April 2010

Highlights The US dollar is somewhat softer today as the market takes a pause to consider recent developments.  News that Fitch reaffirmed its AAA rating for Spain, despite S&P’s move yesterday, and heightened speculation that…

Look back at the prepared testimony that Lloyd Blankfein, Goldman's CEO offered to the US Senate two days ago.  In it he clearly defines what Goldman Sachs public purpose is – what its societal function is.  Are they fulfilling…

Well, I don’t know how many other people have noticed, but the Hungarian forint tanked today. This is the one I had been waiting for, and expecting. And precisely why did it tank? It tanked because Viktor Orban, Hungary’s…

In 2007, a credit crisis centred in the US subprime market began. It metastasised into a monstrosity of epic proportions that led to the worst and only synchronized global downturn since the Great Depression three-quarters of a century ago.…

I am at a conference all day and will probably do a spot on BNN late this afternoon, so blogging will be limited. But I wanted to alert you to my thinking on some of the latest developments on Greece. Apparently, Germany is now planning to…

All of the debt ratings from Albania to Zimbabwe as well as whether the revision outlook is positive, stable or negative and when the rating was first placed.

Goldman Whitman says she regrets now-banned stock deals through Goldman Sachs - San Jose Mercury News Goldman boss Lloyd Blankfein denies moral obligation towards clients – Telegraph David Prosser: Goldman Sachs is just the…

Q: Will Greece default? Here are the possible answers for the poll (embedded below on the site)? No, they will take the necessary austerity measures plus receive enough support from the EU and IMF. Yes, but they will stay in the…

I was on two TV programs talking about Goldman today. That's actually a first.  Of course it's always nice to asked to speak about finance away from Credit Writedowns and I will provide you with the videos and some commentary later…

FT Alphaville - Neil Hume - ‘Some horrendous Keynesian/monetarist nightmare’ Václav Klaus: „An Griechenlands Krise ist der Euro schuld“ - FAZ.NET HAMP = Foreclosure : The Implode-o-Meter Blog Nationally, 60% Favor Letting…