All Clear?

We are months into the credit crisis that began last summer, triggered by the meltdown in U.S. sub-prime lending. The crisis has been much deeper, much wider and longer than most market participants have expected. Yet, until the failure…

Articles: Bank Writedowns & Failures

I am now updating the information on my Credit Crisis Timeline here:https://pro.creditwritedowns.com/credit-crisis-timelineThere have been a tremendous number of economic dislocations during the present financial crisis. Initially written…

Global Bank write-offs and failures

Since the housing bubble created a global credit crunch in June 2007 after Bear Stearns announced the collapse of two funds it ran (its High-Grade Structured Credit Fund and its High Grade Structured Credit Enhanced Leveraged Fund), there…

UK sure to follow the US into recession

I have been in Europe for a while and am back at blogging after a two-week hiatus. This morning I was listening to "Wake Up To Money," a British finance show that one can hear via podcast. The gist of the discussion was that the UK…

Interesting Articles

2008 06 - Next Phase of the Credit Crisis to Hit Credit Default Swaps $62 Trillion Market2008 06 - Frank-Dodd Rescue Prolongs Housing Crisis by Deferring Defaults2008 06 - Federal Reserve and ECB are in no mood to save us from the…

Bank bankruptcy or bailout?

Update: Also see my list of Bankrupt global financial institutions. Recently, the pace of writedowns by major money center banks has increased. UBS announced today it wrote down $19 billion. Deutsche Bank announced today it wrote down $4…

News Round-Up: 01 Apr 2008

Food Price Inflation Changes How We Shop - Chicago Tribune (3/31/2008)Fed eyes Nordic-style nationalisation of U.S. banks - UK Telegraph (4/1/2008)UBS writes off $19 billion - Yahoo! News (4/1/2008)Deutsche Bank Expects $4B Subprime Hit -…

How we got into this mess

A few days ago Comstock Partners released a Special Report outlining how we got into the economic malaise that is hitting us right now. Their report is spot on in terms of the genesis of our problems being easy money. They also accurately…

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