Credit Writedowns

The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).

The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).

By Marc Chandler There are many voices that continue to clamor for a European bond; one that is backed collectively by the various members. Germany and the other creditor nations are understandably skeptical especially without greater…

The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the second and possibly final LTRO, and PMI readings. There…

Obama’s dream: To run against Santorum - The Washington Post Let me be blunt: If Republicans nominate Rick Santorum to run for president, they will lose. tags:…

The promises of reform at Foxconn are the latest of many as China painfully adjusts to the inevitable social realignment that comes with a capitalist economy. What is occurring in China now happened in Europe during the transition from…

Greek statement on bond swap: in full - Telegraph Athens has launched a bond swap with private investors to slash €107bn of the country's debt. Here is the Greek statement in full.…

According to their own public comments, the EU, ECB and IMF do not have much confidence that their agreement with Greece will avert default. Instead they are apparently trying to isolate Greece, delay its eventual default, prevent…

It looks like someone at Fannie woke up and realized that any case of a guarantor voiding a policy was prima facie evidence that BofA had breached a rep and warranty about loan quality. Look at the examples: inflated appraisals and incomes.

The G20 will meet in Mexico this weekend. There seems to be three key issues: IMF funding, replacement for Zoellick, who will step down as head of the World Bank, and the oil shock. It is unlikely that any of these issues are resolved at…