2009

Recently, I posted a Wall Street Journal article that suggested smaller banks and new banking enterprise can supply the lion's share of additional credit needed for the U.S. banking system. While President Obama is off meeting the heads of…

I am certainly no dollar bull. Longer-term, I believe the dollar is a weak currency. But, in the here and now, it does seem to be holding up quite well. Whether this continues to be the case remains to be seen. Nevertheless, in the…

The following post is up on Morgan Stanley's website and highlights the degree to which money printing has become the policy tool of choice used by central bankers with which to fight this deflationary threat. I have highlighted the whole…

Commerzbank reveals toxic assets - BBC News Obviously, there are more writedowns to come. What does this say about what's on Deutsche's books? or UBS? MGM Mirage’s City Center Hires Bankruptcy Counsel - Deal Book Fear and Greed -…

The political realities of solving a financial crisis have often meant circumventing legislative approval to meet the exigencies of a particular situation.  This was certainly the case in 1995 during the so-called Tequila Crisis in Mexico.…

Story from Investor's Business Daily: Treasury Secretary Timothy Geithner called for "new rules of the game" on Thursday, including a systemic-risk regulator, stronger capital cushions for banks, and more disclosure from hedge funds.…

Jobless claims for the week ending March 21st are in. There were 652,000 initial claims last week, bringing the unemployment roles to a record 5.56 million. Both figures are seasonally-adjusted and reflect minor changes in seasonal…

Here we are just days out from the announcement by Treasury Secretary Tim Geithner that the Obama Administration will be buying up so-called toxic assets as originally planned by Henry Paulson during the Bush Administration. The initial…

This comes via Angus Robertson of Research Recap: The performance of auto loan securities has been mixed, but Standard & Poor’s Credit Research points out that overall ratings on the ABS have been remarkably stable in spite of…

This post is a contribution from Rob Parteneau of MacroStrategy Edge about fiscal expansion, printing money, avoiding debt deflation, and U.S. treasuries. He has some great insights on deflationary spirals, the paradox of thrift and the…