2011

This chart shows how the Italians have suffered in the sovereign debt crisis. It is as if the ECB never bought bonds.

I want to talk about why people blame government for the state of the economy more than Wall Street and what I think the remedies are. This will be a long post. So feel free to bookmark it to read it and the links when you have a moment.

Marshall Auerback: Gold and Silver Opportunities in Turbulent Times tags: gold…

European session marked by choppy macro price action; France and Germany split over EFSF leverage. North American session likely dominated by Greek vote, US reports and headlines surrounding EFSF. UK retail sales beat expectations but…

Madrid, October 19, 2011 -- Moody's Investors Service has downgraded the long-term ratings of nine Spanish regions, two Basque provinces and five government-related ratings by one or two notches. The outlook on the ratings is negative. At…

"Moody's Investors Service has today downgraded the long-term senior debt and deposit ratings of five Spanish banks by one notch. These rating actions follow yesterday's downgrade of the Kingdom of Spain's government bond rating to A1 from…

Bob Ivry, Hugh Son and Christine Harper have written an article that needs to be read by everyone interested in the financial crisis. The article (available here) is entitled: BofA Said to Split Regulators Over Moving Merrill Derivatives…

The Bankers’ Capital War - Howard Davies - Project Syndicate Almost everyone nowadays agrees that banks need more capital. Christine Lagarde chose to make it her first campaign as Managing Director of…

Equity markets are mostly positive after strong gains overnight; supported by euro zone crisis plans. EUR firms despite Spain’s rating downgrade by Moody’s; Norges Bank expected to remain on hold. Japanese and South Korean policy makers…

A friend sent this to me. It’s a note making the rounds by e-mail. If I get a source, I will link to it: