2011

“Without consumption, markets are going to shrink. Companies won’t invest, stores will close, “for rent” signs will spread on the main streets and local tax revenues will fall. Companies will lay off their employees and the economy will…

With the euro zone about to implode, it makes sense for politicians outside of the main stream to rise up, grab the metaphorical mic and make a play for a nationalist response. That’s what Marine Le Pen hopes to do.

Spain Set to Vote for Rajoy Cuts as Crisis Claims Fifth Leader - Bloomberg Spaniards may hand the biggest majority in three decades to opposition People's Party leader Mariano Rajoy as polls suggest Europe's debt crisis will…

Here is a video clip of US President Obama from February 1991 in which he narrates a PBS ode to Charles Hamilton Houston during Black history month.

Bloomberg Television has another great set of interviews to see, this time with Larry Fink of BlackRock and Bill Gross of PIMCO. The two sat down with Bloomberg Television's Erik Schatzker for an exclusive conversation at an alumni event…

Brazil stands out now for being one of the few in EM to be cutting rates. We think most in EM will be cutting rates by Q1 2012 due to the deteriorating global growth outlook, and so BRL will still likely continue to enjoy a big yield…

It’s been almost three years to the day since AIG was bailed out. And guess what? AIG still owes taxpayers $49.4 BILLION! That’s more than half the budget of the Department of Education. What was that about taxpayers getting their money…

Note: our fundraiser is halfway there. We have 50 donors so far. If you would like to donate to help Credit Writedowns upgraded its services, click here. Thank you, thank you, thank you to all of you who have donated. Your generosity is…

The EZ crisis is approaching a tipping point beyond which market panic and slow government reaction threaten to create a generation-defining loss of jobs, savings, and pensions. This open letter to the president of the German central bank…

The BBC has a terrific chart tool that gives you a good feel for exactly how much the sovereign debtors in each of the European countries owes and to which other countries. The great thing about this chart is that it also shows you the debt…