News

Top billing California bank stocks: The herd gets thinned again - LA Times The implications of this story in a state that has seen the largest drops in house prices anywhere is that many busts are going to happen in California. There is…

Top BillingNo Limit to Greenspan's Once-In-A-Century Events: Caroline Baum - BloombergFinancial sector woesU.S. likely to recapitalize Fannie, Freddie: report - ReutersU.S. banks scramble to refinance maturing debt - FTAnalysts Said to…

HousingU.S. subprime collapse reaches Welsh town - LA Times (LA Times take on interconnectedness of post-bubble world)American housing - home economics - Economist (optimism)American housing - ticking time bomb - Economist (pessimism)Dr.…

The complete and utter failure of owners' equivalent rent - Tim IaconoInflation Versus Deflation: The Debate Continues - naked capitalismDark Star - Bank Implode-O-MeterJuly Jump in CPI Suggests Third Quarter Growth Could be Negative -…

The key story today is pretty downbeat. It shows a global recession taking form. In the global recession section below are a number of stories from different newspapers I get in my RSS feeds from around the world. All of them are…

RecessionJapanese economy shrinking - BBC NewsU.S. retail sales dip in July - BBC NewsUK unemployment rise fastest since 1992 - GuardianForsaking Waitrose for Aldi - Times OnlineEuropean Industrial Output Stalled in June After Slump in May…

My Commentary: The lead story today is about UBS and it.s $5.1 billion in writedowns and what this means for the financial system going forward. When one combines the downbeat assessment by UBS management regarding Q3 and Q4 with the…

Markets Rand down 10% in five days - Fin24 (It's not just major currencies) Party crashers: China's stock markets dive as Games begin - LA Times Auction-Rate Buybacks: The Bottom Line - Deal Book Politics…

Top BillingSolutions may make credit crunch worse - BBC News (a good read for understanding why tinkering makes it worse)EarningsFannie Mae Posts Fourth Straight Loss, Cuts Dividend - Bloomberg (Following FreddieMac, wasn't it obvious…

Economists: Most Stimulus Went Into Savings - Real Time Economics (if the government is looking to goose the economy, maybe infrastructure projects would be more effective)Should the Fed Announce Inflation Targets? - Real Time Economics…