Economy

The remittanc income from Mexican and Central American immigrants working in the United States bck to their home nations is not the only huge remittance flow in the world. One of significant import is in Europe, where millions of indivuals…

Paul Kasriel thinks the Fed announcement that it is monetizing the U.S. Federal Government's deficit is very important. He ends his article at Northern Trust with these words: In the coming months, the federal government is going to be…

From the Wall Street Journal: In the latest dramatic move by federal authorities to prop up the nation's banking system, regulators late Friday seized control of the two largest wholesale credit unions in the U.S. after finding that…

You probably saw this one already, but a pair of suspected narcotics traffickers threw gads of money from their car window while being pursued by the Drug Enforcement Agency (DEA) in a car chase in San Diego. Basically, it was free money…

If you have noticed, Pakistan is in a real state of crisis right now. Given the fact that this country is both unstable and possesses nuclear weapons courtesy of A. Q. Khan, it stands to reason that everyone should be interested. The fact…

This analysis comes via Brown Brothers Harriman (I have bolded a few lines): Mexico's central bank is widely expected to cut its overnight rate by 25 bp today. That would bring it to 7.25%. Last month it delivered a 25 bp rate cut too.…

Yesterday, the U.S. Department of Labor released its Unemployment Insurance Weekly Claims Report. I see the data as mostly good. The headline seasonally-adjusted numbers were 646,000 initial claims and 5.47 million continuing claims, both…

Today, I want to make the case for seeing writedowns as central to this global downturn. To do so, we need to rewind and compare what is going on today with what we have experienced in the past. Drawing on this comparison, I can…

Recently, I have highlighted the comments of a number of investing gurus, most of whom are fairly positive on the market. This includes Jeremy Grantham, Marc Faber, Bill Fleckenstein, Fred Hickey, Marty Fridson and Steven Leuthold (Louise…

This video from the Charlie Rose show should give one a fairly complete view of most of the relevant finance and political issues surrounding the AIG situation. (hat tip Calculated Risk) Participants include bank analyst Meredith Whitney…