Credit Writedowns

Today’s commentary provides a few quick hits on some topics I am seeing in the technology space. After a horrible drying up of liquidity after the technology bubble burst 14 years ago, we have seen a resurgence of the technology space over…

Gwyneth Paltrow Talks About Goop, Celebrity, Trolls at Code Conference | Re/code Facebook Seeks EU Antitrust Review of WhatsApp Deal - WSJ.com China Is Projected to Overtake the U.S. in Mobile Revenue - Digits - WSJ Rising Household…

I’m back after the long weekend here in the US with a short post. Having pointed to the excesses in US credit markets on Friday, I should point out that the real economy in the US is doing pretty well at the moment. Markets can continue to…

Recently I have been giving 20 headlines for links. Since I have not done links for a number of days, I am doing 30 today. Microsoft Surface Pro 3 review | The Verge Apple reportedly will pay ISPs for direct network connections | Ars…

There are widespread signs of credit market froth. This is a telltale sign of top of the cycle or near top of the cycle excess. Think 2005, 2006 or 2007. The key bit here is that credit markets transmit distress in a way that equity markets…

Europe’s PMI show a divergence between Germany and France China’s manufacturing sector is still contracting The US student debt problem is growing

Yesterday, I wrote up a piece at the New York Times’ Room for Debate forum about the legacy that Tim Geithner left behind, given his recent memoir “Stress Test”. The question was : “Did the government miss a historic opportunity to reshape…

The big news today is the Gazprom deal in China. This is a $400 billion gas deal to supply gas from Russia to China for 30 years that has been in the works for over a decade. But the changing geopolitical atmosphere has given it urgency.…

Russia's Putin says to invest $55 billion in exploration, pipeline construction to China | Reuters Lenovo overtakes Apple in US personal computer market - Telegraph Russia, China Sign $400 Billion Gas Deal After Decade of Talks -…

Today, rather than write to a single theme, I am going to highlight a number of stories that I have seen over the past few days that I think are important. Spain. Bad debts in Spain are now declining ever so slightly. The latest data for…