2010

Last Friday, Mr. Obama and the GOP staged the equivalent of a British Parliamentary Question Period in front of the TV cameras. It showed the quick-thinking, articulate President at his best. Unfortunately, the subsequent Saturday morning…

Finance and Economy Euro Proving No Reserve Asset as Central Banks Shift - Bloomberg.com Building society lending slumped by 50% in 2009 | Money | guardian.co.uk Hussman Funds - Weekly Market Comment: Reported Earnings versus…

The eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of…

It was always naïve to believe that a crisis so deep and profound was going to go away with a whimper; however, an increase of more than 50% in global equity prices can be very seductive, and nine months of virtually uninterrupted gains…

This is a post which was originally published at A Fistful of Euros. “British or German taxpayers cannot finance the failures of others,” German Economy Minister Rainer Bruederle said at the World Economic Forum in Davos, Switzerland,…

Most Read Chart of the day: Clusterstock – How the AIG bailout worked Breaking: Darrell Issa asks for a subpoena in AIG bailout cover-up President Obama, are you listening? Robert Reich gets it Marc Faber: Obama makes…

If you are interested in politics, then this is a definite must see theater. It will give you a much greater appreciation of the personalities and positions. Better audio kicks in after a minute or so. The whole thing runs 66 minutes.…

Banks Secret Banking Cabal Emerges From AIG Shadows: David Reilly - Bloomberg.com A modest proposal: Double liability for bankers | VoxEU immobilienblasen: "Enron-Esque Characteristics" Hiding An Even More Explosive Credit…

Below is a partial list of December FDIC enforcement decisions and orders. I have only included cease-and-desist orders, prompt corrective action notices and termination of insurance orders as these are the signs of banking system distress.…

Edward Hugh here. This is a post which was originally published at A Fistful of Euros. Well, the Spanish government are due to announce their 2009 fiscal deficit number this morning, together with their adjustment plan for reducing the…