2011

The personal savings rate came in at 4.9%, the lowest since October 2008 before the Lehman crisis caused savings rates to jump up. Below are a few charts for a historical perspective.

Although the overall reported headline rate for the GDP remained essentially unchanged, the numbers reflected somewhat weaker consumer contributions and anemic "real final sales".

Listen to what Jeffrey Gundlach has to say about subprime bonds -- yes subprime. Hint: he thinks banks will have to take more credit writedowns.

Australian Professor Steve Keen explains why private sector debt dynamics drove both the Great Depression and the Great Recession.

The creditors know that the game is up. All they can do is take as much as they can, as long as they can, pay themselves bonuses that are “free” from recapture by public prosecutors, and run to their offshore banking centers.

Apparently, the upcoming film on the credit crisis ‘Too Big To Fail’ can be boiled down in these 80 seconds of preview clips. Enjoy.

An unsustainable rise in debt is, for me, one of the key indicators that the investment-driven model has passed its useful life and is generating negative growth while posting positive growth numbers. This is why I spend so much time trying…

Greece is clearly insolvent. The Europeans should put a plan in place to deal with Greece and to reduce contagion. The contagion to Italy and Belgium is happening because of uncertainty and the inability to put forward a credible solution…

US dollar is broadly weaker as market sentiment builds on yesterday’s improvement. Official and unofficial views on Greece are not in short supply, but vary across a wide range. Germany may be stepping back from restructuring talk regarding…

Once divorce from the euro is complete, Germany will regain its fiscal freedom. This is itself something the Germans should celebrate, providing their government takes advantage of their newfound fiscal freedom. Remember, once it returns to…