…

In a shocking news story, the Wall Street Journal reports that the media company Tribune Company, which publishes the Chicago Tribune, is exploring bankruptcy.  While advertising revenue has contracted significantly, impacting all major…

Below are a few links to web stories you might enjoy. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS. I would like to point out the emerging market stories in particular on Eastern Europe and Asia.…

First the Fed and now the ECB and Bank of England are talking about some form of quantitative easing! Of course, if they are all going to do it, do we have a dollar crash or is it more of a crisis of confidence in fiat currencies in…