May 2010

Meredith Whitney talks to Bloomberg's Jonathan Weil in a wide-ranging interview about the banking sector. This is a good one – the best I have seen - because you get to hear Whitney's views on the sector's stocks from a fundamental and a…

  Hat tip Scott.

In last month’s Absolute Return Letter I raised a yellow flag concerning the short term outlook for commodities. Quite a few readers asked me to elaborate on that, which is precisely what I am going to do. In the following, my assessment…

While Warren Buffett is out tarnishing his reputation with quotes about how "phenomenal" the ratings agencies' business model is, Bill Gross is accusing them of aiding and abetting the financial crisis. Here's a quote from Bill…

Within the euro-zone, Portugal comes in at #6. Spain and Ireland are not in the top ten. Source: CMA Sovereign Risk Monitor

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. Annaly Blogs - Let’s Get This Party Started…No, Wait Greece, Germany, and the Dangers of Beggar Thy Neighbor « naked…

Well, well ... it seems that the Europe may be important after all or at least that the Greek malaise may be spreading. The EUR/USD at 1.29ish, the AUD/USD looking towards 0.91ish, and all things risky in equity land seems to be entering…

The Slovaks have apparently balked at the Greek aid package hammered out in crisis this past weekend.  While they have not formally rejected the package, the Slovak Prime Minister has said he cannot grant Greece a loan before it…

Tax revenue at state and local governments has plummeted. With house prices in California down substantially, it is even more dire for municipalities there. The result will be widespread budget cuts and, where possible, income tax hikes.…

After the PCE deflator was reported yesterday the Dallas Fed re-jigs it, cutting out strongest and weakest to arrive at a trimmed mean.  By its calculations the PCE deflator rose 0.1% at an annualized basis, which is the result of…