2011

Here is an interesting take on the valuation of the S&P500 by our friends over at The Chart Store, who do excellent work. Their chart shows that it now takes 69.23 hours at the average hourly wage of $19.53 to buy the S&P500.

With big oil's bank accounts full to the brim with cash, the stage is set for some significant acquisition activity... or, to put it another way, for a battle to buy producing assets. There are quite a number of contestants in the battle -…

There's A Big Solution In Europe, And Actually It's Really Cheap But there is a solution. The markets seem to think we're about to see the ECB inter into the fray as a lender of last resort to troubled countries. The ECB already…

Marshall Auerback was on BNN yesterday talking about the sovereign debt crisis. He believes that there are two distinct issues at play. One is national solvency, the other is aggregate demand. In his view, the national solvency issues take…

Over the past couple of days I have noticed a lot of posts on the FT’s emerging markets blog about a growth slowdown in India that is occurring as a direct result of the worsening outlook in Europe.

Italian 10-year yields are now down below 6.5%, that’s a full percentage point lower than on Wednesday. Market players suspect ECB intervention is behind the sizable move. Still, everyone is breathing a sigh of relief as we head into the…

Slovenia's bond yields hit 7% | beyondbrics | FT.com The eurozone storm is spreading fast and Slovenia has become the latest country to be battered by its winds. Its 10 year bond yields have jumped dramatically since the start…

This is what American education now feels like

Thank you for all of the wonderful support in responding to my Monday post about changes at Credit Writedowns. Here are some thoughts on the feedback and next steps.

The foreign exchange is calmer. Equity markets are generally higher. Global bond markets are also quieter today.