Credit Writedowns

Facebook is up a massive 26% today on the back of strong mobile-fuelled earnings in the second quarter. Having dedicated itself to becoming a more mobile-centric platform, Facebook is reaping the rewards. This is a lesson, however, to every…

Yesterday I wrote up a review of Apple's earnings. And while the earnings are declining, Apple is still in pole position in the mobile space. Nonetheless, Google's product unveiling yesterday was huge because the various products in…

Note: Edward here. Starting today, I am making the links posts available to all registered users because I really want to share what I am seeing with people. I can only do that if I open things up a bit here. Earlier I had a paid 'bronze'…

Within the next few months the Obama administration is expected to announce a nominee for Ben Bernanke's replacement. Two names have been bounced around recently: Janet Yellen and Larry Summers. According to Google Trends, here is what…

Because growth will consistently underperform expectations as China rebalances, many members of the Chinese policymaking elite, and their effective allies among the shrinking but still large contingent of China-bulls, will increasingly…

Technology news links for 24 Jul 2013

News links for 24 Jul 2013

Late in January, I predicted why earnings contractions were coming for Apple in 2013. And since that time, Apple has indeed shown back-to-back quarters of earnings decline, with the announced earnings yesterday much lower than in the…

In my last post, I argued that enforced separation of investment banking and commercial banking would not eliminate the need to provide central bank support to investment banks and other non-banks in the event of another Lehman-type…

I continue to anticipate a recovery in Europe in the second half of this year. The manufacturing PMI data that were released this morning suggest we could be in recovery before the end of the quarter. This makes me relatively upbeat about…