Credit Writedowns

International Tension FT.com / Columnists / Martin Wolf - Currencies clash in the new age of beggar-my-neighbour Retaliation is Likely - Carnegie Endowment for International Peace Anne Applebaum - China's quiet power grab Plaza…

by Annaly Capital Management Today Mike Farrell appeared as a panel participant at a House Financial Services Committee entitled The Future of Housing Finance – A Review of Proposals to Address Market Structure and Transition.  The…

by Michael Pettis I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.  Remember that rebalancing, in the Chinese context, has…

The chart below is from today's morning Breakfast with Dave missive by Gluskin Sheff's David Rosenberg. How do you fight against losses this large? Like Richard Koo and David Rosenberg, I believe the monumental hit that balance sheets of…

Since the beginning of 2008, 291 banks and thrifts have failed in the United States. Georgia leads the way with 37. Source: Interactive Bank Failure Map – WSJ.com

In yesterday's daily note, David Rosenberg showed us this chart of the wild swings in the foreign exchange markets since the beginning of 2007. His interpretation of the chart is that it demonstrates a "series of rolling currency…

Highlights The US dollar remains soft, but the downside momentum seen in recent days appears to be ebbing as new catalysts are awaited. The dollar’s slide is not over and bounces are expected to be shallow and short-lived. The main…

"Malaise" speech When the energy market exploded — an occurrence Carter tried to avoid during his term — he was planning on delivering his fifth major speech on energy; however, he felt that the American people were no…

Meredith Whitney has a new report out that she has been working on for two years called "Tragedy of the Commons" in which she rates several U.S. states. Based on Whitney's analysis, problems in municipal finance could be the next…

by Annaly Capital Management We attended Chairman Bernanke’s lecture last Friday at Princeton University, primarily because there was going to be open Q&A. As it turns out, despite our eagerly raised hand we were not called, the…