Economy

Super-bear Jeremy Grantham had something positive to say for once. Well actually it's only a friend of Jeremy Grantham, oh well. But it IS positive -- sort of. "The good news, provided you are by now heavily liquid, is that there are…

For other posts on Fannie and Freddie see 'GSE ' label.Going forward, Fannie Mae and Freddie Mac are going to be much talked about in the news. Therefore, as a reference, I am providing a list of big Washington Post stories dating back to…

Obama in his move to the center is increasingly alienating social Liberals/fiscal Conservatives like myself. He is either pandering to social conservatives or he actually believesthis stuff or both. The latest move that demonstrates his…

See my list of Bankrupt global financial institutions for past news on IndyMac and other bankrupt financial institutions.This is a very big deal. It seems that the financial crisis has reached fever pitch now. Given the week we just went…

Earlier this morning, I read about the bailout of Roskilde Bank in Denmark through the Sydney Morning Herald. Roskilde Bank, whose shares performed the worst last year among the Nordic region's 86 financial companies, became the first…

Dean Baker has been on record since at least 2002 as predicting both the mortgage bust and the Fannie-Freddie collapse."If housing prices fall back in line with the overall rate price level, as they have always done in the past, it will…

I might have egg all over my face quicker than quick about my $150 oil call. It seems the Fannie-Freddie bailout chatter is spooking stock markets, currency markets and the oil market. This is going to be a volatile day.The dollar dropped…

"I think a lot of banks are already bankrupt." "And a lot of insurance companies and financial institutions, but they hide their rotten assets in level three asset categories, where you don't need to value them." "I think the financial…

The FT reports: Citigroup is close to agreeing a sale of its German retail banking operations to Credit Mutuel for between €3bn and €5bn, after the French bank outbid Deutsche Bank in a close race, according to bankers close to the…

Inflation is a concern for everyone, especially for those living on fixed incomes. With the cost of basic necessities like food and oil rising day-to-day, many people with limited incomes wonder how they are going to afford to put food on…