March 2009

No. Better to just forget about it, huh? Instead he talks about recent statements by the Obama Administration. hmm. Is CNBC chastened?

The goings on down under are not getting that much play in the press outside of Oz. But, Babcock & Brown, Australia's second-largest investment bank has just gone under.

Everyone is talking about marking to market as if its elimination is a silver bullet. So far as the economics goes, I am not sure that mark to market is such a big deal. The whole point of the banks is to make loans and hold them. Look at…

By now you have heard that Warren Buffett's bets on GE, Goldman, and Swiss Re and his derivatives positions have earned him a downgrade from Fitch Rating Agency. Below is the Fitch statement. I have highlighted the key sections.

Relying on the kindness of strangers is not a very good way to ensure one's fate. However, this is certainly what the United States has been doing in running about a mountainous current account deficit. America's largest creditor is now…

On Wednesday I posted an article that pointed out a largely positive review by Morgan Stanley of Mexico and their economy. Having noticed a negative bias in the article, I amended it to reflect the tone originally given in the Morgan…

Last night I featured a video from Jon Stewart that skewered CNBC, and specifically Jim Cramer. The video is quite funny as Jon Stewart's show is a comedy show. However, since that segment aired, Jon Stewart has decided to end the…

Buffett’s Berkshire Has AAA Debt Rating Cut by Fitch - Bloomberg.com This is HUGE! If Berkshire is not AAA, no financial services company is. Wow. Business As Usual - Baseline Scenario (must read - the bankers have won) When will…

My video for tonight is this funny segment of Jon Stewart that is a follow-up to his famous takedown of CNBC and Rick Santelli. Enjoy.

Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo…