Credit Writedowns

by John Lounsbury David Rosenberg, chief economist at Toronto's Gluskin Sheff, says at least two more years to a top with rates significantly lower than today.  Here is Rosenberg's graph: From today's "Breakfast With…

by Comstock Partners For some strange reason a number of economists and strategists seen on TV and quoted in the press maintain that the exceedingly weak recovery we are now undergoing is really a "normal" or "average"…

BBC HARDtalk interviewed hedge fund manager Hugh Hendry, CIO & CEO of Eclectica Asset Management, this past Tuesday night. The videos are below.

Here are some quick thoughts on what's happening in Ireland. The Irish situation is mostly about the collapse in the economy due to a huge run-up in private sector debts. This has been complicated by Iceland-style bailouts for an outsized…

Warren Buffett wants his street cred back! He's coming down on the side of most people on main street who believe the recession is still ongoing despite what the NBER stat gurus say. Reuters quotes: "We're still in a…

Topic of the Day: Ireland Ireland's austerity measures show us how not to do it | Business | The Guardian BBC News - Irish economy contracts by 1.2% Stat of the Day: Ireland now fifth for highest government default probabilities…

Robert Shiller puts the odds for a double dip recession at greater than 50%; so he is worried that we are headed back down again. I missed Robert Shiller's Big Interview with the Wall Street Journal last month so I am posting it now. Here…

The weekly jobless claims are not often the stuff that moves the foreign exchange market, but the disappointment with today's data is noteworthy and hitting the the fx market as the foreign currencies began recovering from the profit-taking…

This morning, BBH's Marc Chandler noted: In today’s European trading session, Ireland sold €100 of bills with an average yield of 2.23% with a maturity set for April 18, 2011. On the whole, Ireland auctioned €400M of bills, less than…

Highlights The US dollar is recouping some of its recent losses against most of the major and emerging market currencies. Softer than expected New Zealand GDP, followed by the disappointing euro zone flash PMI, the renewed widening of…