Economy

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:

Spain continues to be vulnerable to market stress and event risk. The already moderate growth prospects for Spain have been scaled back further. Lower economic growth in turn will make the achievement of the ambitious fiscal targets even…

Last November, in anticipation of QE2, I wrote a post called “How Quantitative Easing and Permanent Zero are Toxic To Bank Net Interest Margins”. The gist of the post was that if the ‘extended period’ for low rates was too long, net…

Look at these charts that Win Thin has crafted on sovereign bond spreads. this is what I want to discuss.

The good news is that we finally have the second group of indictments of senior bank officers. The prosecution involves officers of United Commercial Bank (UCB), a roughly $10 billion San Francisco bank that originally specialized in…

The special interest most people are concerned about are the banks. In the banking sector, fraud was a major contributor to the crisis. Because the White House has not prosecuted these frauds, bankers in general are now denounced as…

November 5th is the date of the planned action. CNBC video below

On Friday, I asked why CAM’s credit default swaps were soaring. This is why? Clearly someone had inside information.

Europe is slowly but inexorably moving toward its own version of TARP—the U.S. “toxic asset relief program”. Rather than sub-prime mortgages and related derivatives, the toxic assets in Europe are sovereign credits, which in some cases –…

The Chinese trade surplus has dwindled. But pressure to revalue the Yuan remains. Video below