Too big to rescue

After Iceland collapsed and went into Depression, there were a number of reports in the press regarding countries with outsized financial sectors. The worry was that the collapse of Iceland was not an isolated incident, but rather a…

Links: 2009-02-15

Burris Says Was Asked to Raise Funds for Blagojevich - Bloomberg.com Just how big are the UK banks - UK Bubble (Alice Cook is all over this one -- and it's not just about RBS. Thanks for the link, Alice.) Royal Bank of Scotland paid…

How do the Presidents rank?

C-Span ranks the former Presidents: Honest Abe gets top billing, follwed by Washington, FDR, Teddy Roosevelt and Truman. How did the George Bushes, Bill Clinton, and Ronald Reagan do? Click the link to find out.

Three views of the global economy

Today's Globe & Mail does an excellent job of presenting the three different potential outcomes for the global economy, one optimistic, one pessimistic and a third somewhere in between. Below are the key snippets of their article…

The top 25 European banks by assets

Just a few hours ago, I posted an article about European toxic asset exposure based on a Telegraph article.  The crux of the Telegraph piece was that European banks have a shed load of bad debt on their books.  A secret European Commission…

The bullish argument for China

Despite having made a number of bearish comments regarding China and its near-term outlook, I am a long-term China bull. Even over the short-term, China's willingess to fund long-term infrastructure projects will serve as a buffer against…

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