Credit Writedowns

This an excerpt from yesterday's daily commentary from David Rosenberg. Two things happened on Friday: First, a very successful hedge fund manager was on CNBC and (between songs, apparently) told viewers that the equity market now…

Belgium has a caretaker government. It has been unable to form a government since the June election after the previous government collapsed in April. The Netherlands is also struggling to put a coalition together. Italy comes to the fore…

Topic of the day: Brazil En el gigante en ascenso tampoco está tudo bêm - lanacion.com Los secretos de Brasil: la receta de una potencia - lanacion.com PIMCO | Viewpoints - Brazilian Boom: Rising Infrastructure Spending Spurs Bond…

Earlier today, Japan's second largest consumer lender, Takefuji sought legal protection of bankruptcy. The source of its woes, and apparently others in that space, is that the borrowers were overcharged interest. Japan's regulator says that…

Will Wilkinson has a post up at his blog called "The Indeterminacy of Income Growth" (pointer to Steve Randy Waldman). He makes a number of points about inflation indices which leads him to conclude that it really can't be said…

During this credit crisis, you keep hearing talking heads act as if deflation is the worst thing that could hit an economy. Just a few years ago we kept hearing people talking about inflation as if it were the thing to avoid. Now suddenly,…

Highlights The US dollar initially extended yesterday’s recovery, but reverse lower in Europe, despite elevated tensions in the periphery of Europe. Optimistic comments by ECB’s Stark, seeming to signal another step on the exit strategy,…

The latest interview with Max Keiser this past Friday talking a bit about credit writedowns, real estate and trying to avoid another leg down. The video conversation is in three parts. Enjoy.

The Credit Writedowns Interview with President Bill Clinton: Report on a blogger meeting with former President Bill Clinton and what his views say about the agenda for Democrats and the Obama Administration. Hugh Hendry interview on…

John Hussman's latest weekly newsletter talks a lot about the anger that Americans feel at being told the recession ended in June 2009 when the economy is still losing jobs. He makes some very good points. See this Economix piece which…