Credit Writedowns

PoliticsBritain must act to prevent an attack on Iran - FTCongress tries to tighten commodities loopholes - MarketWatchObama Faces Resistance From Top Supporters of Clinton - WSJEconomyGM Weighs More Layoffs, Sale of Brands - WSJRecession…

$1.6 trillion! This is the figure that a Bridgewater Associates study has come up with. I caught this article when I was looking for the original German-language version of a story that MarketWatch exposed regarding the Swiss banks' need…

This is a big story coming from the Swiss German-language paper Sonntagszeitung. I originally saw this story in a derivative report from MarketWatch and then again at Calculated Risk. It's not getting enough play as yet in the…

PoliticsBush to Keep Pressing Iran, North Korea on Nuclear Programs - BloombergArgentina agricultural-export tax clears a hurdle - MarketWatchAmerican Energy Policy, Asleep at the Spigot - New York TimesEconomyWhat Safety Net? The…

BankingThe Credit Crisis Is Going to Get Worse - WSJEuropean Banks May Need EU90 Billion, Goldman Says - BloombergUniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says - BloombergPost Wants EU10 Billion for Postbank,…

In the Wall Street Journal today, Ted Forstmann, of LBO giant Forstmann and Little fame, has warned that the credit crisis is far from over. Forstmann, who presciently called the bubble in High Yield ad LBO financing twenty years ago, is a…

This is a story about how the ECB move affects individuals. As much as I support the ECB rate hike, one has to remember that real people are very much affected by these policy decisions. This is what makes these decisions difficult.

Recession worries at the heart of Europe deepened as it was revealed that factory orders in Germany declined unexpectedly for the sixth straight month. With inflation and interest rates rising, it seems rather unlikely that Germany can…

UBS has announced that it expects further massive hits from the credit crisis and subprime meltdown to affect its quarterly earnings to be released soon. However, after raising a huge amount of equity capital, the company is…

I have said that the Fed is dovish and wants inflation to do its job of reducing the economic burden of the massive debt in the United States. Fed Governor William Poole, who just recently left the Fed, has apparently confirmed this. See…