May 2010

Markets were unimpressed with the size of the just-announced $145 billion rescue package or the ability of Greece to meet the terms. A bailout of all Club Med countries would, according to estimates I’ve seen, approach $800 billion. This…

The BEA released US personal income and consumption figures for March today.  The data show that the growth in consumption continues to outstrip the growth in personal income. Personal income increased $36.0 billion, or 0.3…

Highlights The US dollar is firmer across the board.  The deal worked out by Greece and EU/IMF/ECB is helping to ease strains in the European debt market, but does not appear to have dealt a significant blow to those who think that…

Conan O'Brien tells "60 Minutes" Correspondent Steve Kroft how he feels about Jay Leno.

The EU-IMF package came in at 110 billion euros (80 from the EU and 30 from the IMF). It is designed to see Greece through to 2014 for the stability and growth pact 3% deficit hurdle, not 2012 as had been anticipated by many. After news of…

Edward does a nice job to sum up the flurry of the past week which saw the ongoing problems in Greece elevated to a full fledged systemic crisis in the Eurozone economy which, if it ultimately blows, will have ramifications far beyond the…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. I like the first link below. However, it does move rather quickly from a discussion about Greece, which operates in a limited…

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

Failure Friday News Scotiabank buys Puerto Rican bank - The Globe and Mail Regulators Close Three Banks in Puerto Rico - WSJ.com FDIC: Failed Bank Information - Bank Closing Information for Frontier Bank, Everett, WA FDIC:…

According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…